Revenue (Tables)

3 Months Ended

Aug. 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:

(In thousands, except percentages)	August 31, 2024			May 31, 2024			$ Change			% Change
Trade accounts receivable, less allowances	$	1,344,177		$	1,419,445		$	(75,268	)		(5.3	%)
Contract assets	$	78,537		$	57,833		$	20,704			35.8	%
Contract liabilities - short-term		(52,480	)		(44,996	)		(7,484	)		16.6	%
Net Contract Assets	$	26,057		$	12,837		$	13,220

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, 2024 and 2023:

	Three Months Ended
	August 31,			August 31,
(In thousands)	2024			2023
Beginning Balance	$	48,763		$	49,482
Bad debt provision		947			7,696
Uncollectible accounts written off, net of recoveries		(786	)		(782	)
Translation adjustments		182			188
Ending Balance	$	49,106		$	56,584