false--05-31Q220200000320187YesYes184000000P2Y50000000530000000.220.420.2450.465315000000125300000031500000012440000002700000000000.1000.10
0000320187
2019-06-01
2019-11-30
0000320187
us-gaap:CommonClassBMember
2020-01-02
0000320187
us-gaap:CommonClassAMember
2020-01-02
0000320187
2019-09-01
2019-11-30
0000320187
2018-09-01
2018-11-30
0000320187
2018-06-01
2018-11-30
0000320187
2019-11-30
0000320187
us-gaap:CommonClassBMember
2019-05-31
0000320187
2019-05-31
0000320187
us-gaap:CommonClassAMember
2019-05-31
0000320187
us-gaap:CommonClassAMember
2019-11-30
0000320187
us-gaap:CommonClassBMember
2019-11-30
0000320187
2018-11-30
0000320187
2018-05-31
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2019-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2019-09-01
2019-11-30
0000320187
us-gaap:AdditionalPaidInCapitalMember
2019-09-01
2019-11-30
0000320187
2019-08-31
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-08-31
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2019-08-31
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-11-30
0000320187
us-gaap:RetainedEarningsMember
2019-09-01
2019-11-30
0000320187
us-gaap:RetainedEarningsMember
2019-08-31
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2019-08-31
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2019-11-30
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-09-01
2019-11-30
0000320187
us-gaap:AdditionalPaidInCapitalMember
2019-08-31
0000320187
us-gaap:RetainedEarningsMember
2019-11-30
0000320187
us-gaap:AdditionalPaidInCapitalMember
2019-11-30
0000320187
us-gaap:AdditionalPaidInCapitalMember
2018-08-31
0000320187
us-gaap:RetainedEarningsMember
2018-09-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2018-08-31
0000320187
us-gaap:AdditionalPaidInCapitalMember
2018-11-30
0000320187
us-gaap:AdditionalPaidInCapitalMember
2018-09-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2018-11-30
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-08-31
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2018-09-01
2018-11-30
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2018-09-01
2018-11-30
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2018-11-30
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2018-08-31
0000320187
us-gaap:RetainedEarningsMember
2018-08-31
0000320187
2018-08-31
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-11-30
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-09-01
2018-11-30
0000320187
us-gaap:RetainedEarningsMember
2018-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2019-05-31
0000320187
us-gaap:AdditionalPaidInCapitalMember
2019-06-01
2019-11-30
0000320187
us-gaap:RetainedEarningsMember
2019-06-01
2019-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2019-06-01
2019-11-30
0000320187
us-gaap:AdditionalPaidInCapitalMember
2019-05-31
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2019-05-31
0000320187
us-gaap:AccountingStandardsUpdate201602Member
us-gaap:RetainedEarningsMember
2019-06-01
0000320187
us-gaap:RetainedEarningsMember
2019-05-31
0000320187
us-gaap:AccountingStandardsUpdate201602Member
2019-06-01
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-05-31
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-06-01
2019-11-30
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2018-05-31
0000320187
us-gaap:AdditionalPaidInCapitalMember
2018-06-01
2018-11-30
0000320187
us-gaap:RetainedEarningsMember
2018-06-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2018-06-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
us-gaap:CommonStockMember
2018-05-31
0000320187
us-gaap:CommonClassAMember
us-gaap:CommonStockMember
2018-06-01
2018-11-30
0000320187
us-gaap:AccountingStandardsUpdate201616Member
2018-06-01
0000320187
us-gaap:AccountingStandardsUpdate201409Member
2018-06-01
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-05-31
0000320187
us-gaap:AdditionalPaidInCapitalMember
2018-05-31
0000320187
us-gaap:AccountingStandardsUpdate201616Member
us-gaap:RetainedEarningsMember
2018-06-01
0000320187
us-gaap:AccountingStandardsUpdate201409Member
us-gaap:RetainedEarningsMember
2018-06-01
0000320187
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-06-01
2018-11-30
0000320187
us-gaap:RetainedEarningsMember
2018-05-31
0000320187
nke:InterestIncomeExpenseNetMember
2018-06-01
2018-11-30
0000320187
us-gaap:CashAndCashEquivalentsMember
us-gaap:ForeignExchangeContractMember
2019-05-31
0000320187
us-gaap:AvailableforsaleSecuritiesMember
2019-11-30
0000320187
nke:InterestIncomeExpenseNetMember
2019-09-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:FairValueMeasurementsRecurringMember
2019-05-31
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:FairValueMeasurementsRecurringMember
2019-11-30
0000320187
nke:InterestIncomeExpenseNetMember
2019-06-01
2019-11-30
0000320187
us-gaap:CashAndCashEquivalentsMember
us-gaap:ForeignExchangeContractMember
2019-11-30
0000320187
nke:InterestIncomeExpenseNetMember
2018-09-01
2018-11-30
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:BankTimeDepositsMember
2019-11-30
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
nke:CommercialPaperandBondsMember
2019-11-30
0000320187
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:USTreasurySecuritiesMember
2019-11-30
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:MoneyMarketFundsMember
2019-11-30
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-11-30
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:USGovernmentAgenciesDebtSecuritiesMember
2019-11-30
0000320187
us-gaap:FairValueMeasurementsRecurringMember
2019-11-30
0000320187
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:USTreasurySecuritiesMember
2019-05-31
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:MoneyMarketFundsMember
2019-05-31
0000320187
us-gaap:FairValueMeasurementsRecurringMember
2019-05-31
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:BankTimeDepositsMember
2019-05-31
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
nke:CommercialPaperandBondsMember
2019-05-31
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:USGovernmentAgenciesDebtSecuritiesMember
2019-05-31
0000320187
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-05-31
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-05-31
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-05-31
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-11-30
0000320187
us-gaap:RevolvingCreditFacilityMember
2019-08-16
0000320187
us-gaap:RevolvingCreditFacilityMember
2019-08-16
2019-08-16
0000320187
us-gaap:CommercialPaperMember
2019-11-30
0000320187
us-gaap:RevolvingCreditFacilityMember
2015-08-25
0000320187
us-gaap:RevolvingCreditFacilityMember
2019-11-30
0000320187
us-gaap:CommercialPaperMember
2019-05-31
0000320187
us-gaap:RevolvingCreditFacilityMember
us-gaap:LondonInterbankOfferedRateLIBORMember
2019-08-16
2019-08-16
0000320187
us-gaap:RevolvingCreditFacilityMember
2019-05-31
0000320187
nke:RestrictedStockAndRestrictedStockUnitsMember
2019-06-01
2019-11-30
0000320187
nke:StockIncentivePlanMember
us-gaap:CommonClassBMember
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
2018-06-01
2018-11-30
0000320187
nke:StockIncentivePlanMember
us-gaap:CommonClassBMember
2019-06-01
2019-11-30
0000320187
nke:RestrictedStockAndRestrictedStockUnitsMember
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
2019-06-01
2019-11-30
0000320187
nke:RestrictedStockAndRestrictedStockUnitsMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmployeeStockOptionMember
nke:StockIncentivePlanMember
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
nke:StockIncentivePlanMember
2019-06-01
2019-11-30
0000320187
us-gaap:EmployeeStockMember
us-gaap:CommonClassBMember
2018-09-01
2018-11-30
0000320187
us-gaap:EmployeeStockOptionMember
us-gaap:CommonClassBMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmployeeStockMember
us-gaap:CommonClassBMember
2019-09-01
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
us-gaap:CommonClassBMember
2019-09-01
2019-11-30
0000320187
us-gaap:EmployeeStockMember
us-gaap:CommonClassBMember
2019-06-01
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
us-gaap:CommonClassBMember
2019-06-01
2019-11-30
0000320187
us-gaap:RestrictedStockMember
us-gaap:CommonClassBMember
2018-06-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
2018-09-01
2018-11-30
0000320187
us-gaap:RestrictedStockMember
us-gaap:CommonClassBMember
2019-09-01
2019-11-30
0000320187
us-gaap:RestrictedStockMember
us-gaap:CommonClassBMember
2018-09-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
2019-06-01
2019-11-30
0000320187
us-gaap:CommonClassBMember
2019-09-01
2019-11-30
0000320187
us-gaap:RestrictedStockMember
us-gaap:CommonClassBMember
2019-06-01
2019-11-30
0000320187
us-gaap:EmployeeStockMember
us-gaap:CommonClassBMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmployeeStockOptionMember
us-gaap:CommonClassBMember
2018-09-01
2018-11-30
0000320187
us-gaap:CommonClassBMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmployeeStockOptionMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmployeeStockOptionMember
2019-09-01
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
2019-06-01
2019-11-30
0000320187
us-gaap:EmployeeStockOptionMember
2018-09-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2018-09-01
2018-11-30
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2018-09-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2019-09-01
2019-11-30
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2019-09-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2018-06-01
2018-11-30
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2019-06-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
nke:OtherIncomeAndExpenseMember
2019-06-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:DemandCreationExpenseMember
2019-06-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:SalesMember
2019-06-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:OtherIncomeAndExpenseMember
2018-06-01
2018-11-30
0000320187
us-gaap:CashFlowHedgingMember
2019-06-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:CostOfGoodsTotalMember
2019-06-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:OtherIncomeAndExpenseMember
2019-06-01
2019-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:CashFlowHedgingMember
nke:InterestIncomeExpenseNetMember
2019-06-01
2019-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:CashFlowHedgingMember
nke:InterestIncomeExpenseNetMember
2018-06-01
2018-11-30
0000320187
us-gaap:CashFlowHedgingMember
2018-06-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:CostOfGoodsTotalMember
2018-06-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:DemandCreationExpenseMember
2018-06-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:SalesMember
2018-06-01
2018-11-30
0000320187
nke:NotDesignatedasDerivativeInstrumentMember
2019-11-30
0000320187
us-gaap:CashFlowHedgingMember
2019-11-30
0000320187
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
2019-11-30
0000320187
us-gaap:CashAndCashEquivalentsMember
2019-11-30
0000320187
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-05-31
0000320187
us-gaap:NondesignatedMember
2019-05-31
0000320187
us-gaap:DesignatedAsHedgingInstrumentMember
2019-11-30
0000320187
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
2019-05-31
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermLiabilitiesMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-05-31
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermLiabilitiesMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-11-30
0000320187
us-gaap:DesignatedAsHedgingInstrumentMember
2019-05-31
0000320187
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-11-30
0000320187
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
2019-11-30
0000320187
us-gaap:AccruedLiabilitiesMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-05-31
0000320187
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-11-30
0000320187
us-gaap:AccruedLiabilitiesMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-11-30
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermAssetsMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-11-30
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermAssetsMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-05-31
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermAssetsMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-05-31
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermAssetsMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-11-30
0000320187
us-gaap:AccruedLiabilitiesMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-11-30
0000320187
us-gaap:AccruedLiabilitiesMember
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
2019-11-30
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermLiabilitiesMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-05-31
0000320187
us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-05-31
0000320187
nke:DeferredIncomeTaxesAndOtherLongTermLiabilitiesMember
us-gaap:EmbeddedDerivativeFinancialInstrumentsMember
us-gaap:NondesignatedMember
2019-11-30
0000320187
us-gaap:AccruedLiabilitiesMember
us-gaap:ForeignExchangeContractMember
us-gaap:NondesignatedMember
2019-05-31
0000320187
us-gaap:NondesignatedMember
2019-11-30
0000320187
us-gaap:AccruedLiabilitiesMember
us-gaap:ForeignExchangeContractMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-05-31
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:CostOfGoodsTotalMember
2018-09-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:DemandCreationExpenseMember
2019-09-01
2019-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:CashFlowHedgingMember
nke:InterestIncomeExpenseNetMember
2019-09-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:OtherIncomeAndExpenseMember
2019-09-01
2019-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:CashFlowHedgingMember
nke:InterestIncomeExpenseNetMember
2018-09-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:SalesMember
2018-09-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:CostOfGoodsTotalMember
2019-09-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:DemandCreationExpenseMember
2018-09-01
2018-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
us-gaap:SalesMember
2019-09-01
2019-11-30
0000320187
us-gaap:ForeignExchangeContractMember
us-gaap:CashFlowHedgingMember
nke:OtherIncomeAndExpenseMember
2018-09-01
2018-11-30
0000320187
us-gaap:CashFlowHedgingMember
2019-09-01
2019-11-30
0000320187
us-gaap:CashFlowHedgingMember
2018-09-01
2018-11-30
0000320187
us-gaap:ParentMember
2019-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2019-11-30
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2019-08-31
0000320187
nke:AccumulatedOtherAdjustmentsMember
2019-09-01
2019-11-30
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-09-01
2019-11-30
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-09-01
2019-11-30
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-11-30
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-08-31
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-08-31
0000320187
us-gaap:ParentMember
2019-08-31
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-11-30
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2019-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2019-08-31
0000320187
nke:ForeignExchangeForwardandOptionMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-09-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
nke:AccumulatedOtherAdjustmentsMember
2018-06-01
2018-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
nke:AccumulatedOtherAdjustmentsMember
2018-09-01
2018-11-30
0000320187
nke:ForeignExchangeForwardandOptionMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-09-01
2018-11-30
0000320187
nke:ForeignExchangeForwardandOptionMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-06-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-09-01
2018-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
nke:AccumulatedOtherAdjustmentsMember
2019-09-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
nke:AccumulatedOtherAdjustmentsMember
2019-06-01
2019-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-06-01
2018-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-06-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-09-01
2019-11-30
0000320187
nke:ForeignExchangeForwardandOptionMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-06-01
2018-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-06-01
2018-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-06-01
2019-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-09-01
2018-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
2019-06-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
2018-06-01
2018-11-30
0000320187
us-gaap:InterestRateSwapMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-09-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
2019-09-01
2019-11-30
0000320187
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
2018-09-01
2018-11-30
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-06-01
2019-11-30
0000320187
us-gaap:ParentMember
2019-05-31
0000320187
nke:AccumulatedOtherAdjustmentsMember
2019-06-01
2019-11-30
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-06-01
2019-11-30
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-05-31
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2019-06-01
2019-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2019-05-31
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2019-05-31
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-05-31
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-08-31
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-09-01
2018-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2018-11-30
0000320187
us-gaap:ParentMember
2018-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2018-09-01
2018-11-30
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-11-30
0000320187
us-gaap:ParentMember
2018-08-31
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-08-31
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-09-01
2018-11-30
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2018-08-31
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2018-08-31
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2018-11-30
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2018-06-01
2018-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2018-06-01
2018-11-30
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-06-01
2018-11-30
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-06-01
2018-11-30
0000320187
nke:AccumulatedOtherAdjustmentsMember
2018-05-31
0000320187
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-05-31
0000320187
us-gaap:ParentMember
2018-05-31
0000320187
us-gaap:AccumulatedTranslationAdjustmentMember
2018-05-31
0000320187
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2018-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
nke:ApparelMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
us-gaap:SalesChannelDirectlyToConsumerMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelOtherMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SportingEquipmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
2019-06-01
2019-11-30
0000320187
nke:SportingEquipmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SportingEquipmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
nke:OtherProductLinesMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:ApparelMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:ApparelMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:OtherProductLinesMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelOtherMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelWholesaleMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:OtherProductLinesMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
nke:SalesChannelWholesaleMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:SalesChannelDirectlyToConsumerMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelWholesaleMember
2019-06-01
2019-11-30
0000320187
nke:SalesChannelOtherMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
nke:SalesChannelWholesaleMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
nke:SportingEquipmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:OtherProductLinesMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:ApparelMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:ApparelMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
nke:SalesChannelOtherMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelWholesaleMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelWholesaleMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelOtherMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
nke:ApparelMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SportingEquipmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:SalesChannelDirectlyToConsumerMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelOtherMember
2018-06-01
2018-11-30
0000320187
nke:OtherProductLinesMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SportingEquipmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
us-gaap:SalesChannelDirectlyToConsumerMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:OtherProductLinesMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:OtherProductLinesMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelOtherMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SportingEquipmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelWholesaleMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelOtherMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:SalesChannelDirectlyToConsumerMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
us-gaap:SalesChannelDirectlyToConsumerMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:ApparelMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelWholesaleMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SportingEquipmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2018-09-01
2018-11-30
0000320187
nke:OtherProductLinesMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
nke:ApparelMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
nke:SalesChannelWholesaleMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:OtherProductLinesMember
2018-09-01
2018-11-30
0000320187
nke:SalesChannelOtherMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:ApparelMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
nke:SportingEquipmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelOtherMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
us-gaap:SalesChannelDirectlyToConsumerMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SportingEquipmentMember
2019-09-01
2019-11-30
0000320187
nke:SalesChannelWholesaleMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:OtherProductLinesMember
2019-09-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:ApparelMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
nke:OtherProductLinesMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:ApparelMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:OtherProductLinesMember
2019-09-01
2019-11-30
0000320187
nke:ApparelMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SalesChannelWholesaleMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelOtherMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:SalesChannelWholesaleMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
nke:SportingEquipmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:FootwearMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:OtherProductLinesMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelWholesaleMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
nke:SportingEquipmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
nke:SalesChannelOtherMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ApparelMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SalesChannelOtherMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:SalesChannelDirectlyToConsumerMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:SportingEquipmentMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
nke:ConverseSegmentMember
2019-05-31
0000320187
us-gaap:CorporateNonSegmentMember
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
2019-11-30
0000320187
us-gaap:CorporateNonSegmentMember
2019-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
nke:ConverseSegmentMember
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
2019-05-31
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:NIKEBrandMember
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:NIKEBrandMember
2019-05-31
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
nke:ConverseSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:NorthAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
nke:ConverseSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:EuropeMiddleEastAndAfricaSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:GreaterChinaSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
nke:ConverseSegmentMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2019-06-01
2019-11-30
0000320187
us-gaap:MaterialReconcilingItemsMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:ConverseSegmentMember
nke:ConverseSegmentMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
nke:AsiaPacificAndLatinAmericaSegmentMember
2018-06-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
2019-09-01
2019-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
2018-09-01
2018-11-30
0000320187
us-gaap:OperatingSegmentsMember
nke:NIKEBrandMember
nke:NIKEBrandMember
2018-06-01
2018-11-30
iso4217:USD
xbrli:pure
iso4217:USD
xbrli:shares
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED NOVEMBER 30, 2019
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO .
Commission File No. 1-10635
NIKE, Inc.
(Exact name of Registrant as specified in its charter)
|
| | | |
Oregon | 93-0584541 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
One Bowerman Drive, Beaverton, Oregon 97005-6453
(Address of principal executive offices and zip code)
(503) 671-6453
(Registrant's telephone number, including area code)
|
| | | |
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: |
Class B Common Stock | NKE | New York Stock Exchange |
(Title of each class) | (Trading symbol) | (Name of each exchange on which registered) |
|
| | | | | | | | | | | |
Indicate by check mark: | | YES | NO |
• | whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. | | þ | ☐ |
• | whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). | | þ | ☐ |
• | whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. |
| Large accelerated filer | þ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | Smaller reporting company | ☐ | Emerging growth company | ☐ |
• | if an emerging growth company, if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | | ☐ |
• | whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). | | ☐ | þ |
|
| | |
As of January 2, 2020, the number of shares of the Registrant's Common Stock outstanding were: |
Class A | 315,017,252 |
|
Class B | 1,242,355,516 |
|
| 1,557,372,768 |
|
NIKE, INC.
FORM 10-Q
TABLE OF CONTENTS
|
| | |
| | PAGE |
PART I - FINANCIAL INFORMATION | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
ITEM 3. | | |
ITEM 4. | | |
| |
ITEM 1. | | |
ITEM 1A. | | |
ITEM 2. | | |
ITEM 6. | | |
| | |
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
NIKE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
|
| | | | | | | | | | | | | |
| THREE MONTHS ENDED NOVEMBER 30, | | SIX MONTHS ENDED NOVEMBER 30, |
(In millions, except per share data) | 2019 | 2018 | | 2019 | 2018 |
Revenues | $ | 10,326 |
| $ | 9,374 |
| | $ | 20,986 |
| $ | 19,322 |
|
Cost of sales | 5,782 |
| 5,269 |
| | 11,571 |
| 10,820 |
|
Gross profit | 4,544 |
| 4,105 |
| | 9,415 |
| 8,502 |
|
Demand creation expense | 881 |
| 910 |
| | 1,899 |
| 1,874 |
|
Operating overhead expense | 2,443 |
| 2,232 |
| | 4,753 |
| 4,331 |
|
Total selling and administrative expense | 3,324 |
| 3,142 |
| | 6,652 |
| 6,205 |
|
Interest expense (income), net | 12 |
| 14 |
| | 27 |
| 25 |
|
Other (income) expense, net | (41 | ) | (48 | ) | | (74 | ) | 5 |
|
Income before income taxes | 1,249 |
| 997 |
| | 2,810 |
| 2,267 |
|
Income tax expense | 134 |
| 150 |
| | 328 |
| 328 |
|
NET INCOME | $ | 1,115 |
| $ | 847 |
| | $ | 2,482 |
| $ | 1,939 |
|
Earnings per common share: | | | | | |
Basic | $ | 0.71 |
| $ | 0.54 |
| | $ | 1.59 |
| $ | 1.22 |
|
Diluted | $ | 0.70 |
| $ | 0.52 |
| | $ | 1.56 |
| $ | 1.19 |
|
Weighted average common shares outstanding: | | | | | |
Basic | 1,560.6 |
| 1,581.4 |
| | 1,561.5 |
| 1,587.7 |
|
Diluted | 1,594.4 |
| 1,620.7 |
| | 1,596.0 |
| 1,627.2 |
|
The accompanying Notes to the Unaudited Condensed Consolidated Financial Statements are an integral part of this statement.
NIKE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
|
| | | | | | | | | | | | | |
| THREE MONTHS ENDED NOVEMBER 30, | | SIX MONTHS ENDED NOVEMBER 30, |
(Dollars in millions) | 2019 | 2018 | | 2019 | 2018 |
Net income | $ | 1,115 |
| $ | 847 |
| | $ | 2,482 |
| $ | 1,939 |
|
Other comprehensive income (loss), net of tax: | | | | | |
Change in net foreign currency translation adjustment | 28 |
| (2 | ) | | (61 | ) | (130 | ) |
Change in net gains (losses) on cash flow hedges | (155 | ) | 241 |
| | (119 | ) | 434 |
|
Change in net gains (losses) on other | (1 | ) | — |
| | 1 |
| (3 | ) |
Total other comprehensive income (loss), net of tax | (128 | ) | 239 |
| | (179 | ) | 301 |
|
TOTAL COMPREHENSIVE INCOME | $ | 987 |
| $ | 1,086 |
| | $ | 2,303 |
| $ | 2,240 |
|
The accompanying Notes to the Unaudited Condensed Consolidated Financial Statements are an integral part of this statement.
NIKE, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
|
| | | | | | | |
| NOVEMBER 30, | | MAY 31, |
(In millions) | 2019 | | 2019 |
ASSETS | | | |
Current assets: | | | |
Cash and equivalents | $ | 3,070 |
| | $ | 4,466 |
|
Short-term investments | 432 |
| | 197 |
|
Accounts receivable, net | 4,792 |
| | 4,272 |
|
Inventories | 6,199 |
| | 5,622 |
|
Prepaid expenses and other current assets | 1,876 |
| | 1,968 |
|
Total current assets | 16,369 |
| | 16,525 |
|
Property, plant and equipment, net | 4,668 |
| | 4,744 |
|
Operating lease right-of-use assets, net | 2,882 |
| | — |
|
Identifiable intangible assets, net | 277 |
| | 283 |
|
Goodwill | 224 |
| | 154 |
|
Deferred income taxes and other assets | 2,182 |
| | 2,011 |
|
TOTAL ASSETS | $ | 26,602 |
| | $ | 23,717 |
|
LIABILITIES AND SHAREHOLDERS' EQUITY | | | |
Current liabilities: | | | |
Current portion of long-term debt | $ | 6 |
| | $ | 6 |
|
Notes payable | 300 |
| | 9 |
|
Accounts payable | 2,627 |
| | 2,612 |
|
Current portion of operating lease liabilities | 431 |
| | — |
|
Accrued liabilities | 4,672 |
| | 5,010 |
|
Income taxes payable | 228 |
| | 229 |
|
Total current liabilities | 8,264 |
| | 7,866 |
|
Long-term debt | 3,462 |
| | 3,464 |
|
Operating lease liabilities | 2,723 |
| | — |
|
Deferred income taxes and other liabilities | 2,802 |
| | 3,347 |
|
Redeemable preferred stock | — |
| | — |
|
Shareholders' equity: | | | |
Common stock at stated value: | | | |
Class A convertible — 315 and 315 shares outstanding | — |
| | — |
|
Class B — 1,244 and 1,253 shares outstanding | 3 |
| | 3 |
|
Capital in excess of stated value | 7,719 |
| | 7,163 |
|
Accumulated other comprehensive income (loss) | 52 |
| | 231 |
|
Retained earnings | 1,577 |
| | 1,643 |
|
Total shareholders' equity | 9,351 |
| | 9,040 |
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 26,602 |
| | $ | 23,717 |
|
The accompanying Notes to the Unaudited Condensed Consolidated Financial Statements are an integral part of this statement.
NIKE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
| | | | | | |
| SIX MONTHS ENDED NOVEMBER 30, |
(Dollars in millions) | 2019 | 2018 |
Cash provided (used) by operations: | | |
Net income | $ | 2,482 |
| $ | 1,939 |
|
Adjustments to reconcile net income to net cash provided (used) by operations: | | |
Depreciation | 343 |
| 349 |
|
Deferred income taxes | (134 | ) | 11 |
|
Stock-based compensation | 190 |
| 133 |
|
Amortization and other | 19 |
| 10 |
|
Net foreign currency adjustments | 6 |
| 210 |
|
Changes in certain working capital components and other assets and liabilities: | |
|
(Increase) decrease in accounts receivable | (568 | ) | (324 | ) |
(Increase) decrease in inventories | (608 | ) | (263 | ) |
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | (67 | ) | (124 | ) |
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | (357 | ) | 884 |
|
Cash provided (used) by operations | 1,306 |
| 2,825 |
|
Cash provided (used) by investing activities: | | |
Purchases of short-term investments | (1,157 | ) | (1,771 | ) |
Maturities of short-term investments | 19 |
| 1,181 |
|
Sales of short-term investments | 981 |
| 971 |
|
Additions to property, plant and equipment | (522 | ) | (630 | ) |
Other investing activities | (109 | ) | 4 |
|
Cash provided (used) by investing activities | (788 | ) | (245 | ) |
Cash provided (used) by financing activities: | | |
Increase (decrease) in notes payable | 291 |
| (327 | ) |
Proceeds from exercise of stock options and other stock issuances | 483 |
| 340 |
|
Repurchase of common stock | (1,921 | ) | (2,637 | ) |
Dividends — common and preferred | (689 | ) | (638 | ) |
Other financing activities | (32 | ) | (28 | ) |
Cash provided (used) by financing activities | (1,868 | ) | (3,290 | ) |
Effect of exchange rate changes on cash and equivalents | (46 | ) | (116 | ) |
Net increase (decrease) in cash and equivalents | (1,396 | ) | (826 | ) |
Cash and equivalents, beginning of period | 4,466 |
| 4,249 |
|
CASH AND EQUIVALENTS, END OF PERIOD | $ | 3,070 |
| $ | 3,423 |
|
Supplemental disclosure of cash flow information: | | |
Non-cash additions to property, plant and equipment | $ | 86 |
| $ | 128 |
|
Dividends declared and not paid | 384 |
| 348 |
|
The accompanying Notes to the Unaudited Condensed Consolidated Financial Statements are an integral part of this statement.
NIKE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
|
| | | | | | | | | | | | | | | | | | | | | | | |
| COMMON STOCK | CAPITAL IN EXCESS OF STATED VALUE |
| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
| RETAINED EARNINGS |
| TOTAL |
|
| CLASS A | | CLASS B |
(In millions, except per share data) | SHARES |
| AMOUNT |
| | SHARES |
| AMOUNT |
|
Balance at August 31, 2019 | 315 |
| $ | — |
| | 1,245 |
| $ | 3 |
| $ | 7,296 |
| $ | 180 |
| $ | 1,721 |
| $ | 9,200 |
|
Stock options exercised |
|
| | 7 |
|
| 265 |
|
|
| 265 |
|
Repurchase of Class B Common Stock |
|
| | (10 | ) |
| (47 | ) |
| (875 | ) | (922 | ) |
Dividends on common stock ($0.245 per share) |
|
| |
|
|
|
|
|
| (383 | ) | (383 | ) |
Issuance of shares to employees, net of shares withheld for employee taxes |
|
| | 2 |
|
| 95 |
|
| (1 | ) | 94 |
|
Stock-based compensation |
|
| |
|
|
| 110 |
|
|
|
| 110 |
|
Net income |
|
| |
|
|
|
|
|
| 1,115 |
| 1,115 |
|
Other comprehensive income (loss) |
|
| |
|
|
|
|
| (128 | ) |
|
| (128 | ) |
Balance at November 30, 2019 | 315 |
| $ | — |
| | 1,244 |
| $ | 3 |
| $ | 7,719 |
| $ | 52 |
| $ | 1,577 |
| $ | 9,351 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| COMMON STOCK | CAPITAL IN EXCESS OF STATED VALUE |
| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
| RETAINED EARNINGS |
| TOTAL |
|
| CLASS A | | CLASS B |
(In millions, except per share data) | SHARES |
| AMOUNT |
| | SHARES |
| AMOUNT |
|
Balance at August 31, 2018 | 320 |
| $ | — |
| | 1,269 |
| $ | 3 |
| $ | 6,525 |
| $ | (30 | ) | $ | 2,494 |
| $ | 8,992 |
|
Stock options exercised |
|
| | 2 |
|
| 78 |
|
|
| 78 |
|
Conversion to Class B Common Stock | (5 | ) |
| | 5 |
|
|
|
|
|
|
| — |
|
Repurchase of Class B Common Stock |
|
| | (16 | ) |
| (68 | ) |
| (1,183 | ) | (1,251 | ) |
Dividends on common stock ($0.22 per share) |
|
| |
|
|
|
| (348 | ) | (348 | ) |
Issuance of shares to employees, net of shares withheld for employee taxes |
|
| | 2 |
|
| 80 |
|
|
|
| 80 |
|
Stock-based compensation |
|
| |
|
| 92 |
|
|
| 92 |
|
Net income |
|
| |
|
|
|
| 847 |
| 847 |
|
Other comprehensive income (loss) |
|
| |
|
|
| 239 |
|
| 239 |
|
Balance at November 30, 2018 | 315 |
| $ | — |
| | 1,262 |
| $ | 3 |
| $ | 6,707 |
| $ | 209 |
| $ | 1,810 |
| $ | 8,729 |
|
NIKE, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
|
| | | | | | | | | | | | | | | | | | | | | | | |
| COMMON STOCK | CAPITAL IN EXCESS OF STATED VALUE |
| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
| RETAINED EARNINGS |
| TOTAL |
|
| CLASS A | | CLASS B |
(In millions, except per share data) | SHARES |
| AMOUNT |
| | SHARES |
| AMOUNT |
|
Balance at May 31, 2019 | 315 |
| $ | — |
| | 1,253 |
| $ | 3 |
| $ | 7,163 |
| $ | 231 |
| $ | 1,643 |
| $ | 9,040 |
|
Stock options exercised |
|
| | 11 |
|
| 381 |
|
|
| 381 |
|
Repurchase of Class B Common Stock |
|
| | (22 | ) |
| (102 | ) |
| (1,815 | ) | (1,917 | ) |
Dividends on common stock ($0.465 per share) and preferred stock ($0.10 per share) |
|
| |
|
|
|
|
|
| (727 | ) | (727 | ) |
Issuance of shares to employees, net of shares withheld for employee taxes |
|
| | 2 |
|
| 87 |
|
| (5 | ) | 82 |
|
Stock-based compensation |
|
| |
|
|
| 190 |
|
|
|
| 190 |
|
Net income |
|
| |
|
|
|
|
|
| 2,482 |
| 2,482 |
|
Other comprehensive income (loss) |
|
| |
|
|
|
|
| (179 | ) |
|
| (179 | ) |
Adoption of ASC Topic 842 (Note 1) |
|
| |
|
|
|
|
|
| (1 | ) | (1 | ) |
Balance at November 30, 2019 | 315 |
| $ | — |
| | 1,244 |
| $ | 3 |
| $ | 7,719 |
| $ | 52 |
| $ | 1,577 |
| $ | 9,351 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| COMMON STOCK | CAPITAL IN EXCESS OF STATED VALUE |
| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
| RETAINED EARNINGS |
| TOTAL |
|
| CLASS A | | CLASS B |
(In millions, except per share data) | SHARES |
| AMOUNT |
| | SHARES |
| AMOUNT |
|
Balance at May 31, 2018 | 329 |
| $ | — |
| | 1,272 |
| $ | 3 |
| $ | 6,384 |
| $ | (92 | ) | $ | 3,517 |
| $ | 9,812 |
|
Stock options exercised |
|
| | 8 |
|
| 260 |
|
|
| 260 |
|
Conversion to Class B Common Stock | (14 | ) |
| | 14 |
|
|
|
|
|
|
| — |
|
Repurchase of Class B Common Stock |
|
| | (34 | ) |
| (137 | ) |
| (2,495 | ) | (2,632 | ) |
Dividends on common stock ($0.42 per share) and preferred stock ($0.10 per share) |
|
| |
|
|
|
| (666 | ) | (666 | ) |
Issuance of shares to employees, net of shares withheld for employee taxes |
|
| | 2 |
|
| 67 |
|
| (1 | ) | 66 |
|
Stock-based compensation |
|
| |
|
| 133 |
|
|
| 133 |
|
Net income |
|
| |
|
|
|
| 1,939 |
| 1,939 |
|
Other comprehensive income (loss) |
|
| |
|
|
|
| 301 |
|
| 301 |
|
Adoption of ASU 2016-16 |
|
| |
|
|
|
|
| (507 | ) | (507 | ) |
Adoption of ASC Topic 606 |
|
| |
|
|
|
| 23 |
| 23 |
|
Balance at November 30, 2018 | 315 |
| $ | — |
| | 1,262 |
| $ | 3 |
| $ | 6,707 |
| $ | 209 |
| $ | 1,810 |
| $ | 8,729 |
|
The accompanying Notes to the Unaudited Condensed Consolidated Financial Statements are an integral part of this statement.
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
|
| | |
Note 1 | | |
Note 2 | | |
Note 3 | | |
Note 4 | | |
Note 5 | | |
Note 6 | | |
Note 7 | | |
Note 8 | | |
Note 9 | | |
Note 10 | | |
Note 11 | | |
Note 12 | | |
Note 13 | | |
|
|
NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
BASIS OF PRESENTATION
The Unaudited Condensed Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the “Company” or “NIKE”) and reflect all normal recurring adjustments which are, in the opinion of management, necessary for a fair statement of the results of operations for the interim period. The year-end Condensed Consolidated Balance Sheet data as of May 31, 2019 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). The interim financial information and notes thereto should be read in conjunction with the Company's latest Annual Report on Form 10-K. The results of operations for the three and six months ended November 30, 2019 are not necessarily indicative of results to be expected for the entire year.
RECENTLY ADOPTED ACCOUNTING STANDARDS
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), which replaced existing lease accounting guidance. The new standard is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use (ROU) assets and corresponding lease liabilities on the balance sheet. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. The new guidance requires the Company to continue to classify leases as either an operating or finance lease, with classification affecting the pattern of expense recognition in the income statement. In addition, the new standard requires enhanced disclosure surrounding the amount, timing and uncertainty of cash flows arising from leasing agreements.
In July 2018, the FASB issued ASU No. 2018-11, which provided entities with an additional transition method. Under the new transition method, an entity initially applies the new standard at the adoption date, versus at the beginning of the earliest period presented, and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company elected this transition method and adopted Topic 842 using a modified retrospective approach in the first quarter of fiscal 2020 with the cumulative effect of initially applying the new standard recognized in Retained earnings at June 1, 2019. Comparative prior period information has not been adjusted and continues to be reported in accordance with previous lease accounting guidance in Accounting Standards Codification (ASC) Topic 840 — Leases.
Upon adoption, the Company elected the package of transition practical expedients which allowed the Company to carry forward prior conclusions related to: (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases and (iii) initial direct costs for existing leases. Additionally, the Company elected the practical expedient to not separate lease components from nonlease components for all real estate leases within the portfolio. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the Unaudited Condensed Consolidated Balance Sheets and will recognize related lease payments in the Unaudited Condensed Consolidated Statements of Income on a straight-line basis over the lease term.
In preparation for implementation, the Company executed changes to business processes, including implementing a software solution to assist with the new reporting requirements. The adoption of Topic 842 resulted in a $2.7 billion increase to total assets and total liabilities as of June 1, 2019. Upon adoption, the Company recognized $3.2 billion of total operating lease liabilities and $2.9 billion of operating lease ROU assets, as well as removed $348 million of existing deferred rent liabilities, which was recorded as an offset against the ROU assets. In addition, the Company removed $184 million of existing assets and liabilities related to build-to-suit lease arrangements. Several other asset and liability line items in the Company's Unaudited Condensed Consolidated Balance Sheets were also impacted by immaterial amounts. The adoption of the standard did not have a material impact on the Unaudited Condensed Consolidated Statements of Income or Unaudited Condensed Consolidated Statements of Cash Flows. For more information on the Company's lease arrangements refer to Note 13 — Leases.
Inventory balances of $6,199 million and $5,622 million at November 30, 2019 and May 31, 2019, respectively, were substantially all finished goods.
|
|
NOTE 3 — ACCRUED LIABILITIES |
Accrued liabilities included the following: