v3.26.1
Leases (Tables)
 12 Months Ended
May 31, 2026
Leases [Abstract]  
Assets And Liabilities
The following table summarizes right-of-use assets and lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal years ended May 31, 2026 and May 31, 2025:

May 31, 2026May 31, 2025Location within Consolidated Balance Sheet
Operating leases$291.2 $103.9 Operating lease right-of-use assets, net
Finance leases14.1 6.0 Property, plant and equipment, net
Total lease assets$305.3 $109.9 
Operating leases:
Current portion$26.4 $26.8 
Operating lease liabilities, current
Noncurrent portion
280.6 91.5 
Operating lease liabilities, noncurrent
Total operating lease liabilities$307.0 $118.3 
Finance leases:
Current portion$3.2 $1.7 Other accrued expenses
Noncurrent portion
11.7 4.9 Other noncurrent liabilities
Total finance lease liabilities$14.9 $6.6 
Total lease liabilities$321.9 $124.9 
Lease Expense, Cash Flow and Weighted Average Information
The following table summarizes the lease expense activity for the fiscal years ended May 31:
Location within Consolidated Statements of Operations
202620252024
Operating lease expense$43.6 $31.7 $29.7 Selling, general and administrative expenses
Finance lease costs :
Depreciation of leased assets2.1 1.4 2.1 Depreciation and amortization
Accretion of lease liabilities0.7 0.6 0.3 Interest expense
Total lease expense$46.4 $33.7 $32.1 

The following table summarizes certain cash flows information related to the Company's leases for the fiscal years ended May 31:
202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$41.9 $28.6 $30.2 
Operating cash flows from finance leases0.7 0.6 0.3 
Financing cash flows from finance leases2.1 1.7 2.3 
Noncash transactions:
Lease assets obtained in exchange for new lease liabilities$217.6 $25.0 $40.4 
The following table summarizes the weighted-average remaining lease terms and weighted-average discount rates related to the Company's leases recorded on the Company's Consolidated Balance Sheets for the fiscal years ended May 31, 2026 and May 31, 2025:
20262025
Weighted-average remaining lease term (years):
Operating Leases11.55.3
Finance Leases5.84.5
Weighted-average discount rate:
Operating Leases8.3 %5.6 %
Finance Leases5.2 %5.0 %
Finance Lease, Maturity
The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2026:

Operating LeasesFinance Leases
Fiscal 2027$49.4 $3.9 
Fiscal 202848.6 3.2 
Fiscal 202941.4 2.7 
Fiscal 203036.9 2.4 
Fiscal 203135.5 2.2 
Thereafter335.5 2.8 
Total lease payments$547.3 $17.2 
Less: interest(240.3)(2.3)
Total lease liabilities$307.0 $14.9 
Operating Lease, Maturity
The following table provides the maturities of the Company's lease liabilities recorded on the Company's Consolidated Balance Sheet for the fiscal year ended May 31, 2026:

Operating LeasesFinance Leases
Fiscal 2027$49.4 $3.9 
Fiscal 202848.6 3.2 
Fiscal 202941.4 2.7 
Fiscal 203036.9 2.4 
Fiscal 203135.5 2.2 
Thereafter335.5 2.8 
Total lease payments$547.3 $17.2 
Less: interest(240.3)(2.3)
Total lease liabilities$307.0 $14.9