$NKE
NIKE, Inc. Stock $nke

$nke Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000032018718000007 Filed on January 05, 2018

Income Statement

Concept	2017 Q4	2016 Q4
Revenue	$8.554B	$8.180B
YoY Change	4.57%	6.43%
Cost Of Revenue	$4.876B	$4.564B
YoY Change	6.84%	9.06%
Gross Profit	$3.678B	$3.616B
YoY Change	1.71%	3.28%
Gross Profit Margin	43.0%	44.21%
Selling, General & Admin	$2.768B	$2.505B
YoY Change	10.5%	-2.15%
% of Gross Profit	75.26%	69.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$191.0M	$178.0M
YoY Change	7.3%	13.38%
% of Gross Profit	5.19%	4.92%
Operating Expenses	$2.768B	$2.505B
YoY Change	10.5%	-2.15%
Operating Profit	$910.0M	$1.111B
YoY Change	-18.09%	18.07%
Interest Expense	-$13.00M	-$15.00M
YoY Change	-13.33%	200.0%
% of Operating Profit	-1.43%	-1.35%
Other Income/Expense, Net	-$18.00M	$18.00M
YoY Change	-200.0%	-47.06%
Pretax Income	$879.0M	$1.114B
YoY Change	-21.1%	14.85%
Income Tax	$112.0M	$272.0M
% Of Pretax Income	12.74%	24.42%
Net Earnings	$767.0M	$842.0M
YoY Change	-8.91%	7.26%
Net Earnings / Revenue	8.97%	10.29%
Basic Earnings Per Share	$0.47	$0.51
Diluted Earnings Per Share	$0.46	$0.50
COMMON SHARES
Basic Shares Outstanding	1.627B shares	1.659B shares
Diluted Shares Outstanding	1.661B shares	1.693B shares

Balance Sheet

Concept	2017 Q4	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.389B	$5.943B
YoY Change	7.5%	-2.83%
Cash & Equivalents	$4.304B	$4.339B
Short-Term Investments	$2.085B	$1.604B
Other Short-Term Assets	$1.254B	$1.557B
YoY Change	-19.46%	-40.16%
Inventory	$5.326B	$5.033B
Prepaid Expenses
Receivables	$3.613B	$3.478B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$16.58B	$16.01B
YoY Change	3.57%	-4.44%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.117B	$3.566B
YoY Change	15.45%	10.23%
Goodwill	$139.0M	$139.0M
YoY Change	0.0%	6.11%
Intangibles	$282.0M	$283.0M
YoY Change	-0.35%	0.71%
Long-Term Investments
YoY Change
Other Assets	$2.935B	$2.653B
YoY Change	10.63%	21.64%
Total Long-Term Assets	$7.473B	$6.641B
YoY Change	12.53%	13.95%
TOTAL ASSETS
Total Short-Term Assets	$16.58B	$16.01B
Total Long-Term Assets	$7.473B	$6.641B
Total Assets	$24.06B	$22.65B
YoY Change	6.19%	0.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.141B	$2.033B
YoY Change	5.31%	6.16%
Accrued Expenses	$3.278B	$3.076B
YoY Change	6.57%	-10.87%
Deferred Revenue
YoY Change
Short-Term Debt	$1.229B	$20.00M
YoY Change	6045.0%	-79.8%
Long-Term Debt Due	$10.00M	$44.00M
YoY Change	-77.27%	780.0%
Total Short-Term Liabilities	$6.750B	$5.225B
YoY Change	29.19%	-5.19%
LONG-TERM LIABILITIES
Long-Term Debt	$3.472B	$3.473B
YoY Change	-0.03%	68.02%
Other Long-Term Liabilities	$125.0M	$13.00M
YoY Change	861.54%	44.44%
Total Long-Term Liabilities	$3.472B	$3.473B
YoY Change	-0.03%	68.02%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.750B	$5.225B
Total Long-Term Liabilities	$3.472B	$3.473B
Total Liabilities	$10.22B	$8.698B
YoY Change	17.52%	14.78%
SHAREHOLDERS EQUITY
Retained Earnings	$3.301B	$3.725B
YoY Change	-11.38%	-23.78%
Common Stock	$9.041B	$8.196B
YoY Change	10.31%	10.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$11.76B	$12.32B
YoY Change
Total Liabilities & Shareholders Equity	$24.06B	$22.65B
YoY Change	6.19%	0.31%

Cashflow Statement

Concept	2017 Q4	2016 Q4
OPERATING ACTIVITIES
Net Income	$767.0M	$842.0M
YoY Change	-8.91%	7.26%
Depreciation, Depletion And Amortization	$191.0M	$178.0M
YoY Change	7.3%	13.38%
Cash From Operating Activities	$1.323B	$982.0M
YoY Change	34.73%	80.18%
INVESTING ACTIVITIES
Capital Expenditures	-$228.0M	-$235.0M
YoY Change	-2.98%	-18.4%
Acquisitions
YoY Change
Other Investing Activities	$14.00M	$547.0M
YoY Change	-97.44%	-2379.17%
Cash From Investing Activities	-$214.0M	$312.0M
YoY Change	-168.59%	-200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-216.0M	436.0M
YoY Change	-149.54%	11.22%
NET CHANGE
Cash From Operating Activities	1.323B	982.0M
Cash From Investing Activities	-214.0M	312.0M
Cash From Financing Activities	-216.0M	436.0M
Net Change In Cash	893.0M	1.730B
YoY Change	-48.38%	176.8%
FREE CASH FLOW
Cash From Operating Activities	$1.323B	$982.0M
Capital Expenditures	-$228.0M	-$235.0M
Free Cash Flow	$1.551B	$1.217B
YoY Change	27.44%	46.1%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Entity Registrant Name EntityRegistrantName	NIKE INC
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	dei	Trading Symbol TradingSymbol	NKE
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CY2017Q2	nke	Accrued Endorsement Liabilities Current AccruedEndorsementLiabilitiesCurrent	396000000	USD
CY2017Q4	nke	Accrued Endorsement Liabilities Current AccruedEndorsementLiabilitiesCurrent	311000000	USD
CY2017Q2	nke	Accrued Import And Logistics Costs Current AccruedImportAndLogisticsCostsCurrent	257000000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2017-11-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000320187
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-226000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1770000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1898000000	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	842000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	2091000000	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	767000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	1717000000	USD
CY2017Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	698000000	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	749000000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	455000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	411000000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-30000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-373000000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Before Reclassifications Tax OtherComprehensiveIncomeLossBeforeReclassificationsTax	24000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Tax OtherComprehensiveIncomeLossBeforeReclassificationsTax	-23000000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Before Reclassifications Tax OtherComprehensiveIncomeLossBeforeReclassificationsTax	8000000	USD
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Tax OtherComprehensiveIncomeLossBeforeReclassificationsTax	24000000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	323000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	83000000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	8000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-387000000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-14000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-11000000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-8000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	14000000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	314000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	81000000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-374000000	USD
CY2016Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	18000000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	80000000	USD
CY2017Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-18000000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-36000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	53000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1954000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1776000000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	536000000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	595000000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	8000000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	53000000	USD
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	2358000000	USD
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	3002000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	512000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	498000000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1150000000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1254000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1482000000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	238000000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	320000000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	1743000000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	2229000000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	21000000	USD
	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	904000000	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	1404000000	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	1044000000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	12000000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1000000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3989000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4117000000	USD
CY2016Q4	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	141000000	USD
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	330000000	USD
CY2017Q4	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-29000000	USD
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	1000000	USD
CY2016Q4	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	2000000	USD
	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	3000000	USD
CY2017Q4	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	2000000	USD
	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	3000000	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	6000000	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	11000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3000000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3979000000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3301000000	USD
CY2016Q4	us-gaap	Sales Revenue Net SalesRevenueNet	8180000000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	17241000000	USD
CY2017Q4	us-gaap	Sales Revenue Net SalesRevenueNet	8554000000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	17624000000	USD
CY2016Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2505000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5402000000	USD
CY2017Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2768000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5624000000	USD
CY2017Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	1229000000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	12407000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	111000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	103000000	USD
CY2017Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	325000000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	11758000000	USD
CY2017Q2	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	0	USD
CY2017Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	0	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	461000000	USD
CY2017Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	514000000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	171000000	USD
CY2017Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	157000000	USD
CY2017Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	256000000	USD
CY2016Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1693200000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1701300000	shares
CY2017Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1660900000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1669100000	shares
CY2016Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1659100000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1665600000	shares
CY2017Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1627000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1633100000	shares
	us-gaap	Derivatives Embedded Derivatives DerivativesEmbeddedDerivatives	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:0px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#fd4703;font-style:normal;font-weight:bold;text-decoration:none;">Embedded Derivatives</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">As part of the foreign currency adjustment program described above, an embedded derivative contract is created upon the factory’s acceptance of NIKE’s purchase order for currencies within the factory currency exposure indices that are neither the U.S. Dollar nor the local or functional currency of the factory. </font><font style="font-family:Arial;font-size:8pt;color:#000000;">In addition, embedded derivative contracts are created when the Company enters into certain other contractual agreements which have payments that are indexed to currencies that are not the functional currency of either substantial party to the contracts. </font><font style="font-family:Arial;font-size:8pt;color:#000000;">Embedded derivative contracts are treated as foreign currency forward contracts that are bifurcated from the related contract and recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Other expense (income), net</font><font style="font-family:Arial;font-size:8pt;color:#000000;">, through the date the foreign currency fluctuations cease to exist.</font></div></div>
	us-gaap	Derivatives Methods Of Accounting Hedging Derivatives DerivativesMethodsOfAccountingHedgingDerivatives	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The Company elects to record the gross assets and liabilities of its derivative financial instruments on the Unaudited Condensed Consolidated Balance Sheets. The Company’s derivative financial instruments are subject to master netting arrangements that allow for the offset of assets and liabilities in the event of default or early termination of the contract. Any amounts of cash collateral received related to these instruments associated with the Company</font><font style="font-family:Arial;font-size:8pt;color:#000000;">’</font><font style="font-family:Arial;font-size:8pt;color:#000000;">s credit-related contingent features are recorded in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Cash and equivalents</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> and </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Accrued liabilities</font><font style="font-family:Arial;font-size:8pt;color:#000000;">, the latter of which would further offset against the Company’s derivative asset balance. Any amounts of cash collateral posted related to these instruments associated with the Company</font><font style="font-family:Arial;font-size:8pt;color:#000000;">’</font><font style="font-family:Arial;font-size:8pt;color:#000000;">s credit-related contingent features are recorded in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Prepaid expenses and other current assets</font><font style="font-family:Arial;font-size:8pt;color:#000000;">, which would further offset against the Company’s derivative liability balance. Cash collateral received or posted related to the Company</font><font style="font-family:Arial;font-size:8pt;color:#000000;">’</font><font style="font-family:Arial;font-size:8pt;color:#000000;">s credit-related contingent features is presented in the </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Cash provided by operations</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> component of the Unaudited Condensed Consolidated Statements of Cash Flows. Any amounts of non-cash collateral received, such as securities, are not recorded on the Unaudited Condensed Consolidated Balance Sheets pursuant to U.S. GAAP. For further information related to credit risk, refer to </font><font style="font-family:Arial;font-size:8pt;color:#000000;">Note 9 — Risk Management and Derivatives</font><font style="font-family:Arial;font-size:8pt;color:#000000;">.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:0px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#fd4703;font-style:normal;font-weight:bold;text-decoration:none;">Net Investment Hedges</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The Company has, in the past, hedged and may, in the future, hedge the risk of variability in foreign-currency-denominated net investments in wholly-owned international operations. All changes in fair value of the derivatives designated as net investment hedges, except ineffective portions, are reported in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Accumulated other comprehensive income</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> along with the foreign currency translation adjustments on those investments. The ineffective portion of the unrealized gains and losses on these contracts, if any, are recorded immediately in earnings. </font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:0px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#fd4703;font-style:normal;font-weight:bold;text-decoration:none;">Fair Value Hedges</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The Company has, in the past, been exposed to the risk of changes in the fair value of certain fixed-rate debt attributable to changes in interest rates. Derivatives used by the Company to hedge this risk are receive-fixed, pay-variable interest rate swaps. All interest rate swaps designated as fair value hedges of the related long-term debt meet the shortcut method requirements under U.S. GAAP. Accordingly, changes in the fair values of the interest rate swaps are considered to exactly offset changes in the fair value of the underlying long-term debt. </font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:0px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#fd4703;font-style:normal;font-weight:bold;text-decoration:none;">Cash Flow Hedges</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">All changes in fair value of derivatives designated as cash flow hedges, excluding any ineffective portion, are recorded in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Accumulated other comprehensive income</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> until </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Net income</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> is affected by the variability of cash flows of the hedged transaction. Effective hedge results are classified within the Unaudited Condensed Consolidated Statements of Income in the same manner as the underlying exposure. The ineffective portion of the unrealized gains and losses on these contracts, if any, is recorded immediately in earnings. Derivative instruments designated as cash flow hedges must be discontinued when it is no longer probable the forecasted hedged transaction will occur in the initially identified time period. The gains and losses associated with discontinued derivative instruments that were in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Accumulated other comprehensive income</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> will be recognized immediately in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Other expense (income), net</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> if it is probable the forecasted hedged transaction will not occur by the end of the initially identified time period or within an additional </font><font style="font-family:Arial;font-size:8pt;color:#000000;">two</font><font style="font-family:Arial;font-size:8pt;color:#000000;">-month period thereafter. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company will account for the derivative as an undesignated instrument as discussed below.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The purpose of the Company’s foreign exchange risk management program is to lessen both the positive and negative effects of currency fluctuations on the Company’s consolidated results of operations, financial position and cash flows. Foreign currency exposures that the Company may elect to hedge in this manner include product cost exposures, non-functional currency denominated external and intercompany revenues, selling and administrative expenses, investments in U.S. Dollar-denominated available-for-sale debt securities and certain other intercompany transactions.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">Product cost exposures are primarily generated through non-functional currency denominated product purchases and the foreign currency adjustment program described below. NIKE entities primarily purchase product in two ways: (1) Certain NIKE entities purchase product from the NIKE Trading Company (NTC), a wholly-owned sourcing hub that buys NIKE branded product from third-party factories, predominantly in U.S. Dollars. The NTC, whose functional currency is the U.S. Dollar, then sells the product to NIKE entities in their respective functional currencies. When the NTC sells to a NIKE entity with a different functional currency, the result is a foreign currency exposure for the NTC. (2) Other NIKE entities purchase product directly from third-party factories in U.S. Dollars. These purchases generate a foreign currency exposure for those NIKE entities with a functional currency other than the U.S. Dollar.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The Company operates a foreign currency adjustment program with certain factories. The program is designed to more effectively manage foreign currency risk by assuming certain of the factories’ foreign currency exposures, some of which are natural offsets to the Company’s existing foreign currency exposures. Under this program, the Company’s payments to these factories are adjusted for rate fluctuations in the basket of currencies (“factory currency exposure index”) in which the labor, materials and overhead costs incurred by the factories in the production of NIKE branded products (“factory input costs”) are denominated. For the portion of the indices denominated in the local or functional currency of the factory, the Company may elect to place formally designated cash flow hedges. For all currencies within the indices, excluding the U.S. Dollar and the local or functional currency of the factory, an embedded derivative contract is created upon the factory’s acceptance of NIKE’s purchase order. Embedded derivative contracts are separated from the related purchase order, as further described within the Embedded Derivatives section below.</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The Company’s policy permits the utilization of derivatives to reduce its foreign currency exposures where internal netting or other strategies cannot be effectively employed. Typically, the Company may enter into hedge contracts starting up to </font><font style="font-family:Arial;font-size:8pt;color:#000000;">12</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> to </font><font style="font-family:Arial;font-size:8pt;color:#000000;">24</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> months in advance of the forecasted transaction and may place incremental hedges up to </font><font style="font-family:Arial;font-size:8pt;color:#000000;">100%</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> of the exposure by the time the forecasted transaction occurs.</font></div></div>
	us-gaap	Derivatives Methods Of Accounting Nonhedging Derivatives DerivativesMethodsOfAccountingNonhedgingDerivatives	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:0px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#fd4703;font-style:normal;font-weight:bold;text-decoration:none;">Undesignated Derivative Instruments</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">The Company may elect to enter into foreign exchange forwards to mitigate the change in fair value of specific assets and liabilities on the Unaudited Condensed Consolidated Balance Sheets and/or embedded derivative contracts. These undesignated instruments are recorded at fair value as a derivative asset or liability on the Unaudited Condensed Consolidated Balance Sheets with their corresponding change in fair value recognized in </font><font style="font-family:Arial;font-size:8pt;color:#000000;font-style:italic;">Other expense (income), net</font><font style="font-family:Arial;font-size:8pt;color:#000000;">, together with the re-measurement gain or loss from the hedged balance sheet position and/or embedded derivative contract.</font></div></div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:0px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;color:#fd4703;font-style:normal;font-weight:bold;text-decoration:none;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:8px;text-align:justify;padding-left:0px;text-indent:0px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#000000;">Certain prior year amounts have been reclassified to conform to </font><font style="font-family:Arial;font-size:8pt;color:#000000;">fiscal 2018</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> presentation, including reclassified geographic operating segment data to reflect the changes in the Company’s operating structure, which became effective on June 1, 2017. Refer to </font><font style="font-family:Arial;font-size:8pt;color:#000000;">Note 11 — Operating Segments</font><font style="font-family:Arial;font-size:8pt;color:#000000;"> for additional information.</font></div></div>

Files In Submission

Name	View Source	Status
0000320187-18-000007-index-headers.html	Edgar Link	pending
0000320187-18-000007-index.html	Edgar Link	pending
0000320187-18-000007.txt	Edgar Link	pending
0000320187-18-000007-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nke-11302017x10q.htm	Edgar Link	pending
nke-11302017xexhibit311.htm	Edgar Link	pending
nke-11302017xexhibit312.htm	Edgar Link	pending
nke-11302017xexhibit32.htm	Edgar Link	pending
nke-20171130.xml	Edgar Link	completed
nke-20171130.xsd	Edgar Link	pending
nke-20171130_cal.xml	Edgar Link	unprocessable
nke-20171130_def.xml	Edgar Link	unprocessable
nke-20171130_lab.xml	Edgar Link	unprocessable
nke-20171130_pre.xml	Edgar Link	unprocessable
orangeswoosh02.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$NKE
NIKE, Inc. Stock $nke

2017 Q4 Form 10-Q Financial Statement

#000032018718000007 Filed on January 05, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NKE NIKE, Inc. Stock $nke

2017 Q4 Form 10-Q Financial Statement

#000032018718000007 Filed on January 05, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NKE
NIKE, Inc. Stock $nke