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Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)
 12 Months Ended
May 31, 2025
Accounting Policies [Abstract]  
Schedule of Accounts Receivable, Net of Allowance for Credit Losses Accounts receivable balances are shown on the Consolidated Balance Sheets net of the allowance for credit losses as follows:

 

 

May 31,

 

 

May 31,

 

In millions

 

2025

 

 

2024

 

Trade receivables

 

$

 

205.4

 

 

$

 

141.3

 

Purchased receivables

 

 

 

1,151.1

 

 

 

 

939.6

 

Total accounts receivable, gross

 

 

 

1,356.5

 

 

 

 

1,080.9

 

Less: Allowance for credit losses

 

 

 

26.0

 

 

 

 

21.3

 

Accounts receivable, net of allowance for credit losses

 

$

 

1,330.5

 

 

$

 

1,059.6

 

 
Schedule of Allowance for Credit Losses Activity Related to Accounts Receivables

Allowance for credit losses activity related to accounts receivables are as follows:

 

 

 

Year ended May 31,

 

In millions

 

 

2025

 

 

 

2024

 

 

 

2023

 

Balance, beginning of period

 

$

 

21.3

 

 

$

 

20.5

 

 

$

 

18.2

 

Provision for credit losses

 

 

 

24.2

 

 

 

 

19.8

 

 

 

 

17.7

 

Write-offs and recoveries

 

 

 

(19.5

)

 

 

 

(19.0

)

 

 

 

(15.4

)

Balance, end of period

 

$

 

26.0

 

 

$

 

21.3

 

 

$

 

20.5

 
Estimated Useful Lives of Depreciable Assets The estimated useful lives of depreciable assets are generally as follows:

 

Category

 

Depreciable life

Buildings and improvements

 

10 to 35 years or the remaining life, whichever is shorter

Data processing equipment

 

3 to 5 years

Furniture, fixtures, and equipment

 

2 to 7 years

Leasehold improvements

 

10 years or the life of the lease, whichever is shorter

Software

 

3 to 12 years
Summary of Estimated Useful Lives of Amortizable Assets The estimated useful lives of amortizable assets are generally as follows:

 

Category

 

Amortizable life

Client lists

 

3 to 12 years

Acquired developed software

 

5 to 7 years

Other intangibles:

 

 

Finite-lived trade names and trademarks

 

3 to 15 years

Naming rights

 

Over remaining term of underlying agreement