Revenue (Tables)

3 Months Ended

Aug. 31, 2023

Revenue from Contract with Customer [Abstract]

Trade Accounts Receivable Net of Allowances and Net Contract Assets

Trade accounts receivable, net of allowances, and net contract assets consisted of the following:

(In thousands, except percentages)	August 31, 2023			May 31, 2023			$ Change			% Change
Trade accounts receivable, less allowances	$	1,418,886		$	1,503,040		$	(84,154	)		(5.6	%)
Contract assets	$	71,939		$	49,188		$	22,751			46.3	%
Contract liabilities - short-term		(41,477	)		(42,396	)		919			(2.2	%)
Net Contract Assets	$	30,462		$	6,792		$	23,670

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three months ended August 31, 2023 and 2022:

	Three Months Ended
	August 31,			August 31,
(In thousands)	2023			2022
Beginning Balance	$	49,482		$	46,669
Bad debt provision		7,696			2,407
Uncollectible accounts written off, net of recoveries		(782	)		(667	)
Translation adjustments		188			(1,634	)
Ending Balance	$	56,584		$	46,775