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PART II
NIKE, Inc. Consolidated Statements of Comprehensive
Income
Year Ended May 31,
(In millions) 2013 2012 2011
Net income $ 2,485 $ 2,223 $ 2,133
Other comprehensive income (loss), net of tax:
Foreign currency translation and other(1) 30 (295) 263
Net gain (loss) on cash flow hedges(2) 117 255 (242)
Net gain (loss) on net investment hedges(3) — 45 (57)
Reclassification to net income of previously deferred (gains) losses related to hedge
derivative instruments(4) (105) 49 (84)
Release of cumulative translation loss related to Umbro(5) (Notes 14 and 15) 83 — —
Total other comprehensive income, net of tax 125 54 (120)
TOTAL COMPREHENSIVE INCOME $ 2,610 $ 2,277 $ 2,013
(1) Net of tax (expense) benefit of $(12) million, $0 million, and $(121) million, respectively.
(2) Net of tax (expense) benefit of $(22) million, $(8) million, and $66 million, respectively.
(3) Net of tax benefit of $0 million, $0 million, and $28 million, respectively.
(4) Net of tax (benefit) expense of $0 million, $(14) million, and $24 million, respectively.
(5) Net of tax (benefit) of $(47) million, $0 million, and $0 million, respectively.
The accompanying notes to consolidated financial statements are an integral part of this statement.
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