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Equity (Tables)
 12 Months Ended
May 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Components of Equity
Table 11.1: Equity
May 31,
(Dollars in thousands)20242023
Membership fees and educational fund:
Membership fees$968 $969 
Educational fund2,608 2,565 
Total membership fees and educational fund3,576 3,534 
Patronage capital allocated928,232 1,006,115 
Members’ capital reserve1,455,564 1,202,152 
Unallocated net income:
Prior fiscal year-end cumulative derivative forward value gains
342,624 92,363 
Current fiscal year derivative forward value gains(1)
263,591 250,261 
Current fiscal year-end cumulative derivative forward value gains
606,215 342,624 
Other unallocated net loss(709)(709)
Unallocated net income
605,506 341,915 
CFC retained equity2,992,878 2,553,716 
Accumulated other comprehensive income (loss)
(1,416)8,343 
Total CFC equity2,991,462 2,562,059 
Noncontrolling interests20,707 27,190 
Total equity$3,012,169 $2,589,249 
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(1) Represents derivative forward value gains (losses) for CFC only, as total CFC equity does not include the noncontrolling interests of the consolidated variable interest entities. See “Note 16—Business Segments” for the statements of operations for CFC.
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
The following table presents, by component, changes in AOCI for the years ended May 31, 2024 and 2023 and the balance of each component as of the end of each respective period.

Table 11.2: Changes in Accumulated Other Comprehensive Income (Loss)
Year Ended May 31,
 20242023
(Dollars in thousands)
Unrealized Gains on Derivative Hedges(1)
Unrealized Losses on Defined Benefit Plans (2)
Total
Unrealized Gains on Derivative Hedges(1)
Unrealized Losses on Defined Benefit Plans (2)
Total
Beginning balance$11,102 $(2,759)$8,343 $5,123 $(2,865)$2,258 
Changes in unrealized gains (losses)483 (2,156)(1,673)6,691 (213)6,478 
Realized (gains) losses reclassified to earnings(8,298)212 (8,086)(712)319 (393)
Ending balance$3,287 $(4,703)$(1,416)$11,102 $(2,759)$8,343 
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(1) Of the derivative gains reclassified to earnings, a portion is reclassified as a component of the derivative gains (losses) line item and the remainder is reclassified as a component of the interest expense line item on our consolidated statements of operations.
(2) Reclassified to earnings as a component of the other non-interest expense line item presented on our consolidated statements of operations.