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Combined Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2022
Income Statement [Abstract]        
Net sales $ 808.0 $ 868.4 $ 1,713.8 $ 1,943.0
Cost of goods sold 747.8 833.9 1,525.1 1,819.9
Gross margin 60.2 34.5 188.7 123.1
Selling, general and administrative expense 54.1 50.7 107.9 98.0
Impairment of long-lived assets 0.0 0.0 1.4 0.3
Restructuring and other income, net 0.0 (4.3) 0.0 (4.2)
Separation costs 14.9 8.0 18.5 8.0
Operating income (loss) (8.8) (19.9) 60.9 21.0
Other income (expense):        
Miscellaneous income (expense), net 0.6 0.9 1.5 1.1
Interest expense, net (0.2) (0.9) (0.7) (2.2)
Equity in net income of unconsolidated affiliates 3.8 1.9 12.8 3.7
Earnings (loss) before income taxes (4.6) (18.0) 74.5 23.6
Income tax expense (benefit) (2.5) (5.5) 14.5 4.8
Net earnings (loss) (2.1) (12.5) 60.0 18.8
Net earnings attributable to noncontrolling interests 3.9 3.3 7.5 4.4
Net earnings (loss) attributable to controlling interest $ (6.0) $ (15.8) $ 52.5 $ 14.4
Basic        
Weighted average common shares outstanding [1] 49,300,000 49,300,000 49,300,000 49,300,000
Earnings (loss) per common share attributable to controlling interest $ (0.12) $ (0.32) $ 1.07 $ 0.29
Diluted        
Weighted average common shares outstanding [1] 49,300,000 49,300,000 49,300,000 49,300,000
Earnings (loss) per common share attributable to controlling interest $ (0.12) $ (0.32) $ 1.07 $ 0.29
Common shares outstanding at end of period [1] 49,286,517 49,300,000 49,286,517 49,300,000
[1] Reported Weighted average common shares outstanding and Common shares outstanding at end of period reflect basic shares at the Separation date. This share amount is being utilized for the calculation of basic and diluted Earnings (loss) per share for periods presented through the separation date.