REVENUES

6 Months Ended

Nov. 30, 2023

Revenue from Contract with Customer [Abstract]

REVENUES

NOTE 9 — REVENUES

DISAGGREGATION OF REVENUES

The following tables present the Company's Revenues disaggregated by reportable operating segment, major product line and distribution channel:

	THREE MONTHS ENDED NOVEMBER 30, 2023
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE		TOTAL NIKE, INC.
Revenues by:
Footwear	$	3,757	$	2,186	$	1,361	$	1,303	$	—	$	8,607	$	442	$	—	$	9,049
Apparel	1,668		1,200		469		437		—		3,774		30		—		3,804
Equipment	200		181		33		65		—		479		7		—		486
Other	—		—		—		—		12		12		40		(3)		49
TOTAL REVENUES	$	5,625	$	3,567	$	1,863	$	1,805	$	12	$	12,872	$	519	$	(3)	$	13,388
Revenues by:
Sales to Wholesale Customers	$	2,902	$	2,138	$	1,027	$	1,051	$	—	$	7,118	$	257	$	—	$	7,375
Sales through Direct to Consumer	2,723		1,429		836		754		—		5,742		222		—		5,964
Other	—		—		—		—		12		12		40		(3)		49
TOTAL REVENUES	$	5,625	$	3,567	$	1,863	$	1,805	$	12	$	12,872	$	519	$	(3)	$	13,388

	THREE MONTHS ENDED NOVEMBER 30, 2022
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE		TOTAL NIKE, INC.
Revenues by:
Footwear	$	3,963	$	2,063	$	1,370	$	1,108	$	—	$	8,504	$	517	$	—	$	9,021
Apparel	1,685		1,281		393		435		—		3,794		21		—		3,815
Equipment	182		145		25		56		—		408		6		—		414
Other	—		—		—		—		18		18		42		5		65
TOTAL REVENUES	$	5,830	$	3,489	$	1,788	$	1,599	$	18	$	12,724	$	586	$	5	$	13,315
Revenues by:
Sales to Wholesale Customers	$	3,183	$	2,242	$	897	$	965	$	—	$	7,287	$	304	$	—	$	7,591
Sales through Direct to Consumer	2,647		1,247		891		634		—		5,419		240		—		5,659
Other	—		—		—		—		18		18		42		5		65
TOTAL REVENUES	$	5,830	$	3,489	$	1,788	$	1,599	$	18	$	12,724	$	586	$	5	$	13,315

	SIX MONTHS ENDED NOVEMBER 30, 2023
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE		TOTAL NIKE, INC.
Revenues by:
Footwear	$	7,490	$	4,446	$	2,648	$	2,444	$	—	$	17,028	$	964	$	—	$	17,992
Apparel	3,147		2,337		870		808		—		7,162		50		—		7,212
Equipment	411		394		80		125		—		1,010		18		—		1,028
Other	—		—		—		—		25		25		75		(5)		95
TOTAL REVENUES	$	11,048	$	7,177	$	3,598	$	3,377	$	25	$	25,225	$	1,107	$	(5)	$	26,327
Revenues by:
Sales to Wholesale Customers	$	5,674	$	4,517	$	1,922	$	1,988	$	—	$	14,101	$	586	$	—	$	14,687
Sales through Direct to Consumer	5,374		2,660		1,676		1,389		—		11,099		446		—		11,545
Other	—		—		—		—		25		25		75		(5)		95
TOTAL REVENUES	$	11,048	$	7,177	$	3,598	$	3,377	$	25	$	25,225	$	1,107	$	(5)	$	26,327

	SIX MONTHS ENDED NOVEMBER 30, 2022
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE		TOTAL NIKE, INC.
Revenues by:
Footwear	$	7,768	$	4,075	$	2,603	$	2,172	$	—	$	16,618	$	1,093	$	—	$	17,711
Apparel	3,179		2,434		767		848		—		7,228		42		—		7,270
Equipment	393		313		74		114		—		894		14		—		908
Other	—		—		—		—		32		32		80		1		113
TOTAL REVENUES	$	11,340	$	6,822	$	3,444	$	3,134	$	32	$	24,772	$	1,229	$	1	$	26,002
Revenues by:
Sales to Wholesale Customers	$	6,210	$	4,445	$	1,736	$	1,879	$	—	$	14,270	$	647	$	—	$	14,917
Sales through Direct to Consumer	5,130		2,377		1,708		1,255		—		10,470		502		—		10,972
Other	—		—		—		—		32		32		80		1		113
TOTAL REVENUES	$	11,340	$	6,822	$	3,444	$	3,134	$	32	$	24,772	$	1,229	$	1	$	26,002

For the three and six months ended November 30, 2023 and 2022, Global Brand Divisions revenues included 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 November 30, 2023 and May 31, 2023, the Company did not have any contract assets and had an immaterial amount of contract liabilities recorded in Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets.