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| |X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE                                                                                                                                                                                                                                                                                                          |
| SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                      |
| For the quarterly period ended June 30, 2002                                                                                                                                                                                                                                                                                                                         |
| OR                                                                                                                                                                                                                                                                                                                                                                   |
| |_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE                                                                                                                                                                                                                                                                                                         |
| SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                      |
| Commission file number 1-9340                                                                                                                                                                                                                                                                                                                                        |
| **REEBOK INTERNATIONAL LTD.**                                                                                                                                                                                                                                                                                                                                        |
| Incorporated pursuant to the Laws of The Commonwealth of Massachusetts                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                      |
| Internal Revenue Service-- Employer Identification No. 04-2678061                                                                                                                                                                                                                                                                                                    |
| 1895 J.W. Foster Boulevard, Canton, Massachusetts, 02021                                                                                                                                                                                                                                                                                                             |
| (781) 401-5000                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                      |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports) and (2) has been subject to such filing requirements for the past 90 days. Yes |X| No |_| |
| The total number of shares of the registrant's Common Stock, par value $.01 per share, outstanding on August 12, 2002 was 59,719,699.                                                                                                                                                                                                                                |
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| REEBOK INTERNATIONAL LTD.                                                                                                                                     |
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| ***INDEX***                                                                                                                                                   |
| ***PART I.    FINANCIAL INFORMATION:***                                                                                                                       |
|                                                                                                                                                               |
| Item 1. Financial Statements (Unaudited)                                                                                                                      |
|                                                                                                                                                               |
|                                                                                                                                                               |
|             Condensed Consolidated Balance Sheets--                                               |
|                   June 30, 2002 and 2001, and December 31, 2001     | 3 |
|                                                                                                                                                               |
|             Condensed Consolidated Statements of Income--                                         |
|                   Three and Six Months Ended June 30, 2002 and 2001 | 4 |
|                                                                                                                                                               |
|             Condensed Consolidated Statements of Cash Flows--                                     |
|                   Six Months Ended June 30, 2002 and 2001           | 5 |
|                                                                                                                                                               |
|             Notes to Condensed Consolidated Financial Statements                                  | 6 - 10 |
|                                                                                                                                                               |
|                                                                                                                                                               |
| Item 2.  Management's  Discussion  and  Analysis  of                                                                                                          |
|                   Results of  Operations and Financial Condition    | 10 - 19 |
|                                                                                                                                                               |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                                                                            | 20 |
|                                                                                                                                                               |
|                                                                                                                                                               |
| ***Part II. OTHER INFORMATION:***                                                                                                                             |
|                                                                                                                                                               |
|                                                                                                                                                               |
| Item 1. Legal Proceedings                                                                                                                                     | 21 |
|                                                                                                                                                               |
| Item 2. Changes in Securities                                                                                                                                 | 21 |
|                                                                                                                                                               |
| Item 3. Defaults Upon Senior  Securities                                                                                                                      | 21 |
|                                                                                                                                                               |
| Item 4. Submission  of Matters to a Vote of  Security-Holders                                                                                                 | 21 |
|                                                                                                                                                               |
| Item 5. Other Information                                                                                                                                     | 21 |
|                                                                                                                                                               |
| Item 6. Exhibits                                                                                                                                              | 21-22 |

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| **Reebok International Ltd.**                                                                                  |
|----------------------------------------------------------------------------------------------------------------|
| **Condensed Consolidated Balance Sheets**                                                                      |
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|                                                                                                                |  |  |
| Amounts in thousands                                                                                           |  |  |  |  |  |  |
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|                                                                                                                |  |  |
| **Assets**                                                                                                     |
| Current assets:                                                                                                |
|      Cash and cash equivalents                                                        | $ | 419,390 |  | $ | 149,859 |  | $ | 413,281 |  |
|      Accounts receivable, net of allowance for                                        |
|           doubtful accounts (June 2002, $56,944; June 2001,  |
|           $46,908; December 2001, $55,240)                   |  | 503,702 |  |  | 527,432 |  |  | 383,372 |
|      Inventory                                                                        |  | 407,612 |  |  | 474,952 |  |  | 362,927 |  |
|      Deferred income taxes                                                            |  | 105,027 |  |  | 102,279 |  |  | 104,280 |
|      Prepaid expenses and other current assets                                        |  | 40,262 |  |  | 46,727 |  |  | 30,835 |  |
|                                                                                                                |  |  |
|           Total current assets                               |  | 1,475,993 |  |  | 1,301,249 |  |  | 1,294,695 |  |
|                                                                                                                |  |  |
| Property and equipment, net                                                                                    |  | 133,112 |  |  | 136,043 |  |  | 133,952 |  |
| Other non-current assets:                                                                                      |
|      Goodwill, net                                                                    |  | 23,417 |  |  | 33,037 |  |  | 31,294 |  |
|      Intangibles, net of amortization                                                 |  | 45,111 |  |  | 32,476 |  |  | 45,392 |
|      Deferred income taxes                                                            |  | 9,987 |  |  | 15,418 |  |  | 16,094 |  |
|      Other                                                                            |  | 25,952 |  |  | 20,123 |  |  | 21,746 |
|                                                                                                                |  |  |
|           Total Assets                                       | $ | 1,713,572 |  | $ | 1,538,346 |  | $ | 1,543,173 |  |
|                                                                                                                |  |  |
| **Liabilities and Stockholders' Equity**                                                                       |
| Current liabilities:                                                                                           |
|      Notes payable to banks                                                           | $ | 10,696 |  | $ | 22,148 |  | $ | 11,779 |  |
|      Current portion of long-term debt                                                |  | 114 |  |  | 265 |  |  | 97 |  |
|      Accounts payable                                                                 |  | 158,185 |  |  | 158,055 |  |  | 127,286 |  |
|      Accrued expenses                                                                 |  | 337,244 |  |  | 286,960 |  |  | 269,738 |  |
|      Income taxes payable                                                             |  | 39,018 |  |  | 37,945 |  |  | 40,506 |  |
|                                                                                                                |  |  |
|           Total current liabilities                          |  | 545,257 |  |  | 505,373 |  |  | 449,406 |  |
|                                                                                                                |  |  |
| Long-term debt, net of current portion                                                                         |  | 351,908 |  |  | 351,013 |  |  | 351,210 |  |
| Minority interest and other long-term liabilities                                                              |  | 28,067 |  |  | 23,115 |  |  | 22,619 |  |
| Commitments and contingencies                                                                                  |
|                                                                                                                |
| Stockholders' equity:                                                                                          |  |  |  |  |  |  |  |  |  |
| Common stock, par value $.01; authorized 250,000 shares;                                                       |
|      issued shares: June 2002, 98,706;                                                |
|      June 2001, 97,558; December 2001, 98,050                                         |  | 987 |  |  | 976 |  |  | 981 |  |
| Retained earnings                                                                                              |  | 1,523,433 |  |  | 1,381,471 |  |  | 1,453,348 |  |
|           Less shares in treasury at cost: June 2002, 39,011 |
|           June 2001, 38,716; December 2001, 39,011           |  | ( 660,422 | ) |  | ( 653,370 | ) |  | ( 660,422 | ) |
| Unearned compensation                                                                                          |  | ( 2,203 | ) |  | ( 502 | ) |  | ( 2,736 | ) |
| Accumulated   other   comprehensive   loss                                                                     |  | ( 73,455 | ) |  | ( 69,730 | ) |  | ( 71,233 | ) |
|                                                                                                                |  |  |
|           Total Stockholders' Equity                         |  | 788,340 |  |  | 658,845 |  |  | 719,938 |  |
|                                                                                                                |  |  |
| Total  Liabilities  and  Stockholders'  Equity                                                                 | $ | 1,713,572 |  | $ | 1,538,346 |  | $ | 1,543,173 |  |
|                                                                                                                |  |  |

The accompanying notes are an integral part of the condensed consolidated financialstatements. 

3**Reebok International Ltd.****Condensed Consolidated Statements of Income (Unaudited)**Three Months EndedSix Months EndedJune 30,June 30,Amounts in thousands, except per share data2002200120022001Net sales $ 717,429 $711,048 $ 1,453,415 $1,480,976Costs and expenses:          Cost of sales 440,292 449,899 902,142932,373          Selling, general and administrative expenses 236,407 227,554 450,046451,014          Special charges6,181(158)          Interest expense, net4,5504,095 7,9158,104          Other expense, net 565 9371,8065,900681,814 688,6661,361,9091,397,233Income before income taxes, minority interest and          cumulative effect of change in accounting principle 35,615 22,38291,50683,743Income taxes 11,041 6,93828,36825,960Income before minority interest and          cumulative effect of change in accounting principle 24,574 15,44463,13857,783Minority interest 91,306 1,5022,441Income before cumulative effect of change          in accounting principle 24,565 14,13861,63655,342Cumulative effect of change in accounting principle          (net of taxes), Note 1(5,070)Net income$  24,565 $ 14,138 $ 56,566 $55,342Basic earnings per share:Before cumulative effect of change          in accounting principle$.41$.24 $ 1.04 $.95Cumulative effect of change          in accounting principle(.09)Net income $ .41 $ .24 $.95 $.95Diluted earnings per share:Before cumulative effect of change          in accounting principle$ .39$ .24 $.96 $.90Cumulative effect of change          in accounting principle (.07)Net income $ .39 $ .24 $.89 $.90
Theaccompanying notes are an integral part of the condensed consolidated financialstatements. 

4**Reebok International Ltd.****Condensed Consolidated Statements of Cash Flows (Unaudited)**Six Months EndedJune 30,Amounts in thousands, except per share data20022001Cash flows from operating activities:Net income$56,566 $ 55,342Adjustments to reconcile net income to net cash     used for operating activities:          Depreciation and amortization 16,073 18,698          Minority interest 1,502 2,441          Deferred income taxes 5,359  2,128          Loss on sale of assets, net1,086          Cumulative effect of change in accounting principle5,070Changes in operating assets and liabilities exclusive of     changes arising from business acquisitions:          Accounts receivable ( 121,060)( 103,320)          Inventory( 29,525) ( 89,076)          Prepaid expenses and other ( 18,542) ( 6,554)          Accounts payable and accrued expenses 64,960 ( 5,040)          Dividends to minority shareholders( 2,543)( 8,215)          Income taxes payable7,05319,529                  Total adjustments ( 71,653) ( 168,323)Net cash used for operating activities( 15,087)( 112,981)Cash flows used for investing activities:          Payments to acquire property and equipment ( 12,060) ( 11,217)          Proceeds from sale of assets 18,092          Acquisition of minority interest in and purchase of certain              subsidiaries ( 18,832)Net cash used for investing activities ( 12,060) ( 11,957)Cash flows provided by financing activities:          Net borrowings (repayments) of notes payable to banks ( 414) 7,237          Net proceeds from issuance of convertible debentures 244,729          Net borrowings (repayments) of long-term debt490 ( 257,503)          Proceeds from issuance of common stock to employees8,852  19,787Net cash provided by financing activities 8,928 14,250Effect of exchange rate changes on cash and     cash equivelants24,328 ( 8,118)Net increase (decrease) in cash and cash equivalents 6,109 ( 118,806)Cash and cash equivalents at beginning of period 413,281 268,665Cash and cash equivalents at end of period  $ 419,390 $149,859Supplemental disclosures of cash flow information:Interest paid $ 11,778 $ 11,805Income taxes paid 17,381 4,710
Theaccompanying notes are an integral part of the condensed consolidated financialstatements. 

5Reebok International Ltd.Notes to Condensed Consolidated Financial Statements (Unaudited)(Dollar amounts in thousands, except per share data)1SUMMARY OF