Debt and Receivables Securitization (Tables)

3 Months Ended

Aug. 31, 2023

Debt Disclosure [Abstract]

Summary of Long-term Debt and Short-term Borrowings Outstanding

The following table summarizes our long-term debt and short-term borrowings outstanding at August 31, 2023 and May 31, 2023:

	August 31,			May 31,
(In thousands)	2023			2023
Short-term borrowings	$	-		$	2,813
4.60% senior notes due August 10, 2024		150,000			150,000
4.55% senior notes due April 15, 2026		-			243,623
4.30% senior notes due August 1, 2032		200,000			200,000
1.56% Series A senior note due August 23, 2031		39,791			39,226
1.90% Series B senior notes due August 23, 2034		59,634			58,786
Other		401			528
Total debt		449,826			694,976
Unamortized discount and debt issuance costs		(1,475	)		(2,181	)
Total debt, net		448,351			692,795
Less: current maturities and short-term borrowings		150,268			3,077
Total long-term debt	$	298,083		$	689,718

Maturities of Long-term Debt and Short-term Borrowings

Maturities of long-term debt and short-term borrowings in the current fiscal year and next four fiscal years thereafter, are as follows:

(In thousands)
2024	$	133
2025		150,268
2026		-
2027		-
2028		-
Thereafter		299,425
Total	$	449,826