Investments (Tables)

12 Months Ended

May 31, 2026

Equity Method Investments and Joint Ventures [Abstract]

Financial Position, Information and Net Earnings

The following table presents the summarized financial position of Serviacero Worthington as of the fiscal years ended May 31:


(In millions)	2026				2025
Cash and cash equivalents	$	24.3			$	16.0
Other current assets		221.8				219.4
Noncurrent assets		61.9				62.2
Total assets	$	308.0			$	297.6

Current liabilities	$	57.6			$	40.5
Other noncurrent liabilities		4.7				5.0
Equity		245.7				252.1
Total liabilities and equity	$	308.0			$	297.6

The following table presents summarized financial information for Serviacero Worthington for the fiscal years ended May 31:


(In millions)	2026				2025				2024
Net sales	$	488.9			$	507.6			$	604.1
Gross margin		61.6				48.3				70.4
Operating income		45.0				32.7				56.4
Depreciation and amortization		4.1				4.7				4.4
Interest expense		-				-				-
Income tax expense		4.1				15.0				8.4
Net earnings		40.6				8.7				44.8

The following table presents the net earnings of Serviacero Worthington attributable to the Company for the fiscal years ended May 31:


(In millions)	2026				2025				2024
Equity in net income of unconsolidated affiliate	$	20.3			$	4.4			$	22.4

Summary of equity securities

The following table summarizes the equity securities, all of which are Kloeckner shares, as of the fiscal years ended May 31:


(In millions)	2026				2025
Equity securities		122.2			$	-

Summary of The Net Gains And Losses Recognized In Miscellaneous Income (Expense), Net

The following table summarizes the net gains recognized in miscellaneous income, net for the fiscal years ended May 31:


(In millions)	2026				2025				2024
Net unrealized gains on equity securities	$	15.7			$	-			$	-
Realized gains on sales of equity securities		-				-				-
Total recognized in net earnings	$	15.7			$	-			$	-