The following are selected line items from the Company's Unaudited Condensed Consolidated Financial Statements illustrating the effect of these corrections and the correction of other immaterial errors:

Third quarter of fiscal 2014 (presented herein for comparative purposes):



	NIKE, Inc. Unaudited Condensed Consolidated Statements of Income
	Three Months Ended February 28, 2014							Nine Months Ended February 28, 2014
(In millions, except per share data)	As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Total selling and administrative expense	$	2,166	$	3		$	2,169	$	6,310	$	8		$	6,318
Income before income taxes	883		(3		)	880		2,640		(8		)	2,632
Income tax expense	198		—			198		638		(1		)	637
NET INCOME	$	685	$	(3	)	$	682	$	2,002	$	(7	)	$	1,995

Earnings per common share:
Basic	$	0.78	$	(0.01	)	$	0.77	$	2.26	$	(0.01	)	$	2.25
Diluted	$	0.76	$	(0.01	)	$	0.75	$	2.20	$	(0.01	)	$	2.19



	NIKE, Inc. Unaudited Condensed Consolidated Statements of Comprehensive Income
	Three Months Ended February 28, 2014							Nine Months Ended February 28, 2014
(In millions)	As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Net income	$	685	$	(3	)	$	682	$	2,002	$	(7	)	$	1,995
TOTAL COMPREHENSIVE INCOME	$	628	$	(3	)	$	625	$	1,761	$	(7	)	$	1,754



	NIKE, Inc. Unaudited Condensed Consolidated Statements of Cash Flows
	Nine Months Ended February 28, 2014
(In millions)	As Reported			Adjustment			As Revised
Cash provided by operations:
Net income	$	2,002		$	(7	)	$	1,995
Income charges (credits) not affecting cash:
Amortization and other	102			(49		)	53
Net foreign currency adjustments	—			59			59
(Increase) in inventories	(343		)	(6		)	(349		)
Increase (decrease) in accounts payable, accrued liabilities and income taxes	(54		)	5			(49		)
Cash provided by operations	1,683			2			1,685
Cash used by investing activities:
Purchases of short-term investments	(4,146		)	(89		)	(4,235		)
Maturities of short-term investments	3,030			(145		)	2,885
Sales of short-term investments	555			234			789
(Increase) in other assets, net of other liabilities	(16		)	15			(1		)
Cash used by investing activities	(1,246		)	15			(1,231		)
Effect of exchange rate changes on cash and equivalents	7			(17		)	(10		)
Net increase (decrease) in cash and equivalents	(1,473		)	—			(1,473		)
Cash and equivalents, beginning of period	3,337			—			3,337
CASH AND EQUIVALENTS, END OF PERIOD	$	1,864		$	—		$	1,864

First and second quarters of fiscal 2015 (to be presented in Forms 10-Q for the first and second quarters of fiscal 2016 for comparative purposes):



	NIKE, Inc. Unaudited Condensed Consolidated Statements of Cash Flows
	Three Months Ended August 31, 2014								Six Months Ended November 30, 2014
(In millions)	As Reported			Adjustment			As Revised		As Reported			Adjustment			As Revised
Cash provided by operations:
Net income	$	962		$	—		$	962	$	1,617		$	—		$	1,617
Income charges (credits) not affecting cash:
Amortization and other	(34		)	42			8		(54		)	69			15
Net foreign currency adjustments	—			53			53		—			243			243
Cash provided by operations	588			95			683		1,235			312			1,547
Effect of exchange rate changes on cash and equivalents	97			(95		)	2		288			(312		)	(24		)
Net increase (decrease) in cash and equivalents	83			—			83		53			—			53
Cash and equivalents, beginning of period	2,220			—			2,220		2,220			—			2,220
CASH AND EQUIVALENTS, END OF PERIOD	$	2,303		$	—		$	2,303	$	2,273		$	—		$	2,273

The following are selected line items from the Company's Consolidated Financial Statements illustrating the effect of these corrections on the amounts previously reported in the Company's fiscal 2014 Annual Report on Form 10-K:



	NIKE, Inc. Consolidated Statements of Cash Flows
	Year Ended May 31, 2014									Year Ended May 31, 2013							Year Ended May 31, 2012
(In millions)	As Reported			Adjustment			As Revised			As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Cash provided by operations:
Net income	$	2,693		$	—		$	2,693		$	2,472	$	—		$	2,472	$	2,211	$	—		$	2,211
Income charges (credits) not affecting cash:
Amortization and other	114			(46		)	68			66		(2		)	64		23		45			68
Net foreign currency adjustments	—			56			56			—		66			66		—		63			63
Cash provided by operations	3,003			10			3,013			2,968		64			3,032		1,824		108			1,932
Effect of exchange rate changes on cash and equivalents	1			(10		)	(9		)	100		(64		)	36		67		(108		)	(41		)
Net (decrease) increase in cash and equivalents	(1,117		)	—			(1,117		)	1,083		—			1,083		377		—			377
Cash and equivalents, beginning of year	3,337			—			3,337			2,254		—			2,254		1,877		—			1,877
CASH AND EQUIVALENTS, END OF YEAR	$	2,220		$	—		$	2,220		$	3,337	$	—		$	3,337	$	2,254	$	—		$	2,254