Revenue Recognition (Tables)

3 Months Ended

Aug. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenue by Product Class and Over Time

The following table summarizes net sales by product class for the periods presented:


	Three Months Ended
	August 31,				August 31,
(In millions)	2026				2025
Product class
Direct	$	2,684.5			$	839.5
Toll		42.1				33.4
Total	$	2,726.6			$	872.9

Summary of Unbilled Receivables and Contract Assets

The following table summarizes the unbilled receivables and contract assets at the dates indicated:


			August 31,				May 31,
(In millions)	Balance Sheet Classification		2026				2026
Unbilled receivables	Receivables		$	4.5			$	4.2
Contract assets	Prepaid expenses and other current assets		$	93.1			$	12.7

Summary of Changes in Contract Liabilities

The following table summarizes the changes in contract liabilities for the periods presented:


(In millions)
Balance at May 31, 2026		$	7.0
Contract liabilities assumed in acquisition			16.5
Additions to contract liabilities during the period			7.2
Revenue recognized related to contract liability balance			(5.8	)
Balance at August 31, 2026		$	24.9