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v3.22.1

Operating Segments (Tables) | 9 Months Ended
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Feb. 28, 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.
| THREE MONTHS ENDED FEBRUARY 28, |  | NINE MONTHS ENDED FEBRUARY 28,
(Dollars in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
REVENUES |  |  |  |  |  |  |
North America | $ | 3,882 |  |  | $ | 3,564 |  |  | $ | 13,238 |  |  | $ | 11,795 |
Europe, Middle East & Africa | 2,779 |  |  | 2,609 |  |  | 9,228 |  |  | 8,477 |
Greater China | 2,160 |  |  | 2,279 |  |  | 5,986 |  |  | 6,357 |
Asia Pacific & Latin America | 1,461 |  |  | 1,315 |  |  | 4,273 |  |  | 3,885 |
Global Brand Divisions | 41 |  |  | 6 |  |  | 54 |  |  | 18 |
Total NIKE Brand | 10,323 |  |  | 9,773 |  |  | 32,779 |  |  | 30,532 |
Converse | 567 |  |  | 570 |  |  | 1,753 |  |  | 1,609 |
Corporate | (19) |  |  | 14 |  |  | (56) |  |  | 53 |
TOTAL NIKE, INC. REVENUES | $ | 10,871 |  |  | $ | 10,357 |  |  | $ | 34,476 |  |  | $ | 32,194 |
EARNINGS BEFORE INTEREST AND TAXES |  |  |  |  |  |  |
North America | $ | 967 |  |  | $ | 970 |  |  | $ | 3,636 |  |  | $ | 3,295 |
Europe, Middle East & Africa | 713 |  |  | 533 |  |  | 2,394 |  |  | 1,885 |
Greater China | 784 |  |  | 973 |  |  | 2,054 |  |  | 2,552 |
Asia Pacific & Latin America | 478 |  |  | 408 |  |  | 1,347 |  |  | 1,112 |
Global Brand Divisions | (975) |  |  | (852) |  |  | (3,033) |  |  | (2,546) |
Converse | 168 |  |  | 150 |  |  | 504 |  |  | 405 |
Corporate | (412) |  |  | (482) |  |  | (1,460) |  |  | (1,697) |
Interest expense (income), net | 53 |  |  | 64 |  |  | 165 |  |  | 199 |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 1,670 |  |  | $ | 1,636 |  |  | $ | 5,277 |  |  | $ | 4,807 |
Reconciliation of Assets from Segment to Consolidated |
| FEBRUARY 28, |  | MAY 31,
(Dollars in millions) | 2022 |  | 2021
ACCOUNTS RECEIVABLE, NET |  |  |
North America | $ | 1,268 |  |  | $ | 1,777 |
Europe, Middle East & Africa | 1,189 |  |  | 1,349 |
Greater China | 359 |  |  | 288 |
Asia Pacific & Latin America(1) | 599 |  |  | 643 |
Global Brand Divisions | 106 |  |  | 128 |
Total NIKE Brand | 3,521 |  |  | 4,185 |
Converse | 256 |  |  | 225 |
Corporate | 50 |  |  | 53 |
TOTAL ACCOUNTS RECEIVABLE, NET | $ | 3,827 |  |  | $ | 4,463 |
INVENTORIES |  |  |
North America | $ | 3,541 |  |  | $ | 2,851 |
Europe, Middle East & Africa | 1,737 |  |  | 1,821 |
Greater China | 1,105 |  |  | 1,247 |
Asia Pacific & Latin America(1) | 721 |  |  | 667 |
Global Brand Divisions | 208 |  |  | 153 |
Total NIKE Brand | 7,312 |  |  | 6,739 |
Converse | 264 |  |  | 290 |
Corporate | 124 |  |  | (175) |
TOTAL INVENTORIES | $ | 7,700 |  |  | $ | 6,854 |
| FEBRUARY 28, |  | MAY 31,
(Dollars in millions) | 2022 |  | 2021
PROPERTY, PLANT AND EQUIPMENT, NET |  |  |
North America | $ | 617 |  |  | $ | 617 |
Europe, Middle East & Africa | 929 |  |  | 982 |
Greater China | 319 |  |  | 288 |
Asia Pacific & Latin America(1) | 284 |  |  | 304 |
Global Brand Divisions | 793 |  |  | 780 |
Total NIKE Brand | 2,942 |  |  | 2,971 |
Converse | 52 |  |  | 63 |
Corporate | 1,812 |  |  | 1,870 |
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET | $ | 4,806 |  |  | $ | 4,904 |
(1)Excludes assets held-for-sale as of February 28, 2022 and May 31, 2021. See Note 13 — Acquisitions and Divestitures for additional information.

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