Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.1.9
Fair Value Measurements (Tables)
 6 Months Ended
Nov. 30, 2014
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, 2014
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:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market securities
$
0.1

 
$
0.1

 
$
—

 
$
—

Total cash equivalents
$
0.1

 
$
0.1

 
$
—

 
$
—

Available-for-sale securities:
 
 
 
 
 
 
 
General obligation municipal bonds
$
1,699.8

 
$
—

 
$
1,699.8

 
$
—

Pre-refunded municipal bonds
128.9

 
—

 
128.9

 
—

Revenue municipal bonds
971.6

 
—

 
971.6

 
—

Variable rate demand notes
482.0

 
—

 
482.0

 
—

Total available-for-sale securities
$
3,282.3

 
$
—

 
$
3,282.3

 
$
—

Other
$
14.1

 
$
14.1

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 
 
Other long-term liabilities
$
14.1

 
$
14.1

 
$
—

 
$
—


 
May 31, 2014
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:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Commercial paper
$
6.0

 
$
—

 
$
6.0

 
$
—

General obligation municipal bonds
10.9

 
—

 
10.9

 
—

Pre-refunded municipal bonds
31.2

 
—

 
31.2

 
—

Revenue municipal bonds
17.7

 
—

 
17.7

 
—

Total cash equivalents
$
65.8

 
$
—

 
$
65.8

 
$
—

Available-for-sale securities:
 
 
 
 
 
 
 
General obligation municipal bonds
$
1,628.5

 
$
—

 
$
1,628.5

 
$
—

Pre-refunded municipal bonds
142.8

 
—

 
142.8

 
—

Revenue municipal bonds
867.8

 
—

 
867.8

 
—

Variable rate demand notes
752.3

 
—

 
752.3

 
—

Total available-for-sale securities
$
3,391.4

 
$
—

 
$
3,391.4

 
$
—

Other
$
12.3

 
$
12.3

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 
 
Other long-term liabilities
$
12.3

 
$
12.3

 
$
—

 
$
—