Financing Arrangements (Tables)

12 Months Ended

May 31, 2024

Financing Arrangements

Schedule of carrying amount of debt

	May 31,
	2024		2023
Revolving Credit Facility with interest payable monthly	$	447.0	$	272.0
Senior Notes		550.0		—
Debt issuance costs, net		(11.6)		(2.3)
Long-term debt	$	985.4	$	269.7

Schedule of borrowing activity under the Credit Agreement

	For the Year Ended May 31,
	2024			2023			2022
Maximum amount borrowed	$	577.0		$	350.0		$	124.5
Average daily borrowings		386.3			210.2			105.9
Average interest rate during the year		6.69	%		5.11	%		1.09	%

Schedule of specified redemption prices

2026	103.375	%
2027	101.688	%
2028 and thereafter	100.000	%