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Operating Segments and Related Information (Tables)
12 Months Ended
May 31, 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.
YEAR ENDED MAY 31,
(Dollars in millions)
202220212020
REVENUES
North America$18,353 $17,179 $14,484 
Europe, Middle East & Africa12,479 11,456 9,347 
Greater China7,547 8,290 6,679 
Asia Pacific & Latin America5,955 5,343 5,028 
Global Brand Divisions102 25 30 
Total NIKE Brand44,436 42,293 35,568 
Converse2,346 2,205 1,846 
Corporate(72)40 (11)
TOTAL NIKE, INC. REVENUES$46,710 $44,538 $37,403 
EARNINGS BEFORE INTEREST AND TAXES
North America$5,114 $5,089 $2,899 
Europe, Middle East & Africa3,293 2,435 1,541 
Greater China2,365 3,243 2,490 
Asia Pacific & Latin America1,896 1,530 1,184 
Global Brand Divisions(4,262)(3,656)(3,468)
Converse669 543 297 
Corporate(2,219)(2,261)(1,967)
Interest expense (income), net205 262 89 
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES$6,651 $6,661 $2,887 
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT
North America$146 $98 $110 
Europe, Middle East & Africa197 153 139 
Greater China78 94 28 
Asia Pacific & Latin America56 54 41 
Global Brand Divisions222 278 438 
Total NIKE Brand699 677 756 
Converse12 
Corporate103 107 356 
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT$811 $791 $1,124 
DEPRECIATION
North America$124 $130 $148 
Europe, Middle East & Africa134 136 132 
Greater China41 46 44 
Asia Pacific & Latin America42 43 46 
Global Brand Divisions220 222 214 
Total NIKE Brand561 577 584 
Converse22 26 25 
Corporate134 141 112 
TOTAL DEPRECIATION$717 $744 $721 
Reconciliation of Assets from Segment to Consolidated
AS OF MAY 31,
(Dollars in millions)
20222021
ACCOUNTS RECEIVABLE, NET
North America$1,850 $1,777 
Europe, Middle East & Africa1,351 1,349 
Greater China406 288 
Asia Pacific & Latin America(1)
664 643 
Global Brand Divisions113 128 
Total NIKE Brand4,384 4,185 
Converse230 225 
Corporate53 53 
TOTAL ACCOUNTS RECEIVABLE, NET$4,667 $4,463 
INVENTORIES
North America$4,098 $2,851 
Europe, Middle East & Africa1,887 1,821 
Greater China1,044 1,247 
Asia Pacific & Latin America(1)
686 667 
Global Brand Divisions197 153 
Total NIKE Brand7,912 6,739 
Converse279 290 
Corporate229 (175)
TOTAL INVENTORIES$8,420 $6,854 
PROPERTY, PLANT AND EQUIPMENT, NET
North America$639 $617 
Europe, Middle East & Africa920 982 
Greater China303 288 
Asia Pacific & Latin America(1)
274 304 
Global Brand Divisions789 780 
Total NIKE Brand2,925 2,971 
Converse49 63 
Corporate1,817 1,870 
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET$4,791 $4,904 
(1)Excludes assets held-for-sale as of May 31, 2022 and 2021. See Note 20 — Acquisitions and Divestitures for additional information.
Long-lived Assets by Geographic Areas Long-lived assets attributable to operations in these countries, which consist of property, plant and equipment, net and operating lease ROU assets, net, were as follows:
MAY 31,
(Dollars in millions)
20222021
United States$4,916 $4,927 
Belgium646 676 
China538 518