Quarterly report [Sections 13 or 15(d)]

Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)

v3.26.3
Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)
 3 Months Ended
Aug. 31, 2026
Accounting Policies [Abstract]  
Schedule of Accounts Receivable, Net of Allowance for Credit Losses Accounts receivable balances are shown on the Consolidated Balance Sheets net of the allowance for credit losses as follows:

 

 

 

August 31,

 

 

May 31,

 

In millions

 

2026

 

 

2026

 

Trade receivables

 

$

 

289.6

 

 

$

 

238.5

 

Purchased receivables

 

 

 

1,369.1

 

 

 

 

1,309.5

 

Total accounts receivable, gross

 

 

 

1,658.7

 

 

 

 

1,548.0

 

Less: Allowance for credit losses

 

 

 

42.8

 

 

 

 

40.4

 

Accounts receivable, net of allowance for credit losses

 

$

 

1,615.9

 

 

$

 

1,507.6

 

Schedule of Activity in Allowance for Credit Losses Related to Accounts Receivables

Activity in the allowance for credit losses related to accounts receivables is as follows:

 

 

 

Three months ended August 31,

 

In millions

 

2026

 

 

2025

 

Balance, beginning of period

 

$

 

40.4

 

 

$

 

26.0

 

Provision for credit losses

 

 

 

8.6

 

 

 

 

7.7

 

Write-offs and recoveries

 

 

 

(6.2

)

 

 

 

(9.3

)

Balance, end of period

 

$

 

42.8

 

 

$

 

24.4