Operating Segments and Related Information (Tables)

12 Months Ended

May 31, 2021

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)	2021		2020		2019
REVENUES
North America	$	17,179	$	14,484	$	15,902
Europe, Middle East & Africa	11,456		9,347		9,812
Greater China	8,290		6,679		6,208
Asia Pacific & Latin America	5,343		5,028		5,254
Global Brand Divisions	25		30		42
Total NIKE Brand	42,293		35,568		37,218
Converse	2,205		1,846		1,906
Corporate	40		(11)		(7)
TOTAL NIKE, INC. REVENUES	$	44,538	$	37,403	$	39,117
EARNINGS BEFORE INTEREST AND TAXES
North America	$	5,089	$	2,899	$	3,925
Europe, Middle East & Africa	2,435		1,541		1,995
Greater China	3,243		2,490		2,376
Asia Pacific & Latin America	1,530		1,184		1,323
Global Brand Divisions	(3,656)		(3,468)		(3,262)
Converse	543		297		303
Corporate	(2,261)		(1,967)		(1,810)
Interest expense (income), net	262		89		49
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	6,661	$	2,887	$	4,801
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT
North America	$	98	$	110	$	117
Europe, Middle East & Africa	153		139		233
Greater China	94		28		49
Asia Pacific & Latin America	54		41		47
Global Brand Divisions	278		438		278
Total NIKE Brand	677		756		724
Converse	7		12		18
Corporate	107		356		333
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT	$	791	$	1,124	$	1,075
DEPRECIATION
North America	$	130	$	148	$	149
Europe, Middle East & Africa	136		132		111
Greater China	46		44		50
Asia Pacific & Latin America	43		46		53
Global Brand Divisions	222		214		195
Total NIKE Brand	577		584		558
Converse	26		25		31
Corporate	141		112		116
TOTAL DEPRECIATION	$	744	$	721	$	705

Reconciliation of Assets from Segment to Consolidated


	AS OF MAY 31,
(Dollars in millions)	2021		2020
ACCOUNTS RECEIVABLE, NET
North America	$	1,777	$	1,020
Europe, Middle East & Africa	1,349		712
Greater China	288		321
Asia Pacific & Latin America(1)	643		425
Global Brand Divisions	128		65
Total NIKE Brand	4,185		2,543
Converse	225		149
Corporate	53		57
TOTAL ACCOUNTS RECEIVABLE, NET	$	4,463	$	2,749
INVENTORIES
North America	$	2,851	$	3,077
Europe, Middle East & Africa	1,821		2,070
Greater China	1,247		882
Asia Pacific & Latin America(1)	667		770
Global Brand Divisions	153		137
Total NIKE Brand	6,739		6,936
Converse	290		341
Corporate	(175)		90
TOTAL INVENTORIES	$	6,854	$	7,367
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	617	$	645
Europe, Middle East & Africa	982		885
Greater China	288		214
Asia Pacific & Latin America(1)	304		296
Global Brand Divisions	780		830
Total NIKE Brand	2,971		2,870
Converse	63		80
Corporate	1,870		1,916
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,904	$	4,866

(1)Excludes assets held-for-sale as of May 31, 2021. 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 and operating lease ROU assets, net, were as follows:


	MAY 31,
(Dollars in millions)	2021		2020
United States	$	4,927	$	5,114
Belgium	676		606
China	518		457