EXHIBIT 99.2
NIKE, INC.
Schedule of Reclassified Operating Segment Data - Earnings Before Interest and Taxes 1, 2, 3
(Unaudited)
| 1st Quarter | | | 2nd Quarter | | | 3rd Quarter | | | 4th Quarter | | | Full Year | |
(Amounts in millions) | FY09 | | | FY08 | | | % Change | | | FY09 | | | FY08 | | | % Change | | | FY09 | | | FY08 | | | % Change | | | FY09 | | | FY08 | | | % Change | | | FY09 | | | FY08 | | | % Change | |
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North America | $ | 373.6 | | | $ | 360.3 | | | | 4 | % | | $ | 265.7 | | | $ | 320.7 | | | | -17 | % | | $ | 388.1 | | | $ | 364.8 | | | | 6 | % | | $ | 401.9 | | | $ | 414.6 | | | | -3 | % | | $ | 1,429.3 | | | $ | 1,460.4 | | | | -2 | % |
Western Europe | | 323.0 | | | | 298.7 | | | | 8 | % | | | 183.7 | | | | 162.6 | | | | 13 | % | | | 199.6 | | | | 236.7 | | | | -16 | % | | | 232.8 | | | | 224.5 | | | | 4 | % | | | 939.1 | | | | 922.5 | | | | 2 | % |
Central and Eastern Europe | | 126.8 | | | | 80.8 | | | | 57 | % | | | 100.3 | | | | 69.0 | | | | 45 | % | | | 95.0 | | | | 97.1 | | | | -2 | % | | | 93.0 | | | | 111.5 | | | | -17 | % | | | 415.1 | | | | 358.4 | | | | 16 | % |
Greater China | | 138.8 | | | | 100.2 | | | | 39 | % | | | 135.5 | | | | 100.5 | | | | 35 | % | | | 145.3 | | | | 121.8 | | | | 19 | % | | | 155.6 | | | | 108.2 | | | | 44 | % | | | 575.2 | | | | 430.7 | | | | 34 | % |
Japan | | 37.9 | | | | 38.1 | | | | -1 | % | | | 55.2 | | | | 47.4 | | | | 16 | % | | | 47.3 | | | | 34.6 | | | | 37 | % | | | 65.0 | | | | 58.8 | | | | 11 | % | | | 205.4 | | | | 178.9 | | | | 15 | % |
Emerging Markets | | 72.9 | | | | 76.6 | | | | -5 | % | | | 121.2 | | | | 91.5 | | | | 32 | % | | | 70.7 | | | | 76.5 | | | | -8 | % | | | 77.8 | | | | 62.0 | | | | 25 | % | | | 342.6 | | | | 306.6 | | | | 12 | % |
Global Brand Divisions4 | | (198.7 | ) | | | (163.7 | ) | | | -21 | % | | | (177.3 | ) | | | (176.3 | ) | | | -1 | % | | | (224.2 | ) | | | (187.5 | ) | | | -20 | % | | | (211.3 | ) | | | (209.3 | ) | | | -1 | % | | | (811.5 | ) | | | (736.8 | ) | | | -10 | % |
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Total NIKE Brand | | 874.3 | | | | 791.0 | | | | 11 | % | | | 684.3 | | | | 615.4 | | | | 11 | % | | | 721.8 | | | | 744.0 | | | | -3 | % | | | 814.8 | | | | 770.3 | | | | 6 | % | | | 3,095.2 | | | | 2,920.7 | | | | 6 | % |
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Other Businesses5 | | 86.6 | | | | 93.0 | | | | -7 | % | | | 21.3 | | | | 69.4 | | | | -69 | % | | | (342.9 | ) | | | 103.4 | | | | -432 | % | | | 42.4 | | | | 92.8 | | | | -54 | % | | | (192.6 | ) | | | 358.6 | | | | -154 | % |
Corporate Expense6 | | (256.8 | ) | | | (238.3 | ) | | | -8 | % | | | (190.0 | ) | | | (192.3 | ) | | | 1 | % | | | (140.5 | ) | | | (197.4 | ) | | | 29 | % | | | (368.3 | ) | | | (225.5 | ) | | | -63 | % | | | (955.6 | ) | | | (853.5 | ) | | | -12 | % |
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Total earnings before interest and taxes 1,2,3 | $ | 704.1 | | | $ | 645.7 | | | | 9 | % | | $ | 515.6 | | | $ | 492.5 | | | | 5 | % | | $ | 238.4 | | | $ | 650.0 | | | | -63 | % | | $ | 488.9 | | | $ | 637.6 | | | | -23 | % | | $ | 1,947.0 | | | $ | 2,425.8 | | | | -20 | % |
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1 Reclassified operating segment data reflects changes in the Company's operating structure which became effective June 1, 2009.
2 The Company evaluates performance of individual operating segments based on earnings before interest and taxes, which represents net income before interest income, net and income taxes.
3 Certain prior year amounts have been reclassified to conform to fiscal year 2010 presentation. These include the reclassification of certain selling and administrative expenses from the Company's geographic operating segments and Corporate Expense to Global Brand Divisions to reflect the Company's current operating structure. These changes had no impact on previously reported consolidated results of operations or shareholders' equity.
4 Global Brand Divisions primarily represent NIKE Brand licensing businesses that are not part of a geographic operating segment and general and administrative expenses that are centrally managed for the NIKE Brand.
5 Other Businesses represents activities of Cole Haan, Converse, Exeter Brands Group (whose primary business was the Starter brand business which was sold December 17, 2007), Hurley, NIKE Bauer Hockey (through April 16, 2008), NIKE Golf, and Umbro (beginning March 3, 2008).
6 Corporate Expense primarily consists of unallocated general and administrative expenses, which includes expenses associated with centrally managed departments, depreciation and amortization related to the Company's corporate headquarters, unallocated insurance and benefit programs, foreign currency gains and losses, including hedge gains and losses, corporate eliminations and other items.