Financing Arrangements (Tables)

12 Months Ended

May 31, 2025

Financing Arrangements

Summary of carrying amount of debt

	May 31,
	2025		2024
Revolving Credit Facility with interest payable monthly	$	427.0	$	447.0
Senior Notes		550.0		550.0
Debt issuance costs, net		(9.0)		(11.6)
Long-term debt	$	968.0	$	985.4

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,
	2025			2024			2023
Maximum amount borrowed	$	617.0		$	577.0		$	350.0
Average daily borrowings		527.5			386.3			210.2
Average interest rate during the year		6.54	%		6.69	%		5.11	%