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PART II
NIKE, Inc. Consolidated Balance Sheets
May 31,
(In millions) 2015 2014
ASSETS
Current assets:
Cash and equivalents (Note 6) $ 3,852 $ 2,220
Short-term investments (Note 6) 2,072 2,922
Accounts receivable, net (Note 1) 3,358 3,434
Inventories (Notes 1 and 2) 4,337 3,947
Deferred income taxes (Note 9) 389 355
Prepaid expenses and other current assets (Notes 6 and 17) 1,968 818
Total current assets 15,976 13,696
Property, plant and equipment, net (Note 3) 3,011 2,834
Identifiable intangible assets, net (Note 4) 281 282
Goodwill (Note 4) 131 131
Deferred income taxes and other assets (Notes 6, 9 and 17) 2,201 1,651
TOTAL ASSETS $ 21,600 $ 18,594
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 8) $ 107 $ 7
Notes payable (Note 7) 74 167
Accounts payable (Note 7) 2,131 1,930
Accrued liabilities (Notes 5, 6 and 17) 3,951 2,491
Income taxes payable (Note 9) 71 432
Total current liabilities 6,334 5,027
Long-term debt (Note 8) 1,079 1,199
Deferred income taxes and other liabilities (Notes 6, 9, 13 and 17) 1,480 1,544
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 — 679 and 692 shares outstanding 33
Capital in excess of stated value 6,773 5,865
Accumulated other comprehensive income (Note 14) 1,246 85
Retained earnings 4,685 4,871
Total shareholders’ equity 12,707 10,824
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 21,600 $ 18,594
The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
NIKE, INC. 2015 Annual Report and Notice of Annual Meeting 109
FORM 10-K