NIKE INC | 2013 | FY | 3


A reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate is as follows:
 
 
Year Ended May 31,
  
 
2013
 
2012
 
2011
Federal income tax rate
 
35.0
 %
 
35.0
 %
 
35.0
 %
State taxes, net of federal benefit
 
1.4
 %
 
1.3
 %
 
1.3
 %
Foreign earnings
 
-11.8
 %
 
-11.9
 %
 
-11.4
 %
Other, net
 
0.1
 %
 
0.6
 %
 
-0.8
 %
EFFECTIVE INCOME TAX RATE
 
24.7
 %
 
25.0
 %
 
24.1
 %

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