Debt and Receivables Securitization (Tables)

12 Months Ended

May 31, 2023

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, 2023 and 2022:

(In thousands)	2023			2022
Short-term borrowings	$	2,813		$	47,997
4.60% senior notes due August 10, 2024		150,000			150,000
4.55% senior notes due April 15, 2026		243,623			250,000
4.30% senior notes due August 1, 2032		200,000			200,000
1.56% Series A senior note due August 23, 2031		39,226			39,382
1.90% Series B senior notes due August 23, 2034		58,786			59,019
Other		528			795
Total debt		694,976			747,193
Unamortized discount and debt issuance costs		(2,181	)		(2,586	)
Total debt, net		692,795			744,607
Less: current maturities and short-term borrowings		3,077			48,262
Total long-term debt	$	689,718		$	696,345

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)
2024	$	3,077
2025		150,264
2026		243,623
2027		-
2028		-
Thereafter		298,012
Total	$	694,976