Related Party Transactions (Tables)

12 Months Ended

May 31, 2024

Related Party Transactions [Abstract]

Schedule of reconciliation of total net transfers to and from the parent to the corresponding amount presented in the consolidated and combined statement of cash flows

Net transfers from/(to) the Former Parent, excluding the $150.0 million distribution, are included within Net Investment by the Former Parent. The reconciliation of total net transfers to and from the Former Parent to the corresponding amount presented in the consolidated and combined statement of cash flows are as follows:

	Fiscal Year Ended May 31,
(In millions)	2024			2023			2022
Total net transfers from/(to) the Former Parent per consolidated and combined changes in equity	$	(32.7	)	$	(187.3	)	$	328.0
Less: non-cash net asset contribution from the Former Parent		7.6			-			-
Less: depreciation expense allocated from the Former Parent		1.2			2.5			3.1
Less: stock-based compensation		6.1			10.0			8.0
Total net transfers from/(to) the Former Parent per consolidated and combined statement of cash flows	$	(47.6	)	$	(199.8	)	$	316.9