1. Using the accounting equation, determine Nike's stockholders' equity. Compare this amount to the amount of stockholders' equity on Nike's balance sheet.

NIKE, Inc. Consolidated Statements of Shareholders' Equity Capital in Excess of Stated Value Accumulated Other Comprehensive Income Retained Earnings 5,526 Common Stock Class A Class B B Shares Amount Shares Amount 180 $ 736 $ 3 $ 10 (2) 2 Total 4,641 $ 149 $ $ 10,319 322 322 (34) (10) (1,647) (1,657) (727) (727) 2 65 65 174 174 (8) (12) 2.472 2,472 125 125 178 $ 716 $ 3 $ 5,184 $ 274 $ 5,620 $ 11,081 11 445 445 (37) (11) (2.617) (2,628) (821) (821) (In millions, except per share data) Balance at May 31, 2012 Stock options exercised Conversion to Class B Common Stock Repurchase of Class B Common Stock Dividends on common stock ($0.81 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income (loss) Balance at May 31, 2013 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock ($0.93 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income (loss) Balance at May 31, 2014 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock ($1.08 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income (loss) Balance at May 31, 2015 2 78 78 177 (8) (4) 177 (12) 2,693 2,693 (189) (189) 178 $ 692 $ 3 $ 5,865 $ 85 $ 4,871 $ 10,824 14 639 (9) (9) 639 (2,534) (29) (2,525) (931) (931) 92 2 92 191 (5) (3) 3,273 191 (8) 3,273 1,161 1,161 178 $ 679 $ $ 3$ 6,773 $ 1,246 $ 4,685 $ 12,707 NIKE, Inc. Consolidated Statements of Shareholders' Equity Capital in Excess of Stated Value Accumulated Other Comprehensive Income Retained Earnings 5,526 Common Stock Class A Class B B Shares Amount Shares Amount 180 $ 736 $ 3 $ 10 (2) 2 Total 4,641 $ 149 $ $ 10,319 322 322 (34) (10) (1,647) (1,657) (727) (727) 2 65 65 174 174 (8) (12) 2.472 2,472 125 125 178 $ 716 $ 3 $ 5,184 $ 274 $ 5,620 $ 11,081 11 445 445 (37) (11) (2.617) (2,628) (821) (821) (In millions, except per share data) Balance at May 31, 2012 Stock options exercised Conversion to Class B Common Stock Repurchase of Class B Common Stock Dividends on common stock ($0.81 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income (loss) Balance at May 31, 2013 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock ($0.93 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income (loss) Balance at May 31, 2014 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock ($1.08 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income (loss) Balance at May 31, 2015 2 78 78 177 (8) (4) 177 (12) 2,693 2,693 (189) (189) 178 $ 692 $ 3 $ 5,865 $ 85 $ 4,871 $ 10,824 14 639 (9) (9) 639 (2,534) (29) (2,525) (931) (931) 92 2 92 191 (5) (3) 3,273 191 (8) 3,273 1,161 1,161 178 $ 679 $ $ 3$ 6,773 $ 1,246 $ 4,685 $ 12,707