XML 45 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Unaudited Condensed Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Nov. 30, 2014
Nov. 30, 2013
Nov. 30, 2014
Nov. 30, 2013
Revenues $ 7,380us-gaap_SalesRevenueNet $ 6,431us-gaap_SalesRevenueNet $ 15,362us-gaap_SalesRevenueNet $ 13,402us-gaap_SalesRevenueNet
Cost of sales 4,053us-gaap_CostOfGoodsSold 3,605us-gaap_CostOfGoodsSold 8,314us-gaap_CostOfGoodsSold 7,444us-gaap_CostOfGoodsSold
Gross profit 3,327us-gaap_GrossProfit 2,826us-gaap_GrossProfit 7,048us-gaap_GrossProfit 5,958us-gaap_GrossProfit
Demand creation expense 766us-gaap_MarketingAndAdvertisingExpense 691us-gaap_MarketingAndAdvertisingExpense 1,663us-gaap_MarketingAndAdvertisingExpense 1,422us-gaap_MarketingAndAdvertisingExpense
Operating overhead expense 1,672us-gaap_GeneralAndAdministrativeExpense 1,400us-gaap_GeneralAndAdministrativeExpense 3,255us-gaap_GeneralAndAdministrativeExpense 2,727us-gaap_GeneralAndAdministrativeExpense
Total selling and administrative expense 2,438us-gaap_SellingGeneralAndAdministrativeExpense 2,091us-gaap_SellingGeneralAndAdministrativeExpense 4,918us-gaap_SellingGeneralAndAdministrativeExpense 4,149us-gaap_SellingGeneralAndAdministrativeExpense
Interest expense (income), net 9us-gaap_InterestIncomeExpenseNonoperatingNet 8us-gaap_InterestIncomeExpenseNonoperatingNet 18us-gaap_InterestIncomeExpenseNonoperatingNet 16us-gaap_InterestIncomeExpenseNonoperatingNet
Other expense (income), net 2us-gaap_OtherNonoperatingIncomeExpense 13us-gaap_OtherNonoperatingIncomeExpense 5us-gaap_OtherNonoperatingIncomeExpense 41us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes 878us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 714us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,107us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,752us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (Note 5) 223us-gaap_IncomeTaxExpenseBenefit 180us-gaap_IncomeTaxExpenseBenefit 490us-gaap_IncomeTaxExpenseBenefit 439us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 655us-gaap_NetIncomeLoss $ 534us-gaap_NetIncomeLoss $ 1,617us-gaap_NetIncomeLoss $ 1,313us-gaap_NetIncomeLoss
Earnings per common share:        
Basic earnings per common share for NIKE, Inc. (in dollars per share) $ 0.76us-gaap_EarningsPerShareBasic $ 0.60us-gaap_EarningsPerShareBasic $ 1.87us-gaap_EarningsPerShareBasic $ 1.48us-gaap_EarningsPerShareBasic
Diluted earnings per common share for NIKE, Inc. (in dollars per share) $ 0.74us-gaap_EarningsPerShareDiluted $ 0.59us-gaap_EarningsPerShareDiluted $ 1.83us-gaap_EarningsPerShareDiluted $ 1.44us-gaap_EarningsPerShareDiluted
Dividends declared per common share (in dollars per share) $ 0.28us-gaap_CommonStockDividendsPerShareDeclared $ 0.24us-gaap_CommonStockDividendsPerShareDeclared $ 0.52us-gaap_CommonStockDividendsPerShareDeclared $ 0.45us-gaap_CommonStockDividendsPerShareDeclared