Revenue (Tables)

12 Months Ended

May 31, 2024

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:


Year Ended May 31,		2024				2023				$ Change				% Change
(In thousands, except percents)
Trade accounts receivable, less allowances		$	1,419,445			$	1,503,040			$	(83,595	)			(5.6	%)

Contract assets		$	57,833			$	49,188			$	8,645				17.6	%
Contract liabilities - short-term			(44,996	)			(42,396	)			(2,600	)			6.1	%
Net Contract Assets		$	12,837			$	6,792			$	6,045

Summary of Activity for Allowance for Credit Losses

The following tables summarize the activity for the allowance for credit losses for the fiscal year ended May 31, 2024:


(In thousands)
Balance at June 1, 2023		$	49,482
Bad debt provision			18,375
Uncollectible accounts written off, net of recoveries			(19,160	)
Translation adjustments			66
Balance at May 31, 2024		$	48,763