NIKE Inc
For the period ended Nov 30, 2024. Filed Jan 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2024 · Filed Jan 3, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Accumulated Other Comprehensive Income (Loss)
NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
| (Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL |
|---|---|---|---|---|---|
| Balance at August 31, 2024 | $(118) | $20 | $115 | $(44) | $(27) |
| Other comprehensive income (loss): | |||||
| Other comprehensive gains (losses) before reclassifications(2) | (223) | 492 | — | 3 | 272 |
| Reclassifications to net income of previously deferred (gains) losses(2)(3) | (1) | (42) | — | — | (43) |
| Total other comprehensive income (loss) | (224) | 450 | — | 3 | 229 |
| Balance at November 30, 2024 | $(342) | $470 | $115 | $(41) | $202 |
(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.
| (Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL |
|---|---|---|---|---|---|
| Balance at August 31, 2023 | $(217) | $297 | $115 | $(59) | $136 |
| Other comprehensive income (loss): | |||||
| Other comprehensive gains (losses) before reclassifications(2) | 37 | 48 | — | 11 | 96 |
| Reclassifications to net income of previously deferred (gains) losses(2)(3) | 2 | (103) | — | (10) | (111) |
| Total other comprehensive income (loss) | 39 | (55) | — | 1 | (15) |
| Balance at November 30, 2023 | $(178) | $242 | $115 | $(58) | $121 |
(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.
| (Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL |
|---|---|---|---|---|---|
| Balance at May 31, 2024 | $(256) | $247 | $115 | $(53) | $53 |
| Other comprehensive income (loss): | |||||
| Other comprehensive gains (losses) before reclassifications(2) | (86) | 341 | — | 10 | 265 |
| Reclassifications to net income of previously deferred (gains) losses(2)(3) | — | (118) | — | 2 | (116) |
| Total other comprehensive income (loss) | (86) | 223 | — | 12 | 149 |
| Balance at November 30, 2024 | $(342) | $470 | $115 | $(41) | $202 |
(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.
| (Dollars in millions) | FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1) | CASH FLOW HEDGES | NET INVESTMENT HEDGES(1) | OTHER | TOTAL |
|---|---|---|---|---|---|
| Balance at May 31, 2023 | $(253) | $431 | $115 | $(62) | $231 |
| Other comprehensive income (loss): | |||||
| Other comprehensive gains (losses) before reclassifications(2) | 73 | 25 | — | 11 | 109 |
| Reclassifications to net income of previously deferred (gains) losses(2)(3) | 2 | (214) | — | (7) | (219) |
| Total other comprehensive income (loss) | 75 | (189) | — | 4 | (110) |
| Balance at November 30, 2023 | $(178) | $242 | $115 | $(58) | $121 |
(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.
For additional information related to the Company's cash flow hedges refer to Note 7 — Risk Management and Derivatives.
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