Segment Information (Tables)

12 Months Ended

May 31, 2025

Summary of Results of Reportable Segments and Disaggregation of Revenues by Geography

The following tables present the results of our reportable segments consistent with our management philosophy, by representing the information we utilize, in conjunction with various strategic, operational and other financial performance criteria, in evaluating the performance of our portfolio of businesses, and a disaggregation of revenues by geography. We do not report identifiable assets by segment as this is not a metric used by our CODM to allocate resources or evaluate segment performance.


Year Ended May 31, 2025	CPG Segment		PCG Segment			Consumer Segment		SPG Segment		Total
(In thousands)
Net Sales	$	2,767,428	$	1,491,695		$	2,414,052	$	699,469	$	7,372,644
Less:
Cost of Sales		1,586,540		814,840			1,482,293		438,493
Selling, General and Administrative Expenses		747,131		452,346			561,772		217,616
Other Segment Items (1)		7,729		(1,085	)		12,087		16,969
Income Before Income Taxes	$	426,028	$	225,594		$	357,900	$	26,391	$	1,035,913
Less: Corporate/Other Expense											243,153
Consolidated Income Before Income Taxes										$	792,760


Year Ended May 31, 2024	CPG Segment		PCG Segment		Consumer Segment		SPG Segment		Total
(In thousands)
Net Sales	$	2,702,466	$	1,462,460	$	2,457,949	$	712,402	$	7,335,277
Less:
Cost of Sales		1,545,167		812,625		1,512,159		450,737
Selling, General and Administrative Expenses		757,087		448,421		529,966		214,671
Other Segment Items (1)		14,873		1,463		7,624		3,210
Income Before Income Taxes	$	385,339	$	199,951	$	408,200	$	43,784	$	1,037,274
Less: Corporate/Other Expense										249,437
Consolidated Income Before Income Taxes									$	787,837


Year Ended May 31, 2023	CPG Segment		PCG Segment		Consumer Segment		SPG Segment			Total
(In thousands)
Net Sales	$	2,508,805	$	1,433,634	$	2,514,770	$	799,205		$	7,256,414
Less:
Cost of Sales		1,542,418		840,076		1,617,886		507,990
Selling, General and Administrative Expenses		648,946		413,407		512,658		213,062
Other Segment Items (1)		16,470		37,682		6,069		(25,126	)
Income Before Income Taxes	$	300,971	$	142,469	$	378,157	$	103,279		$	924,876
Less: Corporate/Other Expense											275,494
Consolidated Income Before Income Taxes										$	649,382

(1)

Other Segment Items includes Restructuring Expense, Goodwill Impairment (recorded within our SPG segment in fiscal year 2025 and our PCG segment in fiscal year 2023), Interest Expense, Investment (Income), Net, (Gain) on Sales of Assets and Business, Net and Other (Income) Expense, Net.

Net Sales and Long Lived Assets by Regions


Year Ended May 31, 2025	CPG Segment		PCG Segment		Consumer Segment		SPG Segment		Consolidated
(In thousands)
Net Sales (based on shipping location) (2)
United States	$	1,797,203	$	890,945	$	1,958,360	$	595,554	$	5,242,062
Foreign
Canada		264,727		86,792		163,783		3,864		519,166
Europe		479,521		253,450		246,451		73,312		1,052,734
Latin America		225,977		36,001		25,120		3,363		290,461
Asia Pacific		-		115,748		20,338		23,376		159,462
Other Foreign		-		108,759		-		-		108,759
Total Foreign		970,225		600,750		455,692		103,915		2,130,582
Total	$	2,767,428	$	1,491,695	$	2,414,052	$	699,469	$	7,372,644

Year Ended May 31, 2024	CPG Segment		PCG Segment		Consumer Segment		SPG Segment		Consolidated
(In thousands)
Net Sales (based on shipping location) (2)
United States	$	1,695,403	$	875,713	$	2,014,689	$	599,812	$	5,185,617
Foreign
Canada		265,287		90,801		165,222		5,015		526,325
Europe		483,318		231,009		233,280		79,706		1,027,313
Latin America		258,458		36,675		25,072		2,576		322,781
Asia Pacific		-		124,627		19,686		25,293		169,606
Other Foreign		-		103,635		-		-		103,635
Total Foreign		1,007,063		586,747		443,260		112,590		2,149,660
Total	$	2,702,466	$	1,462,460	$	2,457,949	$	712,402	$	7,335,277

Year Ended May 31, 2023	CPG Segment		PCG Segment		Consumer Segment		SPG Segment		Consolidated
(In thousands)
Net Sales (based on shipping location) (2)
United States	$	1,572,060	$	861,190	$	2,078,519	$	680,159	$	5,191,928
Foreign
Canada		243,608		85,812		178,678		4,084		512,182
Europe		469,064		233,872		212,558		81,260		996,754
Latin America		224,073		39,395		26,315		1,720		291,503
Asia Pacific		-		123,301		18,700		31,982		173,983
Other Foreign		-		90,064		-		-		90,064
Total Foreign		936,745		572,444		436,251		119,046		2,064,486
Total	$	2,508,805	$	1,433,634	$	2,514,770	$	799,205	$	7,256,414

(2)

It is not practicable to obtain the information needed to disclose revenues attributable to each of our product lines.


May 31,	2025		2024
(In thousands)
Long-Lived Assets (3)
United States	$	1,475,984	$	1,331,274
Foreign
Canada		115,161		113,846
Europe		223,921		180,785
United Kingdom		126,648		102,895
Other Foreign		118,049		106,990
Total Foreign		583,779		504,516
Total	$	2,059,763	$	1,835,790

(3)

Long-lived assets include all non-current assets, excluding non-current deferred income taxes, goodwill and intangible assets. Amounts from fiscal year 2024 were recast to exclude goodwill and intangible assets to conform with the current year presentation.