Understanding Accounting
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NIKE, Inc. Form 10-K for the fiscal year ended May 31, 2026

NIKE's annual report, checked for the property, plant and equipment policy used in the ACC 300 filing reading exercise.

On this page
  1. Property and equipment policy
  2. Evidence boundary
  3. What was checked
Authority and currency

About this authority

Publisher
U.S. Securities and Exchange Commission
Standing
Primary authority
Version
As filed July 15, 2026; accession 0000320187-26-000088
Relevant parts
Consolidated balance sheets and Note 1, Summary of Significant Accounting Policies
Currency
current · checked Sep 15, 2026

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Property and equipment policy

Note 1 states that NIKE records property, plant and equipment at cost. It uses straight-line depreciation for land improvements, buildings, and leasehold improvements over 2 to 40 years, and for machinery and equipment over 2 to 15 years. The measurement basis and depreciation method are policies. The life ranges describe estimate information used with the method.

Evidence boundary

The filing reports the consolidated property, plant and equipment balance and the related policy. It does not provide the asset register, acquisition support, individual useful-life decisions, or depreciation calculations needed to test each asset. The Chapter 5 exercise uses that boundary: a public policy note can explain the method without proving every item-level application.

What was checked

The filed HTML and its Note 1 rendering were accessed on September 15, 2026. The filing identifies fiscal 2026 and the May 31, 2026 year end. The signature page is dated July 15, 2026.