Nike 2009 Annual Report Download - page 73
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NIKE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Note 9 — Income Taxes
Income before income taxes is as follows:
Year Ended May 31,
2009 2008 2007
(In millions)
Income before income taxes:
United States ...................................... $ 845.7 $ 713.0 $ 805.1
Foreign .......................................... 1,110.8 1,789.9 1,394.8
$1,956.5 $2,502.9 $2,199.9
The provision for income taxes is as follows:
Year Ended May 31,
2009 2008 2007
(In millions)
Current:
United States
Federal .......................................... $410.1 $ 469.9 $352.6
State ............................................ 46.1 58.4 59.6
Foreign .............................................. 307.7 391.8 261.9
763.9 920.1 674.1
Deferred:
United States
Federal .......................................... (251.4) (273.0) 38.7
State ............................................ (7.9) (5.0) (4.8)
Foreign .............................................. (34.8) (22.6) 0.4
(294.1) (300.6) 34.3
$ 469.8 $ 619.5 $708.4
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