Operating Segments and Related Information (Tables)

12 Months Ended

May 31, 2020

Schedule of Segment Reporting Information, by Segment

Accounts receivable, net, Inventories and Property, plant and equipment, net for operating segments are regularly reviewed by management and are therefore provided below.



	YEAR ENDED MAY 31,
(Dollars in millions)	2020			2019			2018
REVENUES
North America	$	14,484		$	15,902		$	14,855
Europe, Middle East & Africa	9,347			9,812			9,242
Greater China	6,679			6,208			5,134
Asia Pacific & Latin America	5,028			5,254			5,166
Global Brand Divisions	30			42			88
Total NIKE Brand	35,568			37,218			34,485
Converse	1,846			1,906			1,886
Corporate	(11		)	(7		)	26
TOTAL NIKE, INC. REVENUES	$	37,403		$	39,117		$	36,397
EARNINGS BEFORE INTEREST AND TAXES
North America	$	2,899		$	3,925		$	3,600
Europe, Middle East & Africa	1,541			1,995			1,587
Greater China	2,490			2,376			1,807
Asia Pacific & Latin America	1,184			1,323			1,189
Global Brand Divisions	(3,468		)	(3,262		)	(2,658		)
Converse	297			303			310
Corporate	(1,967		)	(1,810		)	(1,456		)
Interest expense (income), net	89			49			54
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	2,887		$	4,801		$	4,325
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT
North America	$	110		$	117		$	196
Europe, Middle East & Africa	139			233			240
Greater China	28			49			76
Asia Pacific & Latin America	41			47			49
Global Brand Divisions	438			278			286
Total NIKE Brand	756			724			847
Converse	12			18			22
Corporate	356			333			325
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT	$	1,124		$	1,075		$	1,194
DEPRECIATION
North America	$	148		$	149		$	160
Europe, Middle East & Africa	132			111			116
Greater China	44			50			56
Asia Pacific & Latin America	46			53			55
Global Brand Divisions	214			195			217
Total NIKE Brand	584			558			604
Converse	25			31			33
Corporate	112			116			110
TOTAL DEPRECIATION	$	721		$	705		$	747

Reconciliation of Assets from Segment to Consolidated



	AS OF MAY 31,
(Dollars in millions)	2020		2019
ACCOUNTS RECEIVABLE, NET
North America	$	1,020	$	1,718
Europe, Middle East & Africa	712		1,164
Greater China	321		245
Asia Pacific & Latin America⁽¹⁾	425		771
Global Brand Divisions	65		105
Total NIKE Brand	2,543		4,003
Converse	149		243
Corporate	57		26
TOTAL ACCOUNTS RECEIVABLE, NET	$	2,749	$	4,272
INVENTORIES
North America	$	3,077	$	2,328
Europe, Middle East & Africa	2,070		1,390
Greater China	882		693
Asia Pacific & Latin America⁽¹⁾	770		694
Global Brand Divisions	137		126
Total NIKE Brand	6,936		5,231
Converse	341		269
Corporate	90		122
TOTAL INVENTORIES	$	7,367	$	5,622
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	645	$	814
Europe, Middle East & Africa	885		929
Greater China	214		237
Asia Pacific & Latin America⁽¹⁾	296		326
Global Brand Divisions	830		665
Total NIKE Brand	2,870		2,971
Converse	80		100
Corporate	1,916		1,673
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,866	$	4,744

(1)

Excludes assets held-for-sale as of May 31, 2020. See Note 20 — Acquisitions and Divestitures for additional information.

Long-lived Assets by Geographic Areas

The Company's largest concentrations of long-lived assets primarily consist of the Company's corporate headquarters, retail locations and distribution facilities in the United States and China, as well as distribution facilities in Belgium. Long-lived assets attributable to operations in these countries, which primarily consists of property, plant and equipment, net, as well as operating lease right-of-use assets, net in conjunction with the adoption of Topic 842 in fiscal 2020, were as follows:



	MAY 31,
(Dollars in millions)	2020⁽¹⁾		2019
United States	$	5,114	$	3,174
Belgium	606		618
China	457		242

(1)

Includes operating lease right-of-use assets, net in conjunction with the adoption of Topic 842. Comparative prior period information has not been adjusted and continues to be reported in accordance with previous accounting guidance in effect for those periods.