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SEGMENT INFORMATION (Tables) | 12 Months Ended
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May 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| YEAR ENDED MAY 31, 2025
(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 | $ | 19,572 |  | $ | 12,257 |  | $ | 6,586 |  | $ | 6,251 |  | $ | 48 |  | $ | 44,714 |  | $ | 1,692 |  | $ | (97) |  | $ | 46,309 |
Cost of Sales | 11,056 |  | 6,967 |  | 3,558 |  | 3,502 |  | 634 |  | 25,717 |  | 868 |  | (66) |  | 26,519 |
Gross profit | 8,516 |  | 5,290 |  | 3,028 |  | 2,749 |  | (586) |  | 18,997 |  | 824 |  | (31) |  | 19,790 |
Demand creation expense | 1,633 |  | 1,222 |  | 529 |  | 421 |  | 716 |  | 4,521 |  | 156 |  | 12 |  | 4,689 |
Operating overhead expense | 2,150 |  | 1,479 |  | 973 |  | 804 |  | 3,401 |  | 8,807 |  | 430 |  | 2,162 |  | 11,399 |
Total selling and administrative expense | 3,783 |  | 2,701 |  | 1,502 |  | 1,225 |  | 4,117 |  | 13,328 |  | 586 |  | 2,174 |  | 16,088 |
Other segment items(1) | (2) |  | 14 |  | (76) |  | (3) |  | (4) |  | (71) |  | (2) |  | (3) |  | (76) |
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 4,735 |  | $ | 2,575 |  | $ | 1,602 |  | $ | 1,527 |  | $ | (4,699) |  | $ | 5,740 |  | $ | 240 |  | $ | (2,202) |  |
Interest expense (income), net |  |  |  |  |  |  |  |  | (107) |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES |  |  |  |  |  |  |  |  | $ | 3,885 |
Supplemental information: |  |  |  |  |  |  |  |  |
Depreciation and amortization(2) | $ | 157 |  | 143 |  | 49 |  | 50 |  | 237 |  | 636 |  | 14 |  | 125 |  | $ | 775 |
Inventories | $ | 3,198 |  | 2,042 |  | 951 |  | 905 |  | 148 |  | 7,244 |  | 272 |  | (27) |  | $ | 7,489 |
(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments. (2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
| YEAR ENDED MAY 31, 2024
(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 | $ | 21,396 |  | $ | 13,607 |  | $ | 7,545 |  | $ | 6,729 |  | $ | 45 |  | $ | 49,322 |  | $ | 2,082 |  | $ | (42) |  | $ | 51,362 |
Cost of Sales | 11,899 |  | 7,589 |  | 3,761 |  | 3,639 |  | 602 |  | 27,490 |  | 989 |  | (4) |  | 28,475 |
Gross profit | 9,497 |  | 6,018 |  | 3,784 |  | 3,090 |  | (557) |  | 21,832 |  | 1,093 |  | (38) |  | 22,887 |
Demand creation expense | 1,495 |  | 1,114 |  | 519 |  | 407 |  | 596 |  | 4,131 |  | 140 |  | 14 |  | 4,285 |
Operating overhead expense | 2,189 |  | 1,517 |  | 1,019 |  | 801 |  | 3,534 |  | 9,060 |  | 485 |  | 2,746 |  | 12,291 |
Total selling and administrative expense | 3,684 |  | 2,631 |  | 1,538 |  | 1,208 |  | 4,130 |  | 13,191 |  | 625 |  | 2,760 |  | 16,576 |
Other segment items(1) | (9) |  | (1) |  | (63) |  | (3) |  | 33 |  | (43) |  | (6) |  | (179) |  | (228) |
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 5,822 |  | $ | 3,388 |  | $ | 2,309 |  | $ | 1,885 |  | $ | (4,720) |  | $ | 8,684 |  | $ | 474 |  | $ | (2,619) |  |
Interest expense (income), net |  |  |  |  |  |  |  |  | (161) |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES |  |  |  |  |  |  |  |  | $ | 6,700 |
Supplemental information: |  |  |  |  |  |  |  |  |
Depreciation and amortization(2) | $ | 152 |  | 146 |  | 56 |  | 51 |  | 236 |  | 641 |  | 17 |  | 138 |  | $ | 796 |
Inventories | $ | 3,134 |  | 2,028 |  | 1,070 |  | 810 |  | 166 |  | 7,208 |  | 296 |  | 15 |  | $ | 7,519 |
(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments. (2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
| YEAR ENDED MAY 31, 2023
(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 | $ | 21,608 |  | $ | 13,418 |  | $ | 7,248 |  | $ | 6,431 |  | $ | 58 |  | $ | 48,763 |  | $ | 2,427 |  | $ | 27 |  | $ | 51,217 |
Cost of Sales | 12,497 |  | 7,340 |  | 3,552 |  | 3,337 |  | 516 |  | 27,242 |  | 1,121 |  | 562 |  | 28,925 |
Gross profit | 9,111 |  | 6,078 |  | 3,696 |  | 3,094 |  | (458) |  | 21,521 |  | 1,306 |  | (535) |  | 22,292 |
Demand creation expense | 1,455 |  | 1,050 |  | 499 |  | 373 |  | 511 |  | 3,888 |  | 138 |  | 34 |  | 4,060 |
Operating overhead expense | 2,207 |  | 1,500 |  | 1,012 |  | 789 |  | 3,881 |  | 9,389 |  | 499 |  | 2,429 |  | 12,317 |
Total selling and administrative expense | 3,662 |  | 2,550 |  | 1,511 |  | 1,162 |  | 4,392 |  | 13,277 |  | 637 |  | 2,463 |  | 16,377 |
Other segment items(1) | (5) |  | (3) |  | (98) |  | — |  | (9) |  | (115) |  | (7) |  | (158) |  | (280) |
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 5,454 |  | $ | 3,531 |  | $ | 2,283 |  | $ | 1,932 |  | $ | (4,841) |  | $ | 8,359 |  | $ | 676 |  | $ | (2,840) |  |
Interest expense (income), net |  |  |  |  |  |  |  |  | (6) |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES |  |  |  |  |  |  |  |  | $ | 6,201 |
Supplemental information: |  |  |  |  |  |  |  |  |
Depreciation and amortization(2) | $ | 128 |  | 120 |  | 54 |  | 42 |  | 211 |  | 555 |  | 17 |  | 131 |  | $ | 703 |
Inventories | $ | 3,806 |  | 2,167 |  | 973 |  | 894 |  | 232 |  | 8,072 |  | 305 |  | 77 |  | $ | 8,454 |
(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments. (2)The amounts of depreciation and amortization by segment are included within Cost of sales and Operating overhead expense, as applicable.
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) | 2025 | 2024
United States | $ | 4,467 |  | $ | 4,837 |
Belgium | 774 |  | 757 |
China | 488 |  | 501 |
United Kingdom | 422 |  | 324 |
Other | 1,389 |  | 1,299 |
TOTAL LONG-LIVED ASSETS | $ | 7,540 |  | $ | 7,718 |

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- 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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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
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