Exhibit 12.1
VF Corporation
Computation of Ratio of Earnings to Fixed Charges
and Computation of Ratio of Earnings to Combined
Fixed Charges and Preferred Dividends
                                                         
    Six Months Ended June     Fiscal Years Ended December  
    2007     2006     2006     2005     2004     2003     2002  
    (dollars in millions, except ratio data)  
Pretax income from continuing operations before adjustments for minority interests in consolidated subsidiaries and income or loss from equity investees
   $ 365     $ 311     $ 775     $ 710     $ 596     $ 512     $ 463  
 
                                                        
Fixed charges:
                                                        
Interest expense
     27       27       57       71       76       61       71  
1/3 of rent expense
     16       16       33       31       30       23       19  
 
                                          
Total fixed charges
     43       43       90       101       106       84       90  
 
                                          
 
                                                        
Pretax income from continuing operations before adjustments for minority interests in consolidated subsidiaries and income or loss from equity investees, plus fixed charges
   $ 408     $ 354     $ 865     $ 812     $ 702     $ 596     $ 552  
 
                                          
 
                                                        
Total fixed charges shown above
   $ 43     $ 43     $ 90     $ 101     $ 106     $ 84     $ 90  
Preferred stock dividends
             1       1       2       2       2       3  
 
                                          
Total fixed charges and preferred dividends
   $ 43     $ 44     $ 91     $ 103     $ 108     $ 86     $ 92  
 
                                          
 
                                                        
Ratio of Earnings to Fixed Charges(1)
     9.4 x     8.2 x     9.6 x     8.0 x     6.6 x     7.1 x     6.2 x
Ratio of Earnings to Combined Fixed Charges(2) and Preferred Dividends
     9.4 x     8.1 x     9.5 x     7.9 x     6.5 x     6.9 x     6.0 x
 
(1)   For purposes of this ratio, earnings are based on income from continuing operations before income taxes and before fixed charges. Income from continuing operations before income taxes is adjusted for minority interests of partially owned consolidated subsidiaries and for earnings and dividends of investments accounted for on the equity method. Fixed charges consist of interest expense, capitalized interest and one-third of rent expense (excluding contingent rent expense), which approximates the interest factor of such rent expense.
 
(2)   For purposes of this ratio, earnings are based on income from continuing operations before income taxes and before fixed charges. Income from continuing operations before income taxes is adjusted for minority interests of partially owned consolidated subsidiaries and for earnings and dividends of investments accounted for on the equity method. Fixed charges consist of interest expense, capitalized interest and one-third of rent expense (excluding contingent rent expense), which approximates the interest factor of such rent expense. Preferred stock dividends relate to the Series B Convertible Preferred Stock held by the Employee Stock Ownership Plan, all of which was converted to Common Stock in June 2006.

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