Our audits also included performing such other procedures as we considered necessary in the circumstances. On November 19, 2015, the Company announced a two -for-one split of both NIKE Class A and Class B Common Stock. This seasonality, along with other factors that are beyond our control, including general economic conditions, changes in consumer preferences, weather conditions, availability of import quotas, transportation disruptions and currency exchange rate fluctuations, could adversely affect our business and cause our results of operations to fluctuate. Dollars as the subsidiary will be operating in a hyper-inflationary market. NIKE is supplied by 124 footwear factories located in 13 countries. Conversely, if our long-term debt ratings were to improve, the facility fee and interest rate would decrease. The gains and losses associated with discontinued derivative instruments in Accumulated other comprehensive income will be recognized immediately in Other expense (income), net , if it is probable the forecasted hedged transaction will not occur by the end of the initially identified time period or within an additional two -month period thereafter. On an interim basis, we estimate what our effective tax rate will be for the full fiscal year. We review the carrying value of long-lived assets or asset groups to be used in operations whenever events or changes in circumstances indicate the carrying amount of the assets might not be recoverable. NIKE is the largest seller of athletic footwear and apparel in the world. The information required by Items 407(d)(4) and (d)(5) of Regulation S-K regarding the Audit & Finance Committee of the Board of Directors is included under "Corporate Governance - Board Committees" in the definitive Proxy Statement for our 2018 Annual Meeting of Shareholders and is incorporated herein by reference. In August 2017, the FASB issued ASU No. NIKE has several distribution facilities outside the United States, some of which are leased and operated by third-party logistics providers. Footwear unit sales for fiscal 2018 increased 2% and higher average selling price (ASP) per pair contributed approximately 2 percentage points of footwear revenue growth, primarily due to the favorable impact of growth in our NIKE Direct business. The Company reviews the carrying value of long-lived assets or asset groups to be used in operations whenever events or changes in circumstances indicate the carrying amount of the assets might not be recoverable. In the current marketplace environment, we believe there has been a meaningful shift in the way consumers shop for product and make purchasing decisions. Our ability to effectively obtain real estate to open new retail stores and otherwise conduct our operations, both domestically and internationally, depends on the availability of real estate that meets our criteria for traffic, square footage, co-tenancies, lease economics, demographics and other factors. Management contract or compensatory plan or arrangement. In these cases, we estimate the date of receipt by the customer based upon historical delivery times by geographic location. Note 1 - Summary of Significant Accounting Policies in the accompanying Notes to the Consolidated Financial Statements describes the significant accounting policies and methods used in the preparation of our Consolidated Financial Statements. We rely upon specialists in the fields of biomechanics, chemistry, exercise physiology, engineering, industrial design, sustainability and related fields, as well as research committees and advisory boards made up of athletes, coaches, trainers, equipment managers, orthopedists, podiatrists and other experts to develop and test cutting-edge performance products. Any failure on our part to provide attractive, effective, reliable, user-friendly digital commerce platforms that offer a wide assortment of merchandise with rapid delivery options and that continually meet the changing expectations of online shoppers could place us at a competitive disadvantage, result in the loss of digital commerce and other sales, harm our reputation with customers, have a material adverse impact on the growth of our digital commerce business globally and could have a material adverse impact on our business and results of operations. Level 3 investments are valued using internally developed models with unobservable inputs and are an immaterial portion of our portfolio. In addition, we market our products globally through a diverse spectrum of advertising and promotional programs and campaigns, including social media, mobile applications and online advertising. *, Form of Indemnity Agreement entered into between the Company and each of its officers and directors (incorporated by reference to Exhibit 10.2 to the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2008). Derivatives designated as fair value hedges: All interest rate swaps designated as fair value hedges meet the shortcut method requirements under the accounting standards for derivatives and hedging. The difficulty in forecasting demand also makes it difficult to estimate our future results of operations, financial condition and cash flows from period to period. Our objective in managing this interest rate exposure is to limit the impact of interest rate changes on earnings and cash flows and to reduce overall borrowing costs. The amount of capitalizable payroll costs with respect to these employees is limited to the time directly spent on such projects. Our earnings are also exposed to movements in short- and long-term market interest rates. The increase in Cash used by financing activities was primarily driven by $1,482 million of net proceeds from the issuance of long-term debt in fiscal 2017, which did not recur in fiscal 2018. On a currency-neutral basis, NIKE, Inc. 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