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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Cash flows - operating activities:      
Net income (loss) $ 294.6 $ 44.4 $ 31.1
Earnings (loss) from discontinued operations, net of tax 279.1 31.1 26.2
Earnings (loss) from continuing operations 15.5 13.3 4.9
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by (used in) operating activities of continuing operations:      
Provision for losses on accounts receivable 10.6 7.3 5.8
Provision for losses on inventory 21.7 23.7 26.2
Provision for losses on royalty advances 3.6 6.5 4.9
Amortization of prepublication and production costs 30.4 32.9 26.6
Depreciation and amortization 48.3 61.6 67.5
Amortization of pension and post-retirement actuarial gains and losses 6.9 5.6 4.8
Deferred income taxes (3.5) 8.9 19.6
Stock-based compensation 8.8 8.4 5.5
Income from equity investments (2.0) (2.6) (2.3)
Non cash write off related to asset impairment 15.8 28.0 7.2
Unrealized (gain) loss on investments (0.6) 5.8 0.0
Changes in assets and liabilities, net of amounts acquired:      
Accounts receivable 1.6 (42.7) 88.5
Inventories (33.4) (19.3) (13.7)
Prepaid expenses and other current assets 0.0 24.4 (14.2)
Deferred promotion costs (0.3) (0.2) 0.3
Royalty advances (6.2) (7.6) (7.2)
Accounts payable 12.1 (9.7) 34.0
Other accrued expenses 5.3 7.3 (47.3)
Accrued income taxes (24.6) 1.4 (4.3)
Accrued royalties (3.1) 0.5 (57.1)
Deferred revenue 2.2 1.7 2.8
Pension and post-retirement (2.2) (16.2) (20.8)
Other noncurrent liabilities 2.5 (29.4) (3.6)
Other, net (1.1) (4.4) (2.1)
Total adjustments 92.8 91.9 121.1
Net cash provided by (used in) operating activities of continuing operations 108.3 105.2 126.0
Net cash provided by (used in) operating activities of discontinued operations 58.6 51.6 63.1
Net cash provided by (used in) operating activities 166.9 156.8 189.1
Cash flows - investing activities:      
Prepublication and production expenditures (29.0) (35.9) (33.4)
Additions to property, plant and equipment (30.3) (26.5) (54.1)
Proceeds from sale of assets 0.7 1.3 0.0
Loan to investee (3.0) 0.0 0.0
Repayment of loan to investee 4.8 0.0 0.0
Other investment and acquisition related payments (8.3) (1.0) (0.3)
Building purchase 0.0 (253.9) 0.0
Other 1.1 1.0 0.8
Net cash provided by (used in) investing activities of continuing operations (64.0) (315.0) (87.0)
Proceeds from sale of discontinued assets 577.7 0.0 0.0
Changes in restricted cash held in escrow for discontinued assets (34.5) 0.0 0.0
Other cash provided by (used in) investing activities of discontinued operations (33.9) (30.7) (37.0)
Net cash provided by (used in) investing activities 445.3 (345.7) (124.0)
Cash flows - financing activities:      
Net (repayments) borrowings under credit agreement and revolving loan (120.0) 120.0 0.0
Repayment of 5.00% notes 0.0 0.0 (153.0)
Borrowings under lines of credit 350.9 207.4 23.2
Repayments of lines of credit (359.9) (193.5) (27.5)
Repayment of capital lease obligations (0.2) (0.2) (1.0)
Reacquisition of common stock (3.5) (6.2) (11.8)
Proceeds pursuant to stock-based compensation plans 26.0 11.2 13.9
Payment of dividends (19.7) (17.8) (15.9)
Other 2.1 1.6 (0.6)
Net cash provided by (used in) financing activities of continuing operations (124.3) 122.5 (172.7)
Net cash provided by (used in) financing activities of discontinued operations (0.2) 0.0 0.0
Net cash provided by (used in) financing activities (124.5) 122.5 (172.7)
Effect of exchange rate changes on cash and cash equivalents (1.8) (0.1) 0.1
Net increase (decrease) in cash and cash equivalents 485.9 (66.5) (107.5)
Cash and cash equivalents at beginning of period 20.9 87.4 194.9
Cash and cash equivalents at end of period 506.8 20.9 87.4
Supplemental Information:      
Income taxes payments (refunds), net 34.2 2.0 30.0
Interest paid $ 3.2 $ 7.1 $ 15.1