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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022

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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,520 $8,720 Property, plant, and equipment (net) 2,010 1,870 Other assets 1,550 1,610 Total assets $13,080 $12,200 Liabilities and Stockholders' Equity Current Liabilities $3,210 $3,320 Long-term liabilities 1,210 1,290 Stockholders' equity 8,660 7,590 Total liabilities and stockholders' equity $13,080 $12,200

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