2020 Q2 Form 10-K Financial Statement

#000032018721000028 Filed on July 20, 2021

View on sec.gov

Income Statement

Concept 2020 Q2 2019 2018 Q2
Revenue $6.313B $39.12B $9.789B
YoY Change -38.01% 7.47% 12.82%
Cost Of Revenue $3.960B $21.64B $5.411B
YoY Change -28.66% 5.88% 11.48%
Gross Profit $2.353B $17.47B $4.378B
YoY Change -49.21% 9.51% 14.52%
Gross Profit Margin 37.27% 44.67% 44.72%
Selling, General & Admin $3.191B $12.70B $3.120B
YoY Change -6.31% 10.35% 17.07%
% of Gross Profit 135.61% 72.69% 71.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $208.0M $705.0M $200.0M
YoY Change 13.04% -5.62% 6.38%
% of Gross Profit 8.84% 4.03% 4.57%
Operating Expenses $3.191B $12.70B $3.120B
YoY Change -6.31% 10.35% 17.07%
Operating Profit -$838.0M $4.772B $1.258B
YoY Change -168.3% 7.36% 8.64%
Interest Expense $41.00M -$49.00M $200.0M
YoY Change 36.67% -9.26% -290.48%
% of Operating Profit -1.03% 15.9%
Other Income/Expense, Net -$2.000M $78.00M -$243.0M
YoY Change -85.71% -218.18% -311.3%
Pretax Income -$804.0M $593.0M $1.215B
YoY Change -164.68% -20.3% 4.02%
Income Tax -$14.00M $772.0M $162.0M
% Of Pretax Income 130.19% 13.33%
Net Earnings -$790.0M $4.029B $1.137B
YoY Change -179.88% 108.43% 12.8%
Net Earnings / Revenue -12.51% 10.3% 11.62%
Basic Earnings Per Share $2.55
Diluted Earnings Per Share -$507.7K $2.49 $693.7K
COMMON SHARES
Basic Shares Outstanding 1.580B shares
Diluted Shares Outstanding 1.618B shares

Balance Sheet

Concept 2020 Q2 2019 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.787B $4.663B $5.245B
YoY Change 88.44% -11.1% -15.12%
Cash & Equivalents $8.348B $4.466B $4.249B
Short-Term Investments $439.0M $197.0M $996.0M
Other Short-Term Assets $1.653B $1.968B $1.130B
YoY Change -16.01% 74.16% -1.74%
Inventory $7.367B $5.622B $5.261B
Prepaid Expenses
Receivables $2.749B $4.272B $3.498B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.56B $16.53B $15.13B
YoY Change 24.39% 9.19% -5.77%
LONG-TERM ASSETS
Property, Plant & Equipment $4.866B $4.744B $4.454B
YoY Change 2.57% 6.51% 11.66%
Goodwill $223.0M $154.0M
YoY Change 44.81% 10.79%
Intangibles $520.0M $566.0M
YoY Change -7.8% 0.35%
Long-Term Investments
YoY Change
Other Assets $2.326B $2.011B $2.509B
YoY Change 15.66% -19.85% -9.97%
Total Long-Term Assets $10.79B $7.192B $7.402B
YoY Change 49.97% -2.84% 2.83%
TOTAL ASSETS
Total Short-Term Assets $20.56B $16.53B $15.13B
Total Long-Term Assets $10.79B $7.192B $7.402B
Total Assets $31.34B $23.72B $22.54B
YoY Change 32.15% 5.24% -3.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.248B $2.612B $2.279B
YoY Change -13.94% 14.61% 11.28%
Accrued Expenses $5.184B $4.271B $3.269B
YoY Change 3.47% 66.97% 8.57%
Deferred Revenue
YoY Change
Short-Term Debt $248.0M $9.000M $336.0M
YoY Change 2655.56% -97.32% 3.38%
Long-Term Debt Due $3.000M $6.000M $6.000M
YoY Change -50.0% 0.0% 0.0%
Total Short-Term Liabilities $8.284B $7.866B $6.040B
YoY Change 5.31% 30.23% 10.34%
LONG-TERM LIABILITIES
Long-Term Debt $9.406B $3.464B $3.468B
YoY Change 171.54% -0.12% -0.09%
Other Long-Term Liabilities $2.913B $2.000M $6.000M
YoY Change 145550.0% -66.67% -93.02%
Total Long-Term Liabilities $9.406B $3.466B $3.468B
YoY Change 171.54% -0.23% -0.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.284B $7.866B $6.040B
Total Long-Term Liabilities $9.406B $3.466B $3.468B
Total Liabilities $17.69B $14.68B $9.508B
YoY Change 56.13% 15.35% 6.29%
SHAREHOLDERS EQUITY
Retained Earnings -$191.0M $3.517B
YoY Change -111.63% -49.08%
Common Stock $8.299B $6.384B
YoY Change 15.86% 11.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.055B $9.040B $9.812B
YoY Change
Total Liabilities & Shareholders Equity $31.34B $23.72B $22.54B
YoY Change 32.15% 5.24% -3.11%

Cashflow Statement

Concept 2020 Q2 2019 2018 Q2
OPERATING ACTIVITIES
Net Income -$790.0M $4.029B $1.137B
YoY Change -179.88% 108.43% 12.8%
Depreciation, Depletion And Amortization $208.0M $705.0M $200.0M
YoY Change 13.04% -5.62% 6.38%
Cash From Operating Activities -$1.000M $5.903B $2.270B
YoY Change -100.05% 19.13% 135.97%
INVESTING ACTIVITIES
Capital Expenditures -$289.0M $1.119B -$300.0M
YoY Change 5.86% 8.85% -8.81%
Acquisitions
YoY Change
Other Investing Activities $19.00M -$5.000M $50.00M
YoY Change -85.38% -122.73% -126.18%
Cash From Investing Activities -$270.0M -$264.0M -$250.0M
YoY Change 88.81% -195.65% -51.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.286B
YoY Change 0.75%
Debt Paid & Issued, Net $6.000M
YoY Change 0.0%
Cash From Financing Activities 5.801B -$5.293B -1.387B
YoY Change -665.4% 9.47% 108.57%
NET CHANGE
Cash From Operating Activities -1.000M $5.903B 2.270B
Cash From Investing Activities -270.0M -$264.0M -250.0M
Cash From Financing Activities 5.801B -$5.293B -1.387B
Net Change In Cash 5.530B $217.0M 633.0M
YoY Change 557.55% -45.2% -383.86%
FREE CASH FLOW
Cash From Operating Activities -$1.000M $5.903B $2.270B
Capital Expenditures -$289.0M $1.119B -$300.0M
Free Cash Flow $288.0M $4.784B $2.570B
YoY Change -87.39% 21.82% 99.07%

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CY2020 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2019 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Repayments Of Notes Payable
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CY2019 us-gaap Proceeds From Repayments Of Notes Payable
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CY2021 us-gaap Repayments Of Debt
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CY2020 us-gaap Repayments Of Debt
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CY2019 us-gaap Repayments Of Debt
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CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Payments Of Dividends Common Stock
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CY2019 us-gaap Payments Of Dividends Common Stock
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-66000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-129000000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1541000000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8348000000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4466000000 USD
CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2021 us-gaap Income Taxes Paid
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CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
438000000 USD
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
385000000 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
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CY2018Q2 us-gaap Stockholders Equity
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CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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0 USD
CY2019 us-gaap Stock Repurchased During Period Value
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CY2019 us-gaap Common Stock Dividends Per Share Declared
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0.86
CY2019 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.10
CY2019 us-gaap Dividends
Dividends
1360000000 USD
CY2019 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
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139000000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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325000000 USD
CY2019 us-gaap Net Income Loss
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4029000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
323000000 USD
CY2019Q2 us-gaap Stockholders Equity
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9040000000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2020 us-gaap Stock Repurchased During Period Value
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CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.955
CY2020 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.10
CY2020 us-gaap Dividends
Dividends
1491000000 USD
CY2020 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
156000000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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429000000 USD
CY2020 us-gaap Net Income Loss
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2539000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q2 us-gaap Stockholders Equity
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2021 us-gaap Stock Repurchased During Period Value
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650000000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
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1.070
CY2021 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.10
CY2021 us-gaap Dividends
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1692000000 USD
CY2021 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
86000000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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611000000 USD
CY2021 us-gaap Net Income Loss
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5727000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q2 us-gaap Stockholders Equity
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CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3114000000 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3592000000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3753000000 USD
CY2021Q2 us-gaap Prepaid Advertising
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630000000 USD
CY2020Q2 us-gaap Prepaid Advertising
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Open Sans Condensed',sans-serif;font-size:14pt;font-weight:700;line-height:100%">MANAGEMENT ESTIMATES</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates, including estimates relating to assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Additionally, the extent to which the evolving COVID-19 pandemic impacts the Company's financial statements will depend on a number of factors, including the magnitude and duration of the pandemic. There remains risk that COVID-19 could have a material, adverse impact on future revenue growth as well as overall profitability and may lead to higher than normal inventory levels in various markets, adverse impacts on the global supply chain, revised payment terms with certain wholesale customers, higher sales-related reserves, factory cancellation costs and a volatile effective tax rate driven by changes in the mix of earnings across the Company's jurisdictions.</span></div>
CY2020Q2 us-gaap Property Plant And Equipment Gross
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9661000000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7367000000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10061000000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5157000000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4795000000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4904000000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4866000000 USD
CY2021Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
246000000 USD
CY2021Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
246000000 USD
CY2020Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
246000000 USD
CY2020Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
246000000 USD
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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296000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27000000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
269000000 USD
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
293000000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19000000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
274000000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
242000000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
223000000 USD
CY2020Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q2 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
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CY2020Q2 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
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CY2021Q2 nke Allowance For Sales Discounts And Returns
AllowanceForSalesDiscountsAndReturns
1077000000 USD
CY2020Q2 nke Allowance For Sales Discounts And Returns
AllowanceForSalesDiscountsAndReturns
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CY2021Q2 nke Accrual For Cumulative Foreign Currency Translation Losses Current
AccrualForCumulativeForeignCurrencyTranslationLossesCurrent
358000000 USD
CY2020Q2 nke Accrual For Cumulative Foreign Currency Translation Losses Current
AccrualForCumulativeForeignCurrencyTranslationLossesCurrent
405000000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
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CY2020Q2 us-gaap Other Accrued Liabilities Current
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2353000000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
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CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5184000000 USD
CY2021 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
The Company records the assets and liabilities of its derivative financial instruments on a gross basis on the 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's credit-related contingent features are recorded in Cash and equivalents and Accrued liabilities, 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's credit-related contingent features are recorded in Prepaid expenses and other current assets, which would further offset against the Company's derivative liability balance. Cash collateral received or posted related to the Company's credit-related contingent features is presented in the Cash provided by operations component of the Consolidated Statements of Cash Flows. The Company does not recognize amounts of non-cash collateral received, such as securities, on the Consolidated Balance Sheets.<div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Open Sans Condensed',sans-serif;font-size:14pt;font-weight:700;line-height:100%">CASH FLOW HEDGES</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">All changes in fair value of derivatives designated as cash flow hedge instruments 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 Consolidated Statements of Income in the same manner as the underlying exposure. When it is no longer probable the forecasted hedged transaction will occur in the initially identified time period, hedge accounting is discontinued and the Company accounts for the associated derivative as an undesignated instrument as discussed below. Additionally, the gains and losses associated with derivatives no longer designated as cash flow hedge instruments in Accumulated other comprehensive income (loss) are 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. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">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 the Company may elect to hedge in this manner include product costs, non-functional currency denominated revenues, intercompany revenues, demand creation expenses, investments in U.S. Dollar denominated available-for-sale debt securities and certain other intercompany transactions.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">Product cost foreign currency 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 products 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. NTC sales to a NIKE entity with a different </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">functional currency result in 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.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">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.</span></div>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 12 to 24 months in advance of the forecasted transaction and may place incremental hedges up to 100% of the exposure by the time the forecasted transaction occurs.FAIR VALUE HEDGESThe 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. NET INVESTMENT HEDGESThe 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 are reported in Accumulated other comprehensive income (loss) along with the foreign currency translation adjustments on those investments.
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
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CY2020Q2 us-gaap Long Term Debt
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CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q2 us-gaap Long Term Debt Current
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3000000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
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9413000000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9406000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
500000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1000000000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
5723000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2954000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
593000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
938000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-67000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4208000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6661000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 nke Effective Income Tax Rate Reconciliation Income Tax Audits And Contingency Reserves Percent
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CY2020 nke Effective Income Tax Rate Reconciliation Income Tax Audits And Contingency Reserves Percent
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CY2019 nke Effective Income Tax Rate Reconciliation Income Tax Audits And Contingency Reserves Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q2 us-gaap Deferred Tax Assets Inventory
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CY2020Q2 us-gaap Deferred Tax Assets Inventory
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CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
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CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2021Q2 nke Deferred Tax Assets Operating Lease Liabilities
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CY2020Q2 nke Deferred Tax Assets Operating Lease Liabilities
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CY2021Q2 nke Deferred Tax Assets Intangible Assets
DeferredTaxAssetsIntangibleAssets
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CY2020Q2 nke Deferred Tax Assets Intangible Assets
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CY2021Q2 us-gaap Deferred Tax Assets In Process Research And Development
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CY2020Q2 us-gaap Deferred Tax Assets In Process Research And Development
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CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2020Q2 us-gaap Deferred Tax Assets Other
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CY2021Q2 us-gaap Deferred Tax Assets Gross
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CY2020Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1610000000 USD
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2021Q2 us-gaap Deferred Tax Assets Net
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2015000000 USD
CY2020Q2 us-gaap Deferred Tax Assets Net
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CY2021Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
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CY2020Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
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CY2021Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2020Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2020Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2021Q2 nke Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
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CY2020Q2 nke Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
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CY2021Q2 us-gaap Deferred Tax Liabilities Other
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CY2020Q2 us-gaap Deferred Tax Liabilities Other
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CY2021Q2 us-gaap Deferred Tax Liabilities
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CY2020Q2 us-gaap Deferred Tax Liabilities
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CY2020Q2 us-gaap Unrecognized Tax Benefits
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CY2019Q2 us-gaap Unrecognized Tax Benefits
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CY2018Q2 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
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CY2021Q2 us-gaap Unrecognized Tax Benefits
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CY2020Q2 us-gaap Unrecognized Tax Benefits
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CY2019Q2 us-gaap Unrecognized Tax Benefits
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CY2021Q2 us-gaap Unrecognized Tax Benefits
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CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021Q2 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
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CY2020Q2 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
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CY2019Q2 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
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CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2021Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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40000000 USD
CY2021 us-gaap Income Tax Holiday Termination Date
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2031
CY2021 us-gaap Income Tax Holiday Aggregate Dollar Amount
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CY2020 us-gaap Income Tax Holiday Aggregate Dollar Amount
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CY2019 us-gaap Income Tax Holiday Aggregate Dollar Amount
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CY2021 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
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CY2020 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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CY2019 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021Q2 us-gaap Operating Loss Carryforwards
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CY2021Q2 nke Operating Loss Carryforwards Expire Next Twelve Months
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CY2021Q2 nke Operating Loss Carryforwards Expire In Year Two
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CY2021Q2 nke Operating Loss Carryforwards Expire In Year Three
OperatingLossCarryforwardsExpireInYearThree
0 USD
CY2021Q2 nke Operating Loss Carryforwards Expire In Year Four
OperatingLossCarryforwardsExpireInYearFour
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CY2021Q2 nke Operating Loss Carryforwards Expire Thereafter
OperatingLossCarryforwardsExpireThereafter
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CY2021Q2 nke Operating Loss Carryforwards Indefinite
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CY2021Q2 us-gaap Operating Loss Carryforwards
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
53000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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207000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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175000000 USD
CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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4029000000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1573000000.0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1558800000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1579700000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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36400000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
32800000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38700000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1609400000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1591600000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1618400000 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.60
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.64
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.55
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.56
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.49
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset
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92000000 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
95000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44538000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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37403000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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39117000000 USD
CY2021 us-gaap Cost Of Goods And Services Sold
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24576000000 USD
CY2020 us-gaap Cost Of Goods And Services Sold
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21162000000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21643000000 USD
CY2021 us-gaap Marketing And Advertising Expense
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3114000000 USD
CY2020 us-gaap Marketing And Advertising Expense
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3592000000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3753000000 USD
CY2021 us-gaap Other Nonoperating Income Expense
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CY2020 us-gaap Other Nonoperating Income Expense
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-139000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
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78000000 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-262000000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-89000000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-49000000 USD
CY2021Q2 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
-369000000 USD
CY2021 us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P24M
CY2021 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 Consolidated Balance Sheets and/or embedded derivative contracts. These undesignated instruments are recorded at fair value as a derivative asset or liability on the Consolidated Balance Sheets with their corresponding change in fair value recognized in Other (income) expense, net, together with the remeasurement gain or loss from the hedged balance sheet position and/or embedded derivative contract.
CY2021 us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
EMBEDDED DERIVATIVESAs 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. 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. 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 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.
CY2021Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
364000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-297000000 USD
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
27000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-324000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
7000000 USD
CY2021 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
8000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
230000000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
517000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-287000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
14000000 USD
CY2020 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
2000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44538000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44538000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37403000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37403000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2021Q2 us-gaap Property Plant And Equipment Net
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337000000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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534000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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530000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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490000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
437000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
357000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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3745000000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
347000000 USD
CY2021Q2 us-gaap Operating Lease Liability
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3398000000 USD
CY2021Q2 nke Lessee Operating Lease Liability Agreements Signed But Not Commenced Payments Due
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CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.023
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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OperatingLeasePayments
583000000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
532000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
489000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
705000000 USD

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