Revenue (Tables)

12 Months Ended

May 31, 2024

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:

Year Ended May 31,	2024			2023			$ Change			% Change
(In thousands, except percents)
Trade accounts receivable, less allowances	$	1,419,445		$	1,503,040		$	(83,595	)		(5.6	%)
Contract assets	$	57,833		$	49,188		$	8,645			17.6	%
Contract liabilities - short-term		(44,996	)		(42,396	)		(2,600	)		6.1	%
Net Contract Assets	$	12,837		$	6,792		$	6,045

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the fiscal year ended May 31, 2024:

(In thousands)
Balance at June 1, 2023	$	49,482
Bad debt provision		18,375
Uncollectible accounts written off, net of recoveries		(19,160	)
Translation adjustments		66
Balance at May 31, 2024	$	48,763