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Consolidated and Combined Statements of Earnings - USD ($)
3 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Income Statement [Abstract]        
Net sales $ 805,800,000 $ 780,700,000 $ 2,519,600,000 $ 2,723,700,000
Cost of goods sold 685,700,000 717,500,000 2,210,800,000 2,537,400,000
Gross margin 120,100,000 63,200,000 308,800,000 186,300,000
Selling, general and administrative expense 52,800,000 49,700,000 160,700,000 147,700,000
Impairment of long-lived assets 0 0 1,400,000 300,000
Restructuring and other income, net 0 0 0 (4,200,000)
Separation Costs 1,000,000 4,000,000 19,500,000 12,000,000
Operating income 66,300,000 9,500,000 127,200,000 30,500,000
Other income (expense):        
Miscellaneous income (expense), net 100,000 1,300,000 1,600,000 2,400,000
Interest expense, net (2,900,000) (500,000) (3,600,000) (2,700,000)
Equity in net income of unconsolidated affiliates 2,900,000 (200,000) 15,700,000 3,500,000
Earnings before income taxes 66,400,000 10,100,000 140,900,000 33,700,000
Income tax expense 14,000,000 800,000 28,500,000 5,600,000
Net earnings 52,400,000 9,300,000 112,400,000 28,100,000
Net earnings attributable to noncontrolling interests 3,400,000 3,900,000 10,900,000 8,300,000
Net earnings attributable to controlling interest $ 49,000,000 $ 5,400,000 $ 101,500,000 $ 19,800,000
Basic        
Weighted average common shares outstanding [1] 49,300,000 49,300,000 49,300,000 49,300,000
Earnings per common share attributable to controlling interest $ 0.99 $ 0.11 $ 2.06 $ 0.4
Diluted        
Weighted average common shares outstanding [2] 50,300,000 49,300,000 49,600,000 49,300,000
Earnings per common share attributable to controlling interest $ 0.98 $ 0.11 $ 2.05 $ 0.4
Common shares outstanding at end of period [1] 49,294,494 49,300,000 49,294,494 49,300,000
Cash dividends declared per common share $ 0.16   $ 0.16  
[1] Prior to the third quarter of fiscal 2024, reported Weighted average common shares outstanding (Basic) and Common shares outstanding at end of period reflects the basic shares at the Separation. This share amount is being utilized for the calculation of basic earnings per share for periods presented prior to the Separation.
[2] Prior to the third quarter of fiscal 2024, reported Weighted average common shares outstanding (Diluted) reflects the basic shares at the Separation. This share amount is being utilized for the calculation of diluted earnings per share for periods presented prior to the Separation.