2.2.0.7falseBenefit Plans121 - Disclosure - Benefit Planstruefalsefalsefalse1USDfalsefalseiso4217_USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170iso4217_USD_per_sharesDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0$53nke_EmployeeBenefitPlansDisclosureTextBlocknkefalsenadurationDescription containing benefit plans disclosure as a single block of text, which includes disclosure of profit sharing plan,...falsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalsefalse00<div>
<p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 13 — Benefit
Plans</b></font></p>
<p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">The Company has
a profit sharing plan available to most U.S.-based employees. The
terms of the plan call for annual contributions by the Company as
determined by the Board of Directors. A subsidiary of the Company
also has a profit sharing plan available to its U.S.-based
employees. The terms of the plan call for annual contributions as
determined by the subsidiary’s executive management.
Contributions of $34.9 million, $27.6 million and
$37.3 million were made to the plans and are included in
selling and administrative expense for the years ended May 31,
2010, 2009 and 2008, respectively. The Company has various 401(k)
employee savings plans available to U.S.-based employees. The
Company matches a portion of employee contributions with common
stock or cash. Company contributions to the savings plans were
$34.2 million, $37.6 million and $33.9 million for the years ended
May 31, 2010, 2009 and 2008, respectively, and are included in
selling and administrative expense.</font></p>
<p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">The Company
also has a Long-Term Incentive Plan (“LTIP”) that was
adopted by the Board of Directors and approved by shareholders in
September 1997 and later amended in fiscal 2007. The Company
recognized $24.1 million, $17.6 million and $35.9 million of
selling and administrative expense related to cash awards under the
LTIP during the years ended May 31, 2010, 2009 and 2008,
respectively.</font></p>
<p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">The Company has
pension plans in various countries worldwide. The pension plans are
only available to local employees and are generally government
mandated. The liability related to the unfunded pension liabilities
of the plans was $113.0 million and $82.8 million at May 31,
2010 and 2009, respectively.</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font size="1"> </font></p>
</div>Note 13 — Benefit
Plans
The Company has
a profit sharing plan available to most U.S.-based employees. The
terms of the plan call for annualfalsefalsefalseus-types:textBlockItemTypetextblockDescription containing benefit plans disclosure as a single block of text, which includes disclosure of profit sharing plan, pension plans and other postretirement benefits.No authoritative reference available.false11falseUnKnownUnKnownUnKnownfalsetrue