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Debt and Receivables Securitization (Tables) | 6 Months Ended
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Nov. 30, 2023
Debt Disclosure [Abstract] |
Summary of Long-term Debt and Short-term Borrowings Outstanding | The following table summarizes our long-term debt and short-term borrowings outstanding at November 30, 2023 and May 31, 2023:
| November 30, |  | May 31, |
(In thousands) | 2023 |  | 2023 |
Short-term borrowings | $ | 175,000 |  | $ | 2,813 |
4.60% senior notes due August 10, 2024 |  | 150,000 |  |  | 150,000 |
4.55% senior notes due April 15, 2026 |  | - |  |  | 243,623 |
4.30% senior notes due August 1, 2032 |  | 200,000 |  |  | 200,000 |
1.56% Series A senior note due August 23, 2031 |  | 39,962 |  |  | 39,226 |
1.90% Series B senior notes due August 23, 2034 |  | 59,887 |  |  | 58,786 |
Other |  | 402 |  |  | 528 |
Total debt |  | 625,251 |  |  | 694,976 |
Unamortized discount and debt issuance costs |  | (1,433 | ) |  | (2,181 | )
Total debt, net |  | 623,818 |  |  | 692,795 |
Less: current maturities and short-term borrowings |  | 325,269 |  |  | 3,077 |
Total long-term debt | $ | 298,549 |  | $ | 689,718 |
Maturities of Long-term Debt and Short-term Borrowings | Maturities of long-term debt and short-term borrowings in fiscal 2024 year and the four fiscal years thereafter, are as follows:
(In thousands) |  |
2024 (1) | $ | 175,133 |
2025 |  | 150,269 |
2026 |  | - |
2027 |  | - |
2028 |  | - |
Thereafter |  | 299,849 |
Total | $ | 625,251 |
(1) Includes $175,000 associated with the Worthington Steel Credit Facility (as defined below). Subsequent to the Separation on December 1, 2023, we have no remaining obligation. See the “Other Financing Arrangements” section below for additional information.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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