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REVENUES
6 Months Ended
Nov. 30, 2024
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, 2024
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$3,236 $1,982 $1,203 $1,234 $— $7,655 $364 $— $8,019 
Apparel1,693 1,136 472 437 — 3,738 26 — 3,764 
Equipment250 185 36 73 — 544 — 550 
Other— — — — 13 13 33 (25)21 
TOTAL REVENUES$5,179 $3,303 $1,711 $1,744 $13 $11,950 $429 $(25)$12,354 
Revenues by:
Sales to Wholesale Customers$2,866 $2,120 $904 $1,030 $— $6,920 $212 $— $7,132 
Sales through Direct to Consumer2,313 1,183 807 714 — 5,017 184 — 5,201 
Other— — — — 13 13 33 (25)21 
TOTAL REVENUES$5,179 $3,303 $1,711 $1,744 $13 $11,950 $429 $(25)$12,354 

THREE MONTHS ENDED NOVEMBER 30, 2023
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$3,757 $2,186 $1,361 $1,303 $— $8,607 $442 $— $9,049 
Apparel1,668 1,200 469 437 — 3,774 30 — 3,804 
Equipment200 181 33 65 — 479 — 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 Consumer2,723 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 
SIX MONTHS ENDED NOVEMBER 30, 2024
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$6,448 $3,934 $2,449 $2,286 $— $15,117 $800 $— $15,917 
Apparel3,024 2,129 832 785 — 6,770 43 — 6,813 
Equipment533 383 96 135 — 1,147 18 — 1,165 
Other— — — — 27 27 69 (48)48 
TOTAL REVENUES$10,005 $6,446 $3,377 $3,206 $27 $23,061 $930 $(48)$23,943 
Revenues by:
Sales to Wholesale Customers$5,341 $4,194 $1,875 $1,920 $— $13,330 $488 $— $13,818 
Sales through Direct to Consumer4,664 2,252 1,502 1,286 — 9,704 373 — 10,077 
Other— — — — 27 27 69 (48)48 
TOTAL REVENUES$10,005 $6,446 $3,377 $3,206 $27 $23,061 $930 $(48)$23,943 
SIX MONTHS ENDED NOVEMBER 30, 2023
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$7,490 $4,446 $2,648 $2,444 $— $17,028 $964 $— $17,992 
Apparel3,147 2,337 870 808 — 7,162 50 — 7,212 
Equipment411 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 Consumer5,374 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 
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, 2024 and May 31, 2024, 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.