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PART II
Common Stock Capital in
Excess
of Stated
Value
Accumulated
Other
Comprehensive
Income
Retained
Earnings Total
Class A Class B
(In millions, except per share data) Shares Amount Shares Amount
BALANCE AT MAY 31, 2011 90 $ — 378 $ 3 $ 3,944 $ 95 $ 5,801 $ 9,843
Stock options exercised 9 528 528
Repurchase of Class B Common Stock (20) (12) (1,793) (1,805)
Dividends on Common stock ($1.39 per share) (639) (639)
Issuance of shares to employees 1 57 57
Stock-based compensation (Note 11) 130 130
Forfeiture of shares from employees — (6) (4) (10)
Comprehensive income:
Net income 2,223 2,223
Other comprehensive income (Notes 14 and 16):
Foreign currency translation and other (net of $0
tax) (295) (295)
Net gain on cash flow hedges (net of tax
expense of $8) 255 255
Net gain on net investment hedges (net of $0
tax) 45 45
Reclassification to net income of previously
deferred net losses related to hedge derivatives
(net of tax benefit of $14) 49 49
Total comprehensive income 54 2,223 2,277
Balance at May 31, 2012 90 $ — 368 $ 3 $ 4,641 $ 149 $ 5,588 $ 10,381
The accompanying notes to consolidated financial statements are an integral part of this statement.
NIKE, INC. Š2012 Form 10-K 45