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PART II
NIKE, Inc. Consolidated Balance Sheets
May 31,
(In millions) 2014 2013
ASSETS
Current assets:
Cash and equivalents $ 2,220 $ 3,337
Short-term investments (Note 6) 2,922 2,628
Accounts receivable, net (Note 1) 3,434 3,117
Inventories (Notes 1 and 2) 3,947 3,484
Deferred income taxes (Note 9) 355 308
Prepaid expenses and other current assets (Notes 6 and 17) 818 756
Total current assets 13,696 13,630
Property, plant and equipment, net (Note 3) 2,834 2,452
Identifiable intangible assets, net (Note 4) 282 289
Goodwill (Note 4) 131 131
Deferred income taxes and other assets (Notes 6, 9, and 17) 1,651 1,043
TOTAL ASSETS $ 18,594 $ 17,545
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 8) $ 7 $ 57
Notes payable (Note 7) 167 98
Accounts payable (Note 7) 1,930 1,669
Accrued liabilities (Notes 5, 6, and 17) 2,491 2,036
Income taxes payable (Note 9) 432 84
Liabilities of discontinued operations (Note 15) —18
Total current liabilities 5,027 3,962
Long-term debt (Note 8) 1,199 1,210
Deferred income taxes and other liabilities (Notes 6, 9, 13 and 17) 1,544 1,292
Commitments and contingencies (Note 16)
Redeemable preferred stock (Note 10) ——
Shareholders’ equity:
Common stock at stated value (Note 11):
Class A convertible — 178 and 178 shares outstanding — —
Class B — 692 and 716 shares outstanding 33
Capital in excess of stated value 5,865 5,184
Accumulated other comprehensive income (Note 14) 85 274
Retained earnings 4,871 5,620
Total shareholders’ equity 10,824 11,081
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 18,594 $ 17,545
The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.
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