v3.26.3
Restructuring and Other (Income) Expense, Net (Tables)
3 Months Ended
Aug. 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Progression of Liabilities Associated with Restructuring Activities, Combined with Reconciliation to Restructuring and Other (Income) Expense, Net

A progression of liabilities associated with restructuring activities, together with a reconciliation to restructuring and other (income) expense, net, financial statement caption in the Company’s consolidated statements of earnings as of the dates presented, is summarized below:

 

 

 

Balance, as of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, as of

 

 

 

May 31,

 

 

Acquisition

 

 

Expense

 

 

 

 

 

 

 

 

August 31,

 

(In millions)

 

2026

 

 

Activity

 

 

(Income)

 

 

Payments

 

 

Adjustments

 

 

2026

 

Early retirement and severance

 

$

0.4

 

 

$

3.2

 

 

$

0.5

 

 

$

(2.2

)

 

$

(0.1

)

 

$

1.8

 

Facility exit and other costs

 

 

-

 

 

 

-

 

 

 

0.8

 

 

 

(0.8

)

 

 

-

 

 

 

-

 

 

$

0.4

 

 

$

3.2

 

 

$

1.3

 

 

$

(3.0

)

 

$

(0.1

)

 

$

1.8

 

Net gain on sale of assets

 

 

 

 

 

 

 

 

(4.9

)

 

 

 

 

 

 

 

 

 

Restructuring and other (income) expense, net

 

 

 

 

 

$

(3.6

)

 

 

 

 

 

 

 

 

 

A progression of liabilities associated with restructuring activities, together with a reconciliation to restructuring and other (income) expense, net, financial statement caption in the Company’s consolidated statements of earnings as of the dates presented, is summarized below:

 

 

 

Balance, as of

 

 

 

 

 

 

 

 

 

 

 

Balance, as of

 

 

 

May 31,

 

 

Expense

 

 

 

 

 

 

 

 

August 31,

 

(In millions)

 

2025

 

 

(Income)

 

 

Payments

 

 

Adjustments

 

 

2025

 

Early retirement and severance

 

$

2.1

 

 

$

-

 

 

$

(0.8

)

 

$

-

 

 

$

1.3

 

Net gain on sale of assets

 

 

 

 

 

(1.0

)

 

 

 

 

 

 

 

 

 

Restructuring and other (income) expense, net

 

 

$

(1.0

)