| Schedule of Segment Reporting Information, by Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | YEAR ENDED MAY 31, 2025 | (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 | $ | 19,572 | | $ | 12,257 | | $ | 6,586 | | $ | 6,251 | | $ | 48 | | $ | 44,714 | | $ | 1,692 | | $ | (97) | | $ | 46,309 | | Cost of Sales | 11,056 | | 6,967 | | 3,558 | | 3,502 | | 634 | | 25,717 | | 868 | | (66) | | 26,519 | | Gross profit | 8,516 | | 5,290 | | 3,028 | | 2,749 | | (586) | | 18,997 | | 824 | | (31) | | 19,790 | | Demand creation expense | 1,633 | | 1,222 | | 529 | | 421 | | 716 | | 4,521 | | 156 | | 12 | | 4,689 | | Operating overhead expense | 2,150 | | 1,479 | | 973 | | 804 | | 3,401 | | 8,807 | | 430 | | 2,162 | | 11,399 | | Total selling and administrative expense | 3,783 | | 2,701 | | 1,502 | | 1,225 | | 4,117 | | 13,328 | | 586 | | 2,174 | | 16,088 | | Other segment items(1) | (2) | | 14 | | (76) | | (3) | | (4) | | (71) | | (2) | | (3) | | (76) | | EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 4,735 | | $ | 2,575 | | $ | 1,602 | | $ | 1,527 | | $ | (4,699) | | $ | 5,740 | | $ | 240 | | $ | (2,202) | | | Interest expense (income), net | | | | | | | | | (107) | | TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | | | | | | | | | $ | 3,885 | | Supplemental information: | | | | | | | | | | Depreciation and amortization(2) | $ | 157 | | 143 | | 49 | | 50 | | 237 | | 636 | | 14 | | 125 | | $ | 775 | | Inventories | $ | 3,198 | | 2,042 | | 951 | | 905 | | 148 | | 7,244 | | 272 | | (27) | | $ | 7,489 | |
(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments. (2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | YEAR ENDED MAY 31, 2024 | (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 | $ | 21,396 | | $ | 13,607 | | $ | 7,545 | | $ | 6,729 | | $ | 45 | | $ | 49,322 | | $ | 2,082 | | $ | (42) | | $ | 51,362 | | Cost of Sales | 11,899 | | 7,589 | | 3,761 | | 3,639 | | 602 | | 27,490 | | 989 | | (4) | | 28,475 | | Gross profit | 9,497 | | 6,018 | | 3,784 | | 3,090 | | (557) | | 21,832 | | 1,093 | | (38) | | 22,887 | | Demand creation expense | 1,495 | | 1,114 | | 519 | | 407 | | 596 | | 4,131 | | 140 | | 14 | | 4,285 | | Operating overhead expense | 2,189 | | 1,517 | | 1,019 | | 801 | | 3,534 | | 9,060 | | 485 | | 2,746 | | 12,291 | | Total selling and administrative expense | 3,684 | | 2,631 | | 1,538 | | 1,208 | | 4,130 | | 13,191 | | 625 | | 2,760 | | 16,576 | | Other segment items(1) | (9) | | (1) | | (63) | | (3) | | 33 | | (43) | | (6) | | (179) | | (228) | | EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 5,822 | | $ | 3,388 | | $ | 2,309 | | $ | 1,885 | | $ | (4,720) | | $ | 8,684 | | $ | 474 | | $ | (2,619) | | | Interest expense (income), net | | | | | | | | | (161) | | TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | | | | | | | | | $ | 6,700 | | Supplemental information: | | | | | | | | | | Depreciation and amortization(2) | $ | 152 | | 146 | | 56 | | 51 | | 236 | | 641 | | 17 | | 138 | | $ | 796 | | | Inventories | $ | 3,134 | | 2,028 | | 1,070 | | 810 | | 166 | | 7,208 | | 296 | | 15 | | $ | 7,519 | |
(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments. (2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | YEAR ENDED MAY 31, 2023 | | (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 | $ | 21,608 | | $ | 13,418 | | $ | 7,248 | | $ | 6,431 | | $ | 58 | | $ | 48,763 | | $ | 2,427 | | $ | 27 | | $ | 51,217 | | | Cost of Sales | 12,497 | | 7,340 | | 3,552 | | 3,337 | | 516 | | 27,242 | | 1,121 | | 562 | | 28,925 | | | Gross profit | 9,111 | | 6,078 | | 3,696 | | 3,094 | | (458) | | 21,521 | | 1,306 | | (535) | | 22,292 | | | Demand creation expense | 1,455 | | 1,050 | | 499 | | 373 | | 511 | | 3,888 | | 138 | | 34 | | 4,060 | | | Operating overhead expense | 2,207 | | 1,500 | | 1,012 | | 789 | | 3,881 | | 9,389 | | 499 | | 2,429 | | 12,317 | | | Total selling and administrative expense | 3,662 | | 2,550 | | 1,511 | | 1,162 | | 4,392 | | 13,277 | | 637 | | 2,463 | | 16,377 | | Other segment items(1) | (5) | | (3) | | (98) | | — | | (9) | | (115) | | (7) | | (158) | | (280) | | EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 5,454 | | $ | 3,531 | | $ | 2,283 | | $ | 1,932 | | $ | (4,841) | | $ | 8,359 | | $ | 676 | | $ | (2,840) | | | | Interest expense (income), net | | | | | | | | | (6) | | | TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | | | | | | | | | $ | 6,201 | | | Supplemental information: | | | | | | | | | | Depreciation and amortization(2) | $ | 128 | | 120 | | 54 | | 42 | | 211 | | 555 | | 17 | | 131 | | $ | 703 | | Inventories | $ | 3,806 | | 2,167 | | 973 | | 894 | | 232 | | 8,072 | | 305 | | 77 | | $ | 8,454 | |
(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments. (2)The amounts of depreciation and amortization by segment are included within Cost of sales and Operating overhead expense, as applicable.
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