Short-term Financing (Tables)
|12 Months Ended|
May 31, 2020
|Revolving Credit Facility [Member]|
|Line of Credit Facility [Line Items]|
|Description of Credit Facilities||
(1)JPM acts as the administrative agent for this syndicated credit facility.
(2)This agreement replaced the Company’s predecessor -year unsecured $1.0 billion credit facility dated August 5, 2015, which was terminated on July 31, 2019.
(3)This agreement replaced the Company’s predecessor -year unsecured $150.0 million credit facility dated March 17, 2016, which was terminated on February 6, 2020.
(4)The total amount available under these credit facilities as of May 31, 2020 was approximately $1.8 billion. Amounts under the PNC credit facility remain outstanding as of the date of this report.
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
No definition available.
Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef