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Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Feb. 29, 2024
Equity [Abstract]  
Summary of Tax Effects on Each Component of OCI

The following table summarizes the tax effects on each component of OCI for the periods presented:

 

 

Three Months Ended

 

 

February 29, 2024

 

 

February 28, 2023

 

(In millions)

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

 

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

Foreign currency translation

$

(0.4

)

 

$

-

 

 

$

(0.4

)

 

$

0.1

 

 

$

-

 

 

$

0.1

 

Cash flow hedges

 

(8.7

)

 

 

2.0

 

 

 

(6.7

)

 

 

32.1

 

 

 

(7.5

)

 

 

24.6

 

Other comprehensive income (loss)

$

(9.1

)

 

$

2.0

 

 

$

(7.1

)

 

$

32.2

 

 

$

(7.5

)

 

$

24.7

 

 

 

Nine Months Ended

 

 

February 29, 2024

 

 

February 28, 2023

 

(In millions)

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

 

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

Foreign currency translation

$

(0.7

)

 

$

-

 

 

$

(0.7

)

 

$

(5.9

)

 

$

-

 

 

$

(5.9

)

Cash flow hedges

 

(4.6

)

 

 

1.1

 

 

 

(3.5

)

 

 

18.0

 

 

 

(4.2

)

 

 

13.8

 

Other comprehensive income (loss)

$

(5.3

)

 

$

1.1

 

 

$

(4.2

)

 

$

12.1

 

 

$

(4.2

)

 

$

7.9