XML 79 R44.htm IDEA: XBRL DOCUMENT
v3.24.2

OPERATING SEGMENTS AND RELATED INFORMATION (Tables) | 12 Months Ended
--- | ---
May 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| YEAR ENDED MAY 31,
(Dollars in millions) | 2024 | 2023 | 2022
REVENUES |  |  |
North America | $ | 21,396 |  | $ | 21,608 |  | $ | 18,353 |
Europe, Middle East & Africa | 13,607 |  | 13,418 |  | 12,479 |
Greater China | 7,545 |  | 7,248 |  | 7,547 |
Asia Pacific & Latin America | 6,729 |  | 6,431 |  | 5,955 |
Global Brand Divisions | 45 |  | 58 |  | 102 |
Total NIKE Brand | 49,322 |  | 48,763 |  | 44,436 |
Converse | 2,082 |  | 2,427 |  | 2,346 |
Corporate | (42) |  | 27 |  | (72) |
TOTAL NIKE, INC. REVENUES | $ | 51,362 |  | $ | 51,217 |  | $ | 46,710 |
EARNINGS BEFORE INTEREST AND TAXES |  |  |
North America | $ | 5,822 |  | $ | 5,454 |  | $ | 5,114 |
Europe, Middle East & Africa | 3,388 |  | 3,531 |  | 3,293 |
Greater China | 2,309 |  | 2,283 |  | 2,365 |
Asia Pacific & Latin America | 1,885 |  | 1,932 |  | 1,896 |
Global Brand Divisions | (4,720) |  | (4,841) |  | (4,262) |
Converse | 474 |  | 676 |  | 669 |
Corporate | (2,619) |  | (2,840) |  | (2,219) |
Interest expense (income), net | (161) |  | (6) |  | 205 |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 6,700 |  | $ | 6,201 |  | $ | 6,651 |
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT |  |  |
North America | $ | 102 |  | $ | 283 |  | $ | 146 |
Europe, Middle East & Africa | 206 |  | 215 |  | 197 |
Greater China | 27 |  | 56 |  | 78 |
Asia Pacific & Latin America | 75 |  | 64 |  | 56 |
Global Brand Divisions | 233 |  | 271 |  | 222 |
Total NIKE Brand | 643 |  | 889 |  | 699 |
Converse | 7 |  | 7 |  | 9 |
Corporate | 72 |  | 140 |  | 103 |
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT | $ | 722 |  | $ | 1,036 |  | $ | 811 |
DEPRECIATION |  |  |
North America | $ | 152 |  | $ | 128 |  | $ | 124 |
Europe, Middle East & Africa | 146 |  | 120 |  | 134 |
Greater China | 56 |  | 54 |  | 41 |
Asia Pacific & Latin America | 51 |  | 42 |  | 42 |
Global Brand Divisions | 236 |  | 211 |  | 220 |
Total NIKE Brand | 641 |  | 555 |  | 561 |
Converse | 17 |  | 17 |  | 22 |
Corporate | 138 |  | 131 |  | 134 |
TOTAL DEPRECIATION | $ | 796 |  | $ | 703 |  | $ | 717 |
Reconciliation of Assets from Segment to Consolidated |
| AS OF MAY 31,
(Dollars in millions) | 2024 | 2023
ACCOUNTS RECEIVABLE, NET |  |
North America | $ | 1,723 |  | $ | 1,653 |
Europe, Middle East & Africa | 1,239 |  | 1,197 |
Greater China | 327 |  | 162 |
Asia Pacific & Latin America | 792 |  | 700 |
Global Brand Divisions | 103 |  | 96 |
Total NIKE Brand | 4,184 |  | 3,808 |
Converse | 201 |  | 235 |
Corporate | 42 |  | 88 |
TOTAL ACCOUNTS RECEIVABLE, NET | $ | 4,427 |  | $ | 4,131 |
INVENTORIES |  |
North America | $ | 3,134 |  | $ | 3,806 |
Europe, Middle East & Africa | 2,028 |  | 2,167 |
Greater China | 1,070 |  | 973 |
Asia Pacific & Latin America | 810 |  | 894 |
Global Brand Divisions | 166 |  | 232 |
Total NIKE Brand | 7,208 |  | 8,072 |
Converse | 296 |  | 305 |
Corporate | 15 |  | 77 |
TOTAL INVENTORIES | $ | 7,519 |  | $ | 8,454 |
PROPERTY, PLANT AND EQUIPMENT, NET |  |
North America | $ | 744 |  | $ | 794 |
Europe, Middle East & Africa | 1,089 |  | 1,009 |
Greater China | 258 |  | 292 |
Asia Pacific & Latin America | 282 |  | 279 |
Global Brand Divisions | 842 |  | 840 |
Total NIKE Brand | 3,215 |  | 3,214 |
Converse | 27 |  | 38 |
Corporate | 1,758 |  | 1,829 |
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET | $ | 5,000 |  | $ | 5,081 |
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) | 2024 | 2023
United States | $ | 4,837 |  | $ | 5,129 |
Belgium | 757 |  | 702 |
China | 501 |  | 559 |
Other | 1,623 |  | 1,614 |
TOTAL LONG-LIVED ASSETS | $ | 7,718 |  | $ | 8,004 |

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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