Nike 2006 Annual Report Download - page 82

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EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
NIKE, Inc. has 44 wholly-owned subsidiaries, 7 of which operate in the United States, and 35 of which
operate in foreign countries. All of the subsidiaries, except for NIKE IHM, Inc., Triax Insurance, Inc., and NIKE
(Suzhou) Sports Company, Ltd. carry on the same line of business, namely the design, marketing distribution and
sale of athletic and leisure footwear, apparel, accessories, and equipment. NIKE IHM, Inc., a Missouri
corporation, manufactures plastics and Air-Sole shoe cushioning components. Triax Insurance, Inc., a Hawaii
corporation, is a captive insurance company that insures the Company for certain risks. NIKE (Suzhou) Sports
Company, Ltd., a Chinese corporation, manufactures footwear and Air-Sole shoe cushioning components in the
People’s Republic of China.