Operating Segments (Tables)

9 Months Ended

Feb. 28, 2022

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 FEBRUARY 28,				NINE MONTHS ENDED FEBRUARY 28,
(Dollars in millions)	2022		2021		2022		2021
REVENUES
North America	$	3,882	$	3,564	$	13,238	$	11,795
Europe, Middle East & Africa	2,779		2,609		9,228		8,477
Greater China	2,160		2,279		5,986		6,357
Asia Pacific & Latin America	1,461		1,315		4,273		3,885
Global Brand Divisions	41		6		54		18
Total NIKE Brand	10,323		9,773		32,779		30,532
Converse	567		570		1,753		1,609
Corporate	(19)		14		(56)		53
TOTAL NIKE, INC. REVENUES	$	10,871	$	10,357	$	34,476	$	32,194
EARNINGS BEFORE INTEREST AND TAXES
North America	$	967	$	970	$	3,636	$	3,295
Europe, Middle East & Africa	713		533		2,394		1,885
Greater China	784		973		2,054		2,552
Asia Pacific & Latin America	478		408		1,347		1,112
Global Brand Divisions	(975)		(852)		(3,033)		(2,546)
Converse	168		150		504		405
Corporate	(412)		(482)		(1,460)		(1,697)
Interest expense (income), net	53		64		165		199
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	1,670	$	1,636	$	5,277	$	4,807

Reconciliation of Assets from Segment to Consolidated

	FEBRUARY 28,		MAY 31,
(Dollars in millions)	2022		2021
ACCOUNTS RECEIVABLE, NET
North America	$	1,268	$	1,777
Europe, Middle East & Africa	1,189		1,349
Greater China	359		288
Asia Pacific & Latin America(1)	599		643
Global Brand Divisions	106		128
Total NIKE Brand	3,521		4,185
Converse	256		225
Corporate	50		53
TOTAL ACCOUNTS RECEIVABLE, NET	$	3,827	$	4,463
INVENTORIES
North America	$	3,541	$	2,851
Europe, Middle East & Africa	1,737		1,821
Greater China	1,105		1,247
Asia Pacific & Latin America(1)	721		667
Global Brand Divisions	208		153
Total NIKE Brand	7,312		6,739
Converse	264		290
Corporate	124		(175)
TOTAL INVENTORIES	$	7,700	$	6,854

	FEBRUARY 28,		MAY 31,
(Dollars in millions)	2022		2021
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	617	$	617
Europe, Middle East & Africa	929		982
Greater China	319		288
Asia Pacific & Latin America(1)	284		304
Global Brand Divisions	793		780
Total NIKE Brand	2,942		2,971
Converse	52		63
Corporate	1,812		1,870
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,806	$	4,904

(1)Excludes assets held-for-sale as of February 28, 2022 and May 31, 2021. See Note 13 — Acquisitions and Divestitures for additional information.