Nike 2015 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2015 Nike annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 87

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87

PART II
NIKE, Inc. Consolidated Statements of Comprehensive
Income
Year Ended May 31,
(In millions) 2015 2014 2013
Net income $ 3,273 $ 2,693 $ 2,472
Other comprehensive income (loss), net of tax:
Change in net foreign currency translation adjustment(1) (20) (32) 38
Change in net gains (losses) on cash flow hedges(2) 1,188 (161) 12
Change in net gains (losses) on other(3) (7) 4 (8)
Change in release of cumulative translation loss related to Umbro(4) ——83
Total other comprehensive income (loss), net of tax 1,161 (189) 125
TOTAL COMPREHENSIVE INCOME $ 4,434 $ 2,504 $ 2,597
(1) Net of tax benefit (expense) of $0 million, $0 million and $(13) million, respectively.
(2) Net of tax benefit (expense) of $(31) million, $18 million and $(22) million, respectively.
(3) Net of tax benefit (expense) of $0 million, $0 million and $1 million, respectively.
(4) Net of tax benefit (expense) of $0 million, $0 million and $47 million, respectively.
The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
108