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Revenues
 12 Months Ended
May 31, 2021
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 distribution channel:
YEAR ENDED MAY 31, 2021
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINA
ASIA PACIFIC & LATIN AMERICA(1)
GLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$11,644 $6,970 $5,748 $3,659 $— $28,021 $1,986 $— $30,007 
Apparel5,028 3,996 2,347 1,494 — 12,865 104 — 12,969 
Equipment507 490 195 190 — 1,382 29 — 1,411 
Other— — — — 25 25 86 40 151 
TOTAL REVENUES$17,179 $11,456 $8,290 $5,343 $25 $42,293 $2,205 $40 $44,538 
Revenues by:
Sales to Wholesale Customers$10,186 $7,812 $4,513 $3,387 $— $25,898 $1,353 $— $27,251 
Sales through Direct to Consumer6,993 3,644 3,777 1,956 — 16,370 766 — 17,136 
Other— — — — 25 25 86 40 151 
TOTAL REVENUES$17,179 $11,456 $8,290 $5,343 $25 $42,293 $2,205 $40 $44,538 
(1)Refer to Note 20 — Acquisitions and Divestitures for additional information on the transition of the Company's NIKE Brand business in Brazil to a third-party distributor.
YEAR ENDED MAY 31, 2020
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$9,329 $5,892 $4,635 $3,449 $— $23,305 $1,642 $— $24,947 
Apparel4,639 3,053 1,896 1,365 — 10,953 89 — 11,042 
Equipment516 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 Consumer5,113 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 AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$10,045 $6,293 $4,262 $3,622 $— $24,222 $1,658 $— $25,880 
Apparel5,260 3,087 1,808 1,395 — 11,550 118 — 11,668 
Equipment597 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 Consumer5,027 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, 2021, 2020 and 2019, Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Converse Other revenues were primarily attributable to licensing businesses. Corporate 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 May 31, 2021 and 2020, 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
As of May 31, 2021 and 2020, the Company's sales-related reserve balance, which includes returns, post-invoice sales discounts and miscellaneous claims, was $1,077 million and $1,178 million, respectively, recorded in Accrued liabilities on the Consolidated Balance Sheets. The estimated cost of inventory for expected product returns was $269 million and $313 million as of May 31, 2021 and 2020, 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, 2021, 2020 and 2019.