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Nike Inc's quarterly construction in progress increased from Feb. 2014 ($0 Mil) to May. 2014 ($247 Mil) but then declined from May. 2014 ($247 Mil) to Aug. 2014 ($0 Mil).
Nike Inc's annual construction in progress increased from May. 2012 ($110 Mil) to May. 2013 ($128 Mil) and increased from May. 2013 ($128 Mil) to May. 2014 ($247 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Nike Inc Annual Data
Nike Inc Quarterly Data