NIKE INC 10-K form for the fiscal year ended 2018-05-31, page 44: 
|    |                                              |
|---:|:---------------------------------------------|
|  2 | NIKE, Inc. Consolidated Statements of Income |


|    |                                          |                    |        |      |        |      |        |        |    |    |        |
|---:|:-----------------------------------------|:-------------------|:-------|:-----|:-------|:-----|:-------|:-------|:---|:---|:-------|
|  2 |                                          | Year Ended May 31, |        |      |        |      |        |        |    |    |        |
|  3 | (In millions, except per share data)     | 2018               |        | 2017 |        | 2016 |        |        |    |    |        |
|  4 | Revenues                                 | $                  | 36,397 |      |        | $    | 34,350 |        |    | $  | 32,376 |
|  5 | Cost of sales                            | 20,441             |        |      | 19,038 |      |        | 17,405 |    |    |        |
|  6 | Gross profit                             | 15,956             |        |      | 15,312 |      |        | 14,971 |    |    |        |
|  7 | Demand creation expense                  | 3,577              |        |      | 3,341  |      |        | 3,278  |    |    |        |
|  8 | Operating overhead expense               | 7,934              |        |      | 7,222  |      |        | 7,191  |    |    |        |
|  9 | Total selling and administrative expense | 11,511             |        |      | 10,563 |      |        | 10,469 |    |    |        |
| 10 | Interest expense (income), net           | 54                 |        |      | 59     |      |        | 19     |    |    |        |
| 11 | Other expense (income), net              | 66                 |        |      | (196   | )    |        | (140   | )  |    |        |
| 12 | Income before income taxes               | 4,325              |        |      | 4,886  |      |        | 4,623  |    |    |        |
| 13 | Income tax expense                       | 2,392              |        |      | 646    |      |        | 863    |    |    |        |
| 14 | NET INCOME                               | $                  | 1,933  |      |        | $    | 4,240  |        |    | $  | 3,760  |
| 16 | Earnings per common share:               |                    |        |      |        |      |        |        |    |    |        |
| 17 | Basic                                    | $                  | 1.19   |      |        | $    | 2.56   |        |    | $  | 2.21   |
| 18 | Diluted                                  | $                  | 1.17   |      |        | $    | 2.51   |        |    | $  | 2.16   |
| 20 | Dividends declared per common share      | $                  | 0.78   |      |        | $    | 0.70   |        |    | $  | 0.62   |

The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.

44



, NIKE INC 10-K form for the fiscal year ended 2018-05-31, page 71: 
|    |                                                     |                    |        |      |        |      |        |        |    |    |        |
|---:|:----------------------------------------------------|:-------------------|:-------|:-----|:-------|:-----|:-------|:-------|:---|:---|:-------|
|  2 |                                                     | Year Ended May 31, |        |      |        |      |        |        |    |    |        |
|  3 | (In millions)                                       | 2018               |        | 2017 |        | 2016 |        |        |    |    |        |
|  4 | REVENUES                                            |                    |        |      |        |      |        |        |    |    |        |
|  5 | North America                                       | $                  | 14,855 |      |        | $    | 15,216 |        |    | $  | 14,764 |
|  6 | Europe, Middle East & Africa                        | 9,242              |        |      | 7,970  |      |        | 7,568  |    |    |        |
|  7 | Greater China                                       | 5,134              |        |      | 4,237  |      |        | 3,785  |    |    |        |
|  8 | Asia Pacific & Latin America                        | 5,166              |        |      | 4,737  |      |        | 4,317  |    |    |        |
|  9 | Global Brand Divisions                              | 88                 |        |      | 73     |      |        | 73     |    |    |        |
| 10 | Total NIKE Brand                                    | 34,485             |        |      | 32,233 |      |        | 30,507 |    |    |        |
| 11 | Converse                                            | 1,886              |        |      | 2,042  |      |        | 1,955  |    |    |        |
| 12 | Corporate                                           | 26                 |        |      | 75     |      |        | (86    | )  |    |        |
| 13 | TOTAL NIKE, INC. REVENUES                           | $                  | 36,397 |      |        | $    | 34,350 |        |    | $  | 32,376 |
| 14 | EARNINGS BEFORE INTEREST AND TAXES                  |                    |        |      |        |      |        |        |    |    |        |
| 15 | North America                                       | $                  | 3,600  |      |        | $    | 3,875  |        |    | $  | 3,763  |
| 16 | Europe, Middle East & Africa                        | 1,587              |        |      | 1,507  |      |        | 1,787  |    |    |        |
| 17 | Greater China                                       | 1,807              |        |      | 1,507  |      |        | 1,372  |    |    |        |
| 18 | Asia Pacific & Latin America                        | 1,189              |        |      | 980    |      |        | 1,002  |    |    |        |
| 19 | Global Brand Divisions                              | (2,658             | )      |      | (2,677 | )    |        | (2,596 | )  |    |        |
| 20 | Total NIKE Brand                                    | 5,525              |        |      | 5,192  |      |        | 5,328  |    |    |        |
| 21 | Converse                                            | 310                |        |      | 477    |      |        | 487    |    |    |        |
| 22 | Corporate                                           | (1,456             | )      |      | (724   | )    |        | (1,173 | )  |    |        |
| 23 | Total NIKE, Inc. Earnings Before Interest and Taxes | 4,379              |        |      | 4,945  |      |        | 4,642  |    |    |        |
| 24 | Interest expense (income), net                      | 54                 |        |      | 59     |      |        | 19     |    |    |        |
| 25 | TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES         | $                  | 4,325  |      |        | $    | 4,886  |        |    | $  | 4,623  |
| 26 | ADDITIONS TO LONG-LIVED ASSETS                      |                    |        |      |        |      |        |        |    |    |        |
| 27 | North America                                       | $                  | 196    |      |        | $    | 223    |        |    | $  | 242    |
| 28 | Europe, Middle East & Africa                        | 240                |        |      | 173    |      |        | 234    |    |    |        |
| 29 | Greater China                                       | 76                 |        |      | 51     |      |        | 44     |    |    |        |
| 30 | Asia Pacific & Latin America                        | 49                 |        |      | 59     |      |        | 62     |    |    |        |
| 31 | Global Brand Divisions                              | 286                |        |      | 278    |      |        | 258    |    |    |        |
| 32 | Total NIKE Brand                                    | 847                |        |      | 784    |      |        | 840    |    |    |        |
| 33 | Converse                                            | 22                 |        |      | 30     |      |        | 39     |    |    |        |
| 34 | Corporate                                           | 325                |        |      | 387    |      |        | 312    |    |    |        |
| 35 | TOTAL ADDITIONS TO LONG-LIVED ASSETS                | $                  | 1,194  |      |        | $    | 1,201  |        |    | $  | 1,191  |
| 36 | DEPRECIATION                                        |                    |        |      |        |      |        |        |    |    |        |
| 37 | North America                                       | $                  | 160    |      |        | $    | 140    |        |    | $  | 133    |
| 38 | Europe, Middle East & Africa                        | 116                |        |      | 106    |      |        | 85     |    |    |        |
| 39 | Greater China                                       | 56                 |        |      | 54     |      |        | 48     |    |    |        |
| 40 | Asia Pacific & Latin America                        | 55                 |        |      | 54     |      |        | 42     |    |    |        |
| 41 | Global Brand Divisions                              | 217                |        |      | 233    |      |        | 230    |    |    |        |
| 42 | Total NIKE Brand                                    | 604                |        |      | 587    |      |        | 538    |    |    |        |
| 43 | Converse                                            | 33                 |        |      | 28     |      |        | 27     |    |    |        |
| 44 | Corporate                                           | 110                |        |      | 91     |      |        | 84     |    |    |        |
| 45 | TOTAL DEPRECIATION                                  | $                  | 747    |      |        | $    | 706    |        |    | $  | 649    |


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Question: What is Nike's Operating Profit Margin for fiscal year 2018?
Answer: To calculate Nike's Operating Profit Margin for 2018:

Formula:
Operating Profit Margin = (Operating Income / Total Revenue) × 100

Operating Income (EBIT, 2018) = $4,379 million
Total Revenue (2018) = $36,397 million
Operating Profit Margin = (4,379 / 36,397) × 100 ≈ 12.03%