Nike 2009 Annual Report Download - page 90

NIKE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
United States were $8,019.8 million, $7,938.5 million, and $7,593.7 million, for the years ended May 31, 2009,
2008, and 2007, respectively. The Company’s largest concentrations of long-lived assets primarily consist of the
Company’s world headquarters and distribution facilities in the United States and distribution facilities in Japan
and Belgium. Long-lived assets attributable to operations in the United States, which are comprised of net
property, plant & equipment, were $1,142.6 million, $1,109.9 million, and $991.3 million at May 31, 2009, 2008,
and 2007, respectively. Long-lived assets attributable to operations in Japan were $322.3 million, $303.8 million,
and $260.6 million at May 31, 2009, 2008, and 2007, respectively. Long-lived assets attributable to operations in
Belgium were $191.0 million, $219.1 million and $198.3 million at May 31, 2009, 2008, and 2007, respectively.
Major Customers. Revenues derived from Foot Locker, Inc. represented 9% of the Company’s
consolidated revenues for the years ended May 31, 2009 and 2008, and 10% for the year ended May 31, 2007.
Sales to this customer are included in all segments of the Company.
Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure
There has been no change of accountants nor any disagreements with accountants on any matter of
accounting principles or practices or financial statement disclosure required to be reported under this Item.
Item 9A. Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be
disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated
and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow for timely decisions regarding required disclosure. In designing and evaluating the
disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and
management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and
procedures.
We carry out a variety of on-going procedures, under the supervision and with the participation of our
management, including our Chief Executive Officer and Chief Financial Officer, to evaluate the effectiveness of
the design and operation of our disclosure controls and procedures. Based on the foregoing, our Chief Executive
Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective at the
reasonable assurance level as of May 31, 2009.
“Management’s Annual Report on Internal Control Over Financial Reporting” is included in Item 8 on page
51 of this Report.
There has been no change in our internal control over financial reporting during our most recent fiscal
quarter that has materially affected, or is reasonable likely to materially affect, our internal control over financial
reporting.
Item 9B. Other Information
No disclosure is required under this Item.
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