v3.26.1
LONG-TERM DEBT (Tables)
12 Months Ended
May 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The components of long-term debt (net of discounts and debt issuance costs), along with maturity dates for the years subsequent to May 31, 2026, are as follows (in millions):
Interest Rate %Fiscal Year of MaturityMay 31,
20262025
Unsecured debt:
Term loan facility4.91 %2029$599 $— 
Senior unsecured note4.30 %2029993 — 
Senior unsecured note4.65 %2031991 — 
Senior unsecured note4.95 %2033693 — 
Senior unsecured note5.25 %2036988 — 
Total unsecured debt4,264 — 
Finance lease liabilities263 73 
4,527 73 
Less current portion(1)
43 
$4,484 $66 
(1)The current portion of long-term debt relates to the current portion of finance lease liabilities. Amounts included in “Current portion of long-term debt” and “Long-term debt, less current portion” related to finance lease liabilities for 2025 were reclassified from “Finance lease obligations” to conform to the current period presentation. This change had no impact on total current or long-term liabilities.
Schedule of Maturities of Long-Term Debt
The following table sets forth the aggregate annual principal payments on our long-term debt due for the next five years ending May 31 and thereafter, excluding finance lease liabilities (in millions):
YearDebt Principal
2027$— 
2028— 
20291,600 
2030— 
20311,000 
Thereafter1,700 
Subtotal4,300 
Discount and debt issuance costs(36)
Total$4,264