Investment in Unconsolidated Affiliate (Tables)

9 Months Ended

Feb. 29, 2024

Equity Method Investments and Joint Ventures [Abstract]

Financial Information

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

	February 29,		May 31,
(In millions)	2024		2023
Cash and cash equivalents	$	10.9	$	12.2
Other current assets		259.3		238.2
Noncurrent assets		58.1		58.9
Total assets	$	328.3	$	309.3
Current liabilities		63.5		70.8
Other noncurrent liabilities		5.3		5.4
Equity		259.5		233.1
Total liabilities and equity	$	328.3	$	309.3

	Three Months Ended					Nine Months Ended
	February 29,		February 28,			February 29,		February 28,
(In millions)	2024		2023			2024		2023
Net sales	$	137.3	$	114.9		$	452.6	$	434.9
Gross margin		10.8		(4.3	)		50.7		11.7
Operating income (loss)		7.4		(7.2	)		40.5		3.3
Depreciation and amortization		1.1		1.1			3.2		3.3
Interest expense		—		0.2			—		0.3
Income tax expense (benefit)		0.3		(4.6	)		7.3		(2.0	)
Net earnings (loss)		5.8		(0.4	)		31.3		7.0