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Operating Segments and Related Information (Tables) | 12 Months Ended
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May 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| YEAR ENDED MAY 31,
(Dollars in millions) | 2023 | 2022 | 2021
REVENUES |  |  |
North America | $ | 21,608 |  | $ | 18,353 |  | $ | 17,179 |
Europe, Middle East & Africa | 13,418 |  | 12,479 |  | 11,456 |
Greater China | 7,248 |  | 7,547 |  | 8,290 |
Asia Pacific & Latin America | 6,431 |  | 5,955 |  | 5,343 |
Global Brand Divisions | 58 |  | 102 |  | 25 |
Total NIKE Brand | 48,763 |  | 44,436 |  | 42,293 |
Converse | 2,427 |  | 2,346 |  | 2,205 |
Corporate | 27 |  | (72) |  | 40 |
TOTAL NIKE, INC. REVENUES | $ | 51,217 |  | $ | 46,710 |  | $ | 44,538 |
EARNINGS BEFORE INTEREST AND TAXES |  |  |
North America | $ | 5,454 |  | $ | 5,114 |  | $ | 5,089 |
Europe, Middle East & Africa | 3,531 |  | 3,293 |  | 2,435 |
Greater China | 2,283 |  | 2,365 |  | 3,243 |
Asia Pacific & Latin America | 1,932 |  | 1,896 |  | 1,530 |
Global Brand Divisions | (4,841) |  | (4,262) |  | (3,656) |
Converse | 676 |  | 669 |  | 543 |
Corporate | (2,840) |  | (2,219) |  | (2,261) |
Interest expense (income), net | (6) |  | 205 |  | 262 |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 6,201 |  | $ | 6,651 |  | $ | 6,661 |
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT |  |  |
North America | $ | 283 |  | $ | 146 |  | $ | 98 |
Europe, Middle East & Africa | 215 |  | 197 |  | 153 |
Greater China | 56 |  | 78 |  | 94 |
Asia Pacific & Latin America | 64 |  | 56 |  | 54 |
Global Brand Divisions | 271 |  | 222 |  | 278 |
Total NIKE Brand | 889 |  | 699 |  | 677 |
Converse | 7 |  | 9 |  | 7 |
Corporate | 140 |  | 103 |  | 107 |
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT | $ | 1,036 |  | $ | 811 |  | $ | 791 |
DEPRECIATION |  |  |
North America | $ | 128 |  | $ | 124 |  | $ | 130 |
Europe, Middle East & Africa | 120 |  | 134 |  | 136 |
Greater China | 54 |  | 41 |  | 46 |
Asia Pacific & Latin America | 42 |  | 42 |  | 43 |
Global Brand Divisions | 211 |  | 220 |  | 222 |
Total NIKE Brand | 555 |  | 561 |  | 577 |
Converse | 17 |  | 22 |  | 26 |
Corporate | 131 |  | 134 |  | 141 |
TOTAL DEPRECIATION | $ | 703 |  | $ | 717 |  | $ | 744 |
Reconciliation of Assets from Segment to Consolidated |
| AS OF MAY 31,
(Dollars in millions) | 2023 | 2022
ACCOUNTS RECEIVABLE, NET |  |
North America | $ | 1,653 |  | $ | 1,850 |
Europe, Middle East & Africa | 1,197 |  | 1,351 |
Greater China | 162 |  | 406 |
Asia Pacific & Latin America(1) | 700 |  | 664 |
Global Brand Divisions | 96 |  | 113 |
Total NIKE Brand | 3,808 |  | 4,384 |
Converse | 235 |  | 230 |
Corporate | 88 |  | 53 |
TOTAL ACCOUNTS RECEIVABLE, NET | $ | 4,131 |  | $ | 4,667 |
INVENTORIES |  |
North America | $ | 3,806 |  | $ | 4,098 |
Europe, Middle East & Africa | 2,167 |  | 1,887 |
Greater China | 973 |  | 1,044 |
Asia Pacific & Latin America(1) | 894 |  | 686 |
Global Brand Divisions | 232 |  | 197 |
Total NIKE Brand | 8,072 |  | 7,912 |
Converse | 305 |  | 279 |
Corporate | 77 |  | 229 |
TOTAL INVENTORIES | $ | 8,454 |  | $ | 8,420 |
PROPERTY, PLANT AND EQUIPMENT, NET |  |
North America | $ | 794 |  | $ | 639 |
Europe, Middle East & Africa | 1,009 |  | 920 |
Greater China | 292 |  | 303 |
Asia Pacific & Latin America(1) | 279 |  | 274 |
Global Brand Divisions | 840 |  | 789 |
Total NIKE Brand | 3,214 |  | 2,925 |
Converse | 38 |  | 49 |
Corporate | 1,829 |  | 1,817 |
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET | $ | 5,081 |  | $ | 4,791 |
(1)Excludes assets held-for-sale as of May 31, 2022. See Note 18 — 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) | 2023 | 2022
United States | $ | 5,129 |  | $ | 4,916 |
Belgium | 702 |  | 646 |
China | 559 |  | 538 |

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