Revenue (Tables)

6 Months Ended

Nov. 30, 2023

Revenue from Contract with Customer [Abstract]

Trade Accounts Receivable Net of Allowances and Net Contract Assets

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


(In thousands, except percentages)		November 30, 2023				May 31, 2023				$ Change				% Change
Trade accounts receivable, less allowances		$	1,233,340			$	1,503,040			$	(269,700	)			(17.9	%)

Contract assets		$	52,603			$	49,188			$	3,415				6.9	%
Contract liabilities - short-term			(42,855	)			(42,396	)			(459	)			1.1	%
Net Contract Assets		$	9,748			$	6,792			$	2,956

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2023 and 2022:


	Three Months Ended							Six Months Ended
	November 30,			November 30,				November 30,			November 30,
(In thousands)	2023			2022				2023			2022
Beginning Balance	$	56,584		$	46,775			$	49,482		$	46,669
Bad debt provision		2,892			5,116				10,588			7,523
Uncollectible accounts written off, net of recoveries		(2,033	)		(4,238	)			(2,815	)		(4,905	)
Translation adjustments		5			388				193			(1,246	)
Ending Balance	$	57,448		$	48,041			$	57,448		$	48,041