XML 62 R42.htm IDEA: XBRL DOCUMENT
v3.24.2

Leases (Tables) | 12 Months Ended
--- | ---
May 31, 2024
Leases [Abstract] |
Summary of Lease Costs | The following represents our lease costs as of May 31, 2024, 2023 and 2022:
May 31, |  | 2024 |  |  | 2023 |  |  | 2022 |
(In thousands) |  |  |  |  |  |  |  |  |
Operating lease expense |  | $ | 87,225 |  |  | $ | 78,783 |  |  | $ | 78,479 |
Variable lease expense |  |  | 15,305 |  |  |  | 13,550 |  |  |  | 10,795 |
Short-term lease expense |  |  | 2,104 |  |  |  | 1,960 |  |  |  | 2,132 |
Summary of Supplemental Cash Flow, Balance Sheet, and Other Required Disclosures | The following represents our supplemental cash flow, balance sheet, and other required disclosures as of May 31, 2024 and 2023:
May 31, |  | 2024 |  |  | 2023 |
(In thousands) |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | 81,540 |  |  | $ | 74,251 |
Leased assets obtained in exchange for operating lease obligations |  |  | 69,749 |  |  |  | 90,399 |
Current portion of operating leases within other accrued liabilities |  | $ | 66,298 |  |  | $ | 59,590 |
Weighted average remaining lease term for operating leases (in years) |  |  | 7.7 |  |  |  | 8.5 |
Weighted average discount rate for operating leases |  |  | 4.2 | % |  |  | 3.9 | %
Schedule of Future Undiscounted Cash Flows and Reconciliation to Lease Liabilities | The following represents our future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities, as of May 31, 2024:
(In thousands) |  |  |
Year ending May 31, |  | Operating Leases |
2025 |  | $ | 78,528 |
2026 |  |  | 69,604 |
2027 |  |  | 57,339 |
2028 |  |  | 44,471 |
2029 |  |  | 32,730 |
Thereafter |  |  | 134,162 |
Total lease payments |  | $ | 416,834 |
Less imputed interest |  |  | 69,255 |
Total present value of lease liabilities |  | $ | 347,579 |

X
- Definition Supplemental cash Flow, balance sheet, and other required disclosures. + References No definition available. + Details
Name: | rpm_SupplementalCashFlowBalanceSheetAndOtherRequiredDisclosuresTableTextBlock
Namespace Prefix: | rpm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration