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Debt, Derivatives and Hedging Activities (Tables) | 12 Months Ended
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May 31, 2024
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | Cintas' outstanding debt is summarized as follows at May 31:
(In thousands) | Interest Rate |  | Fiscal Year Issued |  | Fiscal Year Maturity |  | 2024 |  | 2023
Debt due within one year |  |  |  |  |  |  |  |  |
Senior notes (1) | 3.11 | % |  | 2015 |  | 2025 |  | $ | 50,294 |  |  | $ | — |
Senior notes | 3.45 | % |  | 2022 |  | 2025 |  | 400,000 |  |  | — |
Debt issuance costs |  |  |  |  |  |  | (699) |  |  | — |
Total debt due within one year |  |  |  |  |  |  | $ | 449,595 |  |  | $ | — |
Debt due after one year |  |  |  |  |  |  |  |  |
Senior notes (1) | 3.11 | % |  | 2015 |  | 2025 |  | $ | — |  |  | $ | 50,630 |
Senior notes | 3.45 | % |  | 2022 |  | 2025 |  | — |  |  | 400,000 |
Senior notes | 3.70 | % |  | 2017 |  | 2027 |  | 1,000,000 |  |  | 1,000,000 |
Senior notes | 4.00 | % |  | 2022 |  | 2032 |  | 800,000 |  |  | 800,000 |
Senior notes | 6.15 | % |  | 2007 |  | 2037 |  | 236,550 |  |  | 250,000 |
Debt issuance costs |  |  |  |  |  |  | (10,616) |  |  | (14,225) |
Total debt due after one year |  |  |  |  |  |  | $ | 2,025,934 |  |  | $ | 2,486,405 |
(1) 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 until repayment in fiscal 2025.
Schedule of Interest Rate Lock Agreements | The fair values of the outstanding interest rate locks, for forecasted debt issuances, which are included in other assets, net, are summarized as follows at May 31:
Fiscal Year of Issuance (in thousands) | 2024 |  | 2023
2022 | $ | 56,717 |  |  |  |  | $ | 44,803 |  |
2020 | $ | 38,112 |  |  |  |  | $ | 25,646 |  |

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