filings.toolsItem 16. Form 10-K Summary
4K characters. Original on sec.gov · Markdown
Item 16. Form 10-K Summary
None.
SCHEDULE II — Valuation and Qualifying Accounts
| (In millions) | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts(1) | Write-Offs, Net | Balance at End of Period | |||||||||||||||
| Sales returns reserve | ||||||||||||||||||||
| For the year ended May 31, 2015 | $ | 308 | $ | 726 | $ | (35 | ) | $ | (620 | ) | $ | 379 | ||||||||
| For the year ended May 31, 2016 | 379 | 788 | (15 | ) | (708 | ) | 444 | |||||||||||||
| For the year ended May 31, 2017 | 444 | 696 | 3 | (800 | ) | 343 | ||||||||||||||
| Allowance for doubtful accounts(2) | ||||||||||||||||||||
| For the year ended May 31, 2015 | $ | 78 | $ | 35 | $ | (15 | ) | $ | (20 | ) | $ | 78 | ||||||||
| For the year ended May 31, 2016 | 78 | 52 | (2 | ) | (85 | ) | 43 | |||||||||||||
| For the year ended May 31, 2017 | 43 | 16 | — | (40 | ) | 19 |
| (1) | Amounts included in this column primarily relate to foreign currency translation. |
| (2) | Includes both current and non-current portions of the allowance for doubtful accounts. The non-current portion is included in Deferred income taxes and other assets on the Consolidated Balance Sheets. |
Consent of Independent Registered Public Accounting Firm
We hereby consent to the incorporation by reference in the Registration Statements on Form S-3 (No. 333-212617) and Form S-8 (Nos. 033-63995, 333-63581, 333-63583, 333-68864, 333-68886, 333-71660, 333-104822, 333-117059, 333-133360, 333-164248, 333-171647, 333-173727, 333-208900 and 333-215439) of NIKE, Inc. of our report dated July 20, 2017 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in this Form 10-K.
/s/ PRICEWATERHOUSECOOPERS LLP
Portland, Oregon
July 20, 2017
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| NIKE, INC. | ||
| By: | /s/ MARK G. PARKER | |
| Mark G. Parker | ||
| Chairman, President and Chief Executive Officer | ||
| Date: | July 20, 2017 |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signature | Title | Date |
| PRINCIPAL EXECUTIVE OFFICER AND DIRECTOR: | ||
| /s/ MARK G. PARKER Mark G. Parker | Chairman, President and Chief Executive Officer | July 20, 2017 |
| PRINCIPAL FINANCIAL OFFICER: | ||
| /s/ ANDREW CAMPION Andrew Campion | Chief Financial Officer | July 20, 2017 |
| PRINCIPAL ACCOUNTING OFFICER: | ||
| /s/ CHRIS L. ABSTON Chris L. Abston | Corporate Controller | July 20, 2017 |
| DIRECTORS: | ||
| /s/ ELIZABETH J. COMSTOCK Elizabeth J. Comstock | Director | July 20, 2017 |
| /s/ JOHN G. CONNORS John G. Connors | Director | July 20, 2017 |
| /s/ TIMOTHY D. COOK Timothy D. Cook | Director | July 20, 2017 |
| /s/ JOHN J. DONAHOE II John J. Donahoe II | Director | July 20, 2017 |
| /s/ ALAN B. GRAF, JR. Alan B. Graf, Jr. | Director | July 20, 2017 |
| /s/ TRAVIS A. KNIGHT Travis A. Knight | Director | July 20, 2017 |
| /s/ JOHN C. LECHLEITER John C. Lechleiter | Director | July 20, 2017 |
| /s/ MICHELLE A. PELUSO Michelle A. Peluso | Director | July 20, 2017 |
| /s/ JOHNATHAN A. RODGERS Johnathan A. Rodgers | Director | July 20, 2017 |
| /s/ JOHN R. THOMPSON, JR. John R. Thompson, Jr. | Director | July 20, 2017 |
| /s/ PHYLLIS M. WISE Phyllis M. Wise | Director | July 20, 2017 |
Previous: Item 15. Exhibits and Financial Statement Schedules