XML 31 R19.htm IDEA: XBRL DOCUMENT v3.20.4
Revenues
6 Months Ended
Nov. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenues
NOTE 11 — REVENUES
DISAGGREGATION OF REVENUES
The following tables present the Company's revenues disaggregated by reportable operating segment, major product line and by distribution channel:
THREE MONTHS ENDED NOVEMBER 30, 2020
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$2,512 $1,731 $1,567 $991 $— $6,801 $416 $— $7,217 
Apparel1,368 1,104 681 432 — 3,585 32 — 3,617 
Equipment126 123 50 48 — 347 — 354 
Other— — — — 21 26 55 
TOTAL REVENUES$4,006 $2,958 $2,298 $1,471 $8 $10,741 $476 $26 $11,243 
Revenues by:
Sales to Wholesale Customers$2,354 $1,985 $1,159 $925 $— $6,423 $259 $— $6,682 
Sales through Direct to Consumer1,652 973 1,139 546 — 4,310 196 — 4,506 
Other— — — — 21 26 55 
TOTAL REVENUES$4,006 $2,958 $2,298 $1,471 $8 $10,741 $476 $26 $11,243 

THREE MONTHS ENDED NOVEMBER 30, 2019
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$2,426 $1,536 $1,247 $997 $— $6,206 $416 $— $6,622 
Apparel1,417 897 563 410 — 3,287 30 — 3,317 
Equipment139 104 37 61 — 341 — 347 
Other— — — — 10 10 28 40 
TOTAL REVENUES$3,982 $2,537 $1,847 $1,468 $10 $9,844 $480 $2 $10,326 
Revenues by:
Sales to Wholesale Customers$2,734 $1,794 $1,028 $1,022 $— $6,578 $286 $— $6,864 
Sales through Direct to Consumer1,248 743 819 446 — 3,256 166 — 3,422 
Other— — — — 10 10 28 40 
TOTAL REVENUES$3,982 $2,537 $1,847 $1,468 $10 $9,844 $480 $2 $10,326 
SIX MONTHS ENDED NOVEMBER 30, 2020
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$5,469 $3,533 $2,818 $1,749 $— $13,569 $929 $— $14,498 
Apparel2,493 2,075 1,159 733 — 6,460 54 — 6,514 
Equipment269 260 101 88 — 718 16 — 734 
Other— — — — 12 12 40 39 91 
TOTAL REVENUES$8,231 $5,868 $4,078 $2,570 $12 $20,759 $1,039 $39 $21,837 
Revenues by:
Sales to Wholesale Customers$5,073 $3,958 $2,123 $1,633 $— $12,787 $632 $— $13,419 
Sales through Direct to Consumer3,158 1,910 1,955 937 — 7,960 367 — 8,327 
Other— — — — 12 12 40 39 91 
TOTAL REVENUES$8,231 $5,868 $4,078 $2,570 $12 $20,759 $1,039 $39 $21,837 

SIX MONTHS ENDED NOVEMBER 30, 2019
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$5,095 $3,294 $2,411 $1,927 $— $12,727 $912 $— $13,639 
Apparel2,848 1,766 1,028 766 — 6,408 56 — 6,464 
Equipment332 250 87 120 — 789 15 — 804 
Other— — — — 16 16 52 11 79 
TOTAL REVENUES$8,275 $5,310 $3,526 $2,813 $16 $19,940 $1,035 $11 $20,986 
Revenues by:
Sales to Wholesale Customers$5,598 $3,836 $2,014 $1,972 $— $13,420 $653 $— $14,073 
Sales through Direct to Consumer2,677 1,474 1,512 841 — 6,504 330 — 6,834 
Other— — — — 16 16 52 11 79 
TOTAL REVENUES$8,275 $5,310 $3,526 $2,813 $16 $19,940 $1,035 $11 $20,986 

For the three and six months ended November 30, 2020 and 2019, Global Brand Divisions revenues include NIKE Brand licensing revenues as well as other miscellaneous revenues that are not part of a geographic operating segment. Converse Other revenues were primarily attributable to licensing businesses. Corporate Other revenues 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 November 30, 2020 and May 31, 2020, the Company did not have any contract assets and had an immaterial amount of contract liabilities recorded in Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets.