Brief Exercise 9-11

SupposeNike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $944.4; land $249.2; patents and trademarks (at cost) $544.6; machinery and equipment $2,170.1; buildings $959; goodwill (at cost) $211.0; accumulated amortization $47.5; and accumulated depreciation $2,387.

Prepare a partial balance sheet for Nike for these items.(List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

NIKE, INC. Partial Balance Sheet As of May 31, 2014 (in millions)
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
Patents and TrademarksOther Plant AssetsLandBuildingsGoodwillAccumulated AmortizationMachinery and EquipmentAccumulated Depreciation	$
Accumulated DepreciationAccumulated AmortizationLandGoodwillBuildingsPatents and TrademarksMachinery and EquipmentOther Plant Assets	$
Machinery and EquipmentLandGoodwillBuildingsAccumulated AmortizationPatents and TrademarksOther Plant AssetsAccumulated Depreciation
BuildingsPatents and TrademarksGoodwillLandMachinery and EquipmentOther Plant AssetsAccumulated DepreciationAccumulated Amortization
AddLess: Patents and TrademarksAccumulated AmortizationGoodwillLandBuildingsMachinery and EquipmentOther Plant AssetsAccumulated Depreciation
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity
Accumulated DepreciationGoodwillAccumulated AmortizationPatents and TrademarksLandBuildingsMachinery and EquipmentOther Plant Assets
Machinery and EquipmentAccumulated DepreciationOther Plant AssetsAccumulated AmortizationGoodwillPatents and TrademarksLandBuildings	$
AddLess: BuildingsLandMachinery and EquipmentOther Plant AssetsPatents and TrademarksAccumulated AmortizationAccumulated DepreciationGoodwill
Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity