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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Nov. 30, 2014
Accounting Policies [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following are selected line items from the Company's Unaudited Condensed Consolidated Financial Statements illustrating the effect of these corrections and the correction of other immaterial errors:
|  | NIKE, Inc. Unaudited Condensed Consolidated Statements of Income
|  | Three Months Ended November 30, 2013 |  | Six Months Ended November 30, 2013
(In millions, except per share data) |  | As Reported |  | Adjustment |  | As Revised |  | As Reported |  | Adjustment |  | As Revised
Total selling and administrative expense |  | $ | 2,088 |  |  | $ | 3 |  |  | $ | 2,091 |  |  | $ | 4,144 |  |  | $ | 5 |  |  | $ | 4,149 |
Income before income taxes |  | 717 |  |  | (3 | ) |  | 714 |  |  | 1,757 |  |  | (5 | ) |  | 1,752 |
Income tax expense |  | 180 |  |  | — |  |  | 180 |  |  | 440 |  |  | (1 | ) |  | 439 |
NET INCOME |  | $ | 537 |  |  | $ | (3 | ) |  | $ | 534 |  |  | $ | 1,317 |  |  | $ | (4 | ) |  | $ | 1,313 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.60 |  |  | $ | — |  |  | $ | 0.60 |  |  | $ | 1.48 |  |  | $ | — |  |  | $ | 1.48 |
Diluted |  | $ | 0.59 |  |  | $ | — |  |  | $ | 0.59 |  |  | $ | 1.45 |  |  | $ | (0.01 | ) |  | $ | 1.44 |
|  | NIKE, Inc. Unaudited Condensed Consolidated Statements of Comprehensive Income
|  | Three Months Ended November 30, 2013 |  | Six Months Ended November 30, 2013
(In millions) |  | As Reported |  | Adjustment |  | As Revised |  | As Reported |  | Adjustment |  | As Revised
Net income |  | $ | 537 |  |  | $ | (3 | ) |  | $ | 534 |  |  | $ | 1,317 |  |  | $ | (4 | ) |  | $ | 1,313 |
TOTAL COMPREHENSIVE INCOME |  | $ | 450 |  |  | $ | (3 | ) |  | $ | 447 |  |  | $ | 1,133 |  |  | $ | (4 | ) |  | $ | 1,129 |
|  | NIKE, Inc. Unaudited Condensed Consolidated Statements of Cash Flows
|  | Six Months Ended November 30, 2013
(In millions) |  | As Reported |  | Adjustment |  | As Revised
Cash provided by operations: |  |  |  |  |  |
Net income |  | $ | 1,317 |  |  | $ | (4 | ) |  | $ | 1,313 |
Income charges (credits) not affecting cash: |  |  |  |  |  |
Deferred income taxes |  | 23 |  |  | 1 |  |  | 24 |
Amortization and other |  | 54 |  |  | (3 | ) |  | 51 |
(Increase) in inventories |  | (280 | ) |  | 3 |  |  | (277 | )
(Decrease) in accounts payable, accrued liabilities and income taxes |  | (305 | ) |  | 22 |  |  | (283 | )
Cash provided by operations |  | 929 |  |  | 19 |  |  | 948 |
Cash used by investing activities: |  |  |  |  |  |
Purchases of short-term investments |  | (2,759 | ) |  | (89 | ) |  | (2,848 | )
Maturities of short-term investments |  | 1,602 |  |  | 60 |  |  | 1,662 |
Sales of short-term investments |  | 517 |  |  | 29 |  |  | 546 |
Additions to property, plant and equipment |  | (428 | ) |  | (21 | ) |  | (449 | )
(Increase) in other assets, net of other liabilities |  | (10 | ) |  | 9 |  |  | (1 | )
Cash used by investing activities |  | (1,177 | ) |  | (12 | ) |  | (1,189 | )
Cash used by financing activities: |  |  |  |  |  |
(Decrease) increase in notes payable |  | 66 |  |  | (7 | ) |  | 59 |
Cash used by financing activities |  | (990 | ) |  | (7 | ) |  | (997 | )
Net increase (decrease) in cash and equivalents |  | (1,251 | ) |  | — |  |  | (1,251 | )
Cash and equivalents, beginning of period |  | 3,337 |  |  | — |  |  | 3,337 |
CASH AND EQUIVALENTS, END OF PERIOD |  | $ | 2,086 |  |  | $ | — |  |  | $ | 2,086 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22663-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22658-107794 + Details
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