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Long-Term Debt (Details) | 9 Months Ended |  |
--- | --- | --- | ---
Feb. 29, 2016 USD ($) | Feb. 29, 2016 JPY (¥) | May. 31, 2015 USD ($)
Debt Instrument [Line Items] |  |  |  |
Long-term debt |  | $ 2,055,000,000 |  | $ 1,186,000,000
Less current maturities |  | 7,000,000 |  | 107,000,000
TOTAL LONG-TERM DEBT |  | $ 2,048,000,000 |  | 1,079,000,000
Corporate Bond 5.15% Due October 15, 2015 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | Oct. 15, 2015 |  |
Corporate Bond 2.25% Due May 1, 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | May 01, 2023 |  |
Corporate Bond 3.63% Due May 1, 2043 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | May 01, 2043 |  |
Corporate Bond, 3.88%, Due November 1, 2045 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | Nov. 01, 2045 |  |
Promissory Note 6.20 % Due April 1, 2017 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | Apr. 01, 2017 |  |
Promissory Note 6.79% Due January 1, 2018 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | Jan. 01, 2018 |  |
Japanese Yen Note 2.6% Maturing August 20, 2001 Through November 20, 2020 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | Nov. 20, 2020 |  |
Japanese Yen Note 2.0% Maturing August 20, 2001 Through November 20, 2020 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt Instrument, Maturity Date |  | Nov. 20, 2020 |  |
Corporate Bond Payable | Corporate Bond 5.15% Due October 15, 2015 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | [1],[2] | $ 100,000,000 |  |
Interest Rate | [1],[2] | 5.15% | 5.15% |
Interest Payments | [1],[2] | Semi-Annually |  |
Long-term debt | [1],[2] | $ 0 |  | 101,000,000
Corporate Bond Payable | Corporate Bond 2.25% Due May 1, 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | [2],[3] | $ 500,000,000 |  |
Interest Rate | [2],[3] | 2.25% | 2.25% |
Interest Payments | [2],[3] | Semi-Annually |  |
Long-term debt | [2],[3] | $ 499,000,000 |  | 499,000,000
Corporate Bond Payable | Corporate Bond 3.63% Due May 1, 2043 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | [2],[3] | $ 500,000,000 |  |
Interest Rate | [2],[3] | 3.63% | 3.63% |
Interest Payments | [2],[3] | Semi-Annually |  |
Long-term debt | [2],[3] | $ 499,000,000 |  | 499,000,000
Corporate Bond Payable | Corporate Bond, 3.88%, Due November 1, 2045 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | [2],[4] | $ 1,000,000,000 |  |
Interest Rate | [2],[4] | 3.875% | 3.875% |
Interest Payments | [2],[4] | Semi-Annually |  |
Long-term debt | [2],[4] | $ 991,000,000 |  | 0
Notes Payable | Promissory Note 6.20 % Due April 1, 2017 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | [5] | $ 40,000,000 |  |
Interest Rate | [5] | 6.20% | 6.20% |
Interest Payments | [5] | Monthly |  |
Long-term debt | [5] | $ 38,000,000 |  | 39,000,000
Notes Payable | Promissory Note 6.79% Due January 1, 2018 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | [5] | $ 19,000,000 |  |
Interest Rate | [5] | 6.79% | 6.79% |
Interest Payments | [5] | Monthly |  |
Long-term debt | [5] | $ 0 |  | 19,000,000
Notes Payable | Japanese Yen Note 2.6% Maturing August 20, 2001 Through November 20, 2020 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | ¥ | [6] |  | ¥ 9,000,000,000 |
Interest Rate | [6] | 2.60% | 2.60% |
Interest Payments | [6] | Quarterly |  |
Long-term debt | [6] | $ 19,000,000 |  | 20,000,000
Notes Payable | Japanese Yen Note 2.0% Maturing August 20, 2001 Through November 20, 2020 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Original Principal | ¥ | [6] |  | ¥ 4,000,000,000 |
Interest Rate | [6] | 2.00% | 2.00% |
Interest Payments | [6] | Quarterly |  |
Long-term debt | [6] | $ 9,000,000 |  | $ 9,000,000
[1] | The Company had entered into interest rate swap agreements whereby the Company received fixed interest payments at the same rate as the note and paid variable interest payments based on the six-month LIBOR plus a spread. The swaps had the same notional amount and maturity date as the corresponding note. On October 15, 2015, the Company repaid the long-term debt which had previously been hedged with these interest rate swaps. Accordingly, as of February 29, 2016, the Company had no interest rate swaps designated as fair value hedges.
[2] | These senior unsecured obligations rank equally with the Company's other unsecured and unsubordinated indebtedness.
[3] | The bonds are redeemable at the Company's option prior to February 1, 2023 and November 1, 2042, respectively, at a price equal to the greater of (i) 100% of the aggregate principal amount of the notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Subsequent to February 1, 2023 and November 1, 2042, respectively, the bonds also feature a par call provision, which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest.
[4] | The bonds are redeemable at the Company's option prior to May 1, 2045, at a price equal to the greater of (i) 100% of the aggregate principal amount of the notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Subsequent to May 1, 2045, the bonds also feature a par call provision, which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest.
[5] | The Company assumed a total of $59 million in bonds payable as part of its agreement to purchase certain Corporate properties; this was treated as a non-cash financing transaction. The property serves as collateral for the debt. The purchase of these properties was accounted for as a business combination where the total consideration of $85 million was allocated to the land and buildings acquired; no other tangible or intangible assets or liabilities resulted from the purchase. The bonds mature in 2017 and 2018 and the Company does not have the ability to re-negotiate the terms of the debt agreements and would incur significant financial penalties if the notes were paid-off prior to maturity. During the three months ended February 29, 2016, the notes due January 1, 2018 were legally defeased and an insignificant loss on defeasance was recognized.
[6] | NIKE Logistics YK assumed a total of ¥13 billion in loans as part of its agreement to purchase a distribution center in Japan, which serves as collateral for the loans. These loans mature in equal quarterly installments during the period August 20, 2001 through November 20, 2020.

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