Revenue Recognition (Tables)

12 Months Ended

May 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue by Product Class and Over Time

The following table summarizes net sales by product class for fiscal 2024, fiscal 2023 and fiscal 2022:

(In millions)	2024		2023		2022
Product class
Direct	$	3,269.4	$	3,464.9	$	3,923.1
Toll		161.2		142.8		145.8
Total	$	3,430.6	$	3,607.7	$	4,068.9

Summary of Unbilled Receivable and Contract Assets

The following table summarizes the unbilled receivables at the end of fiscal 2024 and fiscal 2023:

(In millions)	Balance Sheet Classification	2024		2023
Unbilled receivables	Receivables	$	5.6	$	3.7

(1)There were no contract assets at either of the dates indicated above.