| Fiscal Year Ended | ||||||||||||||||||||
|
January 28, |
January 29, |
January 30, |
February 1, |
February 2, |
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| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| (in millions, except ratios) | ||||||||||||||||||||
|
Earnings
|
||||||||||||||||||||
|
Pre-tax income from continuing operations
|
$ | 3,350 | $ | 2,024 | $ | 3,324 | $ | 3,827 | $ | 3,345 | ||||||||||
|
Add: Fixed Charges adjusted for capitalized interest
|
228 | 191 | 132 | 84 | 71 | |||||||||||||||
|
Add: Noncontrolling interest
|
- | - | - | 29 | 23 | |||||||||||||||
|
Total
|
$ | 3,578 | $ | 2,215 | $ | 3,456 | $ | 3,940 | $ | 3,439 | ||||||||||
|
Fixed
Charges(a)
|
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|
Interest Expense
|
$ | 199 | $ | 160 | $ | 93 | $ | 45 | $ | 45 | ||||||||||
|
Capitalized interest
|
- | - | - | - | - | |||||||||||||||
|
Estimate of interest in rent expense
|
29 | 31 | 39 | 39 | 26 | |||||||||||||||
|
Total
|
$ | 228 | $ | 191 | $ | 132 | $ | 84 | $ | 71 | ||||||||||
|
Ratio of Earnings to Fixed Charges
|
16 | 12 | 26 | 47 | 49 | |||||||||||||||
| (a) | Fixed charges included in the calculation of this ratio consist of: (i) interest expensed, plus (ii) interest capitalized (when applicable), plus (iii) a reasonable estimation of the interest factor included in rental expense. |