Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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Nike Inc., Consolidated Statement of Comprehensive Income
USD $ in millions
|12 months ended||May 31, 2012||May 31, 2011||May 31, 2010||May 31, 2009||May 31, 2008||May 31, 2007|
|Foreign currency translation and other, net of tax|
|Realized foreign currency translation (gain) loss due to divestiture|
|Net gain (loss) on cash flow hedges, net of tax|
|Net gain (loss) on net investment hedges, net of tax|
|Reclassification to net income of previously deferred net (gains) losses related to hedge derivatives, net of tax|
|Reclassification of ineffective hedge (gains) losses to net income, net of tax|
|Other comprehensive income (loss)|
|Foreign currency translation and other, net of tax||Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax, attributable to the parent entity.||Nike Inc.'s foreign currency translation and other, net of tax increased from 2010 to 2011 but then declined significantly from 2011 to 2012.|
|Net gain (loss) on cash flow hedges, net of tax||Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, after taxes, that is attributable to the parent entity. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses.||Nike Inc.'s net gain (loss) on cash flow hedges, net of tax declined from 2010 to 2011 but then increased from 2011 to 2012 exceeding 2010 level.|
|Comprehensive income||The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.||Nike Inc.'s comprehensive income increased from 2010 to 2011 and from 2011 to 2012.|