XML 48 R24.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenues | 12 Months Ended
--- | ---
May 31, 2020
Revenue from Contract with Customer [Abstract] |
Revenues |
NOTE 16 — REVENUES
DISAGGREGATION OF REVENUES The following tables present the Company's revenues disaggregated by reportable operating segment, major product line and by distribution channel:
| YEAR ENDED MAY 31, 2020
(Dollars in millions) | NORTH AMERICA |  | EUROPE, MIDDLE EAST & AFRICA |  | GREATER CHINA |  | ASIA PACIFIC & LATIN AMERICA |  | GLOBAL BRAND DIVISIONS |  | TOTAL NIKE BRAND |  | CONVERSE |  | CORPORATE |  | TOTAL NIKE, INC. |
Revenues by: |  |  |  |  |  |  |  |  |
Footwear | $ | 9,329 |  | $ | 5,892 |  | $ | 4,635 |  | $ | 3,449 |  | $ | — |  | $ | 23,305 |  | $ | 1,642 |  | $ | — |  | $ | 24,947 |
Apparel | 4,639 |  | 3,053 |  | 1,896 |  | 1,365 |  | — |  | 10,953 |  | 89 |  | — |  | 11,042 |
Equipment | 516 |  | 402 |  | 148 |  | 214 |  | — |  | 1,280 |  | 25 |  | — |  | 1,305 |
Other | — |  | — |  | — |  | — |  | 30 |  | 30 |  | 90 |  | (11 | ) | 109 |
TOTAL REVENUES | $ | 14,484 |  | $ | 9,347 |  | $ | 6,679 |  | $ | 5,028 |  | $ | 30 |  | $ | 35,568 |  | $ | 1,846 |  | $ | (11 | ) | $ | 37,403 |
Revenues by: |  |  |  |  |  |  |  |  |
Sales to Wholesale Customers | $ | 9,371 |  | $ | 6,574 |  | $ | 3,803 |  | $ | 3,408 |  | $ | — |  | $ | 23,156 |  | $ | 1,154 |  | $ | — |  | $ | 24,310 |
Sales through Direct to Consumer | 5,113 |  | 2,773 |  | 2,876 |  | 1,620 |  | — |  | 12,382 |  | 602 |  | — |  | 12,984 |
Other | — |  | — |  | — |  | — |  | 30 |  | 30 |  | 90 |  | (11 | ) | 109 |
TOTAL REVENUES | $ | 14,484 |  | $ | 9,347 |  | $ | 6,679 |  | $ | 5,028 |  | $ | 30 |  | $ | 35,568 |  | $ | 1,846 |  | $ | (11 | ) | $ | 37,403 |
| YEAR ENDED MAY 31, 2019
(Dollars in millions) | NORTH AMERICA |  | EUROPE, MIDDLE EAST & AFRICA |  | GREATER CHINA |  | ASIA PACIFIC & LATIN AMERICA |  | GLOBAL BRAND DIVISIONS |  | TOTAL NIKE BRAND |  | CONVERSE |  | CORPORATE |  | TOTAL NIKE, INC. |
Revenues by: |  |  |  |  |  |  |  |  |
Footwear | $ | 10,045 |  | $ | 6,293 |  | $ | 4,262 |  | $ | 3,622 |  | $ | — |  | $ | 24,222 |  | $ | 1,658 |  | $ | — |  | $ | 25,880 |
Apparel | 5,260 |  | 3,087 |  | 1,808 |  | 1,395 |  | — |  | 11,550 |  | 118 |  | — |  | 11,668 |
Equipment | 597 |  | 432 |  | 138 |  | 237 |  | — |  | 1,404 |  | 24 |  | — |  | 1,428 |
Other | — |  | — |  | — |  | — |  | 42 |  | 42 |  | 106 |  | (7 | ) | 141 |
TOTAL REVENUES | $ | 15,902 |  | $ | 9,812 |  | $ | 6,208 |  | $ | 5,254 |  | $ | 42 |  | $ | 37,218 |  | $ | 1,906 |  | $ | (7 | ) | $ | 39,117 |
Revenues by: |  |  |  |  |  |  |  |  |
Sales to Wholesale Customers | $ | 10,875 |  | $ | 7,076 |  | $ | 3,726 |  | $ | 3,746 |  | $ | — |  | $ | 25,423 |  | $ | 1,247 |  | $ | — |  | $ | 26,670 |
Sales through Direct to Consumer | 5,027 |  | 2,736 |  | 2,482 |  | 1,508 |  | — |  | 11,753 |  | 553 |  | — |  | 12,306 |
Other | — |  | — |  | — |  | — |  | 42 |  | 42 |  | 106 |  | (7 | ) | 141 |
TOTAL REVENUES | $ | 15,902 |  | $ | 9,812 |  | $ | 6,208 |  | $ | 5,254 |  | $ | 42 |  | $ | 37,218 |  | $ | 1,906 |  | $ | (7 | ) | $ | 39,117 |
For the fiscal years ended May 31, 2020 and 2019, Other revenues for Global Brand Divisions and Converse were primarily attributable to licensing businesses. For the fiscal years ended May 31, 2020 and 2019, Other revenues for Corporate primarily consisted of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse but managed through the Company's central foreign exchange risk management program. As of May 31, 2020 and 2019, the Company did not have any contract assets and had an immaterial amount of contract liabilities recorded in Accrued Liabilities on the Consolidated Balance Sheets. SALES-RELATED RESERVES At May 31, 2020 and May 31, 2019, the Company's sales-related reserve balance, which includes returns, post-invoice sales discounts and miscellaneous claims, was $1,178 million and $1,218 million, respectively, recorded in Accrued liabilities on the Consolidated Balance Sheets. The estimated cost of inventory for expected product returns was $313 million and $410 million as of May 31, 2020 and May 31, 2019, respectively, and was recorded in Prepaid expenses and other current assets on the Consolidated Balance Sheets. MAJOR CUSTOMERS No customer accounted for 10% or more of the Company's consolidated net Revenues during the fiscal years ended May 31, 2020, 2019 and 2018.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration