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Revenue (Tables)
9 Months Ended
Feb. 28, 2026
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 (liabilities) assets consisted of the following:

(In thousands, except percentages)

 

February 28, 2026

 

 

May 31, 2025

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

1,223,395

 

 

$

1,509,109

 

 

$

(285,714

)

 

 

(18.9

%)

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

61,132

 

 

$

72,949

 

 

$

(11,817

)

 

 

(16.2

%)

Contract liabilities - short-term

 

 

(65,834

)

 

 

(56,634

)

 

 

(9,200

)

 

 

16.2

%

Net Contract (Liabilities) Assets

 

$

(4,702

)

 

$

16,315

 

 

$

(21,017

)

 

 

 

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses:

 

Three Months Ended

 

 

Nine Months Ended

 

 

February 28,

 

February 28,

 

 

February 28,

 

February 28,

 

(In thousands)

2026

 

2025

 

 

2026

 

2025

 

Beginning Balance

$

39,612

 

$

52,671

 

 

$

42,844

 

$

48,763

 

Bad debt provision

 

339

 

 

1,893

 

 

 

1,640

 

 

8,821

 

Uncollectible accounts written off, net of recoveries

 

(2,820

)

 

(5,075

)

 

 

(7,530

)

 

(7,290

)

Translation adjustments

 

586

 

 

(581

)

 

 

763

 

 

(1,386

)

Ending Balance

$

37,717

 

$

48,908

 

 

$

37,717

 

$

48,908