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Other (Expense)/Income, Net | 9 Months Ended
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Feb. 28, 2025
Other Income and Expenses [Abstract] |
Other (Expense)/Income, Net | Note E: Other (Expense)/Income, Net Other (expense)/income, net, consisted of the following items:
|  | For the three months ended |  |  | For the nine months ended |
|  | February 28, |  |  | February 29, |  |  | February 28, |  |  | February 29, |
In millions |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Interest income on corporate investments |  | $ |  | 16.6 |  |  | $ |  | 19.3 |  |  | $ |  | 52.3 |  |  | $ |  | 61.1 |
Interest expense |  |  |  | (22.6 | ) |  |  |  | (9.9 | ) |  |  |  | (41.7 | ) |  |  |  | (27.8 | )
Other |  |  |  | (0.0 | ) |  |  |  | (0.0 | ) |  |  |  | (0.6 | ) |  |  |  | 0.6 |
Other (expense)/income, net |  | $ |  | (6.0 | ) |  | $ |  | 9.4 |  |  | $ |  | 10.0 |  |  | $ |  | 33.9 |
During the three months ended February 28, 2025, the Company entered into a Bridge Loan Commitment and executed three Swaption Contracts in connection with its pending acquisition of Paycor. This resulted in an additional $13.2 million of expense related to the amortization of debt issuance costs on the Bridge Loan Commitment and the excluded component of the initial fair value of the Swaption Contracts. These amounts are included in interest expense in the above table and in other (expense)/income, net on the Consolidated Statements of Income and Comprehensive Income. Refer to Note G Fair Value Measurements and Note H Supplemental Information for further discussion of the Bridge Loan Commitment and Swaption Contracts.

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
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