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Corporate consists largely of unallocated general and administrative expenses, including expenses related to centrally managed departments, depreciation and amortization Scarpe Nike Roshe Run related to the company's headquarters, unallocated insurance and benefit programs, including stock based compensation, certain foreign currency gains and losses, including certain hedge gains and losses, certain corporate eliminations along with other items. Converse segment (6% of Sales) Designs, markets, licenses, and sells casual sneakers, apparel, and accessories underneath the Converse name. Nike bought Converse from Perseus LLC in 2003 for $305 million implying an EV/LTM EBITDA multiple of 9.5x.