Investment in Unconsolidated Affiliate (Tables)

6 Months Ended

Nov. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Financial Information

The following tables summarize the combined financial information of Serviacero Worthington as of the dates, and for the periods, presented:

	November 30,		May 31,
(In millions)	2023		2023
Cash and cash equivalents	$	2.9	$	12.2
Other current assets		283.8		238.2
Noncurrent assets		57.2		58.9
Total assets	$	343.9	$	309.3
Current liabilities		85.1		70.8
Other noncurrent liabilities		5.3		5.4
Equity		253.5		233.1
Total liabilities and equity	$	343.9	$	309.3

	Three Months Ended				Six Months Ended
	November 30,				November 30,
(In millions)	2023		2022		2023		2022
Net sales	$	163.4	$	157.4	$	315.3	$	320.0
Gross margin		18.6		6.9		39.9		16.0
Operating income		15.2		4.1		33.1		10.5
Depreciation and amortization		1.1		1.1		2.1		2.2
Interest expense		—		0.1		—		0.1
Income tax expense		6.3		0.8		7.0		2.6
Net earnings		7.6		3.8		25.5		7.4