Cover Page - shares	3 Months Ended
Cover Page - shares	Aug. 31, 2019	Sep. 30, 2019
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2019
Document Transition Report	false
Entity File Number	1-10635
Entity Registrant Name	NIKE, Inc.
Entity Incorporation, State or Country Code	OR
Entity Tax Identification Number	93-0584541
Entity Address, Address Line One	One Bowerman Drive
Entity Address, City or Town	Beaverton
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97005-6453
City Area Code	503
Local Phone Number	671-6453
Title of 12(b) Security	Class B Common Stock
Trading Symbol	NKE
Security Exchange Name	NYSE
Entity Central Index Key	0000320187
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Current Fiscal Year End Date	--05-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Convertible Common Stock
Document Information [Line Items]
Entity Common Stock Shares Outstanding (In Shares)		315,024,752
Class B Common Stock
Document Information [Line Items]
Entity Common Stock Shares Outstanding (In Shares)		1,246,027,581

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Income Statement [Abstract]
Revenues	$ 10,660	$ 9,948
Cost of sales	5,789	5,551
Gross profit	4,871	4,397
Demand creation expense	1,018	964
Operating overhead expense	2,310	2,099
Total selling and administrative expense	3,328	3,063
Interest expense (income), net	15	11
Other (income) expense, net	(33)	53
Income before income taxes	1,561	1,270
Income tax expense	194	178
NET INCOME	$ 1,367	$ 1,092
Earnings per common share:
Basic (in dollars per share)	$ 0.87	$ 0.69
Diluted (in dollars per share)	$ 0.86	$ 0.67
Weighted average common shares outstanding:
Basic (in shares)	1,562.4	1,594.0
Diluted (in shares)	1,597.5	1,634.4

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,367	$ 1,092
Other comprehensive income (loss), net of tax:
Change in net foreign currency translation adjustment	(89)	(128)
Change in net gains (losses) on cash flow hedges	36	193
Change in net gains (losses) on other	2	(3)
Total other comprehensive income (loss), net of tax	(51)	62
TOTAL COMPREHENSIVE INCOME	$ 1,316	$ 1,154

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Current assets:
Cash and equivalents	$ 3,446	$ 4,466
Short-term investments	198	197
Accounts receivable, net	4,656	4,272
Inventories	5,835	5,622
Prepaid expenses and other current assets	2,093	1,968
Total current assets	16,228	16,525
Property, plant and equipment, net	4,615	4,744
Operating lease right-of-use assets, net	2,832	0
Identifiable intangible assets, net	279	283
Goodwill	224	154
Deferred income taxes and other assets	2,071	2,011
TOTAL ASSETS	26,249	23,717
Current liabilities:
Current portion of long-term debt	6	6
Notes payable	250	9
Accounts payable	2,716	2,612
Current portion of operating lease liabilities	427	0
Accrued liabilities	4,455	5,010
Income taxes payable	216	229
Total current liabilities	8,070	7,866
Long-term debt	3,463	3,464
Operating lease liabilities	2,675	0
Deferred income taxes and other liabilities	2,841	3,347
Redeemable preferred stock	0	0
Shareholders' equity:
Capital in excess of stated value	7,296	7,163
Accumulated other comprehensive income (loss)	180	231
Retained earnings	1,721	1,643
Total shareholders' equity	9,200	9,040
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	26,249	23,717
Class A Convertible Common Stock
Shareholders' equity:
Common stock at stated value	0	0
Class B Common Stock
Shareholders' equity:
Common stock at stated value	$ 3	$ 3

Consolidated Balance Sheets (Parenthetical) - shares shares in Millions	Aug. 31, 2019	May 31, 2019
Class A Convertible Common Stock
Common Stock, shares outstanding	315	315
Class B Common Stock
Common Stock, shares outstanding	1,245	1,253

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Cash provided by operations:
Net income	$ 1,367	$ 1,092
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	169	178
Deferred income taxes	(42)	18
Stock-based compensation	80	41
Amortization and other	6	3
Net foreign currency adjustments	49	166
Changes in certain working capital components and other assets and liabilities:
(Increase) decrease in accounts receivable	(456)	(294)
(Increase) decrease in inventories	(270)	(25)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	38	(83)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	(547)	205
Cash provided by operations	394	1,301
Cash provided (used) by investing activities:
Purchases of short-term investments	(504)	(980)
Maturities of short-term investments	16	400
Sales of short-term investments	533	586
Additions to property, plant and equipment	(284)	(343)
Other investing activities	(109)	4
Cash provided (used) by investing activities	(348)	(333)
Cash used by financing activities:
Increase (decrease) in notes payable	241	(321)
Proceeds from exercise of stock options and other stock issuances	111	187
Repurchase of common stock	(999)	(1,360)
Dividends — common and preferred	(345)	(320)
Other financing activities	(18)	(18)
Cash used by financing activities	(1,010)	(1,832)
Effect of exchange rate changes on cash and equivalents	(56)	(103)
Net increase (decrease) in cash and equivalents	(1,020)	(967)
Cash and equivalents, beginning of period	4,466	4,249
CASH AND EQUIVALENTS, END OF PERIOD	3,446	3,282
Supplemental disclosure of cash flow information:
Non-cash additions to property, plant and equipment	90	110
Dividends declared and not paid	$ 344	$ 318

Unaudited Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	CAPITAL IN EXCESS OF STATED VALUE	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	RETAINED EARNINGS	Class A Common Stock	Class A Common Stock COMMON STOCK	Class B Common Stock	Class B Common Stock COMMON STOCK
Beginning Balance (in shares) at May. 31, 2018						329		1,272
Beginning balance at May. 31, 2018	$ 9,812	$ 6,384	$ (92)	$ 3,517		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								6
Stock options exercised	182	182
Conversion to Class B Common Stock (in shares)						(9)		9
Conversion to Class B Common Stock	0
Repurchase of class B common stock (in shares)								(18)
Repurchase of Class B Common Stock	(1,381)	(69)		(1,312)
Dividends on common stock and preferred stock	(318)			(318)
Issuance of shares to employees, net of shares withheld for employee taxes	(14)	(13)		(1)
Stock-based compensation	41	41
Net income	1,092			1,092
Other comprehensive income (loss)	62		62
Ending Balance (in shares) at Aug. 31, 2018						320		1,269
Ending balance at Aug. 31, 2018	8,992	6,525	(30)	2,494		$ 0		$ 3
Beginning Balance (in shares) at May. 31, 2019					315	315	1,253	1,253
Beginning balance at May. 31, 2019	9,040	7,163	231	1,643		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								4
Stock options exercised	116	116
Conversion to Class B Common Stock	0
Repurchase of class B common stock (in shares)								(12)
Repurchase of Class B Common Stock	(995)	(55)		(940)
Dividends on common stock and preferred stock	(344)			(344)
Issuance of shares to employees, net of shares withheld for employee taxes	(12)	(8)		(4)
Stock-based compensation	80	80
Net income	1,367			1,367
Other comprehensive income (loss)	(51)		(51)
Ending Balance (in shares) at Aug. 31, 2019					315	315	1,245	1,245
Ending balance at Aug. 31, 2019	$ 9,200	$ 7,296	$ 180	$ 1,721		$ 0		$ 3

Unaudited Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.20
Dividends declared per preferred share (in dollars per share)	$ 0.10	$ 0.10

Summary of Significant Accounting Policies

3 Months Ended

Aug. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The Unaudited Condensed Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the “Company” or “NIKE”) and reflect all normal recurring adjustments which are, in the opinion of management, necessary for a fair statement of the results of operations for the interim period. The year-end Condensed Consolidated Balance Sheet data as of May 31, 2019 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). The interim financial information and notes thereto should be read in conjunction with the Company's latest Annual Report on Form 10-K. The results of operations for the three months ended August 31, 2019 are not necessarily indicative of results to be expected for the entire year.

RECENTLY ADOPTED ACCOUNTING STANDARDS

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), which replaces existing lease accounting guidance. The new standard is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use (ROU) assets and corresponding lease liabilities on the balance sheet. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. The new guidance requires the Company to continue to classify leases as either an operating or finance lease, with classification affecting the pattern of expense recognition in the income statement. In addition, the new standard requires enhanced disclosure surrounding the amount, timing and uncertainty of cash flows arising from leasing agreements.

In July 2018, the FASB issued ASU No. 2018-11, which provides entities with an additional transition method. Under the new transition method, an entity initially applies the new standard at the adoption date, versus at the beginning of the earliest period presented, and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company elected this transition method and adopted Topic 842 using a modified retrospective approach in the first quarter of fiscal 2020 with the cumulative effect of initially applying the new standard recognized in Retained earnings at June 1, 2019. Comparative prior period information has not been adjusted and continues to be reported in accordance with previous lease accounting guidance in Accounting Standards Codification (ASC) Topic 840 — Leases.

Upon adoption, the Company elected the package of transition practical expedients which allowed the Company to carry forward prior conclusions related to: (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases and (iii) initial direct costs for existing leases. Additionally, the Company elected the practical expedient to not separate lease components from nonlease components for all real estate leases within the portfolio. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the Unaudited Condensed Consolidated Balance Sheets and will recognize related lease payments in the Unaudited Condensed Consolidated Statements of Income on a straight-line basis over the lease term.

In preparation for implementation, the Company executed changes to business processes, including implementing a software solution to assist with the new reporting requirements. The adoption of Topic 842 resulted in a $2.7 billion increase to total assets and total liabilities as of June 1, 2019. Upon adoption, the Company recognized $3.2 billion of total operating lease liabilities and $2.9 billion of operating lease ROU assets, as well as removed $348 million of existing deferred rent liabilities, which was recorded as an offset against the ROU assets. In addition, the Company removed $184 million of existing assets and liabilities related to build-to-suit lease arrangements. Several other asset and liability line items in the Company's Unaudited Condensed Consolidated Balance Sheets were also impacted by immaterial amounts. The adoption of the standard did not have a material impact on the Unaudited Condensed Consolidated Statements of Income or Unaudited Condensed Consolidated Statements of Cash Flows. For more information on the Company's lease arrangements refer to Note 13 — Leases.

Inventories

3 Months Ended

Aug. 31, 2019

Inventory Disclosure [Abstract]

Inventories

NOTE 2 — INVENTORIES

Inventory balances of $5,835 million and $5,622 million at August 31, 2019 and May 31, 2019, respectively, were substantially all finished goods.

Accrued Liabilities

3 Months Ended

Aug. 31, 2019

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:



	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
Sales-related reserves	$	1,157	$	1,218
Compensation and benefits, excluding taxes	816		1,232
Endorsement compensation	434		424
Dividends payable	344		346
Import and logistics costs	330		296
Taxes other than income taxes payable	274		234
Collateral received from counterparties to hedging instruments	263		289
Advertising and marketing	132		114
Fair value of derivatives	54		52
Other⁽¹⁾	651		805
TOTAL ACCRUED LIABILITIES	$	4,455	$	5,010

(1)

Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at August 31, 2019 and May 31, 2019.

Fair Value Measurements

3 Months Ended

Aug. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 4 — FAIR VALUE MEASUREMENTS

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivatives, equity securities and available-for-sale debt securities. For additional information about the Company's fair value policies refer to Note 1 — Summary of Significant Accounting Policies of the Annual Report on Form 10-K for the fiscal year ended May 31, 2019.

The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of August 31, 2019 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	AS OF AUGUST 31, 2019
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	614	$	614	$	—
Level 1:
U.S. Treasury securities	361		200		161
Level 2:
Commercial paper and bonds	31		—		31
Money market funds	1,687		1,687		—
Time deposits	949		945		4
U.S. Agency securities	2		—		2
Total Level 2	2,669		2,632		37
TOTAL	$	3,644	$	3,446	$	198



	AS OF MAY 31, 2019
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	853	$	853	$	—
Level 1:
U.S. Treasury securities	347		200		147
Level 2:
Commercial paper and bonds	34		1		33
Money market funds	1,637		1,637		—
Time deposits	1,791		1,775		16
U.S. Agency securities	1		—		1
Total Level 2	3,463		3,413		50
TOTAL	$	4,663	$	4,466	$	197

As of August 31, 2019, the Company held $155 million of available-for-sale debt securities with maturity dates within one year and $43 million with maturity dates over one year and less than five years in Short-term investments on the Unaudited Condensed Consolidated Balance Sheets. The fair value of the Company's available-for-sale debt securities approximates their amortized cost.

Included in Interest expense (income), net was interest income related to the Company's investment portfolio of $21 million and $20 million for the three months ended August 31, 2019 and 2018, respectively.

The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis as of August 31, 2019 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	AS OF AUGUST 31, 2019
	DERIVATIVE ASSETS						DERIVATIVE LIABILITIES
(Dollars in millions)	ASSETS AT FAIR VALUE		OTHER CURRENT ASSETS		OTHER LONG-TERM ASSETS		LIABILITIES AT FAIR VALUE		ACCRUED LIABILITIES		OTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options⁽¹⁾	$	578	$	549	$	29	$	55	$	53	$	2
Embedded derivatives	3		3		—		1		1		—
TOTAL	$	581	$	552	$	29	$	56	$	54	$	2

(1)

If the foreign exchange derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $44 million as of August 31, 2019. As of that date, the Company had received $263 million of cash collateral from various counterparties related to foreign exchange derivative instruments. No amount of collateral was posted on the Company's derivative liability balance as of August 31, 2019.



	AS OF MAY 31, 2019
	DERIVATIVE ASSETS						DERIVATIVE LIABILITIES
(Dollars in millions)	ASSETS AT FAIR VALUE		OTHER CURRENT ASSETS		OTHER LONG-TERM ASSETS		LIABILITIES AT FAIR VALUE		ACCRUED LIABILITIES		OTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options⁽¹⁾	$	611	$	611	$	—	$	51	$	51	$	—
Embedded derivatives	11		5		6		3		1		2
TOTAL	$	622	$	616	$	6	$	54	$	52	$	2

(1)

If the foreign exchange derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $50 million as of May 31, 2019. As of that date, the Company had received $289 million of cash collateral from various counterparties related to foreign exchange derivative instruments. No amount of collateral was posted on the Company's derivative liability balance as of May 31, 2019.

For additional information related to the Company's derivative financial instruments and credit risk, refer to Note 9 — Risk Management and Derivatives.

The carrying amounts of other current financial assets and other current financial liabilities approximate fair value.

FINANCIAL ASSETS AND LIABILITIES NOT RECORDED AT FAIR VALUE

Long-term debt is recorded at adjusted cost, net of unamortized premiums, discounts and debt issuance costs. The fair value of Long-term debt is estimated based upon quoted prices for similar instruments or quoted prices for identical instruments in inactive markets (Level 2). The fair value of the Company’s Long-term debt, including the current portion, was approximately $3,820 million at August 31, 2019 and $3,524 million at May 31, 2019.

For fair value information regarding Notes payable, refer to Note 5 — Short-Term Borrowings and Credit Lines.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Short-Term Borrowings and Credit Lines

3 Months Ended

Aug. 31, 2019

Debt Disclosure [Abstract]

Short-Term Borrowings and Credit Lines

NOTE 5 — SHORT-TERM BORROWINGS AND CREDIT LINES

The carrying amounts reflected on the Unaudited Condensed Consolidated Balance Sheets for Notes payable approximate fair value.

As of August 31, 2019, the Company had $225 million in borrowings outstanding under its $2 billion commercial paper program at a weighted average rate of 2.10%. No borrowings were outstanding at May 31, 2019. These borrowings are included within Notes payable on the Unaudited Condensed Consolidated Balance Sheets.

On August 16, 2019, the Company entered into a committed credit facility agreement with a syndicate of banks which provides for up to $2 billion of borrowings, with the option to increase borrowings up to $3 billion in total upon lender approval. The facility matures on August 16, 2024, with a one year extension option prior to any anniversary of the closing date, provided that in no event shall it extend beyond August 16, 2026. Based on the Company's current long-term senior unsecured debt ratings of AA- and A1 from Standard and Poor's Corporation and Moody's Investor Services, respectively, the interest rate charged on any outstanding borrowings would be the prevailing London Interbank Offered Rate plus 0.46%. The facility fee is 0.04% of the total commitment. The Company was in compliance with the covenants of the facility at August 31, 2019. This facility replaces the prior $2 billion credit facility agreement entered into on August 28, 2015, which would have matured August 28, 2020. As of and for the period ended August 31, 2019 and May 31, 2019, no amounts were outstanding under either committed credit facility.

There have been no other significant changes to the credit lines reported in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2019.

Income Taxes

3 Months Ended

Aug. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 6 — INCOME TAXES

The effective tax rate was 12.4% and 14.0% for the three months ended August 31, 2019 and August 31, 2018 respectively. The change in the Company's effective tax rate was due to a change in the proportion of earnings taxed in the United States and discrete items.

As of August 31, 2019, total gross unrecognized tax benefits, excluding related interest and penalties, were $897 million, $624 million of which would affect the Company's effective tax rate if recognized in future periods. The majority of the total gross unrecognized tax benefits are long-term in nature and included within Deferred income taxes and other liabilities on the Unaudited Condensed Consolidated Balance Sheets. As of May 31, 2019, total gross unrecognized tax benefits, excluding related interest and penalties, were $808 million. The liability for payment of interest and penalties decreased by $29 million during the three months ended August 31, 2019. As of August 31, 2019 and May 31, 2019, accrued interest and penalties related to uncertain tax positions were $145 million and $174 million, respectively (excluding federal benefit).

The Company is subject to taxation in the United States, as well as various state and foreign jurisdictions. The Company has closed all U.S. federal income tax matters through fiscal 2016, with the exception of certain transfer pricing adjustments.

The Company's major foreign jurisdictions, China and the Netherlands, have concluded substantially all income tax matters through calendar 2008 and fiscal 2013, respectively. Although the timing of resolution of audits is not certain, the Company evaluates all domestic and foreign audit issues in the aggregate, along with the expiration of applicable statutes of limitations, and estimates that it is reasonably possible the total gross unrecognized tax benefits could decrease by up to $150 million within the next 12 months. In January 2019, the European Commission opened a formal investigation to examine whether the Netherlands has breached State Aid rules when granting certain tax rulings to the Company. The Company believes the investigation is without merit. If this matter is adversely resolved, the Netherlands may be required to assess additional amounts with respect to current and prior periods, and the Company's Netherlands income taxes in the future could increase.

Stock-Based Compensation

3 Months Ended

Aug. 31, 2019

Share-based Compensation [Abstract]

Stock-Based Compensation

NOTE 7 — STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

The NIKE, Inc. Stock Incentive Plan (the “Stock Incentive Plan”) provides for the issuance of up to 718 million previously unissued shares of Class B Common Stock in connection with equity awards granted under the Stock Incentive Plan. The Stock Incentive Plan authorizes the grant of non-statutory stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units and performance-based awards. In addition to the Stock Incentive Plan, the Company gives employees the right to purchase shares at a discount from the market price under employee stock purchase plans (ESPPs). Refer to Note 11 - Common Stock and Stock-Based Compensation of the Annual Report on Form 10-K for the fiscal year ended May 31, 2019 for further information.

The following table summarizes the Company's total stock-based compensation expense recognized in Cost of sales or Operating overhead expense, as applicable:



	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019		2018
Stock options⁽¹⁾	$	42	$	20
ESPPs	13		10
Restricted stock	25		11
TOTAL STOCK-BASED COMPENSATION EXPENSE	$	80	$	41


(1)	Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees meeting certain retirement eligibility requirements.

The income tax benefit related to stock-based compensation expense was $37 million and $53 million for the three months ended August 31, 2019 and 2018, respectively.

STOCK OPTIONS

The weighted average fair value per share of the options granted during the three months ended August 31, 2019 and 2018, computed as of the grant date using the Black-Scholes pricing model, was $18.33 and $17.44, respectively. The weighted average assumptions used to estimate these fair values were as follows:



	THREE MONTHS ENDED AUGUST 31,
	2019		2018
Dividend yield	1.1	%	1.0	%
Expected volatility	22.9	%	19.7	%
Weighted average expected life (in years)	6.0		6.0
Risk-free interest rate	1.7	%	2.9	%

Expected volatilities are based on the historical volatility of the Company's common stock, the implied volatility in market traded options on the Company's common stock with a term greater than one year, as well as other factors. The weighted average expected life of options is based on an analysis of historical and expected future exercise patterns. The interest rate is based on the U.S. Treasury (constant maturity) risk-free rate in effect at the date of grant for periods corresponding with the expected term of the options.

As of August 31, 2019, the Company had $320 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized in Cost of sales or Operating overhead expense, as applicable, over a weighted average remaining period of 2.6 years.

RESTRICTED STOCK AND RESTRICTED STOCK UNITS

The weighted average fair values per share of restricted stock and restricted stock units granted for the three months ended August 31, 2019 and 2018, computed as of the grant date, was $84.19 and $76.42, respectively. As of August 31, 2019, the Company had $200 million of unrecognized compensation costs from restricted stock and restricted stock units, net of estimated forfeitures, to be recognized in Cost of sales or Operating overhead expense, as applicable, over a weighted average remaining period of 2.5 years.

Earnings Per Share

3 Months Ended

Aug. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 8 — EARNINGS PER SHARE

The following is a reconciliation from basic earnings per common share to diluted earnings per common share. The computations of diluted earnings per common share excluded options, including shares under ESPPs, to purchase an additional 19.1 million and 3.1 million shares of common stock outstanding for the three months ended August 31, 2019 and 2018, respectively, because the options were anti-dilutive.



	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions, except per share data)	2019		2018
Net income available to common stockholders	$	1,367	$	1,092
Determination of shares:
Weighted average common shares outstanding	1,562.4		1,594.0
Assumed conversion of dilutive stock options and awards	35.1		40.4
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,597.5		1,634.4
Earnings per common share:
Basic	$	0.87	$	0.69
Diluted	$	0.86	$	0.67

Risk Management and Derivatives

3 Months Ended

Aug. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Risk Management and Derivatives

NOTE 9 — RISK MANAGEMENT AND DERIVATIVES

The Company is exposed to global market risks, including the effect of changes in foreign currency exchange rates and interest rates, and uses derivatives to manage financial exposures that occur in the normal course of business. As of and for the three months ended August 31, 2019, there have been no material changes to the Company's hedging program or strategy from what was disclosed within the Annual Report on Form 10-K. For additional information about the Company's derivatives and hedging policies refer to Note 1 — Summary of Significant Accounting Policies and Note 14 - Risk Management and Derivatives of the Annual Report on Form 10-K for the fiscal year ended May 31, 2019.

The majority of derivatives outstanding as of August 31, 2019 are designated as foreign currency cash flow hedges, primarily for Euro/U.S. Dollar, Japanese Yen/U.S. Dollar, British Pound/Euro and Chinese Yuan/U.S. Dollar currency pairs. All derivatives are recognized on the Unaudited Condensed Consolidated Balance Sheets at fair value and classified based on the instrument's maturity date.

The following table presents the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of August 31, 2019 and May 31, 2019:



	DERIVATIVE ASSETS					DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	AUGUST 31,		MAY 31,		BALANCE SHEET LOCATION	AUGUST 31,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2019		2019		BALANCE SHEET LOCATION	2019		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	494	$	509	Accrued liabilities	$	16	$	5
Foreign exchange forwards and options	Deferred income taxes and other assets	29		—		Deferred income taxes and other liabilities	2		—
Total derivatives formally designated as hedging instruments		523		509			18		5
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	55		102		Accrued liabilities	37		46
Embedded derivatives	Prepaid expenses and other current assets	3		5		Accrued liabilities	1		1
Embedded derivatives	Deferred income taxes and other assets	—		6		Deferred income taxes and other liabilities	—		2
Total derivatives not designated as hedging instruments		58		113			38		49
TOTAL DERIVATIVES		$	581	$	622		$	56	$	54

The following table presents the amounts in the Unaudited Condensed Consolidated Statements of Income in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items for the three months ended August 31, 2019 and 2018:



	THREE MONTHS ENDED AUGUST 31,
	2019						2018
(Dollars in millions)	TOTAL			AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY			TOTAL		AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY
Revenues	$	10,660		$	8		$	9,948	$	5
Cost of sales	5,789			75			5,551		(44		)
Other (income) expense, net	(33		)	46			53		(9		)
Interest expense (income), net	15			(2		)	11		(2		)

The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income for the three months ended August 31, 2019 and 2018:



(Dollars in millions)	AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES⁽¹⁾				AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME⁽¹⁾
	THREE MONTHS ENDED AUGUST 31,				LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	THREE MONTHS ENDED AUGUST 31,
	2019		2018			2019			2018
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	21	$	16	Revenues	$	8		$	5
Foreign exchange forwards and options	109		101		Cost of sales	75			(44		)
Foreign exchange forwards and options	33		26		Other (income) expense, net	46			(9		)
Interest rate swaps⁽²⁾	—		—		Interest expense (income), net	(2		)	(2		)
Total designated cash flow hedges	$	163	$	143		$	127		$	(50	)


(1)	For the three months ended August 31, 2019 and 2018, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.


(2)	Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest expense (income), net over the term of the issued debt.



	AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES						LOCATION OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES
	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019			2018
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	—		$	114		Other (income) expense, net
Embedded derivatives	(1		)	(2		)	Other (income) expense, net

CASH FLOW HEDGES

All changes in fair value of derivatives designated as cash flow hedges are recorded in Accumulated other comprehensive income (loss) until Net income is affected by the variability of cash flows of the hedged transaction. Effective hedge results are classified in the Unaudited Condensed Consolidated Statements of Income in the same manner as the underlying exposure. Derivative instruments designated as cash flow hedges must be discontinued when it is no longer probable the forecasted hedged transaction will occur in the initially identified time period. The gains and losses associated with discontinued derivative instruments in Accumulated other comprehensive income (loss) will be recognized immediately in Other (income) expense, net, if it is probable the forecasted hedged transaction will not occur by the end of the initially identified time period or within an additional two-month period thereafter. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company accounts for the derivative as an undesignated instrument as discussed below.

The total notional amount of outstanding foreign currency derivatives designated as cash flow hedges was approximately $8.9 billion as of August 31, 2019. Approximately $557 million of deferred net gains (net of tax) on both outstanding and matured derivatives in Accumulated other comprehensive income (loss) as of August 31, 2019, are expected to be reclassified to Net income during the next 12 months concurrent with the underlying hedged transactions also being recorded in Net income. Actual amounts ultimately reclassified to Net income are dependent on the exchange rates in effect when derivative contracts currently outstanding mature. As of August 31, 2019, the maximum term over which the Company hedges exposures to the variability of cash flows for its forecasted transactions was 21 months.

UNDESIGNATED DERIVATIVE INSTRUMENTS

The Company may elect to enter into foreign exchange forwards to mitigate the change in fair value of specific assets and liabilities on the Unaudited Condensed Consolidated Balance Sheets and/or the embedded derivative contracts. These undesignated instruments are recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in Other (income) expense, net, together with the re-measurement gain or loss from the hedged balance sheet position and/or embedded derivative contract. The total notional amount of outstanding undesignated derivative instruments was $4.2 billion as of August 31, 2019.

EMBEDDED DERIVATIVES

Embedded derivative contracts are treated as foreign currency forward contracts that are bifurcated from the related contract and recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in Other (income) expense, net, through the date the foreign currency fluctuations cease to exist.

At August 31, 2019, the total notional amount of embedded derivatives outstanding was approximately $370 million.

CREDIT RISK

As of August 31, 2019, the Company was in compliance with all credit risk-related contingent features, and derivative instruments with such features in a net liability position were immaterial. Accordingly, the Company was not required to post any collateral as a result of these contingent features. Further, as of August 31, 2019, the Company had $263 million of cash collateral received from various counterparties to its derivative contracts. The Company considers the impact of the risk of counterparty default to be immaterial.

For additional information related to the Company's derivative financial instruments and collateral, refer to Note 4 - Fair Value Measurements.

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Aug. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

NOTE 10 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:



(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT⁽¹⁾			CASH FLOW HEDGES			NET INVESTMENT HEDGES⁽¹⁾		OTHER			TOTAL
Balance at May 31, 2019	$	(346	)	$	520		$	115	$	(58	)	$	231
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(89		)	163			—		3			77
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			(127		)	—		(1		)	(128		)
Total other comprehensive income (loss)	(89		)	36			—		2			(51		)
Balance at August 31, 2019	$	(435	)	$	556		$	115	$	(56	)	$	180


(1)	The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.


(2)	Net of tax benefit (expense) of $0 million, $0 million, $0 million, $0 million and $0 million, respectively.


(3)	Net of tax (benefit) expense of $0 million, $0 million, $0 million, $0 million and $0 million, respectively.



(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT⁽¹⁾			CASH FLOW HEDGES		NET INVESTMENT HEDGES⁽¹⁾		OTHER			TOTAL
Balance at May 31, 2018	$	(173	)	$	17	$	115	$	(51	)	$	(92	)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(128		)	142		—		4			18
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			51		—		(7		)	44
Total other comprehensive income (loss)	(128		)	193		—		(3		)	62
Balance at August 31, 2018	$	(301	)	$	210	$	115	$	(54	)	$	(30	)


(1)	The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.


(2)	Net of tax benefit (expense) of $0 million, $(1) million, $0 million, $0 million and $(1) million, respectively.


(3)	Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.

The following table summarizes the reclassifications from Accumulated other comprehensive income (loss) to the Unaudited Condensed Consolidated Statements of Income:



	AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME						LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019			2018
Gains (losses) on cash flow hedges:
Foreign exchange forwards and options	$	8		$	5		Revenues
Foreign exchange forwards and options	75			(44		)	Cost of sales
Foreign exchange forwards and options	46			(9		)	Other (income) expense, net
Interest rate swaps	(2		)	(2		)	Interest expense (income), net
Total before tax	127			(50		)
Tax (expense) benefit	—			(1		)
Gain (loss) net of tax	127			(51		)
Gains (losses) on other	1			7			Other (income) expense, net
Total before tax	1			7
Tax (expense) benefit	—			—
Gain (loss) net of tax	1			7
Total net gain (loss) reclassified for the period	$	128		$	(44	)

Revenues

3 Months Ended

Aug. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenues

NOTE 11 — REVENUES

DISAGGREGATION OF REVENUES

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



	THREE MONTHS ENDED AUGUST 31, 2019
(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	$	2,669	$	1,758	$	1,164	$	930	$	—	$	6,521	$	496	$	—	$	7,017
Apparel	1,431		869		465		356		—		3,121		26		—		3,147
Equipment	193		146		50		59		—		448		9		—		457
Other⁽¹⁾	—		—		—		—		6		6		24		9		39
TOTAL REVENUES	$	4,293	$	2,773	$	1,679	$	1,345	$	6	$	10,096	$	555	$	9	$	10,660
Revenues by:
Sales to Wholesale Customers	$	2,864	$	2,042	$	986	$	950	$	—	$	6,842	$	367	$	—	$	7,209
Sales through Direct to Consumer	1,429		731		693		395		—		3,248		164		—		3,412
Other⁽¹⁾	—		—		—		—		6		6		24		9		39
TOTAL REVENUES	$	4,293	$	2,773	$	1,679	$	1,345	$	6	$	10,096	$	555	$	9	$	10,660


(1)	Other revenues for Global Brand Divisions and Converse are primarily attributable to licensing businesses. Other revenues for Corporate primarily consist 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.



	THREE MONTHS ENDED AUGUST 31, 2018
(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	$	2,555	$	1,642	$	958	$	881	$	—	$	6,036	$	461	$	—	$	6,497
Apparel	1,407		830		380		332		—		2,949		30		—		2,979
Equipment	183		135		41		57		—		416		8		—		424
Other⁽¹⁾	—		—		—		—		16		16		28		4		48
TOTAL REVENUES	$	4,145	$	2,607	$	1,379	$	1,270	$	16	$	9,417	$	527	$	4	$	9,948
Revenues by:
Sales to Wholesale Customers	$	2,829	$	1,916	$	871	$	934	$	—	$	6,550	$	366	$	—	$	6,916
Sales through Direct to Consumer	1,316		691		508		336		—		2,851		133		—		2,984
Other⁽¹⁾	—		—		—		—		16		16		28		4		48
TOTAL REVENUES	$	4,145	$	2,607	$	1,379	$	1,270	$	16	$	9,417	$	527	$	4	$	9,948


(1)	Other revenues for Global Brand Divisions and Converse are primarily attributable to licensing businesses. Other revenues for Corporate primarily consist 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 August 31, 2019 and May 31, 2019, 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.

Operating Segments

3 Months Ended

Aug. 31, 2019

Segment Reporting [Abstract]

Operating Segments

NOTE 12 — 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; Greater China; and Asia Pacific & Latin America, and include results for the NIKE, Jordan and Hurley 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 primarily represent NIKE Brand licensing businesses that are not part of a geographic operating segment, and demand creation and operating overhead expense, including product creation and design expenses that are 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 (commonly referred to as “EBIT”), which represents Net income before Interest expense (income), net and Income tax expense 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 ENDED AUGUST 31,
(Dollars in millions)	2019			2018
REVENUES
North America	$	4,293		$	4,145
Europe, Middle East & Africa	2,773			2,607
Greater China	1,679			1,379
Asia Pacific & Latin America	1,345			1,270
Global Brand Divisions	6			16
Total NIKE Brand	10,096			9,417
Converse	555			527
Corporate	9			4
TOTAL NIKE, INC. REVENUES	$	10,660		$	9,948
EARNINGS BEFORE INTEREST AND TAXES
North America	$	1,100		$	1,077
Europe, Middle East & Africa	609			501
Greater China	669			502
Asia Pacific & Latin America	341			323
Global Brand Divisions	(857		)	(818		)
Converse	138			98
Corporate	(424		)	(402		)
Interest expense (income), net	15			11
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	1,561		$	1,270



	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
ACCOUNTS RECEIVABLE, NET
North America	$	1,795	$	1,718
Europe, Middle East & Africa	1,321		1,164
Greater China	344		245
Asia Pacific & Latin America	789		771
Global Brand Divisions	114		105
Total NIKE Brand	4,363		4,003
Converse	249		243
Corporate	44		26
TOTAL ACCOUNTS RECEIVABLE, NET	$	4,656	$	4,272
INVENTORIES
North America	$	2,271	$	2,328
Europe, Middle East & Africa	1,459		1,390
Greater China	775		693
Asia Pacific & Latin America	817		694
Global Brand Divisions	143		126
Total NIKE Brand	5,465		5,231
Converse	260		269
Corporate	110		122
TOTAL INVENTORIES	$	5,835	$	5,622



	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	665	$	814
Europe, Middle East & Africa	832		929
Greater China	220		237
Asia Pacific & Latin America	326		326
Global Brand Divisions	759		665
Total NIKE Brand	2,802		2,971
Converse	93		100
Corporate	1,720		1,673
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,615	$	4,744

Leases

3 Months Ended

Aug. 31, 2019

Leases [Abstract]

Leases

NOTE 13 — LEASES

The Company primarily leases retail store space, certain distribution and warehouse facilities, office space, equipment and other non-real estate assets. The Company determines if an arrangement is a lease at inception and begins recording lease activity at the commencement date, which is generally the date in which the Company takes possession of or controls the physical use of the asset. ROU assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. The Company's incremental borrowing rate is used to determine the present value of future lease payments unless the implicit rate is readily determinable. As of and for the three months ended August 31, 2019, finance leases were not a material component of the Company's lease portfolio.

Lease agreements may contain rent escalation clauses, renewal or termination options, rent holidays or certain landlord incentives, including tenant improvement allowances. ROU assets include amounts for scheduled rent increases and are reduced by the amount of lease incentives. The lease term includes the non-cancelable period of the lease and may include options to extend or terminate the lease when it is reasonably certain the Company will exercise the option. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation.

Lease expense is recognized in Cost of sales or Operating overhead expense within the Unaudited Condensed Consolidated Statements of Income, based on the underlying nature of the leased asset. For the three months ended August 31, 2019, lease expense primarily consisted of operating lease costs of $239 million, including $93 million primarily related to variable lease costs and an immaterial amount of short-term lease costs.

Amounts of future undiscounted cash flows related to operating lease payments over the lease term are as follows and are reconciled to the present value of the operating lease liabilities as recorded on the Unaudited Condensed Consolidated Balance Sheets:



(Dollars in millions)	AS OF AUGUST 31, 2019⁽¹⁾
Remainder of Fiscal 2020	$	405
Fiscal 2021	501
Fiscal 2022	439
Fiscal 2023	383
Fiscal 2024	343
Thereafter	1,482
Total undiscounted future cash flows related to lease payments	$	3,553
Less: Interest	451
Present value of lease liabilities	$	3,102


(1)	Excludes $410 million of future operating lease payments for lease agreements signed but not yet commenced.

Amounts of minimum future annual commitments under non-cancelable operating and capital leases in accordance with Topic 840 were as follows:



	AS OF MAY 31, 2019
(Dollars in millions)	OPERATING LEASES		CAPITAL LEASES AND OTHER FINANCING OBLIGATIONS⁽¹⁾		TOTAL
Fiscal 2020	$	553	$	32	$	585
Fiscal 2021	513		34		547
Fiscal 2022	441		40		481
Fiscal 2023	386		37		423
Fiscal 2024	345		34		379
Thereafter	1,494		197		1,691
TOTAL	$	3,732	$	374	$	4,106


(1)	Capital leases and other financing obligations include payments related to build-to-suit lease arrangements.

The following table includes the weighted average remaining lease terms, in years, and the weighted average discount rate used to calculate the present value of operating lease liabilities:



	AS OF AUGUST 31,
	2019
Weighted-average remaining lease term (years)	8.8
Weighted-average discount rate	2.7	%

The following table includes supplemental cash and non-cash information related to operating leases:



	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	136
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities⁽¹⁾	37

(1)

Excludes the amount initially capitalized in conjunction with the adoption of Topic 842.

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Aug. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The Unaudited Condensed Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the “Company” or “NIKE”) and reflect all normal recurring adjustments which are, in the opinion of management, necessary for a fair statement of the results of operations for the interim period. The year-end Condensed Consolidated Balance Sheet data as of May 31, 2019 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). The interim financial information and notes thereto should be read in conjunction with the Company's latest Annual Report on Form 10-K. The results of operations for the three months ended August 31, 2019 are not necessarily indicative of results to be expected for the entire year.
Recently Adopted Accounting Standards	RECENTLY ADOPTED ACCOUNTING STANDARDS In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), which replaces existing lease accounting guidance. The new standard is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use (ROU) assets and corresponding lease liabilities on the balance sheet. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. The new guidance requires the Company to continue to classify leases as either an operating or finance lease, with classification affecting the pattern of expense recognition in the income statement. In addition, the new standard requires enhanced disclosure surrounding the amount, timing and uncertainty of cash flows arising from leasing agreements. In July 2018, the FASB issued ASU No. 2018-11, which provides entities with an additional transition method. Under the new transition method, an entity initially applies the new standard at the adoption date, versus at the beginning of the earliest period presented, and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company elected this transition method and adopted Topic 842 using a modified retrospective approach in the first quarter of fiscal 2020 with the cumulative effect of initially applying the new standard recognized in Retained earnings at June 1, 2019. Comparative prior period information has not been adjusted and continues to be reported in accordance with previous lease accounting guidance in Accounting Standards Codification (ASC) Topic 840 — Leases. Upon adoption, the Company elected the package of transition practical expedients which allowed the Company to carry forward prior conclusions related to: (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases and (iii) initial direct costs for existing leases. Additionally, the Company elected the practical expedient to not separate lease components from nonlease components for all real estate leases within the portfolio. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the Unaudited Condensed Consolidated Balance Sheets and will recognize related lease payments in the Unaudited Condensed Consolidated Statements of Income on a straight-line basis over the lease term. In preparation for implementation, the Company executed changes to business processes, including implementing a software solution to assist with the new reporting requirements. The adoption of Topic 842 resulted in a $2.7 billion increase to total assets and total liabilities as of June 1, 2019. Upon adoption, the Company recognized $3.2 billion of total operating lease liabilities and $2.9 billion of operating lease ROU assets, as well as removed $348 million of existing deferred rent liabilities, which was recorded as an offset against the ROU assets. In addition, the Company removed $184 million of existing assets and liabilities related to build-to-suit lease arrangements. Several other asset and liability line items in the Company's Unaudited Condensed Consolidated Balance Sheets were also impacted by immaterial amounts. The adoption of the standard did not have a material impact on the Unaudited Condensed Consolidated Statements of Income or Unaudited Condensed Consolidated Statements of Cash Flows. For more information on the Company's lease arrangements refer to Note 13 — Leases.
Fair Value Measurements	The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivatives, equity securities and available-for-sale debt securities.
Embedded Derivatives	EMBEDDED DERIVATIVES Embedded derivative contracts are treated as foreign currency forward contracts that are bifurcated from the related contract and recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in Other (income) expense, net, through the date the foreign currency fluctuations cease to exist.
Hedging Derivatives	CASH FLOW HEDGES All changes in fair value of derivatives designated as cash flow hedges are recorded in Accumulated other comprehensive income (loss) until Net income is affected by the variability of cash flows of the hedged transaction. Effective hedge results are classified in the Unaudited Condensed Consolidated Statements of Income in the same manner as the underlying exposure. Derivative instruments designated as cash flow hedges must be discontinued when it is no longer probable the forecasted hedged transaction will occur in the initially identified time period. The gains and losses associated with discontinued derivative instruments in Accumulated other comprehensive income (loss) will be recognized immediately in Other (income) expense, net, if it is probable the forecasted hedged transaction will not occur by the end of the initially identified time period or within an additional two-month period thereafter. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company accounts for the derivative as an undesignated instrument as discussed below.
Undesignated Derivative Instruments	UNDESIGNATED DERIVATIVE INSTRUMENTS The Company may elect to enter into foreign exchange forwards to mitigate the change in fair value of specific assets and liabilities on the Unaudited Condensed Consolidated Balance Sheets and/or the embedded derivative contracts. These undesignated instruments are recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in Other (income) expense, net, together with the re-measurement gain or loss from the hedged balance sheet position and/or embedded derivative contract.
Operating Leases	The Company primarily leases retail store space, certain distribution and warehouse facilities, office space, equipment and other non-real estate assets. The Company determines if an arrangement is a lease at inception and begins recording lease activity at the commencement date, which is generally the date in which the Company takes possession of or controls the physical use of the asset. ROU assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. The Company's incremental borrowing rate is used to determine the present value of future lease payments unless the implicit rate is readily determinable. As of and for the three months ended August 31, 2019, finance leases were not a material component of the Company's lease portfolio. Lease agreements may contain rent escalation clauses, renewal or termination options, rent holidays or certain landlord incentives, including tenant improvement allowances. ROU assets include amounts for scheduled rent increases and are reduced by the amount of lease incentives. The lease term includes the non-cancelable period of the lease and may include options to extend or terminate the lease when it is reasonably certain the Company will exercise the option. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation. Lease expense is recognized in Cost of sales or Operating overhead expense within the Unaudited Condensed Consolidated Statements of Income, based on the underlying nature of the leased asset.

Accrued Liabilities (Tables)

3 Months Ended

Aug. 31, 2019

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities included the following:



	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
Sales-related reserves	$	1,157	$	1,218
Compensation and benefits, excluding taxes	816		1,232
Endorsement compensation	434		424
Dividends payable	344		346
Import and logistics costs	330		296
Taxes other than income taxes payable	274		234
Collateral received from counterparties to hedging instruments	263		289
Advertising and marketing	132		114
Fair value of derivatives	54		52
Other⁽¹⁾	651		805
TOTAL ACCRUED LIABILITIES	$	4,455	$	5,010

(1)

Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at August 31, 2019 and May 31, 2019.

Fair Value Measurements (Tables)

3 Months Ended

Aug. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of August 31, 2019 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	AS OF AUGUST 31, 2019
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	614	$	614	$	—
Level 1:
U.S. Treasury securities	361		200		161
Level 2:
Commercial paper and bonds	31		—		31
Money market funds	1,687		1,687		—
Time deposits	949		945		4
U.S. Agency securities	2		—		2
Total Level 2	2,669		2,632		37
TOTAL	$	3,644	$	3,446	$	198



	AS OF MAY 31, 2019
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	853	$	853	$	—
Level 1:
U.S. Treasury securities	347		200		147
Level 2:
Commercial paper and bonds	34		1		33
Money market funds	1,637		1,637		—
Time deposits	1,791		1,775		16
U.S. Agency securities	1		—		1
Total Level 2	3,463		3,413		50
TOTAL	$	4,663	$	4,466	$	197

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis as of August 31, 2019 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	AS OF AUGUST 31, 2019
	DERIVATIVE ASSETS						DERIVATIVE LIABILITIES
(Dollars in millions)	ASSETS AT FAIR VALUE		OTHER CURRENT ASSETS		OTHER LONG-TERM ASSETS		LIABILITIES AT FAIR VALUE		ACCRUED LIABILITIES		OTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options⁽¹⁾	$	578	$	549	$	29	$	55	$	53	$	2
Embedded derivatives	3		3		—		1		1		—
TOTAL	$	581	$	552	$	29	$	56	$	54	$	2

(1)

If the foreign exchange derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $44 million as of August 31, 2019. As of that date, the Company had received $263 million of cash collateral from various counterparties related to foreign exchange derivative instruments. No amount of collateral was posted on the Company's derivative liability balance as of August 31, 2019.



	AS OF MAY 31, 2019
	DERIVATIVE ASSETS						DERIVATIVE LIABILITIES
(Dollars in millions)	ASSETS AT FAIR VALUE		OTHER CURRENT ASSETS		OTHER LONG-TERM ASSETS		LIABILITIES AT FAIR VALUE		ACCRUED LIABILITIES		OTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options⁽¹⁾	$	611	$	611	$	—	$	51	$	51	$	—
Embedded derivatives	11		5		6		3		1		2
TOTAL	$	622	$	616	$	6	$	54	$	52	$	2

(1)

If the foreign exchange derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $50 million as of May 31, 2019. As of that date, the Company had received $289 million of cash collateral from various counterparties related to foreign exchange derivative instruments. No amount of collateral was posted on the Company's derivative liability balance as of May 31, 2019.

The following table presents the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of August 31, 2019 and May 31, 2019:



	DERIVATIVE ASSETS					DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	AUGUST 31,		MAY 31,		BALANCE SHEET LOCATION	AUGUST 31,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2019		2019		BALANCE SHEET LOCATION	2019		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	494	$	509	Accrued liabilities	$	16	$	5
Foreign exchange forwards and options	Deferred income taxes and other assets	29		—		Deferred income taxes and other liabilities	2		—
Total derivatives formally designated as hedging instruments		523		509			18		5
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	55		102		Accrued liabilities	37		46
Embedded derivatives	Prepaid expenses and other current assets	3		5		Accrued liabilities	1		1
Embedded derivatives	Deferred income taxes and other assets	—		6		Deferred income taxes and other liabilities	—		2
Total derivatives not designated as hedging instruments		58		113			38		49
TOTAL DERIVATIVES		$	581	$	622		$	56	$	54

Stock-Based Compensation (Tables)

3 Months Ended

Aug. 31, 2019

Share-based Compensation [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

The following table summarizes the Company's total stock-based compensation expense recognized in Cost of sales or Operating overhead expense, as applicable:



	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019		2018
Stock options⁽¹⁾	$	42	$	20
ESPPs	13		10
Restricted stock	25		11
TOTAL STOCK-BASED COMPENSATION EXPENSE	$	80	$	41

(1)

Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees meeting certain retirement eligibility requirements.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted average assumptions used to estimate these fair values were as follows:



	THREE MONTHS ENDED AUGUST 31,
	2019		2018
Dividend yield	1.1	%	1.0	%
Expected volatility	22.9	%	19.7	%
Weighted average expected life (in years)	6.0		6.0
Risk-free interest rate	1.7	%	2.9	%

Earnings Per Share (Tables)

3 Months Ended

Aug. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation from basic earnings per common share to diluted earnings per common share. The computations of diluted earnings per common share excluded options, including shares under ESPPs, to purchase an additional 19.1 million and 3.1 million shares of common stock outstanding for the three months ended August 31, 2019 and 2018, respectively, because the options were anti-dilutive.



	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions, except per share data)	2019		2018
Net income available to common stockholders	$	1,367	$	1,092
Determination of shares:
Weighted average common shares outstanding	1,562.4		1,594.0
Assumed conversion of dilutive stock options and awards	35.1		40.4
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,597.5		1,634.4
Earnings per common share:
Basic	$	0.87	$	0.69
Diluted	$	0.86	$	0.67

Risk Management and Derivatives (Tables)

3 Months Ended

Aug. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis as of August 31, 2019 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	AS OF AUGUST 31, 2019
	DERIVATIVE ASSETS						DERIVATIVE LIABILITIES
(Dollars in millions)	ASSETS AT FAIR VALUE		OTHER CURRENT ASSETS		OTHER LONG-TERM ASSETS		LIABILITIES AT FAIR VALUE		ACCRUED LIABILITIES		OTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options⁽¹⁾	$	578	$	549	$	29	$	55	$	53	$	2
Embedded derivatives	3		3		—		1		1		—
TOTAL	$	581	$	552	$	29	$	56	$	54	$	2

(1)

If the foreign exchange derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $44 million as of August 31, 2019. As of that date, the Company had received $263 million of cash collateral from various counterparties related to foreign exchange derivative instruments. No amount of collateral was posted on the Company's derivative liability balance as of August 31, 2019.



	AS OF MAY 31, 2019
	DERIVATIVE ASSETS						DERIVATIVE LIABILITIES
(Dollars in millions)	ASSETS AT FAIR VALUE		OTHER CURRENT ASSETS		OTHER LONG-TERM ASSETS		LIABILITIES AT FAIR VALUE		ACCRUED LIABILITIES		OTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options⁽¹⁾	$	611	$	611	$	—	$	51	$	51	$	—
Embedded derivatives	11		5		6		3		1		2
TOTAL	$	622	$	616	$	6	$	54	$	52	$	2

(1)

If the foreign exchange derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $50 million as of May 31, 2019. As of that date, the Company had received $289 million of cash collateral from various counterparties related to foreign exchange derivative instruments. No amount of collateral was posted on the Company's derivative liability balance as of May 31, 2019.

The following table presents the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of August 31, 2019 and May 31, 2019:



	DERIVATIVE ASSETS					DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	AUGUST 31,		MAY 31,		BALANCE SHEET LOCATION	AUGUST 31,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2019		2019		BALANCE SHEET LOCATION	2019		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	494	$	509	Accrued liabilities	$	16	$	5
Foreign exchange forwards and options	Deferred income taxes and other assets	29		—		Deferred income taxes and other liabilities	2		—
Total derivatives formally designated as hedging instruments		523		509			18		5
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	55		102		Accrued liabilities	37		46
Embedded derivatives	Prepaid expenses and other current assets	3		5		Accrued liabilities	1		1
Embedded derivatives	Deferred income taxes and other assets	—		6		Deferred income taxes and other liabilities	—		2
Total derivatives not designated as hedging instruments		58		113			38		49
TOTAL DERIVATIVES		$	581	$	622		$	56	$	54

Schedule Of Derivative Instruments, Gain (Loss) In Statement Of Income

The following table presents the amounts in the Unaudited Condensed Consolidated Statements of Income in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items for the three months ended August 31, 2019 and 2018:



	THREE MONTHS ENDED AUGUST 31,
	2019						2018
(Dollars in millions)	TOTAL			AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY			TOTAL		AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY
Revenues	$	10,660		$	8		$	9,948	$	5
Cost of sales	5,789			75			5,551		(44		)
Other (income) expense, net	(33		)	46			53		(9		)
Interest expense (income), net	15			(2		)	11		(2		)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income for the three months ended August 31, 2019 and 2018:



(Dollars in millions)	AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES⁽¹⁾				AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME⁽¹⁾
	THREE MONTHS ENDED AUGUST 31,				LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	THREE MONTHS ENDED AUGUST 31,
	2019		2018			2019			2018
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	21	$	16	Revenues	$	8		$	5
Foreign exchange forwards and options	109		101		Cost of sales	75			(44		)
Foreign exchange forwards and options	33		26		Other (income) expense, net	46			(9		)
Interest rate swaps⁽²⁾	—		—		Interest expense (income), net	(2		)	(2		)
Total designated cash flow hedges	$	163	$	143		$	127		$	(50	)


(1)	For the three months ended August 31, 2019 and 2018, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.


(2)	Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest expense (income), net over the term of the issued debt.



	AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES						LOCATION OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES
	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019			2018
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	—		$	114		Other (income) expense, net
Embedded derivatives	(1		)	(2		)	Other (income) expense, net

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Aug. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income

The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:



(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT⁽¹⁾			CASH FLOW HEDGES			NET INVESTMENT HEDGES⁽¹⁾		OTHER			TOTAL
Balance at May 31, 2019	$	(346	)	$	520		$	115	$	(58	)	$	231
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(89		)	163			—		3			77
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			(127		)	—		(1		)	(128		)
Total other comprehensive income (loss)	(89		)	36			—		2			(51		)
Balance at August 31, 2019	$	(435	)	$	556		$	115	$	(56	)	$	180


(1)	The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.


(2)	Net of tax benefit (expense) of $0 million, $0 million, $0 million, $0 million and $0 million, respectively.


(3)	Net of tax (benefit) expense of $0 million, $0 million, $0 million, $0 million and $0 million, respectively.



(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT⁽¹⁾			CASH FLOW HEDGES		NET INVESTMENT HEDGES⁽¹⁾		OTHER			TOTAL
Balance at May 31, 2018	$	(173	)	$	17	$	115	$	(51	)	$	(92	)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(128		)	142		—		4			18
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			51		—		(7		)	44
Total other comprehensive income (loss)	(128		)	193		—		(3		)	62
Balance at August 31, 2018	$	(301	)	$	210	$	115	$	(54	)	$	(30	)


(1)	The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.


(2)	Net of tax benefit (expense) of $0 million, $(1) million, $0 million, $0 million and $(1) million, respectively.

(3)

Net of tax (benefit) expense of $0 million, $1 million, $0 million, $0 million and $1 million, respectively.

Reclassification out of Accumulated Other Comprehensive Income

The following table summarizes the reclassifications from Accumulated other comprehensive income (loss) to the Unaudited Condensed Consolidated Statements of Income:



	AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME						LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019			2018
Gains (losses) on cash flow hedges:
Foreign exchange forwards and options	$	8		$	5		Revenues
Foreign exchange forwards and options	75			(44		)	Cost of sales
Foreign exchange forwards and options	46			(9		)	Other (income) expense, net
Interest rate swaps	(2		)	(2		)	Interest expense (income), net
Total before tax	127			(50		)
Tax (expense) benefit	—			(1		)
Gain (loss) net of tax	127			(51		)
Gains (losses) on other	1			7			Other (income) expense, net
Total before tax	1			7
Tax (expense) benefit	—			—
Gain (loss) net of tax	1			7
Total net gain (loss) reclassified for the period	$	128		$	(44	)

Revenues (Tables)

3 Months Ended

Aug. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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



	THREE MONTHS ENDED AUGUST 31, 2019
(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	$	2,669	$	1,758	$	1,164	$	930	$	—	$	6,521	$	496	$	—	$	7,017
Apparel	1,431		869		465		356		—		3,121		26		—		3,147
Equipment	193		146		50		59		—		448		9		—		457
Other⁽¹⁾	—		—		—		—		6		6		24		9		39
TOTAL REVENUES	$	4,293	$	2,773	$	1,679	$	1,345	$	6	$	10,096	$	555	$	9	$	10,660
Revenues by:
Sales to Wholesale Customers	$	2,864	$	2,042	$	986	$	950	$	—	$	6,842	$	367	$	—	$	7,209
Sales through Direct to Consumer	1,429		731		693		395		—		3,248		164		—		3,412
Other⁽¹⁾	—		—		—		—		6		6		24		9		39
TOTAL REVENUES	$	4,293	$	2,773	$	1,679	$	1,345	$	6	$	10,096	$	555	$	9	$	10,660


(1)	Other revenues for Global Brand Divisions and Converse are primarily attributable to licensing businesses. Other revenues for Corporate primarily consist 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.



	THREE MONTHS ENDED AUGUST 31, 2018
(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	$	2,555	$	1,642	$	958	$	881	$	—	$	6,036	$	461	$	—	$	6,497
Apparel	1,407		830		380		332		—		2,949		30		—		2,979
Equipment	183		135		41		57		—		416		8		—		424
Other⁽¹⁾	—		—		—		—		16		16		28		4		48
TOTAL REVENUES	$	4,145	$	2,607	$	1,379	$	1,270	$	16	$	9,417	$	527	$	4	$	9,948
Revenues by:
Sales to Wholesale Customers	$	2,829	$	1,916	$	871	$	934	$	—	$	6,550	$	366	$	—	$	6,916
Sales through Direct to Consumer	1,316		691		508		336		—		2,851		133		—		2,984
Other⁽¹⁾	—		—		—		—		16		16		28		4		48
TOTAL REVENUES	$	4,145	$	2,607	$	1,379	$	1,270	$	16	$	9,417	$	527	$	4	$	9,948

(1)

Other revenues for Global Brand Divisions and Converse are primarily attributable to licensing businesses. Other revenues for Corporate primarily consist 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.

Operating Segments (Tables)

3 Months Ended

Aug. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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 ENDED AUGUST 31,
(Dollars in millions)	2019			2018
REVENUES
North America	$	4,293		$	4,145
Europe, Middle East & Africa	2,773			2,607
Greater China	1,679			1,379
Asia Pacific & Latin America	1,345			1,270
Global Brand Divisions	6			16
Total NIKE Brand	10,096			9,417
Converse	555			527
Corporate	9			4
TOTAL NIKE, INC. REVENUES	$	10,660		$	9,948
EARNINGS BEFORE INTEREST AND TAXES
North America	$	1,100		$	1,077
Europe, Middle East & Africa	609			501
Greater China	669			502
Asia Pacific & Latin America	341			323
Global Brand Divisions	(857		)	(818		)
Converse	138			98
Corporate	(424		)	(402		)
Interest expense (income), net	15			11
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	1,561		$	1,270

Reconciliation of Assets from Segment to Consolidated



	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
ACCOUNTS RECEIVABLE, NET
North America	$	1,795	$	1,718
Europe, Middle East & Africa	1,321		1,164
Greater China	344		245
Asia Pacific & Latin America	789		771
Global Brand Divisions	114		105
Total NIKE Brand	4,363		4,003
Converse	249		243
Corporate	44		26
TOTAL ACCOUNTS RECEIVABLE, NET	$	4,656	$	4,272
INVENTORIES
North America	$	2,271	$	2,328
Europe, Middle East & Africa	1,459		1,390
Greater China	775		693
Asia Pacific & Latin America	817		694
Global Brand Divisions	143		126
Total NIKE Brand	5,465		5,231
Converse	260		269
Corporate	110		122
TOTAL INVENTORIES	$	5,835	$	5,622



	AS OF AUGUST 31,		AS OF MAY 31,
(Dollars in millions)	2019		2019
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	665	$	814
Europe, Middle East & Africa	832		929
Greater China	220		237
Asia Pacific & Latin America	326		326
Global Brand Divisions	759		665
Total NIKE Brand	2,802		2,971
Converse	93		100
Corporate	1,720		1,673
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,615	$	4,744

Leases (Tables)

3 Months Ended

Aug. 31, 2019

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity

Amounts of future undiscounted cash flows related to operating lease payments over the lease term are as follows and are reconciled to the present value of the operating lease liabilities as recorded on the Unaudited Condensed Consolidated Balance Sheets:



(Dollars in millions)	AS OF AUGUST 31, 2019⁽¹⁾
Remainder of Fiscal 2020	$	405
Fiscal 2021	501
Fiscal 2022	439
Fiscal 2023	383
Fiscal 2024	343
Thereafter	1,482
Total undiscounted future cash flows related to lease payments	$	3,553
Less: Interest	451
Present value of lease liabilities	$	3,102

(1)

Excludes $410 million of future operating lease payments for lease agreements signed but not yet commenced.

Schedule of Future Minimum Lease Payments for Capital Leases

Amounts of minimum future annual commitments under non-cancelable operating and capital leases in accordance with Topic 840 were as follows:



	AS OF MAY 31, 2019
(Dollars in millions)	OPERATING LEASES		CAPITAL LEASES AND OTHER FINANCING OBLIGATIONS⁽¹⁾		TOTAL
Fiscal 2020	$	553	$	32	$	585
Fiscal 2021	513		34		547
Fiscal 2022	441		40		481
Fiscal 2023	386		37		423
Fiscal 2024	345		34		379
Thereafter	1,494		197		1,691
TOTAL	$	3,732	$	374	$	4,106

(1)

Capital leases and other financing obligations include payments related to build-to-suit lease arrangements.

Schedule of Future Minimum Lease Payments for Operating Leases

Amounts of minimum future annual commitments under non-cancelable operating and capital leases in accordance with Topic 840 were as follows:



	AS OF MAY 31, 2019
(Dollars in millions)	OPERATING LEASES		CAPITAL LEASES AND OTHER FINANCING OBLIGATIONS⁽¹⁾		TOTAL
Fiscal 2020	$	553	$	32	$	585
Fiscal 2021	513		34		547
Fiscal 2022	441		40		481
Fiscal 2023	386		37		423
Fiscal 2024	345		34		379
Thereafter	1,494		197		1,691
TOTAL	$	3,732	$	374	$	4,106

(1)

Capital leases and other financing obligations include payments related to build-to-suit lease arrangements.

Lease Term And Discount Rate

The following table includes the weighted average remaining lease terms, in years, and the weighted average discount rate used to calculate the present value of operating lease liabilities:



	AS OF AUGUST 31,
	2019
Weighted-average remaining lease term (years)	8.8
Weighted-average discount rate	2.7	%

Lease, Cost

The following table includes supplemental cash and non-cash information related to operating leases:



	THREE MONTHS ENDED AUGUST 31,
(Dollars in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	136
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities⁽¹⁾	37

(1)

Excludes the amount initially capitalized in conjunction with the adoption of Topic 842.

Summary of Significant Accounting Policies - Recently Adopted Accounting Standards (Details) - USD ($) $ in Millions	Aug. 31, 2019	Jun. 01, 2019	May 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liability	$ 3,102
Operating lease right-of-use assets	2,832		$ 0
Assets	$ 26,249		$ 23,717
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liability		$ 3,200
Operating lease right-of-use assets		2,900
Assets		2,700
Liabilities		2,700
Decrease in deferred rent liabilities		348
Build-to-suit lease asset		184
Build-to-suit lease liability		$ 184

Inventories - Additional Information (Detail) - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Inventory Disclosure [Abstract]
Inventory balances, were substantially all finished goods	$ 5,835	$ 5,622

Accrued Liabilities (Detail) - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Accrued Liabilities, Current [Abstract]
Sales-related reserves	$ 1,157	$ 1,218
Compensation and benefits, excluding taxes	816	1,232
Endorsement compensation	434	424
Dividends payable	344	346
Import and logistics costs	330	296
Taxes other than income taxes payable	274	234
Collateral received from counterparties to hedging instruments	263	289
Advertising and marketing	132	114
Fair value of derivatives	54	52
Other	651	805
TOTAL ACCRUED LIABILITIES	$ 4,455	$ 5,010

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Assets, Fair Value Disclosure [Abstract]
Cash	$ 614	$ 853
ASSETS AT FAIR VALUE	3,644	4,663
CASH AND EQUIVALENTS	3,446	4,466
SHORT-TERM INVESTMENTS	198	197
Fair Value, Inputs, Level 1 \| U.S. Treasury securities
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	361	347
CASH AND EQUIVALENTS	200	200
SHORT-TERM INVESTMENTS	161	147
Fair Value, Inputs, Level 2
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	2,669	3,463
CASH AND EQUIVALENTS	2,632	3,413
SHORT-TERM INVESTMENTS	37	50
Fair Value, Inputs, Level 2 \| Commercial paper and bonds
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	31	34
CASH AND EQUIVALENTS	0	1
SHORT-TERM INVESTMENTS	31	33
Fair Value, Inputs, Level 2 \| Money market funds
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	1,687	1,637
CASH AND EQUIVALENTS	1,687	1,637
SHORT-TERM INVESTMENTS	0	0
Fair Value, Inputs, Level 2 \| Time deposits
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	949	1,791
CASH AND EQUIVALENTS	945	1,775
SHORT-TERM INVESTMENTS	4	16
Fair Value, Inputs, Level 2 \| U.S. Agency securities
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	2	1
CASH AND EQUIVALENTS	0	0
SHORT-TERM INVESTMENTS	$ 2	$ 1

Fair Value Measurements - Derivative Assets and Liabilities at Fair Value (Detail) - USD ($)	Aug. 31, 2019	May 31, 2019
Derivatives, Fair Value [Line Items]
ACCRUED LIABILITIES	$ 54,000,000	$ 52,000,000
Collateral received from counterparties to hedging instruments	263,000,000	289,000,000
Fair Value, Measurements, Recurring \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
Reduction in derivative liabilities if netted	44,000,000	50,000,000
Reduction in derivative assets if netted	44,000,000	50,000,000
Cash and Cash Equivalents
Derivatives, Fair Value [Line Items]
Collateral received from counterparties to hedging instruments	263,000,000
Cash and Cash Equivalents \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
Collateral received from counterparties to hedging instruments	263,000,000	289,000,000
Fair value of derivative liability collateral	0	0
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring
Derivatives, Fair Value [Line Items]
ASSETS AT FAIR VALUE	581,000,000	622,000,000
OTHER CURRENT ASSETS	552,000,000	616,000,000
OTHER LONG-TERM ASSETS	29,000,000	6,000,000
LIABILITIES AT FAIR VALUE	56,000,000	54,000,000
ACCRUED LIABILITIES	54,000,000	52,000,000
OTHER LONG-TERM LIABILITIES	2,000,000	2,000,000
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
ASSETS AT FAIR VALUE	578,000,000	611,000,000
OTHER CURRENT ASSETS	549,000,000	611,000,000
OTHER LONG-TERM ASSETS	29,000,000	0
LIABILITIES AT FAIR VALUE	55,000,000	51,000,000
ACCRUED LIABILITIES	53,000,000	51,000,000
OTHER LONG-TERM LIABILITIES	2,000,000	0
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring \| Embedded derivatives
Derivatives, Fair Value [Line Items]
ASSETS AT FAIR VALUE	3,000,000	11,000,000
OTHER CURRENT ASSETS	3,000,000	5,000,000
OTHER LONG-TERM ASSETS	0	6,000,000
LIABILITIES AT FAIR VALUE	1,000,000	3,000,000
ACCRUED LIABILITIES	1,000,000	1,000,000
OTHER LONG-TERM LIABILITIES	$ 0	$ 2,000,000

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	May 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long term debt	$ 3,820		$ 3,524
Short-term Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities with maturity dates within one year from purchase date	155
Available-for-sale securities with maturity dates over one year and less than five years from purchase date	43
Interest (income) expense, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest income related to cash and equivalents and short-term investments	$ 21	$ 20

Short-Term Borrowings and Credit Lines (Detail) - USD ($)	Aug. 16, 2019	Aug. 31, 2019	May 31, 2019	Aug. 25, 2015
Short-term Debt [Line Items]
Notes payable		$ 250,000,000	$ 9,000,000
Commercial paper
Short-term Debt [Line Items]
Notes payable		225,000,000	0
Borrowing capacity		$ 2,000,000,000
Notes payable - interest rate		2.10%
Revolving Credit Facility
Short-term Debt [Line Items]
Borrowing capacity	$ 2,000,000,000			$ 2,000,000,000
Option to increase borrowing amount	$ 3,000,000,000
Line of credit facility extension period after maturity	1 year
Revolving credit facility, fee	0.04%
Line of credit facility, amount outstanding		$ 0	$ 0
London Interbank Offered Rate (LIBOR) \| Revolving Credit Facility
Short-term Debt [Line Items]
Basis spread on variable rate, above LIBOR	0.46%

Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Detail) - USD ($) $ in Millions	Aug. 31, 2019	Aug. 31, 2018	May 31, 2019
Income Tax Disclosure [Abstract]
Federal income tax rate	12.40%	14.00%
Total gross unrecognized tax benefits, excluding related interest and penalties	$ 897		$ 808
Total gross unrecognized tax benefits, excluding related interest and penalties, amount which would affect the Company's effective tax rate if recognized in future periods	624
Increase (decrease) in liability for payment of interest and penalties	(29)
Accrued interest and penalties related to uncertain tax positions (excluding federal benefit)	145	$ 174
Estimated decrease in total gross unrecognized tax benefits as a result of resolutions of global tax examinations and expiration of applicable statutes of limitations	$ 150

Stock-Based Compensation - Total Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 80	$ 41
Tax benefit related to stock-based compensation expense	37	53
Class B Common Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	80	41
Class B Common Stock \| Stock options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	42	20
Class B Common Stock \| ESPPs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	13	10
Class B Common Stock \| Restricted stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 25	$ 11
Stock Incentive Plan \| Class B Common Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares available for grant (in shares)	718,000,000

Stock-Based Compensation - Weighted Average Assumptions Used to Estimate Fair Values (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value per share of the options granted (in dollars per share)	$ 18.33	$ 17.44
Dividend yield	1.10%	1.00%
Expected volatility	22.90%	19.70%
Weighted average expected life	6 years	6 years
Risk-free interest rate	1.70%	2.90%
Stock Incentive Plan \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs from stock options	$ 320
Unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as operating overhead expense over a weighted average period (in years)	2 years 7 months 6 days
Class B Common Stock \| Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum term of market traded options for estimates of expected volatility	1 year

Stock-Based Compensation - Restricted Stock and Restricted Stock Units (Details) - Restricted Stock And Restricted Stock Units - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 84.19	$ 76.42
Unrecognized compensation costs from restricted stock, net of estimated forfeitures	$ 200
Unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as operating overhead expense over a weighted average period (in years)	2 years 6 months

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options not included in the computation of diluted earnings per share	19.1	3.1

Earnings Per Share - Reconciliation from Basic Earnings Per Share to Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Earnings Per Share [Abstract]
Net income available to common stockholders	$ 1,367	$ 1,092
Determination of shares:
Weighted average common shares outstanding	1,562.4	1,594.0
Assumed conversion of dilutive stock options and awards	35.1	40.4
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,597.5	1,634.4
Earnings per common share:
Basic (in dollars per share)	$ 0.87	$ 0.69
Diluted (in dollars per share)	$ 0.86	$ 0.67

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Risk Management and Derivatives - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	May 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Deferred net gains (net of tax) on both outstanding and matured derivatives accumulated in other comprehensive income are expected to be reclassified to net income during the next twelve months as a result of underlying hedged transactions also being recorded in net income	$ 557
Maximum term over which the Company is hedging exposures to the variability of cash flows for its forecasted and recorded transactions (in months)	21 months
Collateral received from counterparties to hedging instruments	$ 263	$ 289
Not designated as derivative instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total notional amount of outstanding derivatives	4,200
Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total notional amount of outstanding derivatives	$ 370
Derivatives designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Additional period for forecasted transaction expected to occur	2 years
Total notional amount of outstanding derivatives	$ 8,900
Cash and Cash Equivalents
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Collateral received from counterparties to hedging instruments	263
Cash and Cash Equivalents \| Foreign exchange forwards and options
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Collateral received from counterparties to hedging instruments	$ 263	$ 289

Risk Management and Derivatives - FV of Derivative Instruments Included within Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	$ 581	$ 622
DERIVATIVE LIABILITIES	56	54
Derivatives formally designated as hedging instruments
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	523	509
DERIVATIVE LIABILITIES	18	5
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	494	509
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Deferred income taxes and other assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	29	0
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	16	5
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Deferred income taxes and other liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	2	0
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	58	113
DERIVATIVE LIABILITIES	38	49
Derivatives not designated as hedging instruments \| Foreign exchange forwards and options \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	55	102
Derivatives not designated as hedging instruments \| Foreign exchange forwards and options \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	37	46
Derivatives not designated as hedging instruments \| Embedded derivatives \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	3	5
Derivatives not designated as hedging instruments \| Embedded derivatives \| Deferred income taxes and other assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	0	6
Derivatives not designated as hedging instruments \| Embedded derivatives \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	1	1
Derivatives not designated as hedging instruments \| Embedded derivatives \| Deferred income taxes and other liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	$ 0	$ 2

Risk Management and Derivatives - Effects Of Cash Flow Hedges in Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Revenues	$ 10,660	$ 9,948
Cost of sales	5,789	5,551
Other (income) expense, net	(33)	53
Interest expense (income), net	15	11
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	127	(50)
Foreign exchange forwards and options \| Revenue \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	8	5
Foreign exchange forwards and options \| Cost of sales \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	75	(44)
Foreign exchange forwards and options \| Other (income) expense, net \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	46	(9)
Interest rate swaps \| Interest (income) expense, net \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	$ (2)	$ (2)

Risk Management and Derivatives - Amounts Affecting Consolidated Statements of Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Foreign Exchange Contract \| Other (income) expense, net \| Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES	$ 0	$ 114
Embedded derivatives \| Other (income) expense, net \| Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES	(1)	(2)
Derivatives designated as cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	163	143
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	127	(50)
Derivatives designated as cash flow hedges \| Foreign Exchange Contract \| Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	21	16
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	8	5
Derivatives designated as cash flow hedges \| Foreign Exchange Contract \| Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	109	101
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	75	(44)
Derivatives designated as cash flow hedges \| Foreign Exchange Contract \| Other (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	33	26
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	46	(9)
Derivatives designated as cash flow hedges \| Interest rate swaps \| Interest (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	0	0
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	$ (2)	$ (2)

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 9,040	$ 9,812
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	77	18
Reclassifications to net income of previously deferred (gains) losses, net of tax	(128)	44
Total other comprehensive income (loss), net of tax	(51)	62
Ending balance	9,200	8,992
Other comprehensive income, before reclassification, tax benefit (expense)	0	(1)
Reclassification from AOCI, current period, tax expense (benefit)	0	1
Foreign Currency Translation Adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(346)	(173)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	(89)	(128)
Reclassifications to net income of previously deferred (gains) losses, net of tax	0	0
Total other comprehensive income (loss), net of tax	(89)	(128)
Ending balance	(435)	(301)
Other comprehensive income, before reclassification, tax benefit (expense)	0	0
Reclassification from AOCI, current period, tax expense (benefit)	0	0
CASH FLOW HEDGES
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	520	17
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	163	142
Reclassifications to net income of previously deferred (gains) losses, net of tax	(127)	51
Total other comprehensive income (loss), net of tax	36	193
Ending balance	556	210
Other comprehensive income, before reclassification, tax benefit (expense)	0	(1)
Reclassification from AOCI, current period, tax expense (benefit)	0	1
Net Investment Hedges
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	115	115
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	0	0
Reclassifications to net income of previously deferred (gains) losses, net of tax	0	0
Total other comprehensive income (loss), net of tax	0	0
Ending balance	115	115
Other comprehensive income, before reclassification, tax benefit (expense)	0	0
Reclassification from AOCI, current period, tax expense (benefit)	0	0
OTHER
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(58)	(51)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	3	4
Reclassifications to net income of previously deferred (gains) losses, net of tax	(1)	(7)
Total other comprehensive income (loss), net of tax	2	(3)
Ending balance	(56)	(54)
Other comprehensive income, before reclassification, tax benefit (expense)	0	0
Reclassification from AOCI, current period, tax expense (benefit)	0	0
TOTAL
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	231	(92)
Other comprehensive income (loss):
Ending balance	$ 180	$ (30)

Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other expense (income), net	$ 33	$ (53)
Interest expense (income), net	(15)	(11)
Revenues	10,660	9,948
Cost of sales	(5,789)	(5,551)
Income before income taxes	1,561	1,270
Tax benefit (expense)	(194)	(178)
AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss), net of tax	128	(44)
Gain (losses) on cash flow hedges \| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	127	(50)
Tax benefit (expense)	0	(1)
Gain (loss), net of tax	127	(51)
Gain (losses) on cash flow hedges \| Foreign exchange forwards and options \| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other expense (income), net	46	(9)
Revenues	8	5
Cost of sales	75	(44)
Gain (losses) on cash flow hedges \| Interest rate swaps \| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense (income), net	(2)	(2)
OTHER \| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other expense (income), net	1	7
Income before income taxes	1	7
Tax benefit (expense)	0	0
Gain (loss), net of tax	$ 1	$ 7

Revenues (Details) - USD ($) $ in Millions	3 Months Ended
Revenues (Details) - USD ($) $ in Millions	Aug. 31, 2019	Aug. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 10,660	$ 9,948
Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	7,209	6,916
Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	3,412	2,984
Other
Disaggregation of Revenue [Line Items]
Revenues	39	48
Footwear
Disaggregation of Revenue [Line Items]
Revenues	7,017	6,497
Apparel
Disaggregation of Revenue [Line Items]
Revenues	3,147	2,979
Equipment
Disaggregation of Revenue [Line Items]
Revenues	457	424
Other
Disaggregation of Revenue [Line Items]
Revenues	39	48
Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	10,096	9,417
Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	6,842	6,550
Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	3,248	2,851
Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	6	16
Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	6,521	6,036
Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	3,121	2,949
Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	448	416
Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	6	16
Operating Segments \| Converse
Disaggregation of Revenue [Line Items]
Revenues	555	527
Operating Segments \| Converse \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	367	366
Operating Segments \| Converse \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	164	133
Operating Segments \| Converse \| Other
Disaggregation of Revenue [Line Items]
Revenues	24	28
Operating Segments \| Converse \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	496	461
Operating Segments \| Converse \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	26	30
Operating Segments \| Converse \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	9	8
Operating Segments \| Converse \| Other
Disaggregation of Revenue [Line Items]
Revenues	24	28
Global Brand Divisions
Disaggregation of Revenue [Line Items]
Revenues	6	16
Global Brand Divisions \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	0	0
Global Brand Divisions \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0
Global Brand Divisions \| Other
Disaggregation of Revenue [Line Items]
Revenues	6	16
Global Brand Divisions \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	0	0
Global Brand Divisions \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	0	0
Global Brand Divisions \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0
Global Brand Divisions \| Other
Disaggregation of Revenue [Line Items]
Revenues	6	16
Corporate
Disaggregation of Revenue [Line Items]
Revenues	9	4
Corporate \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate \| Other
Disaggregation of Revenue [Line Items]
Revenues	9	4
Corporate \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0
Corporate \| Other
Disaggregation of Revenue [Line Items]
Revenues	9	4
North America \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	4,293	4,145
North America \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	2,864	2,829
North America \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	1,429	1,316
North America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
North America \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	2,669	2,555
North America \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	1,431	1,407
North America \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	193	183
North America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	2,773	2,607
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	2,042	1,916
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	731	691
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	1,758	1,642
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	869	830
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	146	135
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Greater China \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	1,679	1,379
Greater China \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	986	871
Greater China \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	693	508
Greater China \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Greater China \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	1,164	958
Greater China \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	465	380
Greater China \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	50	41
Greater China \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	1,345	1,270
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	950	934
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	395	336
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	930	881
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	356	332
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	59	57
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0

Operating Segments - Information by Operating Segments (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 10,660	$ 9,948
Interest expense (income), net	15	11
Income before income taxes	1,561	1,270
Global Brand Divisions
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	6	16
Corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	9	4
EARNINGS BEFORE INTEREST AND TAXES	(424)	(402)
NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,096	9,417
Converse \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	555	527
NIKE Brand \| Global Brand Divisions
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	6	16
EARNINGS BEFORE INTEREST AND TAXES	(857)	(818)
NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,096	9,417
Converse \| Converse \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	555	527
EARNINGS BEFORE INTEREST AND TAXES	138	98
North America \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	4,293	4,145
North America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	4,293	4,145
EARNINGS BEFORE INTEREST AND TAXES	1,100	1,077
Europe, Middle East & Africa \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,773	2,607
Europe, Middle East & Africa \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,773	2,607
EARNINGS BEFORE INTEREST AND TAXES	609	501
Greater China \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,679	1,379
Greater China \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,679	1,379
EARNINGS BEFORE INTEREST AND TAXES	669	502
Asia Pacific & Latin America \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,345	1,270
Asia Pacific & Latin America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,345	1,270
EARNINGS BEFORE INTEREST AND TAXES	$ 341	$ 323

Operating Segments - Accounts Receivable Net Inventories and Property Plant and Equipment Net by Operating Segments (Detail) - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	$ 4,656	$ 4,272
Inventories	5,835	5,622
Property, plant and equipment, net	4,615	4,744
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	44	26
Inventories	110	122
Property, plant and equipment, net	1,720	1,673
Converse \| Converse \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	249	243
Inventories	260	269
Property, plant and equipment, net	93	100
NIKE Brand \| Global Brand Divisions
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	114	105
Inventories	143	126
Property, plant and equipment, net	759	665
NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	4,363	4,003
Inventories	5,465	5,231
Property, plant and equipment, net	2,802	2,971
North America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	1,795	1,718
Inventories	2,271	2,328
Property, plant and equipment, net	665	814
Europe, Middle East & Africa \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	1,321	1,164
Inventories	1,459	1,390
Property, plant and equipment, net	832	929
Greater China \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	344	245
Inventories	775	693
Property, plant and equipment, net	220	237
Asia Pacific & Latin America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	789	771
Inventories	817	694
Property, plant and equipment, net	$ 326	$ 326

Leases - Additional Information (Details) $ in Millions	3 Months Ended
Leases - Additional Information (Details) $ in Millions	Aug. 31, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 239
Variable lease cost	$ 93

Leases - Maturities (Details) $ in Millions	Aug. 31, 2019 USD ($)
Leases [Abstract]
Remainder of Fiscal 2020	$ 405
Fiscal 2021	501
Fiscal 2022	439
Fiscal 2023	383
Fiscal 2024	343
Thereafter	1,482
Total undiscounted future cash flows related to lease payments	3,553
Less: Interest	451
Present value of lease liabilities	3,102
Minimum lease payments, agreements signed but not yet commenced	$ 410

Leases - Future Minimum Payments Due - Topic 840 (Details) $ in Millions	May 31, 2019 USD ($)
OPERATING LEASES
Fiscal 2020	$ 553
Fiscal 2021	513
Fiscal 2022	441
Fiscal 2023	386
Fiscal 2024	345
Thereafter	1,494
TOTAL	3,732
CAPITAL LEASES AND OTHER FINANCING OBLIGATIONS
Fiscal 2020	32
Fiscal 2021	34
Fiscal 2022	40
Fiscal 2023	37
Fiscal 2024	34
Thereafter	197
TOTAL	374
Fiscal 2020	585
Fiscal 2021	547
Fiscal 2022	481
Fiscal 2023	423
Fiscal 2024	379
Thereafter	1,691
TOTAL	$ 4,106

Leases - Lease Term and Discount Rate (Details)	Aug. 31, 2019
Leases [Abstract]
Weighted-average remaining lease term (years)	8 years 9 months 18 days
Weighted-average discount rate	2.70%

Leases - Supplemental Cash Flows (Details) $ in Millions	3 Months Ended
Leases - Supplemental Cash Flows (Details) $ in Millions	Aug. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 136
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities(1)	$ 37

Label	Element	Value
Accounting Standards Update 2016-16 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (507,000,000)
Accounting Standards Update 2016-16 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(507,000,000)
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(1,000,000)
Accounting Standards Update 2016-02 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(1,000,000)
Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	23,000,000
Accounting Standards Update 2014-09 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 23,000,000