Financing Arrangements (Tables)

12 Months Ended

May 31, 2026

Financing Arrangements

Summary of carrying amount of debt

	May 31,
	2026		2025
Senior Notes	$	700.0	$	550.0
Amended Revolving Credit Facility with interest payable monthly		200.0		427.0
Debt premium, net		2.3		—
Debt issuance costs, net		(8.4)		(9.0)
Long-term debt	$	893.9	$	968.0

Schedule of specified redemption prices

2026	103.375	%
2027	101.688	%
2028 and thereafter	100.000	%

Schedule of borrowing activity under the Credit Agreement

	For the Year Ended May 31,
	2026			2025			2024
Maximum amount borrowed	$	650.0		$	617.0		$	577.0
Average daily borrowings		394.5			527.5			386.3
Average interest rate during the year		5.80	%		6.54	%		6.69	%