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Long Term Debt - Net of Unamortized Premiums and Discounts and Swap Fair Value Adjustments (Parenthetical) (Detail)
12 Months Ended 12 Months Ended
May 31, 2014
May 31, 2014
4.70% Corporate bond, payable October 1, 2013
USD ($)
May 30, 2013
6.2% and 6.79% Promissory notes, payable April 1, 2017 and January 1, 2018
USD ($)
May 31, 2014
5.15% Corporate bond, payable October 15, 2015
USD ($)
May 31, 2014
2.25% Corporate bond, payable May 1, 2023
USD ($)
May 31, 2014
3.63 % Corporate bond, payable May 1, 2043
USD ($)
May 31, 2014
6.20% Promissory note, payable April 1, 2017
USD ($)
May 31, 2014
6.79% Promissory note, payable January 1, 2018
USD ($)
May 31, 2014
2.60% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
JPY (¥)
May 31, 2014
2.00% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
JPY (¥)
May 31, 2014
2.6% and 2.0% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
JPY (¥)
Debt Instrument [Line Items]                      
Debt instrument, maturity date   Oct. 01, 2013   Oct. 15, 2015 May 01, 2023 May 01, 2043 Apr. 01, 2017 Jan. 01, 2018 Nov. 20, 2020 Nov. 20, 2020  
Long Term Debt, original principal   $ 50,000,000 [1] $ 59,000,000 $ 100,000,000 [1],[2] $ 500,000,000 [1],[3] $ 500,000,000 [1],[3] $ 40,000,000 [4] $ 19,000,000 [4] ¥ 9,000,000,000 [5] ¥ 4,000,000,000 [5] ¥ 13,000,000,000.0
Interest Rates swap, lower range of variable interest rate payable 0.20%                    
Interest Rates swap, higher range of variable interest rate payable 0.40%                    
Debt instrument, minimum maturity date                     Aug. 20, 2001
Debt instrument, maximum maturity date                     Nov. 20, 2020
Percent of aggregate principal amount of the notes to be redeemed         100.00%            
[1] These senior unsecured obligations rank equally with the Company's other unsecured and unsubordinated indebtedness.
[2] The Company has entered into interest rate swap agreements whereby the Company receives fixed interest payments at the same rate as the note and pays variable interest payments based on the six-month LIBOR plus a spread. The swaps have the same notional amount and maturity date as the corresponding note. At May 31, 2014, the interest rates payable on these swap agreements ranged from approximately 0.2% to 0.4%.
[3] The bonds are redeemable at the Company's option prior to February 1, 2023 and November 1, 2042, respectively, at a price equal to the greater of (i) 100% of the aggregate principal amount of the notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Subsequent to February 1, 2023 and November 1, 2042, respectively, the bonds also feature a par call provision which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest.
[4] On May 30, 2013, the Company assumed a total of $59 million in bonds payable as part of its agreement to purchase certain Corporate properties; this was treated as a non-cash financing transaction. The property serves as collateral for the debt. The purchase of these properties was accounted for as a business combination where the total consideration of $85 million was allocated to the land and buildings acquired; no other tangible or intangible assets or liabilities resulted from the purchase. The bonds mature in 2017 and 2018 and the Company does not have the ability to re-negotiate the terms of the debt agreements and would incur significant financial penalties if the notes were paid off prior to maturity.
[5] NIKE Logistics YK assumed a total of ¥13.0 billion in loans as part of its agreement to purchase a distribution center in Japan, which serves as collateral for the loans. These loans mature in equal quarterly installments during the period August 20, 2001 through November 20, 2020.