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Leases (Tables)
 12 Months Ended
May 31, 2021
Leases [Abstract]  
Assets And Liabilities
The following table summarizes right-of-use assets and lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2021 and May 31, 2020:

May 31, 2021May 31, 2020Location within Consolidated Balance Sheet
Operating leases$78.6 $95.3 Operating lease right-of-use assets, net
Finance leases10.2 10.9 Property, plant and equipment, net
Total lease assets$88.8 $106.2 
Operating leases :
Current portion$25.0 $22.8 Current portion of operating lease liabilities
Non-current portion67.4 75.7 Long-term operating lease liabilities
Total operating lease liabilities$92.4 $98.5 
Finance leases :
Current portion$2.2 $2.1 Other accrued expenses
Non-current portion8.8 9.5 Other noncurrent liabilities
Total finance lease liabilities$11.0 $11.6 
Total lease liabilities$103.4 $110.1 
Lease Expense, Cash Flow and Weighted Average Information
The following table summarizes the activity for the fiscal year ended May 31, 2021 and May 31, 2020:
Location within Consolidated Statements of Operations
May 31, 2021May 31, 2020
Operating lease expense (1)
$28.3 $28.6 Selling, general and administrative expenses
Finance lease costs :
Depreciation of leased assets2.3 2.1 Depreciation and amortization
Accretion of lease liabilities0.4 0.4 Interest expense
Total lease expense$31.0 $31.1 
(1) In fiscal 2020, the Company elected to account for rent concessions negotiated in connection with COVID-19 as if they were contemplated as part of the existing contract. Under this accounting model, the Company continued to recognize lease expense as the lessee and rental income as the lessor. There is an immaterial impact from these concessions for the fiscal year ended May 31, 2020. COVID-19 may cause changes in the market that could impact future lease payments.

The following table summarizes certain cash flows information related to the Company's leases for the fiscal year ended May 31, 2021 and May 31, 2020:
May 31, 2021May 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$27.4 $25.4 
Operating cash flows from finance leases0.4 0.4 
Financing cash flows from finance leases2.3 2.0 
The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's leases recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2021 and May 31, 2020:

20212020
Weighted-average remaining lease term (years):
Operating Leases5.85.8
Finance Leases5.65.9
Weighted-average discount rate:
Operating Leases4.6 %4.7 %
Finance Leases4.0 %3.8 %
Finance Lease, Maturity
The following table provides a maturity analysis summary of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2021:

Operating LeasesFinance Leases
Fiscal 2022$28.7 $2.6 
Fiscal 202323.3 2.5 
Fiscal 202415.8 2.4 
Fiscal 20259.7 1.6 
Fiscal 20265.5 1.1 
Thereafter24.5 2.1 
Total lease payments$107.5 $12.3 
Less: interest(15.1)(1.3)
Total lease liabilities$92.4 $11.0 
Operating Lease, Maturity
The following table provides a maturity analysis summary of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2021:

Operating LeasesFinance Leases
Fiscal 2022$28.7 $2.6 
Fiscal 202323.3 2.5 
Fiscal 202415.8 2.4 
Fiscal 20259.7 1.6 
Fiscal 20265.5 1.1 
Thereafter24.5 2.1 
Total lease payments$107.5 $12.3 
Less: interest(15.1)(1.3)
Total lease liabilities$92.4 $11.0