Cover Page - shares	6 Months Ended
Cover Page - shares	Nov. 30, 2020	Dec. 28, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 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	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Convertible Common Stock
Document Information [Line Items]
Entity Common Stock Shares Outstanding (In Shares)		305,011,252
Class B Common Stock
Document Information [Line Items]
Entity Common Stock Shares Outstanding (In Shares)		1,271,478,759

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Income Statement [Abstract]
Revenues	$ 11,243	$ 10,326	$ 21,837	$ 20,986
Cost of sales	6,396	5,782	12,249	11,571
Gross profit	4,847	4,544	9,588	9,415
Demand creation expense	729	881	1,406	1,899
Operating overhead expense	2,538	2,443	4,836	4,753
Total selling and administrative expense	3,267	3,324	6,242	6,652
Interest expense (income), net	70	12	135	27
Other (income) expense, net	54	(41)	40	(74)
Income before income taxes	1,456	1,249	3,171	2,810
Income tax expense	205	134	402	328
NET INCOME	$ 1,251	$ 1,115	$ 2,769	$ 2,482
Earnings per common share:
Basic (in dollars per share)	$ 0.80	$ 0.71	$ 1.77	$ 1.59
Diluted (in dollars per share)	$ 0.78	$ 0.70	$ 1.73	$ 1.56
Weighted average common shares outstanding:
Basic (in shares)	1,573.0	1,560.6	1,567.4	1,561.5
Diluted (in shares)	1,609.5	1,594.4	1,601.9	1,596.0

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 1,251	$ 1,115	$ 2,769	$ 2,482
Other comprehensive income (loss), net of tax:
Change in net foreign currency translation adjustment	78	28	396	(61)
Change in net gains (losses) on cash flow hedges	(103)	(155)	(761)	(119)
Change in net gains (losses) on other	(3)	(1)	(8)	1
Total other comprehensive income (loss), net of tax	(28)	(128)	(373)	(179)
TOTAL COMPREHENSIVE INCOME	$ 1,223	$ 987	$ 2,396	$ 2,303

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 ($) shares in Millions, $ in Millions	Nov. 30, 2020	May 31, 2020
Current assets:
Cash and equivalents	$ 8,635	$ 8,348
Short-term investments	3,177	439
Accounts receivable, net	3,713	2,749
Inventories	6,090	7,367
Prepaid expenses and other current assets	1,992	1,653
Total current assets	23,607	20,556
Property, plant and equipment, net	4,959	4,866
Operating lease right-of-use assets, net	3,086	3,097
Identifiable intangible assets, net	270	274
Goodwill	223	223
Deferred income taxes and other assets	2,691	2,326
TOTAL ASSETS	34,836	31,342
Current liabilities:
Current portion of long-term debt	0	3
Notes payable	41	248
Accounts payable	2,154	2,248
Current portion of operating lease liabilities	458	445
Accrued liabilities	6,030	5,184
Income taxes payable	188	156
Total current liabilities	8,871	8,284
Long-term debt	9,410	9,406
Operating lease liabilities	2,896	2,913
Deferred income taxes and other liabilities	3,019	2,684
Redeemable preferred stock	0	0
Shareholders' equity:
Capital in excess of stated value	9,336	8,299
Accumulated other comprehensive income (loss)	(429)	(56)
Retained earnings (deficit)	1,730	(191)
Total shareholders' equity	10,640	8,055
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	34,836	31,342
Class A Convertible Common Stock
Shareholders' equity:
Common stock at stated value	$ 0	$ 0
Common Stock, shares outstanding (in shares)	305	315
Class B Common Stock
Shareholders' equity:
Common stock at stated value	$ 3	$ 3
Common Stock, shares outstanding (in shares)	1,270	1,243

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Millions	Nov. 30, 2020	May 31, 2020
Class A Convertible Common Stock
Common Stock, shares outstanding (in shares)	305	315
Class B Common Stock
Common Stock, shares outstanding (in shares)	1,270	1,243

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Cash provided (used) by operations:
Net income	$ 2,769	$ 2,482
Adjustments to reconcile net income to net cash provided (used) by operations:
Depreciation	361	343
Deferred income taxes	(177)	(134)
Stock-based compensation	325	190
Amortization, impairment and other	103	19
Net foreign currency adjustments	(98)	6
Changes in certain working capital components and other assets and liabilities:
(Increase) decrease in accounts receivable	(921)	(568)
(Increase) decrease in inventories	1,321	(608)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	(163)	(67)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	(165)	(357)
Cash provided (used) by operations	3,355	1,306
Cash provided (used) by investing activities:
Purchases of short-term investments	(4,505)	(1,157)
Maturities of short-term investments	802	19
Sales of short-term investments	914	981
Additions to property, plant and equipment	(344)	(522)
Other investing activities	256	(109)
Cash provided (used) by investing activities	(2,877)	(788)
Cash provided (used) by financing activities:
Increase (decrease) in notes payable	(37)	291
Repayment of borrowings	(173)	(3)
Proceeds from exercise of stock options and other stock issuances	781	483
Repurchase of common stock	0	(1,921)
Dividends — common and preferred	(769)	(689)
Other financing activities	(94)	(29)
Cash provided (used) by financing activities	(292)	(1,868)
Effect of exchange rate changes on cash and equivalents	101	(46)
Net increase (decrease) in cash and equivalents	287	(1,396)
Cash and equivalents, beginning of period	8,348	4,466
CASH AND EQUIVALENTS, END OF PERIOD	8,635	3,070
Supplemental disclosure of cash flow information:
Non-cash additions to property, plant and equipment	118	86
Dividends declared and not paid	$ 435	$ 384

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 (DEFICIT)	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, 2019						315		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)								11
Stock options exercised	381	381
Repurchase of Class B Common Stock (in shares)								(22)
Repurchase of Class B Common Stock	(1,917)	(102)		(1,815)
Dividends on common stock and preferred stock	(727)			(727)
Issuance Of Shares To Employees Shares Net Of Shares Withheld For Taxes								2
Issuance of shares to employees, net of shares withheld for employee taxes	82	87		(5)
Stock-based compensation	190	190
Net income	2,482			2,482
Other comprehensive income (loss)	(179)		(179)
Ending Balance (in shares) at Nov. 30, 2019						315		1,244
Ending balance at Nov. 30, 2019	9,351	7,719	52	1,577		$ 0		$ 3
Beginning Balance (in shares) at Aug. 31, 2019						315		1,245
Beginning balance at Aug. 31, 2019	9,200	7,296	180	1,721		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								7
Stock options exercised	265	265
Repurchase of Class B Common Stock (in shares)								(10)
Repurchase of Class B Common Stock	(922)	(47)		(875)
Dividends on common stock and preferred stock	(383)			(383)
Issuance Of Shares To Employees Shares Net Of Shares Withheld For Taxes								2
Issuance of shares to employees, net of shares withheld for employee taxes	94	95		(1)
Stock-based compensation	110	110
Net income	1,115			1,115
Other comprehensive income (loss)	(128)		(128)
Ending Balance (in shares) at Nov. 30, 2019						315		1,244
Ending balance at Nov. 30, 2019	9,351	7,719	52	1,577		$ 0		$ 3
Beginning Balance (in shares) at May. 31, 2020					315	315	1,243	1,243
Beginning balance at May. 31, 2020	8,055	8,299	(56)	(191)		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								15
Stock options exercised	657	657
Conversion to Class B Common Stock (in shares)						(10)		10
Conversion to Class B Common Stock	0
Dividends on common stock and preferred stock	(820)			(820)
Issuance Of Shares To Employees Shares Net Of Shares Withheld For Taxes								2
Issuance of shares to employees, net of shares withheld for employee taxes	27	55		(28)
Stock-based compensation	325	325
Net income	2,769			2,769
Other comprehensive income (loss)	(373)		(373)
Ending Balance (in shares) at Nov. 30, 2020					305	305	1,270	1,270
Ending balance at Nov. 30, 2020	10,640	9,336	(429)	1,730		$ 0		$ 3
Beginning Balance (in shares) at Aug. 31, 2020						315		1,250
Beginning balance at Aug. 31, 2020	9,224	8,695	(401)	927		$ 0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock options exercised (in shares)								8
Stock options exercised	366	366
Conversion to Class B Common Stock (in shares)						(10)		10
Conversion to Class B Common Stock	0
Dividends on common stock and preferred stock	(437)			(437)
Issuance Of Shares To Employees Shares Net Of Shares Withheld For Taxes								2
Issuance of shares to employees, net of shares withheld for employee taxes	75	86		(11)
Stock-based compensation	189	189
Net income	1,251			1,251
Other comprehensive income (loss)	(28)		(28)
Ending Balance (in shares) at Nov. 30, 2020					305	305	1,270	1,270
Ending balance at Nov. 30, 2020	$ 10,640	$ 9,336	$ (429)	$ 1,730		$ 0		$ 3

Unaudited Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.275	$ 0.245	$ 0.520	$ 0.465
Dividends declared per preferred share (in dollars per share)			$ 0.10	$ 0.10

Summary of Significant Accounting Policies

6 Months Ended

Nov. 30, 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, 2020 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 six months ended November 30, 2020 are not necessarily indicative of results to be expected for the entire fiscal year.

As previously disclosed in the Annual Report on Form 10-K for the fiscal year ended May 31, 2020, the extent to which the evolving COVID-19 pandemic impacts the Company's financial statements will depend on a number of factors, including the magnitude and duration of the pandemic. There remains risk that COVID-19 could have material adverse impacts on future revenue growth as well as overall profitability and may lead to higher than normal inventory levels in various markets, revised payment terms with certain wholesale customers, higher sales-related reserves and a volatile effective tax rate driven by changes in the mix of earnings across the Company's jurisdictions.

Inventories

6 Months Ended

Nov. 30, 2020

Inventory Disclosure [Abstract]

Inventories


NOTE 2 — INVENTORIES

Inventory balances of $6,090 million and $7,367 million at November 30, 2020 and May 31, 2020, respectively, were substantially all finished goods.

Accrued Liabilities

6 Months Ended

Nov. 30, 2020

Accrued Liabilities, Current [Abstract]

Accrued Liabilities


NOTE 3 — ACCRUED LIABILITIES

Accrued liabilities included the following:


	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
Compensation and benefits, excluding taxes	$	1,157	$	1,248
Sales-related reserves	1,126		1,178
Fair value of derivatives	485		190
Allowance for expected loss on sale(1)	438		405
Other	2,824		2,163
TOTAL ACCRUED LIABILITIES	$	6,030	$	5,184

(1)Refer to Note 13 — Acquisitions and Divestitures for additional information.

Fair Value Measurements

6 Months Ended

Nov. 30, 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, 2020.

The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of November 30, 2020 and May 31, 2020, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:


	NOVEMBER 30, 2020
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	886	$	886	$	—
Level 1:
U.S. Treasury securities	3,136		—		3,136
Level 2:
Commercial paper and bonds	39		—		39
Money market funds	6,767		6,767		—
Time deposits	983		982		1
U.S. Agency securities	1		—		1
Total Level 2	7,790		7,749		41
TOTAL	$	11,812	$	8,635	$	3,177


	MAY 31, 2020
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	596	$	596	$	—
Level 1:
U.S. Treasury securities	1,204		800		404
Level 2:
Commercial paper and bonds	32		—		32
Money market funds	5,973		5,973		—
Time deposits	981		979		2
U.S. Agency securities	1		—		1
Total Level 2	6,987		6,952		35
TOTAL	$	8,787	$	8,348	$	439

As of November 30, 2020, the Company held $3,131 million of available-for-sale debt securities with maturity dates within one year and $46 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 $6 million and $14 million for the three months ended November 30, 2020 and 2019, respectively, and $13 million and $35 million for the six months ended November 30, 2020 and 2019, respectively.

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


	NOVEMBER 30, 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)	$	30	$	27	$	3	$	579	$	480	$	99
Embedded derivatives	—		—		—		5		5		—
TOTAL	$	30	$	27	$	3	$	584	$	485	$	99

(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 $30 million as of November 30, 2020. As of that date, the Company had posted $170 million of cash collateral to various counterparties related to foreign exchange derivative instruments. No amount of collateral was received on the Company's derivative asset balance as of November 30, 2020.


	MAY 31, 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)	$	94	$	91	$	3	$	205	$	188	$	17
Embedded derivatives	1		1		—		2		2		—
TOTAL	$	95	$	92	$	3	$	207	$	190	$	17

(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 $76 million as of May 31, 2020. As of that date, no amount of cash collateral had been received or posted on the derivative asset and liability balances related to these foreign exchange derivative instruments.

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 $11,044 million at November 30, 2020 and $10,645 million at May 31, 2020.

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

- Definition

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

+ References + Details

Short-Term Borrowings and Credit Lines

6 Months Ended

Nov. 30, 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 November 30, 2020 and May 31, 2020, the Company had $23 million and $248 million of borrowings outstanding at a weighted average interest rate of 1.76% and 1.65%, respectively, under its $4 billion commercial paper program. Commercial paper repayments with original maturities greater than three months are included in Repayment of borrowings on the Unaudited Condensed Consolidated Statements of Cash Flows.

As of November 30, 2020, there have been no significant changes to the credit lines reported in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2020.

Income Taxes

6 Months Ended

Nov. 30, 2020

Income Tax Disclosure [Abstract]

Income Taxes


NOTE 6 — INCOME TAXES

The effective tax rate was 12.7% and 11.7% for the six months ended November 30, 2020 and 2019, respectively. The increase in the Company's effective tax rate was primarily due to changes in the proportion of earnings taxed in the U.S. and the recognition of a reserve in the first quarter of fiscal 2021 related to Altera Corp. v. Commissioner, where the taxpayer was denied a hearing before the U.S. Supreme Court on June 22, 2020, thereby ratifying the Ninth Circuit Court's decision and requiring the inclusion of stock-based compensation in intercompany cost-sharing arrangements. The increase in the Company's effective tax rate was partially offset by discrete items which included a more favorable impact from stock-based compensation.

As of November 30, 2020, total gross unrecognized tax benefits, excluding related interest and penalties, were $872 million, $587 million of which would affect the Company's effective tax rate if recognized in future periods. During the six months ended November 30, 2020, the Company recognized $77 million of gross unrecognized tax benefits related to Altera Corp. v. Commissioner discussed above, of which $71 million impacted the effective tax rate. 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, 2020, total gross unrecognized tax benefits, excluding related interest and penalties, were $771 million. The liability for payment of interest and penalties increased by $33 million during the six months ended November 30, 2020. As of November 30, 2020 and May 31, 2020, accrued interest and penalties related to uncertain tax positions were $191 million and $158 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 $60 million within the next 12 months. In January 2019, the European Commission opened a formal investigation to examine whether the Netherlands has breached State Aid rules when granting certain tax rulings to the Company. The Company believes the investigation is without merit. If this matter is adversely resolved, the Netherlands may be required to assess additional amounts with respect to current and prior periods, and the Company's Netherlands income taxes in the future could increase.

Stock-Based Compensation

6 Months Ended

Nov. 30, 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 798 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, 2020 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 NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		2019
Stock options(1)	$	107	$	64	$	177	$	106
ESPPs	17		11		35		24
Restricted stock	65		35		113		60
TOTAL STOCK-BASED COMPENSATION EXPENSE	$	189	$	110	$	325	$	190

(1)Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is primarily recorded for employees meeting certain retirement eligibility requirements and certain employees impacted by the Company's organizational realignment. For more information see Note 14 — Restructuring.

The income tax benefit related to stock-based compensation expense was $108 million and $77 million for the three months ended November 30, 2020 and 2019, respectively, and $189 million and $114 million for the six months ended November 30, 2020 and 2019, respectively.

STOCK OPTIONS

The weighted average fair value per share of the options granted during the six months ended November 30, 2020 and 2019, computed as of the grant date using the Black-Scholes pricing model, was $26.75 and $18.46, respectively. The weighted average assumptions used to estimate these fair values were as follows:


	SIX MONTHS ENDED NOVEMBER 30,
	2020		2019
Dividend yield	0.9	%	1.0	%
Expected volatility	27.3	%	23.0	%
Weighted average expected life (in years)	6.0		6.0
Risk-free interest rate	0.4	%	1.5	%

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 November 30, 2020, the Company had $589 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 six months ended November 30, 2020 and 2019, computed as of the grant date, was $109.36 and $84.85, respectively. As of November 30, 2020, the Company had $513 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

6 Months Ended

Nov. 30, 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, and restricted stock to purchase an additional 12.6 million and 34.2 million shares of common stock outstanding for the three months ended November 30, 2020 and 2019, respectively, and 13.5 million and 34.2 million shares of common stock outstanding for the six months ended November 30, 2020 and 2019, respectively, because the options were anti-dilutive.


	THREE MONTHS ENDED NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(In millions, except per share data)	2020		2019		2020		2019
Net income available to common stockholders	$	1,251	$	1,115	$	2,769	$	2,482
Determination of shares:
Weighted average common shares outstanding	1,573.0		1,560.6		1,567.4		1,561.5
Assumed conversion of dilutive stock options and awards	36.5		33.8		34.5		34.5
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,609.5		1,594.4		1,601.9		1,596.0
Earnings per common share:
Basic	$	0.80	$	0.71	$	1.77	$	1.59
Diluted	$	0.78	$	0.70	$	1.73	$	1.56

Risk Management and Derivatives

6 Months Ended

Nov. 30, 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 six months ended November 30, 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, 2020.

The majority of derivatives outstanding as of November 30, 2020 are designated as foreign currency cash flow hedges, primarily for Euro/U.S. Dollar, Chinese Yuan/U.S. Dollar, Japanese Yen/U.S. Dollar and British Pound/Euro, 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:


	DERIVATIVE ASSETS
	BALANCE SHEET LOCATION	NOVEMBER 30,		MAY 31,
(Dollars in millions)		2020		2020
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	11	$	43
Foreign exchange forwards and options	Deferred income taxes and other assets	2		1
Total derivatives formally designated as hedging instruments		13		44
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	16		48
Embedded derivatives	Prepaid expenses and other current assets	—		1
Foreign exchange forwards and options	Deferred income taxes and other assets	1		2

Total derivatives not designated as hedging instruments		17		51
TOTAL DERIVATIVE ASSETS		$	30	$	95

	DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	NOVEMBER 30,		MAY 31,
(Dollars in millions)		2020		2020
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	$	462	$	173
Foreign exchange forwards and options	Deferred income taxes and other liabilities	99		17
Total derivatives formally designated as hedging instruments		561		190
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	18		15
Embedded derivatives	Accrued liabilities	5		2


Total derivatives not designated as hedging instruments		23		17
TOTAL DERIVATIVE LIABILITIES		$	584	$	207

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:


	THREE MONTHS ENDED NOVEMBER 30,
	2020				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	$	11,243	$	26	$	10,326	$	1
Cost of sales	6,396		31		5,782		102
Demand creation expense	729		—		881		(3)
Other (income) expense, net	54		(13)		(41)		31
Interest expense (income), net	70		(1)		12		(1)


	SIX MONTHS ENDED NOVEMBER 30,
	2020				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	$	21,837	$	40	$	20,986	$	9
Cost of sales	12,249		145		11,571		177
Demand creation expense	1,406		1		1,899		(3)
Other (income) expense, net	40		(5)		(74)		77
Interest expense (income), net	135		(3)		27		(3)

The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income:


(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 NOVEMBER 30,				LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	THREE MONTHS ENDED NOVEMBER 30,
	2020		2019			2020		2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	6	$	(83)	Revenues	$	26	$	1
Foreign exchange forwards and options	(69)		37		Cost of sales	31		102
Foreign exchange forwards and options	2		—		Demand creation expense	—		(3)
Foreign exchange forwards and options	1		27		Other (income) expense, net	(13)		31
Interest rate swaps(2)	—		—		Interest expense (income), net	(1)		(1)
Total designated cash flow hedges	$	(60)	$	(19)		$	43	$	130

(1)For the three months ended November 30, 2020 and 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)
	SIX MONTHS ENDED NOVEMBER 30,				LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	SIX MONTHS ENDED NOVEMBER 30,
	2020		2019			2020		2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	6	$	(62)	Revenues	$	40	$	9
Foreign exchange forwards and options	(440)		146		Cost of sales	145		177
Foreign exchange forwards and options	3		—		Demand creation expense	1		(3)
Foreign exchange forwards and options	(159)		60		Other (income) expense, net	(5)		77
Interest rate swaps(2)	—		—		Interest expense (income), net	(3)		(3)
Total designated cash flow hedges	$	(590)	$	144		$	178	$	257

(1)For the six months ended November 30, 2020 and 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 NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		2019


Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	(49)	$	(21)	$	(87)	$	(21)	Other (income) expense, net
Embedded derivatives	(9)		(4)		(13)		(5)		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 rare circumstances, the additional period of time may exceed two months due to extenuating circumstances related to the nature of the forecasted transaction that are outside the control or influence of the Company. 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 $13.9 billion as of November 30, 2020. Approximately $233 million of deferred net losses (net of tax) on both outstanding and matured derivatives in Accumulated other comprehensive income (loss) as of November 30, 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 November 30, 2020, the maximum term over which the Company hedges exposures to the variability of cash flows for its forecasted transactions was 24 months.

UNDESIGNATED DERIVATIVE INSTRUMENTS

The Company may elect to enter into foreign exchange forwards to mitigate the change in fair value of specific assets and liabilities on the Unaudited Condensed Consolidated Balance Sheets and/or the embedded derivative contracts. These undesignated instruments are recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in Other (income) expense, net, together with the re-measurement gain or loss from the hedged balance sheet position and/or embedded derivative contract. The total notional amount of outstanding undesignated derivative instruments was $4.4 billion as of November 30, 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.

As of November 30, 2020, the total notional amount of embedded derivatives outstanding was approximately $410 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 November 30, 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 $549 million. Accordingly, the Company was required to post $170 million of cash collateral as a result of these contingent features. Further, no amount of collateral was received on the Company's derivative asset balance as of November 30, 2020. 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)

6 Months Ended

Nov. 30, 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 August 31, 2020	$	(176)	$	(268)	$	115	$	(72)	$	(401)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)	79		(64)		—		(2)		13
Reclassifications to net income of previously deferred (gains) losses(3)	(1)		(39)		—		(1)		(41)
Total other comprehensive income (loss)	78		(103)		—		(3)		(28)
Balance at November 30, 2020	$	(98)	$	(371)	$	115	$	(75)	$	(429)

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

(2)Net of tax benefit (expense) of $0 million, $(4) million, $0 million, $0 million and $(4) million, respectively.

(3)Net of tax (benefit) expense of $0 million, $4 million, $0 million, $0 million and $4 million, respectively.


(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)		CASH FLOW HEDGES		NET INVESTMENT HEDGES(1)		OTHER		TOTAL
Balance at August 31, 2019	$	(435)	$	556	$	115	$	(56)	$	180
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)	28		(26)		—		(2)		—
Reclassifications to net income of previously deferred (gains) losses(3)	—		(129)		—		1		(128)
Total other comprehensive income (loss)	28		(155)		—		(1)		(128)
Balance at November 30, 2019	$	(407)	$	401	$	115	$	(57)	$	52

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

(2)Net of tax benefit (expense) of $0 million, $(7) million, $0 million, $0 million and $(7) million, respectively.

(3)Net of tax (benefit) 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 May 31, 2020	$	(494)	$	390	$	115	$	(67)	$	(56)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)	397		(590)		—		(15)		(208)
Reclassifications to net income of previously deferred (gains) losses(3)	(1)		(171)		—		7		(165)
Total other comprehensive income (loss)	396		(761)		—		(8)		(373)
Balance at November 30, 2020	$	(98)	$	(371)	$	115	$	(75)	$	(429)

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

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

(3)Net of tax (benefit) expense of $0 million, $7 million, $0 million, $0 million and $7 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)	(61)		137		—		1		77
Reclassifications to net income of previously deferred (gains) losses(3)	—		(256)		—		—		(256)
Total other comprehensive income (loss)	(61)		(119)		—		1		(179)
Balance at November 30, 2019	$	(407)	$	401	$	115	$	(57)	$	52

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

(2)Net of tax benefit (expense) of $0 million, $(7) million, $0 million, $0 million and $(7) million, respectively.

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

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


	AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME								LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
	THREE MONTHS ENDED NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		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	$	26	$	1	$	40	$	9	Revenues
Foreign exchange forwards and options	31		102		145		177		Cost of sales
Foreign exchange forwards and options	—		(3)		1		(3)		Demand creation expense
Foreign exchange forwards and options	(13)		31		(5)		77		Other (income) expense, net
Interest rate swaps	(1)		(1)		(3)		(3)		Interest expense (income), net
Total before tax	43		130		178		257
Tax (expense)	(4)		(1)		(7)		(1)
Gain (loss) net of tax	39		129		171		256
Gains (losses) on other	1		(1)		(7)		—		Other (income) expense, net
Total before tax	1		(1)		(7)		—
Tax (expense)	—		—		—		—
Gain (loss) net of tax	1		(1)		(7)		—
Total net gain (loss) reclassified for the period	$	41	$	128	$	165	$	256

Revenues

6 Months Ended

Nov. 30, 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 NOVEMBER 30, 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	$	2,512	$	1,731	$	1,567	$	991	$	—	$	6,801	$	416	$	—	$	7,217
Apparel	1,368		1,104		681		432		—		3,585		32		—		3,617
Equipment	126		123		50		48		—		347		7		—		354
Other	—		—		—		—		8		8		21		26		55
TOTAL REVENUES	$	4,006	$	2,958	$	2,298	$	1,471	$	8	$	10,741	$	476	$	26	$	11,243
Revenues by:
Sales to Wholesale Customers	$	2,354	$	1,985	$	1,159	$	925	$	—	$	6,423	$	259	$	—	$	6,682
Sales through Direct to Consumer	1,652		973		1,139		546		—		4,310		196		—		4,506
Other	—		—		—		—		8		8		21		26		55
TOTAL REVENUES	$	4,006	$	2,958	$	2,298	$	1,471	$	8	$	10,741	$	476	$	26	$	11,243


	THREE MONTHS ENDED NOVEMBER 30, 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	$	2,426	$	1,536	$	1,247	$	997	$	—	$	6,206	$	416	$	—	$	6,622
Apparel	1,417		897		563		410		—		3,287		30		—		3,317
Equipment	139		104		37		61		—		341		6		—		347
Other	—		—		—		—		10		10		28		2		40
TOTAL REVENUES	$	3,982	$	2,537	$	1,847	$	1,468	$	10	$	9,844	$	480	$	2	$	10,326
Revenues by:
Sales to Wholesale Customers	$	2,734	$	1,794	$	1,028	$	1,022	$	—	$	6,578	$	286	$	—	$	6,864
Sales through Direct to Consumer	1,248		743		819		446		—		3,256		166		—		3,422
Other	—		—		—		—		10		10		28		2		40
TOTAL REVENUES	$	3,982	$	2,537	$	1,847	$	1,468	$	10	$	9,844	$	480	$	2	$	10,326


	SIX MONTHS ENDED NOVEMBER 30, 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	$	5,469	$	3,533	$	2,818	$	1,749	$	—	$	13,569	$	929	$	—	$	14,498
Apparel	2,493		2,075		1,159		733		—		6,460		54		—		6,514
Equipment	269		260		101		88		—		718		16		—		734
Other	—		—		—		—		12		12		40		39		91
TOTAL REVENUES	$	8,231	$	5,868	$	4,078	$	2,570	$	12	$	20,759	$	1,039	$	39	$	21,837
Revenues by:
Sales to Wholesale Customers	$	5,073	$	3,958	$	2,123	$	1,633	$	—	$	12,787	$	632	$	—	$	13,419
Sales through Direct to Consumer	3,158		1,910		1,955		937		—		7,960		367		—		8,327
Other	—		—		—		—		12		12		40		39		91
TOTAL REVENUES	$	8,231	$	5,868	$	4,078	$	2,570	$	12	$	20,759	$	1,039	$	39	$	21,837


	SIX MONTHS ENDED NOVEMBER 30, 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	$	5,095	$	3,294	$	2,411	$	1,927	$	—	$	12,727	$	912	$	—	$	13,639
Apparel	2,848		1,766		1,028		766		—		6,408		56		—		6,464
Equipment	332		250		87		120		—		789		15		—		804
Other	—		—		—		—		16		16		52		11		79
TOTAL REVENUES	$	8,275	$	5,310	$	3,526	$	2,813	$	16	$	19,940	$	1,035	$	11	$	20,986
Revenues by:
Sales to Wholesale Customers	$	5,598	$	3,836	$	2,014	$	1,972	$	—	$	13,420	$	653	$	—	$	14,073
Sales through Direct to Consumer	2,677		1,474		1,512		841		—		6,504		330		—		6,834
Other	—		—		—		—		16		16		52		11		79
TOTAL REVENUES	$	8,275	$	5,310	$	3,526	$	2,813	$	16	$	19,940	$	1,035	$	11	$	20,986

For the three and six months ended November 30, 2020 and 2019, Global Brand Divisions revenues include NIKE Brand licensing revenues as well as other miscellaneous revenues that are not part of a geographic operating segment. Converse Other revenues were primarily attributable to licensing businesses. Corporate Other revenues primarily consisted of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse but managed through the Company's central foreign exchange risk management program.

As of November 30, 2020 and May 31, 2020, 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

6 Months Ended

Nov. 30, 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.

The Company's NIKE Direct operations are managed within each NIKE Brand geographic operating segment. Converse is also a reportable segment for the Company, and operates in one industry: the design, marketing, licensing and selling of athletic lifestyle sneakers, apparel and accessories.

Global Brand Divisions is included within the NIKE Brand for presentation purposes to align with the way management views the Company. Global Brand Divisions revenues represent NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Global Brand Divisions costs represent demand creation and operating overhead expense that include product creation and design expenses centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology.

Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.

The primary financial measure used by the Company to evaluate performance of individual operating segments is earnings before interest and taxes (EBIT), which represents Net income before Interest expense (income), net and Income 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 NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		2019
REVENUES
North America	$	4,006	$	3,982	$	8,231	$	8,275
Europe, Middle East & Africa	2,958		2,537		5,868		5,310
Greater China	2,298		1,847		4,078		3,526
Asia Pacific & Latin America	1,471		1,468		2,570		2,813
Global Brand Divisions	8		10		12		16
Total NIKE Brand	10,741		9,844		20,759		19,940
Converse	476		480		1,039		1,035
Corporate	26		2		39		11
TOTAL NIKE, INC. REVENUES	$	11,243	$	10,326	$	21,837	$	20,986
EARNINGS BEFORE INTEREST AND TAXES
North America	$	1,023	$	875	$	2,325	$	1,975
Europe, Middle East & Africa	660		510		1,352		1,119
Greater China	891		694		1,579		1,363
Asia Pacific & Latin America	424		377		704		718
Global Brand Divisions	(841)		(872)		(1,694)		(1,729)
Converse	87		90		255		228
Corporate	(718)		(413)		(1,215)		(837)
Interest expense (income), net	70		12		135		27
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	1,456	$	1,249	$	3,171	$	2,810


	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
ACCOUNTS RECEIVABLE, NET
North America	$	1,236	$	1,020
Europe, Middle East & Africa	1,350		712
Greater China	250		321
Asia Pacific & Latin America(1)	591		425
Global Brand Divisions	96		65
Total NIKE Brand	3,523		2,543
Converse	153		149
Corporate	37		57
TOTAL ACCOUNTS RECEIVABLE, NET	$	3,713	$	2,749
INVENTORIES
North America	$	2,401	$	3,077
Europe, Middle East & Africa	1,589		2,070
Greater China	1,137		882
Asia Pacific & Latin America(1)	620		770
Global Brand Divisions	131		137
Total NIKE Brand	5,878		6,936
Converse	315		341
Corporate	(103)		90
TOTAL INVENTORIES	$	6,090	$	7,367


	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	632	$	645
Europe, Middle East & Africa	934		885
Greater China	246		214
Asia Pacific & Latin America(1)	312		296
Global Brand Divisions	866		830
Total NIKE Brand	2,990		2,870
Converse	72		80
Corporate	1,897		1,916
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,959	$	4,866

(1)Excludes assets held-for-sale as of November 30, 2020 and May 31, 2020. See Note 13 — Acquisitions and Divestitures for additional information.

Acquisitions And Divestitures

6 Months Ended

Nov. 30, 2020

Business Combinations [Abstract]

Acquisitions And Divestitures


NOTE 13 — ACQUISITIONS AND 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.

As a result of this decision, beginning in the third quarter of fiscal 2020, the related assets and liabilities of these entities were classified as held-for-sale within Prepaid expenses and other current assets and Accrued liabilities, respectively, and remain as such on the Unaudited Condensed Consolidated Balance Sheets as of November 30, 2020.

BRAZIL

On November 30, 2020, the Company received cash proceeds from Grupo SBF S.A., which were reflected within Other investing activities on the Unaudited Condensed Consolidated Statements of Cash Flows, and recognized a $47 million loss within Other (income) expense, net, classified within Corporate, on the Unaudited Condensed Consolidated Statements of Income. The transaction closed on December 1, 2020, subsequent to the end of the second quarter of fiscal 2021.

As of November 30, 2020, held-for-sale assets and liabilities consisted of the following:

•Held-for-sale assets of $242 million, primarily consisting of $174 million of Accounts receivable, net; and

•Held-for-sale liabilities of $59 million, primarily consisting of $30 million of Accrued liabilities.

As of May 31, 2020, held-for-sale assets and liabilities consisted of the following:

•Held-for-sale assets of $272 million, primarily consisting of $142 million of Inventories and $101 million of Accounts receivable, net; and

•Held-for-sale liabilities of $91 million, primarily consisting of $51 million of Accrued liabilities.

ARGENTINA, CHILE AND URUGUAY

Subsequent to the end of the second quarter of fiscal 2021, the Company and Grupo Axo mutually agreed to terminate the sale and purchase agreement for the transition of NIKE’s businesses in Argentina, Chile and Uruguay to a distributor partnership. However, as the Company remains committed to selling its NIKE Brand businesses in all three countries to third-party distributors, the assets and liabilities of the entities will remain classified as held-for-sale on the Unaudited Condensed Consolidated Balance Sheets.

As of November 30, 2020, held-for-sale assets and liabilities consisted of the following:

•Held-for-sale assets of $257 million, primarily consisting of $119 million of Inventories and $80 million of Accounts receivable, net; and

•Held-for-sale liabilities of $26 million, primarily consisting of Accrued liabilities.

As of May 31, 2020, held-for-sale assets and liabilities consisted of the following:

•Held-for-sale assets of $234 million, primarily consisting of $122 million of Inventories and $50 million of Prepaid expenses and other current assets; and

•Held-for-sale liabilities of $55 million, primarily consisting of $34 million of Accrued liabilities.

As of November 30, 2020, the Company recognized total expected losses related to the Argentina, Chile and Uruguay transaction of $438 million within Other (income) expense, net, classified within Corporate, and a corresponding allowance within Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets; $405 million of which was recognized in fiscal 2020, primarily upon meeting the held-for-sale criteria. The expected loss is largely due to the anticipated release of the cumulative foreign currency translation losses recognized by the Argentina, Chile and Uruguay legal entities.

Restructuring

6 Months Ended

Nov. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring


NOTE 14 —RESTRUCTURING

During the first quarter of fiscal 2021, the Company announced a new digitally empowered phase of its Consumer Direct Offense strategy: Consumer Direct Acceleration. As a result, management announced a series of leadership and operating model changes to streamline and speed up strategic execution for the Company. These changes will result in a net reduction of the Company's global workforce and the Company expects to incur pre-tax charges of approximately $315 million, the majority of which relate to employee termination costs and, to a lesser extent, stock-based compensation expense. These amounts reflect the continued evaluation and variability of the Company's original estimate of employee termination costs and required changes in assumptions used to calculate stock-based compensation expense. The related cash expenditures will primarily take place throughout fiscal 2021 and all related actions are expected to be substantially complete by the end of fiscal 2021.

During the three months ended November 30, 2020, the Company recognized employee termination costs of $107 million and $30 million within Operating overhead expense and Cost of sales, respectively, on the Unaudited Condensed Consolidated Statements of Income. During the six months ended November 30, 2020, the Company recognized employee termination costs of $145 million and $30 million within Operating overhead expense and Cost of sales, respectively. These costs were classified within Corporate.

The activity was recognized within Accrued liabilities as follows:


(Dollars in millions)
Balance at August 31, 2020	$	34
Employee termination costs	137
Cash payments	(67)
Balance at November 30, 2020	$	104


(Dollars in millions)
Balance at May 31, 2020	$	—
Employee termination costs	175
Cash payments	(71)
Balance at November 30, 2020	$	104

Additionally, the related stock-based compensation expense recorded within Operating overhead expense and Costs of sales was $30 million and $4 million, respectively, for the three months ended November 30, 2020, and $39 million and $4 million, respectively, for the six months ended November 30, 2020

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Nov. 30, 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, 2020 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 six months ended November 30, 2020 are not necessarily indicative of results to be expected for the entire fiscal year. As previously disclosed in the Annual Report on Form 10-K for the fiscal year ended May 31, 2020, the extent to which the evolving COVID-19 pandemic impacts the Company's financial statements will depend on a number of factors, including the magnitude and duration of the pandemic. There remains risk that COVID-19 could have material adverse impacts on future revenue growth as well as overall profitability and may lead to higher than normal inventory levels in various markets, revised payment terms with certain wholesale customers, higher sales-related reserves and a volatile effective tax rate driven by changes in the mix of earnings across the Company's jurisdictions.
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 HEDGESAll 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 rare circumstances, the additional period of time may exceed two months due to extenuating circumstances related to the nature of the forecasted transaction that are outside the control or influence of the Company. 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 INSTRUMENTSThe 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 DERIVATIVESEmbedded 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.

Accrued Liabilities (Tables)

6 Months Ended

Nov. 30, 2020

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities included the following:


	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
Compensation and benefits, excluding taxes	$	1,157	$	1,248
Sales-related reserves	1,126		1,178
Fair value of derivatives	485		190
Allowance for expected loss on sale(1)	438		405
Other	2,824		2,163
TOTAL ACCRUED LIABILITIES	$	6,030	$	5,184

(1)Refer to Note 13 — Acquisitions and Divestitures for additional information

Fair Value Measurements (Tables)

6 Months Ended

Nov. 30, 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 November 30, 2020 and May 31, 2020, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:


	NOVEMBER 30, 2020
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	886	$	886	$	—
Level 1:
U.S. Treasury securities	3,136		—		3,136
Level 2:
Commercial paper and bonds	39		—		39
Money market funds	6,767		6,767		—
Time deposits	983		982		1
U.S. Agency securities	1		—		1
Total Level 2	7,790		7,749		41
TOTAL	$	11,812	$	8,635	$	3,177


	MAY 31, 2020
(Dollars in millions)	ASSETS AT FAIR VALUE		CASH AND EQUIVALENTS		SHORT-TERM INVESTMENTS
Cash	$	596	$	596	$	—
Level 1:
U.S. Treasury securities	1,204		800		404
Level 2:
Commercial paper and bonds	32		—		32
Money market funds	5,973		5,973		—
Time deposits	981		979		2
U.S. Agency securities	1		—		1
Total Level 2	6,987		6,952		35
TOTAL	$	8,787	$	8,348	$	439

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 and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:


	NOVEMBER 30, 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)	$	30	$	27	$	3	$	579	$	480	$	99
Embedded derivatives	—		—		—		5		5		—
TOTAL	$	30	$	27	$	3	$	584	$	485	$	99

(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 $30 million as of November 30, 2020. As of that date, the Company had posted $170 million of cash collateral to various counterparties related to foreign exchange derivative instruments. No amount of collateral was received on the Company's derivative asset balance as of November 30, 2020.


	MAY 31, 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)	$	94	$	91	$	3	$	205	$	188	$	17
Embedded derivatives	1		1		—		2		2		—
TOTAL	$	95	$	92	$	3	$	207	$	190	$	17

(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 $76 million as of May 31, 2020. As of that date, no amount of cash collateral had been received or posted on the derivative asset and liability balances related to these foreign exchange derivative instruments.

The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets:


	DERIVATIVE ASSETS
	BALANCE SHEET LOCATION	NOVEMBER 30,		MAY 31,
(Dollars in millions)		2020		2020
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	11	$	43
Foreign exchange forwards and options	Deferred income taxes and other assets	2		1
Total derivatives formally designated as hedging instruments		13		44
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	16		48
Embedded derivatives	Prepaid expenses and other current assets	—		1
Foreign exchange forwards and options	Deferred income taxes and other assets	1		2

Total derivatives not designated as hedging instruments		17		51
TOTAL DERIVATIVE ASSETS		$	30	$	95

	DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	NOVEMBER 30,		MAY 31,
(Dollars in millions)		2020		2020
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	$	462	$	173
Foreign exchange forwards and options	Deferred income taxes and other liabilities	99		17
Total derivatives formally designated as hedging instruments		561		190
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	18		15
Embedded derivatives	Accrued liabilities	5		2


Total derivatives not designated as hedging instruments		23		17
TOTAL DERIVATIVE LIABILITIES		$	584	$	207

Stock-Based Compensation (Tables)

6 Months Ended

Nov. 30, 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 NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		2019
Stock options(1)	$	107	$	64	$	177	$	106
ESPPs	17		11		35		24
Restricted stock	65		35		113		60
TOTAL STOCK-BASED COMPENSATION EXPENSE	$	189	$	110	$	325	$	190

(1)Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is primarily recorded for employees meeting certain retirement eligibility requirements and certain employees impacted by the Company's organizational realignment. For more information see Note 14 — Restructuring.

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

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


	SIX MONTHS ENDED NOVEMBER 30,
	2020		2019
Dividend yield	0.9	%	1.0	%
Expected volatility	27.3	%	23.0	%
Weighted average expected life (in years)	6.0		6.0
Risk-free interest rate	0.4	%	1.5	%

Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 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, and restricted stock to purchase an additional 12.6 million and 34.2 million shares of common stock outstanding for the three months ended November 30, 2020 and 2019, respectively, and 13.5 million and 34.2 million shares of common stock outstanding for the six months ended November 30, 2020 and 2019, respectively, because the options were anti-dilutive.


	THREE MONTHS ENDED NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(In millions, except per share data)	2020		2019		2020		2019
Net income available to common stockholders	$	1,251	$	1,115	$	2,769	$	2,482
Determination of shares:
Weighted average common shares outstanding	1,573.0		1,560.6		1,567.4		1,561.5
Assumed conversion of dilutive stock options and awards	36.5		33.8		34.5		34.5
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	1,609.5		1,594.4		1,601.9		1,596.0
Earnings per common share:
Basic	$	0.80	$	0.71	$	1.77	$	1.59
Diluted	$	0.78	$	0.70	$	1.73	$	1.56

Risk Management and Derivatives (Tables)

6 Months Ended

Nov. 30, 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 and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:


	NOVEMBER 30, 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)	$	30	$	27	$	3	$	579	$	480	$	99
Embedded derivatives	—		—		—		5		5		—
TOTAL	$	30	$	27	$	3	$	584	$	485	$	99

(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 $30 million as of November 30, 2020. As of that date, the Company had posted $170 million of cash collateral to various counterparties related to foreign exchange derivative instruments. No amount of collateral was received on the Company's derivative asset balance as of November 30, 2020.


	MAY 31, 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)	$	94	$	91	$	3	$	205	$	188	$	17
Embedded derivatives	1		1		—		2		2		—
TOTAL	$	95	$	92	$	3	$	207	$	190	$	17

(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 $76 million as of May 31, 2020. As of that date, no amount of cash collateral had been received or posted on the derivative asset and liability balances related to these foreign exchange derivative instruments.

The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets:


	DERIVATIVE ASSETS
	BALANCE SHEET LOCATION	NOVEMBER 30,		MAY 31,
(Dollars in millions)		2020		2020
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	$	11	$	43
Foreign exchange forwards and options	Deferred income taxes and other assets	2		1
Total derivatives formally designated as hedging instruments		13		44
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Prepaid expenses and other current assets	16		48
Embedded derivatives	Prepaid expenses and other current assets	—		1
Foreign exchange forwards and options	Deferred income taxes and other assets	1		2

Total derivatives not designated as hedging instruments		17		51
TOTAL DERIVATIVE ASSETS		$	30	$	95

	DERIVATIVE LIABILITIES
	BALANCE SHEET LOCATION	NOVEMBER 30,		MAY 31,
(Dollars in millions)		2020		2020
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	$	462	$	173
Foreign exchange forwards and options	Deferred income taxes and other liabilities	99		17
Total derivatives formally designated as hedging instruments		561		190
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	Accrued liabilities	18		15
Embedded derivatives	Accrued liabilities	5		2


Total derivatives not designated as hedging instruments		23		17
TOTAL DERIVATIVE LIABILITIES		$	584	$	207

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:


	THREE MONTHS ENDED NOVEMBER 30,
	2020				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	$	11,243	$	26	$	10,326	$	1
Cost of sales	6,396		31		5,782		102
Demand creation expense	729		—		881		(3)
Other (income) expense, net	54		(13)		(41)		31
Interest expense (income), net	70		(1)		12		(1)


	SIX MONTHS ENDED NOVEMBER 30,
	2020				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	$	21,837	$	40	$	20,986	$	9
Cost of sales	12,249		145		11,571		177
Demand creation expense	1,406		1		1,899		(3)
Other (income) expense, net	40		(5)		(74)		77
Interest expense (income), net	135		(3)		27		(3)

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:


(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 NOVEMBER 30,				LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	THREE MONTHS ENDED NOVEMBER 30,
	2020		2019			2020		2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	6	$	(83)	Revenues	$	26	$	1
Foreign exchange forwards and options	(69)		37		Cost of sales	31		102
Foreign exchange forwards and options	2		—		Demand creation expense	—		(3)
Foreign exchange forwards and options	1		27		Other (income) expense, net	(13)		31
Interest rate swaps(2)	—		—		Interest expense (income), net	(1)		(1)
Total designated cash flow hedges	$	(60)	$	(19)		$	43	$	130

(1)For the three months ended November 30, 2020 and 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)
	SIX MONTHS ENDED NOVEMBER 30,				LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME	SIX MONTHS ENDED NOVEMBER 30,
	2020		2019			2020		2019
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options	$	6	$	(62)	Revenues	$	40	$	9
Foreign exchange forwards and options	(440)		146		Cost of sales	145		177
Foreign exchange forwards and options	3		—		Demand creation expense	1		(3)
Foreign exchange forwards and options	(159)		60		Other (income) expense, net	(5)		77
Interest rate swaps(2)	—		—		Interest expense (income), net	(3)		(3)
Total designated cash flow hedges	$	(590)	$	144		$	178	$	257

(1)For the six months ended November 30, 2020 and 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 NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		2019


Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	(49)	$	(21)	$	(87)	$	(21)	Other (income) expense, net
Embedded derivatives	(9)		(4)		(13)		(5)		Other (income) expense, net

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Nov. 30, 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 August 31, 2020	$	(176)	$	(268)	$	115	$	(72)	$	(401)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)	79		(64)		—		(2)		13
Reclassifications to net income of previously deferred (gains) losses(3)	(1)		(39)		—		(1)		(41)
Total other comprehensive income (loss)	78		(103)		—		(3)		(28)
Balance at November 30, 2020	$	(98)	$	(371)	$	115	$	(75)	$	(429)

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

(2)Net of tax benefit (expense) of $0 million, $(4) million, $0 million, $0 million and $(4) million, respectively.

(3)Net of tax (benefit) expense of $0 million, $4 million, $0 million, $0 million and $4 million, respectively.


(Dollars in millions)	FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)		CASH FLOW HEDGES		NET INVESTMENT HEDGES(1)		OTHER		TOTAL
Balance at August 31, 2019	$	(435)	$	556	$	115	$	(56)	$	180
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)	28		(26)		—		(2)		—
Reclassifications to net income of previously deferred (gains) losses(3)	—		(129)		—		1		(128)
Total other comprehensive income (loss)	28		(155)		—		(1)		(128)
Balance at November 30, 2019	$	(407)	$	401	$	115	$	(57)	$	52

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

(2)Net of tax benefit (expense) of $0 million, $(7) million, $0 million, $0 million and $(7) million, respectively.

(3)Net of tax (benefit) 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 May 31, 2020	$	(494)	$	390	$	115	$	(67)	$	(56)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)	397		(590)		—		(15)		(208)
Reclassifications to net income of previously deferred (gains) losses(3)	(1)		(171)		—		7		(165)
Total other comprehensive income (loss)	396		(761)		—		(8)		(373)
Balance at November 30, 2020	$	(98)	$	(371)	$	115	$	(75)	$	(429)

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

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

(3)Net of tax (benefit) expense of $0 million, $7 million, $0 million, $0 million and $7 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)	(61)		137		—		1		77
Reclassifications to net income of previously deferred (gains) losses(3)	—		(256)		—		—		(256)
Total other comprehensive income (loss)	(61)		(119)		—		1		(179)
Balance at November 30, 2019	$	(407)	$	401	$	115	$	(57)	$	52

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

(2)Net of tax benefit (expense) of $0 million, $(7) million, $0 million, $0 million and $(7) million, respectively.

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

Reclassification out of Accumulated Other Comprehensive Income

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


	AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME								LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME
	THREE MONTHS ENDED NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		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	$	26	$	1	$	40	$	9	Revenues
Foreign exchange forwards and options	31		102		145		177		Cost of sales
Foreign exchange forwards and options	—		(3)		1		(3)		Demand creation expense
Foreign exchange forwards and options	(13)		31		(5)		77		Other (income) expense, net
Interest rate swaps	(1)		(1)		(3)		(3)		Interest expense (income), net
Total before tax	43		130		178		257
Tax (expense)	(4)		(1)		(7)		(1)
Gain (loss) net of tax	39		129		171		256
Gains (losses) on other	1		(1)		(7)		—		Other (income) expense, net
Total before tax	1		(1)		(7)		—
Tax (expense)	—		—		—		—
Gain (loss) net of tax	1		(1)		(7)		—
Total net gain (loss) reclassified for the period	$	41	$	128	$	165	$	256

Revenues (Tables)

6 Months Ended

Nov. 30, 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 NOVEMBER 30, 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	$	2,512	$	1,731	$	1,567	$	991	$	—	$	6,801	$	416	$	—	$	7,217
Apparel	1,368		1,104		681		432		—		3,585		32		—		3,617
Equipment	126		123		50		48		—		347		7		—		354
Other	—		—		—		—		8		8		21		26		55
TOTAL REVENUES	$	4,006	$	2,958	$	2,298	$	1,471	$	8	$	10,741	$	476	$	26	$	11,243
Revenues by:
Sales to Wholesale Customers	$	2,354	$	1,985	$	1,159	$	925	$	—	$	6,423	$	259	$	—	$	6,682
Sales through Direct to Consumer	1,652		973		1,139		546		—		4,310		196		—		4,506
Other	—		—		—		—		8		8		21		26		55
TOTAL REVENUES	$	4,006	$	2,958	$	2,298	$	1,471	$	8	$	10,741	$	476	$	26	$	11,243


	THREE MONTHS ENDED NOVEMBER 30, 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	$	2,426	$	1,536	$	1,247	$	997	$	—	$	6,206	$	416	$	—	$	6,622
Apparel	1,417		897		563		410		—		3,287		30		—		3,317
Equipment	139		104		37		61		—		341		6		—		347
Other	—		—		—		—		10		10		28		2		40
TOTAL REVENUES	$	3,982	$	2,537	$	1,847	$	1,468	$	10	$	9,844	$	480	$	2	$	10,326
Revenues by:
Sales to Wholesale Customers	$	2,734	$	1,794	$	1,028	$	1,022	$	—	$	6,578	$	286	$	—	$	6,864
Sales through Direct to Consumer	1,248		743		819		446		—		3,256		166		—		3,422
Other	—		—		—		—		10		10		28		2		40
TOTAL REVENUES	$	3,982	$	2,537	$	1,847	$	1,468	$	10	$	9,844	$	480	$	2	$	10,326


	SIX MONTHS ENDED NOVEMBER 30, 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	$	5,469	$	3,533	$	2,818	$	1,749	$	—	$	13,569	$	929	$	—	$	14,498
Apparel	2,493		2,075		1,159		733		—		6,460		54		—		6,514
Equipment	269		260		101		88		—		718		16		—		734
Other	—		—		—		—		12		12		40		39		91
TOTAL REVENUES	$	8,231	$	5,868	$	4,078	$	2,570	$	12	$	20,759	$	1,039	$	39	$	21,837
Revenues by:
Sales to Wholesale Customers	$	5,073	$	3,958	$	2,123	$	1,633	$	—	$	12,787	$	632	$	—	$	13,419
Sales through Direct to Consumer	3,158		1,910		1,955		937		—		7,960		367		—		8,327
Other	—		—		—		—		12		12		40		39		91
TOTAL REVENUES	$	8,231	$	5,868	$	4,078	$	2,570	$	12	$	20,759	$	1,039	$	39	$	21,837


	SIX MONTHS ENDED NOVEMBER 30, 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	$	5,095	$	3,294	$	2,411	$	1,927	$	—	$	12,727	$	912	$	—	$	13,639
Apparel	2,848		1,766		1,028		766		—		6,408		56		—		6,464
Equipment	332		250		87		120		—		789		15		—		804
Other	—		—		—		—		16		16		52		11		79
TOTAL REVENUES	$	8,275	$	5,310	$	3,526	$	2,813	$	16	$	19,940	$	1,035	$	11	$	20,986
Revenues by:
Sales to Wholesale Customers	$	5,598	$	3,836	$	2,014	$	1,972	$	—	$	13,420	$	653	$	—	$	14,073
Sales through Direct to Consumer	2,677		1,474		1,512		841		—		6,504		330		—		6,834
Other	—		—		—		—		16		16		52		11		79
TOTAL REVENUES	$	8,275	$	5,310	$	3,526	$	2,813	$	16	$	19,940	$	1,035	$	11	$	20,986

Operating Segments (Tables)

6 Months Ended

Nov. 30, 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 NOVEMBER 30,				SIX MONTHS ENDED NOVEMBER 30,
(Dollars in millions)	2020		2019		2020		2019
REVENUES
North America	$	4,006	$	3,982	$	8,231	$	8,275
Europe, Middle East & Africa	2,958		2,537		5,868		5,310
Greater China	2,298		1,847		4,078		3,526
Asia Pacific & Latin America	1,471		1,468		2,570		2,813
Global Brand Divisions	8		10		12		16
Total NIKE Brand	10,741		9,844		20,759		19,940
Converse	476		480		1,039		1,035
Corporate	26		2		39		11
TOTAL NIKE, INC. REVENUES	$	11,243	$	10,326	$	21,837	$	20,986
EARNINGS BEFORE INTEREST AND TAXES
North America	$	1,023	$	875	$	2,325	$	1,975
Europe, Middle East & Africa	660		510		1,352		1,119
Greater China	891		694		1,579		1,363
Asia Pacific & Latin America	424		377		704		718
Global Brand Divisions	(841)		(872)		(1,694)		(1,729)
Converse	87		90		255		228
Corporate	(718)		(413)		(1,215)		(837)
Interest expense (income), net	70		12		135		27
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES	$	1,456	$	1,249	$	3,171	$	2,810

Reconciliation of Assets from Segment to Consolidated


	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
ACCOUNTS RECEIVABLE, NET
North America	$	1,236	$	1,020
Europe, Middle East & Africa	1,350		712
Greater China	250		321
Asia Pacific & Latin America(1)	591		425
Global Brand Divisions	96		65
Total NIKE Brand	3,523		2,543
Converse	153		149
Corporate	37		57
TOTAL ACCOUNTS RECEIVABLE, NET	$	3,713	$	2,749
INVENTORIES
North America	$	2,401	$	3,077
Europe, Middle East & Africa	1,589		2,070
Greater China	1,137		882
Asia Pacific & Latin America(1)	620		770
Global Brand Divisions	131		137
Total NIKE Brand	5,878		6,936
Converse	315		341
Corporate	(103)		90
TOTAL INVENTORIES	$	6,090	$	7,367


	NOVEMBER 30,		MAY 31,
(Dollars in millions)	2020		2020
PROPERTY, PLANT AND EQUIPMENT, NET
North America	$	632	$	645
Europe, Middle East & Africa	934		885
Greater China	246		214
Asia Pacific & Latin America(1)	312		296
Global Brand Divisions	866		830
Total NIKE Brand	2,990		2,870
Converse	72		80
Corporate	1,897		1,916
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	4,959	$	4,866

(1)Excludes assets held-for-sale as of November 30, 2020 and May 31, 2020. See Note 13 — Acquisitions and Divestitures for additional information.

Restructuring and Related Activities (Tables)

6 Months Ended

Nov. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The activity was recognized within Accrued liabilities as follows:


(Dollars in millions)
Balance at August 31, 2020	$	34
Employee termination costs	137
Cash payments	(67)
Balance at November 30, 2020	$	104


(Dollars in millions)
Balance at May 31, 2020	$	—
Employee termination costs	175
Cash payments	(71)
Balance at November 30, 2020	$	104

Inventories (Detail) - USD ($) $ in Millions	Nov. 30, 2020	May 31, 2020
Inventory Disclosure [Abstract]
Inventory, Finished Goods, Net of Reserves	$ 6,090	$ 7,367

Accrued Liabilities (Detail) - USD ($) $ in Millions	Nov. 30, 2020	May 31, 2020
Accrued Liabilities, Current [Abstract]
Compensation and benefits, excluding taxes	$ 1,157	$ 1,248
Sales-related reserves	1,126	1,178
Fair value of derivatives	485	190
Allowance for expected loss on sale	438	405
Other	2,824	2,163
TOTAL ACCRUED LIABILITIES	$ 6,030	$ 5,184

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Nov. 30, 2020	May 31, 2020
Assets, Fair Value Disclosure [Abstract]
Cash	$ 886	$ 596
ASSETS AT FAIR VALUE	11,812	8,787
CASH AND EQUIVALENTS	8,635	8,348
SHORT-TERM INVESTMENTS	3,177	439
Fair Value, Inputs, Level 1 \| U.S. Treasury securities
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	3,136	1,204
CASH AND EQUIVALENTS	0	800
SHORT-TERM INVESTMENTS	3,136	404
Fair Value, Inputs, Level 2
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	7,790	6,987
CASH AND EQUIVALENTS	7,749	6,952
SHORT-TERM INVESTMENTS	41	35
Fair Value, Inputs, Level 2 \| Commercial paper and bonds
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	39	32
CASH AND EQUIVALENTS	0	0
SHORT-TERM INVESTMENTS	39	32
Fair Value, Inputs, Level 2 \| Money market funds
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	6,767	5,973
CASH AND EQUIVALENTS	6,767	5,973
SHORT-TERM INVESTMENTS	0	0
Fair Value, Inputs, Level 2 \| Time deposits
Assets, Fair Value Disclosure [Abstract]
ASSETS AT FAIR VALUE	983	981
CASH AND EQUIVALENTS	982	979
SHORT-TERM INVESTMENTS	1	2
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 ($)	Nov. 30, 2020	May 31, 2020
Derivatives, Fair Value [Line Items]
ACCRUED LIABILITIES	$ 485,000,000	$ 190,000,000
Fair Value, Measurements, Recurring \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
Reduction in derivative liabilities if netted	30,000,000	76,000,000
Reduction in derivative assets if netted	30,000,000	76,000,000
Cash and Cash Equivalents
Derivatives, Fair Value [Line Items]
Derivative asset, fair value of collateral	0
Cash and Cash Equivalents \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
Derivative asset, fair value of collateral	170,000,000	0
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	30,000,000	95,000,000
OTHER CURRENT ASSETS	27,000,000	92,000,000
OTHER LONG-TERM ASSETS	3,000,000	3,000,000
LIABILITIES AT FAIR VALUE	584,000,000	207,000,000
ACCRUED LIABILITIES	485,000,000	190,000,000
OTHER LONG-TERM LIABILITIES	99,000,000	17,000,000
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring \| Foreign exchange forwards and options
Derivatives, Fair Value [Line Items]
ASSETS AT FAIR VALUE	30,000,000	94,000,000
OTHER CURRENT ASSETS	27,000,000	91,000,000
OTHER LONG-TERM ASSETS	3,000,000	3,000,000
LIABILITIES AT FAIR VALUE	579,000,000	205,000,000
ACCRUED LIABILITIES	480,000,000	188,000,000
OTHER LONG-TERM LIABILITIES	99,000,000	17,000,000
Fair Value, Inputs, Level 2 \| Fair Value, Measurements, Recurring \| Embedded derivatives
Derivatives, Fair Value [Line Items]
ASSETS AT FAIR VALUE	0	1,000,000
OTHER CURRENT ASSETS	0	1,000,000
OTHER LONG-TERM ASSETS	0	0
LIABILITIES AT FAIR VALUE	5,000,000	2,000,000
ACCRUED LIABILITIES	5,000,000	2,000,000
OTHER LONG-TERM LIABILITIES	$ 0	$ 0

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019	May 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long term debt	$ 11,044		$ 11,044		$ 10,645
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	3,131		3,131
Available-for-sale securities with maturity dates over one year and less than five years from purchase date	46		46
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	$ 6	$ 14	$ 13	$ 35

Short-Term Borrowings and Credit Lines (Detail) - Commercial paper - USD ($)	Nov. 30, 2020	May 31, 2020
Short-term Debt [Line Items]
Line of credit facility, amount outstanding	$ 23,000,000	$ 248,000,000
Weighted average interest rate	1.76%	1.65%
Borrowing capacity	$ 4,000,000,000

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Detail) - USD ($) $ in Millions	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019	May 31, 2020
Income Tax Contingency [Line Items]
Federal income tax rate			12.70%	11.70%
Total gross unrecognized tax benefits, excluding related interest and penalties	$ 872		$ 872		$ 771
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	587		587
Income tax expense	205	$ 134	402	$ 328
Increase (decrease) in liability for payment of interest and penalties	33		33
Accrued interest and penalties related to uncertain tax positions (excluding federal benefit)	191		191		$ 158
Estimated decrease in total gross unrecognized tax benefits as a result of resolutions of global tax examinations and expiration of applicable statutes of limitations	60		$ 60
Altera Corp. V. Commissioner
Income Tax Contingency [Line Items]
Unrecognized tax benefits recognized	77
Income tax expense	$ 71

Stock-Based Compensation - Total Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit related to stock-based compensation expense	$ 108	$ 77	$ 189	$ 114
Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 189	110	$ 325	190
Stock Incentive Plan \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	798,000,000		798,000,000
Stock options \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 107	64	$ 177	106
ESPPs \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	17	11	35	24
Restricted stock \| Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 65	$ 35	$ 113	$ 60

Stock-Based Compensation - Weighted Average Assumptions Used to Estimate Fair Values (Detail) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Nov. 30, 2020	Nov. 30, 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)	$ 26.75	$ 18.46
Dividend yield	0.90%	1.00%
Expected volatility	27.30%	23.00%
Weighted average expected life	6 years	6 years
Risk-free interest rate	0.40%	1.50%
Stock Incentive Plan \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs from stock options	$ 589
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	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 109.36	$ 84.85
Unrecognized compensation costs from restricted stock, net of estimated forfeitures	$ 513
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		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 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)	12.6	34.2	13.5	34.2

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		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Earnings Per Share [Abstract]
Net income available to common stockholders	$ 1,251	$ 1,115	$ 2,769	$ 2,482
Determination of shares:
Weighted average common shares outstanding (in shares)	1,573.0	1,560.6	1,567.4	1,561.5
Assumed conversion of dilutive stock options and awards (in shares)	36.5	33.8	34.5	34.5
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	1,609.5	1,594.4	1,601.9	1,596.0
Earnings per common share:
Basic (in dollars per share)	$ 0.80	$ 0.71	$ 1.77	$ 1.59
Diluted (in dollars per share)	$ 0.78	$ 0.70	$ 1.73	$ 1.56

- Definition

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

+ References

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+ Details

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

- Definition

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

+ References + Details

Risk Management and Derivatives - Additional Information (Detail) - USD ($)	6 Months Ended
	Nov. 30, 2020	May 31, 2020
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	$ 233,000,000
Maximum term over which the Company is hedging exposures to the variability of cash flows for its forecasted and recorded transactions (in months)	24 months
Derivative instruments in net liability position	$ 549,000,000
Not designated as derivative instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total notional amount of outstanding derivatives	4,400,000,000
Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total notional amount of outstanding derivatives	$ 410,000,000
Derivatives designated as cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Additional period for forecasted transaction expected to occur	2 months
Total notional amount of outstanding derivatives	$ 13,900,000,000
Cash and Cash Equivalents
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of collateral to be posted	170,000,000
Derivative asset, fair value of collateral	0
Cash and Cash Equivalents \| Foreign exchange forwards and options
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, fair value of collateral	$ 170,000,000	$ 0

Risk Management and Derivatives - FV of Derivative Instruments Included within Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Nov. 30, 2020	May 31, 2020
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	$ 30	$ 95
DERIVATIVE LIABILITIES	584	207
Derivatives formally designated as hedging instruments
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	13	44
DERIVATIVE LIABILITIES	561	190
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	11	43
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Deferred income taxes and other assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	2	1
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	462	173
Derivatives formally designated as hedging instruments \| Foreign exchange forwards and options \| Deferred income taxes and other liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	99	17
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	17	51
DERIVATIVE LIABILITIES	23	17
Derivatives not designated as hedging instruments \| Foreign exchange forwards and options \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	16	48
Derivatives not designated as hedging instruments \| Foreign exchange forwards and options \| Deferred income taxes and other assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	1	2
Derivatives not designated as hedging instruments \| Foreign exchange forwards and options \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	18	15
Derivatives not designated as hedging instruments \| Embedded derivatives \| Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
DERIVATIVE ASSETS	0	1
Derivatives not designated as hedging instruments \| Embedded derivatives \| Accrued liabilities
Derivatives, Fair Value [Line Items]
DERIVATIVE LIABILITIES	$ 5	$ 2

Risk Management and Derivatives - Effects Of Cash Flow Hedges in Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Revenues	$ 11,243	$ 10,326	$ 21,837	$ 20,986
Cost of sales	6,396	5,782	12,249	11,571
Demand creation expense	729	881	1,406	1,899
Other (income) expense, net	54	(41)	40	(74)
Interest expense (income), net	70	12	135	27
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	43	130	178	257
Foreign exchange forwards and options \| Revenue \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
AMOUNT OF GAIN (LOSS) ON CASH FLOW HEDGE ACTIVITY	26	1	40	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	31	102	145	177
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	(3)	1	(3)
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	(13)	31	(5)	77
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	$ (1)	$ (1)	$ (3)	$ (3)

Risk Management and Derivatives - Amounts Affecting Consolidated Statements of Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 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	$ (49)	$ (21)	$ (87)	$ (21)
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	(9)	(4)	(13)	(5)
Derivatives designated as cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	(60)	(19)	(590)	144
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	43	130	178	257
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	6	(83)	6	(62)
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	26	1	40	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	(69)	37	(440)	146
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	31	102	145	177
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	2	0	3	0
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	0	(3)	1	(3)
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	1	27	(159)	60
Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	(13)	31	(5)	77
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	$ (1)	$ (1)	$ (3)	$ (3)

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 9,224	$ 9,200	$ 8,055	$ 9,040
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	13	0	(208)	77
Reclassifications to net income of previously deferred (gains) losses, net of tax	(41)	(128)	(165)	(256)
Total other comprehensive income (loss), net of tax	(28)	(128)	(373)	(179)
Ending balance	10,640	9,351	10,640	9,351
Other comprehensive income, before reclassification, tax benefit (expense)	(4)		1	(7)
Reclassification from AOCI, current period, tax expense (benefit)	4		7	1
Gains (losses) on foreign currency translation adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(176)	(435)	(494)	(346)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	79	28	397	(61)
Reclassifications to net income of previously deferred (gains) losses, net of tax	(1)	0	(1)	0
Total other comprehensive income (loss), net of tax	78	28	396	(61)
Ending balance	(98)	(407)	(98)	(407)
Other comprehensive income, before reclassification, tax benefit (expense)	0			0
Reclassification from AOCI, current period, tax expense (benefit)	0			0
CASH FLOW HEDGES
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(268)	556	390	520
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	(64)	(26)	(590)	137
Reclassifications to net income of previously deferred (gains) losses, net of tax	(39)	(129)	(171)	(256)
Total other comprehensive income (loss), net of tax	(103)	(155)	(761)	(119)
Ending balance	(371)	401	(371)	401
Other comprehensive income, before reclassification, tax benefit (expense)	(4)			(7)
Reclassification from AOCI, current period, tax expense (benefit)	4		7	1
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
Reclassifications to net income of previously deferred (gains) losses, net of tax	0	0		0
Total other comprehensive income (loss), net of tax	0	0		0
Ending balance	115	115	115	115
Other comprehensive income, before reclassification, tax benefit (expense)	0			0
Reclassification from AOCI, current period, tax expense (benefit)	0			0
OTHER
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(72)	(56)	(67)	(58)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications, net of tax	(2)	(2)	(15)	1
Reclassifications to net income of previously deferred (gains) losses, net of tax	(1)	1	7	0
Total other comprehensive income (loss), net of tax	(3)	(1)	(8)	1
Ending balance	(75)	(57)	(75)	(57)
Other comprehensive income, before reclassification, tax benefit (expense)			1	0
Reclassification from AOCI, current period, tax expense (benefit)	0			0
TOTAL
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(401)	180	(56)	231
Other comprehensive income (loss):
Ending balance	$ (429)	$ 52	$ (429)	$ 52

Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Revenues	$ 11,243	$ 10,326	$ 21,837	$ 20,986
Cost of sales	(6,396)	(5,782)	(12,249)	(11,571)
Demand creation expense	(729)	(881)	(1,406)	(1,899)
Interest expense (income), net	(70)	(12)	(135)	(27)
Other (income) expense, net	(54)	41	(40)	74
Income before income taxes	1,456	1,249	3,171	2,810
Tax benefit (expense)	(205)	(134)	(402)	(328)
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	41	128	165	256
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
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	43	130	178	257
Tax benefit (expense)	(4)	(1)	(7)	(1)
Gain (loss), net of tax	39	129	171	256
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	26	1	40	9
Cost of sales	31	102	145	177
Demand creation expense	0	(3)	1	(3)
Other (income) expense, net	(13)	31	(5)	77
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	(1)	(1)	(3)	(3)
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	1	(1)	(7)	0
Income before income taxes	1	(1)	(7)	0
Tax benefit (expense)	0	0	0	0
Gain (loss), net of tax	$ 1	$ (1)	$ (7)	$ 0

Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Revenues (Details) - USD ($) $ in Millions	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 11,243	$ 10,326	$ 21,837	$ 20,986
Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	6,682	6,864	13,419	14,073
Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	4,506	3,422	8,327	6,834
Other
Disaggregation of Revenue [Line Items]
Revenues	55	40	91	79
Footwear
Disaggregation of Revenue [Line Items]
Revenues	7,217	6,622	14,498	13,639
Apparel
Disaggregation of Revenue [Line Items]
Revenues	3,617	3,317	6,514	6,464
Equipment
Disaggregation of Revenue [Line Items]
Revenues	354	347	734	804
Other
Disaggregation of Revenue [Line Items]
Revenues	55	40	91	79
Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	10,741	9,844	20,759	19,940
Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	6,423	6,578	12,787	13,420
Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	4,310	3,256	7,960	6,504
Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	8	10	12	16
Operating Segments \| NIKE Brand \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	6,801	6,206	13,569	12,727
Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	3,585	3,287	6,460	6,408
Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	347	341	718	789
Operating Segments \| NIKE Brand \| Other
Disaggregation of Revenue [Line Items]
Revenues	8	10	12	16
Operating Segments \| Converse
Disaggregation of Revenue [Line Items]
Revenues	476	480	1,039	1,035
Operating Segments \| Converse \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	259	286	632	653
Operating Segments \| Converse \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	196	166	367	330
Operating Segments \| Converse \| Other
Disaggregation of Revenue [Line Items]
Revenues	21	28	40	52
Operating Segments \| Converse \| Footwear
Disaggregation of Revenue [Line Items]
Revenues	416	416	929	912
Operating Segments \| Converse \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	32	30	54	56
Operating Segments \| Converse \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	7	6	16	15
Operating Segments \| Converse \| Other
Disaggregation of Revenue [Line Items]
Revenues	21	28	40	52
Global Brand Divisions
Disaggregation of Revenue [Line Items]
Revenues	8	10	12	16
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	10	12	16
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	10	12	16
Corporate
Disaggregation of Revenue [Line Items]
Revenues	26	2	39	11
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	26	2	39	11
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	26	2	39	11
North America \| Operating Segments \| NIKE Brand
Disaggregation of Revenue [Line Items]
Revenues	4,006	3,982	8,231	8,275
North America \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	2,354	2,734	5,073	5,598
North America \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	1,652	1,248	3,158	2,677
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	2,512	2,426	5,469	5,095
North America \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	1,368	1,417	2,493	2,848
North America \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	126	139	269	332
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	2,958	2,537	5,868	5,310
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	1,985	1,794	3,958	3,836
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	973	743	1,910	1,474
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	1,731	1,536	3,533	3,294
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	1,104	897	2,075	1,766
Europe, Middle East & Africa \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	123	104	260	250
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	2,298	1,847	4,078	3,526
Greater China \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	1,159	1,028	2,123	2,014
Greater China \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	1,139	819	1,955	1,512
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	1,567	1,247	2,818	2,411
Greater China \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	681	563	1,159	1,028
Greater China \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	50	37	101	87
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	1,471	1,468	2,570	2,813
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Sales to Wholesale Customers
Disaggregation of Revenue [Line Items]
Revenues	925	1,022	1,633	1,972
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Sales through Direct to Consumer
Disaggregation of Revenue [Line Items]
Revenues	546	446	937	841
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	991	997	1,749	1,927
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Apparel
Disaggregation of Revenue [Line Items]
Revenues	432	410	733	766
Asia Pacific & Latin America \| Operating Segments \| NIKE Brand \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	48	61	88	120
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		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 11,243	$ 10,326	$ 21,837	$ 20,986
Interest expense (income), net	70	12	135	27
Income before income taxes	1,456	1,249	3,171	2,810
Global Brand Divisions
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	8	10	12	16
Corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	26	2	39	11
EARNINGS BEFORE INTEREST AND TAXES	(718)	(413)	(1,215)	(837)
NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,741	9,844	20,759	19,940
Converse \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	476	480	1,039	1,035
NIKE Brand \| Global Brand Divisions
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	8	10	12	16
EARNINGS BEFORE INTEREST AND TAXES	(841)	(872)	(1,694)	(1,729)
NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,741	9,844	20,759	19,940
Converse \| Converse \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	476	480	1,039	1,035
EARNINGS BEFORE INTEREST AND TAXES	87	90	255	228
North America \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	4,006	3,982	8,231	8,275
North America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	4,006	3,982	8,231	8,275
EARNINGS BEFORE INTEREST AND TAXES	1,023	875	2,325	1,975
Europe, Middle East & Africa \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,958	2,537	5,868	5,310
Europe, Middle East & Africa \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,958	2,537	5,868	5,310
EARNINGS BEFORE INTEREST AND TAXES	660	510	1,352	1,119
Greater China \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,298	1,847	4,078	3,526
Greater China \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,298	1,847	4,078	3,526
EARNINGS BEFORE INTEREST AND TAXES	891	694	1,579	1,363
Asia Pacific & Latin America \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,471	1,468	2,570	2,813
Asia Pacific & Latin America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,471	1,468	2,570	2,813
EARNINGS BEFORE INTEREST AND TAXES	$ 424	$ 377	$ 704	$ 718

Operating Segments - Accounts Receivable Net Inventories and Property Plant and Equipment Net by Operating Segments (Detail) - USD ($) $ in Millions	Nov. 30, 2020	May 31, 2020
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	$ 3,713	$ 2,749
Inventories	6,090	7,367
Property, plant and equipment, net	4,959	4,866
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	37	57
Inventories	(103)	90
Property, plant and equipment, net	1,897	1,916
Converse \| Converse \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	153	149
Inventories	315	341
Property, plant and equipment, net	72	80
NIKE Brand \| Global Brand Divisions
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	96	65
Inventories	131	137
Property, plant and equipment, net	866	830
NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	3,523	2,543
Inventories	5,878	6,936
Property, plant and equipment, net	2,990	2,870
North America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	1,236	1,020
Inventories	2,401	3,077
Property, plant and equipment, net	632	645
Europe, Middle East & Africa \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	1,350	712
Inventories	1,589	2,070
Property, plant and equipment, net	934	885
Greater China \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	250	321
Inventories	1,137	882
Property, plant and equipment, net	246	214
Asia Pacific & Latin America \| NIKE Brand \| NIKE Brand \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable, net	591	425
Inventories	620	770
Property, plant and equipment, net	$ 312	$ 296

Acquisitions And Divestitures (Details) - Discontinued Operations, Held-for-sale - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Feb. 29, 2020	Nov. 30, 2020	Nov. 30, 2020	May 31, 2020
Grupo SBF S.A. \| BRAZIL
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal		$ 47
Grupo SBF S.A. \| BRAZIL \| NIKE Brand Businesses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets, held-for-sale		242	$ 242	$ 272
Inventories, held-for-sale				142
Accounts receivable, held-for-sale		174	174	101
Liabilities, held-for-sale		59	59	91
Accrued liabilities, held-for-sale		30	30	51
Grupo Axo \| 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		257	257	234
Inventories, held-for-sale		119	119	122
Accounts receivable, held-for-sale		80	80
Prepaid expenses and other current assets, held-for-sale				50
Liabilities, held-for-sale		$ 26	26	55
Accrued liabilities, held-for-sale				$ 34
Other Income (Expense) \| Grupo Axo \| 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	$ 405		$ 438

Restructuring and Related Activities (Details) - One-time Termination Benefits $ in Millions	3 Months Ended	6 Months Ended
	Nov. 30, 2020 USD ($)	Nov. 30, 2020 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring, expected cost	$ 315	$ 315
Restructuring charges	137	175
Restructuring Reserve [Roll Forward]
Beginning Balance	34	0
Employee termination costs	137	175
Payments for Restructuring	(67)	(71)
Ending Balance	104	104
Operating Overhead Expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges	107	145
Restructuring Reserve [Roll Forward]
Employee termination costs	107	145
Stock-based compensation expense	30	39
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	30	30
Restructuring Reserve [Roll Forward]
Employee termination costs	30	30
Stock-based compensation expense	$ 4	$ 4

Label	Element	Value
Accounting Standards Update 2018-20 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,000,000)
Accounting Standards Update 2018-20 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,000,000)