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Borrowings (Tables) | 12 Months Ended
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May 31, 2025
Debt Disclosure [Abstract] |
Description of Long-Term Debt | A description of long-term debt follows:
May 31, |  | 2025 |  |  | 2024 |
(In thousands) |  |  |  |  |  |
Total Long-Term Debt (1) |  |  |  |  |  |
Revolving credit facility with a syndicate of banks, through August 1, 2027 (2) |  | $ | 789,023 |  |  | $ | 344,732 |
Accounts receivable securitization program with two banks, through April 30, 2028 |  |  | 190,000 |  |  |  | 130,000 |
Unsecured 3.75% notes due March 15, 2027 (3) |  |  | 399,885 |  |  |  | 399,822 |
Unsecured 4.55% senior notes due March 1, 2029 (3) |  |  | 349,782 |  |  |  | 349,730 |
Unsecured 2.95% notes due January 15, 2032 (3) |  |  | 299,535 |  |  |  | 299,472 |
Unsecured 5.25% notes due June 1, 2045 (3) |  |  | 301,363 |  |  |  | 301,404 |
Unsecured 4.25% notes due January 15, 2048 (3) |  |  | 299,992 |  |  |  | 299,992 |
Other obligations, including finance leases and unsecured notes payable at various rates of interest due in installments through 2038 |  |  | 28,041 |  |  |  | 14,652 |
Unamortized debt issuance costs |  |  | (11,008 | ) |  |  | (12,656 | )
|  |  | 2,646,613 |  |  |  | 2,127,148 |
Less: current portion |  |  | 7,691 |  |  |  | 136,213 |
Total Long-Term Debt, Less Current Maturities |  | $ | 2,638,922 |  |  | $ | 1,990,935 |
(1) T he fiscal 2024 amounts herein were reclassified to conform with the current year presentation which shows unamortized debt issuance costs as separate line item. This presentation change did not have any impact on the previously reported debt balances. (2) Interest as of May 31, 2025 was 5.53% for the USD denominated swingline account, which is tied to SOFR; 3.31% on EUR denominated debt which is tied to ESTR; 5.34% on GBP denominated debt, which is tied to the Sterling Overnight Index Average (SONIA); 4.15% on CAD denominated debt, which is tied to CORRA. The debt balances outstanding, excluding deferred financing fees, as of May 31, 2025 for the USD denominated swingline, EUR denominated revolver, GBP denominated revolver, and CAD denominated revolver were as follows: $17.7 million, $271.2 million, $45.1 million, and $455.1 million. Interest as of May 31, 2024 was 6.53% for the USD denominated swingline account, which is tied to SOFR; 5.05% on EUR denominated debt which is tied to ESTR; and 6.33% on GBP denominated debt, which is tied to the SONIA. The debt balances outstanding, excluding deferred financing fees, as of May 31, 2024 for the USD denominated swingline, EUR denominated revolver, and GBP denominated debt were as follows: $15.8 million, $299.4 million, and $29.5 million. (3) Net of bond discounts and premiums of $0.6 million and $0.4 million at May 31, 2025 and 2024, respectively.

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