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Debt, Derivatives and Hedging Activities (Tables)
12 Months Ended
May 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
Cintas' outstanding debt is summarized as follows at May 31:
(In thousands)Interest
 Rate
Fiscal Year
Issued
Fiscal Year
Maturity
20242023
Debt due within one year
Senior notes (1)
3.11 %20152025$50,294 $— 
Senior notes3.45 %20222025400,000 — 
Debt issuance costs(699)— 
Total debt due within one year$449,595 $— 
Debt due after one year
Senior notes (1)
3.11 %20152025$— $50,630 
Senior notes3.45 %20222025— 400,000 
Senior notes3.70 %201720271,000,000 1,000,000 
Senior notes4.00 %20222032800,000 800,000 
Senior notes6.15 %20072037236,550 250,000 
Debt issuance costs(10,616)(14,225)
   Total debt due after one year$2,025,934 $2,486,405 
(1)    Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate until repayment in fiscal 2025.
Schedule of Interest Rate Lock Agreements The fair values of the outstanding interest rate locks, for forecasted debt issuances, which are included in other assets, net, are summarized as follows at May 31:
Fiscal Year of Issuance
(in thousands)
20242023
2022$56,717 $44,803 
2020$38,112 $25,646