$NKE
NIKE, Inc.

2021 Q4 Form 10-Q Financial Statement

#000032018722000004 Filed on January 06, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $11.36B $12.25B $11.24B
YoY Change 1.01% 15.61% 8.88%
Cost Of Revenue $6.144B $6.552B $6.396B
YoY Change -3.94% 11.94% 10.62%
Gross Profit $5.213B $5.696B $4.847B
YoY Change 7.55% 20.14% 6.67%
Gross Profit Margin 45.9% 46.51% 43.11%
Selling, General & Admin $3.759B $3.572B $3.267B
YoY Change 15.06% 20.07% -1.71%
% of Gross Profit 72.11% 62.71% 67.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $184.0M $177.0M $247.0M
YoY Change -25.51% 0.57% 32.09%
% of Gross Profit 3.53% 3.11% 5.1%
Operating Expenses $3.759B $3.572B $3.267B
YoY Change 15.06% 20.07% -1.71%
Operating Profit $1.454B $2.124B $1.580B
YoY Change -7.97% 20.27% 29.51%
Interest Expense -$55.00M -$57.00M -$70.00M
YoY Change -21.43% -12.31% 483.33%
% of Operating Profit -3.78% -2.68% -4.43%
Other Income/Expense, Net $102.0M $39.00M -$54.00M
YoY Change -288.89% 178.57% -231.71%
Pretax Income $1.501B $2.106B $1.456B
YoY Change 3.09% 22.8% 16.57%
Income Tax $164.0M $232.0M $205.0M
% Of Pretax Income 10.93% 11.02% 14.08%
Net Earnings $1.337B $1.874B $1.251B
YoY Change 6.87% 23.45% 12.2%
Net Earnings / Revenue 11.77% 15.3% 11.13%
Basic Earnings Per Share $0.84 $1.18 $0.80
Diluted Earnings Per Share $0.83 $1.16 $0.78
COMMON SHARES
Basic Shares Outstanding 1.582B shares 1.582B shares 1.573B shares
Diluted Shares Outstanding 1.617B shares 1.620B shares 1.610B shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.10B $13.70B $11.81B
YoY Change 27.86% 44.46% 237.29%
Cash & Equivalents $10.75B $10.72B $8.635B
Short-Term Investments $4.352B $2.975B $3.177B
Other Short-Term Assets $1.822B $1.655B $1.992B
YoY Change -8.53% -14.65% 6.18%
Inventory $6.506B $6.699B $6.090B
Prepaid Expenses
Receivables $3.746B $4.341B $3.713B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.18B $26.39B $23.61B
YoY Change 15.12% 20.3% 44.22%
LONG-TERM ASSETS
Property, Plant & Equipment $4.812B $4.869B $4.959B
YoY Change -2.96% -2.01% 6.23%
Goodwill $242.0M $242.0M $223.0M
YoY Change 8.52% 8.52% -0.45%
Intangibles $265.0M $267.0M $270.0M
YoY Change -1.85% -1.84% -2.53%
Long-Term Investments
YoY Change
Other Assets $3.404B $3.071B $2.691B
YoY Change 26.5% 13.78% 23.33%
Total Long-Term Assets $11.74B $11.53B $11.23B
YoY Change 4.55% 1.82% 9.73%
TOTAL ASSETS
Total Short-Term Assets $27.18B $26.39B $23.61B
Total Long-Term Assets $11.74B $11.53B $11.23B
Total Assets $38.92B $37.92B $34.84B
YoY Change 11.71% 14.01% 30.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.795B $2.135B $2.154B
YoY Change 29.76% 7.67% -18.01%
Accrued Expenses $5.431B $5.296B $6.030B
YoY Change -9.93% -7.77% 29.07%
Deferred Revenue
YoY Change
Short-Term Debt $9.000M $15.00M $41.00M
YoY Change -78.05% -89.05% -86.33%
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $8.857B $8.269B $8.871B
YoY Change -0.16% -4.06% 7.35%
LONG-TERM LIABILITIES
Long-Term Debt $9.417B $9.415B $9.410B
YoY Change 0.07% 0.07% 171.81%
Other Long-Term Liabilities $2.835B $2.898B $2.896B
YoY Change -2.11% -2.13% 6.31%
Total Long-Term Liabilities $9.417B $9.415B $9.410B
YoY Change 0.07% 0.07% 171.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.857B $8.269B $8.871B
Total Long-Term Liabilities $9.417B $9.415B $9.410B
Total Liabilities $18.27B $17.68B $18.28B
YoY Change -0.04% -1.9% 55.9%
SHAREHOLDERS EQUITY
Retained Earnings $3.786B $3.886B $1.730B
YoY Change 118.84% 319.2% 9.7%
Common Stock $10.99B $10.52B $9.336B
YoY Change 17.72% 21.0% 20.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.92B $14.34B $10.64B
YoY Change
Total Liabilities & Shareholders Equity $38.92B $37.92B $34.84B
YoY Change 11.71% 14.01% 30.95%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $1.337B $1.874B $1.251B
YoY Change 6.87% 23.45% 12.2%
Depreciation, Depletion And Amortization $184.0M $177.0M $247.0M
YoY Change -25.51% 0.57% 32.09%
Cash From Operating Activities $2.757B $1.111B $2.473B
YoY Change 11.48% 25.96% 171.16%
INVESTING ACTIVITIES
Capital Expenditures -$178.0M $184.0M -$168.0M
YoY Change 5.95% 4.55% -29.41%
Acquisitions
YoY Change
Other Investing Activities -$1.428B -$102.0M -$1.820B
YoY Change -21.54% 5000.0% 800.99%
Cash From Investing Activities -$1.606B $501.0M -$1.988B
YoY Change -19.22% -156.36% 351.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $752.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.103B -$743.0M -44.00M
YoY Change 2406.82% 199.6% -94.87%
NET CHANGE
Cash From Operating Activities 2.757B $1.111B 2.473B
Cash From Investing Activities -1.606B $501.0M -1.988B
Cash From Financing Activities -1.103B -$743.0M -44.00M
Net Change In Cash 48.00M $831.0M 441.0M
YoY Change -89.12% -515.5% -214.25%
FREE CASH FLOW
Cash From Operating Activities $2.757B $1.111B $2.473B
Capital Expenditures -$178.0M $184.0M -$168.0M
Free Cash Flow $2.935B $927.0M $2.641B
YoY Change 11.13% 31.3% 129.65%

Facts In Submission

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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
444000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
163000000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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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
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3355000000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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3891000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
802000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2032000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
914000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
344000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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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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13000000 USD
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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173000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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846000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
781000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1723000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
769000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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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
NetCashProvidedByUsedInFinancingActivities
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
118000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-292000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
862000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
287000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9889000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8348000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10751000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8635000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
103000000 USD
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
481000000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
435000000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
256000000 USD
CY2021Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
968000000 USD
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.305
CY2021Q4 us-gaap Dividends
Dividends
483000000 USD
CY2021Q4 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
57000000 USD
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
170000000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
1337000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
212000000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
14924000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
366000000 USD
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.275
CY2020Q4 us-gaap Dividends
Dividends
437000000 USD
CY2020Q4 nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
75000000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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189000000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1251000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-28000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
10640000000 USD
nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
27000000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
12767000000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
725000000 USD
us-gaap Stock Repurchased During Period Value
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1710000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.580
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
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us-gaap Dividends
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918000000 USD
nke Issuance Of Shares To Employees Value Net Of Shares Withheld For Taxes
IssuanceOfSharesToEmployeesValueNetOfSharesWithheldForTaxes
18000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
306000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3211000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
525000000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
14924000000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
8055000000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
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657000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.520
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.10
us-gaap Dividends
Dividends
820000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
325000000 USD
us-gaap Net Income Loss
NetIncomeLoss
2769000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
10640000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2021Q2 nke Allowance For Sales Discounts And Returns
AllowanceForSalesDiscountsAndReturns
1077000000 USD
CY2021Q4 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
1178000000 USD
CY2021Q2 nke Accrued Compensation And Benefits Excluding Taxes Current
AccruedCompensationAndBenefitsExcludingTaxesCurrent
1472000000 USD
CY2021Q4 nke Allowance For Sales Discounts And Returns
AllowanceForSalesDiscountsAndReturns
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CY2021Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
482000000 USD
CY2021Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
436000000 USD
CY2021Q4 nke Accrual For Cumulative Foreign Currency Translation Losses Current
AccrualForCumulativeForeignCurrencyTranslationLossesCurrent
344000000 USD
CY2021Q2 nke Accrual For Cumulative Foreign Currency Translation Losses Current
AccrualForCumulativeForeignCurrencyTranslationLossesCurrent
358000000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2524000000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2720000000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5431000000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6063000000 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
10438000000 USD
CY2021Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
10275000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.110
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.127
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
926000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
651000000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
896000000 USD
CY2021Q4 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear
23000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
226000000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
203000000 USD
CY2021Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
20000000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
87000000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
108000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
273000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
189000000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
1337000000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1251000000 USD
us-gaap Net Income Loss
NetIncomeLoss
3211000000 USD
us-gaap Net Income Loss
NetIncomeLoss
2769000000 USD
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1582400000 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1573000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1582200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1567400000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
35000000.0 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.98
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.03
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34500000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1617400000 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1609500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1618500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1601900000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.77
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
547000000 USD
CY2021Q4 nke Credit Risk Related Contingent Features Collateral Threshold
CreditRiskRelatedContingentFeaturesCollateralThreshold
50000000 USD
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
471000000 USD
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.
CY2021Q4 nke Credit Risk Related Contingent Features Collateral Threshold
CreditRiskRelatedContingentFeaturesCollateralThreshold
50000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
92000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
79000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
457000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11357000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11243000000 USD
CY2021Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6144000000 USD
CY2020Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6396000000 USD
CY2021Q4 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1017000000 USD
CY2020Q4 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
729000000 USD
CY2021Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
102000000 USD
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-54000000 USD
CY2021Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-55000000 USD
CY2020Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-70000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23605000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21837000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12696000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12249000000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1935000000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1406000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
141000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-40000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-112000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-135000000 USD
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
CASH FLOW HEDGESAll 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 Unaudited Condensed 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.
CY2021Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
296000000 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 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 remeasurement gain or loss from the hedged balance sheet position and/or embedded derivative contract.
CY2021Q4 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
187000000 USD
CY2021Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-25000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
212000000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
29000000 USD
CY2021Q4 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-2000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
13000000 USD
CY2020Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
41000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-28000000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
4000000 USD
CY2020Q4 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-4000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
416000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-109000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
525000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
70000000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
5000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-208000000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6854000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
165000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-373000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-1000000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-7000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11357000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11357000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11243000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11243000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23605000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23605000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21837000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21837000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11357000000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11243000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23605000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21837000000 USD
CY2021Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-55000000 USD
CY2020Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-70000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-112000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-135000000 USD
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1501000000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1456000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3607000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3171000000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3746000000 USD
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4463000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6506000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4812000000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4904000000 USD

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