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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Aug. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| THREE MONTHS ENDED AUGUST 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 | $ | 5,020 |  | $ | 3,331 |  | $ | 1,512 |  | $ | 1,490 |  | $ | 9 |  | $ | 11,362 |  | $ | 366 |  | $ | (8) |  | $ | 11,720 |
Cost of Sales | 2,897 |  | 1,900 |  | 798 |  | 838 |  | 168 |  | 6,601 |  | 193 |  | (17) |  | 6,777 |
Gross profit | 2,123 |  | 1,431 |  | 714 |  | 652 |  | (159) |  | 4,761 |  | 173 |  | 9 |  | 4,943 |
Demand creation expense | 442 |  | 313 |  | 99 |  | 97 |  | 203 |  | 1,154 |  | 33 |  | 1 |  | 1,188 |
Operating overhead expense | 547 |  | 382 |  | 238 |  | 208 |  | 831 |  | 2,206 |  | 102 |  | 520 |  | 2,828 |
Total selling and administrative expense | 989 |  | 695 |  | 337 |  | 305 |  | 1,034 |  | 3,360 |  | 135 |  | 521 |  | 4,016 |
Other segment items(1) | — |  | 1 |  | — |  | (3) |  | (1) |  | (3) |  | (1) |  | 27 |  | 23 |
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 1,134 |  | $ | 735 |  | $ | 377 |  | $ | 350 |  | $ | (1,192) |  | $ | 1,404 |  | $ | 39 |  | $ | (539) |  |
Interest expense (income), net |  |  |  |  |  |  |  |  | (18) |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES |  |  |  |  |  |  |  |  | $ | 922 |
Supplemental information: |  |  |  |  |  |  |  |  |
Depreciation and amortization(2) | $ | 38 |  | 39 |  | 12 |  | 16 |  | 54 |  | 159 |  | 2 |  | 29 |  | $ | 190 |
(1)At 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.
| THREE MONTHS ENDED AUGUST 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 | $ | 4,826 |  | $ | 3,143 |  | $ | 1,666 |  | $ | 1,462 |  | $ | 14 |  | $ | 11,111 |  | $ | 501 |  | $ | (23) |  | $ | 11,589 |
Cost of Sales | 2,627 |  | 1,695 |  | 855 |  | 782 |  | 153 |  | 6,112 |  | 233 |  | (13) |  | 6,332 |
Gross profit | 2,199 |  | 1,448 |  | 811 |  | 680 |  | (139) |  | 4,999 |  | 268 |  | (10) |  | 5,257 |
Demand creation expense | 452 |  | 290 |  | 114 |  | 90 |  | 242 |  | 1,188 |  | 35 |  | 3 |  | 1,226 |
Operating overhead expense | 529 |  | 366 |  | 240 |  | 188 |  | 846 |  | 2,169 |  | 113 |  | 540 |  | 2,822 |
Total selling and administrative expense | 981 |  | 656 |  | 354 |  | 278 |  | 1,088 |  | 3,357 |  | 148 |  | 543 |  | 4,048 |
Other segment items(1) | 2 |  | — |  | (45) |  | — |  | — |  | (43) |  | (1) |  | (11) |  | (55) |
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 1,216 |  | $ | 792 |  | $ | 502 |  | $ | 402 |  | $ | (1,227) |  | $ | 1,685 |  | $ | 121 |  | $ | (542) |  |
Interest expense (income), net |  |  |  |  |  |  |  |  | (43) |
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES |  |  |  |  |  |  |  |  | $ | 1,307 |
Supplemental information: |  |  |  |  |  |  |  |  |
Depreciation and amortization(2) | $ | 36 |  | 35 |  | 13 |  | 11 |  | 57 |  | 152 |  | 4 |  | 32 |  | $ | 188 |
(1)At 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.
| AUGUST 31, |  | MAY 31,
(Dollars in millions) | 2025 |  | 2025
INVENTORIES(1) |  |  |
North America | $ | 3,524 |  |  | $ | 3,198 |
Europe, Middle East & Africa | 2,128 |  |  | 2,042 |
Greater China | 1,097 |  |  | 951 |
Asia Pacific & Latin America | 1,066 |  |  | 905 |
Global Brand Divisions | 142 |  |  | 148 |
TOTAL NIKE BRAND | 7,957 |  |  | 7,244 |
Converse | 247 |  |  | 272 |
Corporate | (90) |  |  | (27) |
TOTAL NIKE, INC. INVENTORIES | $ | 8,114 |  |  | $ | 7,489 |
(1)Inventories as of August 31, 2025 and May 31, 2025 were substantially all finished goods.

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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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