Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
 6 Months Ended
Nov. 30, 2012
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:
 
November 30, 2012
In millions
Carrying
value
(Fair value)
 
Quoted
prices  in
active
markets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
General obligation municipal bonds
$
1,410.8

 
$
—

 
$
1,410.8

 
$
—

Pre-refunded municipal bonds
234.5

 
—

 
234.5

 
—

Revenue municipal bonds
638.8

 
—

 
638.8

 
—

Variable rate demand notes
723.8

 
—

 
723.8

 
—

Total available-for-sale securities
$
3,007.9

 
$
—

 
$
3,007.9

 
$
—

Other securities
$
10.4

 
$
10.4

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 
 
Other long-term liabilities
$
10.4

 
$
10.4

 
$
—

 
$
—

 
May 31, 2012
In millions
Carrying
value
(Fair value)
 
Quoted
prices  in
active
markets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
General obligation municipal bonds
$
1,333.9

 
$
—

 
$
1,333.9

 
$
—

Pre-refunded municipal bonds
334.3

 
—

 
334.3

 
—

Revenue municipal bonds
501.0

 
—

 
501.0

 
—

Variable rate demand notes
889.8

 
—

 
889.8

 
—

Total available-for-sale securities
$
3,059.0

 
$
—

 
$
3,059.0

 
$
—

Other securities
$
9.2

 
$
9.2

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 
 
Other long-term liabilities
$
9.2

 
$
9.2

 
$
—

 
$
—