Other Comprehensive Income (Loss)

3 Months Ended

Aug. 31, 2025

Note 8 – Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss): The following table summarizes the tax effects on each component of other comprehensive income (loss) (“OCI”) for the periods presented:


	Three Months Ended
	August 31, 2025						August 31, 2024
(In millions)	Before-Tax		Tax		Net-of-Tax		Before-Tax		Tax		Net-of-Tax
Foreign currency translation	$	1.1	$	-	$	1.1	$	2.1	$	-	$	2.1
Pension liability adjustment		-		-		-		-		-		-
Cash flow hedges		-		-		-		0.1		-		0.1
Other comprehensive income (loss)	$	1.1	$	-	$	1.1	$	2.2	$	-	$	2.2

Accumulated Other Comprehensive Income (Loss): The following table summarizes the changes in accumulated other comprehensive income (loss) (“AOCI”) for the periods presented:



	Foreign			Pension
	Currency			Liability		Cash Flow
(In millions)	Translation			Adjustment		Hedges			AOCI
Balance at May 31, 2025	$	(10.7	)	$	7.3	$	(0.6	)	$	(4.0	)
Other comprehensive income before reclassifications		1.1			-		0.4			1.5
Reclassification adjustments to net earnings (1)		-			-		(0.4	)		(0.4	)
Income tax effect		-			-		-			-
Balance at August 31, 2025	$	(9.6	)	$	7.3	$	(0.6	)	$	(2.9	)



	Foreign			Pension
	Currency			Liability		Cash Flow
(In millions)	Translation			Adjustment		Hedges			AOCI
Balance at May 31, 2024	$	(11.9	)	$	8.4	$	(2.6	)	$	(6.1	)
Other comprehensive income (loss) before reclassifications		2.1			-		(2.5	)		(0.4	)
Reclassification adjustments to net earnings (1)		-			-		2.6			2.6
Income tax effect		-			-		-			-
Balance at August 31, 2024	$	(9.8	)	$	8.4	$	(2.5	)	$	(3.9	)

(1)

The consolidated statement of earnings classification of amounts reclassified to net income include:

Cash flow hedges – See the disclosure in “Note 13 – Derivative Financial Instruments and Hedging Activities”.