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Revenue Recognition (Tables)
6 Months Ended
Nov. 30, 2024
Disaggregation Of Revenue [Line Items]  
Revenue by Product Class and Over Time

The following table summarizes net sales by product class for the periods presented:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

(In millions)

2024

 

 

2023

 

 

2024

 

 

2023

 

Product class

 

 

 

 

 

 

 

 

 

 

 

Direct

$

700.9

 

 

$

769.8

 

 

$

1,490.8

 

 

$

1,639.3

 

Toll

 

38.1

 

 

 

38.2

 

 

 

82.2

 

 

 

74.5

 

Total

$

739.0

 

 

$

808.0

 

 

$

1,573.0

 

 

$

1,713.8

 

Summary of Unbilled Receivable and Contract Assets

The following table summarizes the unbilled receivables at the dates indicated:

 

 

 

 

November 30,

 

 

May 31,

 

(In millions)

Balance Sheet Classification

 

2024(1)

 

 

2024(1)

 

Unbilled receivables

Receivables

 

$

5.2

 

 

$

5.6

 

 

 

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