XML 44 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 9 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Feb. 28, 2015
Feb. 28, 2014
Revenues $ 7,460us-gaap_SalesRevenueNet $ 6,972us-gaap_SalesRevenueNet $ 22,822us-gaap_SalesRevenueNet $ 20,374us-gaap_SalesRevenueNet
Cost of sales 4,034us-gaap_CostOfGoodsSold 3,869us-gaap_CostOfGoodsSold 12,348us-gaap_CostOfGoodsSold 11,313us-gaap_CostOfGoodsSold
Gross profit 3,426us-gaap_GrossProfit 3,103us-gaap_GrossProfit 10,474us-gaap_GrossProfit 9,061us-gaap_GrossProfit
Demand creation expense 731us-gaap_MarketingAndAdvertisingExpense 733us-gaap_MarketingAndAdvertisingExpense 2,394us-gaap_MarketingAndAdvertisingExpense 2,155us-gaap_MarketingAndAdvertisingExpense
Operating overhead expense 1,648us-gaap_GeneralAndAdministrativeExpense 1,436us-gaap_GeneralAndAdministrativeExpense 4,903us-gaap_GeneralAndAdministrativeExpense 4,163us-gaap_GeneralAndAdministrativeExpense
Total selling and administrative expense 2,379us-gaap_SellingGeneralAndAdministrativeExpense 2,169us-gaap_SellingGeneralAndAdministrativeExpense 7,297us-gaap_SellingGeneralAndAdministrativeExpense 6,318us-gaap_SellingGeneralAndAdministrativeExpense
Interest expense (income), net 6us-gaap_InterestIncomeExpenseNonoperatingNet 9us-gaap_InterestIncomeExpenseNonoperatingNet 24us-gaap_InterestIncomeExpenseNonoperatingNet 25us-gaap_InterestIncomeExpenseNonoperatingNet
Other (income) expense, net (5)us-gaap_OtherNonoperatingIncomeExpense 45us-gaap_OtherNonoperatingIncomeExpense 0us-gaap_OtherNonoperatingIncomeExpense 86us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes 1,046us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 880us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 3,153us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,632us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (Note 5) 255us-gaap_IncomeTaxExpenseBenefit 198us-gaap_IncomeTaxExpenseBenefit 745us-gaap_IncomeTaxExpenseBenefit 637us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 791us-gaap_NetIncomeLoss $ 682us-gaap_NetIncomeLoss $ 2,408us-gaap_NetIncomeLoss $ 1,995us-gaap_NetIncomeLoss
Earnings per common share:        
Basic earnings per common share for NIKE, Inc. (in dollars per share) $ 0.92us-gaap_EarningsPerShareBasic $ 0.77us-gaap_EarningsPerShareBasic $ 2.79us-gaap_EarningsPerShareBasic $ 2.25us-gaap_EarningsPerShareBasic
Diluted earnings per common share for NIKE, Inc. (in dollars per share) $ 0.89us-gaap_EarningsPerShareDiluted $ 0.75us-gaap_EarningsPerShareDiluted $ 2.72us-gaap_EarningsPerShareDiluted $ 2.19us-gaap_EarningsPerShareDiluted
Dividends declared per common share (in dollars per share) $ 0.28us-gaap_CommonStockDividendsPerShareDeclared $ 0.24us-gaap_CommonStockDividendsPerShareDeclared $ 0.80us-gaap_CommonStockDividendsPerShareDeclared $ 0.69us-gaap_CommonStockDividendsPerShareDeclared