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Revenues
 12 Months Ended
May 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenues
NOTE 14 — 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, 2023
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINA
ASIA PACIFIC & LATIN AMERICA(1)
GLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$14,897 $8,260 $5,435 $4,543 $— $33,135 $2,155 $— $35,290 
Apparel5,947 4,566 1,666 1,664 — 13,843 90 — 13,933 
Equipment764 592 147 224 — 1,727 28 — 1,755 
Other— — — — 58 58 154 27 239 
TOTAL REVENUES$21,608 $13,418 $7,248 $6,431 $58 $48,763 $2,427 $27 $51,217 
Revenues by:
Sales to Wholesale Customers$11,273 $8,522 $3,866 $3,736 $— $27,397 $1,299 $— $28,696 
Sales through Direct to Consumer10,335 4,896 3,382 2,695 — 21,308 974 — 22,282 
Other— — — — 58 58 154 27 239 
TOTAL REVENUES$21,608 $13,418 $7,248 $6,431 $58 $48,763 $2,427 $27 $51,217 
(1)Refer to Note 18 — Acquisitions and Divestitures for additional information on the transition of the Company's NIKE Brand businesses in its CASA territory to third-party distributors.

YEAR ENDED MAY 31, 2022
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$12,228 $7,388 $5,416 $4,111 $— $29,143 $2,094 $— $31,237 
Apparel5,492 4,527 1,938 1,610 — 13,567 103 — 13,670 
Equipment633 564 193 234 — 1,624 26 — 1,650 
Other— — — — 102 102 123 (72)153 
TOTAL REVENUES$18,353 $12,479 $7,547 $5,955 $102 $44,436 $2,346 $(72)$46,710 
Revenues by:
Sales to Wholesale Customers$9,621 $8,377 $4,081 $3,529 $— $25,608 $1,292 $— $26,900 
Sales through Direct to Consumer8,732 4,102 3,466 2,426 — 18,726 931 — 19,657 
Other— — — — 102 102 123 (72)153 
TOTAL REVENUES$18,353 $12,479 $7,547 $5,955 $102 $44,436 $2,346 $(72)$46,710 
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 18 — Acquisitions and Divestitures for additional information on the transition of the Company's NIKE Brand business in Brazil to a third-party distributor.
For the fiscal years ended May 31, 2023, 2022 and 2021, 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, 2023 and 2022, 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, 2023 and 2022, the Company's sales-related reserve balance, which includes returns, post-invoice sales discounts and miscellaneous claims, was $994 million and $1,015 million, respectively, recorded in Accrued liabilities on the Consolidated Balance Sheets. The estimated cost of inventory for expected product returns was $226 million and $194 million as of May 31, 2023 and 2022, respectively, and was recorded in Prepaid expenses and other current assets on the Consolidated Balance Sheets.