XML 42 R30.htm IDEA: XBRL DOCUMENT v3.21.2
Operating Segments (Tables)
 3 Months Ended
Aug. 31, 2021
Segment Reporting [Abstract]  
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.
 THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)
20212020
REVENUES
North America$4,879 $4,225 
Europe, Middle East & Africa3,307 2,910 
Greater China1,982 1,780 
Asia Pacific & Latin America1,465 1,099 
Global Brand Divisions7 4 
Total NIKE Brand11,640 10,018 
Converse629 563 
Corporate(21)13 
TOTAL NIKE, INC. REVENUES$12,248 $10,594 
EARNINGS BEFORE INTEREST AND TAXES
North America$1,434 $1,302 
Europe, Middle East & Africa875 692 
Greater China701 688 
Asia Pacific & Latin America481 280 
Global Brand Divisions(987)(853)
Converse204 168 
Corporate(545)(497)
Interest expense (income), net57 65 
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES$2,106 $1,715 
Reconciliation of Assets from Segment to Consolidated
AUGUST 31,MAY 31,
(Dollars in millions)
20212021
ACCOUNTS RECEIVABLE, NET
North America$1,445 $1,777 
Europe, Middle East & Africa1,489 1,349 
Greater China348 288 
Asia Pacific & Latin America(1)
681 643 
Global Brand Divisions97 128 
Total NIKE Brand4,060 4,185 
Converse224 225 
Corporate57 53 
TOTAL ACCOUNTS RECEIVABLE, NET$4,341 $4,463 
INVENTORIES
North America$2,851 $2,851 
Europe, Middle East & Africa1,632 1,821 
Greater China1,148 1,247 
Asia Pacific & Latin America(1)
668 667 
Global Brand Divisions188 153 
Total NIKE Brand6,487 6,739 
Converse263 290 
Corporate(51)(175)
TOTAL INVENTORIES$6,699 $6,854 
AUGUST 31,MAY 31,
(Dollars in millions)
20212021
PROPERTY, PLANT AND EQUIPMENT, NET
North America$621 $617 
Europe, Middle East & Africa966 982 
Greater China287 288 
Asia Pacific & Latin America(1)
311 304 
Global Brand Divisions786 780 
Total NIKE Brand2,971 2,971 
Converse58 63 
Corporate1,840 1,870 
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET$4,869 $4,904 
(1)Excludes assets held-for-sale as of August 31, 2021 and May 31, 2021. See Note 12 — Acquisitions and Divestitures for additional information.