v3.26.3
Revenue (Tables)
3 Months Ended
Aug. 31, 2026
Revenue from Contract with Customer [Abstract]  
Trade Accounts Receivable Net of Allowances and Net Contract Assets (Liabilities)

Trade accounts receivable, net of allowances, and net contract assets (liabilities) consisted of the following:

(In thousands, except percentages)

 

August 31, 2026

 

 

May 31, 2026

 

 

$ Change

 

 

% Change

 

Trade accounts receivable, less allowances

 

$

1,517,963

 

 

$

1,661,538

 

 

$

(143,575

)

 

 

(8.6

%)

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

84,482

 

 

$

61,757

 

 

$

22,725

 

 

 

36.8

%

Contract liabilities - short-term

 

 

(52,044

)

 

 

(75,279

)

 

 

23,235

 

 

 

(30.9

%)

Net Contract Assets (Liabilities)

 

$

32,438

 

 

$

(13,522

)

 

$

45,960

 

 

 

 

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses:

 

Three Months Ended

 

 

August 31,

 

August 31,

 

(In thousands)

2026

 

2025

 

Beginning Balance

$

39,179

 

$

42,844

 

Bad debt provision

 

6,546

 

 

1,394

 

Uncollectible accounts written off, net of recoveries

 

(7,478

)

 

(2,048

)

Translation adjustments

 

(11

)

 

316

 

Ending Balance

$

38,236

 

$

42,506