Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
12 Months Ended
May 31, 2021
Fair Value Measurements [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

May 31, 2021

Quoted

Significant

prices in

other

Significant

Carrying

active

observable

unobservable

value

markets

inputs

inputs

In millions

(Fair value)

(Level 1)

(Level 2)

(Level 3)

Assets:

Restricted and unrestricted cash equivalents:

Money market securities

$

2.9

$

2.9

$

$

Total restricted and unrestricted cash equivalents

$

2.9

$

2.9

$

$

AFS securities:

Asset-backed securities

$

87.9

$

$

87.9

$

Corporate bonds

664.4

664.4

Municipal bonds

1,699.7

1,699.7

U.S. government agency and treasury securities

568.2

568.2

Total AFS securities

$

3,020.2

$

$

3,020.2

$

Other

$

34.0

$

34.0

$

$

Liabilities:

Other long-term liabilities

$

32.6

$

32.6

$

$

May 31, 2020

Quoted

Significant

prices in

other

Significant

Carrying

active

observable

unobservable

value

markets

inputs

inputs

In millions

(Fair value)

(Level 1)

(Level 2)

(Level 3)

Assets:

Restricted and unrestricted cash equivalents:

Money market securities

$

43.5

$

43.5

$

$

Total restricted and unrestricted cash equivalents

$

43.5

$

43.5

$

$

AFS securities:

Asset-backed securities

$

69.7

$

$

69.7

$

Corporate bonds

683.6

683.6

Municipal bonds

1,409.6

1,409.6

U.S. government agency and treasury securities

594.3

594.3

Total AFS securities

$

2,757.2

$

$

2,757.2

$

Other

$

27.2

$

27.2

$

$

Liabilities:

Other long-term liabilities

$

26.8

$

26.8

$

$