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Valuation And Qualifying Accounts and Reserves (Schedule II)
12 Months Ended
May 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts and Reserves (Schedule II)

RPM International Inc. and Subsidiaries

Valuation And Qualifying Accounts and Reserves (Schedule II)

 

 

 

 

 

 

Additions

 

 

Acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charged to

 

 

(Disposals)

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

Selling,

 

 

of Businesses

 

 

 

 

 

 

 

Balance at

 

 

 

Beginning

 

 

General and

 

 

and

 

 

 

(Deductions)

 

 

 

End

 

(In thousands)

 

of Period

 

 

Administrative

 

 

Reclassifications

 

 

 

Additions

 

 

 

of Period

 

Year Ended May 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

55,922

 

 

$

4,326

 

 

$

 

 

 

$

(13,579

)

(1)

 

$

46,669

 

Accrued product liability and other loss reserves

 

$

18,297

 

 

$

8,358

 

 

$

 

 

 

$

(10,652

)

(2)

 

$

16,003

 

Accrued environmental reserves

 

$

1,329

 

 

$

674

 

 

$

 

 

 

$

(948

)

(2)

 

$

1,055

 

Noncurrent:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued product liability and other loss reserves

 

$

26,614

 

 

$

10,760

 

 

$

 

 

 

$

(11,148

)

(2)

 

$

26,226

 

Accrued environmental reserves

 

$

6,267

 

 

$

318

 

 

$

 

 

 

$

(331

)

 

 

$

6,254

 

Year Ended May 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

55,847

 

 

$

10,044

 

 

$

 

 

 

$

(9,969

)

(1)

 

$

55,922

 

Accrued product liability and other loss reserves

 

$

10,458

 

 

$

14,173

 

 

$

 

 

 

$

(6,334

)

(2)

 

$

18,297

 

Accrued environmental reserves

 

$

1,970

 

 

$

1,045

 

 

$

 

 

 

$

(1,686

)

(2)

 

$

1,329

 

Noncurrent:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued product liability and other loss reserves

 

$

27,016

 

 

$

15,366

 

 

$

 

 

 

$

(15,768

)

(2)

 

$

26,614

 

Accrued environmental reserves

 

$

4,125

 

 

$

1,918

 

 

$

 

 

 

$

224

 

 

 

$

6,267

 

Year Ended May 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

54,748

 

 

$

16,683

 

 

$

(79

)

 

 

$

(15,505

)

(1)

 

$

55,847

 

Accrued product liability and other loss reserves

 

$

11,739

 

 

$

5,356

 

 

$

 

 

 

$

(6,637

)

(2)

 

$

10,458

 

Accrued environmental reserves

 

$

1,147

 

 

$

1,168

 

 

$

 

 

 

$

(345

)

(2)

 

$

1,970

 

Noncurrent:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued product liability and other loss reserves

 

$

29,942

 

 

$

15,042

 

 

$

 

 

 

$

(17,968

)

(2)

 

$

27,016

 

Accrued environmental reserves

 

$

4,211

 

 

$

371

 

 

$

 

 

 

$

(457

)

 

 

$

4,125

 

 

(1)
Uncollectible accounts written off, net of recoveries
(2)
Primarily claims paid during the year, net of insurance contributions