Schedule II Valuation and Qualifying Accounts and Reserves | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | | | | | | | | | | Years ended May 31, | | | Balance at Beginning of Year | | Expensed | | Write-Offs and Other | | Balance at End of Year | | 2026 | | | | | | | | | | | | | Allowance for credit losses | $ | 11.0 | | | $ | 6.5 | | | $ | 6.5 | | | $ | 11.0 | | | Returns liability | | 34.4 | | | | 41.8 | | | | 44.0 | | (1) | | 32.2 | | | Reserves for obsolescence | | 107.1 | | | | 8.9 | | | | 22.7 | | | | 93.3 | | | Reserve for royalty advances | | 86.9 | | | | 6.2 | | | | 0.4 | | | | 92.7 | | | 2025 | | | | | | | | | | | | | Allowance for credit losses | $ | 14.9 | | | $ | 5.0 | | | $ | 8.9 | | | $ | 11.0 | | | Returns liability | | 33.1 | | | | 51.8 | | | | 50.5 | | (1) | | 34.4 | | | Reserves for obsolescence | | 105.6 | | | | 16.1 | | | | 14.6 | | | | 107.1 | | | Reserve for royalty advances | | 83.2 | | | | 5.7 | | | | 2.0 | | | | 86.9 | | | 2024 | | | | | | | | | | | | | Allowance for credit losses | $ | 16.7 | | | $ | 5.2 | | | $ | 7.0 | | | $ | 14.9 | | | Returns liability | | 34.9 | | | | 59.4 | | | | 61.2 | | (1) | | 33.1 | | | Reserves for obsolescence | | 100.9 | | | | 20.4 | | | | 15.7 | | | | 105.6 | | | Reserve for royalty advances | | 79.1 | | | | 2.7 | | | | (1.4) | | | | 83.2 | |
(1)Represents actual returns charged to the reserve.
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