Annual report pursuant to Section 13 and 15(d)

Short-term Financing (Description of Credit Facilities) (Details)

v3.21.2
Short-term Financing (Description of Credit Facilities) (Details) - Revolving Credit Facility [Member] - USD ($)
$ in Millions
 12 Months Ended
Mar. 17, 2016
May 31, 2021
May 31, 2020
Line of Credit Facility [Line Items]      
Maximum Amount Available   $ 1,700.0  
Amount Outstanding [1]   $ 7.4 $ 5.1
JP Morgan Chase Bank, N.A. [Member] | JPM $1 Billion Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Expiration Date [2]   Jul. 31, 2024  
Maximum Amount Available [2]   $ 1,000.0  
JP Morgan Chase Bank, N.A. [Member] | JPM $500 Million Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Expiration Date [2]   Aug. 17, 2022  
Maximum Amount Available [2]   $ 500.0  
PNC Bank, National Association [Member] | PNC $250 Million Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Expiration Date [3]   Feb. 06, 2023  
Maximum Amount Available [3]   $ 250.0  
Amount Outstanding [3]   $ 7.4 $ 5.1
Weighted-average interest rate   1.16%  
PNC Bank, National Association [Member] | PNC $150 Million Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Expiration Date Feb. 06, 2020    
Maximum Amount Available $ 150.0    
[1] The total amount available under these credit facilities as of May 31, 2021 was approximately $1.7 billion. Amounts under the PNC credit facility remain outstanding as of the date of this report.
[2]

Maximum

Amount Outstanding

Amount

May 31,

$ in millions

Expiration Date

Available

2021

2020

Credit facilities:

JP Morgan Chase Bank, N.A. ("JPM") (1)

July 31, 2024

$

1,000.0

$

—

$

—

JPM (1)

August 17, 2022

$

500.0

—

—

PNC Bank, National Association (“PNC”) (weighted-average interest rate of 1.16% at May 31, 2021 (2)

February 6, 2023

$

250.0

7.4

5.1

Outstanding short-term financing (3)

$

7.4

$

5.1

(1)JPM acts as the administrative agent for this syndicated credit facility.
[3] This agreement replaced the Company’s predecessor four year unsecured $150.0 million credit facility dated March 17, 2016, which was terminated on February 6, 2020.