How do I re-organise my list of folders?

How do I re-organise my list of folders?
The Navigation Pane contains all of your mail folders.
Create folders:
Right-click any item in the Navigation Pane, and select New Folder. Folders will be created as subfolders of the item that you right-clicked by default.
Delete folders:
Right-click the folder, and select Delete. This will remove any messages in the folder, so ensure
there are no important emails in the folder before it is deleted.
Rearrange folders:
Click and drag the folder you would like to move. The parent folder will be highlighted as you move
around the Navigation Pane. When you release the mouse button, your folder will be placed in the
highlighted folder.