Revenue (Tables)

9 Months Ended

Feb. 28, 2025

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)	February 28, 2025			May 31, 2024			$ Change			% Change
Trade accounts receivable, less allowances	$	1,105,085		$	1,419,445		$	(314,360	)		(22.1	%)
Contract assets	$	61,783		$	57,833		$	3,950			6.8	%
Contract liabilities - short-term		(47,548	)		(44,996	)		(2,552	)		5.7	%
Net Contract Assets	$	14,235		$	12,837		$	1,398

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three and nine months ended February 28, 2025 and February 29, 2024:

	Three Months Ended						Nine Months Ended
	February 28,			February 29,			February 28,			February 29,
(In thousands)	2025			2024			2025			2024
Beginning Balance	$	52,671		$	57,448		$	48,763		$	49,482
Bad debt provision		1,893			3,608			8,821			14,197
Uncollectible accounts written off, net of recoveries		(5,075	)		(2,471	)		(7,290	)		(5,285	)
Translation adjustments		(581	)		(208	)		(1,386	)		(17	)
Ending Balance	$	48,908		$	58,377		$	48,908		$	58,377