$NKE
NIKE, Inc.

2021 Q1 Form 10-Q Financial Statement

#000032018721000012 Filed on April 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q4
Revenue $10.36B $10.10B $10.33B
YoY Change 2.5% 5.13% 10.16%
Cost Of Revenue $5.638B $5.631B $5.782B
YoY Change 0.12% 6.81% 9.74%
Gross Profit $4.719B $4.473B $4.544B
YoY Change 5.5% 3.09% 10.69%
Gross Profit Margin 45.56% 44.27% 44.01%
Selling, General & Admin $3.041B $3.283B $3.324B
YoY Change -7.37% 6.21% 5.79%
% of Gross Profit 64.44% 73.4% 73.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $112.0M $170.0M $187.0M
YoY Change -34.12% -3.95% 5.06%
% of Gross Profit 2.37% 3.8% 4.12%
Operating Expenses $3.041B $3.283B $3.324B
YoY Change -7.37% 6.21% 5.79%
Operating Profit $1.678B $1.190B $1.220B
YoY Change 41.01% -4.65% 26.69%
Interest Expense -$64.00M -$12.00M -$12.00M
YoY Change 433.33% 0.0% -14.29%
% of Operating Profit -3.81% -1.01% -0.98%
Other Income/Expense, Net $22.00M -$297.0M $41.00M
YoY Change -107.41% -640.0% -14.58%
Pretax Income $1.636B $881.0M $1.249B
YoY Change 85.7% -31.76% 25.28%
Income Tax $187.0M $34.00M $134.0M
% Of Pretax Income 11.43% 3.86% 10.73%
Net Earnings $1.449B $847.0M $1.115B
YoY Change 71.07% -23.07% 31.64%
Net Earnings / Revenue 13.99% 8.38% 10.8%
Basic Earnings Per Share $0.92 $0.54 $0.71
Diluted Earnings Per Share $0.90 $0.53 $0.70
COMMON SHARES
Basic Shares Outstanding 1.578B shares 1.556B shares 1.561B shares
Diluted Shares Outstanding 1.617B shares 1.592B shares 1.594B shares

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.53B $3.182B $3.502B
YoY Change 293.71% -21.35% -13.34%
Cash & Equivalents $8.516B $2.863B $3.070B
Short-Term Investments $4.012B $319.0M $432.0M
Other Short-Term Assets $1.810B $2.282B $1.876B
YoY Change -20.68% 27.77% 4.75%
Inventory $6.693B $5.807B $6.199B
Prepaid Expenses
Receivables $3.669B $4.473B $4.792B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.70B $15.74B $16.37B
YoY Change 56.89% -0.33% 5.16%
LONG-TERM ASSETS
Property, Plant & Equipment $4.958B $4.783B $4.668B
YoY Change 3.66% 2.03% 1.74%
Goodwill $242.0M $223.0M $224.0M
YoY Change 8.52% 44.81% 45.45%
Intangibles $271.0M $275.0M $277.0M
YoY Change -1.45% -2.83% -2.46%
Long-Term Investments
YoY Change
Other Assets $2.865B $2.288B $2.182B
YoY Change 25.22% 14.4% 4.65%
Total Long-Term Assets $11.49B $10.48B $10.23B
YoY Change 9.63% 47.03% 43.9%
TOTAL ASSETS
Total Short-Term Assets $24.70B $15.74B $16.37B
Total Long-Term Assets $11.49B $10.48B $10.23B
Total Assets $36.19B $26.22B $26.60B
YoY Change 38.01% 14.39% 17.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.257B $2.221B $2.627B
YoY Change 1.62% -3.73% 2.06%
Accrued Expenses $5.907B $5.356B $4.672B
YoY Change 10.29% 13.04% 4.33%
Deferred Revenue
YoY Change
Short-Term Debt $4.000M $9.000M $300.0M
YoY Change -55.56% -43.75% 3233.33%
Long-Term Debt Due $0.00 $4.000M $6.000M
YoY Change -100.0% -33.33% 0.0%
Total Short-Term Liabilities $8.894B $8.280B $8.264B
YoY Change 7.42% 13.72% 13.55%
LONG-TERM LIABILITIES
Long-Term Debt $9.412B $3.463B $3.462B
YoY Change 171.79% -0.06% -0.12%
Other Long-Term Liabilities $2.964B $2.759B $2.724B
YoY Change 7.43% 137850.0% 54380.0%
Total Long-Term Liabilities $9.412B $3.463B $3.462B
YoY Change 171.79% -0.06% -0.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.894B $8.280B $8.264B
Total Long-Term Liabilities $9.412B $3.463B $3.462B
Total Liabilities $18.31B $11.74B $11.73B
YoY Change 55.89% 9.28% 9.14%
SHAREHOLDERS EQUITY
Retained Earnings $2.729B $1.128B $1.577B
YoY Change 141.93% -39.06% -12.87%
Common Stock $9.645B $7.971B $7.719B
YoY Change 21.0% 15.35% 15.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.93B $9.045B $9.351B
YoY Change
Total Liabilities & Shareholders Equity $36.19B $26.22B $26.60B
YoY Change 38.01% 14.39% 17.31%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $1.449B $847.0M $1.115B
YoY Change 71.07% -23.07% 31.64%
Depreciation, Depletion And Amortization $112.0M $170.0M $187.0M
YoY Change -34.12% -3.95% 5.06%
Cash From Operating Activities $1.290B $1.180B $912.0M
YoY Change 9.32% 10.49% -40.16%
INVESTING ACTIVITIES
Capital Expenditures -$177.0M -$275.0M -$238.0M
YoY Change -35.64% 27.31% -17.07%
Acquisitions
YoY Change
Other Investing Activities -$933.0M $305.0M -$202.0M
YoY Change -405.9% -10.29% -153.87%
Cash From Investing Activities -$1.110B $30.00M -$440.0M
YoY Change -3800.0% -75.81% -600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -320.0M -1.442B -858.0M
YoY Change -77.81% 47.59% -41.15%
NET CHANGE
Cash From Operating Activities 1.290B 1.180B 912.0M
Cash From Investing Activities -1.110B 30.00M -440.0M
Cash From Financing Activities -320.0M -1.442B -858.0M
Net Change In Cash -140.0M -232.0M -386.0M
YoY Change -39.66% -207.91% -350.65%
FREE CASH FLOW
Cash From Operating Activities $1.290B $1.180B $912.0M
Capital Expenditures -$177.0M -$275.0M -$238.0M
Free Cash Flow $1.467B $1.455B $1.150B
YoY Change 0.82% 13.32% -36.5%

Facts In Submission

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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
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455000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
406000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
494000000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
374000000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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4645000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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2486000000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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2203000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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1588000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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1764000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
521000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
797000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Notes Payable
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us-gaap Proceeds From Repayments Of Notes Payable
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
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1071000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
168000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4466000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8516000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2863000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
116000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
115000000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
437000000 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
384000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
10640000000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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187000000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.275
CY2021Q1 us-gaap Dividends
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436000000 USD
CY2021Q1 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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142000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1449000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
9351000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
199000000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
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957000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.245
CY2020Q1 us-gaap Dividends
Dividends
383000000 USD
CY2020Q1 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
-16000000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
113000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
847000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-109000000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
9045000000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
8055000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
844000000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.795
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.10
us-gaap Dividends
Dividends
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nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
-7000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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467000000 USD
us-gaap Net Income Loss
NetIncomeLoss
4218000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-390000000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
11931000000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
9040000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
580000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2874000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.710
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.10
us-gaap Dividends
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1110000000 USD
nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
66000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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303000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3329000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q1 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2021Q1 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
1219000000 USD
CY2020Q2 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
1248000000 USD
CY2021Q1 nke Allowance For Sales Discounts And Returns
AllowanceForSalesDiscountsAndReturns
1146000000 USD
CY2020Q2 nke Allowance For Sales Discounts And Returns
AllowanceForSalesDiscountsAndReturns
1178000000 USD
CY2021Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
463000000 USD
CY2020Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
190000000 USD
CY2021Q1 nke Accrual For Cumulative Foreign Currency Translation Losses Current
AccrualForCumulativeForeignCurrencyTranslationLossesCurrent
373000000 USD
CY2020Q2 nke Accrual For Cumulative Foreign Currency Translation Losses Current
AccrualForCumulativeForeignCurrencyTranslationLossesCurrent
405000000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2163000000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5907000000 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5184000000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
10320000000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
10645000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.123
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.098
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
877000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
622000000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
771000000 USD
CY2021Q1 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear
41000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
199000000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
158000000 USD
CY2021Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
50000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
67000000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
67000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
256000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
181000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1449000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
847000000 USD
us-gaap Net Income Loss
NetIncomeLoss
4218000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3329000000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1578000000.0 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1556300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1570900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1559800000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38900000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
35300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1594600000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34800000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1616900000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1591600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1607300000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.13
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
80000000 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
95000000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
545000000 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
207000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10357000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10104000000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5638000000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5631000000 USD
CY2021Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
711000000 USD
CY2020Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
870000000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
22000000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-297000000 USD
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-64000000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32194000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31090000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17887000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17202000000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2117000000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2769000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-223000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-199000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-39000000 USD
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
CASH FLOW HEDGESAll changes in fair value of derivatives designated as cash flow hedges are recorded in Accumulated other comprehensive income (loss) until Net income is affected by the variability of cash flows of the hedged transaction. Effective hedge results are classified in the Unaudited Condensed Consolidated Statements of Income in the same manner as the underlying exposure. 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 in Accumulated other comprehensive income (loss) will be recognized immediately in Other (income) expense, net, if it is probable the forecasted hedged transaction will not occur by the end of the initially identified time period or within an additional two-month period thereafter. In rare circumstances, the additional period of time may exceed two months due to extenuating circumstances related to the nature of the forecasted transaction that are outside the control or influence of the Company. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company accounts for the derivative as an undesignated instrument as discussed below.
CY2021Q1 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
375000000 USD
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P24M
us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
UNDESIGNATED DERIVATIVE INSTRUMENTSThe 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 the 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 Other (income) expense, net, together with the re-measurement gain or loss from the hedged balance sheet position and/or embedded derivative contract.
us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
EMBEDDED DERIVATIVESEmbedded 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 Other (income) expense, net, through the date the foreign currency fluctuations cease to exist.
CY2021Q1 nke Credit Risk Related Contingent Features Collateral Threshold
CreditRiskRelatedContingentFeaturesCollateralThreshold
50000000 USD
CY2021Q1 nke Credit Risk Related Contingent Features Collateral Threshold
CreditRiskRelatedContingentFeaturesCollateralThreshold
50000000 USD
CY2021Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
464000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-70000000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-53000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
2000000 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
21000000 USD
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
130000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-109000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
1000000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-278000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
112000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-390000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
1000000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-7000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
98000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
386000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-288000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
1000000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10357000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10357000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10104000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10104000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32194000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32194000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31090000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31090000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10357000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10104000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32194000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31090000000 USD
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-64000000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-12000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-199000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-39000000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1636000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
881000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4807000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3691000000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3669000000 USD
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2749000000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6693000000 USD
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7367000000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4958000000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4866000000 USD

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