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Consolidated and Combined Statements of Earnings - USD ($)
shares in Millions
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Income Statement [Abstract]      
Net sales $ 3,430,600,000 $ 3,607,700,000 $ 4,068,900,000
Cost of goods sold 2,990,800,000 3,271,200,000 3,673,400,000
Gross margin 439,800,000 336,500,000 395,500,000
Selling, general and administrative expense 224,400,000 200,800,000 180,300,000
Impairment of long-lived assets 1,400,000 2,100,000 3,100,000
Restructuring and other income, net 0 (4,200,000) (14,500,000)
Separation costs 19,500,000 17,500,000 0
Operating income 194,500,000 120,300,000 226,600,000
Other income (expense):      
Miscellaneous income, net 5,300,000 3,700,000 900,000
Interest expense, net (6,000,000) (3,000,000) (3,000,000)
Equity in net income of unconsolidated affiliate 22,400,000 7,700,000 29,800,000
Earnings before income taxes 216,200,000 128,700,000 254,300,000
Income tax expense 46,100,000 29,000,000 54,000,000
Net earnings 170,100,000 99,700,000 200,300,000
Net earnings attributable to noncontrolling interests [1] 15,400,000 12,600,000 19,900,000
Net earnings attributable to controlling interest $ 154,700,000 $ 87,100,000 $ 180,400,000
Basic      
Weighted average common shares outstanding 49.3 49.3 49.3
Earnings per common share attributable to controlling interest $ 3.14 $ 1.77 $ 3.66
Diluted      
Weighted average common shares outstanding 49.8 49.3 49.3
Earnings per common share attributable to controlling interest $ 3.11 $ 1.77 $ 3.66
[1] Net earnings attributable to noncontrolling interests are not taxable to the Company.