Exhibit 12

NIKE, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended August 31,		Year Ended May 31,
	2008		2008		2007		2006		2005		2004
	(in millions)		(in millions)
Net income	$	510.5	$	1,883.4	$	1,491.5	$	1,392.0	$	1,211.6	$	945.6
Income taxes		203.7		619.5		708.4		749.6		648.2		504.4
Income before income taxes		714.2		2,502.9		2,199.9		2,141.6		1,859.8		1,450.0
Add fixed charges
Interest expense(A)		8.1		40.7		49.7		50.5		39.7		40.6
Interest component of leases(B)		9.8		34.4		28.5		25.2		23.3		20.7
Total fixed charges		17.9		75.1		78.2		75.7		63.0		61.3
Earnings before income taxes and fixed charges(C)		732.1	$	2,578.0	$	2,278.1	$	2,217.3	$	1,992.8	$	1,511.3
Ratio of earnings to total fixed charges		40.8		34.3		29.1		29.3		30.5		24.7

(A) Interest expense includes interest both expensed and capitalized.

(B) Interest component of leases includes one-third of rental expense, which approximates the interest component of operating leases.

(C) Earnings before income taxes and fixed charges is exclusive of capitalized interest.