Somebody asked me about Nike’s redeemable preferred stock. SFAS 150 is not my area of expertise really, but .. the question that came to me was “is this in the mezannine?” I understood that nothing was there anymore. This company (nike) seems to be putting it in the mezannine but not really .. they don’t have a subtotal for total liabilities. seems a little too slick for my tastes … anybody else??

Long-term debt 459.6 445.5
Deferred income taxes and other liabilities 876.1 870.1
Redeemable preferred stock 0.3 0.3
Shareholders’ equity 9,224.1 8,404.2
Total liabilities and shareholders’ equity $13,358.4 $12,809.7