Summary of Significant Accounting Policies (Tables)

6 Months Ended

Nov. 30, 2014

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following are selected line items from the Company's Unaudited Condensed Consolidated Financial Statements illustrating the effect of these corrections and the correction of other immaterial errors:

	NIKE, Inc. Unaudited Condensed Consolidated Statements of Income
	Three Months Ended November 30, 2013							Six Months Ended November 30, 2013
(In millions, except per share data)	As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Total selling and administrative expense	$	2,088	$	3		$	2,091	$	4,144	$	5		$	4,149
Income before income taxes	717		(3		)	714		1,757		(5		)	1,752
Income tax expense	180		—			180		440		(1		)	439
NET INCOME	$	537	$	(3	)	$	534	$	1,317	$	(4	)	$	1,313
Earnings per common share:
Basic	$	0.60	$	—		$	0.60	$	1.48	$	—		$	1.48
Diluted	$	0.59	$	—		$	0.59	$	1.45	$	(0.01	)	$	1.44

	NIKE, Inc. Unaudited Condensed Consolidated Statements of Comprehensive Income
	Three Months Ended November 30, 2013							Six Months Ended November 30, 2013
(In millions)	As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Net income	$	537	$	(3	)	$	534	$	1,317	$	(4	)	$	1,313
TOTAL COMPREHENSIVE INCOME	$	450	$	(3	)	$	447	$	1,133	$	(4	)	$	1,129

	NIKE, Inc. Unaudited Condensed Consolidated Statements of Cash Flows
	Six Months Ended November 30, 2013
(In millions)	As Reported			Adjustment			As Revised
Cash provided by operations:
Net income	$	1,317		$	(4	)	$	1,313
Income charges (credits) not affecting cash:
Deferred income taxes	23			1			24
Amortization and other	54			(3		)	51
(Increase) in inventories	(280		)	3			(277		)
(Decrease) in accounts payable, accrued liabilities and income taxes	(305		)	22			(283		)
Cash provided by operations	929			19			948
Cash used by investing activities:
Purchases of short-term investments	(2,759		)	(89		)	(2,848		)
Maturities of short-term investments	1,602			60			1,662
Sales of short-term investments	517			29			546
Additions to property, plant and equipment	(428		)	(21		)	(449		)
(Increase) in other assets, net of other liabilities	(10		)	9			(1		)
Cash used by investing activities	(1,177		)	(12		)	(1,189		)
Cash used by financing activities:
(Decrease) increase in notes payable	66			(7		)	59
Cash used by financing activities	(990		)	(7		)	(997		)
Net increase (decrease) in cash and equivalents	(1,251		)	—			(1,251		)
Cash and equivalents, beginning of period	3,337			—			3,337
CASH AND EQUIVALENTS, END OF PERIOD	$	2,086		$	—		$	2,086