Nike 2011 Annual Report Download - page 58

58 NIKE,INC.-Form10-K
PARTII
ITEM9Changes in and Disagreements withAccountants on Accounting andFinancial Disclosure
Revenues and Long-Lived Assets
byGeographic Area
Geographical area information is similar to what was shown previously under
operating segments with the exception of the Other activity, which has been
allocated to the geographical areas based on the location where the sales
originated. Revenues derived in the UnitedStates were $8,956million,
$7,914million, and $8,020million for theyears ended May31,2011,2010, and
2009, 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, Belgium and China.
Long-lived assets attributable to operations in the UnitedStates, which are
comprised of net property, plant& equipment, were $1,115million, $1,070million,
and $1,143million at May31,2011,2010, and 2009, respectively. Long-lived
assets attributable to operations in Japan were $363million, $336million,
and $322million at May31,2011,2010 and 2009, respectively. Long-lived
assets attributable to operations in Belgium were $182million, $164million,
and $191million at May31,2011,2010, and 2009, respectively. Long-lived
assets attributable to operations in China were $175million, $144million,
and$76million at May31,2011,2010, and 2009, respectively.
Major Customers
No customer accounted for 10% or more of the Company’s net sales during
theyears ended May31,2011,2010, and 2009.
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 fi nancial 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
information required to be disclosed in our Exchange Act reports is recorded,
processed, summarized and reported within the time periods specifi ed 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 Offi cer and Chief Financial Offi cer, 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-benefi t
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 Offi cer
and Chief Financial Offi cer, to evaluate the effectiveness of the design and
operation of our disclosure controls and procedures. Based on the foregoing,
our Chief Executive Offi cer and Chief Financial Offi cer concluded that our
disclosure controls and procedures were effective at the reasonable assurance
levelas of May31,2011.
“Management’s Annual Report on Internal Control Over Financial Reporting”
is included in Item8 on page 34 of this Report.
There has been no change in our internal control over fi nancial reporting during
our most recent fi scal quarter that has materially affected, or is reasonable
likely to materially affect, our internal control over fi nancial reporting.
ITEM9B Other Information
No disclosure is required under this Item.