Cover Page - shares	9 Months Ended
Cover Page - shares	Feb. 29, 2020	Apr. 02, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 29, 2020
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 Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--05-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Convertible Common Stock
Document Information [Line Items]
Entity Common Stock Shares Outstanding (In Shares)		315,017,252
Class B Common Stock
Document Information [Line Items]
Entity Common Stock Shares Outstanding (In Shares)		1,240,017,482

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Income Statement [Abstract]
Revenues	$ 10,104	$ 9,611	$ 31,090	$ 28,933
Cost of sales	5,631	5,272	17,202	16,092
Gross profit	4,473	4,339	13,888	12,841
Demand creation expense	870	865	2,769	2,739
Operating overhead expense	2,413	2,226	7,166	6,557
Total selling and administrative expense	3,283	3,091	9,935	9,296
Interest expense (income), net	12	12	39	37
Other (income) expense, net	297	(55)	223	(50)
Income before income taxes	881	1,291	3,691	3,558
Income tax expense	34	190	362	518
NET INCOME	$ 847	$ 1,101	$ 3,329	$ 3,040
Earnings per common share:
Basic (in dollars per share)	$ 0.54	$ 0.70	$ 2.13	$ 1.92
Diluted (in dollars per share)	$ 0.53	$ 0.68	$ 2.09	$ 1.87
Weighted average common shares outstanding:
Basic (in shares)	1,556.3	1,572.8	1,559.8	1,582.8
Diluted (in shares)	1,591.6	1,609.6	1,594.6	1,621.5

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 847	$ 1,101	$ 3,329	$ 3,040
Other comprehensive income (loss), net of tax:
Change in net foreign currency translation adjustment	(42)	79	(103)	(51)
Change in net gains (losses) on cash flow hedges	(68)	(91)	(187)	343
Change in net gains (losses) on other	1	0	2	(3)
Total other comprehensive income (loss), net of tax	(109)	(12)	(288)	289
TOTAL COMPREHENSIVE INCOME	$ 738	$ 1,089	$ 3,041	$ 3,329

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	Feb. 29, 2020	May 31, 2019
Current assets:
Cash and equivalents	$ 2,863	$ 4,466
Short-term investments	319	197
Accounts receivable, net	4,473	4,272
Inventories	5,807	5,622
Prepaid expenses and other current assets	2,282	1,968
Total current assets	15,744	16,525
Property, plant and equipment, net	4,783	4,744
Operating lease right-of-use assets, net	2,907	0
Identifiable intangible assets, net	275	283
Goodwill	223	154
Deferred income taxes and other assets	2,288	2,011
TOTAL ASSETS	26,220	23,717
Current liabilities:
Current portion of long-term debt	4	6
Notes payable	9	9
Accounts payable	2,221	2,612
Current portion of operating lease liabilities	422	0
Accrued liabilities	5,356	5,010
Income taxes payable	268	229
Total current liabilities	8,280	7,866
Long-term debt	3,463	3,464
Operating lease liabilities	2,758	0
Deferred income taxes and other liabilities	2,674	3,347
Redeemable preferred stock	0	0
Shareholders' equity:
Capital in excess of stated value	7,971	7,163
Accumulated other comprehensive income (loss)	(57)	231
Retained earnings	1,128	1,643
Total shareholders' equity	9,045	9,040
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	26,220	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	Feb. 29, 2020	May 31, 2019
Class A Convertible Common Stock
Common Stock, shares outstanding	315	315
Class B Common Stock
Common Stock, shares outstanding	1,240	1,253

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
Cash provided (used) by operations:
Net income	$ 3,329	$ 3,040
Adjustments to reconcile net income to net cash provided (used) by operations:
Depreciation	513	527
Deferred income taxes	(372)	67
Stock-based compensation	303	226
Amortization, impairment and other	383	9
Net foreign currency adjustments	(49)	218
Changes in certain working capital components and other assets and liabilities:
(Increase) decrease in accounts receivable	(475)	(460)
(Increase) decrease in inventories	(455)	(226)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	(494)	(167)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	(197)	659
Cash provided (used) by operations	2,486	3,893
Cash provided (used) by investing activities:
Purchases of short-term investments	(1,775)	(2,384)
Maturities of short-term investments	20	1,613
Sales of short-term investments	1,764	1,491
Additions to property, plant and equipment	(797)	(846)
Other investing activities	30	5
Cash provided (used) by investing activities	(758)	(121)
Cash provided (used) by financing activities:
Increase (decrease) in notes payable	0	(320)
Proceeds from exercise of stock options and other stock issuances	678	487
Repurchase of common stock	(2,865)	(3,405)
Dividends — common and preferred	(1,071)	(986)
Other financing activities	(52)	(43)
Cash provided (used) by financing activities	(3,310)	(4,267)
Effect of exchange rate changes on cash and equivalents	(21)	(59)
Net increase (decrease) in cash and equivalents	(1,603)	(554)
Cash and equivalents, beginning of period	4,466	4,249
CASH AND EQUIVALENTS, END OF PERIOD	2,863	3,695
Supplemental disclosure of cash flow information:
Non-cash additions to property, plant and equipment	115	171
Dividends declared and not paid	$ 384	$ 347

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)								14
Stock options exercised	419	419
Conversion to Class B Common Stock (in shares)						(14)		14
Conversion to Class B Common Stock	0
Repurchase of Class B Common Stock (in shares)								(44)
Repurchase of Class B Common Stock	(3,386)	(181)		(3,205)
Dividends on common stock and preferred stock	(1,013)			(1,013)
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)								2
Issuance of shares to employees, net of shares withheld for employee taxes	58	62		(4)
Stock-based compensation	226	226
Net income	3,040			3,040
Other comprehensive income (loss)	289		289
Ending Balance (in shares) at Feb. 28, 2019						315		1,258
Ending balance at Feb. 28, 2019	8,961	6,910	197	1,851		$ 0		$ 3
Beginning Balance (in shares) at Nov. 30, 2018						315		1,262
Beginning balance at Nov. 30, 2018	8,729	6,707	209	1,810		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								6
Stock options exercised	159	159
Repurchase of Class B Common Stock (in shares)								(10)
Repurchase of Class B Common Stock	(754)	(44)		(710)
Dividends on common stock and preferred stock	(347)			(347)
Issuance of shares to employees, net of shares withheld for employee taxes	(8)	(5)		(3)
Stock-based compensation	93	93
Net income	1,101			1,101
Other comprehensive income (loss)	(12)		(12)
Ending Balance (in shares) at Feb. 28, 2019						315		1,258
Ending balance at Feb. 28, 2019	8,961	6,910	197	1,851		$ 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)								17
Stock options exercised	580	580
Repurchase of Class B Common Stock (in shares)								(32)
Repurchase of Class B Common Stock	(2,874)	(150)		(2,724)
Dividends on common stock and preferred stock	(1,110)			(1,110)
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)								2
Issuance of shares to employees, net of shares withheld for employee taxes	66	75		(9)
Stock-based compensation	303	303
Net income	3,329			3,329
Other comprehensive income (loss)	(288)		(288)
Ending Balance (in shares) at Feb. 29, 2020					315	315	1,240	1,240
Ending balance at Feb. 29, 2020	9,045	7,971	(57)	1,128		$ 0		$ 3
Beginning Balance (in shares) at Nov. 30, 2019						315		1,244
Beginning balance at Nov. 30, 2019	9,351	7,719	52	1,577		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								6
Stock options exercised	199	199
Repurchase of Class B Common Stock (in shares)								(10)
Repurchase of Class B Common Stock	(957)	(48)		(909)
Dividends on common stock and preferred stock	(383)			(383)
Issuance of shares to employees, net of shares withheld for employee taxes	(16)	(12)		(4)
Stock-based compensation	113	113
Net income	847			847
Other comprehensive income (loss)	(109)		(109)
Ending Balance (in shares) at Feb. 29, 2020					315	315	1,240	1,240
Ending balance at Feb. 29, 2020	$ 9,045	$ 7,971	$ (57)	$ 1,128		$ 0		$ 3

Unaudited Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.245	$ 0.22	$ 0.71	$ 0.64
Dividends declared per preferred share (in dollars per share)	$ 0	$ 0	$ 0.10	$ 0.10

Summary of Significant Accounting Policies

9 Months Ended

Feb. 29, 2020

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 and nine months ended February 29, 2020 are not necessarily indicative of results to be expected for the entire fiscal 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 replaced 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 provided 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

9 Months Ended

Feb. 29, 2020

Inventory Disclosure [Abstract]

Inventories

NOTE 2 — INVENTORIES

Inventory balances of $5,807 million and $5,622 million at February 29, 2020 and May 31, 2019, respectively, were substantially all finished goods.

Accrued Liabilities

9 Months Ended

Feb. 29, 2020

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:



	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
Sales-related reserves	$	1,361	$	1,218
Compensation and benefits, excluding taxes	1,202		1,232
Allowance for cumulative foreign currency translation losses⁽¹⁾	400		—
Dividends payable	384		346
Endorsement compensation	365		424
Import and logistics costs	297		296
Taxes other than income taxes payable	248		234
Liabilities held-for-sale⁽¹⁾	158		—
Advertising and marketing	120		114
Collateral received from counterparties to hedging instruments	86		289
Fair value of derivatives	48		52
Other⁽²⁾	687		805
TOTAL ACCRUED LIABILITIES	$	5,356	$	5,010


(1)	Refer to Note 14 — Acquisitions and Divestitures for additional information.

(2)

Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at February 29, 2020 and May 31, 2019.

Fair Value Measurements

9 Months Ended

Feb. 29, 2020

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 February 29, 2020 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	FEBRUARY 29, 2020
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	649	$	649	$	—
Level 1:
U.S. Treasury securities	280		—		280
Level 2:
Commercial paper and bonds	36		1		35
Money market funds	1,390		1,390		—
Time deposits	826		823		3
U.S. Agency securities	1		—		1
Total Level 2	2,253		2,214		39
TOTAL	$	3,182	$	2,863	$	319



	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 February 29, 2020, the Company held $267 million of available-for-sale debt securities with maturity dates within one year and $52 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 $16 million and $20 million for the three months ended February 29, 2020 and February 28, 2019, respectively, and $51 million and $60 million for the nine months ended February 29, 2020 and February 28, 2019, respectively.

The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis as of February 29, 2020 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	FEBRUARY 29, 2020
	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⁾	$	324	$	297	$	27	$	48	$	47	$	1
Embedded derivatives	2		2		—		1		1		—
TOTAL	$	326	$	299	$	27	$	49	$	48	$	1

(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 $47 million as of February 29, 2020. As of that date, the Company had received $86 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 February 29, 2020.



	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 $4,009 million at February 29, 2020 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 and Note 15 — Subsequent Events for additional information related to the Company's Long-term debt.

NON-RECURRING FAIR VALUE MEASUREMENTS

As further discussed in Note 14 — Acquisitions and Divestitures, the Company met the criteria to recognize the related assets and liabilities of its Brazil, Argentina, Chile and Uruguay entities as held-for-sale in the third quarter of fiscal 2020. This required the Company to remeasure the disposal groups at fair value, less costs to sell, which is considered a Level 3 fair value measurement and was based on each transaction's estimated consideration at the date of close. As of February 29, 2020, the carrying value of the Argentina, Chile and Uruguay disposal groups exceeded their fair value, less costs to sell and as a result, the Company recognized a non-recurring impairment charge of $400 million. This charge was primarily due to the anticipated release of non-cash cumulative foreign currency translation losses which were included as part of the carrying value of the Argentina, Chile and Uruguay disposal groups when measuring for impairment. For the three and nine months ended February 29, 2020, the charge was recognized in Other (income) expense, net on the Unaudited Condensed Consolidated Statements of Income, classified within Corporate, and a corresponding allowance within Accrued Liabilities on the Unaudited Condensed Consolidated Balance Sheets.

All other assets or liabilities required to be measured at fair value on a non-recurring basis as of February 29, 2020 were immaterial. As of May 31, 2019, all assets or liabilities required to be measured at fair value on a non-recurring basis were immaterial.

- 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

9 Months Ended

Feb. 29, 2020

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 February 29, 2020 and May 31, 2019, the Company had no borrowings outstanding under its $2 billion commercial paper program.

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 (LIBOR) 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 February 29, 2020. 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 periods ended February 29, 2020 and May 31, 2019, no amounts were outstanding under either committed credit facility.

As of February 29, 2020, 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. Refer to Note 15 — Subsequent Events for additional information about the Company's commercial paper program and its credit facilities.

Income Taxes

9 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 6 — INCOME TAXES

The effective tax rate was 9.8% and 14.6% for the nine months ended February 29, 2020 and February 28, 2019, respectively. The change in the Company's effective tax rate was due to the proportion of income earned in the U.S. and favorable discrete items such as stock-based compensation and benefits related to a modification of the treatment of certain research and development expenditures. Refer to Note 15 — Subsequent Events for additional information.

As of February 29, 2020, total gross unrecognized tax benefits, excluding related interest and penalties, were $802 million, $555 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 $20 million during the nine months ended February 29, 2020. As of February 29, 2020 and May 31, 2019, accrued interest and penalties related to uncertain tax positions were $154 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 is currently under audit by the U.S. Internal Revenue Service ("IRS") for fiscal years 2017 through 2019. The Company has closed all U.S. federal income tax matters through fiscal 2016, with the exception of certain transfer pricing adjustments.

Tax years after 2009 remain open in certain major foreign jurisdictions. 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 $40 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.

In fiscal 2018, as a result of the enactment of the U.S. Tax Cuts and Jobs Act (the "Tax Act"), the Company reevaluated its historical indefinite reinvestment assertion and determined that any historical or future undistributed earnings of foreign subsidiaries were no longer considered to be indefinitely reinvested. Effective January 1, 2020, however, the tax law in the Netherlands, one of the Company’s major jurisdictions, changed. As a result of the change in law, the Company’s undistributed earnings in the Netherlands are subject to withholding tax upon distribution. It is the Company's intention to indefinitely reinvest the historical earnings of its foreign subsidiaries in the Netherlands prior to December 31, 2019 to ensure there is sufficient working capital to expand operations outside the United States. Accordingly, the Company has not recorded a deferred tax liability related to foreign withholding taxes on approximately $8.7 billion of undistributed earnings of these foreign subsidiaries as of December 31, 2019. Withholding taxes of approximately $1.3 billion would be payable upon the remittance of these undistributed earnings at February 29, 2020. Current earnings not otherwise distributable in the current year are considered indefinitely reinvested in the Company's foreign operations.

Stock-Based Compensation

9 Months Ended

Feb. 29, 2020

Share-based Payment Arrangement, Noncash Expense [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				NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020		FEBRUARY 28, 2019		FEBRUARY 29, 2020		FEBRUARY 28, 2019
Stock options⁽¹⁾	$	64	$	62	$	170	$	145
ESPPs	11		10		35		28
Restricted stock	38		21		98		53
TOTAL STOCK-BASED COMPENSATION EXPENSE	$	113	$	93	$	303	$	226


(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 $67 million and $60 million for the three months ended February 29, 2020 and February 28, 2019, respectively, and $181 million and $134 million for the nine months ended February 29, 2020 and February 28, 2019, respectively.

STOCK OPTIONS

The weighted average fair value per share of the options granted during the nine months ended February 29, 2020 and February 28, 2019, computed as of the grant date using the Black-Scholes pricing model, was $18.71 and $22.79, respectively. The weighted average assumptions used to estimate these fair values were as follows:



	NINE MONTHS ENDED
	FEBRUARY 29, 2020		FEBRUARY 28, 2019
Dividend yield	1.0	%	1.0	%
Expected volatility	23.0	%	26.6	%
Weighted average expected life (in years)	6.0		6.0
Risk-free interest rate	1.5	%	2.8	%

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 February 29, 2020, the Company had $475 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 2.7 years.

RESTRICTED STOCK AND RESTRICTED STOCK UNITS

The weighted average fair value per share of restricted stock and restricted stock units granted for the nine months ended February 29, 2020 and February 28, 2019, computed as of the grant date, was $88.28 and $80.88, respectively. As of February 29, 2020, the Company had $378 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 2.9 years.

Earnings Per Share

9 Months Ended

Feb. 29, 2020

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 15.8 million and 18.7 million shares of common stock outstanding for the three months ended February 29, 2020 and February 28, 2019, respectively, and 31.1 million and 19.1 million shares of common stock outstanding for the nine months ended February 29, 2020 and February 28, 2019, respectively, because the options were anti-dilutive.



	THREE MONTHS ENDED				NINE MONTHS ENDED
(In millions, except per share data)	FEBRUARY 29, 2020		FEBRUARY 28, 2019		FEBRUARY 29, 2020		FEBRUARY 28, 2019
Net income available to common stockholders	$	847	$	1,101	$	3,329	$	3,040
Determination of shares:
Weighted average common shares outstanding	1,556.3		1,572.8		1,559.8		1,582.8
Assumed conversion of dilutive stock options and awards	35.3		36.8		34.8		38.7
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,591.6		1,609.6		1,594.6		1,621.5
Earnings per common share:
Basic	$	0.54	$	0.70	$	2.13	$	1.92
Diluted	$	0.53	$	0.68	$	2.09	$	1.87

Risk Management and Derivatives

9 Months Ended

Feb. 29, 2020

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 nine months ended February 29, 2020, 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 February 29, 2020 are designated as foreign currency cash flow hedges, primarily for Euro/U.S. Dollar, British Pound/Euro, Japanese Yen/U.S. Dollar 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 tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of February 29, 2020 and May 31, 2019:



	DERIVATIVE ASSETS
	BALANCE SHEET LOCATION	FEBRUARY 29,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2020		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	261	$	509
Foreign exchange forwards and options	Deferred income taxes and other assets	27		—
Total derivatives formally designated as hedging instruments		288		509
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	36		102
Embedded derivatives	Prepaid expenses and other current assets	2		5
Embedded derivatives	Deferred income taxes and other assets	—		6
Total derivatives not designated as hedging instruments		38		113
TOTAL DERIVATIVE ASSETS		$	326	$	622

	DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	FEBRUARY 29,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2020		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	$	37	$	5
Foreign exchange forwards and options	Deferred income taxes and other liabilities	1		—
Total derivatives formally designated as hedging instruments		38		5
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	10		46
Embedded derivatives	Accrued liabilities	1		1
Embedded derivatives	Deferred income taxes and other liabilities	—		2
Total derivatives not designated as hedging instruments		11		49
TOTAL DERIVATIVE LIABILITIES		$	49	$	54

The following tables present 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 and nine months ended February 29, 2020 and February 28, 2019:



	THREE MONTHS ENDED
	FEBRUARY 29, 2020					FEBRUARY 28, 2019
(Dollars in millions)	TOTAL		AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY			TOTAL			AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY
Revenues	$	10,104	$	(21	)	$	9,611		$	1
Cost of sales	5,631		110			5,272			34
Demand creation expense	870		—			865			—
Other (income) expense, net	297		44			(55		)	18
Interest expense (income), net	12		(2		)	12			(2		)



	NINE MONTHS ENDED
	FEBRUARY 29, 2020					FEBRUARY 28, 2019
(Dollars in millions)	TOTAL		AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY			TOTAL			AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY
Revenues	$	31,090	$	(12	)	$	28,933		$	9
Cost of sales	17,202		287			16,092			—
Demand creation expense	2,769		(3		)	2,739			—
Other (income) expense, net	223		121			(50		)	9
Interest expense (income), net	39		(5		)	37			(5		)

The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income for the three and nine months ended February 29, 2020 and February 28, 2019:



(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					LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	THREE MONTHS ENDED
	FEBRUARY 29, 2020		FEBRUARY 28, 2019				FEBRUARY 29, 2020			FEBRUARY 28, 2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	17	$	(50	)	Revenues	$	(21	)	$	1
Foreign exchange forwards and options	39		(1		)	Cost of sales	110			34
Foreign exchange forwards and options	1		2			Demand creation expense	—			—
Foreign exchange forwards and options	7		7			Other (income) expense, net	44			18
Interest rate swaps⁽²⁾	—		—			Interest expense (income), net	(2		)	(2		)
Total designated cash flow hedges	$	64	$	(42	)		$	131		$	51


(1)	For the three months ended February 29, 2020 and February 28, 2019, 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.



(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⁾
	NINE MONTHS ENDED						LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	NINE MONTHS ENDED
	FEBRUARY 29, 2020			FEBRUARY 28, 2019				FEBRUARY 29, 2020			FEBRUARY 28, 2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	(45	)	$	(31	)	Revenues	$	(12	)	$	9
Foreign exchange forwards and options	185			273			Cost of sales	287			—
Foreign exchange forwards and options	1			2			Demand creation expense	(3		)	—
Foreign exchange forwards and options	67			112			Other (income) expense, net	121			9
Interest rate swaps⁽²⁾	—			—			Interest expense (income), net	(5		)	(5		)
Total designated cash flow hedges	$	208		$	356			$	388		$	13


(1)	For the nine months ended February 29, 2020 and February 28, 2019, 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						NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020			FEBRUARY 28, 2019			FEBRUARY 29, 2020			FEBRUARY 28, 2019
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	12		$	(59	)	$	(9	)	$	129	Other (income) expense, net
Embedded derivatives	(2		)	(2		)	(7		)	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 $8.2 billion as of February 29, 2020. Approximately $322 million of deferred net gains (net of tax) on both outstanding and matured derivatives in Accumulated other comprehensive income (loss) as of February 29, 2020, 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 February 29, 2020, the maximum term over which the Company hedges exposures to the variability of cash flows for its forecasted transactions was 23 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 $3.6 billion as of February 29, 2020.

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 February 29, 2020, the total notional amount of embedded derivatives outstanding was approximately $350 million.

CREDIT RISK

The Company's bilateral credit-related contingent features generally require the owing entity, either the Company or the derivative counterparty, to post collateral for the portion of the fair value in excess of $50 million should the fair value of outstanding derivatives per counterparty be greater than $50 million. Additionally, a certain level of decline in credit rating of either the Company or the counterparty could also trigger collateral requirements. As of February 29, 2020, the Company was in compliance with all credit risk-related contingent features, and derivative instruments with such features were in a net liability position of approximately $1 million. Accordingly, the Company was not required to post any collateral as a result of these contingent features. Further, as of February 29, 2020, the Company had $86 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)

9 Months Ended

Feb. 29, 2020

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 November 30, 2019	$	(407	)	$	401		$	115	$	(57	)	$	52
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(43		)	63			—		1			21
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	1			(131		)	—		—			(130		)
Total other comprehensive income (loss)	(42		)	(68		)	—		1			(109		)
Balance at February 29, 2020	$	(449	)	$	333		$	115	$	(56	)	$	(57	)


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


(3)	Net of tax 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, 2019	$	(346	)	$	520		$	115	$	(58	)	$	231
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(104		)	200			—		2			98
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	1			(387		)	—		—			(386		)
Total other comprehensive income (loss)	(103		)	(187		)	—		2			(288		)
Balance at February 29, 2020	$	(449	)	$	333		$	115	$	(56	)	$	(57	)


(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 (expense) of $0 million, $(8) million, $0 million, $0 million and $(8) million, respectively.


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



(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT⁽¹⁾			CASH FLOW HEDGES			NET INVESTMENT HEDGES⁽¹⁾		OTHER			TOTAL
Balance at November 30, 2018	$	(303	)	$	451		$	115	$	(54	)	$	209
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	79			(43		)	—		(3		)	33
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			(48		)	—		3			(45		)
Total other comprehensive income (loss)	79			(91		)	—		—			(12		)
Balance at February 28, 2019	$	(224	)	$	360		$	115	$	(54	)	$	197


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


(3)	Net of tax expense of $0 million, $3 million, $0 million, $0 million and $3 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⁾	(51		)	351			—		5			305
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			(8		)	—		(8		)	(16		)
Total other comprehensive income (loss)	(51		)	343			—		(3		)	289
Balance at February 28, 2019	$	(224	)	$	360		$	115	$	(54	)	$	197


(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 (expense) of $0 million, $(5) million, $0 million, $0 million and $(5) million, respectively.


(3)	Net of tax expense of $0 million, $5 million, $0 million, $0 million and $5 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						NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020			FEBRUARY 28, 2019			FEBRUARY 29, 2020			FEBRUARY 28, 2019
Gains (losses) on foreign currency translation adjustment	$	(1	)	$	—		$	(1	)	$	—		Other expense (income), net
Total before tax	(1		)	—			(1		)	—
Tax (expense) benefit	—			—			—			—
Gain (loss) net of tax	(1		)	—			(1		)	—
Gains (losses) on cash flow hedges:
Foreign exchange forwards and options	(21		)	1			(12		)	9			Revenues
Foreign exchange forwards and options	110			34			287			—			Cost of sales
Foreign exchange forwards and options	—			—			(3		)	—			Demand creation expense
Foreign exchange forwards and options	44			18			121			9			Other (income) expense, net
Interest rate swaps	(2		)	(2		)	(5		)	(5		)	Interest expense (income), net
Total before tax	131			51			388			13
Tax (expense)	—			(3		)	(1		)	(5		)
Gain (loss) net of tax	131			48			387			8
Gains (losses) on other	—			(3		)	—			8			Other (income) expense, net
Total before tax	—			(3		)	—			8
Tax (expense)	—			—			—			—
Gain (loss) net of tax	—			(3		)	—			8
Total net gain (loss) reclassified for the period	$	130		$	45		$	386		$	16

Revenues

9 Months Ended

Feb. 29, 2020

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 FEBRUARY 29, 2020
(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	$	2,628	$	1,711	$	1,075	$	963	$	—	$	6,377	$	455	$	—		$	6,832
Apparel	1,228		889		400		388		—		2,905		20		—			2,925
Equipment	123		109		31		63		—		326		5		—			331
Other	—		—		—		—		8		8		26		(18		)	16
TOTAL REVENUES	$	3,979	$	2,709	$	1,506	$	1,414	$	8	$	9,616	$	506	$	(18	)	$	10,104
Revenues by:
Sales to Wholesale Customers	$	2,521	$	1,956	$	881	$	953	$	—	$	6,311	$	330	$	—		$	6,641
Sales through Direct to Consumer	1,458		753		625		461		—		3,297		150		—			3,447
Other	—		—		—		—		8		8		26		(18		)	16
TOTAL REVENUES	$	3,979	$	2,709	$	1,506	$	1,414	$	8	$	9,616	$	506	$	(18	)	$	10,104



	THREE MONTHS ENDED FEBRUARY 28, 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	$	2,509	$	1,589	$	1,115	$	909	$	—	$	6,122	$	405	$	—	$	6,527
Apparel	1,173		750		444		340		—		2,707		27		—		2,734
Equipment	128		96		29		58		—		311		5		—		316
Other	—		—		—		—		8		8		26		—		34
TOTAL REVENUES	$	3,810	$	2,435	$	1,588	$	1,307	$	8	$	9,148	$	463	$	—	$	9,611
Revenues by:
Sales to Wholesale Customers	$	2,547	$	1,785	$	936	$	906	$	—	$	6,174	$	308	$	—	$	6,482
Sales through Direct to Consumer	1,263		650		652		401		—		2,966		129		—		3,095
Other	—		—		—		—		8		8		26		—		34
TOTAL REVENUES	$	3,810	$	2,435	$	1,588	$	1,307	$	8	$	9,148	$	463	$	—	$	9,611



	NINE MONTHS ENDED FEBRUARY 29, 2020
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE			TOTAL NIKE, INC.
Revenues by:
Footwear	$	7,723	$	5,005	$	3,486	$	2,890	$	—	$	19,104	$	1,367	$	—		$	20,471
Apparel	4,076		2,655		1,428		1,154		—		9,313		76		—			9,389
Equipment	455		359		118		183		—		1,115		20		—			1,135
Other	—		—		—		—		24		24		78		(7		)	95
TOTAL REVENUES	$	12,254	$	8,019	$	5,032	$	4,227	$	24	$	29,556	$	1,541	$	(7	)	$	31,090
Revenues by:
Sales to Wholesale Customers	$	8,119	$	5,792	$	2,895	$	2,925	$	—	$	19,731	$	983	$	—		$	20,714
Sales through Direct to Consumer	4,135		2,227		2,137		1,302		—		9,801		480		—			10,281
Other	—		—		—		—		24		24		78		(7		)	95
TOTAL REVENUES	$	12,254	$	8,019	$	5,032	$	4,227	$	24	$	29,556	$	1,541	$	(7	)	$	31,090



	NINE MONTHS ENDED FEBRUARY 28, 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	$	7,309	$	4,650	$	3,095	$	2,669	$	—	$	17,723	$	1,222	$	—	$	18,945
Apparel	3,985		2,374		1,314		1,032		—		8,705		93		—		8,798
Equipment	443		331		102		174		—		1,050		18		—		1,068
Other	—		—		—		—		33		33		82		7		122
TOTAL REVENUES	$	11,737	$	7,355	$	4,511	$	3,875	$	33	$	27,511	$	1,415	$	7	$	28,933
Revenues by:
Sales to Wholesale Customers	$	8,031	$	5,318	$	2,704	$	2,777	$	—	$	18,830	$	930	$	—	$	19,760
Sales through Direct to Consumer	3,706		2,037		1,807		1,098		—		8,648		403		—		9,051
Other	—		—		—		—		33		33		82		7		122
TOTAL REVENUES	$	11,737	$	7,355	$	4,511	$	3,875	$	33	$	27,511	$	1,415	$	7	$	28,933

For the three and nine months ended February 29, 2020 and February 28, 2019, other revenues for Global Brand Divisions and Converse were primarily attributable to licensing businesses. For the three and nine months ended February 29, 2020 and February 28, 2019, other revenues for Corporate primarily consisted of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse but managed through the Company's central foreign exchange risk management program.

As of February 29, 2020 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

9 Months Ended

Feb. 29, 2020

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 (EMEA); Greater China; and Asia Pacific & Latin America (APLA), and include results for the NIKE and Jordan brands, with results for the Hurley brand included in North America. Refer to Note 14 — Acquisitions and Divestitures for information regarding the divestiture of the Company's wholly owned subsidiary, Hurley, and the planned transition of NIKE Brand businesses in certain countries within APLA to third-party distributors.

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. For the three and nine months ended February 29, 2020, Corporate includes the non-recurring impairment charge, recognized as a result of the Company's decision to transition its operations in Brazil, Argentina, Chile and Uruguay to third-party distributors. This charge primarily reflects the anticipated release of associated non-cash cumulative foreign currency translation losses. For more information regarding this charge, refer to Note 14 — Acquisitions and Divestitures.

The primary financial measure used by the Company to evaluate performance of individual operating segments is earnings before interest and taxes (EBIT), which represents Net income before Interest expense (income), net and Income 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						NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020			FEBRUARY 28, 2019			FEBRUARY 29, 2020			FEBRUARY 28, 2019
REVENUES
North America	$	3,979		$	3,810		$	12,254		$	11,737
Europe, Middle East & Africa	2,709			2,435			8,019			7,355
Greater China	1,506			1,588			5,032			4,511
Asia Pacific & Latin America	1,414			1,307			4,227			3,875
Global Brand Divisions	8			8			24			33
Total NIKE Brand	9,616			9,148			29,556			27,511
Converse	506			463			1,541			1,415
Corporate	(18		)	—			(7		)	7
TOTAL NIKE, INC. REVENUES	$	10,104		$	9,611		$	31,090		$	28,933
EARNINGS BEFORE INTEREST AND TAXES
North America	$	937		$	916		$	2,912		$	2,877
Europe, Middle East & Africa	575			538			1,694			1,489
Greater China	556			639			1,919			1,702
Asia Pacific & Latin America	387			339			1,105			983
Global Brand Divisions	(895		)	(788		)	(2,624		)	(2,432		)
Converse	96			79			324			221
Corporate	(763		)	(420		)	(1,600		)	(1,245		)
Interest expense (income), net	12			12			39			37
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	881		$	1,291		$	3,691		$	3,558



	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
ACCOUNTS RECEIVABLE, NET
North America	$	1,747	$	1,718
Europe, Middle East & Africa	1,297		1,164
Greater China	398		245
Asia Pacific & Latin America⁽¹⁾	587		771
Global Brand Divisions	108		105
Total NIKE Brand	4,137		4,003
Converse	290		243
Corporate	46		26
TOTAL ACCOUNTS RECEIVABLE, NET	$	4,473	$	4,272
INVENTORIES
North America	$	2,222	$	2,328
Europe, Middle East & Africa	1,501		1,390
Greater China	916		693
Asia Pacific & Latin America⁽¹⁾	614		694
Global Brand Divisions	198		126
Total NIKE Brand	5,451		5,231
Converse	280		269
Corporate	76		122
TOTAL INVENTORIES	$	5,807	$	5,622



	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	655	$	814
Europe, Middle East & Africa	857		929
Greater China	219		237
Asia Pacific & Latin America⁽¹⁾	298		326
Global Brand Divisions	800		665
Total NIKE Brand	2,829		2,971
Converse	84		100
Corporate	1,870		1,673
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,783	$	4,744

(1)

Excludes assets held-for-sale as of February 29, 2020. See Note 14 — Acquisitions and Divestitures for additional information.

Leases

9 Months Ended

Feb. 29, 2020

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 nine months ended February 29, 2020, 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 options to extend or terminate the lease when it is reasonably certain the Company will exercise those options. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation as a result of changes in a published index, primarily the Consumer Price Index.

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 February 29, 2020, lease expense primarily consisted of operating lease costs of $137 million, and $83 million primarily related to variable lease costs which includes an immaterial amount of short-term lease costs. For the nine months ended February 29, 2020, lease expense primarily consisted of operating lease costs of $425 million, and $270 million primarily related to variable lease costs which includes 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 FEBRUARY 29, 2020⁽¹⁾
Remainder of Fiscal 2020	$	139
Fiscal 2021	538
Fiscal 2022	478
Fiscal 2023	420
Fiscal 2024	381
Thereafter	1,672
Total undiscounted future cash flows related to lease payments	$	3,628
Less: Interest	448
Present value of lease liabilities	$	3,180


(1)	Excludes $292 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 FEBRUARY 29,
	2020
Weighted-average remaining lease term (years)	8.6
Weighted-average discount rate	2.6	%

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



	NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	407
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities⁽¹⁾	$	368

(1)

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

Acquisitions And Divestitures

9 Months Ended

Feb. 29, 2020

Business Combinations [Abstract]

Acquisitions And Divestitures

NOTE 14 — ACQUISITIONS AND DIVESTITURES

ACQUISITIONS

During fiscal 2020 and 2019, the Company made multiple acquisitions focused on gaining new capabilities to fuel its Consumer Direct Offense strategy, serving consumers personally at a global scale. The impact of acquisitions, individually and in the aggregate, was not considered material to the Company’s Unaudited Condensed Consolidated Financial Statements.

DIVESTITURES

During the third quarter of fiscal 2020, as a result of the Company’s decision to transition its wholesale and direct to consumer operating model in certain countries within its APLA operating segment, the Company signed definitive agreements to sell its NIKE Brand businesses in Brazil, Argentina, Chile and Uruguay to third-party distributors. Specifically, NIKE entered into agreements to sell its operations in Argentina, Chile and Uruguay to Grupo Axo and to sell substantially all of its operations in Brazil to Grupo SBF S.A., through its wholly owned subsidiary. The Company will retain a small operation in Brazil focused on certain sports marketing assets, local manufacturing and Converse. These transactions are expected to close in the first half of fiscal 2021, with Grupo SBF S.A.’s transaction subject to Brazil Antitrust Authority approvals.

As a result of this decision, the related assets and liabilities of these entities were classified as held-for-sale on the Unaudited Condensed Consolidated Balance Sheets as of February 29, 2020, which consisted of the following:


•	Assets of $524 million, primarily consisting of $217 million of Inventories and $210 million of Accounts receivable, net which were reclassified to Prepaid expenses and other current assets on the Company’s Unaudited Condensed Consolidated Balance Sheets; and


•	Liabilities of $158 million, primarily consisting of $84 million of Accrued liabilities, as well as $60 million of Accounts Payable, which was reclassified to Accrued liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets.

Upon meeting the criteria for held-for-sale classification, the Company recognized a non-recurring impairment charge of $400 million within Other (income) expense, net on the Unaudited Condensed Consolidated Statements of Income, classified within Corporate, and a corresponding allowance within Accrued Liabilities on the Unaudited Condensed Consolidated Balance Sheets. This charge was primarily due to the anticipated release of non-cash cumulative foreign currency translation losses, which were included as part of the carrying value of the Argentina, Chile and Uruguay disposal groups when measuring for impairment. These losses will be reclassified from Accumulated other comprehensive income (loss) to Net income upon closure of the transaction. For more information see Note 4 — Fair Value Measurements.

On October 29, 2019, the Company signed a definitive agreement to sell the assets and liabilities of its wholly owned subsidiary brand, Hurley. The transaction closed on December 6, 2019, and the impacts of the divestiture are not considered material to the Company.

Subsequent Events

9 Months Ended

Feb. 29, 2020

Subsequent Events [Abstract]

Subsequent Events

NOTE 15 — SUBSEQUENT EVENTS

A novel strain of coronavirus (COVID-19) was first identified in Wuhan, China in December 2019, and subsequently declared a pandemic by the World Health Organization. Subsequent to the end of the third quarter of fiscal 2020, nearly all NIKE-owned stores outside of Greater China and Korea were closed to help curb the spread of COVID-19 and there can be no assurance as to how long these closures may remain in effect. Furthermore, even after reopening there can be no assurance as to the time required to regain operations and sales at prior levels. Given the dynamic nature of this situation, the Company cannot reasonably estimate the impacts of COVID-19 on its financial condition, results of operations or cash flows for the foreseeable future. However, the Company expects it will have a material, adverse impact on future revenue growth as well as overall profitability and may lead to higher than normal inventory levels, revised payment terms with certain wholesale customers, higher sales-related reserves, factory cancellation costs and a volatile effective tax rate driven by changes in the mix of earnings across the Company's jurisdictions.

In response to the uncertainty of the circumstances described above, the Company has enhanced its liquidity position through the following actions as described below.

On March 27, 2020, the Company issued senior unsecured notes, as outlined in the table below:



Scheduled Maturity (Dollars in millions)	ORIGINAL PRINCIPAL		INTEREST RATE		INTEREST PAYMENTS
Corporate Term Debt:⁽¹⁾⁽²⁾
March 27, 2025	$	1,000	2.40	%	Semi-Annually
March 27, 2027	1,000		2.75	%	Semi-Annually
March 27, 2030	1,500		2.85	%	Semi-Annually
March 27, 2040	1,000		3.25	%	Semi-Annually
March 27, 2050	1,500		3.38	%	Semi-Annually
TOTAL ISSUANCE	$	6,000


(1)	These senior unsecured obligations rank equally with the Company's other unsecured and unsubordinated indebtedness.

(2)

The bonds are redeemable at the Company's option up to one, two, three, six and six months prior to the scheduled maturity date for the bonds maturing in 2025, 2027, 2030, 2040 and 2050, respectively, at a price equal to the greater of (i) 100% of the aggregate principal amount of the bonds to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Within one, two, three, six and six months to scheduled maturity, respectively, the bonds also feature a par call provision, which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the bonds being redeemed, plus accrued and unpaid interest.

As of April 7, 2020, the Company had $1 billion of borrowings outstanding under its $2 billion commercial paper program at a weighted average rate of 1.65%.

On April 6, 2020, the Company entered into a committed credit facility agreement with a syndicate of banks which provides for up to $2 billion of borrowings, in addition to the existing credit facility discussed in Note 5 — Short-Term Borrowings and Credit Lines. The new facility matures on April 5, 2021. 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 LIBOR plus 1.05%. The facility fee is 0.20% of the total commitment. As of April 7, 2020, no amounts were outstanding under this committed credit facility.

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Feb. 29, 2020
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 and nine months ended February 29, 2020 are not necessarily indicative of results to be expected for the entire fiscal 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 replaced 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 provided 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.
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.
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.
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 nine months ended February 29, 2020, 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 options to extend or terminate the lease when it is reasonably certain the Company will exercise those options. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation as a result of changes in a published index, primarily the Consumer Price Index. 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)

9 Months Ended

Feb. 29, 2020

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities included the following:



	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
Sales-related reserves	$	1,361	$	1,218
Compensation and benefits, excluding taxes	1,202		1,232
Allowance for cumulative foreign currency translation losses⁽¹⁾	400		—
Dividends payable	384		346
Endorsement compensation	365		424
Import and logistics costs	297		296
Taxes other than income taxes payable	248		234
Liabilities held-for-sale⁽¹⁾	158		—
Advertising and marketing	120		114
Collateral received from counterparties to hedging instruments	86		289
Fair value of derivatives	48		52
Other⁽²⁾	687		805
TOTAL ACCRUED LIABILITIES	$	5,356	$	5,010


(1)	Refer to Note 14 — Acquisitions and Divestitures for additional information.

(2)

Other consists of various accrued expenses with no individual item accounting for more than 5% of the total Accrued liabilities balance at February 29, 2020 and May 31, 2019.

Fair Value Measurements (Tables)

9 Months Ended

Feb. 29, 2020

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 February 29, 2020 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	FEBRUARY 29, 2020
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	649	$	649	$	—
Level 1:
U.S. Treasury securities	280		—		280
Level 2:
Commercial paper and bonds	36		1		35
Money market funds	1,390		1,390		—
Time deposits	826		823		3
U.S. Agency securities	1		—		1
Total Level 2	2,253		2,214		39
TOTAL	$	3,182	$	2,863	$	319



	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 February 29, 2020 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	FEBRUARY 29, 2020
	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⁾	$	324	$	297	$	27	$	48	$	47	$	1
Embedded derivatives	2		2		—		1		1		—
TOTAL	$	326	$	299	$	27	$	49	$	48	$	1

(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 $47 million as of February 29, 2020. As of that date, the Company had received $86 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 February 29, 2020.



	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 tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of February 29, 2020 and May 31, 2019:



	DERIVATIVE ASSETS
	BALANCE SHEET LOCATION	FEBRUARY 29,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2020		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	261	$	509
Foreign exchange forwards and options	Deferred income taxes and other assets	27		—
Total derivatives formally designated as hedging instruments		288		509
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	36		102
Embedded derivatives	Prepaid expenses and other current assets	2		5
Embedded derivatives	Deferred income taxes and other assets	—		6
Total derivatives not designated as hedging instruments		38		113
TOTAL DERIVATIVE ASSETS		$	326	$	622

	DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	FEBRUARY 29,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2020		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	$	37	$	5
Foreign exchange forwards and options	Deferred income taxes and other liabilities	1		—
Total derivatives formally designated as hedging instruments		38		5
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	10		46
Embedded derivatives	Accrued liabilities	1		1
Embedded derivatives	Deferred income taxes and other liabilities	—		2
Total derivatives not designated as hedging instruments		11		49
TOTAL DERIVATIVE LIABILITIES		$	49	$	54

Stock-Based Compensation (Tables)

9 Months Ended

Feb. 29, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

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				NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020		FEBRUARY 28, 2019		FEBRUARY 29, 2020		FEBRUARY 28, 2019
Stock options⁽¹⁾	$	64	$	62	$	170	$	145
ESPPs	11		10		35		28
Restricted stock	38		21		98		53
TOTAL STOCK-BASED COMPENSATION EXPENSE	$	113	$	93	$	303	$	226

(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:



	NINE MONTHS ENDED
	FEBRUARY 29, 2020		FEBRUARY 28, 2019
Dividend yield	1.0	%	1.0	%
Expected volatility	23.0	%	26.6	%
Weighted average expected life (in years)	6.0		6.0
Risk-free interest rate	1.5	%	2.8	%

Earnings Per Share (Tables)

9 Months Ended

Feb. 29, 2020

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 15.8 million and 18.7 million shares of common stock outstanding for the three months ended February 29, 2020 and February 28, 2019, respectively, and 31.1 million and 19.1 million shares of common stock outstanding for the nine months ended February 29, 2020 and February 28, 2019, respectively, because the options were anti-dilutive.



	THREE MONTHS ENDED				NINE MONTHS ENDED
(In millions, except per share data)	FEBRUARY 29, 2020		FEBRUARY 28, 2019		FEBRUARY 29, 2020		FEBRUARY 28, 2019
Net income available to common stockholders	$	847	$	1,101	$	3,329	$	3,040
Determination of shares:
Weighted average common shares outstanding	1,556.3		1,572.8		1,559.8		1,582.8
Assumed conversion of dilutive stock options and awards	35.3		36.8		34.8		38.7
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,591.6		1,609.6		1,594.6		1,621.5
Earnings per common share:
Basic	$	0.54	$	0.70	$	2.13	$	1.92
Diluted	$	0.53	$	0.68	$	2.09	$	1.87

Risk Management and Derivatives (Tables)

9 Months Ended

Feb. 29, 2020

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 February 29, 2020 and May 31, 2019, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:



	FEBRUARY 29, 2020
	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⁾	$	324	$	297	$	27	$	48	$	47	$	1
Embedded derivatives	2		2		—		1		1		—
TOTAL	$	326	$	299	$	27	$	49	$	48	$	1

(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 $47 million as of February 29, 2020. As of that date, the Company had received $86 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 February 29, 2020.



	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 tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets as of February 29, 2020 and May 31, 2019:



	DERIVATIVE ASSETS
	BALANCE SHEET LOCATION	FEBRUARY 29,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2020		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	261	$	509
Foreign exchange forwards and options	Deferred income taxes and other assets	27		—
Total derivatives formally designated as hedging instruments		288		509
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	36		102
Embedded derivatives	Prepaid expenses and other current assets	2		5
Embedded derivatives	Deferred income taxes and other assets	—		6
Total derivatives not designated as hedging instruments		38		113
TOTAL DERIVATIVE ASSETS		$	326	$	622

	DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	FEBRUARY 29,		MAY 31,
(Dollars in millions)	BALANCE SHEET LOCATION	2020		2019
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	$	37	$	5
Foreign exchange forwards and options	Deferred income taxes and other liabilities	1		—
Total derivatives formally designated as hedging instruments		38		5
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	10		46
Embedded derivatives	Accrued liabilities	1		1
Embedded derivatives	Deferred income taxes and other liabilities	—		2
Total derivatives not designated as hedging instruments		11		49
TOTAL DERIVATIVE LIABILITIES		$	49	$	54

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

The following tables present 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 and nine months ended February 29, 2020 and February 28, 2019:



	THREE MONTHS ENDED
	FEBRUARY 29, 2020					FEBRUARY 28, 2019
(Dollars in millions)	TOTAL		AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY			TOTAL			AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY
Revenues	$	10,104	$	(21	)	$	9,611		$	1
Cost of sales	5,631		110			5,272			34
Demand creation expense	870		—			865			—
Other (income) expense, net	297		44			(55		)	18
Interest expense (income), net	12		(2		)	12			(2		)



	NINE MONTHS ENDED
	FEBRUARY 29, 2020					FEBRUARY 28, 2019
(Dollars in millions)	TOTAL		AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY			TOTAL			AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY
Revenues	$	31,090	$	(12	)	$	28,933		$	9
Cost of sales	17,202		287			16,092			—
Demand creation expense	2,769		(3		)	2,739			—
Other (income) expense, net	223		121			(50		)	9
Interest expense (income), net	39		(5		)	37			(5		)

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 and nine months ended February 29, 2020 and February 28, 2019:



(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					LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	THREE MONTHS ENDED
	FEBRUARY 29, 2020		FEBRUARY 28, 2019				FEBRUARY 29, 2020			FEBRUARY 28, 2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	17	$	(50	)	Revenues	$	(21	)	$	1
Foreign exchange forwards and options	39		(1		)	Cost of sales	110			34
Foreign exchange forwards and options	1		2			Demand creation expense	—			—
Foreign exchange forwards and options	7		7			Other (income) expense, net	44			18
Interest rate swaps⁽²⁾	—		—			Interest expense (income), net	(2		)	(2		)
Total designated cash flow hedges	$	64	$	(42	)		$	131		$	51


(1)	For the three months ended February 29, 2020 and February 28, 2019, 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.



(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⁾
	NINE MONTHS ENDED						LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	NINE MONTHS ENDED
	FEBRUARY 29, 2020			FEBRUARY 28, 2019				FEBRUARY 29, 2020			FEBRUARY 28, 2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	(45	)	$	(31	)	Revenues	$	(12	)	$	9
Foreign exchange forwards and options	185			273			Cost of sales	287			—
Foreign exchange forwards and options	1			2			Demand creation expense	(3		)	—
Foreign exchange forwards and options	67			112			Other (income) expense, net	121			9
Interest rate swaps⁽²⁾	—			—			Interest expense (income), net	(5		)	(5		)
Total designated cash flow hedges	$	208		$	356			$	388		$	13


(1)	For the nine months ended February 29, 2020 and February 28, 2019, 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						NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020			FEBRUARY 28, 2019			FEBRUARY 29, 2020			FEBRUARY 28, 2019
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	12		$	(59	)	$	(9	)	$	129	Other (income) expense, net
Embedded derivatives	(2		)	(2		)	(7		)	2		Other (income) expense, net

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Feb. 29, 2020

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 November 30, 2019	$	(407	)	$	401		$	115	$	(57	)	$	52
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(43		)	63			—		1			21
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	1			(131		)	—		—			(130		)
Total other comprehensive income (loss)	(42		)	(68		)	—		1			(109		)
Balance at February 29, 2020	$	(449	)	$	333		$	115	$	(56	)	$	(57	)


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


(3)	Net of tax 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, 2019	$	(346	)	$	520		$	115	$	(58	)	$	231
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	(104		)	200			—		2			98
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	1			(387		)	—		—			(386		)
Total other comprehensive income (loss)	(103		)	(187		)	—		2			(288		)
Balance at February 29, 2020	$	(449	)	$	333		$	115	$	(56	)	$	(57	)


(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 (expense) of $0 million, $(8) million, $0 million, $0 million and $(8) million, respectively.


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



(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT⁽¹⁾			CASH FLOW HEDGES			NET INVESTMENT HEDGES⁽¹⁾		OTHER			TOTAL
Balance at November 30, 2018	$	(303	)	$	451		$	115	$	(54	)	$	209
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications⁽²⁾	79			(43		)	—		(3		)	33
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			(48		)	—		3			(45		)
Total other comprehensive income (loss)	79			(91		)	—		—			(12		)
Balance at February 28, 2019	$	(224	)	$	360		$	115	$	(54	)	$	197


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


(3)	Net of tax expense of $0 million, $3 million, $0 million, $0 million and $3 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⁾	(51		)	351			—		5			305
Reclassifications to net income of previously deferred (gains) losses⁽³⁾	—			(8		)	—		(8		)	(16		)
Total other comprehensive income (loss)	(51		)	343			—		(3		)	289
Balance at February 28, 2019	$	(224	)	$	360		$	115	$	(54	)	$	197


(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 (expense) of $0 million, $(5) million, $0 million, $0 million and $(5) million, respectively.

(3)

Net of tax expense of $0 million, $5 million, $0 million, $0 million and $5 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						NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020			FEBRUARY 28, 2019			FEBRUARY 29, 2020			FEBRUARY 28, 2019
Gains (losses) on foreign currency translation adjustment	$	(1	)	$	—		$	(1	)	$	—		Other expense (income), net
Total before tax	(1		)	—			(1		)	—
Tax (expense) benefit	—			—			—			—
Gain (loss) net of tax	(1		)	—			(1		)	—
Gains (losses) on cash flow hedges:
Foreign exchange forwards and options	(21		)	1			(12		)	9			Revenues
Foreign exchange forwards and options	110			34			287			—			Cost of sales
Foreign exchange forwards and options	—			—			(3		)	—			Demand creation expense
Foreign exchange forwards and options	44			18			121			9			Other (income) expense, net
Interest rate swaps	(2		)	(2		)	(5		)	(5		)	Interest expense (income), net
Total before tax	131			51			388			13
Tax (expense)	—			(3		)	(1		)	(5		)
Gain (loss) net of tax	131			48			387			8
Gains (losses) on other	—			(3		)	—			8			Other (income) expense, net
Total before tax	—			(3		)	—			8
Tax (expense)	—			—			—			—
Gain (loss) net of tax	—			(3		)	—			8
Total net gain (loss) reclassified for the period	$	130		$	45		$	386		$	16

Revenues (Tables)

9 Months Ended

Feb. 29, 2020

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 FEBRUARY 29, 2020
(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	$	2,628	$	1,711	$	1,075	$	963	$	—	$	6,377	$	455	$	—		$	6,832
Apparel	1,228		889		400		388		—		2,905		20		—			2,925
Equipment	123		109		31		63		—		326		5		—			331
Other	—		—		—		—		8		8		26		(18		)	16
TOTAL REVENUES	$	3,979	$	2,709	$	1,506	$	1,414	$	8	$	9,616	$	506	$	(18	)	$	10,104
Revenues by:
Sales to Wholesale Customers	$	2,521	$	1,956	$	881	$	953	$	—	$	6,311	$	330	$	—		$	6,641
Sales through Direct to Consumer	1,458		753		625		461		—		3,297		150		—			3,447
Other	—		—		—		—		8		8		26		(18		)	16
TOTAL REVENUES	$	3,979	$	2,709	$	1,506	$	1,414	$	8	$	9,616	$	506	$	(18	)	$	10,104



	THREE MONTHS ENDED FEBRUARY 28, 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	$	2,509	$	1,589	$	1,115	$	909	$	—	$	6,122	$	405	$	—	$	6,527
Apparel	1,173		750		444		340		—		2,707		27		—		2,734
Equipment	128		96		29		58		—		311		5		—		316
Other	—		—		—		—		8		8		26		—		34
TOTAL REVENUES	$	3,810	$	2,435	$	1,588	$	1,307	$	8	$	9,148	$	463	$	—	$	9,611
Revenues by:
Sales to Wholesale Customers	$	2,547	$	1,785	$	936	$	906	$	—	$	6,174	$	308	$	—	$	6,482
Sales through Direct to Consumer	1,263		650		652		401		—		2,966		129		—		3,095
Other	—		—		—		—		8		8		26		—		34
TOTAL REVENUES	$	3,810	$	2,435	$	1,588	$	1,307	$	8	$	9,148	$	463	$	—	$	9,611



	NINE MONTHS ENDED FEBRUARY 29, 2020
(Dollars in millions)	NORTH AMERICA		EUROPE, MIDDLE EAST & AFRICA		GREATER CHINA		ASIA PACIFIC & LATIN AMERICA		GLOBAL BRAND DIVISIONS		TOTAL NIKE BRAND		CONVERSE		CORPORATE			TOTAL NIKE, INC.
Revenues by:
Footwear	$	7,723	$	5,005	$	3,486	$	2,890	$	—	$	19,104	$	1,367	$	—		$	20,471
Apparel	4,076		2,655		1,428		1,154		—		9,313		76		—			9,389
Equipment	455		359		118		183		—		1,115		20		—			1,135
Other	—		—		—		—		24		24		78		(7		)	95
TOTAL REVENUES	$	12,254	$	8,019	$	5,032	$	4,227	$	24	$	29,556	$	1,541	$	(7	)	$	31,090
Revenues by:
Sales to Wholesale Customers	$	8,119	$	5,792	$	2,895	$	2,925	$	—	$	19,731	$	983	$	—		$	20,714
Sales through Direct to Consumer	4,135		2,227		2,137		1,302		—		9,801		480		—			10,281
Other	—		—		—		—		24		24		78		(7		)	95
TOTAL REVENUES	$	12,254	$	8,019	$	5,032	$	4,227	$	24	$	29,556	$	1,541	$	(7	)	$	31,090



	NINE MONTHS ENDED FEBRUARY 28, 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	$	7,309	$	4,650	$	3,095	$	2,669	$	—	$	17,723	$	1,222	$	—	$	18,945
Apparel	3,985		2,374		1,314		1,032		—		8,705		93		—		8,798
Equipment	443		331		102		174		—		1,050		18		—		1,068
Other	—		—		—		—		33		33		82		7		122
TOTAL REVENUES	$	11,737	$	7,355	$	4,511	$	3,875	$	33	$	27,511	$	1,415	$	7	$	28,933
Revenues by:
Sales to Wholesale Customers	$	8,031	$	5,318	$	2,704	$	2,777	$	—	$	18,830	$	930	$	—	$	19,760
Sales through Direct to Consumer	3,706		2,037		1,807		1,098		—		8,648		403		—		9,051
Other	—		—		—		—		33		33		82		7		122
TOTAL REVENUES	$	11,737	$	7,355	$	4,511	$	3,875	$	33	$	27,511	$	1,415	$	7	$	28,933

Operating Segments (Tables)

9 Months Ended

Feb. 29, 2020

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						NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020			FEBRUARY 28, 2019			FEBRUARY 29, 2020			FEBRUARY 28, 2019
REVENUES
North America	$	3,979		$	3,810		$	12,254		$	11,737
Europe, Middle East & Africa	2,709			2,435			8,019			7,355
Greater China	1,506			1,588			5,032			4,511
Asia Pacific & Latin America	1,414			1,307			4,227			3,875
Global Brand Divisions	8			8			24			33
Total NIKE Brand	9,616			9,148			29,556			27,511
Converse	506			463			1,541			1,415
Corporate	(18		)	—			(7		)	7
TOTAL NIKE, INC. REVENUES	$	10,104		$	9,611		$	31,090		$	28,933
EARNINGS BEFORE INTEREST AND TAXES
North America	$	937		$	916		$	2,912		$	2,877
Europe, Middle East & Africa	575			538			1,694			1,489
Greater China	556			639			1,919			1,702
Asia Pacific & Latin America	387			339			1,105			983
Global Brand Divisions	(895		)	(788		)	(2,624		)	(2,432		)
Converse	96			79			324			221
Corporate	(763		)	(420		)	(1,600		)	(1,245		)
Interest expense (income), net	12			12			39			37
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	881		$	1,291		$	3,691		$	3,558

Reconciliation of Assets from Segment to Consolidated



	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
ACCOUNTS RECEIVABLE, NET
North America	$	1,747	$	1,718
Europe, Middle East & Africa	1,297		1,164
Greater China	398		245
Asia Pacific & Latin America⁽¹⁾	587		771
Global Brand Divisions	108		105
Total NIKE Brand	4,137		4,003
Converse	290		243
Corporate	46		26
TOTAL ACCOUNTS RECEIVABLE, NET	$	4,473	$	4,272
INVENTORIES
North America	$	2,222	$	2,328
Europe, Middle East & Africa	1,501		1,390
Greater China	916		693
Asia Pacific & Latin America⁽¹⁾	614		694
Global Brand Divisions	198		126
Total NIKE Brand	5,451		5,231
Converse	280		269
Corporate	76		122
TOTAL INVENTORIES	$	5,807	$	5,622



	FEBRUARY 29,		MAY 31,
(Dollars in millions)	2020		2019
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	655	$	814
Europe, Middle East & Africa	857		929
Greater China	219		237
Asia Pacific & Latin America⁽¹⁾	298		326
Global Brand Divisions	800		665
Total NIKE Brand	2,829		2,971
Converse	84		100
Corporate	1,870		1,673
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,783	$	4,744

(1)

Excludes assets held-for-sale as of February 29, 2020. See Note 14 — Acquisitions and Divestitures for additional information.

Leases (Tables)

9 Months Ended

Feb. 29, 2020

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 FEBRUARY 29, 2020⁽¹⁾
Remainder of Fiscal 2020	$	139
Fiscal 2021	538
Fiscal 2022	478
Fiscal 2023	420
Fiscal 2024	381
Thereafter	1,672
Total undiscounted future cash flows related to lease payments	$	3,628
Less: Interest	448
Present value of lease liabilities	$	3,180

(1)

Excludes $292 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 FEBRUARY 29,
	2020
Weighted-average remaining lease term (years)	8.6
Weighted-average discount rate	2.6	%

Lease, Cost

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



	NINE MONTHS ENDED
(Dollars in millions)	FEBRUARY 29, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	407
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities⁽¹⁾	$	368

(1)

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

Subsequent Events (Tables)

9 Months Ended

Feb. 29, 2020

Subsequent Events [Abstract]

Schedule of Debt

On March 27, 2020, the Company issued senior unsecured notes, as outlined in the table below:



Scheduled Maturity (Dollars in millions)	ORIGINAL PRINCIPAL		INTEREST RATE		INTEREST PAYMENTS
Corporate Term Debt:⁽¹⁾⁽²⁾
March 27, 2025	$	1,000	2.40	%	Semi-Annually
March 27, 2027	1,000		2.75	%	Semi-Annually
March 27, 2030	1,500		2.85	%	Semi-Annually
March 27, 2040	1,000		3.25	%	Semi-Annually
March 27, 2050	1,500		3.38	%	Semi-Annually
TOTAL ISSUANCE	$	6,000


(1)	These senior unsecured obligations rank equally with the Company's other unsecured and unsubordinated indebtedness.

(2)

The bonds are redeemable at the Company's option up to one, two, three, six and six months prior to the scheduled maturity date for the bonds maturing in 2025, 2027, 2030, 2040 and 2050, respectively, at a price equal to the greater of (i) 100% of the aggregate principal amount of the bonds to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. Within one, two, three, six and six months to scheduled maturity, respectively, the bonds also feature a par call provision, which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the bonds being redeemed, plus accrued and unpaid interest.

Summary of Significant Accounting Policies - Recently Adopted Accounting Standards (Details) - USD ($) $ in Millions	Feb. 29, 2020	Jun. 01, 2019	May 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets	$ 26,220		$ 23,717
Operating lease liability	3,180
Operating lease right-of-use assets	$ 2,907		$ 0
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets		$ 2,700
Liabilities		2,700
Operating lease liability		3,200
Operating lease right-of-use assets		2,900
Decrease in deferred rent liabilities		348
Build-to-suit lease asset removed		184
Build-to-suit lease liability removed		$ 184

Inventories (Detail) - USD ($) $ in Millions	Feb. 29, 2020	May 31, 2019
Inventory Disclosure [Abstract]
Inventory balances, were substantially all finished goods	$ 5,807	$ 5,622

Accrued Liabilities (Detail) - USD ($) $ in Millions	Feb. 29, 2020	May 31, 2019
Accrued Liabilities, Current [Abstract]
Sales-related reserves	$ 1,361	$ 1,218
Compensation and benefits, excluding taxes	1,202	1,232
Allowance for cumulative foreign currency translation losses	400	0
Dividends payable	384	346
Endorsement compensation	365	424
Import and logistics costs	297	296
Taxes other than income taxes payable	248	234
Liabilities, held-for-sale	158	0
Advertising and marketing	120	114
Collateral received from counterparties to hedging instruments	86	289
Fair value of derivatives	48	52
Other	687	805
TOTAL ACCRUED LIABILITIES	$ 5,356	$ 5,010

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Feb. 29, 2020	May 31, 2019
Assets, Fair Value Disclosure [Abstract]
Cash	$ 649	$ 853
ASSETS AT FAIR VALUE	3,182	4,663
CASH AND EQUIVALENTS	2,863	4,466
SHORT-TERM INVESTMENTS	319	197
Fair Value, Inputs, Level 1 \| U.S. Treasury securities
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	280	347
CASH AND EQUIVALENTS	0	200
SHORT-TERM INVESTMENTS	280	147
Fair Value, Inputs, Level 2
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	2,253	3,463
CASH AND EQUIVALENTS	2,214	3,413
SHORT-TERM INVESTMENTS	39	50
Fair Value, Inputs, Level 2 \| Commercial paper and bonds
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	36	34
CASH AND EQUIVALENTS	1	1
SHORT-TERM INVESTMENTS	35	33
Fair Value, Inputs, Level 2 \| Money market funds
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	1,390	1,637
CASH AND EQUIVALENTS	1,390	1,637
SHORT-TERM INVESTMENTS	0	0
Fair Value, Inputs, Level 2 \| Time deposits
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	826	1,791
CASH AND EQUIVALENTS	823	1,775
SHORT-TERM INVESTMENTS	3	16
Fair Value, Inputs, Level 2 \| U.S. Agency securities
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	1	1
CASH AND EQUIVALENTS	0	0
SHORT-TERM INVESTMENTS	$ 1	$ 1

Fair Value Measurements - Derivative Assets and Liabilities at Fair Value (Detail) - USD ($)	Feb. 29, 2020	May 31, 2019
Derivatives, Fair Value [Line Items]
ACCRUED LIABILITIES	$ 48,000,000	$ 52,000,000
Collateral received from counterparties to hedging instruments	86,000,000	289,000,000
Fair Value, Measurements, Recurring \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
Reduction in derivative liabilities if netted	47,000,000	50,000,000
Reduction in derivative assets if netted	47,000,000	50,000,000
Cash and Cash Equivalents
Derivatives, Fair Value [Line Items]
Collateral received from counterparties to hedging instruments	86,000,000
Cash and Cash Equivalents \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
Collateral received from counterparties to hedging instruments	86,000,000	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	326,000,000	622,000,000
OTHER CURRENT ASSETS	299,000,000	616,000,000
OTHER LONG-TERM ASSETS	27,000,000	6,000,000
LIABILITIES AT FAIR VALUE	49,000,000	54,000,000
ACCRUED LIABILITIES	48,000,000	52,000,000
OTHER LONG-TERM LIABILITIES	1,000,000	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	324,000,000	611,000,000
OTHER CURRENT ASSETS	297,000,000	611,000,000
OTHER LONG-TERM ASSETS	27,000,000	0
LIABILITIES AT FAIR VALUE	48,000,000	51,000,000
ACCRUED LIABILITIES	47,000,000	51,000,000
OTHER LONG-TERM LIABILITIES	1,000,000	0
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring \| Embedded derivatives
Derivatives, Fair Value [Line Items]
ASSETS AT FAIR VALUE	2,000,000	11,000,000
OTHER CURRENT ASSETS	2,000,000	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		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019	May 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long term debt	$ 4,009		$ 4,009		$ 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	267		267
Available-for-sale securities with maturity dates over one year and less than five years from purchase date	52		52
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	16	$ 20	51	$ 60
Grupo Axo and SBF \| Discontinued Operations, Held-for-sale \| NIKE Brand Businesses \| Brazil, Argentina, Chile and Uruguay \| Other Income (Expense)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non-recurring impairment charge	$ 400		$ 400

Short-Term Borrowings and Credit Lines (Detail) - USD ($)	Aug. 16, 2019	Feb. 29, 2020	May 31, 2019	Aug. 28, 2015
Short-term Debt [Line Items]
Notes payable		$ 9,000,000	$ 9,000,000
Commercial paper
Short-term Debt [Line Items]
Notes payable		0	0
Borrowing capacity		2,000,000,000
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 ($)	9 Months Ended
Income Taxes (Detail) - USD ($)	Feb. 29, 2020	Feb. 28, 2019	Dec. 31, 2019	May 31, 2019
Income Tax Disclosure [Abstract]
Federal income tax rate	9.80%	14.60%
Total gross unrecognized tax benefits, excluding related interest and penalties	$ 802,000,000			$ 808,000,000
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	555,000,000
Increase (decrease) in liability for payment of interest and penalties	(20,000,000)
Accrued interest and penalties related to uncertain tax positions (excluding federal benefit)	154,000,000			$ 174,000,000
Estimated decrease in total gross unrecognized tax benefits as a result of resolutions of global tax examinations and expiration of applicable statutes of limitations	40,000,000
Undistributed earnings of foreign subsidiaries			$ 8,700,000,000
Deferred tax liabilities, undistributed foreign earnings	$ 1,300,000,000		$ 0

Stock-Based Compensation - Total Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 303	$ 226
Tax benefit related to stock-based compensation expense	$ 67	$ 60	181	134
Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 113	93	$ 303	226
Stock Incentive Plan \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	718,000,000		718,000,000
Stock options \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 64	62	$ 170	145
ESPPs \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	11	10	35	28
Restricted stock \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 38	$ 21	$ 98	$ 53

Stock-Based Compensation - Weighted Average Assumptions Used to Estimate Fair Values (Detail) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
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)	$ 18.71	$ 22.79
Dividend yield	1.00%	1.00%
Expected volatility	23.00%	26.60%
Weighted average expected life	6 years	6 years
Risk-free interest rate	1.50%	2.80%
Stock Incentive Plan \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs from stock options	$ 475
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 8 months 12 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	9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 88.28	$ 80.88
Unrecognized compensation costs from restricted stock, net of estimated forfeitures	$ 378
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 10 months 24 days

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
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 (in shares)	15.8	18.7	31.1	19.1

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		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Earnings Per Share [Abstract]
Net income available to common stockholders	$ 847	$ 1,101	$ 3,329	$ 3,040
Determination of shares:
Weighted average common shares outstanding (in shares)	1,556.3	1,572.8	1,559.8	1,582.8
Assumed conversion of dilutive stock options and awards (in shares)	35.3	36.8	34.8	38.7
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	1,591.6	1,609.6	1,594.6	1,621.5
Earnings per common share:
Basic (in dollars per share)	$ 0.54	$ 0.70	$ 2.13	$ 1.92
Diluted (in dollars per share)	$ 0.53	$ 0.68	$ 2.09	$ 1.87

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ 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 ($)	9 Months Ended
	Feb. 29, 2020	May 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Credit risk related contingent features collateral threshold	$ 50,000,000
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	$ 322,000,000
Maximum term over which the Company is hedging exposures to the variability of cash flows for its forecasted and recorded transactions (in months)	23 months
Derivative instruments in net liability position	$ 1,000,000
Collateral received from counterparties to hedging instruments	86,000,000	$ 289,000,000
Not designated as derivative instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total notional amount of outstanding derivatives	3,600,000,000
Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total notional amount of outstanding derivatives	$ 350,000,000
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	$ 8,200,000,000
Cash and Cash Equivalents
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Collateral received from counterparties to hedging instruments	86,000,000
Cash and Cash Equivalents \| Foreign exchange forwards and options
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Collateral received from counterparties to hedging instruments	$ 86,000,000	$ 289,000,000

Risk Management and Derivatives - FV of Derivative Instruments Included within Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Feb. 29, 2020	May 31, 2019
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	$ 326	$ 622
DERIVATIVE LIABILITIES	49	54
Derivatives formally designated as hedging instruments
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	288	509
DERIVATIVE LIABILITIES	38	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	261	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	27	0
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	37	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	1	0
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	38	113
DERIVATIVE LIABILITIES	11	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	36	102
Derivatives not designated as hedging instruments \| Foreign exchange forwards and options \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	10	46
Derivatives not designated as hedging instruments \| Embedded derivatives \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	2	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		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Revenues	$ 10,104	$ 9,611	$ 31,090	$ 28,933
Cost of sales	5,631	5,272	17,202	16,092
Demand creation expense	870	865	2,769	2,739
Other (income) expense, net	297	(55)	223	(50)
Interest expense (income), net	12	12	39	37
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	131	51	388	13
Foreign exchange forwards and options \| Revenue \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	(21)	1	(12)	9
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	110	34	287	0
Foreign exchange forwards and options \| Demand creation expense \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	0	0	(3)	0
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	44	18	121	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)	$ (5)	$ (5)

Risk Management and Derivatives - Amounts Affecting Consolidated Statements of Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
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	$ 12	$ (59)	$ (9)	$ 129
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	(2)	(2)	(7)	2
Derivatives designated as cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	64	(42)	208	356
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	131	51	388	13
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	17	(50)	(45)	(31)
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	(21)	1	(12)	9
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	39	(1)	185	273
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	110	34	287	0
Derivatives designated as cash flow hedges \| Foreign Exchange Contract \| Demand creation expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	1	2	1	2
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	0	0	(3)	0
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	7	7	67	112
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	44	18	121	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	0	0
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	$ (2)	$ (2)	$ (5)	$ (5)

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 9,351	$ 8,729	$ 9,040	$ 9,812
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	21	33	98	305
Reclassifications to net income of previously deferred (gains) losses, net of tax	(130)	(45)	(386)	(16)
Total other comprehensive income (loss), net of tax	(109)	(12)	(288)	289
Ending balance	9,045	8,961	9,045	8,961
Other comprehensive income, before reclassification, tax benefit (expense)	(1)	(1)	(8)	(5)
Reclassification from AOCI, current period, tax expense (benefit)	0	3	1	5
Gains (losses) on foreign currency translation adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(407)	(303)	(346)	(173)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	(43)	79	(104)	(51)
Reclassifications to net income of previously deferred (gains) losses, net of tax	1	0	1	0
Total other comprehensive income (loss), net of tax	(42)	79	(103)	(51)
Ending balance	(449)	(224)	(449)	(224)
Other comprehensive income, before reclassification, tax benefit (expense)	0	0	0	0
Reclassification from AOCI, current period, tax expense (benefit)	0	0	0	0
CASH FLOW HEDGES
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	401	451	520	17
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	63	(43)	200	351
Reclassifications to net income of previously deferred (gains) losses, net of tax	(131)	(48)	(387)	(8)
Total other comprehensive income (loss), net of tax	(68)	(91)	(187)	343
Ending balance	333	360	333	360
Other comprehensive income, before reclassification, tax benefit (expense)	(1)	(1)	(8)	(5)
Reclassification from AOCI, current period, tax expense (benefit)	0	3	1	5
Net Investment Hedges
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	115	115	115	115
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	0	0	0	0
Reclassifications to net income of previously deferred (gains) losses, net of tax	0	0	0	0
Total other comprehensive income (loss), net of tax	0	0	0	0
Ending balance	115	115	115	115
Other comprehensive income, before reclassification, tax benefit (expense)	0	0	0	0
Reclassification from AOCI, current period, tax expense (benefit)	0	0	0	0
OTHER
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(57)	(54)	(58)	(51)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	1	(3)	2	5
Reclassifications to net income of previously deferred (gains) losses, net of tax	0	3	0	(8)
Total other comprehensive income (loss), net of tax	1	0	2	(3)
Ending balance	(56)	(54)	(56)	(54)
Other comprehensive income, before reclassification, tax benefit (expense)	0	0	0	0
Reclassification from AOCI, current period, tax expense (benefit)	0	0	0	0
TOTAL
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	52	209	231	(92)
Other comprehensive income (loss):
Ending balance	$ (57)	$ 197	$ (57)	$ 197

Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Revenues	$ 10,104	$ 9,611	$ 31,090	$ 28,933
Cost of sales	(5,631)	(5,272)	(17,202)	(16,092)
Demand creation expense	(870)	(865)	(2,769)	(2,739)
Other (income) expense, net	(297)	55	(223)	50
Interest expense (income), net	(12)	(12)	(39)	(37)
Income before income taxes	881	1,291	3,691	3,558
Tax benefit (expense)	(34)	(190)	(362)	(518)
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	130	45	386	16
Gains (losses) on foreign currency translation adjustment \| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other (income) expense, net	(1)	0	(1)	0
Income before income taxes	(1)	0	(1)	0
Tax benefit (expense)	0	0	0	0
Gain (loss), net of tax	(1)	0	(1)	0
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	131	51	388	13
Tax benefit (expense)	0	(3)	(1)	(5)
Gain (loss), net of tax	131	48	387	8
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]
Revenues	(21)	1	(12)	9
Cost of sales	110	34	287	0
Demand creation expense	0	0	(3)	0
Other (income) expense, net	44	18	121	9
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)	(5)	(5)
OTHER \| AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other (income) expense, net	0	(3)	0	8
Income before income taxes	0	(3)	0	8
Tax benefit (expense)	0	0	0	0
Gain (loss), net of tax	$ 0	$ (3)	$ 0	$ 8

Revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Revenues (Details) - USD ($) $ in Millions	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 10,104	$ 9,611	$ 31,090	$ 28,933
Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	6,641	6,482	20,714	19,760
Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	3,447	3,095	10,281	9,051
Other
Disaggregation of Revenue [Line Items]
Revenues	16	34	95	122
Footwear
Disaggregation of Revenue [Line Items]
Revenues	6,832	6,527	20,471	18,945
Apparel
Disaggregation of Revenue [Line Items]
Revenues	2,925	2,734	9,389	8,798
Equipment
Disaggregation of Revenue [Line Items]
Revenues	331	316	1,135	1,068
Other
Disaggregation of Revenue [Line Items]
Revenues	16	34	95	122
Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	9,616	9,148	29,556	27,511
Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	6,311	6,174	19,731	18,830
Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	3,297	2,966	9,801	8,648
Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	8	8	24	33
Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	6,377	6,122	19,104	17,723
Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	2,905	2,707	9,313	8,705
Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	326	311	1,115	1,050
Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	8	8	24	33
Operating Segments \| Converse
Disaggregation of Revenue [Line Items]
Revenues	506	463	1,541	1,415
Operating Segments \| Converse \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	330	308	983	930
Operating Segments \| Converse \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	150	129	480	403
Operating Segments \| Converse \| Other
Disaggregation of Revenue [Line Items]
Revenues	26	26	78	82
Operating Segments \| Converse \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	455	405	1,367	1,222
Operating Segments \| Converse \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	20	27	76	93
Operating Segments \| Converse \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	5	5	20	18
Operating Segments \| Converse \| Other
Disaggregation of Revenue [Line Items]
Revenues	26	26	78	82
Global Brand Divisions
Disaggregation of Revenue [Line Items]
Revenues	8	8	24	33
Global Brand Divisions \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Global Brand Divisions \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Global Brand Divisions \| Other
Disaggregation of Revenue [Line Items]
Revenues	8	8	24	33
Global Brand Divisions \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Global Brand Divisions \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Global Brand Divisions \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Global Brand Divisions \| Other
Disaggregation of Revenue [Line Items]
Revenues	8	8	24	33
Corporate
Disaggregation of Revenue [Line Items]
Revenues	(18)	0	(7)	7
Corporate \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate \| Other
Disaggregation of Revenue [Line Items]
Revenues	(18)	0	(7)	7
Corporate \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate \| Other
Disaggregation of Revenue [Line Items]
Revenues	(18)	0	(7)	7
North America \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	3,979	3,810	12,254	11,737
North America \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	2,521	2,547	8,119	8,031
North America \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	1,458	1,263	4,135	3,706
North America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
North America \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	2,628	2,509	7,723	7,309
North America \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	1,228	1,173	4,076	3,985
North America \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	123	128	455	443
North America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	2,709	2,435	8,019	7,355
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	1,956	1,785	5,792	5,318
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	753	650	2,227	2,037
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	1,711	1,589	5,005	4,650
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	889	750	2,655	2,374
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	109	96	359	331
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Greater China \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	1,506	1,588	5,032	4,511
Greater China \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	881	936	2,895	2,704
Greater China \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	625	652	2,137	1,807
Greater China \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Greater China \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	1,075	1,115	3,486	3,095
Greater China \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	400	444	1,428	1,314
Greater China \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	31	29	118	102
Greater China \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	1,414	1,307	4,227	3,875
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	953	906	2,925	2,777
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	461	401	1,302	1,098
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	963	909	2,890	2,669
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	388	340	1,154	1,032
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	63	58	183	174
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Operating Segments - Information by Operating Segments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 10,104	$ 9,611	$ 31,090	$ 28,933
Interest expense (income), net	12	12	39	37
Income before income taxes	881	1,291	3,691	3,558
Global Brand Divisions
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	8	8	24	33
Corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	(18)	0	(7)	7
EARNINGS BEFORE INTEREST AND TAXES	(763)	(420)	(1,600)	(1,245)
NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	9,616	9,148	29,556	27,511
Converse \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	506	463	1,541	1,415
NIKE Brand \| Global Brand Divisions
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	8	8	24	33
EARNINGS BEFORE INTEREST AND TAXES	(895)	(788)	(2,624)	(2,432)
NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	9,616	9,148	29,556	27,511
Converse \| Converse \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	506	463	1,541	1,415
EARNINGS BEFORE INTEREST AND TAXES	96	79	324	221
North America \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	3,979	3,810	12,254	11,737
North America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	3,979	3,810	12,254	11,737
EARNINGS BEFORE INTEREST AND TAXES	937	916	2,912	2,877
Europe, Middle East & Africa \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,709	2,435	8,019	7,355
Europe, Middle East & Africa \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,709	2,435	8,019	7,355
EARNINGS BEFORE INTEREST AND TAXES	575	538	1,694	1,489
Greater China \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,506	1,588	5,032	4,511
Greater China \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,506	1,588	5,032	4,511
EARNINGS BEFORE INTEREST AND TAXES	556	639	1,919	1,702
Asia Pacific & Latin America \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,414	1,307	4,227	3,875
Asia Pacific & Latin America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,414	1,307	4,227	3,875
EARNINGS BEFORE INTEREST AND TAXES	$ 387	$ 339	$ 1,105	$ 983

Operating Segments - Accounts Receivable Net Inventories and Property Plant and Equipment Net by Operating Segments (Detail) - USD ($) $ in Millions	Feb. 29, 2020	May 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	$ 4,473	$ 4,272
Inventories	5,807	5,622
Property, plant and equipment, net	4,783	4,744
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	46	26
Inventories	76	122
Property, plant and equipment, net	1,870	1,673
Converse \| Converse \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	290	243
Inventories	280	269
Property, plant and equipment, net	84	100
NIKE Brand \| Global Brand Divisions
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	108	105
Inventories	198	126
Property, plant and equipment, net	800	665
NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	4,137	4,003
Inventories	5,451	5,231
Property, plant and equipment, net	2,829	2,971
North America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	1,747	1,718
Inventories	2,222	2,328
Property, plant and equipment, net	655	814
Europe, Middle East & Africa \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	1,297	1,164
Inventories	1,501	1,390
Property, plant and equipment, net	857	929
Greater China \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	398	245
Inventories	916	693
Property, plant and equipment, net	219	237
Asia Pacific & Latin America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	587	771
Inventories	614	694
Property, plant and equipment, net	$ 298	$ 326

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Feb. 29, 2020	Feb. 29, 2020
Leases [Abstract]
Operating lease cost	$ 137	$ 425
Variable lease cost	$ 83	$ 270

Leases - Maturities (Details) $ in Millions	Feb. 29, 2020 USD ($)
Leases [Abstract]
Remainder of Fiscal 2020	$ 139
Fiscal 2021	538
Fiscal 2022	478
Fiscal 2023	420
Fiscal 2024	381
Thereafter	1,672
Total undiscounted future cash flows related to lease payments	3,628
Less: Interest	448
Present value of lease liabilities	3,180
Minimum lease payments, agreements signed but not yet commenced	$ 292

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)	Feb. 29, 2020
Leases [Abstract]
Weighted-average remaining lease term (years)	8 years 7 months 6 days
Weighted-average discount rate	2.60%

Leases - Supplemental Cash Flows (Details) $ in Millions	9 Months Ended
Leases - Supplemental Cash Flows (Details) $ in Millions	Feb. 29, 2020 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 407
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities(1)	$ 368

Acquisitions And Divestitures (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Feb. 29, 2020	Feb. 29, 2020	May 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liabilities, held-for-sale	$ 158	$ 158	$ 0
Discontinued Operations, Held-for-sale \| Grupo Axo and SBF \| Brazil, Argentina, Chile and Uruguay \| NIKE Brand Businesses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets, held-for-sale	524	524
Inventories, held-for-sale	217	217
Accounts receivable, held-for-sale	210	210
Liabilities, held-for-sale	158	158
Accrued liabilities, held-for-sale	84	84
Accounts payable, held-for-sale	60	60
Other Income (Expense) \| Discontinued Operations, Held-for-sale \| Grupo Axo and SBF \| Brazil, Argentina, Chile and Uruguay \| NIKE Brand Businesses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-recurring impairment charge	$ 400	$ 400

Subsequent Events (Details) - Senior Notes - Subsequent Event	Mar. 27, 2020 USD ($)
Subsequent Event [Line Items]
Redemption price, percentage	100.00%
$1.0 Billion Senior Unsecured Notes Maturing March 27, 2025
Subsequent Event [Line Items]
Face amount	$ 1,000,000,000
Interest rate	2.40%
Redemption period prior to scheduled maturity	1 month
$1.0 Billion Senior Unsecured Notes Maturing March 27, 2027
Subsequent Event [Line Items]
Face amount	$ 1,000,000,000
Interest rate	2.75%
Redemption period prior to scheduled maturity	2 months
$1.5 Billion Senior Unsecured Notes Maturing March 27, 2030
Subsequent Event [Line Items]
Face amount	$ 1,500,000,000
Interest rate	2.85%
Redemption period prior to scheduled maturity	3 months
$1.0 Billion Senior Unsecured Notes Maturing March 27, 2040
Subsequent Event [Line Items]
Face amount	$ 1,000,000,000
Interest rate	3.25%
Redemption period prior to scheduled maturity	6 months
$1.5 Billion Senior Unsecured Notes Maturing March 27, 2050
Subsequent Event [Line Items]
Face amount	$ 1,500,000,000
Interest rate	3.38%
Redemption period prior to scheduled maturity	6 months
$6 Billion Senior Unsecured Notes With Various Maturities
Subsequent Event [Line Items]
Face amount	$ 6,000,000,000

Subsequent Events - Committed Credit Facility (Details) - USD ($)	Apr. 06, 2020	Apr. 07, 2020	Feb. 29, 2020	May 31, 2019
Line of Credit Facility [Line Items]
Borrowings outstanding			$ 9,000,000	$ 9,000,000
Committed Credit Facility, Maturing April 5, 2021 \| Subsequent Event \| Line of Credit
Line of Credit Facility [Line Items]
Borrowings outstanding		$ 0
Borrowing capacity	$ 2,000,000,000
Revolving credit facility, fee	0.20%
London Interbank Offered Rate (LIBOR) \| Committed Credit Facility, Maturing April 5, 2021 \| Subsequent Event \| Line of Credit
Line of Credit Facility [Line Items]
Basis spread on variable rate, above LIBOR	1.05%
Commercial paper
Line of Credit Facility [Line Items]
Borrowings outstanding			0	$ 0
Borrowing capacity			$ 2,000,000,000
Commercial paper \| Subsequent Event
Line of Credit Facility [Line Items]
Borrowings outstanding		$ 1,000,000,000
Interest rate		1.65%

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