Revenues

12 Months Ended

May 31, 2020

Revenue from Contract with Customer [Abstract]

Revenues

NOTE 16 — REVENUES

DISAGGREGATION OF REVENUES

The following tables present the Company's revenues disaggregated by reportable operating segment, major product line and by distribution channel:

	YEAR ENDED MAY 31, 2020
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE			TOTAL NIKE, INC.
Revenues by:
Footwear	$	9,329	$	5,892	$	4,635	$	3,449	$	—	$	23,305	$	1,642	$	—		$	24,947
Apparel	4,639		3,053		1,896		1,365		—		10,953		89		—			11,042
Equipment	516		402		148		214		—		1,280		25		—			1,305
Other	—		—		—		—		30		30		90		(11		)	109
TOTAL REVENUES	$	14,484	$	9,347	$	6,679	$	5,028	$	30	$	35,568	$	1,846	$	(11	)	$	37,403
Revenues by:
Sales to Wholesale Customers	$	9,371	$	6,574	$	3,803	$	3,408	$	—	$	23,156	$	1,154	$	—		$	24,310
Sales through Direct to Consumer	5,113		2,773		2,876		1,620		—		12,382		602		—			12,984
Other	—		—		—		—		30		30		90		(11		)	109
TOTAL REVENUES	$	14,484	$	9,347	$	6,679	$	5,028	$	30	$	35,568	$	1,846	$	(11	)	$	37,403

	YEAR ENDED MAY 31, 2019
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE			TOTAL NIKE, INC.
Revenues by:
Footwear	$	10,045	$	6,293	$	4,262	$	3,622	$	—	$	24,222	$	1,658	$	—		$	25,880
Apparel	5,260		3,087		1,808		1,395		—		11,550		118		—			11,668
Equipment	597		432		138		237		—		1,404		24		—			1,428
Other	—		—		—		—		42		42		106		(7		)	141
TOTAL REVENUES	$	15,902	$	9,812	$	6,208	$	5,254	$	42	$	37,218	$	1,906	$	(7	)	$	39,117
Revenues by:
Sales to Wholesale Customers	$	10,875	$	7,076	$	3,726	$	3,746	$	—	$	25,423	$	1,247	$	—		$	26,670
Sales through Direct to Consumer	5,027		2,736		2,482		1,508		—		11,753		553		—			12,306
Other	—		—		—		—		42		42		106		(7		)	141
TOTAL REVENUES	$	15,902	$	9,812	$	6,208	$	5,254	$	42	$	37,218	$	1,906	$	(7	)	$	39,117

For the fiscal years ended May 31, 2020 and 2019, Other revenues for Global Brand Divisions and Converse were primarily attributable to licensing businesses. For the fiscal years ended May 31, 2020 and 2019, Other revenues for Corporate primarily consisted of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse but managed through the Company's central foreign exchange risk management program.

As of May 31, 2020 and 2019, the Company did not have any contract assets and had an immaterial amount of contract liabilities recorded in Accrued Liabilities on the Consolidated Balance Sheets.

SALES-RELATED RESERVES

At May 31, 2020 and May 31, 2019, the Company's sales-related reserve balance, which includes returns, post-invoice sales discounts and miscellaneous claims, was $1,178 million and $1,218 million, respectively, recorded in Accrued liabilities on the Consolidated Balance Sheets. The estimated cost of inventory for expected product returns was $313 million and $410 million as of May 31, 2020 and May 31, 2019, respectively, and was recorded in Prepaid expenses and other current assets on the Consolidated Balance Sheets.

MAJOR CUSTOMERS

No customer accounted for 10% or more of the Company's consolidated net Revenues during the fiscal years ended May 31, 2020, 2019 and 2018.