Investments

9 Months Ended

Feb. 28, 2022

Equity Method And Cost Method Investments [Abstract]

Investment

INVESTMENTS

Investments are included in Other assets and deferred charges on the Condensed Consolidated Balance Sheets. The following table summarizes the Company’s investments as of the dates indicated:

	February 28, 2022		May 31, 2021		February 28, 2021		Segment
Equity method investments	$	34.0	$	34.3	$	33.8	International
Other equity investments		6.0		6.0		6.0	Children's Book Publishing & Distribution
Total Investments	$	40.0	$	40.3	$	39.8

The Company’s 26.2% equity interest in a children’s book publishing business located in the UK is accounted for using the equity method of accounting. Equity method income from this investment is reported in the International segment.

The Company has a 4.6% ownership interest in a financing and production company that makes film, television, and digital programming designed for the youth market. This equity investment does not have a readily determinable fair value and the Company has elected to apply the measurement alternative and report this investment at cost, less impairment on the Company's Condensed Consolidated Balance Sheets. There have been no impairments or adjustments to the carrying value of this investment.

Income from equity investments is reported in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and totaled $0.0 and $0.7 for the three months ended February 28, 2022 and February 28, 2021, respectively, and $1.6 and $6.1 for the nine months ended February 28, 2022 and February 28, 2021, respectively.