NIKE Inc
For the period ended Nov 30, 2023. Filed Jan 5, 2024.
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Nov 30, 2023 · Filed Jan 5, 2024
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Subsequent Events
NOTE 13 — SUBSEQUENT EVENTS
In December 2023, the Company announced an enterprise initiative designed to accelerate its future growth. As part of this initiative, management is taking steps to streamline the organization which are expected to result in pre-tax restructuring charges of approximately $400 million to $450 million, primarily associated with employee severance costs largely expected to be recognized in the third quarter of fiscal 2024 within Operating overhead expense. The expected pre-tax charges are estimates and are subject to a number of assumptions. Actual results may vary from the estimates provided above.
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