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OPERATING SEGMENTS AND RELATED INFORMATION (Tables)
12 Months Ended
May 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
YEAR ENDED MAY 31,
(Dollars in millions)
202420232022
REVENUES
North America$21,396 $21,608 $18,353 
Europe, Middle East & Africa13,607 13,418 12,479 
Greater China7,545 7,248 7,547 
Asia Pacific & Latin America6,729 6,431 5,955 
Global Brand Divisions45 58 102 
Total NIKE Brand49,322 48,763 44,436 
Converse2,082 2,427 2,346 
Corporate(42)27 (72)
TOTAL NIKE, INC. REVENUES$51,362 $51,217 $46,710 
EARNINGS BEFORE INTEREST AND TAXES
North America$5,822 $5,454 $5,114 
Europe, Middle East & Africa3,388 3,531 3,293 
Greater China2,309 2,283 2,365 
Asia Pacific & Latin America1,885 1,932 1,896 
Global Brand Divisions(4,720)(4,841)(4,262)
Converse474 676 669 
Corporate(2,619)(2,840)(2,219)
Interest expense (income), net(161)(6)205 
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES$6,700 $6,201 $6,651 
ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT
North America$102 $283 $146 
Europe, Middle East & Africa206 215 197 
Greater China27 56 78 
Asia Pacific & Latin America75 64 56 
Global Brand Divisions233 271 222 
Total NIKE Brand643 889 699 
Converse
Corporate72 140 103 
TOTAL ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT$722 $1,036 $811 
DEPRECIATION
North America$152 $128 $124 
Europe, Middle East & Africa146 120 134 
Greater China56 54 41 
Asia Pacific & Latin America51 42 42 
Global Brand Divisions236 211 220 
Total NIKE Brand641 555 561 
Converse17 17 22 
Corporate138 131 134 
TOTAL DEPRECIATION$796 $703 $717 
Reconciliation of Assets from Segment to Consolidated
AS OF MAY 31,
(Dollars in millions)
20242023
ACCOUNTS RECEIVABLE, NET
North America$1,723 $1,653 
Europe, Middle East & Africa1,239 1,197 
Greater China327 162 
Asia Pacific & Latin America
792 700 
Global Brand Divisions103 96 
Total NIKE Brand4,184 3,808 
Converse201 235 
Corporate42 88 
TOTAL ACCOUNTS RECEIVABLE, NET$4,427 $4,131 
INVENTORIES
North America$3,134 $3,806 
Europe, Middle East & Africa2,028 2,167 
Greater China1,070 973 
Asia Pacific & Latin America
810 894 
Global Brand Divisions166 232 
Total NIKE Brand7,208 8,072 
Converse296 305 
Corporate15 77 
TOTAL INVENTORIES$7,519 $8,454 
PROPERTY, PLANT AND EQUIPMENT, NET
North America$744 $794 
Europe, Middle East & Africa1,089 1,009 
Greater China258 292 
Asia Pacific & Latin America
282 279 
Global Brand Divisions842 840 
Total NIKE Brand3,215 3,214 
Converse27 38 
Corporate1,758 1,829 
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET$5,000 $5,081 
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)
20242023
United States$4,837 $5,129 
Belgium757 702 
China501 559 
Other
1,623 1,614 
TOTAL LONG-LIVED ASSETS
$7,718 $8,004