Quarterly report [Sections 13 or 15(d)]

Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)

v3.25.4
Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)
6 Months Ended
Nov. 30, 2025
Accounting Policies [Abstract]  
Schedule of Accounts Receivable, Net of Allowance for Credit Losses Accounts receivable balances are shown on the Consolidated Balance Sheets net of the allowance for credit losses as follows:

 

 

 

November 30,

 

 

May 31,

 

In millions

 

2025

 

 

2025

 

Trade receivables

 

$

 

226.8

 

 

$

 

205.4

 

Purchased receivables

 

 

 

1,155.7

 

 

 

 

1,151.1

 

Total accounts receivable, gross

 

 

 

1,382.5

 

 

 

 

1,356.5

 

Less: Allowance for credit losses

 

 

 

27.0

 

 

 

 

26.0

 

Accounts receivable, net of allowance for credit losses

 

$

 

1,355.5

 

 

$

 

1,330.5

 

Schedule of Allowance for Credit Losses Activity Related to Accounts Receivables

Allowance for credit losses activity related to accounts receivables are as follows:

 

 

 

Three months ended November 30,

 

 

Six months ended November 30,

 

In millions

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Balance, beginning of period

 

$

 

24.4

 

 

$

 

25.0

 

 

$

 

26.0

 

 

$

 

21.3

 

Provision for credit losses

 

 

 

4.5

 

 

 

 

4.9

 

 

 

 

12.2

 

 

 

 

12.4

 

Write-offs and recoveries

 

 

 

(1.9

)

 

 

 

(4.8

)

 

 

 

(11.2

)

 

 

 

(8.6

)

Balance, end of period

 

$

 

27.0

 

 

$

 

25.1

 

 

$

 

27.0

 

 

$

 

25.1