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OPERATING SEGMENTS
 9 Months Ended
Feb. 28, 2025
Segment Reporting [Abstract]  
OPERATING SEGMENTS
NOTE 11 — OPERATING SEGMENTS
The Company's operating segments are evidence of the structure of the Company's internal organization. The NIKE Brand segments are defined by geographic regions for operations participating in NIKE Brand sales activity.
Each NIKE Brand geographic segment operates predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and equipment. The Company's reportable operating segments for the NIKE Brand are: North America; Europe, Middle East & Africa ("EMEA"); Greater China; and Asia Pacific & Latin America ("APLA"), and include results for the NIKE and Jordan brands.
The Company's NIKE Direct operations are managed within each NIKE Brand geographic operating segment. Converse is also a reportable segment for the Company and operates in one industry: the design, marketing, licensing and selling of athletic lifestyle sneakers, apparel and accessories.
Global Brand Divisions is included within the NIKE Brand for presentation purposes to align with the way management views the Company. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Global Brand Divisions costs represent demand creation and operating overhead expense that include product creation and design expenses centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology.
Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.
The primary financial measure used by the Company to evaluate performance of individual operating segments is earnings before interest and taxes ("EBIT"), which represents Net income before Interest expense (income), net, and Income taxes in the Unaudited Condensed Consolidated Statements of Income.
As part of the Company's centrally managed foreign exchange risk management program, standard foreign currency rates are assigned twice per year to each NIKE Brand entity in the Company's geographic operating segments and to Converse. These rates are set approximately nine and twelve months in advance of the future selling seasons to which they relate (specifically, for each currency, one standard rate applies to the fall and holiday selling seasons, and one standard rate applies to the spring and summer selling seasons) based on average market spot rates in the calendar month preceding the date they are established. Inventories and Cost of sales for geographic operating segments and Converse reflect the use of these standard rates to record non-functional currency product purchases in the entity's functional currency. Differences between assigned standard foreign currency rates and actual market rates are included in Corporate, together with foreign currency hedge gains and losses generated from the Company's centrally managed foreign exchange risk management program and other conversion gains and losses.
Accounts receivable, net, Inventories and Property, plant and equipment, net for operating segments are regularly reviewed by management and are therefore provided below.
 THREE MONTHS ENDEDNINE MONTHS ENDED
(Dollars in millions)
FEBRUARY 28, 2025FEBRUARY 29, 2024FEBRUARY 28, 2025FEBRUARY 29, 2024
REVENUES
North America$4,864 $5,070 $14,869 $16,118 
Europe, Middle East & Africa2,811 3,138 9,257 10,315 
Greater China1,733 2,084 5,110 5,682 
Asia Pacific & Latin America1,470 1,647 4,676 5,024 
Global Brand Divisions12 9 39 34 
Total NIKE Brand10,890 11,948 33,951 37,173 
Converse405 495 1,335 1,602 
Corporate(26)(14)(74)(19)
TOTAL NIKE, INC. REVENUES$11,269 $12,429 $35,212 $38,756 
EARNINGS BEFORE INTEREST AND TAXES
North America$1,103 $1,400 $3,690 $4,360 
Europe, Middle East & Africa480 734 2,103 2,591 
Greater China421 722 1,298 1,761 
Asia Pacific & Latin America346 471 1,208 1,406 
Global Brand Divisions(1,093)(1,199)(3,453)(3,572)
Converse39 98 213 380 
Corporate(470)(874)(1,577)(2,060)
Interest expense (income), net(18)(52)(85)(108)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES$844 $1,404 $3,567 $4,974 
FEBRUARY 28,MAY 31,
(Dollars in millions)
20252024
ACCOUNTS RECEIVABLE, NET
North America$1,957 $1,723 
Europe, Middle East & Africa1,283 1,239 
Greater China260 327 
Asia Pacific & Latin America680 792 
Global Brand Divisions103 103 
Total NIKE Brand4,283 4,184 
Converse201 201 
Corporate7 42 
TOTAL ACCOUNTS RECEIVABLE, NET$4,491 $4,427 
INVENTORIES
North America$3,107 $3,134 
Europe, Middle East & Africa1,892 2,028 
Greater China1,100 1,070 
Asia Pacific & Latin America934 810 
Global Brand Divisions154 166 
Total NIKE Brand7,187 7,208 
Converse285 296 
Corporate67 15 
TOTAL INVENTORIES(1)
$7,539 $7,519 
(1)Inventories as of February 28, 2025 and May 31, 2024, were substantially all finished goods.
FEBRUARY 28,MAY 31,
(Dollars in millions)
20252024
PROPERTY, PLANT AND EQUIPMENT, NET
North America$656 $744 
Europe, Middle East & Africa1,054 1,089 
Greater China228 258 
Asia Pacific & Latin America
288 282 
Global Brand Divisions794 842 
Total NIKE Brand3,020 3,215 
Converse17 27 
Corporate1,680 1,758 
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET$4,717 $5,000