Debt, Derivatives and Hedging Activities (Tables)

3 Months Ended

Aug. 31, 2018

Debt Disclosure [Abstract]

Summary of Debt Outstanding

Cintas' outstanding debt is summarized as follows:

(In thousands)	Interest  Rate		Fiscal Year Issued	Fiscal Year Maturity	August 31, 2018			May 31, 2018
Debt due after one year
Senior notes	4.30	%	2012	2022	$	250,000		$	250,000
Senior notes	2.90	%	2017	2022	650,000			650,000
Senior notes	3.25	%	2013	2023	300,000			300,000
Senior notes (1)	2.78	%	2013	2023	52,011			52,119
Senior notes (2)	3.11	%	2015	2025	52,224			52,309
Senior notes	3.70	%	2017	2027	1,000,000			1,000,000
Senior notes	6.15	%	2007	2037	250,000			250,000
Debt issuance costs					(18,376		)	(19,119		)
Total debt due after one year					$	2,535,859		$	2,535,309

⁽¹⁾ Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.73%.

⁽²⁾ Cintas assumed these senior notes with the acquisition of G&K in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.88%.