Foot Locker (FL)

Depreciation and Amortization

     Depreciation and amortization of $130 million decreased by 21.7 percent in 2008 from $166 million in 2007. This decrease primarily reflects the effect of the 2007 impairment charges offset, in part, by increased depreciation and amortization related to the Company’s capital spending. The effect of foreign currency fluctuations was not significant. Due to the 2008 impairment charges, the Company expects that its 2009 depreciation and amortization expense will be approximately $15 million lower than 2008.

     Depreciation and amortization of $166 million decreased by 5.1 percent in 2007 from $175 million in 2006. This decrease primarily reflects reduced software amortization of $8 million as assets became fully depreciated and reduced depreciation and amortization associated with the third quarter 2007 impairment charge. These decreases were offset, in part, by the effect of foreign currency fluctuations, which increased depreciation and amortization expense by $3 million, and increased depreciation and amortization related to the Company’s capital spending.

Depreciation and
Amortization

     Depreciation and amortization of $130 million decreased by 21.7 percent
in 2008 from $166 million in 2007. This decrease primarily reflects the effect
of the 2007 impairment charges offset, in part, by increased depreciation and
amortization related to the Company’s capital spending. The effect of foreign
currency fluctuations was not significant. Due to the 2008 impairment charges,
the Company expects that its 2009 depreciation and amortization expense will be
approximately $15 million lower than 2008.

     Depreciation and amortization of $166 million decreased by 5.1 percent in
2007 from $175 million in 2006. This decrease primarily reflects reduced
software amortization of $8 million as assets became fully depreciated and
reduced depreciation and amortization associated with the third quarter 2007
impairment charge. These decreases were offset, in part, by the effect of
foreign currency fluctuations, which increased depreciation and amortization
expense by $3 million, and increased depreciation and amortization related to
the Company’s capital spending.

Depreciation and
Amortization

     Depreciation and amortization of $130 million decreased by 21.7 percent
in 2008 from $166 million in 2007. This decrease primarily reflects the effect
of the 2007 impairment charges offset, in part, by increased depreciation and
amortization related to the Company’s capital spending. The effect of foreign
currency fluctuations was not significant. Due to the 2008 impairment charges,
the Company expects that its 2009 depreciation and amortization expense will be
approximately $15 million lower than 2008.

     Depreciation and amortization of $166 million decreased by 5.1 percent in
2007 from $175 million in 2006. This decrease primarily reflects reduced
software amortization of $8 million as assets became fully depreciated and
reduced depreciation and amortization associated with the third quarter 2007
impairment charge. These decreases were offset, in part, by the effect of
foreign currency fluctuations, which increased depreciation and amortization
expense by $3 million, and increased depreciation and amortization related to
the Company’s capital spending.

Depreciation and Amortization

     Depreciation and amortization of $166 million decreased by 5.1 percent in 2007 from $175 million in 2006. This decrease primarily reflects reduced software amortization of $8 million as assets became fully depreciated and reduced depreciation and amortization associated with the third quarter impairment charge of $8 million. These decreases were offset, in part, by the effect of foreign currency fluctuations, which increased depreciation and amortization expense by $3 million, and increased depreciation and amortization related to the Company’s capital spending.

     Depreciation and amortization of $175 million increased by 2.3 percent in 2006 from $171 million in 2005. This increase primarily reflected additional depreciation and amortization for the Athletic Stores segment due to capital spending and the effect of foreign currency fluctuations of approximately $1 million.

Depreciation and
Amortization

     Depreciation and amortization of $166 million decreased by 5.1 percent in
2007 from $175 million in 2006. This decrease primarily reflects reduced
software amortization of $8 million as assets became fully depreciated and
reduced depreciation and amortization associated with the third quarter
impairment charge of $8 million. These decreases were offset, in part, by the
effect of foreign currency fluctuations, which increased depreciation and
amortization expense by $3 million, and increased depreciation and amortization
related to the Company’s capital spending.

     Depreciation and amortization of $175 million increased by 2.3 percent in
2006 from $171 million in 2005. This increase primarily reflected additional
depreciation and amortization for the Athletic Stores segment due to capital
spending and the effect of foreign currency fluctuations of approximately $1
million.

Depreciation and Amortization

     Depreciation and amortization of $175 million increased by 2.3 percent in 2006 from $171 million in 2005. This increase primarily reflects additional depreciation and amortization for the Athletic Stores segment due to capital spending and the effect of foreign currency fluctuations of approximately $1 million.

     Depreciation and amortization of $171 million increased by 11.0 percent in 2005 from $154 million in 2004. This increase primarily reflects additional depreciation and amortization for the Athletic Stores segment due to capital spending and adjustments to depreciable lives of certain fixed assets. Additionally, depreciation and amortization for the Footaction format increased by $6 million as compared with 2004, primarily due to increased capital expenditures related to store improvements and point-of-sale equipment.

Depreciation and Amortization

          Depreciation and amortization decreased by $2 million in the third quarter of 2006 to $44 million as compared with $46 million for the third quarter of 2005.  Depreciation and amortization increased by $3 million for the thirty-nine weeks ending October 28, 2006 to $131 million as compared with $128 million for the thirty-nine weeks ending October 29, 2005.  The increase is attributable to the additional depreciation associated with the Company’s capital expenditure program.  The third quarter of 2005 includes adjustments to depreciable lives of certain fixed assets, which increased depreciation and amortization by $4 million. 

Depreciation and Amortization

          Depreciation and amortization increased by $3 million in the second quarter of 2006 to $44 million as compared with $41 million for the second quarter of 2005.  Depreciation and amortization increased by $5 million in the first half of 2006 to $87 million as compared with $82 million for the first half of 2005.  The increases represent additional depreciation associated with the Company’s capital expenditures including leasehold improvements for new stores, remodeling or relocations of existing stores, and point-of-sale equipment. 

Depreciation and Amortization

          Depreciation and amortization increased by $2 million in the first quarter of 2006 to $43 million as compared with $41 million for the first quarter of 2005.   The increase represents additional depreciation associated with the Company’s capital expenditures, leasehold improvements for new stores, remodeling or relocations of existing stores, and point-of-sale equipment.

Depreciation and Amortization