v3.26.3
Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Aug. 31, 2026
Equity [Abstract]  
Summary of Tax Effects of Each Component of OCI The following table summarizes the tax effects on each component of OCI for the periods presented:

 

 

Three Months Ended

 

 

August 31, 2026

 

 

August 31, 2025

 

(In millions)

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

 

Before-Tax

 

 

Tax

 

 

Net-of-Tax

 

Currency translation adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation, net

$

(23.4

)

 

$

-

 

 

$

(23.4

)

 

$

1.1

 

 

$

-

 

 

$

1.1

 

Net investment hedge

 

(5.7

)

 

 

1.3

 

 

 

(4.4

)

 

 

-

 

 

 

-

 

 

 

-

 

Pension liability adjustment

 

(1.2

)

 

 

-

 

 

 

(1.2

)

 

 

-

 

 

 

-

 

 

 

-

 

Cash flow hedges

 

0.2

 

 

 

-

 

 

 

0.2

 

 

 

-

 

 

 

-

 

 

 

-

 

Other comprehensive income (loss)

$

(30.1

)

 

$

1.3

 

 

$

(28.8

)

 

$

1.1

 

 

$

-

 

 

$

1.1

 
Summary of Changes in AOCI The following table summarizes the changes in AOCI for the periods presented:

 

 

 

Currency Translation Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Currency

 

 

Net

 

 

Foreign

 

 

Pension

 

 

 

 

 

 

 

 

 

Translation,

 

 

Investment

 

 

Currency

 

 

Liability

 

 

Cash Flow

 

 

 

 

(In millions)

 

Net

 

 

Hedge

 

 

Translation

 

 

Adjustment

 

 

Hedges

 

 

AOCI

 

Balance at May 31, 2026

 

$

(6.2

)

 

$

(1.3

)

 

$

(7.5

)

 

$

9.0

 

 

$

2.4

 

 

$

3.9

 

OCI, before reclassifications

 

 

(14.7

)

 

 

(5.7

)

 

 

(20.4

)

 

 

-

 

 

 

1.3

 

 

 

(19.1

)

Reclassification adjustments to net earnings (1)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(0.6

)

 

 

(1.1

)

 

 

(1.7

)

Income tax effect

 

 

-

 

 

 

1.3

 

 

 

1.3

 

 

 

-

 

 

 

-

 

 

 

1.3

 

Balance at August 31, 2026

 

$

(20.9

)

 

$

(5.7

)

 

$

(26.6

)

 

$

8.4

 

 

$

2.6

 

 

$

(15.6

)

 

 

 

Currency Translation Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Currency

 

 

Net

 

 

Foreign

 

 

Pension

 

 

 

 

 

 

 

 

 

Translation,

 

 

Investment

 

 

Currency

 

 

Liability

 

 

Cash Flow

 

 

 

 

(In millions)

 

Net

 

 

Hedge

 

 

Translation

 

 

Adjustment

 

 

Hedges

 

 

AOCI

 

Balance at May 31, 2025

 

$

(10.7

)

 

$

-

 

 

$

(10.7

)

 

$

7.3

 

 

$

(0.6

)

 

$

(4.0

)

OCI, before reclassifications

 

 

0.6

 

 

 

-

 

 

 

0.6

 

 

 

-

 

 

 

0.4

 

 

 

1.0

 

Reclassification adjustments to net earnings (1)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(0.4

)

 

 

(0.4

)

Income tax effect

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance at August 31, 2025

 

$

(10.1

)

 

$

-

 

 

$

(10.1

)

 

$

7.3

 

 

$

(0.6

)

 

$

(3.4

)

 

 

 

(1)
The consolidated statements of earnings classification of amounts reclassified to net earnings include:
a.
Cash flow hedges – See the disclosure in “Note 14 – Derivative Financial Instruments and Hedging Activities”.
b.
Pension liability adjustment - During the first quarter of fiscal 2027, the Company recognized a $1.2 million curtailment gain related to the Stanzwerk AG pension plan resulting from a restructuring initiative that significantly reduced expected future service for certain plan participants. A portion of the curtailment gain will be recognized in future periods as affected employees terminate employment.