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Operating Segments and Related Information (Tables) | 12 Months Ended
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May 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Accounts receivable, net, Inventories and Property, plant and equipment, net for operating segments are regularly reviewed by management and are therefore provided below.
| YEAR ENDED MAY 31,
(Dollars in millions) | 2022 | 2021 | 2020
REVENUES |  |  |
North America | $ | 18,353 |  | $ | 17,179 |  | $ | 14,484 |
Europe, Middle East & Africa | 12,479 |  | 11,456 |  | 9,347 |
Greater China | 7,547 |  | 8,290 |  | 6,679 |
Asia Pacific & Latin America | 5,955 |  | 5,343 |  | 5,028 |
Global Brand Divisions | 102 |  | 25 |  | 30 |
Total NIKE Brand | 44,436 |  | 42,293 |  | 35,568 |
Converse | 2,346 |  | 2,205 |  | 1,846 |
Corporate | (72) |  | 40 |  | (11) |
TOTAL NIKE, INC. REVENUES | $ | 46,710 |  | $ | 44,538 |  | $ | 37,403 |
EARNINGS BEFORE INTEREST AND TAXES |  |  |
North America | $ | 5,114 |  | $ | 5,089 |  | $ | 2,899 |
Europe, Middle East & Africa | 3,293 |  | 2,435 |  | 1,541 |
Greater China | 2,365 |  | 3,243 |  | 2,490 |
Asia Pacific & Latin America | 1,896 |  | 1,530 |  | 1,184 |
Global Brand Divisions | (4,262) |  | (3,656) |  | (3,468) |
Converse | 669 |  | 543 |  | 297 |
Corporate | (2,219) |  | (2,261) |  | (1,967) |
Interest expense (income), net | 205 |  | 262 |  | 89 |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 6,651 |  | $ | 6,661 |  | $ | 2,887 |
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT |  |  |
North America | $ | 146 |  | $ | 98 |  | $ | 110 |
Europe, Middle East & Africa | 197 |  | 153 |  | 139 |
Greater China | 78 |  | 94 |  | 28 |
Asia Pacific & Latin America | 56 |  | 54 |  | 41 |
Global Brand Divisions | 222 |  | 278 |  | 438 |
Total NIKE Brand | 699 |  | 677 |  | 756 |
Converse | 9 |  | 7 |  | 12 |
Corporate | 103 |  | 107 |  | 356 |
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT | $ | 811 |  | $ | 791 |  | $ | 1,124 |
DEPRECIATION |  |  |
North America | $ | 124 |  | $ | 130 |  | $ | 148 |
Europe, Middle East & Africa | 134 |  | 136 |  | 132 |
Greater China | 41 |  | 46 |  | 44 |
Asia Pacific & Latin America | 42 |  | 43 |  | 46 |
Global Brand Divisions | 220 |  | 222 |  | 214 |
Total NIKE Brand | 561 |  | 577 |  | 584 |
Converse | 22 |  | 26 |  | 25 |
Corporate | 134 |  | 141 |  | 112 |
TOTAL DEPRECIATION | $ | 717 |  | $ | 744 |  | $ | 721 |
Reconciliation of Assets from Segment to Consolidated |
| AS OF MAY 31,
(Dollars in millions) | 2022 | 2021
ACCOUNTS RECEIVABLE, NET |  |
North America | $ | 1,850 |  | $ | 1,777 |
Europe, Middle East & Africa | 1,351 |  | 1,349 |
Greater China | 406 |  | 288 |
Asia Pacific & Latin America(1) | 664 |  | 643 |
Global Brand Divisions | 113 |  | 128 |
Total NIKE Brand | 4,384 |  | 4,185 |
Converse | 230 |  | 225 |
Corporate | 53 |  | 53 |
TOTAL ACCOUNTS RECEIVABLE, NET | $ | 4,667 |  | $ | 4,463 |
INVENTORIES |  |
North America | $ | 4,098 |  | $ | 2,851 |
Europe, Middle East & Africa | 1,887 |  | 1,821 |
Greater China | 1,044 |  | 1,247 |
Asia Pacific & Latin America(1) | 686 |  | 667 |
Global Brand Divisions | 197 |  | 153 |
Total NIKE Brand | 7,912 |  | 6,739 |
Converse | 279 |  | 290 |
Corporate | 229 |  | (175) |
TOTAL INVENTORIES | $ | 8,420 |  | $ | 6,854 |
PROPERTY, PLANT AND EQUIPMENT, NET |  |
North America | $ | 639 |  | $ | 617 |
Europe, Middle East & Africa | 920 |  | 982 |
Greater China | 303 |  | 288 |
Asia Pacific & Latin America(1) | 274 |  | 304 |
Global Brand Divisions | 789 |  | 780 |
Total NIKE Brand | 2,925 |  | 2,971 |
Converse | 49 |  | 63 |
Corporate | 1,817 |  | 1,870 |
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET | $ | 4,791 |  | $ | 4,904 |
(1)Excludes assets held-for-sale as of May 31, 2022 and 2021. See Note 20 — Acquisitions and Divestitures for additional information.
Long-lived Assets by Geographic Areas | Long-lived assets attributable to operations in these countries, which consist of property, plant and equipment, net and operating lease ROU assets, net, were as follows:
| MAY 31,
(Dollars in millions) | 2022 | 2021
United States | $ | 4,916 |  | $ | 4,927 |
Belgium | 646 |  | 676 |
China | 538 |  | 518 |

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