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10-K true 2026-05-31 --05-31 false 1-10635 NIKE, Inc. OR 93-0584541 One Bowerman Drive Beaverton OR 97005-6453 503 671-6453 Class B Common Stock NKE NYSE Yes Yes Yes No Large Accelerated Filer false false true false false 4015962912 76513157723 80529120635 281387752 1202110951 <div style="margin-bottom:6pt;margin-top:3pt">Parts of Registrant's Proxy Statement for the Annual Meeting of Shareholders to be held on September 8, 2026, are incorporated by reference into Part III of this report.</div> <div style="margin-bottom:6pt;margin-top:3pt">At NIKE, cybersecurity risk management is an important part of our overall risk management efforts. We have cybersecurity processes, technologies and controls in place to aid in our efforts to assess, identify and manage material risks associated with cybersecurity threats. We assess cybersecurity risk at both the board and management levels.</div><div style="margin-bottom:3pt;margin-top:5pt">Management’s Role in Managing Risk</div><div style="margin-bottom:6pt;margin-top:3pt">At the management level, primary responsibility for assessing and managing material risks from cybersecurity threats rests with our Vice President, Foundational Technology & Services ("VP, FTS") who has over two decades of experience in data and information technology. The work within this organization is managed by two senior leaders, who each have over two decades of experience in information technology and cybersecurity. The VP, FTS reports to our Chief Technology Officer, who has significant experience leading technology teams at large public companies.</div><div style="margin-bottom:6pt;margin-top:3pt">Our approach to managing cybersecurity risk is informed by the industry-standard National Institute of Standards and Technology Cybersecurity Framework. The VP, FTS has primary responsibility for implementing and overseeing our enterprise-wide cybersecurity strategy, policy, architecture and processes. We use various tools and methodologies to identify and manage cybersecurity risk, including risk assessments and a vulnerability management program that includes periodic penetration testing. We have a third-party cyber risk management program that conducts assessments on third parties who integrate with our data, network, systems and applications. These tools and methodologies inform our remediation activities, which are tracked and reported to senior management.</div><div style="margin-bottom:6pt;margin-top:3pt">In addition, our internal audit function periodically conducts independent testing of the overall operations of our cybersecurity program and supporting control frameworks, and reports the results to the Audit & Finance Committee. We also engage third parties to assess our cybersecurity program maturity and to perform audits of portions of our cybersecurity control environment based on risk or where necessary to ensure regulatory compliance.</div><div style="margin-bottom:6pt;margin-top:3pt">Our cybersecurity team meets frequently to monitor the prevention, detection, mitigation and remediation of cybersecurity threats and incidents. In the event of a cybersecurity incident, we have an incident response plan that governs our immediate response including detection, escalation, assessment, management and remediation. As part of incident response, the cybersecurity team will also coordinate with external advisors and other key stakeholders as needed. The cybersecurity team routinely tests this plan across the organization to validate the procedures for appropriately escalating potentially material cybersecurity risks and incidents. Also, we provide an annual, mandatory cybersecurity training program for employees that is intended to help them understand cybersecurity risks and comply with our cybersecurity policies.</div><div style="margin-bottom:3pt;margin-top:5pt">Risks from Cybersecurity Threats</div><div style="margin-bottom:6pt;margin-top:3pt">Even though, to date, cybersecurity risks have not materially affected our business or our results of operations, we have experienced cybersecurity incidents in the past and continue to face numerous and evolving cybersecurity threats. There can be no assurance that we, or the third parties with which we interact, will not experience a cybersecurity incident in the future that will materially affect us. For additional information about the cybersecurity risks we face, see the risk factor entitled “We rely significantly on information technology to operate our business, including our supply chain and retail operations, and any failure, inadequacy or interruption of that technology could harm our ability to effectively operate our business” in Item 1A. Risk Factors.</div> <div style="margin-bottom:6pt;margin-top:3pt">At NIKE, cybersecurity risk management is an important part of our overall risk management efforts. We have cybersecurity processes, technologies and controls in place to aid in our efforts to assess, identify and manage material risks associated with cybersecurity threats. We assess cybersecurity risk at both the board and management levels.</div> true <div style="margin-bottom:6pt;margin-top:3pt">At the management level, primary responsibility for assessing and managing material risks from cybersecurity threats rests with our Vice President, Foundational Technology & Services ("VP, FTS") who has over two decades of experience in data and information technology. The work within this organization is managed by two senior leaders, who each have over two decades of experience in information technology and cybersecurity. The VP, FTS reports to our Chief Technology Officer, who has significant experience leading technology teams at large public companies.</div> <div style="margin-bottom:6pt;margin-top:3pt">At the management level, primary responsibility for assessing and managing material risks from cybersecurity threats rests with our Vice President, Foundational Technology & Services ("VP, FTS") who has over two decades of experience in data and information technology. The work within this organization is managed by two senior leaders, who each have over two decades of experience in information technology and cybersecurity. The VP, FTS reports to our Chief Technology Officer, who has significant experience leading technology teams at large public companies.</div> At the management level, primary responsibility for assessing and managing material risks from cybersecurity threats rests with our Vice President, Foundational Technology & Services ("VP, FTS") who has over two decades of experience in data and information technology.Our Board of Directors has ultimate oversight of cybersecurity risk as part of its risk management oversight responsibilities, including with respect to cybersecurity risk priorities, resource allocation and oversight structures. The Board of Directors receives an update on our cybersecurity program on a quarterly basis, or more frequently as determined to be necessary or advisable. The Board of Directors has delegated risk management oversight responsibility for information security and data protection to the Audit & Finance Committee, which regularly reviews our cybersecurity program and related matters with management and reports to the Board of Directors. true true <div style="margin-bottom:6pt;margin-top:3pt">Our Board of Directors has ultimate oversight of cybersecurity risk as part of its risk management oversight responsibilities, including with respect to cybersecurity risk priorities, resource allocation and oversight structures. The Board of Directors receives an update on our cybersecurity program on a quarterly basis, or more frequently as determined to be necessary or advisable. The Board of Directors has delegated risk management oversight responsibility for information security and data protection to the Audit & Finance Committee, which regularly reviews our cybersecurity program and related matters with management and reports to the Board of Directors. Topics discussed at the board level include our approach to cybersecurity risk management, key initiatives, the threat landscape and recent developments and trends. The Board of Directors is aware of the critical nature of managing risks associated with cybersecurity threats and is actively engaged in our cybersecurity risk management strategy.</div> The Board of Directors receives an update on our cybersecurity program on a quarterly basis, or more frequently as determined to be necessary or advisable. The Board of Directors has delegated risk management oversight responsibility for information security and data protection to the Audit & Finance Committee, which regularly reviews our cybersecurity program and related matters with management and reports to the Board of Directors The Board of Directors has delegated risk management oversight responsibility for information security and data protection to the Audit & Finance Committee, which regularly reviews our cybersecurity program and related matters with management and reports to the Board of Directors. Topics discussed at the board level include our approach to cybersecurity risk management, key initiatives, the threat landscape and recent developments and trends. The Board of Directors is aware of the critical nature of managing risks associated with cybersecurity threats and is actively engaged in our cybersecurity risk management strategy. The Board of Directors has delegated risk management oversight responsibility for information security and data protection to the Audit & Finance Committee, which regularly reviews our cybersecurity program and related matters with management and reports to the Board of Directors. true true false PricewaterhouseCoopers LLP Portland, Oregon

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The Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the "Company" or "NIKE"). All significant intercompany transactions and balances have been eliminated.

<div style="margin-bottom:6pt;margin-top:3pt">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.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications did not have a material impact on the previously reported Consolidated Financial Statements.</div>

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<div style="margin-bottom:6pt;margin-top:3pt">Revenue transactions associated with the sale of NIKE Brand footwear, apparel and equipment, as well as Converse products, comprise a single performance obligation, which consists of the sale of products to customers either through wholesale or direct to consumer channels. The Company satisfies the performance obligation and records revenues when transfer of control to the customer has occurred, based on the terms of sale. A customer is considered to have control once they are able to direct the use and receive substantially all of the benefits of the product. </div><div style="margin-bottom:6pt;margin-top:3pt">Control is transferred to wholesale customers upon shipment or upon receipt depending on the country of the sale and the arrangement with the customer. Control transfers to retail store customers at the time of sale and to substantially all digital commerce customers upon shipment. The transaction price is determined based upon the invoiced sales price, less anticipated sales returns, discounts and claims from customers. Payment terms for wholesale transactions depend on the agreement with the customer, which may be governed by the country of sale, and payment is generally required within 90 days or less of shipment to or receipt by the wholesale customer. Payment is due at the time of sale for retail store and digital commerce transactions.</div><div style="margin-bottom:6pt;margin-top:3pt">Consideration for trademark licensing contracts is earned through sales-based or usage-based royalty arrangements, and the associated revenues are recognized over the license period as earned. </div><div style="margin-bottom:6pt;margin-top:3pt">Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue-producing transaction, and are collected by the Company from a customer, are excluded from Revenues and Cost of sales in the Consolidated Statements of Income. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in Cost of sales when the related revenues are recognized.</div><div style="margin-bottom:6pt">SALES-RELATED RESERVES</div><div style="margin-bottom:6pt;margin-top:3pt">Consideration promised in the Company's contracts with customers is variable due to anticipated reductions, such as sales returns, discounts and claims from customers. The Company estimates the most likely amount it will be entitled to receive and records an anticipated reduction against Revenues, with an offsetting increase to Accrued liabilities at the time revenues are recognized. The related estimated cost of inventory for product returns is recorded as a reduction to Cost of sales with an offsetting increase to Prepaid expenses and other current assets.</div><div style="margin-bottom:6pt;margin-top:3pt">The provision for anticipated sales returns consists of both contractual return rights and discretionary authorized returns. Provisions for post-invoice sales discounts consist of both contractual programs and discretionary discounts that are expected to be granted at a later date.</div><div style="margin-bottom:6pt;margin-top:3pt">Estimates of discretionary authorized returns, discounts and claims are based on (1) historical rates, (2) specific identification of outstanding returns not yet received from customers and outstanding discounts and claims and (3) estimated returns, discounts and claims expected but not yet finalized with customers. Actual returns, discounts and claims in any future period are inherently uncertain and thus may differ from estimates recorded. If actual or expected future returns, discounts or claims are significantly greater or lower than the reserves established, a reduction or increase to Revenues is recorded in the period in which such determination is made.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Cost of sales consists primarily of inventory costs, as well as warehousing costs (including the cost of warehouse labor), shipping and handling costs, third-party royalties, certain foreign currency hedge gains and losses and product design costs.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Demand creation expense consists of brand marketing expense and sports marketing expense.</div><div style="margin-bottom:6pt;margin-top:3pt">Brand marketing expense includes advertising and promotion costs such as production and media costs, digital marketing expense, brand events and retail brand presentation costs. Advertising production costs are expensed the first time an advertisement is run. Advertising media costs are expensed when the advertisement appears. Costs related to brand events are expensed when the event occurs. Costs related to retail brand presentation are expensed when the presentation is complete and delivered.</div><div style="margin-bottom:6pt;margin-top:3pt">Sports marketing expense includes expenses related to endorsement contracts, complimentary product and sports marketing events. A significant amount of the Company's promotional expenses result from payments under endorsement contracts. In general, endorsement payments are expensed on a straight-line basis over the term of the contract. However, certain contracts contain elements that may be accounted for differently based upon the facts and circumstances of each individual contract. Prepayments made under contracts are included in Prepaid expenses and other current assets or Deferred income taxes and other assets depending on the period to which the prepayment applies.</div><div style="margin-bottom:6pt;margin-top:3pt">Certain contracts provide for contingent payments to endorsers based upon specific achievements in their sport (e.g., winning a championship). The Company records Demand creation expense for these amounts when the endorser achieves the specific goal.</div><div style="margin-bottom:6pt;margin-top:3pt">Certain contracts provide for variable payments based upon endorsers maintaining a level of performance in their sport over an extended period of time (e.g., maintaining a specified ranking in a sport for a year). When the Company determines payments are probable, the amounts are reported in Demand creation expense ratably over the contract period based on the Company's best estimate of the endorser's performance. In these instances, to the extent actual payments to the endorser differ from the Company's estimate due to changes in the endorser's performance, adjustments to Demand creation expense may be recorded in a future period.</div><div style="margin-bottom:6pt;margin-top:3pt">Certain contracts provide for royalty payments to endorsers based upon a predetermined percentage of sales of particular products, which the Company records in Cost of sales as the related sales occur. For contracts containing minimum guaranteed royalty payments, the Company records the amount of any guaranteed payment in excess of that earned through sales of product within Demand creation expense.</div><div style="margin-bottom:6pt;margin-top:3pt">Through cooperative advertising programs, the Company reimburses its wholesale customers for certain costs of advertising the Company's products. To the extent the Company receives a distinct good or service in exchange for consideration paid to the customer that does not exceed the fair value of that good or service, the amounts reimbursed are recorded in Demand creation expense.</div>

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<div style="margin-bottom:6pt;margin-top:3pt">Operating overhead expense consists primarily of wage and benefit-related expenses and other administrative expenses, such as research and development costs, bad debt expense, rent, depreciation and amortization and costs related to professional services, certain technology investments, meetings and travel.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Cash and equivalents represent cash and short-term, highly liquid investments, that are both readily convertible to known amounts of cash and so near their maturity they present insignificant risk of changes in value because of changes in interest rates, with maturities three months or less at the date of purchase.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Short-term investments consist of highly liquid investments with maturities over three months at the date of purchase and are classified as available-for-sale debt securities. These securities are recorded at fair value, with unrealized gains and losses reported, net of tax, in Accumulated other comprehensive income (loss), unless such losses are determined to be unrecoverable. Realized gains and losses on the sale of securities are determined by specific identification. The Company considers all available-for-sale debt securities, including those with maturity dates beyond 12 months, as available to support current operational liquidity needs and, therefore, classifies all securities with maturity dates beyond three months at the date of purchase as current assets within Short-term investments on the Consolidated Balance Sheets.</div>

Accounts receivable, net consist primarily of amounts due from customers. The Company makes ongoing estimates relating to the collectability of its accounts receivable and maintains an allowance for expected losses resulting from the inability of its customers to make required payments. In addition to judgments about the creditworthiness of significant customers based on ongoing credit evaluations, the Company considers historical levels of credit losses, as well as macroeconomic and industry trends to determine the amount of the allowance.

<div style="margin-bottom:6pt;margin-top:3pt">Inventory costs primarily consist of product cost from the Company's suppliers, as well as inbound freight, import duties, taxes, insurance, logistics and other handling fees. Inventories, substantially all of which are finished goods, are stated at lower of cost and net realizable value and valued on either an average or a specific identification cost basis. In some instances, the Company ships products directly from its suppliers to the customer, with the related inventory and cost of sales recognized on a specific identification basis.</div>If the net realizable value of inventory is estimated to be less than the cost of the inventory, a reserve is recorded equal to the difference between the cost of the inventory and the estimated net realizable value. This reserve is recorded as a charge to Cost of sales.

213000000

233000000

<div style="margin-bottom:6pt;margin-top:3pt">Property, plant and equipment are recorded at cost. Depreciation is determined on a straight-line basis for land improvements, buildings and leasehold improvements over 2 to 40 years and for machinery and equipment over 2 to 15 years.</div><div style="margin-bottom:6pt;margin-top:3pt">Depreciation of assets used in warehousing and product distribution is recorded in Cost of sales. Depreciation of all other assets is recorded in Operating overhead expense.</div>

P2Y

P40Y

P2Y

P15Y

<div style="margin-bottom:6pt;margin-top:3pt">Expenditures for major software purchases and software developed for internal use are capitalized and amortized over 2 to 12 years on a straight-line basis, once ready for their intended use. The Company's policy provides for the capitalization of external direct costs associated with developing or obtaining internal use computer software. The Company also capitalizes certain payroll and payroll-related costs for employees who are directly associated with internal use computer software projects. The amount of capitalizable payroll costs with respect to these employees is limited to the time directly spent on such projects. Costs associated with preliminary project stage activities, training, maintenance and all other post-implementation stage activities are expensed as incurred.</div>

P2Y

P12Y

<div style="margin-bottom:6pt;margin-top:3pt">The Company reviews the carrying value of long-lived assets or asset groups to be used in operations whenever events or changes in circumstances indicate the carrying amount of the assets might not be recoverable. Factors that would necessitate an impairment assessment include a significant adverse change in the extent or manner in which an asset is used, a significant adverse change in legal factors or the business climate that could affect the value of the asset or a significant decline in the observable market value of an asset, among others. If such facts indicate a potential impairment, the Company would assess the recoverability of an asset group by determining if the carrying value of the asset group exceeds the sum of the projected undiscounted cash flows expected to result from the use and eventual disposition of the assets over the remaining economic life of the primary asset in the asset group. If the recoverability test indicates that the carrying value of the asset group is not recoverable, the Company will estimate the fair value of the asset group using appropriate valuation methodologies, which would typically include an estimate of discounted cash flows. Any impairment would be measured as the difference between the asset group's carrying amount and its estimated fair value.</div>

<div style="margin-bottom:6pt;margin-top:3pt">The Company performs annual impairment tests on goodwill and intangible assets with indefinite lives in the fourth quarter of each fiscal year or when events occur or circumstances change that would, more likely than not, reduce the fair value of a reporting unit or an intangible asset with an indefinite life below its carrying value. </div><div style="margin-bottom:6pt;margin-top:3pt">For purposes of testing goodwill for impairment, the Company allocates goodwill across its reporting units, which are considered the Company's operating segments. For both goodwill and indefinite-lived intangible assets, which primarily consist of acquired trade names and trademarks, the Company may first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit or an intangible asset with an indefinite life is less than its carrying amount. If, after assessing the totality of events and circumstances, the Company determines it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset is greater than its carrying amount, an impairment test is unnecessary. </div>If an impairment test is necessary, the Company will estimate the fair value of the related reporting unit or indefinite-lived intangible asset. If the carrying value of a reporting unit or indefinite-lived intangible asset exceeds its fair value, the goodwill of that reporting unit or indefinite-lived intangible asset is determined to be impaired and the Company will record an impairment charge equal to the excess of the carrying value over the related fair value.

<div style="margin-bottom:6pt;margin-top:3pt">The Company primarily leases retail store space, certain distribution and warehouse facilities, office space, equipment and other non-real estate assets. The Company determines if an arrangement is a lease at inception and begins recording lease activity at the commencement date, which is generally the date in which the Company takes possession of or controls the physical use of the asset. Lease components are not separated from non-lease components for real estate leases within the Company's lease portfolio. Right-of-use ("ROU") assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. The Company's incremental borrowing rate is used to determine the present value of future lease payments unless the implicit rate is readily determinable. </div><div style="margin-bottom:6pt;margin-top:3pt">Lease agreements may contain rent escalation clauses, renewal or termination options, rent holidays or certain landlord incentives, including tenant improvement allowances. ROU assets include amounts for scheduled rent increases and are reduced by the amount of lease incentives. The lease term includes the non-cancelable period of the lease and options to extend or terminate the lease when it is reasonably certain the Company will exercise those options. The Company does not record leases with an initial term of 12 months or less on the Consolidated Balance Sheets and recognizes related lease payments in the Consolidated Statements of Income on a straight-line basis over the lease term. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation as a result of changes in a published index, primarily the Consumer Price Index, and are expensed as incurred.</div>

<div style="margin-bottom:6pt;margin-top:3pt">The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivatives and available-for-sale debt securities. Fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. The Company uses a three-level hierarchy that prioritizes fair value measurements based on the types of inputs used, as follows:</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-indent:-9pt">•Level 1: Quoted prices in active markets for identical assets or liabilities.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-indent:-9pt">•Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:18pt;text-indent:-9pt">•Level 3: Unobservable inputs with little or no market data available, which require the Company to develop its own assumptions.</div><div style="margin-bottom:6pt;margin-top:3pt">The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Financial assets and liabilities are classified in their entirety based on the most conservative level of input that is significant to the fair value measurement.</div><div style="margin-bottom:6pt;margin-top:3pt">Pricing vendors are utilized for a majority of Level 1 and Level 2 investments. These vendors either provide a quoted market price in an active market or use observable inputs without applying significant adjustments in their pricing. Observable inputs include broker quotes, interest rates and yield curves observable at commonly quoted intervals, volatilities and credit risks. The fair value of derivative contracts is determined using observable market inputs such as the daily market foreign currency rates, forward pricing curves, currency volatilities, currency correlations and interest rates and considers nonperformance risk of the Company and its counterparties. </div><div style="margin-bottom:6pt;margin-top:3pt">The Company's fair value measurement process includes comparing fair values to another independent pricing vendor to ensure appropriate fair values are recorded.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Adjustments resulting from translating foreign functional currency financial statements into U.S. Dollars are included in the foreign currency translation adjustment, a component of Accumulated other comprehensive income (loss).</div><div style="margin-bottom:6pt;margin-top:3pt">The Company's global subsidiaries have various monetary assets and liabilities, primarily receivables and payables, which are denominated in currencies other than their functional currency. These balance sheet items are subject to remeasurement, the impact of which is recorded in Other (income) expense, net, within the Consolidated Statements of Income.</div>

<div style="margin-bottom:6pt;margin-top:3pt">The Company uses derivative financial instruments to reduce its exposure to changes in foreign currency exchange rates and interest rates. All derivatives are recorded at fair value on the Consolidated Balance Sheets and changes in the fair value of derivative financial instruments are either recognized in Accumulated other comprehensive income (loss), Long-term debt or Net income depending on the nature of the underlying exposure, whether the derivative is formally designated as a hedge and, if designated, the extent to which the hedge is effective. The Company classifies the cash flows at settlement from derivatives in the same category as the cash flows from the related hedged items. For undesignated hedges, designated cash flow hedges and fair value hedges, this is primarily within the Cash provided (used) by operations component of the Consolidated Statements of Cash Flows. For designated net investment hedges, this is within the Cash provided (used) by investing activities component of the Consolidated Statements of Cash Flows.</div>

<div style="margin-bottom:6pt;margin-top:3pt">The Company accounts for stock-based compensation by estimating the fair value, net of estimated forfeitures, of equity awards and recognizing the related expense as Cost of sales or Operating overhead expense, as applicable, in the Consolidated Statements of Income on a straight-line basis over the vesting period. Substantially all awards vest ratably over four years of continued employment, with stock options expiring 10 years from the date of grant. Substantially all performance-based restricted stock units vest based on the Company's achievement of certain performance criteria throughout the three-year performance period and continued employment through the vesting date. The fair value of options, stock appreciation rights and employees' purchase rights under the employee stock purchase plans ("ESPPs") is determined using the Black-Scholes option pricing model. The fair value of restricted stock and time-vesting restricted stock units is established by the market price on the date of grant. The fair value of performance-based restricted stock units is estimated as of the grant date using a Monte Carlo simulation.</div> From time to time, the Company's Board of Directors authorizes share repurchase programs for the repurchase of Class B Common Stock. The value of repurchased shares is deducted from Total shareholders' equity through allocation to Capital in excess of stated value and Retained earnings (deficit).

P4Y

P10Y

P3Y

<div style="margin-bottom:6pt;margin-top:3pt">The Company accounts for income taxes using the asset and liability method. This approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company records a valuation allowance to reduce deferred tax assets to the amount management believes is more likely than not to be realized. Realization of deferred tax assets is dependent on future taxable earnings and is therefore uncertain. At least quarterly, the Company assesses taxable income in prior carryback periods, the scheduled reversal of deferred tax liabilities, projected future taxable income and available tax planning strategies. The Company uses forecasts of taxable income and considers foreign tax credit utilization in making this assessment of realization, which are inherently uncertain and can result in variation between estimated and actual results. To the extent the Company believes that recovery is not likely, a valuation allowance is established against the net deferred tax asset, which increases the Company's income tax expense in the period when such determination is made.</div><div style="margin-bottom:6pt;margin-top:3pt">The Company recognizes a tax benefit from uncertain tax positions in the consolidated financial statements only when it is more likely than not the position will be sustained upon examination by relevant tax authorities. The Company recognizes interest and penalties related to income tax matters in Income tax expense.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Basic earnings per common share is calculated by dividing Net income by the weighted average number of common shares outstanding during the year. Diluted earnings per common share is calculated by adjusting weighted average outstanding shares, assuming conversion of all potentially dilutive stock options and awards.</div>

<div style="margin-bottom:6pt;margin-top:3pt">In December 2023, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The Company adopted this ASU in fiscal 2026 and the related disclosures are included in Note 7 — Income Taxes. The amendments were effective for the Company's annual periods beginning June 1, 2025 and have been applied prospectively.</div><div style="margin-bottom:6pt;margin-top:3pt">In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for the Company's annual periods beginning June 1, 2027, and interim periods beginning June 1, 2028, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.</div>In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, which includes amendments to more closely align hedge accounting with the economics of an entity’s risk management activities. The amendments are effective for the Company’s annual periods beginning June 1, 2027 and interim periods within those fiscal years, with early adoption permitted, and should be applied prospectively. The Company is currently evaluating the ASU to determine its impact on the Company’s financial statements and related disclosures.

<div style="margin-bottom:6pt;margin-top:3pt">Property, plant and equipment, net included the following:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Land and improvements</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">333 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">334 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Buildings</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,589 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,510 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Machinery and equipment</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,027 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,954 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Internal-use software</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,832 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,693 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Leasehold improvements</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,114 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,037 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Construction in process</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">427 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">404 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total property, plant and equipment, gross</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,322 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,932 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Less accumulated depreciation and amortization</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,526 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,104 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL PROPERTY, PLANT AND EQUIPMENT, NET</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,796 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,828 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

333000000

334000000

3589000000

3510000000

3027000000

2954000000

1832000000

1693000000

2114000000

2037000000

427000000

404000000

11322000000

10932000000

6526000000

6104000000

4796000000

4828000000

<div style="margin-bottom:6pt;margin-top:3pt">Accrued liabilities included the following:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Sales-related reserves </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,589 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,834 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Compensation and benefits, excluding taxes</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,569 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,245 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Dividends payable</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">618 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">598 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,316 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,239 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL ACCRUED LIABILITIES</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,092 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,916 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

1589000000 1834000000 1569000000 1245000000

618000000

598000000

2316000000

2239000000

6092000000

5916000000

<div style="margin-bottom:6pt;margin-top:3pt">The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of May 31, 2026 and 2025, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:39.240%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.219%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.219%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.922%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31, 2026</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASSETS AT FAIR VALUE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CASH AND EQUIVALENTS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">SHORT-TERM INVESTMENTS</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,719 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,719 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Level 1:</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">U.S. Treasury securities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">769 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">767 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Level 2:</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Commercial paper and bonds</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">690 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">677 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Money market funds</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,601 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,601 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Time deposits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">228 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">228 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">U.S. Agency securities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total Level 2</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,539 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,842 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">697 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">9,027 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,563 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,464 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table> </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:39.240%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.219%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.219%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.922%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASSETS AT FAIR VALUE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CASH AND EQUIVALENTS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">SHORT-TERM INVESTMENTS</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,221 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,221 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Level 1:</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">U.S. Treasury securities</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,046 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,046 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Level 2:</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Commercial paper and bonds</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">675 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">630 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Money market funds</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,902 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,902 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Time deposits</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">297 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">295 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">U.S. Agency securities</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total Level 2</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,884 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,243 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">641 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">9,151 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,464 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,687 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

1719000000

769000000

2000000

767000000

690000000

13000000

677000000

5601000000

228000000

20000000

6539000000

5842000000

697000000

9027000000

7563000000

1464000000

1221000000

1046000000

675000000

45000000

630000000

5902000000

297000000

295000000

2000000

10000000

1000000

9000000

6884000000

6243000000

641000000

9151000000

7464000000

1687000000

590000000

874000000

278000000

404000000

430000000

<div style="margin-bottom:6pt;margin-top:3pt">The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:40.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.946%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.572%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31, 2026</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">DERIVATIVE ASSETS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">DERIVATIVE LIABILITIES</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASSETS AT FAIR VALUE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER CURRENT ASSETS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER LONG-TERM ASSETS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">LIABILITIES AT FAIR VALUE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ACCRUED LIABILITIES</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER LONG-TERM LIABILITIES</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Level 2:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options(1)</div></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">184 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">140 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">333 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">271 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">62 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Interest rate swaps(1)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">190 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">140 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">50 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">343 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">271 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">72 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)If the foreign exchange and interest rate swap derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $175 million as of May 31, 2026. As of that date, the Company posted $119 million cash collateral to various counterparties on the derivative liability balance and no amount of collateral was received from counterparties on the derivative asset balance.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:40.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.946%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.572%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">DERIVATIVE ASSETS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">DERIVATIVE LIABILITIES</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASSETS AT FAIR VALUE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER CURRENT ASSETS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER LONG-TERM ASSETS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">LIABILITIES AT FAIR VALUE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ACCRUED LIABILITIES</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER LONG-TERM LIABILITIES</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Level 2:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options(1)</div></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">107 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">85 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">22 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">368 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">226 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">142 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Interest rate swaps(1)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL</div></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">131 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">85 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">371 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">226 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">145 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)If the foreign exchange and interest rate swap derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $131 million as of May 31, 2025. As of that date, the Company posted $166 million cash collateral to various counterparties on the derivative liability balance and no amount of collateral was received from counterparties on the derivative asset balance.</div><div style="margin-bottom:6pt;margin-top:6pt">The following tables present the fair values of derivative instruments included within the Consolidated Balance Sheets:</div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.177%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">DERIVATIVE ASSETS</td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">BALANCE SHEET LOCATION</td><td colspan="6" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr style="height:15pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Derivatives formally designated as hedging instruments:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign exchange forwards and options</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Prepaid expenses and other current assets</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">111 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">75 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign exchange forwards and options</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Deferred income taxes and other assets</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Interest rate swaps</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Deferred income taxes and other assets</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Total derivatives formally designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">161 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">121 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Derivatives not designated as hedging instruments:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options</div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Prepaid expenses and other current assets</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">29 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total derivatives not designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">29 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL DERIVATIVE ASSETS</td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">190 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">131 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.177%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">DERIVATIVE LIABILITIES</td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">BALANCE SHEET LOCATION</td><td colspan="6" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr style="height:15pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Derivatives formally designated as hedging instruments:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign exchange forwards and options</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Accrued liabilities</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">253 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">216 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign exchange forwards and options</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Deferred income taxes and other liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">142 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Interest rate swaps</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Deferred income taxes and other liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total derivatives formally designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">325 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Derivatives not designated as hedging instruments:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options</div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Accrued liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total derivatives not designated as hedging instruments</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL DERIVATIVE LIABILITIES</td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">343 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">371 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

184000000

140000000

44000000

333000000

271000000

62000000

6000000

10000000

190000000

140000000

50000000

343000000

271000000

72000000

175000000 175000000

119000000

107000000

85000000

22000000

368000000

226000000

142000000

24000000

3000000

131000000

85000000

46000000

371000000

226000000

145000000

131000000 131000000

166000000

P364D

1000000000

1500000000

P364D

1000000000

P364D

0.00625

0.0003

P5Y

2000000000

3000000000

P2Y

0.00725

0.0005

<div style="margin-bottom:6pt;margin-top:3pt">Long-term debt, net of unamortized premiums, discounts, debt issuance costs, and interest rate swap fair value adjustments comprises the following:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.165%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">BOOK VALUE OUTSTANDING AS OF MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Scheduled Maturity (Dollars in millions)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ORIGINAL PRINCIPAL</td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">INTEREST RATE</td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">INTEREST PAYMENTS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Corporate Term Debt:(1)(2)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">November 1, 2026</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.38 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">999 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">March 27, 2027</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.75 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">999 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">March 27, 2030</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,500 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.85 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,495 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,495 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">March 27, 2040(3)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.25 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">986 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">993 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">May 1, 2043(3)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">500 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.63 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">497 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">502 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">November 1, 2045(3)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.88 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">987 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">997 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">November 1, 2046</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">500 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.38 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">493 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">493 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">March 27, 2050</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,500 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.38 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Semi-Annually</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,484 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,483 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,942 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,961 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Less Current portion of long-term debt</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,000 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL LONG-TERM DEBT</td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,942 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,961 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)These senior unsecured obligations rank equally with the Company's other unsecured and unsubordinated indebtedness.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The bonds are redeemable at the Company's option at a price equal to the greater of (i) 100% of the aggregate principal amount of the notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments, plus in each case, accrued and unpaid interest. However, the bonds also feature a par call provision, which allows for the bonds to be redeemed at a price equal to 100% of the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest on or after the Par Call Date, which can range from one to six months prior to the scheduled maturity, as defined in the respective notes.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)The Company entered into interest rate swap agreements pursuant to which the Company receives fixed interest payments at the same rate as the term debt and pays variable interest payments based on SOFR plus a fixed spread. At May 31, 2026, the notional amount outstanding of these swaps was $2.4 billion and had interest rates payable that ranged from 2.9% to 3.8%. These swaps mature during fiscal 2034 and 2035.</div>

1000000000

0.0238

Semi-Annually

1000000000

999000000

1000000000

0.0275

Semi-Annually

1000000000

999000000

1500000000

0.0285

Semi-Annually

1495000000

1000000000

0.0325

Semi-Annually

986000000

993000000

500000000

0.0363

Semi-Annually

497000000

502000000

1000000000

0.0388

Semi-Annually

987000000

997000000

500000000

0.0338

Semi-Annually

493000000

1500000000

0.0338

Semi-Annually

1484000000

1483000000

7942000000

7961000000

2000000000

5942000000

7961000000

2400000000

0.029

0.038

2000000000

1500000000

6800000000

6700000000

<div style="margin-bottom:6pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:15pt">NOTE 7 — INCOME TAXES</div></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">Income before income taxes is as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Income before income taxes:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">United States</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,680 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,220 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,588 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,220 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">665 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,112 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL INCOME BEFORE INCOME TAXES</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,900 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,885 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,700 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt">The provision for income taxes is as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Current:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">United States</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Federal</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">443 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">358 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">782 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">State</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">100 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">121 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">201 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">345 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">475 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">514 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total Current</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">888 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">954 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,497 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Deferred:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">United States</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Federal</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(262)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(135)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(422)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">State</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(61)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">156 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(141)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total Deferred</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(96)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(288)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(497)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL INCOME TAX EXPENSE</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">792 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">666 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,000 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">The Company adopted ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, on a prospective basis beginning with fiscal 2026. The following table presents a reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate pursuant to ASU 2023-09:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">YEAR ENDED MAY 31, 2026</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. federal statutory tax rate</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">819 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>State and local income taxes, net of federal income tax effects(1)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">94 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.4 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Foreign tax effects</div></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">China</div></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt">Withholding taxes</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">83 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Mexico</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">59 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.5 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other foreign jurisdictions</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">107 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Effect of cross-border tax laws</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign-derived intangible income benefit</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(113)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.9 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Current Subpart F income</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">179 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.6 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Deferred Subpart F income, including foreign tax credits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(120)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-3.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign tax credits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(353)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-9.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Tax credits</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Research and development tax credits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(65)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-1.7 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other credits</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Nontaxable or nondeductible items</div></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Stock-based compensation</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(28)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-0.7 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Changes in unrecognized tax benefits</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">52 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Other adjustments</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">EFFECTIVE INCOME TAX RATE</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">792 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20.3 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)The state and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include Pennsylvania, New York, California, New York City and Georgia for fiscal 2026.</div><div style="margin-bottom:6pt;margin-top:6pt">The following table presents the required disclosures prior to the Company's adoption of ASU 2023-09 and reconciles the U.S. statutory federal income tax rate to the effective income tax rate as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Federal income tax rate</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">State taxes, net of federal benefit</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.0 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign earnings</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>U.S. tax regulations - foreign currency losses</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-3.4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.0 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign-derived intangible income benefit</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-5.3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-4.8 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Stock-based compensation</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-0.5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Income tax audits and contingency reserves</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.8 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. research and development tax credit</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other, net</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-0.4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.6 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">EFFECTIVE INCOME TAX RATE</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17.1 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14.9 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">The increase in the Company's effective tax rate for fiscal 2026 compared to fiscal 2025 was primarily due to a one-time, non-cash deferred tax benefit recognized in the third quarter of fiscal 2025 provided by finalized U.S. tax regulations. On December 10, 2024, the U.S. Department of Treasury published final regulations related to Internal Revenue Code ("IRC") Section 987 foreign currency gains and losses derived from translation of the operations, assets and liabilities of non-U.S. qualified business units. These regulations required a pre-transition foreign currency gain or loss to be included in the determination of future taxable income or loss. During the third quarter of fiscal 2025, the Company recognized a non-cash deferred income tax benefit of $133 million related to pre-transition foreign currency losses expected to reduce taxable income in future periods.</div><div style="margin-bottom:6pt;margin-top:3pt">The increase in the Company's effective tax rate for fiscal 2025 compared to fiscal 2024 was primarily due to changes in the Company's earnings mix, decreased benefits from stock-based compensation and one-time benefits recognized in fiscal 2024, including the impact of temporary relief provided by the Internal Revenue Service ("IRS") relating to U.S. foreign tax credit regulations. These impacts were partially offset by a one-time, non-cash deferred tax benefit recognized in the third quarter of fiscal 2025 provided by U.S. tax regulations related to IRC Section 987 foreign currency gains and losses.</div><div style="margin-bottom:6pt;margin-top:3pt">On July 4, 2025, the U.S. government enacted The One Big Beautiful Bill Act of 2025 which includes, among other provisions, changes to the U.S. corporate income tax system including the allowance of immediate expensing of qualifying research and development expenses and permanent extensions of certain provisions within the Tax Cuts and Jobs Act. Certain provisions were effective for the Company beginning June 1, 2025. These tax law changes did not have a material impact on the Company's Consolidated Financial Statements for fiscal 2026.</div><div style="margin-bottom:6pt;margin-top:3pt">Deferred income tax assets and liabilities comprise the following as of: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Deferred tax assets:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Inventories</div></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">90 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">98 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Sales return reserves</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">175 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">205 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Deferred compensation</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">449 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">387 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Stock-based compensation</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">313 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">285 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Reserves and accrued liabilities</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">70 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Operating lease liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">427 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">458 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Intangibles</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">198 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">217 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Capitalized research and development expenditures </td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">996 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">923 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Net operating loss carry-forwards</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">75 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Subpart F deferred tax</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">421 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">315 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">267 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">212 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total deferred tax assets</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,502 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,318 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Valuation allowance</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(192)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(51)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total deferred tax assets after valuation allowance</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,310 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,267 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Deferred tax liabilities:</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign withholding tax on undistributed earnings of foreign subsidiaries</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(129)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(119)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Property, plant and equipment</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(231)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(225)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Right-of-use assets</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(343)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(377)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total deferred tax liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(717)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(725)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>NET DEFERRED TAX ASSET(1)</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,593 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,542 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)Of the total $2,593 million net deferred tax asset for the period ended May 31, 2026, $2,731 million was included within Deferred income taxes and other assets and $(138) million was included within Deferred income taxes and other liabilities on the Consolidated Balance Sheets. Of the total $2,542 million net deferred tax asset for the period ended May 31, 2025, $2,668 million was included within Deferred income taxes and other assets and $(126) million was included within Deferred income taxes and other liabilities on the Consolidated Balance Sheets.</div><div style="margin-bottom:6pt;margin-top:6pt">Deferred tax assets as of May 31, 2026 and 2025, were reduced by a valuation allowance provided for U.S. federal capital loss carryforwards and other tax attributes, certain state deferred tax assets, and other tax benefits generated by certain foreign entities with operating losses. The total valuation allowance increased to $192 million as of May 31, 2026 from $51 million as of May 31, 2025 as a result of valuation allowances established on certain foreign net operating loss carryforwards, specific state deferred tax assets, and an increase in the U.S. federal capital loss carryforward, which is subject to a full valuation allowance.</div><div style="margin-bottom:6pt;margin-top:3pt">The Company has available tax-effected state and foreign loss carry-forwards of $96 million as of May 31, 2026. If not utilized, $89 million of tax-effected losses will expire in the periods between fiscal 2028 and 2045. Approximately $7 million of tax-effected losses do not expire.</div><div style="margin-bottom:6pt;margin-top:3pt">The following is a reconciliation of the changes in the gross balance of unrecognized tax benefits as of:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Unrecognized tax benefits, beginning of the period</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,026 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">990 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">936 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Gross increases related to prior period tax positions</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Gross decreases related to prior period tax positions</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(10)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Gross increases related to current period tax positions</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">52 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">81 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">77 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Settlements</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(112)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(22)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Lapse of statute of limitations</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(45)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Changes due to currency translation</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">UNRECOGNIZED TAX BENEFITS, END OF THE PERIOD</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">953 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,026 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">990 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">As of May 31, 2026, total gross unrecognized tax benefits, excluding related interest and penalties, were $953 million, of which $742 million would affect the Company's effective tax rate if recognized in future periods. The majority of the total gross unrecognized tax benefits were long-term in nature and were included within Deferred income taxes and other liabilities on the Consolidated Balance Sheets.</div><div style="margin-bottom:6pt;margin-top:3pt">The Company recognizes interest and penalties related to income tax matters in Income tax expense. As of May 31, 2026 and 2025, accrued interest and penalties related to uncertain tax positions were $438 million and $376 million, respectively (excluding federal benefit) and were included within Deferred income taxes and other liabilities on the Consolidated Balance Sheets.</div><div style="margin-bottom:6pt;margin-top:3pt">The Company is subject to taxation in the U.S., as well as various state and foreign jurisdictions. The Company is currently under audit by the U.S. IRS for fiscal years 2017 through 2023. The Company has closed all U.S. federal income tax matters through fiscal 2016, with the exception of certain transfer pricing adjustments. In certain major foreign jurisdictions, tax years after 2015 remain subject to examination. </div><div style="margin-bottom:6pt;margin-top:3pt">Although the timing and outcome of resolution of the U.S. federal income tax audit for fiscal years 2017 through 2019 is uncertain, the Company estimates total gross unrecognized tax benefits could decrease by up to $184 million as a result of the expected resolution with the IRS of certain previously agreed U.S. federal income tax matters related to transfer pricing adjustments, research and development credits and other items. The Company will continue to monitor developments of its U.S. federal income tax audit for fiscal years 2017 through 2019. </div><div style="margin-bottom:6pt;margin-top:3pt">In January 2019, the European Commission opened a formal investigation to examine whether the Netherlands has breached State Aid rules when granting certain tax rulings to the Company. The Company believes the investigation is without merit. If this matter is adversely resolved, the Netherlands may be required to assess additional amounts with respect to prior periods, and the Company's income taxes related to prior periods in the Netherlands could increase. </div><div style="margin-bottom:6pt;margin-top:3pt">A portion of the Company's foreign operations benefit from a tax holiday, which is set to expire in 2031. This tax holiday may be extended when certain conditions are met or may be terminated early if certain conditions are not met. The tax benefit attributable to this tax holiday, before taking into consideration other U.S. indirect tax provisions, was $254 million, $271 million and $338 million for the fiscal years ended May 31, 2026, 2025 and 2024, respectively. The benefit of the tax holiday on diluted earnings per common share, before taking into consideration other U.S. indirect tax provisions, was $0.17, $0.18 and $0.22 for fiscal 2026, 2025 and 2024, respectively.</div><div style="margin-bottom:6pt;margin-top:3pt">A summary of cash paid for income taxes (net of refunds received) in fiscal 2026 pursuant to ASU 2023-09 is as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.419%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">YEAR ENDED MAY 31,</div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Federal(1)</div></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">642 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>State</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">126 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">502 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">China</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">85 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Mexico</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">82 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Netherlands</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">77 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">258 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL CASH PAID FOR INCOME TAXES</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,270 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)Of the $642 million cash paid for U.S. federal income taxes, $268 million related to the final installment of transition tax on deemed repatriation of undistributed earnings of foreign subsidiaries related to the Tax Cuts and Jobs Act and $260 million related to estimated payments for the expected resolution with the IRS of certain U.S. federal income tax matters for fiscal years 2017 through 2019.</div><div style="margin-bottom:6pt;margin-top:6pt">Cash paid for income taxes (net of refunds received) was $1,226 million and $1,299 million in fiscal 2025 and 2024, respectively.</div>

<div style="margin-bottom:6pt;margin-top:3pt">Income before income taxes is as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Income before income taxes:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">United States</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,680 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,220 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,588 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,220 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">665 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,112 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL INCOME BEFORE INCOME TAXES</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,900 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,885 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,700 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

2680000000

3220000000

5588000000

1220000000

665000000

1112000000

3900000000

3885000000

6700000000

<div style="margin-bottom:6pt;margin-top:6pt">The provision for income taxes is as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Current:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">United States</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Federal</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">443 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">358 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">782 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">State</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">100 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">121 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">201 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">345 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">475 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">514 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total Current</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">888 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">954 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,497 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Deferred:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">United States</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Federal</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(262)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(135)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(422)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">State</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(61)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">156 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(141)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total Deferred</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(96)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(288)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(497)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL INCOME TAX EXPENSE</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">792 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">666 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,000 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

443000000

358000000

782000000

100000000

121000000

201000000

345000000

475000000

514000000

888000000

954000000

1497000000

-262000000

-135000000

-422000000

10000000

-12000000

-61000000

156000000

-141000000

-14000000

-96000000

-288000000

-497000000

792000000

666000000

1000000000

The following table presents a reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate pursuant to ASU 2023-09:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">YEAR ENDED MAY 31, 2026</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. federal statutory tax rate</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">819 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>State and local income taxes, net of federal income tax effects(1)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">94 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.4 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Foreign tax effects</div></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">China</div></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt">Withholding taxes</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">83 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Mexico</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">59 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.5 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other foreign jurisdictions</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">107 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Effect of cross-border tax laws</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign-derived intangible income benefit</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(113)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.9 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Current Subpart F income</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">179 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.6 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Deferred Subpart F income, including foreign tax credits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(120)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-3.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign tax credits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(353)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-9.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Tax credits</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Research and development tax credits</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(65)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-1.7 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other credits</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Nontaxable or nondeductible items</div></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Stock-based compensation</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(28)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-0.7 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Changes in unrecognized tax benefits</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">52 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Other adjustments</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">EFFECTIVE INCOME TAX RATE</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">792 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20.3 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)The state and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include Pennsylvania, New York, California, New York City and Georgia for fiscal 2026.</div><div style="margin-bottom:6pt;margin-top:6pt">The following table presents the required disclosures prior to the Company's adoption of ASU 2023-09 and reconciles the U.S. statutory federal income tax rate to the effective income tax rate as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Federal income tax rate</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">State taxes, net of federal benefit</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.0 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign earnings</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>U.S. tax regulations - foreign currency losses</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-3.4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.0 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign-derived intangible income benefit</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-5.3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-4.8 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Stock-based compensation</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-0.5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Income tax audits and contingency reserves</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.8 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">U.S. research and development tax credit</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-2.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other, net</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">-0.4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.6 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">EFFECTIVE INCOME TAX RATE</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17.1 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14.9 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div>

819000000

0.210

94000000

0.024

83000000 0.021

13000000

0.003

59000000

0.015

107000000

0.027

113000000

0.029

179000000 0.046 120000000 0.031 353000000 0.091

11000000

0.003

65000000

0.017

1000000

44000000

0.011

-28000000

-0.007

52000000

0.013

11000000

0.003

792000000

0.203

0.210

0.020

0.014

0.011

-0.025

-0.034 0.000

0.053

0.048

0.015

-0.005

0.027 0.018

0.021

-0.004

0.006

0.171

0.149

-133000000

<div style="margin-bottom:6pt;margin-top:3pt">Deferred income tax assets and liabilities comprise the following as of: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Deferred tax assets:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Inventories</div></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">90 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">98 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Sales return reserves</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">175 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">205 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Deferred compensation</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">449 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">387 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Stock-based compensation</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">313 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">285 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Reserves and accrued liabilities</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">70 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Operating lease liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">427 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">458 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Intangibles</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">198 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">217 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Capitalized research and development expenditures </td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">996 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">923 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Net operating loss carry-forwards</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">75 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Subpart F deferred tax</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">421 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">315 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">267 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">212 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total deferred tax assets</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,502 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,318 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Valuation allowance</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(192)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(51)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total deferred tax assets after valuation allowance</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,310 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,267 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Deferred tax liabilities:</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Foreign withholding tax on undistributed earnings of foreign subsidiaries</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(129)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(119)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Property, plant and equipment</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(231)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(225)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Right-of-use assets</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(343)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(377)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total deferred tax liabilities</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(717)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(725)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>NET DEFERRED TAX ASSET(1)</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,593 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,542 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)Of the total $2,593 million net deferred tax asset for the period ended May 31, 2026, $2,731 million was included within Deferred income taxes and other assets and $(138) million was included within Deferred income taxes and other liabilities on the Consolidated Balance Sheets. Of the total $2,542 million net deferred tax asset for the period ended May 31, 2025, $2,668 million was included within Deferred income taxes and other assets and $(126) million was included within Deferred income taxes and other liabilities on the Consolidated Balance Sheets.</div>

90000000

98000000

175000000

205000000

449000000

387000000

313000000

285000000

70000000

143000000

427000000 458000000 198000000 217000000 996000000 923000000

96000000

75000000

421000000 315000000

267000000

212000000

3502000000

3318000000

192000000

51000000

3310000000

3267000000

129000000

119000000

231000000

225000000

343000000

377000000

14000000

4000000

717000000

725000000

2593000000

2542000000

2593000000

2731000000

138000000

2542000000

2668000000

126000000

192000000

51000000

96000000

89000000 7000000

<div style="margin-bottom:6pt;margin-top:3pt">The following is a reconciliation of the changes in the gross balance of unrecognized tax benefits as of:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Unrecognized tax benefits, beginning of the period</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,026 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">990 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">936 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Gross increases related to prior period tax positions</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Gross decreases related to prior period tax positions</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(10)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Gross increases related to current period tax positions</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">52 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">81 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">77 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Settlements</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(112)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(22)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Lapse of statute of limitations</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(45)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Changes due to currency translation</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">UNRECOGNIZED TAX BENEFITS, END OF THE PERIOD</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">953 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,026 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">990 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

1026000000

990000000

936000000

14000000

11000000

35000000

17000000

10000000

13000000

52000000

81000000

77000000

112000000

5000000

22000000

20000000

45000000

24000000

10000000

4000000

1000000

953000000

1026000000

990000000

953000000

742000000

438000000

376000000

184000000

254000000

271000000

338000000

0.17

0.18

0.22

<div style="margin-bottom:6pt;margin-top:3pt">A summary of cash paid for income taxes (net of refunds received) in fiscal 2026 pursuant to ASU 2023-09 is as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.419%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">YEAR ENDED MAY 31,</div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Federal(1)</div></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">642 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>State</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">126 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">502 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">China</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">85 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Mexico</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">82 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Netherlands</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">77 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">258 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL CASH PAID FOR INCOME TAXES</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,270 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)Of the $642 million cash paid for U.S. federal income taxes, $268 million related to the final installment of transition tax on deemed repatriation of undistributed earnings of foreign subsidiaries related to the Tax Cuts and Jobs Act and $260 million related to estimated payments for the expected resolution with the IRS of certain U.S. federal income tax matters for fiscal years 2017 through 2019.</div>

642000000

126000000

502000000

85000000

82000000

77000000

258000000

1270000000

642000000

268000000 260000000

1226000000

1299000000

300000

0.10

400000000

2400000000

843000000

P4Y

P10Y

<div style="margin-bottom:6pt;margin-top:6pt">The following table summarizes the Company's total stock-based compensation expense recognized in Cost of sales or Operating overhead expense, as applicable: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Stock options</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">278 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">292 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">336 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">ESPPs</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">58 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Restricted stock and restricted stock units</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">379 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">348 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">399 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL STOCK-BASED COMPENSATION EXPENSE</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">715 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">709 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">804 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

278000000

292000000

336000000

58000000

69000000

379000000

348000000

399000000

715000000

709000000

804000000

24.10

25.90

32.78

The weighted average assumptions used to estimate these fair values were as follows:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Dividend yield</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.2 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.6 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.2 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Expected volatility</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">33.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">31.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">29.3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Weighted average expected life (in years)</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">6.3</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">6.0</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">5.8</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Risk-free interest rate</td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.8 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.8 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.3 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div>

0.022

0.016

0.012

0.331

0.311

0.293

P6Y3M18D

P6Y

P5Y9M18D

0.038

0.043

P1Y

<div style="margin-bottom:6pt;margin-top:6pt">The following summarizes the stock option transactions under the plan discussed above: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">SHARES(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">WEIGHTED AVERAGE OPTION PRICE</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(In millions)</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Options outstanding as of May 31, 2025</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">75.1 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">97.99 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Exercised</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2.7)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">57.18 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Expired or forfeited</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6.7)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">97.96 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Granted</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11.1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">77.30 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Options outstanding as of May 31, 2026</td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">76.8 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">96.44 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)Includes stock appreciation rights transactions.</div>

75100000

97.99

2700000

57.18

6700000

97.96

11100000

77.30

76800000

96.44

52800000

101.19

33000000

120000000

305000000

P5Y1M6D

P3Y8M12D

336000000

P2Y4M24D

0.10 P6M

0.85

4000000.0

3600000

3100000

<div style="margin-bottom:6pt;margin-top:3pt">The following summarizes the restricted stock and restricted stock units transactions under the plan discussed above: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">SHARES</td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">WEIGHTED AVERAGE GRANT DATE FAIR VALUE</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(In millions)</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonvested as of May 31, 2025</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10.7 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 5.5pt 1.5pt 0;text-align:right;vertical-align:bottom">94.29</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Vested</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3.4)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 5.5pt 1.5pt 1pt;text-align:right;vertical-align:bottom">97.83</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Forfeited</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1.8)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 5.5pt 1.5pt 1pt;text-align:right;vertical-align:bottom">85.44</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Granted</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7.0 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 5.5pt 1.5pt 1pt;text-align:right;vertical-align:bottom">74.45</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Nonvested as of May 31, 2026</td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12.5 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 5.5pt 1.5pt 0;text-align:right;vertical-align:bottom">81.20</td></tr></table></div>

10700000

94.29

3400000

97.83

1800000

85.44

7000000.0

74.45

12500000

81.20

74.45

82.32

103.13

229000000

221000000

340000000

651000000

P2Y6M

<div style="margin-bottom:6pt;margin-top:3pt">The following is a reconciliation from basic earnings per common share to diluted earnings per common share. The computations of diluted earnings per common share exclude restricted stock, restricted stock units and options, including shares under ESPPs, to purchase an estimated additional 81.8 million, 75.5 million and 41.0 million shares of common stock outstanding for the fiscal years ended May 31, 2026, 2025 and 2024, respectively, because the awards were assumed to be anti-dilutive.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(In millions, except per share data)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Net income available to common stockholders</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,108 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,219 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,700 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Determination of shares:</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Weighted average common shares outstanding</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,479.8 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,484.9 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,517.6 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Assumed conversion of dilutive stock options and awards</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12.1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,481.0 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,487.6 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,529.7 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Earnings per common share:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Basic</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.10 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.17 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3.76 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Diluted</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.10 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.16 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3.73 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

81800000

75500000

41000000.0

3108000000

3219000000

5700000000

1479800000

1484900000

1517600000

1200000

2700000

12100000

1481000000

1487600000

1529700000

2.10

2.17

3.76

2.10

2.16

3.73

139000000

151000000

153000000

1347000000

1123000000

1253000000

1102000000

111000000

75000000

44000000

22000000

6000000

24000000

161000000

121000000

29000000

10000000

29000000

10000000

190000000

131000000

253000000

216000000

62000000

142000000

10000000

3000000

325000000

361000000

18000000

10000000

18000000

10000000

343000000

371000000

<div style="margin-bottom:6pt;margin-top:9pt">The following tables present the amounts affecting the Consolidated Statements of Income for the years ended May 31, 2026, 2025 and 2024:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.208%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.571%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.571%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.156%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div> </div><div>(Dollars in millions)</div></td><td colspan="9" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME(1)</div></td></tr><tr style="height:25pt"><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">LOCATION OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Derivatives designated as cash flow hedges:</div></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options</div></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">(67)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">(66)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Revenues</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">(93)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">(24)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(51)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(55)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">231 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Cost of sales</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">295 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">294 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Foreign exchange forwards and options</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Demand creation expense</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Foreign exchange forwards and options</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">102 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Other (income) expense, net</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(68)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">145 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">204 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt">Interest rate swaps(2)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL DESIGNATED CASH FLOW HEDGES</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(56)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(127)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">270 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(53)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">340 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">468 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)For the fiscal years ended May 31, 2026, 2025 and 2024, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest (income) expense, net over the term of the issued debt.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.159%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.571%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.069%"></td><td style="width:0.1%"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">AMOUNT OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">LOCATION OF GAIN (LOSS) RECOGNIZED IN INCOME ON DERIVATIVES</div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Derivatives not designated as hedging instruments:</div></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom">Foreign exchange forwards and options and embedded derivatives</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">(35)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">24 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">Other (income) expense, net</td></tr></table></div>

9000000

-67000000

-66000000

-93000000

-24000000

-51000000

-55000000

231000000

20000000

295000000

294000000

1000000

3000000

1000000

2000000

-14000000

-6000000

102000000

-68000000

145000000

204000000

-6000000

-8000000

-56000000

-127000000

270000000

-53000000

340000000

468000000

-35000000

2000000

24000000

<div style="margin-bottom:6pt;margin-top:3pt">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. </div><div style="margin-bottom:6pt;margin-top:3pt">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.</div><div style="margin-bottom:6pt;margin-top:3pt">Product cost foreign currency exposures are primarily generated through non-functional currency denominated product purchases. 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 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.</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.The Company is 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 which are designated as fair value hedges of the related long-term debt. Changes in the fair values of the interest rate swaps are recorded in Long-term debt or Current portion of long-term debt.

P2M P12M P24M 1

16400000000

18400000000

-149000000

P35M

2400000000

The 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. 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.

5000000000.0

4000000000.0

<div style="margin-bottom:6pt;margin-top:3pt">The Company is exposed to credit-related losses in the event of nonperformance by counterparties to hedging instruments. The counterparties to all derivative transactions are major financial institutions with investment grade credit ratings; however, this does not eliminate the Company's exposure to credit risk with these institutions. This credit risk is limited to the unrealized gains in such contracts should any of these counterparties fail to perform as contracted. To manage this risk, the Company has established strict counterparty credit guidelines that are continually monitored.</div>The Company's derivative contracts contain credit risk-related contingent features designed to protect against significant deterioration in counterparties' creditworthiness and their ultimate ability to settle outstanding derivative contracts in the normal course of business. The Company's bilateral credit-related contingent features generally require the owing entity, either the Company or the derivative counterparty, to post collateral for the fair value of outstanding derivatives per counterparty. For certain counterparties, collateral would only be posted for the fair value of outstanding derivatives per counterparty greater than $50 million. Additionally, for those counterparties, a certain level of decline in credit rating of either the Company or the counterparty could trigger collateral requirements.

50000000

<div style="margin-bottom:6pt;margin-top:3pt">The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.549%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CASH FLOW HEDGES</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">NET INVESTMENT HEDGES(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER</td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at May 31, 2025</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(114)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(207)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">115 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(52)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(258)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Other comprehensive income (loss):</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Other comprehensive gains (losses) before reclassifications</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(39)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">86 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Reclassifications to net income of previously deferred (gains) losses(2)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">33</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">(2)</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">31</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss)</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">117 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at May 31, 2026</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(213)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">115 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(52)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(141)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.549%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CASH FLOW HEDGES</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">NET INVESTMENT HEDGES(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER</td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at May 31, 2024</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(256)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">247 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">115 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(53)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">53 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Other comprehensive income (loss):</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Other comprehensive gains (losses) before reclassifications</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">142 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(132)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Reclassifications to net income of previously deferred (gains) losses(2)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(322)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(316)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss)</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">142 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(454)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(311)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at May 31, 2025</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(114)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(207)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">115 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(52)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(258)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.</div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.549%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CASH FLOW HEDGES</td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">NET INVESTMENT HEDGES(1)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">OTHER</td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at May 31, 2023</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(253)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">431 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">115 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(62)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">231 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Other comprehensive income (loss):</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Other comprehensive gains (losses) before reclassifications</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">239 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">250 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt">Reclassifications to net income of previously deferred (gains) losses(2)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(423)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(428)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total other comprehensive income (loss)</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(184)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(178)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Balance at May 31, 2024</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(256)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">247 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">115 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(53)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">53 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to net income upon sale or upon complete or substantially complete liquidation of the respective entity.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.</div>

-114000000

-207000000

115000000

-52000000

-258000000

123000000

-39000000

2000000

86000000

-33000000

2000000

-31000000

123000000

-6000000

117000000

9000000

-213000000

115000000

-52000000

-141000000

-256000000

247000000

115000000

-53000000

53000000

142000000

-132000000

-5000000

5000000

322000000

-6000000

316000000

142000000

-454000000

1000000

-311000000

-114000000

-207000000

115000000

-52000000

-258000000

-253000000

431000000

115000000

-62000000

231000000

-4000000

239000000

15000000

250000000

-1000000

423000000

6000000

428000000

-3000000

-184000000

9000000

-178000000

-256000000

247000000

115000000

-53000000

53000000

<div style="margin-bottom:6pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:15pt">NOTE 14 — REVENUES</div></td></tr></table>DISAGGREGATION OF REVENUES</div><div style="margin-bottom:6pt;margin-top:3pt">The following tables present the Company's Revenues disaggregated by reportable operating segment, major product line and distribution channel:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.585%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.004%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.702%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2026</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Footwear</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,317 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,643 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,188 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,377 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">29,525 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,013 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">30,538 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Apparel</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,075 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,210 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,535 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,629 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,449 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,497 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,119 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">719 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,199 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,220 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,511 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,572 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,243 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45,222 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,174 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,398 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales to Wholesale Customers</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">11,958 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,461 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,255 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,779 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">27,453 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">605 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">28,058 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales through Direct to Consumer</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,553 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,111 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,592 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,464 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17,720 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">477 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,197 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,511 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,572 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,243 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45,222 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,174 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,398 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt"> </div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:21.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.019%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.715%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Footwear</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,684 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,569 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,805 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,452 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">29,510 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,457 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">30,967 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Apparel</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,837 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,971 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,616 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,541 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,965 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,045 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,051 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">717 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">165 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">258 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,191 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">32 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,223 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">74 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,572 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,257 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,586 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,251 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">48 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,714 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,692 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,309 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales to Wholesale Customers</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">10,484 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,022 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,699 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,678 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">25,883 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">875 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">26,758 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales through Direct to Consumer</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,088 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,235 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,887 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,573 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,783 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">694 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,477 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">74 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,572 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,257 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,586 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,251 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">48 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,714 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,692 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(97)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,309 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:21.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.019%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.561%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Footwear</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,537 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,473 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,552 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,865 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">33,427 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,800 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">35,227 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Apparel</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,953 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,380 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,828 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,614 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,775 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">93 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,868 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">906 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">754 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">165 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">250 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,075 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,112 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">152 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">155 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">21,396 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,607 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,545 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,729 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49,322 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,082 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,362 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales to Wholesale Customers</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">11,004 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,562 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,262 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,930 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">27,758 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,098 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">28,856 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales through Direct to Consumer</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,392 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,045 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,283 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,799 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21,519 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">832 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,351 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">152 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">155 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">21,396 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,607 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,545 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,729 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49,322 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,082 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(42)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,362 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">Global Brand Divisions revenues included NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Converse other revenues were primarily attributable to licensing businesses. Corporate revenues primarily consisted of foreign currency gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse but managed through the Company's central foreign exchange risk management program.</div><div style="margin-bottom:6pt;margin-top:3pt">As of May 31, 2026 and 2025, the Company did not have any contract assets and had an immaterial amount of contract liabilities recorded in Accrued liabilities on the Consolidated Balance Sheets.</div><div style="margin-bottom:6pt;margin-top:9pt">SALES-RELATED RESERVES</div><div style="margin-bottom:6pt;margin-top:3pt">As of May 31, 2026 and 2025, the Company's sales-related reserve balance, which includes returns, post-invoice sales discounts and claims, was $1,589 million and $1,834 million, respectively, recorded in Accrued liabilities on the Consolidated Balance Sheets. As of May 31, 2026 and 2025, the Company's sales returns reserve balance, included within sales-related reserves, was $1,099 million and $1,277 million, respectively. The related estimated cost of inventory for expected product returns was $511 million and $528 million as of May 31, 2026 and 2025, respectively, and was recorded in Prepaid expenses and other current assets on the Consolidated Balance Sheets.</div>

<div style="margin-bottom:6pt;margin-top:3pt">The following tables present the Company's Revenues disaggregated by reportable operating segment, major product line and distribution channel:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.585%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.004%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.702%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2026</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Footwear</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,317 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,643 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,188 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,377 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">29,525 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,013 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">30,538 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Apparel</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,075 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,210 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,535 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,629 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,449 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,497 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,119 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">719 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">124 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,199 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,220 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,511 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,572 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,243 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45,222 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,174 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,398 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales to Wholesale Customers</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">11,958 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,461 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,255 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,779 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">27,453 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">605 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">28,058 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales through Direct to Consumer</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,553 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,111 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,592 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,464 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17,720 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">477 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,197 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,511 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,572 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,243 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45,222 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,174 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,398 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt"> </div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:21.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.019%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.715%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Footwear</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,684 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,569 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,805 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,452 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">29,510 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,457 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">30,967 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Apparel</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,837 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,971 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,616 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,541 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,965 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">80 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,045 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,051 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">717 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">165 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">258 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,191 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">32 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,223 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">74 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,572 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,257 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,586 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,251 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">48 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,714 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,692 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,309 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales to Wholesale Customers</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">10,484 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,022 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,699 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,678 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">25,883 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">875 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">26,758 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales through Direct to Consumer</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,088 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,235 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,887 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,573 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,783 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">694 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,477 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">48 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">123 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">74 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,572 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,257 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,586 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,251 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">48 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,714 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,692 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(97)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,309 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.845%"><tr><td style="width:1.0%"></td><td style="width:21.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.019%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.561%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Footwear</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,537 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,473 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,552 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,865 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">33,427 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,800 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">35,227 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Apparel</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,953 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,380 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,828 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,614 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,775 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">93 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,868 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">906 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">754 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">165 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">250 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,075 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,112 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">152 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">155 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">21,396 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,607 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,545 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,729 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49,322 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,082 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,362 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues by:</td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales to Wholesale Customers</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">11,004 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,562 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,262 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,930 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">27,758 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,098 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">28,856 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Sales through Direct to Consumer</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,392 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,045 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,283 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,799 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21,519 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">832 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,351 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">152 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">155 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL REVENUES</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">21,396 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,607 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,545 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,729 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49,322 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,082 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(42)</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,362 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

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<div style="margin-bottom:6pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:15pt">NOTE 15 — SEGMENT INFORMATION</div></td></tr></table>The Company's reportable operating segments reflect the structure of the Company's internal organization and the financial information the Chief Operating Decision Maker ("CODM"), the Company's Chief Executive Officer, regularly reviews to assess Company performance and allocate resources. The CODM evaluates the performance of the Company's segments and allocates resources based on earnings before interest and taxes ("EBIT"), which represents Net income before Interest (income) expense, net and Income tax expense in the Consolidated Statements of Income.</div><div style="margin-bottom:6pt;margin-top:3pt">The Company's segments are defined as follows:</div><div style="margin-bottom:6pt">NIKE BRAND </div><div style="margin-bottom:6pt;margin-top:4pt">The NIKE Brand reportable segments are: North America; Europe, Middle East & Africa ("EMEA"); Greater China; and Asia Pacific & Latin America, and include results for the NIKE and Jordan brands. Each NIKE Brand segment represents a geographic region operating predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and equipment.</div><div style="margin-bottom:6pt;margin-top:3pt">Global Brand Divisions is included within the NIKE Brand for presentation purposes to align with the way management views the Company. Global Brand Divisions primarily represents costs, including product creation and design expenses, that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. </div><div style="margin-bottom:6pt">CONVERSE </div><div style="margin-bottom:6pt;margin-top:4pt">Converse operates in one industry: the design, marketing, licensing and selling of casual sneakers, apparel and accessories.</div><div style="margin-bottom:6pt">CORPORATE</div><div style="margin-bottom:6pt;margin-top:4pt">Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.</div><div style="margin-bottom:6pt;margin-top:3pt">As part of the Company's centrally managed foreign exchange risk management program, standard foreign currency rates are assigned twice per year to each NIKE Brand entity in the Company's geographic segments and to Converse. Inventories and Cost of sales for geographic segments and Converse reflect the use of these standard rates to recognize non-functional currency product purchases in the entity's functional currency. Differences between these standard rates and actual market rates are included in Corporate, together with foreign currency hedge gains and losses and other conversion gains and losses.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2026</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Revenues</div></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,511 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,572 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,243 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45,222 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,174 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,398 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Cost of sales</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,160 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,313 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,177 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,619 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">653 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25,922 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">660 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(95)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">26,487 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Gross profit (loss)</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,351 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,259 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,670 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,624 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(604)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,300 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">514 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">97 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,911 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Demand creation expense</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,730 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,286 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">455 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">416 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">763 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,650 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">95 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,754 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Operating overhead expense</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,259 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,555 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">993 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">828 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,240 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,875 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">402 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,083 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,360 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Total selling and administrative expense</div></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,989 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,841 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,448 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,003 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,525 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">497 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,092 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,114 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Other segment items(1)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(56)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(7)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(80)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(53)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">EARNINGS (LOSS) BEFORE INTEREST AND TAXES</div></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,376 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,417 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,278 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,387 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,603)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,855 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">18 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,023)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(50)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES </div></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,900 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Supplemental information: </div></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Depreciation and amortization(2)</div></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">145 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">153 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">54 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">231 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">627 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">112 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">747 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Inventories(3)</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,320 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,253 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">793 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">964 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">166 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,496 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">171 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(166)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,501 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse. </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:13.5pt;text-indent:-13.5pt"> </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Revenues</div></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,572 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,257 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,586 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,251 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">48 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,714 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,692 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,309 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Cost of sales</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,056 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,967 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,558 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,502 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">634 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25,717 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">868 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(66)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">26,519 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Gross profit (loss)</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,516 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,290 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,028 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,749 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(586)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,997 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">824 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(31)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,790 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Demand creation expense</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,633 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,222 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">529 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">421 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">716 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,521 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">156 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,689 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Operating overhead expense</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,150 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,479 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">973 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">804 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,401 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,807 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">430 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,162 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,399 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Total selling and administrative expense</div></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,783 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,701 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,502 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,225 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,117 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,328 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">586 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,174 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,088 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Other segment items(1)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(76)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(71)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(76)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">EARNINGS (LOSS) BEFORE INTEREST AND TAXES</div></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,735 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,575 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,602 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,527 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,699)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,740 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">240 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,202)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(107)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES </div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,885 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Supplemental information: </div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Depreciation and amortization(2)</div></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">157 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">50 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">636 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">125 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">775 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Inventories(3)</div></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,198 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,042 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">951 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">905 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">148 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,244 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">272 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(27)</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,489 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">21,396 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,607 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,545 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,729 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49,322 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,082 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,362 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Cost of sales</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,899 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,589 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,761 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,639 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">602 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,490 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">989 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28,475 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Gross profit (loss)</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,497 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,018 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,784 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,090 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(557)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21,832 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,093 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(38)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,887 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Demand creation expense</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,495 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,114 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">519 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">407 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">596 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,131 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">140 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,285 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Operating overhead expense</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,189 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,517 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,019 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">801 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,534 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,060 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">485 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,746 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,291 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Total selling and administrative expense</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,684 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,631 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,538 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,208 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,130 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,191 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">625 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,760 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,576 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Other segment items(1)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(9)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(63)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">33 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(43)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(179)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(228)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">EARNINGS (LOSS) BEFORE INTEREST AND TAXES</div></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,822 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,388 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,309 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,885 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,720)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,684 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">474 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,619)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(161)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES </td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,700 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Supplemental information: </td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Depreciation and amortization(2)</div></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">152 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">146 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">51 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">641 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">138 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">796 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Inventories(3)</div></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,134 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,028 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,070 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">810 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">166 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,208 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">296 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,519 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The amounts of depreciation and amortization by segment are included within Cost of sales and Operating overhead expense, as applicable.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse. </div><div style="margin-bottom:6pt;margin-top:9pt">REVENUES AND LONG-LIVED ASSETS BY GEOGRAPHIC AREA</div><div style="margin-bottom:6pt;margin-top:3pt">After allocation of revenues for Global Brand Divisions, Converse and Corporate to geographical areas based on the location where the sales originated, revenues by geographical area are similar to that as reported above for the NIKE Brand operating segments with the exception of the United States. Revenues derived in the United States were $20,358 million, $19,725 million and $21,551 million for the fiscal years ended May 31, 2026, 2025 and 2024, respectively. </div><div style="margin-bottom:6pt;margin-top:3pt">The Company's largest concentrations of long-lived assets primarily consist of the Company's corporate headquarters, retail locations and distribution facilities in the United States, United Kingdom, and China as well as distribution facilities in Belgium. Long-lived assets attributable to operations in these countries, which consist of property, plant and equipment, net and operating lease ROU assets, net, were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">United States</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,101 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,467 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">United Kingdom</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">422 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Belgium</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">745 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">774 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">China</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">472 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">488 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,478 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,389 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL LONG-LIVED ASSETS</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,634 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,540 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

reportable operating segments

<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2026</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Revenues</div></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">20,511 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,572 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,243 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45,222 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,174 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,398 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Cost of sales</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,160 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,313 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,177 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,619 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">653 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25,922 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">660 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(95)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">26,487 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Gross profit (loss)</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,351 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,259 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,670 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,624 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(604)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,300 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">514 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">97 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,911 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Demand creation expense</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,730 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,286 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">455 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">416 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">763 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,650 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">95 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,754 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Operating overhead expense</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,259 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,555 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">993 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">828 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,240 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,875 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">402 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,083 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,360 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Total selling and administrative expense</div></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,989 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,841 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,448 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,003 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,525 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">497 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,092 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,114 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Other segment items(1)</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(14)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(56)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(7)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(80)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(53)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">EARNINGS (LOSS) BEFORE INTEREST AND TAXES</div></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,376 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,417 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,278 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,387 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,603)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,855 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">18 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,023)</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(50)</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES </div></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,900 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Supplemental information: </div></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Depreciation and amortization(2)</div></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">145 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">153 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">54 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">231 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">627 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">112 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">747 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Inventories(3)</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,320 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,253 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">793 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">964 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">166 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,496 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">171 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(166)</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,501 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse. </div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:13.5pt;text-indent:-13.5pt"> </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Revenues</div></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">19,572 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">12,257 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,586 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,251 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">48 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">44,714 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,692 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(97)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">46,309 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Cost of sales</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,056 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,967 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,558 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,502 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">634 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">25,717 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">868 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(66)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">26,519 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Gross profit (loss)</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,516 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,290 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,028 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,749 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(586)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,997 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">824 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(31)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">19,790 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Demand creation expense</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,633 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,222 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">529 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">421 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">716 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,521 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">156 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,689 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Operating overhead expense</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,150 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,479 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">973 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">804 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,401 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,807 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">430 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,162 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,399 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Total selling and administrative expense</div></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,783 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,701 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,502 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,225 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,117 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,328 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">586 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,174 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,088 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Other segment items(1)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(76)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(71)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(76)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">EARNINGS (LOSS) BEFORE INTEREST AND TAXES</div></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,735 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,575 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,602 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,527 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,699)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,740 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">240 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,202)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(107)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES </div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,885 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Supplemental information: </div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Depreciation and amortization(2)</div></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">157 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">49 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">50 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">237 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">636 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">125 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">775 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Inventories(3)</div></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,198 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,042 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">951 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">905 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">148 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,244 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">272 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(27)</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,489 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:6pt">(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">NORTH AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">EUROPE, MIDDLE EAST & AFRICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GREATER CHINA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">ASIA PACIFIC & LATIN AMERICA</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">GLOBAL BRAND DIVISIONS</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE BRAND</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CONVERSE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">CORPORATE</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">TOTAL NIKE, INC.</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenues</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">21,396 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">13,607 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,545 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,729 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">45 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">49,322 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,082 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(42)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">51,362 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Cost of sales</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,899 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,589 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,761 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,639 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">602 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,490 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">989 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28,475 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Gross profit (loss)</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,497 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,018 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,784 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,090 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(557)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21,832 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,093 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(38)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,887 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Demand creation expense</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,495 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,114 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">519 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">407 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">596 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,131 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">140 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">14 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,285 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Operating overhead expense</td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,189 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,517 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,019 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">801 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,534 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,060 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">485 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,746 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,291 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Total selling and administrative expense</td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,684 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,631 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,538 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,208 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,130 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13,191 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">625 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,760 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,576 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">Other segment items(1)</div></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(9)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(63)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">33 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(43)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(6)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(179)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(228)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt">EARNINGS (LOSS) BEFORE INTEREST AND TAXES</div></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,822 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,388 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,309 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,885 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(4,720)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,684 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">474 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">(2,619)</td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 1.75pt;text-align:left;vertical-align:bottom">Interest (income) expense, net</td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(161)</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES </td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,700 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Supplemental information: </td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Depreciation and amortization(2)</div></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">152 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">146 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">51 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">641 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">138 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">796 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"> Inventories(3)</div></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,134 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,028 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,070 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">810 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">166 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,208 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">296 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">15 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,519 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(1)At the NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-indent:-18pt">(2)The amounts of depreciation and amortization by segment are included within Cost of sales and Operating overhead expense, as applicable.</div>(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse.

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21551000000

Long-lived assets attributable to operations in these countries, which consist of property, plant and equipment, net and operating lease ROU assets, net, were as follows:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">United States</td><td colspan="2" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,101 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,467 </td><td style="border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">United Kingdom</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">838 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">422 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Belgium</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">745 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">774 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">China</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">472 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">488 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Other</div></td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,478 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,389 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>TOTAL LONG-LIVED ASSETS</div></td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,634 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,540 </td><td style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

4101000000

4467000000

838000000

422000000

745000000

774000000

472000000

488000000

1478000000

1389000000

7634000000

7540000000

<div style="margin-bottom:3pt;margin-top:3pt;padding-left:13.5pt;text-indent:-13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:15pt">NOTE 16 — COMMITMENTS AND CONTINGENCIES</div></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">As of May 31, 2026 and 2025, the Company had outstanding bank guarantees and letters of credit of approximately $1.3 billion and $0.9 billion, respectively, issued primarily for real estate agreements, self-insurance programs, other general business obligations and legal matters.</div><div style="margin-bottom:6pt;margin-top:3pt">In connection with various contracts and agreements, the Company provides routine indemnification relating to the enforceability of intellectual property rights, coverage for legal issues that arise and other items where the Company is acting as the guarantor. Currently, the Company has several such agreements in place. However, based on the Company's historical experience and the estimated probability of future loss, the Company has determined the fair value of such indemnification is not material to the Company's financial position or results of operations.</div><div style="margin-bottom:6pt;margin-top:3pt">In the ordinary course of business, the Company is subject to various legal proceedings, claims and government investigations relating to its business, products and actions of its employees and representatives, including contractual and employment relationships, product liability, antitrust, customs, tax, intellectual property and other matters. The outcome of these legal matters is inherently uncertain, and the Company cannot predict the eventual outcome of currently pending matters, the timing of their ultimate resolution or the eventual losses, fines, penalties or consequences relating to those matters. When a loss related to a legal proceeding or claim is probable and reasonably estimable, the Company accrues its best estimate for the ultimate resolution of the matter. If one or more legal matters were to be resolved against the Company in a reporting period for amounts above management's expectations, the Company's financial position, operating results and cash flows for that reporting period could be materially adversely affected. In the opinion of management, based on its current knowledge and after consultation with counsel, the Company does not believe any currently pending legal matters will have a material adverse impact on the Company's results of operations, financial position or cash flows, except as described below.</div><div style="margin-bottom:6pt">BELGIAN CUSTOMS CLAIM</div><div style="margin-bottom:6pt;margin-top:4pt">The Company has received claims for certain years from Belgian Customs Authorities for alleged underpaid duties related to products imported beginning in fiscal 2018. The Company disputes these claims and has engaged in the appellate process. The Company has issued bank guarantees in order to appeal the claims. At this time, the Company is unable to estimate the range of loss and cannot predict the final outcome as it could take several years to reach a resolution on this matter. If this matter is ultimately resolved against the Company, the amounts owed, including fines, penalties and other consequences relating to the matter, could have a material adverse effect on the Company's results of operations, financial position and cash flows.</div>

1300000000

900000000

693000000

663000000

618000000

453000000

432000000

433000000

<div style="margin-bottom:6pt;margin-top:3pt">The undiscounted cash flows for future maturities of the Company's operating lease liabilities and the reconciliation to the Operating lease liabilities recognized in the Company's Consolidated Balance Sheets are as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.419%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">AS OF MAY 31, 2026(1)</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Fiscal 2027</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">564 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Fiscal 2028</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">553 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Fiscal 2029</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">512 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Fiscal 2030</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">456 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Fiscal 2031</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">361 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Thereafter</td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,146 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total undiscounted future cash flows related to lease payments</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,592 </td><td style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Less interest </td><td colspan="2" style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">501 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">PRESENT VALUE OF LEASE LIABILITIES</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,091 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:1pt solid #e87722;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>(1)Excludes $77 million as of May 31, 2026 of future operating lease payments for lease agreements signed but not yet commenced.

564000000

553000000

512000000

456000000

361000000

1146000000

3592000000

501000000

3091000000

77000000

<div style="margin-bottom:6pt;margin-top:3pt">The following table includes supplemental information used to calculate the present value of Operating lease liabilities:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.944%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">AS OF MAY 31,</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Weighted-average remaining lease term (in years)</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">7.7</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">6.6</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Weighted-average discount rate</td><td colspan="2" style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.6 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.1 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt">The following table includes supplemental cash and non-cash information related to operating leases:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">YEAR ENDED MAY 31,</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>(Dollars in millions)</div></td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2026</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2024</td></tr><tr><td colspan="3" style="border-top:1pt solid #e87722;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash paid for amounts included in the measurement of lease liabilities:</td><td colspan="3" style="background-color:#fff1e7;border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #e87722;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom">Operating cash flows from operating leases</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">668 </td><td style="background-color:#fff1e7;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">647 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">613 </td><td style="border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating lease right-of-use assets obtained in exchange for operating lease liabilities</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">849 </td><td style="background-color:#fff1e7;border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">607 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 0;text-align:right;vertical-align:bottom">458 </td><td style="border-bottom:1pt solid #e87722;border-top:0.5pt solid #808080;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

P7Y8M12D

P6Y7M6D

0.036

0.031

668000000

647000000

613000000

849000000

607000000

458000000

385000000

231000000

154000000

142000000

243000000

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1100000000

800000000

11500000000

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