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PART II
NIKE, Inc. Consolidated Balance Sheets
May 31,
(In millions) 2013 2012
ASSETS
Current assets:
Cash and equivalents $ 3,337 $ 2,317
Short-term investments (Note 6) 2,628 1,440
Accounts receivable, net (Note 1) 3,117 3,132
Inventories (Notes 1 and 2) 3,434 3,222
Deferred income taxes (Note 9) 308 262
Prepaid expenses and other current assets (Notes 6 and 17) 802 857
Assets of discontinued operations (Note 15) — 615
Total current assets 13,626 11,845
Property, plant and equipment, net (Note 3) 2,452 2,209
Identifiable intangible assets, net (Note 4) 382 370
Goodwill (Note 4) 131 131
Deferred income taxes and other assets (Notes 6, 9 and 17) 993 910
TOTAL ASSETS $ 17,584 $ 15,465
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 8) $ 57 $ 49
Notes payable (Note 7) 121 108
Accounts payable (Note 7) 1,646 1,549
Accrued liabilities (Notes 5, 6 and 17) 1,986 1,941
Income taxes payable (Note 9) 98 65
Liabilities of discontinued operations (Note 15) 18 170
Total current liabilities 3,926 3,882
Long-term debt (Note 8) 1,210 228
Deferred income taxes and other liabilities (Notes 6, 9 and 17) 1,292 974
Commitments and contingencies (Note 16) ——
Redeemable Preferred Stock (Note 10) ——
Shareholders’ equity:
Common stock at stated value (Note 11):
Class A convertible — 178 and 180 shares outstanding — —
Class B — 716 and 736 shares outstanding 33
Capital in excess of stated value 5,184 4,641
Accumulated other comprehensive income (Note 14) 274 149
Retained earnings 5,695 5,588
Total shareholders’ equity 11,156 10,381
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 17,584 $ 15,465
The accompanying notes to consolidated financial statements are an integral part of this statement.
NIKE, INC. 2013 Annual Report and Notice of Annual Meeting 91
FORM 10-K