EXHIBIT 12.1 NIKE, Inc. Computation of Ratio of Earnings to Fixed Charges

The following disclosure reflects the Company's continuing operations:

	Year Ended May 31,
(in millions)	2013				2012				2011				2010				2009
Net income from continuing operations	$	2,464			$	2,269			$	2,172			$	1,923			$	1,754
Income taxes	808				756				690				614				652
Income before income taxes	3,272				3,025				2,862				2,537				2,406
Add fixed charges
Interest expense(1)	23				31				32				33				39
Interest component of leases(2)	48				42				39				36				34
TOTAL FIXED CHARGES	71				73				71				69				73
Earnings before income taxes and fixed charges(3)	$	3,343			$	3,098			$	2,933			$	2,606			$	2,479
Ratio of earnings to total fixed charges	47.1				42.4				41.3				37.8				34.0

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

(2)	Interest component of leases includes one-tenth of rental expense which approximates the interest component of operating leases.

(3)	Earnings before income taxes and fixed charges are exclusive of capitalized interest.