Attached files
| file | filename |
|---|---|
| EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - GAP INC | exhibit23fy17.htm |
| EX-21 - SUBSIDIARIES OF REGISTRANT - GAP INC | exhibit21fy17.htm |
| EX-32.2 - SECTION 1350 CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - GAP INC | fy201710-kexhibit322.htm |
| EX-32.1 - SECTION 1350 CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - GAP INC | fy201710-kexhibit321.htm |
| EX-31.2 - SECTION 302 CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - GAP INC | fy201710-kexhibit312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - GAP INC | fy201710-kexhibit311.htm |
| EX-10.30 - EXHIBIT 10.30 - GAP INC | exhibit1030fy17.htm |
| 10-K - 10-K - GAP INC | fy201710-k.htm |
Exhibit 12
Ratio of Earnings to Fixed Charges
Fiscal Year (number of weeks) | |||||||||||||||||||
($ in millions except ratios) | 2017 (53) | 2016 (52) | 2015 (52) | 2014 (52) | 2013 (52) | ||||||||||||||
Earnings before income taxes and interest expense | $ | 1,498 | $ | 1,199 | $ | 1,530 | $ | 2,088 | $ | 2,154 | |||||||||
Less: capitalized interest, net | (9 | ) | (9 | ) | (8 | ) | (7 | ) | (8 | ) | |||||||||
Total fixed charges | 544 | 548 | 533 | 551 | 522 | ||||||||||||||
Earnings for calculation | $ | 2,033 | $ | 1,738 | $ | 2,055 | $ | 2,632 | $ | 2,668 | |||||||||
Fixed charges: | |||||||||||||||||||
Gross interest incurred | $ | 74 | $ | 75 | $ | 59 | $ | 75 | $ | 61 | |||||||||
Interest portion of rent expense (1) | 470 | 473 | 474 | 476 | 461 | ||||||||||||||
Total fixed charges | $ | 544 | $ | 548 | $ | 533 | $ | 551 | $ | 522 | |||||||||
Ratio of earnings to fixed charges | 3.7 | 3.2 | 3.9 | 4.8 | 5.1 | ||||||||||||||
(1) The interest portion of rent expense for all fiscal years presented was calculated as 36 percent of rent expense.