NOTE\u00a01 \u2014 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
NOTE\u00a02 \u2014 ACCRUED LIABILITIES |
| FEBRUARY 28, | MAY 31, | ||||||||||
(Dollars\u00a0in\u00a0millions) | 2026 | 2025 | |||||||||
| Sales-related reserves | $ | 1,658\u00a0 | $ | 1,834\u00a0 | |||||||
| Compensation and benefits, excluding taxes | 1,544\u00a0 | 1,245\u00a0 | |||||||||
| Dividends payable | 616\u00a0 | 598\u00a0 | |||||||||
| Other | 2,365\u00a0 | 2,234 | |||||||||
| TOTAL ACCRUED LIABILITIES | $ | 6,183\u00a0 | $ | 5,911\u00a0 |
| FEBRUARY 28, | MAY 31, | ||||||||||
(Dollars\u00a0in\u00a0millions) | 2026 | 2025 | |||||||||
| Sales-related reserves | $ | 1,658\u00a0 | $ | 1,834\u00a0 | |||||||
| Compensation and benefits, excluding taxes | 1,544\u00a0 | 1,245\u00a0 | |||||||||
| Dividends payable | 616\u00a0 | 598\u00a0 | |||||||||
| Other | 2,365\u00a0 | 2,234 | |||||||||
| TOTAL ACCRUED LIABILITIES | $ | 6,183\u00a0 | $ | 5,911\u00a0 |
NOTE\u00a03 \u2014 FAIR VALUE MEASUREMENTS |
| FEBRUARY 28, 2026 | |||||||||||
(Dollars in millions) | ASSETS AT FAIR VALUE | CASH AND EQUIVALENTS | SHORT-TERM INVESTMENTS | ||||||||
| Cash | $ | 1,693\u00a0 | $ | 1,693\u00a0 | $ | \u2014\u00a0 | |||||
| Level 1: | |||||||||||
| U.S. Treasury securities | 727\u00a0 | \u2014\u00a0 | 727\u00a0 | ||||||||
| Level 2: | |||||||||||
| Commercial paper and bonds | 680\u00a0 | 28\u00a0 | 652\u00a0 | ||||||||
| Money market funds | 4,787\u00a0 | 4,787\u00a0 | \u2014\u00a0 | ||||||||
| Time deposits | 150\u00a0 | 150\u00a0 | \u2014\u00a0 | ||||||||
| U.S. Agency securities | 20\u00a0 | 2\u00a0 | 18\u00a0 | ||||||||
| Total Level 2 | 5,637\u00a0 | 4,967\u00a0 | 670\u00a0 | ||||||||
| TOTAL | $ | 8,057\u00a0 | $ | 6,660\u00a0 | $ | 1,397\u00a0 |
| MAY 31, 2025 | |||||||||||
(Dollars in millions) | ASSETS AT FAIR VALUE | CASH AND EQUIVALENTS | SHORT-TERM INVESTMENTS | ||||||||
| Cash | $ | 1,221\u00a0 | $ | 1,221\u00a0 | $ | \u2014\u00a0 | |||||
| Level 1: | |||||||||||
| U.S. Treasury securities | 1,046\u00a0 | \u2014\u00a0 | 1,046\u00a0 | ||||||||
| Level 2: | |||||||||||
| Commercial paper and bonds | 675\u00a0 | 45\u00a0 | 630\u00a0 | ||||||||
| Money market funds | 5,902\u00a0 | 5,902\u00a0 | \u2014\u00a0 | ||||||||
| Time deposits | 297\u00a0 | 295\u00a0 | 2\u00a0 | ||||||||
| U.S. Agency securities | 10\u00a0 | 1\u00a0 | 9\u00a0 | ||||||||
| Total Level 2 | 6,884\u00a0 | 6,243\u00a0 | 641\u00a0 | ||||||||
| TOTAL | $ | 9,151\u00a0 | $ | 7,464\u00a0 | $ | 1,687\u00a0 | |||||
| FEBRUARY 28, 2026 | |||||||||||||||||||||||
| 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) | $ | 165\u00a0 | $ | 140\u00a0 | $ | 25\u00a0 | $ | 474\u00a0 | $ | 376\u00a0 | $ | 98\u00a0 | |||||||||||
Interest rate swaps(1) | 85\u00a0 | \u2014\u00a0 | 85\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||
| TOTAL | $ | 250\u00a0 | $ | 140\u00a0 | $ | 110\u00a0 | $ | 474\u00a0 | $ | 376\u00a0 | $ | 98\u00a0 |
| MAY 31, 2025 | |||||||||||||||||||||||
| 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) | $ | 107\u00a0 | $ | 85\u00a0 | $ | 22\u00a0 | $ | 368\u00a0 | $ | 226\u00a0 | $ | 142\u00a0 | |||||||||||
Interest rate swaps(1) | 24\u00a0 | \u2014\u00a0 | 24\u00a0 | 3\u00a0 | \u2014\u00a0 | 3\u00a0 | |||||||||||||||||
| TOTAL | $ | 131\u00a0 | $ | 85\u00a0 | $ | 46\u00a0 | $ | 371\u00a0 | $ | 226\u00a0 | $ | 145\u00a0 | |||||||||||
| FEBRUARY 28, 2026 | |||||||||||
(Dollars in millions) | ASSETS AT FAIR VALUE | CASH AND EQUIVALENTS | SHORT-TERM INVESTMENTS | ||||||||
| Cash | $ | 1,693\u00a0 | $ | 1,693\u00a0 | $ | \u2014\u00a0 | |||||
| Level 1: | |||||||||||
| U.S. Treasury securities | 727\u00a0 | \u2014\u00a0 | 727\u00a0 | ||||||||
| Level 2: | |||||||||||
| Commercial paper and bonds | 680\u00a0 | 28\u00a0 | 652\u00a0 | ||||||||
| Money market funds | 4,787\u00a0 | 4,787\u00a0 | \u2014\u00a0 | ||||||||
| Time deposits | 150\u00a0 | 150\u00a0 | \u2014\u00a0 | ||||||||
| U.S. Agency securities | 20\u00a0 | 2\u00a0 | 18\u00a0 | ||||||||
| Total Level 2 | 5,637\u00a0 | 4,967\u00a0 | 670\u00a0 | ||||||||
| TOTAL | $ | 8,057\u00a0 | $ | 6,660\u00a0 | $ | 1,397\u00a0 |
| MAY 31, 2025 | |||||||||||
(Dollars in millions) | ASSETS AT FAIR VALUE | CASH AND EQUIVALENTS | SHORT-TERM INVESTMENTS | ||||||||
| Cash | $ | 1,221\u00a0 | $ | 1,221\u00a0 | $ | \u2014\u00a0 | |||||
| Level 1: | |||||||||||
| U.S. Treasury securities | 1,046\u00a0 | \u2014\u00a0 | 1,046\u00a0 | ||||||||
| Level 2: | |||||||||||
| Commercial paper and bonds | 675\u00a0 | 45\u00a0 | 630\u00a0 | ||||||||
| Money market funds | 5,902\u00a0 | 5,902\u00a0 | \u2014\u00a0 | ||||||||
| Time deposits | 297\u00a0 | 295\u00a0 | 2\u00a0 | ||||||||
| U.S. Agency securities | 10\u00a0 | 1\u00a0 | 9\u00a0 | ||||||||
| Total Level 2 | 6,884\u00a0 | 6,243\u00a0 | 641\u00a0 | ||||||||
| TOTAL | $ | 9,151\u00a0 | $ | 7,464\u00a0 | $ | 1,687\u00a0 | |||||
| FEBRUARY 28, 2026 | |||||||||||||||||||||||
| 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) | $ | 165\u00a0 | $ | 140\u00a0 | $ | 25\u00a0 | $ | 474\u00a0 | $ | 376\u00a0 | $ | 98\u00a0 | |||||||||||
Interest rate swaps(1) | 85\u00a0 | \u2014\u00a0 | 85\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||
| TOTAL | $ | 250\u00a0 | $ | 140\u00a0 | $ | 110\u00a0 | $ | 474\u00a0 | $ | 376\u00a0 | $ | 98\u00a0 |
| MAY 31, 2025 | |||||||||||||||||||||||
| 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) | $ | 107\u00a0 | $ | 85\u00a0 | $ | 22\u00a0 | $ | 368\u00a0 | $ | 226\u00a0 | $ | 142\u00a0 | |||||||||||
Interest rate swaps(1) | 24\u00a0 | \u2014\u00a0 | 24\u00a0 | 3\u00a0 | \u2014\u00a0 | 3\u00a0 | |||||||||||||||||
| TOTAL | $ | 131\u00a0 | $ | 85\u00a0 | $ | 46\u00a0 | $ | 371\u00a0 | $ | 226\u00a0 | $ | 145\u00a0 | |||||||||||
| \u00a0 | DERIVATIVE ASSETS | |||||||||||||
| BALANCE SHEET LOCATION | FEBRUARY 28, | MAY 31, | ||||||||||||
(Dollars in millions) | 2026 | 2025 | ||||||||||||
| Derivatives\u00a0formally designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Prepaid expenses and other current assets | $ | 104\u00a0 | $ | 75\u00a0 | |||||||||
| Foreign exchange forwards and options | Deferred income taxes and other assets | 25\u00a0 | 22\u00a0 | |||||||||||
Interest rate swaps | Deferred income taxes and other assets | 85\u00a0 | 24\u00a0 | |||||||||||
| Total derivatives formally designated as hedging instruments | 214\u00a0 | 121\u00a0 | ||||||||||||
| Derivatives not designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Prepaid expenses and other current assets | 36\u00a0 | 10\u00a0 | |||||||||||
| Total derivatives not designated as hedging instruments | 36\u00a0 | 10\u00a0 | ||||||||||||
| TOTAL DERIVATIVE ASSETS | $ | 250\u00a0 | $ | 131\u00a0 | ||||||||||
| DERIVATIVE LIABILITIES | ||||||||||||||
| BALANCE SHEET LOCATION | FEBRUARY 28, | MAY 31, | ||||||||||||
(Dollars in millions) | 2026 | 2025 | ||||||||||||
| Derivatives\u00a0formally designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Accrued\u00a0liabilities | $ | 354\u00a0 | $ | 216\u00a0 | |||||||||
| Foreign exchange forwards and options | Deferred income taxes and other liabilities | 97\u00a0 | 142\u00a0 | |||||||||||
Interest rate swaps | Deferred income taxes and other liabilities | \u2014\u00a0 | 3\u00a0 | |||||||||||
| Total derivatives formally designated as hedging instruments | 451\u00a0 | 361\u00a0 | ||||||||||||
| Derivatives not designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Accrued liabilities | 22\u00a0 | 10\u00a0 | |||||||||||
| Foreign exchange forwards and options | Deferred income taxes and other liabilities | 1\u00a0 | \u2014\u00a0 | |||||||||||
| Total derivatives not designated as hedging instruments | 23\u00a0 | 10\u00a0 | ||||||||||||
| TOTAL DERIVATIVE LIABILITIES | $ | 474\u00a0 | $ | 371\u00a0 |
NOTE\u00a05 \u2014 INCOME TAXES |
NOTE\u00a06 \u2014 STOCK-BASED COMPENSATION |
| \u00a0 | THREE MONTHS ENDED FEBRUARY 28, | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||
(Dollars in millions) | 2026 | 2025 | 2026 | 2025 | |||||||||||||
Stock options(1) | $ | 68\u00a0 | $ | 69\u00a0 | $ | 215\u00a0 | $ | 222\u00a0 | |||||||||
| ESPPs | 19\u00a0 | 17\u00a0 | 45\u00a0 | 53\u00a0 | |||||||||||||
Restricted stock and restricted stock units | 107\u00a0 | 83\u00a0 | 295\u00a0 | 269\u00a0 | |||||||||||||
| TOTAL STOCK-BASED COMPENSATION EXPENSE | $ | 194\u00a0 | $ | 169\u00a0 | $ | 555\u00a0 | $ | 544\u00a0 |
| \u00a0 | THREE MONTHS ENDED FEBRUARY 28, | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||
(Dollars in millions) | 2026 | 2025 | 2026 | 2025 | |||||||||||||
Stock options(1) | $ | 68\u00a0 | $ | 69\u00a0 | $ | 215\u00a0 | $ | 222\u00a0 | |||||||||
| ESPPs | 19\u00a0 | 17\u00a0 | 45\u00a0 | 53\u00a0 | |||||||||||||
Restricted stock and restricted stock units | 107\u00a0 | 83\u00a0 | 295\u00a0 | 269\u00a0 | |||||||||||||
| TOTAL STOCK-BASED COMPENSATION EXPENSE | $ | 194\u00a0 | $ | 169\u00a0 | $ | 555\u00a0 | $ | 544\u00a0 |
NOTE\u00a07 \u2014 EARNINGS PER SHARE |
| \u00a0 | THREE MONTHS ENDED FEBRUARY 28, | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||
(In millions, except per share data) | 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Net income available to common stockholders | $ | 520\u00a0 | $ | 794\u00a0 | $ | 2,039\u00a0 | $ | 3,008\u00a0 | |||||||||
| Determination of shares: | |||||||||||||||||
| Weighted average common shares outstanding | 1,480.5\u00a0 | 1,478.1\u00a0 | 1,478.9\u00a0 | 1,487.6\u00a0 | |||||||||||||
| Assumed conversion of dilutive stock options and awards | 1.1\u00a0 | 2.5\u00a0 | 1.5\u00a0 | 3.4\u00a0 | |||||||||||||
| DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 1,481.6\u00a0 | 1,480.6\u00a0 | 1,480.4\u00a0 | 1,491.0\u00a0 | |||||||||||||
| Earnings per common share: | |||||||||||||||||
| Basic | $ | 0.35\u00a0 | $ | 0.54\u00a0 | $ | 1.38\u00a0 | $ | 2.02\u00a0 | |||||||||
| Diluted | $ | 0.35\u00a0 | $ | 0.54\u00a0 | $ | 1.38\u00a0 | $ | 2.02\u00a0 |
| \u00a0 | THREE MONTHS ENDED FEBRUARY 28, | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||
(In millions, except per share data) | 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Net income available to common stockholders | $ | 520\u00a0 | $ | 794\u00a0 | $ | 2,039\u00a0 | $ | 3,008\u00a0 | |||||||||
| Determination of shares: | |||||||||||||||||
| Weighted average common shares outstanding | 1,480.5\u00a0 | 1,478.1\u00a0 | 1,478.9\u00a0 | 1,487.6\u00a0 | |||||||||||||
| Assumed conversion of dilutive stock options and awards | 1.1\u00a0 | 2.5\u00a0 | 1.5\u00a0 | 3.4\u00a0 | |||||||||||||
| DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 1,481.6\u00a0 | 1,480.6\u00a0 | 1,480.4\u00a0 | 1,491.0\u00a0 | |||||||||||||
| Earnings per common share: | |||||||||||||||||
| Basic | $ | 0.35\u00a0 | $ | 0.54\u00a0 | $ | 1.38\u00a0 | $ | 2.02\u00a0 | |||||||||
| Diluted | $ | 0.35\u00a0 | $ | 0.54\u00a0 | $ | 1.38\u00a0 | $ | 2.02\u00a0 |
NOTE\u00a08 \u2014 RISK MANAGEMENT AND DERIVATIVES |
| \u00a0 | DERIVATIVE ASSETS | |||||||||||||
| BALANCE SHEET LOCATION | FEBRUARY 28, | MAY 31, | ||||||||||||
(Dollars in millions) | 2026 | 2025 | ||||||||||||
| Derivatives\u00a0formally designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Prepaid expenses and other current assets | $ | 104\u00a0 | $ | 75\u00a0 | |||||||||
| Foreign exchange forwards and options | Deferred income taxes and other assets | 25\u00a0 | 22\u00a0 | |||||||||||
Interest rate swaps | Deferred income taxes and other assets | 85\u00a0 | 24\u00a0 | |||||||||||
| Total derivatives formally designated as hedging instruments | 214\u00a0 | 121\u00a0 | ||||||||||||
| Derivatives not designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Prepaid expenses and other current assets | 36\u00a0 | 10\u00a0 | |||||||||||
| Total derivatives not designated as hedging instruments | 36\u00a0 | 10\u00a0 | ||||||||||||
| TOTAL DERIVATIVE ASSETS | $ | 250\u00a0 | $ | 131\u00a0 | ||||||||||
| DERIVATIVE LIABILITIES | ||||||||||||||
| BALANCE SHEET LOCATION | FEBRUARY 28, | MAY 31, | ||||||||||||
(Dollars in millions) | 2026 | 2025 | ||||||||||||
| Derivatives\u00a0formally designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Accrued\u00a0liabilities | $ | 354\u00a0 | $ | 216\u00a0 | |||||||||
| Foreign exchange forwards and options | Deferred income taxes and other liabilities | 97\u00a0 | 142\u00a0 | |||||||||||
Interest rate swaps | Deferred income taxes and other liabilities | \u2014\u00a0 | 3\u00a0 | |||||||||||
| Total derivatives formally designated as hedging instruments | 451\u00a0 | 361\u00a0 | ||||||||||||
| Derivatives not designated as hedging instruments: | ||||||||||||||
| Foreign exchange forwards and options | Accrued liabilities | 22\u00a0 | 10\u00a0 | |||||||||||
| Foreign exchange forwards and options | Deferred income taxes and other liabilities | 1\u00a0 | \u2014\u00a0 | |||||||||||
| Total derivatives not designated as hedging instruments | 23\u00a0 | 10\u00a0 | ||||||||||||
| TOTAL DERIVATIVE LIABILITIES | $ | 474\u00a0 | $ | 371\u00a0 |
(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 FEBRUARY 28, | LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME | THREE MONTHS ENDED FEBRUARY 28, | |||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Derivatives designated as cash flow hedges: | |||||||||||||||||||||||
| Foreign exchange forwards and options | $ | (8) | $ | (30) | Revenues | $ | 3\u00a0 | $ | (25) | ||||||||||||||
| Foreign exchange forwards and options | (190) | 180\u00a0 | Cost of sales | (8) | 67\u00a0 | ||||||||||||||||||
| Foreign exchange forwards and options | (58) | 66\u00a0 | Other (income) expense, net | (20) | 57\u00a0 | ||||||||||||||||||
Interest rate swaps(2) | \u2014\u00a0 | \u2014\u00a0 | Interest (income) expense, net | (2) | (2) | ||||||||||||||||||
| TOTAL DESIGNATED CASH FLOW HEDGES | $ | (256) | $ | 216\u00a0 | $ | (27) | $ | 97\u00a0 |
(Dollars in millions) | AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1) | AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME(1) | |||||||||||||||||||||
| NINE MONTHS ENDED FEBRUARY 28, | LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Derivatives designated as cash flow hedges: | |||||||||||||||||||||||
| Foreign exchange forwards and options | $ | 39\u00a0 | $ | (103) | Revenues | $ | (1) | $ | (70) | ||||||||||||||
| Foreign exchange forwards and options | (151) | 478\u00a0 | Cost of sales | 42\u00a0 | 187\u00a0 | ||||||||||||||||||
| Foreign exchange forwards and options | (51) | 194\u00a0 | Other (income) expense, net | (53) | 102\u00a0 | ||||||||||||||||||
Interest rate swaps(2) | \u2014\u00a0 | \u2014\u00a0 | Interest (income) expense, net | (5) | (6) | ||||||||||||||||||
| TOTAL DESIGNATED CASH FLOW HEDGES | $ | (163) | $ | 569\u00a0 | $ | (17) | $ | 213\u00a0 |
| AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES | LOCATION OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES | |||||||||||||||||||
| THREE MONTHS ENDED FEBRUARY 28, | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||||||
(Dollars in millions) | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||
| Derivatives not designated as hedging instruments: | ||||||||||||||||||||
| Foreign exchange forwards and options | $ | (61) | $ | 3\u00a0 | $ | (41) | $ | 9\u00a0 | ||||||||||||
(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 FEBRUARY 28, | LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME | THREE MONTHS ENDED FEBRUARY 28, | |||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Derivatives designated as cash flow hedges: | |||||||||||||||||||||||
| Foreign exchange forwards and options | $ | (8) | $ | (30) | Revenues | $ | 3\u00a0 | $ | (25) | ||||||||||||||
| Foreign exchange forwards and options | (190) | 180\u00a0 | Cost of sales | (8) | 67\u00a0 | ||||||||||||||||||
| Foreign exchange forwards and options | (58) | 66\u00a0 | Other (income) expense, net | (20) | 57\u00a0 | ||||||||||||||||||
Interest rate swaps(2) | \u2014\u00a0 | \u2014\u00a0 | Interest (income) expense, net | (2) | (2) | ||||||||||||||||||
| TOTAL DESIGNATED CASH FLOW HEDGES | $ | (256) | $ | 216\u00a0 | $ | (27) | $ | 97\u00a0 |
(Dollars in millions) | AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1) | AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME(1) | |||||||||||||||||||||
| NINE MONTHS ENDED FEBRUARY 28, | LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Derivatives designated as cash flow hedges: | |||||||||||||||||||||||
| Foreign exchange forwards and options | $ | 39\u00a0 | $ | (103) | Revenues | $ | (1) | $ | (70) | ||||||||||||||
| Foreign exchange forwards and options | (151) | 478\u00a0 | Cost of sales | 42\u00a0 | 187\u00a0 | ||||||||||||||||||
| Foreign exchange forwards and options | (51) | 194\u00a0 | Other (income) expense, net | (53) | 102\u00a0 | ||||||||||||||||||
Interest rate swaps(2) | \u2014\u00a0 | \u2014\u00a0 | Interest (income) expense, net | (5) | (6) | ||||||||||||||||||
| TOTAL DESIGNATED CASH FLOW HEDGES | $ | (163) | $ | 569\u00a0 | $ | (17) | $ | 213\u00a0 |
| AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES | LOCATION OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES | |||||||||||||||||||
| THREE MONTHS ENDED FEBRUARY 28, | NINE MONTHS ENDED FEBRUARY 28, | |||||||||||||||||||
(Dollars in millions) | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||
| Derivatives not designated as hedging instruments: | ||||||||||||||||||||
| Foreign exchange forwards and options | $ | (61) | $ | 3\u00a0 | $ | (41) | $ | 9\u00a0 | ||||||||||||
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at November 30, 2025 | $ | (35) | $ | (135) | $ | 115\u00a0 | $ | (49) | $ | (104) | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | 113\u00a0 | (236) | \u2014\u00a0 | 1\u00a0 | (122) | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | 20\u00a0 | \u2014\u00a0 | (1) | 19\u00a0 | ||||||||||||
| Total other comprehensive income (loss) | 113\u00a0 | (216) | \u2014\u00a0 | \u2014\u00a0 | (103) | ||||||||||||
| Balance at February 28, 2026 | $ | 78\u00a0 | $ | (351) | $ | 115\u00a0 | $ | (49) | $ | (207) |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at November 30, 2024 | $ | (342) | $ | 470\u00a0 | $ | 115\u00a0 | $ | (41) | $ | 202\u00a0 | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | (57) | 205\u00a0 | \u2014\u00a0 | 4\u00a0 | 152\u00a0 | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | (86) | \u2014\u00a0 | (5) | (91) | ||||||||||||
| Total other comprehensive income (loss) | (57) | 119\u00a0 | \u2014\u00a0 | (1) | 61\u00a0 | ||||||||||||
| Balance at February 28, 2025 | $ | (399) | $ | 589\u00a0 | $ | 115\u00a0 | $ | (42) | $ | 263\u00a0 |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at May 31, 2025 | $ | (114) | $ | (207) | $ | 115\u00a0 | $ | (52) | $ | (258) | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | 192\u00a0 | (144) | \u2014\u00a0 | 4\u00a0 | 52\u00a0 | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | ||||||||||||
| Total other comprehensive income (loss) | 192\u00a0 | (144) | \u2014\u00a0 | 3\u00a0 | 51\u00a0 | ||||||||||||
| Balance at February 28, 2026 | $ | 78\u00a0 | $ | (351) | $ | 115\u00a0 | $ | (49) | $ | (207) |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at May 31, 2024 | $ | (256) | $ | 247\u00a0 | $ | 115\u00a0 | $ | (53) | $ | 53\u00a0 | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | (143) | 546\u00a0 | \u2014\u00a0 | 14\u00a0 | 417\u00a0 | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | (204) | \u2014\u00a0 | (3) | (207) | ||||||||||||
| Total other comprehensive income (loss) | (143) | 342\u00a0 | \u2014\u00a0 | 11\u00a0 | 210\u00a0 | ||||||||||||
| Balance at February 28, 2025 | $ | (399) | $ | 589\u00a0 | $ | 115\u00a0 | $ | (42) | $ | 263\u00a0 |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at November 30, 2025 | $ | (35) | $ | (135) | $ | 115\u00a0 | $ | (49) | $ | (104) | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | 113\u00a0 | (236) | \u2014\u00a0 | 1\u00a0 | (122) | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | 20\u00a0 | \u2014\u00a0 | (1) | 19\u00a0 | ||||||||||||
| Total other comprehensive income (loss) | 113\u00a0 | (216) | \u2014\u00a0 | \u2014\u00a0 | (103) | ||||||||||||
| Balance at February 28, 2026 | $ | 78\u00a0 | $ | (351) | $ | 115\u00a0 | $ | (49) | $ | (207) |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at November 30, 2024 | $ | (342) | $ | 470\u00a0 | $ | 115\u00a0 | $ | (41) | $ | 202\u00a0 | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | (57) | 205\u00a0 | \u2014\u00a0 | 4\u00a0 | 152\u00a0 | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | (86) | \u2014\u00a0 | (5) | (91) | ||||||||||||
| Total other comprehensive income (loss) | (57) | 119\u00a0 | \u2014\u00a0 | (1) | 61\u00a0 | ||||||||||||
| Balance at February 28, 2025 | $ | (399) | $ | 589\u00a0 | $ | 115\u00a0 | $ | (42) | $ | 263\u00a0 |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at May 31, 2025 | $ | (114) | $ | (207) | $ | 115\u00a0 | $ | (52) | $ | (258) | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | 192\u00a0 | (144) | \u2014\u00a0 | 4\u00a0 | 52\u00a0 | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | ||||||||||||
| Total other comprehensive income (loss) | 192\u00a0 | (144) | \u2014\u00a0 | 3\u00a0 | 51\u00a0 | ||||||||||||
| Balance at February 28, 2026 | $ | 78\u00a0 | $ | (351) | $ | 115\u00a0 | $ | (49) | $ | (207) |
(Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL | ||||||||||||
| Balance at May 31, 2024 | $ | (256) | $ | 247\u00a0 | $ | 115\u00a0 | $ | (53) | $ | 53\u00a0 | |||||||
| Other comprehensive income (loss): | |||||||||||||||||
Other comprehensive gains (losses) before reclassifications(2) | (143) | 546\u00a0 | \u2014\u00a0 | 14\u00a0 | 417\u00a0 | ||||||||||||
Reclassifications to net income of previously deferred (gains) losses(2)(3) | \u2014\u00a0 | (204) | \u2014\u00a0 | (3) | (207) | ||||||||||||
| Total other comprehensive income (loss) | (143) | 342\u00a0 | \u2014\u00a0 | 11\u00a0 | 210\u00a0 | ||||||||||||
| Balance at February 28, 2025 | $ | (399) | $ | 589\u00a0 | $ | 115\u00a0 | $ | (42) | $ | 263\u00a0 |
NOTE\u00a010 \u2014 REVENUES |
| THREE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 3,326\u00a0 | $ | 1,789\u00a0 | $ | 1,187\u00a0 | $ | 1,051\u00a0 | $ | \u2014\u00a0 | $ | 7,353\u00a0 | $ | 231\u00a0 | $ | \u2014\u00a0 | $ | 7,584\u00a0 | |||||||||||
| Apparel | 1,480\u00a0 | 926\u00a0 | 397\u00a0 | 381\u00a0 | \u2014\u00a0 | 3,184\u00a0 | 12\u00a0 | \u2014\u00a0 | 3,196\u00a0 | ||||||||||||||||||||
| Equipment | 220\u00a0 | 159\u00a0 | 31\u00a0 | 58\u00a0 | \u2014\u00a0 | 468\u00a0 | 4\u00a0 | \u2014\u00a0 | 472\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 7\u00a0 | 7\u00a0 | 17\u00a0 | 3\u00a0 | 27\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 5,026\u00a0 | $ | 2,874\u00a0 | $ | 1,615\u00a0 | $ | 1,490\u00a0 | $ | 7\u00a0 | $ | 11,012\u00a0 | $ | 264\u00a0 | $ | 3\u00a0 | $ | 11,279\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 2,768\u00a0 | $ | 1,919\u00a0 | $ | 888\u00a0 | $ | 891\u00a0 | $ | \u2014\u00a0 | $ | 6,466\u00a0 | $ | 142\u00a0 | $ | \u2014\u00a0 | $ | 6,608\u00a0 | |||||||||||
| Sales through Direct to Consumer | 2,258\u00a0 | 955\u00a0 | 727\u00a0 | 599\u00a0 | \u2014\u00a0 | 4,539\u00a0 | 105\u00a0 | \u2014\u00a0 | 4,644\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 7\u00a0 | 7\u00a0 | 17\u00a0 | 3\u00a0 | 27\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 5,026\u00a0 | $ | 2,874\u00a0 | $ | 1,615\u00a0 | $ | 1,490\u00a0 | $ | 7\u00a0 | $ | 11,012\u00a0 | $ | 264\u00a0 | $ | 3\u00a0 | $ | 11,279\u00a0 |
| THREE MONTHS ENDED FEBRUARY 28, 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 by: | |||||||||||||||||||||||||||||
| Footwear | $ | 3,132\u00a0 | $ | 1,742\u00a0 | $ | 1,282\u00a0 | $ | 1,052\u00a0 | $ | \u2014\u00a0 | $ | 7,208\u00a0 | $ | 349\u00a0 | $ | \u2014\u00a0 | $ | 7,557\u00a0 | |||||||||||
| Apparel | 1,510\u00a0 | 913\u00a0 | 412\u00a0 | 358\u00a0 | \u2014\u00a0 | 3,193\u00a0 | 22\u00a0 | \u2014\u00a0 | 3,215\u00a0 | ||||||||||||||||||||
| Equipment | 222\u00a0 | 156\u00a0 | 39\u00a0 | 60\u00a0 | \u2014\u00a0 | 477\u00a0 | 7\u00a0 | \u2014\u00a0 | 484\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 12\u00a0 | 12\u00a0 | 27\u00a0 | (26) | 13\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 4,864\u00a0 | $ | 2,811\u00a0 | $ | 1,733\u00a0 | $ | 1,470\u00a0 | $ | 12\u00a0 | $ | 10,890\u00a0 | $ | 405\u00a0 | $ | (26) | $ | 11,269\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 2,499\u00a0 | $ | 1,817\u00a0 | $ | 995\u00a0 | $ | 844\u00a0 | $ | \u2014\u00a0 | $ | 6,155\u00a0 | $ | 208\u00a0 | $ | \u2014\u00a0 | $ | 6,363\u00a0 | |||||||||||
| Sales through Direct to Consumer | 2,365\u00a0 | 994\u00a0 | 738\u00a0 | 626\u00a0 | \u2014\u00a0 | 4,723\u00a0 | 170\u00a0 | \u2014\u00a0 | 4,893\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 12\u00a0 | 12\u00a0 | 27\u00a0 | (26) | 13\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 4,864\u00a0 | $ | 2,811\u00a0 | $ | 1,733\u00a0 | $ | 1,470\u00a0 | $ | 12\u00a0 | $ | 10,890\u00a0 | $ | 405\u00a0 | $ | (26) | $ | 11,269\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 10,087\u00a0 | $ | 5,822\u00a0 | $ | 3,250\u00a0 | $ | 3,263\u00a0 | $ | \u2014\u00a0 | $ | 22,422\u00a0 | $ | 805\u00a0 | $ | \u2014\u00a0 | $ | 23,227\u00a0 | |||||||||||
| Apparel | 4,765\u00a0 | 3,228\u00a0 | 1,201\u00a0 | 1,209\u00a0 | \u2014\u00a0 | 10,403\u00a0 | 39\u00a0 | \u2014\u00a0 | 10,442\u00a0 | ||||||||||||||||||||
| Equipment | 827\u00a0 | 547\u00a0 | 99\u00a0 | 175\u00a0 | \u2014\u00a0 | 1,648\u00a0 | 17\u00a0 | \u2014\u00a0 | 1,665\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 25\u00a0 | 25\u00a0 | 69\u00a0 | (2) | 92\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 15,679\u00a0 | $ | 9,597\u00a0 | $ | 4,550\u00a0 | $ | 4,647\u00a0 | $ | 25\u00a0 | $ | 34,498\u00a0 | $ | 930\u00a0 | $ | (2) | $ | 35,426\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 9,054\u00a0 | $ | 6,368\u00a0 | $ | 2,548\u00a0 | $ | 2,834\u00a0 | $ | \u2014\u00a0 | $ | 20,804\u00a0 | $ | 480\u00a0 | $ | \u2014\u00a0 | $ | 21,284\u00a0 | |||||||||||
| Sales through Direct to Consumer | 6,625\u00a0 | 3,229\u00a0 | 2,002\u00a0 | 1,813\u00a0 | \u2014\u00a0 | 13,669\u00a0 | 381\u00a0 | \u2014\u00a0 | 14,050\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 25\u00a0 | 25\u00a0 | 69\u00a0 | (2) | 92\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 15,679\u00a0 | $ | 9,597\u00a0 | $ | 4,550\u00a0 | $ | 4,647\u00a0 | $ | 25\u00a0 | $ | 34,498\u00a0 | $ | 930\u00a0 | $ | (2) | $ | 35,426\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 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 by: | |||||||||||||||||||||||||||||
| Footwear | $ | 9,580\u00a0 | $ | 5,676\u00a0 | $ | 3,731\u00a0 | $ | 3,338\u00a0 | $ | \u2014\u00a0 | $ | 22,325\u00a0 | $ | 1,149\u00a0 | $ | \u2014\u00a0 | $ | 23,474\u00a0 | |||||||||||
| Apparel | 4,534\u00a0 | 3,042\u00a0 | 1,244\u00a0 | 1,143\u00a0 | \u2014\u00a0 | 9,963\u00a0 | 65\u00a0 | \u2014\u00a0 | 10,028\u00a0 | ||||||||||||||||||||
| Equipment | 755\u00a0 | 539\u00a0 | 135\u00a0 | 195\u00a0 | \u2014\u00a0 | 1,624\u00a0 | 25\u00a0 | \u2014\u00a0 | 1,649\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 39\u00a0 | 39\u00a0 | 96\u00a0 | (74) | 61\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 14,869\u00a0 | $ | 9,257\u00a0 | $ | 5,110\u00a0 | $ | 4,676\u00a0 | $ | 39\u00a0 | $ | 33,951\u00a0 | $ | 1,335\u00a0 | $ | (74) | $ | 35,212\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 7,840\u00a0 | $ | 6,011\u00a0 | $ | 2,870\u00a0 | $ | 2,764\u00a0 | $ | \u2014\u00a0 | $ | 19,485\u00a0 | $ | 695\u00a0 | $ | \u2014\u00a0 | $ | 20,180\u00a0 | |||||||||||
| Sales through Direct to Consumer | 7,029\u00a0 | 3,246\u00a0 | 2,240\u00a0 | 1,912\u00a0 | \u2014\u00a0 | 14,427\u00a0 | 544\u00a0 | \u2014\u00a0 | 14,971\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 39\u00a0 | 39\u00a0 | 96\u00a0 | (74) | 61\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 14,869\u00a0 | $ | 9,257\u00a0 | $ | 5,110\u00a0 | $ | 4,676\u00a0 | $ | 39\u00a0 | $ | 33,951\u00a0 | $ | 1,335\u00a0 | $ | (74) | $ | 35,212\u00a0 |
| THREE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 3,326\u00a0 | $ | 1,789\u00a0 | $ | 1,187\u00a0 | $ | 1,051\u00a0 | $ | \u2014\u00a0 | $ | 7,353\u00a0 | $ | 231\u00a0 | $ | \u2014\u00a0 | $ | 7,584\u00a0 | |||||||||||
| Apparel | 1,480\u00a0 | 926\u00a0 | 397\u00a0 | 381\u00a0 | \u2014\u00a0 | 3,184\u00a0 | 12\u00a0 | \u2014\u00a0 | 3,196\u00a0 | ||||||||||||||||||||
| Equipment | 220\u00a0 | 159\u00a0 | 31\u00a0 | 58\u00a0 | \u2014\u00a0 | 468\u00a0 | 4\u00a0 | \u2014\u00a0 | 472\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 7\u00a0 | 7\u00a0 | 17\u00a0 | 3\u00a0 | 27\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 5,026\u00a0 | $ | 2,874\u00a0 | $ | 1,615\u00a0 | $ | 1,490\u00a0 | $ | 7\u00a0 | $ | 11,012\u00a0 | $ | 264\u00a0 | $ | 3\u00a0 | $ | 11,279\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 2,768\u00a0 | $ | 1,919\u00a0 | $ | 888\u00a0 | $ | 891\u00a0 | $ | \u2014\u00a0 | $ | 6,466\u00a0 | $ | 142\u00a0 | $ | \u2014\u00a0 | $ | 6,608\u00a0 | |||||||||||
| Sales through Direct to Consumer | 2,258\u00a0 | 955\u00a0 | 727\u00a0 | 599\u00a0 | \u2014\u00a0 | 4,539\u00a0 | 105\u00a0 | \u2014\u00a0 | 4,644\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 7\u00a0 | 7\u00a0 | 17\u00a0 | 3\u00a0 | 27\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 5,026\u00a0 | $ | 2,874\u00a0 | $ | 1,615\u00a0 | $ | 1,490\u00a0 | $ | 7\u00a0 | $ | 11,012\u00a0 | $ | 264\u00a0 | $ | 3\u00a0 | $ | 11,279\u00a0 |
| THREE MONTHS ENDED FEBRUARY 28, 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 by: | |||||||||||||||||||||||||||||
| Footwear | $ | 3,132\u00a0 | $ | 1,742\u00a0 | $ | 1,282\u00a0 | $ | 1,052\u00a0 | $ | \u2014\u00a0 | $ | 7,208\u00a0 | $ | 349\u00a0 | $ | \u2014\u00a0 | $ | 7,557\u00a0 | |||||||||||
| Apparel | 1,510\u00a0 | 913\u00a0 | 412\u00a0 | 358\u00a0 | \u2014\u00a0 | 3,193\u00a0 | 22\u00a0 | \u2014\u00a0 | 3,215\u00a0 | ||||||||||||||||||||
| Equipment | 222\u00a0 | 156\u00a0 | 39\u00a0 | 60\u00a0 | \u2014\u00a0 | 477\u00a0 | 7\u00a0 | \u2014\u00a0 | 484\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 12\u00a0 | 12\u00a0 | 27\u00a0 | (26) | 13\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 4,864\u00a0 | $ | 2,811\u00a0 | $ | 1,733\u00a0 | $ | 1,470\u00a0 | $ | 12\u00a0 | $ | 10,890\u00a0 | $ | 405\u00a0 | $ | (26) | $ | 11,269\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 2,499\u00a0 | $ | 1,817\u00a0 | $ | 995\u00a0 | $ | 844\u00a0 | $ | \u2014\u00a0 | $ | 6,155\u00a0 | $ | 208\u00a0 | $ | \u2014\u00a0 | $ | 6,363\u00a0 | |||||||||||
| Sales through Direct to Consumer | 2,365\u00a0 | 994\u00a0 | 738\u00a0 | 626\u00a0 | \u2014\u00a0 | 4,723\u00a0 | 170\u00a0 | \u2014\u00a0 | 4,893\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 12\u00a0 | 12\u00a0 | 27\u00a0 | (26) | 13\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 4,864\u00a0 | $ | 2,811\u00a0 | $ | 1,733\u00a0 | $ | 1,470\u00a0 | $ | 12\u00a0 | $ | 10,890\u00a0 | $ | 405\u00a0 | $ | (26) | $ | 11,269\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 10,087\u00a0 | $ | 5,822\u00a0 | $ | 3,250\u00a0 | $ | 3,263\u00a0 | $ | \u2014\u00a0 | $ | 22,422\u00a0 | $ | 805\u00a0 | $ | \u2014\u00a0 | $ | 23,227\u00a0 | |||||||||||
| Apparel | 4,765\u00a0 | 3,228\u00a0 | 1,201\u00a0 | 1,209\u00a0 | \u2014\u00a0 | 10,403\u00a0 | 39\u00a0 | \u2014\u00a0 | 10,442\u00a0 | ||||||||||||||||||||
| Equipment | 827\u00a0 | 547\u00a0 | 99\u00a0 | 175\u00a0 | \u2014\u00a0 | 1,648\u00a0 | 17\u00a0 | \u2014\u00a0 | 1,665\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 25\u00a0 | 25\u00a0 | 69\u00a0 | (2) | 92\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 15,679\u00a0 | $ | 9,597\u00a0 | $ | 4,550\u00a0 | $ | 4,647\u00a0 | $ | 25\u00a0 | $ | 34,498\u00a0 | $ | 930\u00a0 | $ | (2) | $ | 35,426\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 9,054\u00a0 | $ | 6,368\u00a0 | $ | 2,548\u00a0 | $ | 2,834\u00a0 | $ | \u2014\u00a0 | $ | 20,804\u00a0 | $ | 480\u00a0 | $ | \u2014\u00a0 | $ | 21,284\u00a0 | |||||||||||
| Sales through Direct to Consumer | 6,625\u00a0 | 3,229\u00a0 | 2,002\u00a0 | 1,813\u00a0 | \u2014\u00a0 | 13,669\u00a0 | 381\u00a0 | \u2014\u00a0 | 14,050\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 25\u00a0 | 25\u00a0 | 69\u00a0 | (2) | 92\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 15,679\u00a0 | $ | 9,597\u00a0 | $ | 4,550\u00a0 | $ | 4,647\u00a0 | $ | 25\u00a0 | $ | 34,498\u00a0 | $ | 930\u00a0 | $ | (2) | $ | 35,426\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 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 by: | |||||||||||||||||||||||||||||
| Footwear | $ | 9,580\u00a0 | $ | 5,676\u00a0 | $ | 3,731\u00a0 | $ | 3,338\u00a0 | $ | \u2014\u00a0 | $ | 22,325\u00a0 | $ | 1,149\u00a0 | $ | \u2014\u00a0 | $ | 23,474\u00a0 | |||||||||||
| Apparel | 4,534\u00a0 | 3,042\u00a0 | 1,244\u00a0 | 1,143\u00a0 | \u2014\u00a0 | 9,963\u00a0 | 65\u00a0 | \u2014\u00a0 | 10,028\u00a0 | ||||||||||||||||||||
| Equipment | 755\u00a0 | 539\u00a0 | 135\u00a0 | 195\u00a0 | \u2014\u00a0 | 1,624\u00a0 | 25\u00a0 | \u2014\u00a0 | 1,649\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 39\u00a0 | 39\u00a0 | 96\u00a0 | (74) | 61\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 14,869\u00a0 | $ | 9,257\u00a0 | $ | 5,110\u00a0 | $ | 4,676\u00a0 | $ | 39\u00a0 | $ | 33,951\u00a0 | $ | 1,335\u00a0 | $ | (74) | $ | 35,212\u00a0 | |||||||||||
| Revenues by: | |||||||||||||||||||||||||||||
| Sales to Wholesale Customers | $ | 7,840\u00a0 | $ | 6,011\u00a0 | $ | 2,870\u00a0 | $ | 2,764\u00a0 | $ | \u2014\u00a0 | $ | 19,485\u00a0 | $ | 695\u00a0 | $ | \u2014\u00a0 | $ | 20,180\u00a0 | |||||||||||
| Sales through Direct to Consumer | 7,029\u00a0 | 3,246\u00a0 | 2,240\u00a0 | 1,912\u00a0 | \u2014\u00a0 | 14,427\u00a0 | 544\u00a0 | \u2014\u00a0 | 14,971\u00a0 | ||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 39\u00a0 | 39\u00a0 | 96\u00a0 | (74) | 61\u00a0 | ||||||||||||||||||||
| TOTAL REVENUES | $ | 14,869\u00a0 | $ | 9,257\u00a0 | $ | 5,110\u00a0 | $ | 4,676\u00a0 | $ | 39\u00a0 | $ | 33,951\u00a0 | $ | 1,335\u00a0 | $ | (74) | $ | 35,212\u00a0 |
NOTE\u00a011 \u2014 SEGMENT INFORMATION |
| THREE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 5,026\u00a0 | $ | 2,874\u00a0 | $ | 1,615\u00a0 | $ | 1,490\u00a0 | $ | 7\u00a0 | $ | 11,012\u00a0 | $ | 264\u00a0 | $ | 3\u00a0 | $ | 11,279\u00a0 | |||||||||||
| Cost of sales | 3,036\u00a0 | 1,705\u00a0 | 839\u00a0 | 870\u00a0 | 160\u00a0 | 6,610\u00a0 | 167\u00a0 | (28) | 6,749\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 1,990\u00a0 | 1,169\u00a0 | 776\u00a0 | 620\u00a0 | (153) | 4,402\u00a0 | 97\u00a0 | 31\u00a0 | 4,530\u00a0 | ||||||||||||||||||||
Demand creation expense | 416\u00a0 | 296\u00a0 | 97\u00a0 | 91\u00a0 | 170\u00a0 | 1,070\u00a0 | 17\u00a0 | 3\u00a0 | 1,090\u00a0 | ||||||||||||||||||||
Operating overhead expense | 593\u00a0 | 360\u00a0 | 235\u00a0 | 200\u00a0 | 886\u00a0 | 2,274\u00a0 | 120\u00a0 | 493\u00a0 | 2,887\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 1,009\u00a0 | 656\u00a0 | 332\u00a0 | 291\u00a0 | 1,056\u00a0 | 3,344\u00a0 | 137\u00a0 | 496\u00a0 | 3,977\u00a0 | ||||||||||||||||||||
Other segment items(1) | \u2014\u00a0 | (2) | (23) | (3) | \u2014\u00a0 | (28) | \u2014\u00a0 | (54) | (82) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 981\u00a0 | $ | 515\u00a0 | $ | 467\u00a0 | $ | 332\u00a0 | $ | (1,209) | $ | 1,086\u00a0 | $ | (40) | $ | (411) | |||||||||||||
Interest (income) expense, net | (15) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 650\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 37\u00a0 | 37\u00a0 | 11\u00a0 | 13\u00a0 | 58\u00a0 | 156\u00a0 | 2\u00a0 | 27\u00a0 | $ | 185\u00a0 |
| THREE MONTHS ENDED FEBRUARY 28, 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 | $ | 4,864\u00a0 | $ | 2,811\u00a0 | $ | 1,733\u00a0 | $ | 1,470\u00a0 | $ | 12\u00a0 | $ | 10,890\u00a0 | $ | 405\u00a0 | $ | (26) | $ | 11,269\u00a0 | |||||||||||
| Cost of sales | 2,766\u00a0 | 1,696\u00a0 | 953\u00a0 | 829\u00a0 | 148\u00a0 | 6,392\u00a0 | 217\u00a0 | (15) | 6,594\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 2,098\u00a0 | 1,115\u00a0 | 780\u00a0 | 641\u00a0 | (136) | 4,498\u00a0 | 188\u00a0 | (11) | 4,675\u00a0 | ||||||||||||||||||||
Demand creation expense | 401\u00a0 | 267\u00a0 | 123\u00a0 | 97\u00a0 | 158\u00a0 | 1,046\u00a0 | 40\u00a0 | 2\u00a0 | 1,088\u00a0 | ||||||||||||||||||||
Operating overhead expense | 596\u00a0 | 353\u00a0 | 235\u00a0 | 200\u00a0 | 802\u00a0 | 2,186\u00a0 | 108\u00a0 | 505\u00a0 | 2,799\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 997\u00a0 | 620\u00a0 | 358\u00a0 | 297\u00a0 | 960\u00a0 | 3,232\u00a0 | 148\u00a0 | 507\u00a0 | 3,887\u00a0 | ||||||||||||||||||||
Other segment items(1) | (2) | 15\u00a0 | 1\u00a0 | (2) | (3) | 9\u00a0 | 1\u00a0 | (48) | (38) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 1,103\u00a0 | $ | 480\u00a0 | $ | 421\u00a0 | $ | 346\u00a0 | $ | (1,093) | $ | 1,257\u00a0 | $ | 39\u00a0 | $ | (470) | |||||||||||||
Interest (income) expense, net | (18) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 844\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 49\u00a0 | 37\u00a0 | 11\u00a0 | 12\u00a0 | 55\u00a0 | 164\u00a0 | 3\u00a0 | 31\u00a0 | $ | 198\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 15,679\u00a0 | $ | 9,597\u00a0 | $ | 4,550\u00a0 | $ | 4,647\u00a0 | $ | 25\u00a0 | $ | 34,498\u00a0 | $ | 930\u00a0 | $ | (2) | $ | 35,426\u00a0 | |||||||||||
| Cost of sales | 9,268\u00a0 | 5,530\u00a0 | 2,473\u00a0 | 2,672\u00a0 | 480\u00a0 | 20,423\u00a0 | 536\u00a0 | (51) | 20,908\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 6,411\u00a0 | 4,067\u00a0 | 2,077\u00a0 | 1,975\u00a0 | (455) | 14,075\u00a0 | 394\u00a0 | 49\u00a0 | 14,518\u00a0 | ||||||||||||||||||||
Demand creation expense | 1,331\u00a0 | 943\u00a0 | 341\u00a0 | 297\u00a0 | 558\u00a0 | 3,470\u00a0 | 74\u00a0 | 7\u00a0 | 3,551\u00a0 | ||||||||||||||||||||
Operating overhead expense | 1,705\u00a0 | 1,141\u00a0 | 725\u00a0 | 614\u00a0 | 2,461\u00a0 | 6,646\u00a0 | 326\u00a0 | 1,509\u00a0 | 8,481\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 3,036\u00a0 | 2,084\u00a0 | 1,066\u00a0 | 911\u00a0 | 3,019\u00a0 | 10,116\u00a0 | 400\u00a0 | 1,516\u00a0 | 12,032\u00a0 | ||||||||||||||||||||
Other segment items(1) | (1) | \u2014\u00a0 | (24) | (7) | (1) | (33) | (1) | (9) | (43) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 3,376\u00a0 | $ | 1,983\u00a0 | $ | 1,035\u00a0 | $ | 1,071\u00a0 | $ | (3,473) | $ | 3,992\u00a0 | $ | (5) | $ | (1,458) | |||||||||||||
Interest (income) expense, net | (42) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 2,571\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 108\u00a0 | 113\u00a0 | 33\u00a0 | 42\u00a0 | 167\u00a0 | 463\u00a0 | 6\u00a0 | 85\u00a0 | $ | 554\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 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 | $ | 14,869\u00a0 | $ | 9,257\u00a0 | $ | 5,110\u00a0 | $ | 4,676\u00a0 | $ | 39\u00a0 | $ | 33,951\u00a0 | $ | 1,335\u00a0 | $ | (74) | $ | 35,212\u00a0 | |||||||||||
| Cost of sales | 8,289\u00a0 | 5,179\u00a0 | 2,765\u00a0 | 2,588\u00a0 | 448\u00a0 | 19,269\u00a0 | 672\u00a0 | (50) | 19,891\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 6,580\u00a0 | 4,078\u00a0 | 2,345\u00a0 | 2,088\u00a0 | (409) | 14,682\u00a0 | 663\u00a0 | (24) | 15,321\u00a0 | ||||||||||||||||||||
Demand creation expense | 1,235\u00a0 | 870\u00a0 | 372\u00a0 | 285\u00a0 | 547\u00a0 | 3,309\u00a0 | 118\u00a0 | 9\u00a0 | 3,436\u00a0 | ||||||||||||||||||||
Operating overhead expense | 1,656\u00a0 | 1,091\u00a0 | 727\u00a0 | 597\u00a0 | 2,499\u00a0 | 6,570\u00a0 | 332\u00a0 | 1,602\u00a0 | 8,504\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 2,891\u00a0 | 1,961\u00a0 | 1,099\u00a0 | 882\u00a0 | 3,046\u00a0 | 9,879\u00a0 | 450\u00a0 | 1,611\u00a0 | 11,940\u00a0 | ||||||||||||||||||||
Other segment items(1) | (1) | 14\u00a0 | (52) | (2) | (2) | (43) | \u2014\u00a0 | (58) | (101) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 3,690\u00a0 | $ | 2,103\u00a0 | $ | 1,298\u00a0 | $ | 1,208\u00a0 | $ | (3,453) | $ | 4,846\u00a0 | $ | 213\u00a0 | $ | (1,577) | |||||||||||||
Interest (income) expense, net | (85) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 3,567\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 119\u00a0 | 108\u00a0 | 37\u00a0 | 36\u00a0 | 171\u00a0 | 471\u00a0 | 11\u00a0 | 94\u00a0 | $ | 576\u00a0 |
| FEBRUARY 28, | MAY 31, | ||||||||||
(Dollars\u00a0in\u00a0millions) | 2026 | 2025 | |||||||||
INVENTORIES(1) | |||||||||||
| North America | $ | 3,166\u00a0 | $ | 3,198\u00a0 | |||||||
| Europe, Middle East & Africa | 2,269\u00a0 | 2,042\u00a0 | |||||||||
| Greater China | 937\u00a0 | 951\u00a0 | |||||||||
| Asia Pacific & Latin America | 1,011\u00a0 | 905\u00a0 | |||||||||
Global Brand Divisions | 157\u00a0 | 148\u00a0 | |||||||||
TOTAL NIKE BRAND | 7,540\u00a0 | 7,244\u00a0 | |||||||||
| Converse | 195\u00a0 | 272\u00a0 | |||||||||
Corporate | (248) | (27) | |||||||||
TOTAL NIKE, INC. INVENTORIES | $ | 7,487\u00a0 | $ | 7,489\u00a0 |
| THREE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 5,026\u00a0 | $ | 2,874\u00a0 | $ | 1,615\u00a0 | $ | 1,490\u00a0 | $ | 7\u00a0 | $ | 11,012\u00a0 | $ | 264\u00a0 | $ | 3\u00a0 | $ | 11,279\u00a0 | |||||||||||
| Cost of sales | 3,036\u00a0 | 1,705\u00a0 | 839\u00a0 | 870\u00a0 | 160\u00a0 | 6,610\u00a0 | 167\u00a0 | (28) | 6,749\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 1,990\u00a0 | 1,169\u00a0 | 776\u00a0 | 620\u00a0 | (153) | 4,402\u00a0 | 97\u00a0 | 31\u00a0 | 4,530\u00a0 | ||||||||||||||||||||
Demand creation expense | 416\u00a0 | 296\u00a0 | 97\u00a0 | 91\u00a0 | 170\u00a0 | 1,070\u00a0 | 17\u00a0 | 3\u00a0 | 1,090\u00a0 | ||||||||||||||||||||
Operating overhead expense | 593\u00a0 | 360\u00a0 | 235\u00a0 | 200\u00a0 | 886\u00a0 | 2,274\u00a0 | 120\u00a0 | 493\u00a0 | 2,887\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 1,009\u00a0 | 656\u00a0 | 332\u00a0 | 291\u00a0 | 1,056\u00a0 | 3,344\u00a0 | 137\u00a0 | 496\u00a0 | 3,977\u00a0 | ||||||||||||||||||||
Other segment items(1) | \u2014\u00a0 | (2) | (23) | (3) | \u2014\u00a0 | (28) | \u2014\u00a0 | (54) | (82) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 981\u00a0 | $ | 515\u00a0 | $ | 467\u00a0 | $ | 332\u00a0 | $ | (1,209) | $ | 1,086\u00a0 | $ | (40) | $ | (411) | |||||||||||||
Interest (income) expense, net | (15) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 650\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 37\u00a0 | 37\u00a0 | 11\u00a0 | 13\u00a0 | 58\u00a0 | 156\u00a0 | 2\u00a0 | 27\u00a0 | $ | 185\u00a0 |
| THREE MONTHS ENDED FEBRUARY 28, 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 | $ | 4,864\u00a0 | $ | 2,811\u00a0 | $ | 1,733\u00a0 | $ | 1,470\u00a0 | $ | 12\u00a0 | $ | 10,890\u00a0 | $ | 405\u00a0 | $ | (26) | $ | 11,269\u00a0 | |||||||||||
| Cost of sales | 2,766\u00a0 | 1,696\u00a0 | 953\u00a0 | 829\u00a0 | 148\u00a0 | 6,392\u00a0 | 217\u00a0 | (15) | 6,594\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 2,098\u00a0 | 1,115\u00a0 | 780\u00a0 | 641\u00a0 | (136) | 4,498\u00a0 | 188\u00a0 | (11) | 4,675\u00a0 | ||||||||||||||||||||
Demand creation expense | 401\u00a0 | 267\u00a0 | 123\u00a0 | 97\u00a0 | 158\u00a0 | 1,046\u00a0 | 40\u00a0 | 2\u00a0 | 1,088\u00a0 | ||||||||||||||||||||
Operating overhead expense | 596\u00a0 | 353\u00a0 | 235\u00a0 | 200\u00a0 | 802\u00a0 | 2,186\u00a0 | 108\u00a0 | 505\u00a0 | 2,799\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 997\u00a0 | 620\u00a0 | 358\u00a0 | 297\u00a0 | 960\u00a0 | 3,232\u00a0 | 148\u00a0 | 507\u00a0 | 3,887\u00a0 | ||||||||||||||||||||
Other segment items(1) | (2) | 15\u00a0 | 1\u00a0 | (2) | (3) | 9\u00a0 | 1\u00a0 | (48) | (38) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 1,103\u00a0 | $ | 480\u00a0 | $ | 421\u00a0 | $ | 346\u00a0 | $ | (1,093) | $ | 1,257\u00a0 | $ | 39\u00a0 | $ | (470) | |||||||||||||
Interest (income) expense, net | (18) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 844\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 49\u00a0 | 37\u00a0 | 11\u00a0 | 12\u00a0 | 55\u00a0 | 164\u00a0 | 3\u00a0 | 31\u00a0 | $ | 198\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 2026 | |||||||||||||||||||||||||||||
(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 | $ | 15,679\u00a0 | $ | 9,597\u00a0 | $ | 4,550\u00a0 | $ | 4,647\u00a0 | $ | 25\u00a0 | $ | 34,498\u00a0 | $ | 930\u00a0 | $ | (2) | $ | 35,426\u00a0 | |||||||||||
| Cost of sales | 9,268\u00a0 | 5,530\u00a0 | 2,473\u00a0 | 2,672\u00a0 | 480\u00a0 | 20,423\u00a0 | 536\u00a0 | (51) | 20,908\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 6,411\u00a0 | 4,067\u00a0 | 2,077\u00a0 | 1,975\u00a0 | (455) | 14,075\u00a0 | 394\u00a0 | 49\u00a0 | 14,518\u00a0 | ||||||||||||||||||||
Demand creation expense | 1,331\u00a0 | 943\u00a0 | 341\u00a0 | 297\u00a0 | 558\u00a0 | 3,470\u00a0 | 74\u00a0 | 7\u00a0 | 3,551\u00a0 | ||||||||||||||||||||
Operating overhead expense | 1,705\u00a0 | 1,141\u00a0 | 725\u00a0 | 614\u00a0 | 2,461\u00a0 | 6,646\u00a0 | 326\u00a0 | 1,509\u00a0 | 8,481\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 3,036\u00a0 | 2,084\u00a0 | 1,066\u00a0 | 911\u00a0 | 3,019\u00a0 | 10,116\u00a0 | 400\u00a0 | 1,516\u00a0 | 12,032\u00a0 | ||||||||||||||||||||
Other segment items(1) | (1) | \u2014\u00a0 | (24) | (7) | (1) | (33) | (1) | (9) | (43) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 3,376\u00a0 | $ | 1,983\u00a0 | $ | 1,035\u00a0 | $ | 1,071\u00a0 | $ | (3,473) | $ | 3,992\u00a0 | $ | (5) | $ | (1,458) | |||||||||||||
Interest (income) expense, net | (42) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 2,571\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 108\u00a0 | 113\u00a0 | 33\u00a0 | 42\u00a0 | 167\u00a0 | 463\u00a0 | 6\u00a0 | 85\u00a0 | $ | 554\u00a0 |
| NINE MONTHS ENDED FEBRUARY 28, 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 | $ | 14,869\u00a0 | $ | 9,257\u00a0 | $ | 5,110\u00a0 | $ | 4,676\u00a0 | $ | 39\u00a0 | $ | 33,951\u00a0 | $ | 1,335\u00a0 | $ | (74) | $ | 35,212\u00a0 | |||||||||||
| Cost of sales | 8,289\u00a0 | 5,179\u00a0 | 2,765\u00a0 | 2,588\u00a0 | 448\u00a0 | 19,269\u00a0 | 672\u00a0 | (50) | 19,891\u00a0 | ||||||||||||||||||||
| Gross profit (loss) | 6,580\u00a0 | 4,078\u00a0 | 2,345\u00a0 | 2,088\u00a0 | (409) | 14,682\u00a0 | 663\u00a0 | (24) | 15,321\u00a0 | ||||||||||||||||||||
Demand creation expense | 1,235\u00a0 | 870\u00a0 | 372\u00a0 | 285\u00a0 | 547\u00a0 | 3,309\u00a0 | 118\u00a0 | 9\u00a0 | 3,436\u00a0 | ||||||||||||||||||||
Operating overhead expense | 1,656\u00a0 | 1,091\u00a0 | 727\u00a0 | 597\u00a0 | 2,499\u00a0 | 6,570\u00a0 | 332\u00a0 | 1,602\u00a0 | 8,504\u00a0 | ||||||||||||||||||||
Total selling and administrative expense | 2,891\u00a0 | 1,961\u00a0 | 1,099\u00a0 | 882\u00a0 | 3,046\u00a0 | 9,879\u00a0 | 450\u00a0 | 1,611\u00a0 | 11,940\u00a0 | ||||||||||||||||||||
Other segment items(1) | (1) | 14\u00a0 | (52) | (2) | (2) | (43) | \u2014\u00a0 | (58) | (101) | ||||||||||||||||||||
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 3,690\u00a0 | $ | 2,103\u00a0 | $ | 1,298\u00a0 | $ | 1,208\u00a0 | $ | (3,453) | $ | 4,846\u00a0 | $ | 213\u00a0 | $ | (1,577) | |||||||||||||
Interest (income) expense, net | (85) | ||||||||||||||||||||||||||||
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | $ | 3,567\u00a0 | |||||||||||||||||||||||||||
| Supplemental information: | |||||||||||||||||||||||||||||
Depreciation and amortization(2) | $ | 119\u00a0 | 108\u00a0 | 37\u00a0 | 36\u00a0 | 171\u00a0 | 471\u00a0 | 11\u00a0 | 94\u00a0 | $ | 576\u00a0 |
| FEBRUARY 28, | MAY 31, | ||||||||||
(Dollars\u00a0in\u00a0millions) | 2026 | 2025 | |||||||||
INVENTORIES(1) | |||||||||||
| North America | $ | 3,166\u00a0 | $ | 3,198\u00a0 | |||||||
| Europe, Middle East & Africa | 2,269\u00a0 | 2,042\u00a0 | |||||||||
| Greater China | 937\u00a0 | 951\u00a0 | |||||||||
| Asia Pacific & Latin America | 1,011\u00a0 | 905\u00a0 | |||||||||
Global Brand Divisions | 157\u00a0 | 148\u00a0 | |||||||||
TOTAL NIKE BRAND | 7,540\u00a0 | 7,244\u00a0 | |||||||||
| Converse | 195\u00a0 | 272\u00a0 | |||||||||
Corporate | (248) | (27) | |||||||||
TOTAL NIKE, INC. INVENTORIES | $ | 7,487\u00a0 | $ | 7,489\u00a0 |