v2.4.0.6
Long Term Debt Net of Unamortized Premiums and Discounts and Swap Fair Value Adjustments (Detail)
In Millions, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
May 31, 2012
USD ($)
May 31, 2011
USD ($)
May 31, 2012
5.66% Corporate bond, payable July 23, 2012
USD ($)
May 31, 2011
5.66% Corporate bond, payable July 23, 2012
USD ($)
May 31, 2012
5.40% Corporate bond, payable August 7, 2012
USD ($)
May 31, 2011
5.40% Corporate bond, payable August 7, 2012
USD ($)
May 31, 2012
4.70% Corporate bond, payable October 1, 2013
USD ($)
May 31, 2011
4.70% Corporate bond, payable October 1, 2013
USD ($)
May 31, 2012
5.15% Corporate bond, payable October 15, 2015
USD ($)
May 31, 2011
5.15% Corporate bond, payable October 15, 2015
USD ($)
May 31, 2012
4.30% Japanese Yen note, payable June 26, 2011
USD ($)
May 31, 2012
4.30% Japanese Yen note, payable June 26, 2011
JPY (¥)
May 31, 2011
4.30% Japanese Yen note, payable June 26, 2011
USD ($)
May 31, 2012
1.52% Japanese Yen note, payable February 14, 2012
USD ($)
May 31, 2012
1.52% Japanese Yen note, payable February 14, 2012
JPY (¥)
May 31, 2011
1.52% Japanese Yen note, payable February 14, 2012
USD ($)
May 31, 2012
2.60% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
USD ($)
May 31, 2012
2.60% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
JPY (¥)
May 31, 2011
2.60% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
USD ($)
May 31, 2012
2.00% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
USD ($)
May 31, 2012
2.00% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
JPY (¥)
May 31, 2011
2.00% Japanese Yen note, maturing August 20, 2001 through November 20, 2020
USD ($)
Debt Instrument [Line Items]                                            
Long Term Debt, original principal     $ 25 [1]   $ 15 [1]   $ 50 [1]   $ 100 [1]     ¥ 10,500     ¥ 5,000     ¥ 9,000 [2]     ¥ 4,000 [2]  
Long-term debt, interest rate     5.66% [1]   5.40% [1]   4.70% [1]   5.15% [1]   4.30% 4.30%   1.52% 1.52%   2.60% [2] 2.60% [2]   2.00% [2] 2.00% [2]  
Long-term debt, interest payment     Semi-Annually [1]   Semi-Annually [1]   Semi-Annually [1]   Semi-Annually [1]   Semi-Annually Semi-Annually   Semi-Annually Semi-Annually   Quarterly [2] Quarterly [2]   Quarterly [2] Quarterly [2]  
Long Term Debt 277 476 25 [1] 26 [1] 15 [1] 16 [1] 50 [1] 50 [1] 115 [1] 114 [1] 0   130 0   62 50 [2]   54 [2] 22 [2]   24 [2]
Less current maturities 49 200                                        
Long-term debt (Note 8) $ 228 $ 276                                        
[1] For each of these notes, except the $50 million note maturing in October 1, 2013, the Company has entered into interest rate swap agreements whereby the Company receives fixed interest payments at the same rate as the notes and pays variable interest payments based on the six-month LIBOR plus a spread. Each swap has the same notional amount and maturity date as the corresponding note. At May 31, 2012, the interest rates payable on these swap agreements ranged from approximately 0.6% to 1.0%.
[2] NIKE Logistics YK assumed a total of ¥13.0 billion in loans as part of its agreement to purchase a distribution center in Japan, which serves as collateral for the loans. These loans mature in equal quarterly installments during the period August 20, 2001 through November 20, 2020.