Debt and Receivables Securitization (Tables)

12 Months Ended

May 31, 2022

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 May 31, 2022 and 2021:

(in thousands)	2022			2021
Short-term borrowings	$	47,997		$	-
4.60% senior notes due August 10, 2024		150,000			150,000
4.55% senior notes due April 15, 2026		250,000			250,000
4.30% senior notes due August 1, 2032		200,000			200,000
1.56% Series A senior note due August 23, 2031		39,382			44,871
1.90% Series B senior notes due August 23, 2034		59,019			67,245
Other		795			1,363
Total debt		747,193			713,479
Unamortized discount and debt issuance costs		(2,586	)		(2,990	)
Total debt, net		744,607			710,489
Less: current maturities and short-term borrowings		48,262			458
Total long-term debt	$	696,345		$	710,031

Maturities of Long-term Debt and Short-term Borrowings

Maturities of long-term debt and short-term borrowings in the next five fiscal years, and the remaining years thereafter, are as follows:

(in thousands)
2023	$	48,262
2024		265
2025		150,265
2026		250,000
2027		-
Thereafter		298,401
Total	$	747,193