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Derivative Financial Instruments and Hedging Activities (Tables) | 3 Months Ended
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Aug. 31, 2025
Schedule of Fair Value of Derivative Instruments | The following table summarizes the fair value of our derivative financial instruments and the respective lines in which they were recorded in the consolidated balance sheet at August 31, 2025 and May 31, 2025:
|  | Fair Value of Assets |  |  | Fair Value of Liabilities |
|  | Balance |  |  |  |  |  |  |  | Balance |  |  |  |  |  |
|  | Sheet |  | August 31, |  |  | May 31, |  |  | Sheet |  | August 31, |  |  | May 31, |
|  | Location |  | 2025 |  |  | 2025 |  |  | Location |  | 2025 |  |  | 2025 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Receivables |  | $ | 441 |  |  | $ | 478 |  |  | Accounts payable |  | $ | 334 |  |  | $ | 51 |
Commodity contracts |  | Other assets |  |  | - |  |  |  | - |  |  | Other liabilities |  |  | 44 |  |  |  | 35 |
Foreign currency exchange contracts |  | Receivables |  |  | 153 |  |  |  | 483 |  |  | Accounts payable |  |  | - |  |  |  | - |
Subtotal |  |  |  |  | 594 |  |  |  | 961 |  |  |  |  |  | 378 |  |  |  | 86 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Receivables |  | $ | 36 |  |  | $ | 81 |  |  | Accounts payable |  | $ | 101 |  |  | $ | 15 |
Foreign currency exchange contracts |  | Receivables |  |  | - |  |  |  | - |  |  | Accounts payable |  |  | 7,541 |  |  |  | 7,360 |
Subtotal |  |  |  |  | 36 |  |  |  | 81 |  |  |  |  |  | 7,642 |  |  |  | 7,375 |
Total derivative financial instruments |  | $ | 630 |  |  | $ | 1,042 |  |  |  |  | $ | 8,020 |  |  | $ | 7,461 |
Schedule of Summary of Derivative Hedges | The following table summarizes the net notional positions of our economic (non-designated) derivative financial instruments outstanding at August 31, 2025:
|  | Notional |  |  |
|  | Amount |  |  | Maturity Date(s)
Commodity contracts |  | $ | 1,308 |  |  | September 2025 - November 2026
Foreign currency exchange contracts |  |  | 39,173 |  |  | November 2025 - December 2025
Schedule of Gain (Loss) Recognized in Earnings for Economic (Non-Designated) Derivative Financial Instruments | The following table summarizes the gain (loss) recognized in earnings for economic (non-designated) derivative financial instruments for the periods presented:
|  |  |  | Gain (Loss) |
|  |  |  | Recognized in Earnings for the |
|  |  |  | Three Months Ended |
|  | Location of Gain (Loss) |  | August 31, |  |  | August 31, |
|  | Recognized in Earnings |  | 2025 |  |  | 2024 |
Commodity contracts |  | Cost of goods sold |  | $ | (47 | ) |  | $ | 87 |
Foreign currency exchange contracts |  | Miscellaneous income (expense), net |  |  | 674 |  |  |  | 1,047 |
Total |  |  |  | $ | 627 |  |  | $ | 1,134 |
Cash Flow Hedges |
Schedule of Summary of Derivative Hedges | The following table summarizes the net notional positions of our cash flow hedges at August 31, 2025:
|  | Notional |  |  |
|  | Amount |  |  | Maturity Date(s)
Commodity contracts |  | $ | 9,423 |  |  | September 2025 - December 2027
Foreign currency exchange contracts |  |  | 6,895 |  |  | September 2025 - April 2026
The following table summarizes the gain (loss) recognized in OCI and the gain (loss) reclassified from AOCI into net earnings for derivative financial instruments designated as cash flow hedges for the periods presented:
|  |  |  |  | Location of |  | Gain (Loss) |
|  | Gain (Loss) |  |  | Gain (Loss) |  | Reclassified |
|  | Recognized |  |  | Reclassified from AOCI |  | from AOCI |
|  | in OCI |  |  | into Net Earnings |  | into Net Earnings |
For the three months ended August 31, 2025: |
Commodity contracts |  | $ | 77 |  |  | Cost of goods sold |  | $ | 393 |
Interest rate contracts |  |  | - |  |  | Interest expense, net |  |  | 52 |
Foreign currency exchange contracts |  |  | 257 |  |  | Miscellaneous expense, net |  |  | 328 |
Total |  | $ | 334 |  |  |  |  | $ | 773 |
For the three months ended August 31, 2024: |
Commodity contracts |  | $ | (398 | ) |  | Cost of goods sold |  | $ | (385 | )
Interest rate contracts |  |  | - |  |  | Interest expense, net |  |  | 52 |
Total |  | $ | (398 | ) |  |  |  | $ | (333 | )

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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