Financing Arrangements (Tables)

12 Months Ended

May 31, 2023

Financing Arrangements

Schedule of carrying amount of debt

	May 31,
	2023		2022
Revolving Credit Facility with interest payable monthly	$	272.0	$	100.0
Debt issuance costs, net		(2.3)		(1.1)
Long-term debt	$	269.7	$	98.9

Schedule of borrowing activity under the Credit Agreement

	For the Year Ended May 31,
	2023			2022			2021
Maximum amount borrowed	$	350.0		$	124.5		$	579.5
Average daily borrowings		210.2			105.9			257.5
Average interest rate during the year		5.11	%		1.09	%		1.20	%