NIKE, Inc. Consolidated Balance Sheets NIKE, Inc. Consolidated Balance Sheets Identifiable intangible assets, net (Note 4) On millions) ASSETS Current assets: Cash and equivalents (Note 6) Short-term investments (Note 6) Accounts receivable, net (Note 1) Inventories (Notes 1 and 2) Deferred income taxes (Note 9) Prepaid expenses and other current assets (Notes 6 and 17) Total current assets Property, plant and equipment, net (Note 3) Goodwill (Note 4) May 31, 2015 2014 3,852 $ 2,220 2,072 2,922 3,358 3,434 4,337 3,947 389 355 1,968 818 15,976 13,696 3,011 2,834 281 282 131 131 Deferred income taxes and other assets (Notes 6, 9 and 17) 2,201 1,651 TOTAL ASSETS Current liabilities: $ 21,600 $ 18,594 LIABILITIES AND SHAREHOLDERS' EQUITY Current portion of long-term debt (Note 8) 107 $ Notes payable (Note 7) 74 167 Accounts payable (Note 7) 2,131 1,930 Accrued liabilities (Notes 5, 6 and 17) 3,951 2,491 Income taxes payable (Note 9) 71 432 Total current liabilities 6,334 5,027 Long-term debt (Note 8) 1,079 1,199 Deferred income taxes and other liabilities (Notes 6, 9, 13 and 17) 1,480 1,544 Commitments and contingencies (Note 16) Redeemable preferred stock (Note 10) Shareholders' equity: Common stock at stated value (Note 11): Class A convertible-178 and 178 shares outstanding Class B-679 and 692 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (Note 14) 3 6,773 5,865 1,246 85 Retained earnings Total shareholders' equity 4,685 4,871 12,707 10,824 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY S 21,600 $ 18,594 The accomp Notes to the Consolidated Financial Statements are an integral part of this statement +