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Debt, Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Feb. 29, 2020
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | Cintas' outstanding debt is summarized as follows:
(In thousands) | Interest Rate |  | Fiscal Year Issued |  | Fiscal Year Maturity |  | February 29, 2020 |  | May 31, 2019
Debt due within one year |  |  |  |  |  |  |  |  |
Commercial paper | 2.68 | % | (1) | 2019 |  | 2020 |  | $ | — |  |  | $ | 112,500 |
Term loan | 2.25 | % | (2) | 2019 |  | 2020 |  | 200,000 |  |  | 200,000 |
Debt issuance costs |  |  |  |  |  |  | (200) |  |  | (236) |
Total debt due within one year |  |  |  |  |  |  | $ | 199,800 |  |  | $ | 312,264 |
Debt due after one year |  |  |  |  |  |  |  |  |
Senior notes | 4.30 | % |  | 2012 |  | 2022 |  | $ | 250,000 |  |  | $ | 250,000 |
Senior notes | 2.90 | % |  | 2017 |  | 2022 |  | 650,000 |  |  | 650,000 |
Senior notes | 3.25 | % |  | 2013 |  | 2023 |  | 300,000 |  |  | 300,000 |
Senior notes (3) | 2.78 | % |  | 2013 |  | 2023 |  | 51,359 |  |  | 51,684 |
Senior notes (4) | 3.11 | % |  | 2015 |  | 2025 |  | 51,721 |  |  | 51,973 |
Senior notes | 3.70 | % |  | 2017 |  | 2027 |  | 1,000,000 |  |  | 1,000,000 |
Senior notes | 6.15 | % |  | 2007 |  | 2037 |  | 250,000 |  |  | 250,000 |
Debt issuance costs |  |  |  |  |  |  | (13,924) |  |  | (16,150) |
Total debt due after one year |  |  |  |  |  |  | $ | 2,539,156 |  |  | $ | 2,537,507 |
(1) Variable rate debt instrument. The rate presented is the variable borrowing rate at May 31, 2019. (2) Variable rate debt instrument. The rate presented is the variable borrowing rate at February 29, 2020. (3) Cintas assumed these senior notes with the acquisition of G&K Services, Inc. (G&K) in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.73%. (4) Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.88%.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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