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Operating Segments
 9 Months Ended
Feb. 28, 2021
Segment Reporting [Abstract]  
Operating Segments
NOTE 12 — OPERATING SEGMENTS
The Company's operating segments are evidence of the structure of the Company's internal organization. The NIKE Brand segments are defined by geographic regions for operations participating in NIKE Brand sales activity.
Each NIKE Brand geographic segment operates predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and equipment. The Company's reportable operating segments for the NIKE Brand are: North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA), and include results for the NIKE and Jordan brands.
The Company's NIKE Direct operations are managed within each NIKE Brand geographic operating segment. Converse is also a reportable segment for the Company, and operates in one industry: the design, marketing, licensing and selling of athletic lifestyle sneakers, apparel and accessories.
Global Brand Divisions is included within the NIKE Brand for presentation purposes to align with the way management views the Company. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Global Brand Divisions costs represent demand creation and operating overhead expense that include product creation and design expenses centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology.
Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.
The primary financial measure used by the Company to evaluate performance of individual operating segments is earnings before interest and taxes (EBIT), which represents Net income before Interest expense (income), net and Income tax expense in the Unaudited Condensed Consolidated Statements of Income.
As part of the Company's centrally managed foreign exchange risk management program, standard foreign currency rates are assigned twice per year to each NIKE Brand entity in the Company's geographic operating segments and to Converse. These rates are set approximately nine and twelve months in advance of the future selling seasons to which they relate (specifically, for each currency, one standard rate applies to the fall and holiday selling seasons and one standard rate applies to the spring and summer selling seasons) based on average market spot rates in the calendar month preceding the date they are established. Inventories and Cost of sales for geographic operating segments and Converse reflect the use of these standard rates to record non-functional currency product purchases in the entity's functional currency. Differences between assigned standard foreign currency rates and actual market rates are included in Corporate, together with foreign currency hedge gains and losses generated from the Company's centrally managed foreign exchange risk management program and other conversion gains and losses.
Accounts receivable, net, Inventories and Property, plant and equipment, net for operating segments are regularly reviewed by management and are therefore provided below.
 THREE MONTHS ENDED NINE MONTHS ENDED
(Dollars in millions)
FEBRUARY 28, 2021FEBRUARY 29, 2020FEBRUARY 28, 2021FEBRUARY 29, 2020
REVENUES
North America$3,564 $3,979 $11,795 $12,254 
Europe, Middle East & Africa2,609 2,709 8,477 8,019 
Greater China2,279 1,506 6,357 5,032 
Asia Pacific & Latin America1,315 1,414 3,885 4,227 
Global Brand Divisions6 8 18 24 
Total NIKE Brand9,773 9,616 30,532 29,556 
Converse570 506 1,609 1,541 
Corporate14 (18)53 (7)
TOTAL NIKE, INC. REVENUES$10,357 $10,104 $32,194 $31,090 
EARNINGS BEFORE INTEREST AND TAXES
North America$970 $937 $3,295 $2,912 
Europe, Middle East & Africa533 575 1,885 1,694 
Greater China973 556 2,552 1,919 
Asia Pacific & Latin America408 387 1,112 1,105 
Global Brand Divisions(852)(895)(2,546)(2,624)
Converse150 96 405 324 
Corporate(482)(763)(1,697)(1,600)
Interest expense (income), net64 12 199 39 
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES$1,636 $881 $4,807 $3,691 
FEBRUARY 28,MAY 31,
(Dollars in millions)
20212020
ACCOUNTS RECEIVABLE, NET
North America$1,019 $1,020 
Europe, Middle East & Africa1,300 712 
Greater China337 321 
Asia Pacific & Latin America(1)
591 425 
Global Brand Divisions101 65 
Total NIKE Brand3,348 2,543 
Converse256 149 
Corporate65 57 
TOTAL ACCOUNTS RECEIVABLE, NET$3,669 $2,749 
INVENTORIES
North America$2,904 $3,077 
Europe, Middle East & Africa1,772 2,070 
Greater China1,136 882 
Asia Pacific & Latin America(1)
636 770 
Global Brand Divisions134 137 
Total NIKE Brand6,582 6,936 
Converse313 341 
Corporate(202)90 
TOTAL INVENTORIES$6,693 $7,367 
FEBRUARY 28,MAY 31,
(Dollars in millions)
20212020
PROPERTY, PLANT AND EQUIPMENT, NET
North America$621 $645 
Europe, Middle East & Africa947 885 
Greater China258 214 
Asia Pacific & Latin America(1)
312 296 
Global Brand Divisions884 830 
Total NIKE Brand3,022 2,870 
Converse68 80 
Corporate1,868 1,916 
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET$4,958 $4,866 
(1)Excludes assets held-for-sale as of February 28, 2021 and May 31, 2020. See Note 13 — Acquisitions and Divestitures for additional information.