Nike 2003 Annual Report Download - page 74

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EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
NIKE, Inc. has 41 wholly-owned subsidiaries, 7 of which operate in the United States, and 34 of which
operate in foreign countries. All of the subsidiaries, except for NIKE IHM, Inc., Triax Insurance, Inc., and NIKE
Suzhou Sports Co. 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 Co. Ltd., a Chinese
corporation, manufactures footwear in the People’s Republic of China.