Description of Business, The Separation, Agreements with the Former Parent and Separation Costs, and Basis of Presentation (Tables)

12 Months Ended

May 31, 2024

Property, Plant and Equipment, Net by Geographic Region

The following table presents property, plant and equipment, net, by geographic region as of the end of the past two fiscal years:


(In millions)	2024		2023
United States	$	328.4	$	328.9
Canada		42.3		14.8
Mexico		58.7		36.1
Other		45.4		34.6
Total	$	474.8	$	414.4

Net Sales by Geographic Region

The following table presents net sales by geographic region for the past three fiscal years:


(In millions)	2024		2023		2022
United States	$	2,752.0	$	2,892.2	$	3,440.0
Canada		392.6		406.1		387.9
Mexico		181.3		213.7		179.1
Other		104.7		95.7		61.9
Total	$	3,430.6	$	3,607.7	$	4,068.9

Supplemental Cash Flow Information

Supplemental cash flow information was as follows for the prior three fiscal years:


(In millions)	2024		2023	2022
Interest paid, net of amount capitalized (1)	$	4.5	n/a	n/a
Income taxes paid, net of refunds (1)	$	37.6	n/a	n/a

(1)

The amount of interest paid, net of amount capitalized and cash paid for income taxes paid, net of refunds, for the periods prior to the Separation was not distinguishable for the Company. These amounts were combined with the Former Parent. Due to the legal organizational structure, capital structure, as well as income tax compliance requirements, the amounts for the Company are indivisible from those that were included with the Former Parent. The amounts disclosed for income taxes paid, net of refunds represent all distinguishable amounts, which includes domestic taxes paid after the Separation and foreign taxes paid for the entire fiscal year.