Subordinated Deferrable Debt |
3 Months Ended | ||||||
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Aug. 31, 2026 | |||||||
| Subordinated Debt [Abstract] | |||||||
| SUBORDINATED DEFERRABLE DEBT |
Subordinated deferrable debt represents long-term debt that is subordinated to all debt other than subordinated certificates held by our members. We had subordinated deferrable debt outstanding of $1,310 million as of both August 31, 2026 and May 31, 2026, which accounted for 4% of total debt outstanding as of each respective date. See “Note 8—Subordinated Deferrable Debt” in our 2026 Form 10-K for additional information on the terms and conditions, including maturity and call dates, of our subordinated deferrable debt outstanding.
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