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Revenue (Tables)
9 Months Ended
Feb. 28, 2021
Revenue From Contract With Customer [Abstract]  
Trade Accounts Receivable Net of Allowances and Net Contract Assets (Liabilities)

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

 

(In thousands, except percentages)

 

February 28, 2021

 

 

November 30, 2020

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

998,783

 

 

$

1,081,841

 

 

$

(83,058

)

 

 

-7.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

22,993

 

 

$

27,154

 

 

$

(4,161

)

 

 

-15.3

%

Contract liabilities - short-term

 

 

(31,918

)

 

 

(28,310

)

 

 

(3,608

)

 

 

12.7

%

Net Contract (Liabilities)

 

$

(8,925

)

 

$

(1,156

)

 

$

(7,769

)

 

 

672.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except percentages)

 

February 28, 2021

 

 

May 31, 2020

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

998,783

 

 

$

1,137,957

 

 

$

(139,174

)

 

 

-12.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

22,993

 

 

$

25,249

 

 

$

(2,256

)

 

 

-8.9

%

Contract liabilities - short-term

 

 

(31,918

)

 

 

(25,288

)

 

 

(6,630

)

 

 

26.2

%

Net Contract (Liabilities)

 

$

(8,925

)

 

$

(39

)

 

$

(8,886

)

 

 

 

 

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, 2021:

 

(In thousands)

 

 

 

 

Balance at November 30, 2020

 

$

53,542

 

Bad debt provision

 

 

3,800

 

Uncollectible accounts written off, net of recoveries

 

 

(5,661

)

Translation adjustments

 

 

522

 

Balance at February 28, 2021

 

$

52,203

 

 

 

 

 

 

(In thousands)

 

 

 

 

Balance at June 1, 2020

 

$

55,847

 

Bad debt provision

 

 

4,968

 

Uncollectible accounts written off, net of recoveries

 

 

(11,008

)

Translation adjustments

 

 

2,396

 

Balance at February 28, 2021

 

$

52,203