Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net of Accumulated Depreciation (Tables)

v3.24.2
Property and Equipment, Net of Accumulated Depreciation (Tables)
 12 Months Ended
May 31, 2024
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment, at Cost

The components of property and equipment, at cost, consisted of the following:

 

 

 

May 31,

 

In millions

 

2024

 

 

2023

 

Land and improvements

 

$

 

9.0

 

 

$

 

9.0

 

Buildings and improvements

 

 

 

131.4

 

 

 

 

130.5

 

Data processing equipment

 

 

 

213.3

 

 

 

 

214.5

 

Software (1)

 

 

 

1,010.1

 

 

 

 

927.3

 

Furniture, fixtures, and equipment

 

 

 

71.9

 

 

 

 

77.2

 

Leasehold improvements

 

 

 

47.6

 

 

 

 

67.3

 

Construction in progress (1)

 

 

 

60.7

 

 

 

 

51.7

 

Total property and equipment, gross

 

 

 

1,544.0

 

 

 

 

1,477.5

 

Less: Accumulated depreciation

 

 

 

1,132.3

 

 

 

 

1,081.2

 

Property and equipment, net of accumulated depreciation

 

$

 

411.7

 

 

$

 

396.3

 

 

(1)
Software includes both purchased software and costs capitalized related to internally developed software placed in service. Capitalized costs related to internally developed software that has not yet been placed in service is included in construction in progress.