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Leases (Tables) | 12 Months Ended
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May 31, 2022
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 years ended May 31, 2022 and May 31, 2021:
| May 31, 2022 | May 31, 2021 |  | Location within Consolidated Balance Sheet
Operating leases | $ | 81.9 |  | $ | 78.6 |  |  | Operating lease right-of-use assets, net
Finance leases |  | 8.1 |  |  | 10.2 |  |  | Property, plant and equipment, net
Total lease assets | $ | 90.0 |  | $ | 88.8 |  |  |
Operating leases : |  |  |  |  |  |
Current portion | $ | 20.8 |  | $ | 25.0 |  |  | Current portion of operating lease liabilities
Non-current portion |  | 69.8 |  |  | 67.4 |  |  | Long-term operating lease liabilities
Total operating lease liabilities | $ | 90.6 |  | $ | 92.4 |  |  |
Finance leases : |  |  |  |  |  |
Current portion | $ | 2.3 |  | $ | 2.2 |  |  | Other accrued expenses
Non-current portion |  | 6.7 |  |  | 8.8 |  |  | Other noncurrent liabilities
Total finance lease liabilities | $ | 9.0 |  | $ | 11.0 |  |  |
Total lease liabilities | $ | 99.6 |  | $ | 103.4 |  |  |
Lease Expense, Cash Flow and Weighted Average Information | The following table summarizes the lease expense activity for the fiscal years ended May 31:
|  |  |  |  |  |  | Location within Consolidated Statements of Operations
| 2022 | 2021 | 2020
Operating lease expense | $ | 25.9 |  | $ | 28.3 |  | $ | 28.6 |  | Selling, general and administrative expenses
Finance lease costs : |  |  |  |  |  |  |
Depreciation of leased assets |  | 2.2 |  |  | 2.3 |  |  | 2.1 |  | Depreciation and amortization
Accretion of lease liabilities |  | 0.4 |  |  | 0.4 |  |  | 0.4 |  | Interest expense
Total lease expense | $ | 28.5 |  | $ | 31.0 |  | $ | 31.1 |  |
The following table summarizes certain cash flows information related to the Company's leases for the fiscal years ended May 31:
| 2022 | 2021 | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases | $ | 31.4 |  | $ | 27.4 |  | $ | 25.4 |
Operating cash flows from finance leases |  | 0.4 |  |  | 0.4 |  |  | 0.4 |
Financing cash flows from finance leases |  | 2.3 |  |  | 2.3 |  |  | 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 years ended May 31, 2022 and May 31, 2021:
| 2022 |  | 2021
Weighted-average remaining lease term (years): |  |  |
Operating Leases | 6.3 |  | 5.8
Finance Leases | 4.9 |  | 5.6
Weighted-average discount rate: |  |  |
Operating Leases | 4.3 | % |  | 4.6 | %
Finance Leases | 4.0 | % |  | 4.0 | %
Finance Lease, Maturity | The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2022:
| Operating Leases |  | Finance Leases
Fiscal 2023 | $ | 23.8 |  |  | $ | 2.6 |
Fiscal 2024 |  | 21.2 |  |  |  | 2.4 |
Fiscal 2025 |  | 15.5 |  |  |  | 1.6 |
Fiscal 2026 |  | 9.5 |  |  |  | 1.2 |
Fiscal 2027 |  | 7.6 |  |  |  | 1.1 |
Thereafter |  | 28.3 |  |  |  | 1.0 |
Total lease payments | $ | 105.9 |  |  | $ | 9.9 |
Less: interest |  | (15.3) |  |  |  | (0.9) |
Total lease liabilities | $ | 90.6 |  |  | $ | 9.0 |
Operating Lease, Maturity | The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2022:
| Operating Leases |  | Finance Leases
Fiscal 2023 | $ | 23.8 |  |  | $ | 2.6 |
Fiscal 2024 |  | 21.2 |  |  |  | 2.4 |
Fiscal 2025 |  | 15.5 |  |  |  | 1.6 |
Fiscal 2026 |  | 9.5 |  |  |  | 1.2 |
Fiscal 2027 |  | 7.6 |  |  |  | 1.1 |
Thereafter |  | 28.3 |  |  |  | 1.0 |
Total lease payments | $ | 105.9 |  |  | $ | 9.9 |
Less: interest |  | (15.3) |  |  |  | (0.9) |
Total lease liabilities | $ | 90.6 |  |  | $ | 9.0 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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