Taxes (Tables)

12 Months Ended

May 31, 2014

Income Tax And Non Income Tax Disclosure [Abstract]

Schedule of income from continuing operations

The components of earnings from continuing operations before income taxes for the fiscal years ended May 31 are:

	2014		2013		2012
United States	$	43.5	$	34.6	$	145.4
Non-United States	6.9		18.8		24.3
Total	$	50.4	$	53.4	$	169.7

Schedule of income tax expense (benefit)

The provision for income taxes from continuing operations for the fiscal years ended May 31 consists of the following components: 

	2014			2013		2012
Federal
Current	$	6.5		$	4.5	$	49.1
Deferred	(8.2		)	2.4		(8.2		)
	$	(1.7	)	$	6.9	$	40.9
State and local
Current	$	6.8		$	0.5	$	12.0
Deferred	(2.6		)	2.2		(0.7		)
	$	4.2		$	2.7	$	11.3
Non-United States
Current	$	5.8		$	7.8	$	12.8
Deferred	(2.2		)	0.2		(3.4		)
	$	3.6		$	8.0	$	9.4
Total
Current	$	19.1		$	12.8	$	73.9
Deferred	(13.0		)	4.8		(12.3		)
	$	6.1		$	17.6	$	61.6

Schedule of effective income tax rate reconciliation

A reconciliation of the significant differences between the effective income tax rate and the federal statutory rate on earnings from continuing operations before income taxes for the fiscal years ended May 31 is as follows:

	2014			2013			2012
Computed federal statutory provision	35.0		%	35.0		%	35.0		%
State income tax provision, net of federal income tax benefit	3.6		%	3.3		%	4.3		%
Difference in effective tax rates on earnings of foreign subsidiaries	3.7		%	0.3		%	0.2		%
Charitable contributions	-1.1		%	-4.4		%	-0.7		%
Tax credits	-0.3		%	-0.4		%	-0.1		%
Valuation allowances	0.7		%	2.4		%	-1.4		%
Uncertain Positions	-27.1		%	—		%	—		%
Other - net	-2.4		%	-3.2		%	-1.0		%
Effective tax rates	12.1		%	33.0		%	36.3		%
Total provision for income taxes	$	6.1		$	17.6		$	61.6

Schedule of deferred tax assets and liabilities

The significant components for deferred income taxes for the fiscal years ended May 31, including deferred income taxes related to discontinued operations, are as follows: 

	2014			2013
Deferred tax assets
Tax uniform capitalization	$	26.6		$	25.8
Inventory reserves	29.5			29.2
Allowance for doubtful accounts	4.9			5.4
Other reserves	26.4			26.3
Post-retirement, post-employment and pension obligations	15.5			12.6
Tax carryforwards	33.4			47.8
Lease accounting	(0.3		)	11.7
Other - net	20.4			32.7
Gross deferred tax assets	156.4			191.5
Valuation allowance	(30.0		)	(31.9		)
Total deferred tax assets	$	126.4		$	159.6
Deferred tax liabilities
Prepaid expenses	(1.0		)	(0.5		)
Depreciation and amortization	(40.3		)	(65.0		)
Total deferred tax liability	$	(41.3	)	$	(65.5	)
Total net deferred tax assets	$	85.1		$	94.1

Schedule of unrecognized tax benefits rollforward

A reconciliation of the unrecognized tax benefits for the fiscal years ended May 31 is as follows: 

Gross unrecognized benefits at May 31, 2011	$	30.8
Decreases related to prior year tax positions	(0.8		)
Increase related to prior year tax positions	9.5
Increases related to current year tax positions	1.7
Settlements during the period	(2.4		)
Lapse of statute of limitation	(0.1		)
Gross unrecognized benefits at May 31, 2012	$	38.7
Decreases related to prior year tax positions	(7.2		)
Increase related to prior year tax positions	3.5
Increases related to current year tax positions	1.0
Settlements during the period	(0.5		)
Lapse of statute of limitation	—
Gross unrecognized benefits at May 31, 2013	$	35.5
Decreases related to prior year tax positions	(20.4		)
Increase related to prior year tax positions	2.8
Increases related to current year tax positions	2.6
Settlements during the period	(1.8		)
Lapse of statute of limitation	(4.3		)
Gross unrecognized benefits at May 31, 2014	$	14.4