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Short-term Financing (Description of Credit Facilities) (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions |  | 12 Months Ended |
--- | --- | --- | ---
Mar. 17, 2016 | May 31, 2021 | May 31, 2020
Line of Credit Facility [Line Items] |  |  |  |
Maximum Amount Available |  |  | $ 1,700.0 |
Amount Outstanding | [1] |  | $ 7.4 | $ 5.1
JP Morgan Chase Bank, N.A. [Member] | JPM $1 Billion Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Expiration Date | [2] |  | Jul. 31, 2024 |
Maximum Amount Available | [2] |  | $ 1,000.0 |
JP Morgan Chase Bank, N.A. [Member] | JPM $500 Million Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Expiration Date | [2] |  | Aug. 17, 2022 |
Maximum Amount Available | [2] |  | $ 500.0 |
PNC Bank, National Association [Member] | PNC $250 Million Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Expiration Date | [3] |  | Feb. 06, 2023 |
Maximum Amount Available | [3] |  | $ 250.0 |
Amount Outstanding | [3] |  | $ 7.4 | $ 5.1
Weighted-average interest rate |  |  | 1.16% |
PNC Bank, National Association [Member] | PNC $150 Million Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Expiration Date |  | Feb. 06, 2020 |  |
Maximum Amount Available |  | $ 150.0 |  |
[1] | The total amount available under these credit facilities as of May 31, 2021 was approximately $1.7 billion. Amounts under the PNC credit facility remain outstanding as of the date of this report.
[2] |
|  |  |  | Maximum |  | Amount Outstanding
|  |  |  | Amount |  | May 31,
$ in millions |  | Expiration Date |  | Available |  | 2021 |  | 2020
Credit facilities: |  |  |  |  |  |  |  |  |  |  |
JP Morgan Chase Bank, N.A. ("JPM") (1) |  | July 31, 2024 |  | $ | 1,000.0 |  | $ | — |  | $ | —
JPM (1) |  | August 17, 2022 |  | $ | 500.0 |  |  | — |  |  | —
PNC Bank, National Association (“PNC”) (weighted-average interest rate of 1.16% at May 31, 2021 (2) |  | February 6, 2023 |  | $ | 250.0 |  |  | 7.4 |  |  | 5.1
Outstanding short-term financing (3) |  |  |  |  |  |  | $ | 7.4 |  | $ | 5.1
(1)JPM acts as the administrative agent for this syndicated credit facility.
[3] | This agreement replaced the Company’s predecessor four year unsecured $150.0 million credit facility dated March 17, 2016, which was terminated on February 6, 2020.

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- Definition Date the credit facility terminates, in CCYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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