RPM International (RPM) 10-Q 4 Oct 23 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 31, 2023	Sep. 28, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	RPM
Entity Registrant Name	RPM International Inc.
Entity Central Index Key	0000110621
Current Fiscal Year End Date	--05-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	false
Entity File Number	1-14187
Entity Tax Identification Number	02-0642224
Entity Address, Address Line One	2628 PEARL ROAD
Entity Address, City or Town	MEDINA
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44256
City Area Code	330
Local Phone Number	273-5090
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		128,828,265
Title of 12(b) Security	Common Stock, par value $0.01

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Current Assets
Cash and cash equivalents	$ 240,586	$ 215,787
Trade accounts receivable (less allowances of $56,584 and $49,482, respectively)	1,418,886	1,503,040
Inventories	1,117,441	1,135,496
Prepaid expenses and other current assets	335,065	329,845
Total current assets	3,111,978	3,184,168
Property, Plant and Equipment, at Cost	2,372,532	2,332,916
Allowance for depreciation	(1,127,209)	(1,093,440)
Property, plant and equipment, net	1,245,323	1,239,476
Other Assets
Goodwill	1,300,833	1,293,588
Other intangible assets, net of amortization	541,994	554,991
Operating lease right-of-use assets	324,655	329,582
Deferred income taxes	19,907	15,470
Other	170,587	164,729
Total other assets	2,357,976	2,358,360
Total Assets	6,715,277	6,782,004
Current Liabilities
Accounts payable	684,075	680,938
Current portion of long-term debt	6,885	178,588
Accrued compensation and benefits	170,333	257,328
Accrued losses	28,753	26,470
Other accrued liabilities	378,601	347,477
Total current liabilities	1,268,647	1,490,801
Long-Term Liabilities
Long-term debt, less current maturities	2,498,426	2,505,221
Operating lease liabilities	279,632	285,524
Other long-term liabilities	287,087	267,111
Deferred income taxes	98,649	90,347
Total long-term liabilities	3,163,794	3,148,203
Contingencies and Accrued Losses (Note 13)
Stockholders' Equity
Preferred stock, par value $0.01; authorized 50,000 shares; none issued
Common stock, par value $0.01; authorized 300,000 shares; issued 145,605 and outstanding 128,962 as of August 31, 2023; issued 145,124 and outstanding 128,766 as of May 31, 2023	1,290	1,288
Paid-in capital	1,133,941	1,124,825
Treasury stock, at cost	(812,041)	(784,463)
Accumulated other comprehensive (loss)	(593,189)	(604,935)
Retained earnings	2,551,142	2,404,125
Total RPM International Inc. stockholders' equity	2,281,143	2,140,840
Noncontrolling Interest	1,693	2,160
Total equity	2,282,836	2,143,000
Total Liabilities and Stockholders' Equity	$ 6,715,277	$ 6,782,004

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 56,584	$ 49,482
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	145,605,000	145,124,000
Common stock, outstanding	128,962,000	128,766,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Income Statement [Abstract]
Net Sales		$ 2,011,857	$ 1,932,320
Cost of Sales		1,183,240	1,187,849
Gross Profit		828,617	744,471
Selling, General and Administrative Expenses		531,032	485,205
Restructuring Expense		6,498	1,354
Interest Expense		31,818	26,711
Investment (Income) Expense, Net		(12,439)	3,664
Other Expense, Net		2,554	2,416
Income Before Income Taxes		269,154	225,121
Provision for Income Taxes		67,841	55,842
Net Income		201,313	169,279
Less: Net Income Attributable to Noncontrolling Interests		231	266
Net Income Attributable to RPM International Inc. Stockholders		$ 201,082	$ 169,013
Average Number of Shares of Common Stock Outstanding:
Basic		127,633	127,617
Diluted	[1]	128,771	128,161
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic		$ 1.57	$ 1.31
Diluted		$ 1.56	$ 1.31
[1] For the three months ended August 31, 2023 and 2022, approximately 1,037,000 and 715,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 201,313	$ 169,279
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax	8,853	(78,956)
Pension and other postretirement benefit liability adjustments, net of tax	3,164	4,272
Unrealized (loss) on securities, net of tax	(257)	(340)
Unrealized (loss) on derivatives, net of tax		(606)
Total other comprehensive income (loss)	11,760	(75,630)
Total Comprehensive Income	213,073	93,649
Less: Comprehensive Income Attributable to Noncontrolling Interests	245	204
Comprehensive Income Attributable to RPM International Inc. Stockholders	$ 212,828	$ 93,445

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Cash Flows from Operating Activities:
Net Income	$ 201,313	$ 169,279
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	43,539	38,416
Deferred income taxes	2,295	(1,919)
Stock-based compensation expense	9,118	9,062
Net (gain) loss on marketable securities	(6,451)	6,606
Net loss on sales of assets and businesses	3,263
Other	5,100	111
Changes in assets and liabilities, net of effect from purchases and sales of businesses:
Decrease (increase) in receivables	87,712	(266)
Decrease (increase) in inventory	22,281	(148,188)
(Increase) in prepaid expenses and other current and long-term assets	(14,277)	(36,021)
Increase in accounts payable	18,840	15,113
(Decrease) in accrued compensation and benefits	(88,460)	(92,970)
Increase in accrued losses	2,211	1,873
Increase in other accrued liabilities	72,726	62,459
Cash Provided by Operating Activities	359,210	23,555
Cash Flows from Investing Activities:
Capital expenditures	(52,201)	(57,818)
Acquisition of businesses, net of cash acquired	(4,026)	(36,373)
Purchase of marketable securities	(16,235)	(6,440)
Proceeds from sales of marketable securities	9,443	4,116
Other	1,502	80
Cash (Used for) Investing Activities	(61,517)	(96,435)
Cash Flows from Financing Activities:
Additions to long-term and short-term debt	852	250,051
Reductions of long-term and short-term debt	(193,085)	(75,264)
Cash dividends	(54,065)	(51,420)
Repurchases of common stock	(12,500)	(25,000)
Shares of common stock returned for taxes	(14,833)	(12,430)
Payments of acquisition-related contingent consideration		(3,705)
Other	(712)	(2,487)
Cash (Used for) Provided by Financing Activities	(274,343)	79,745
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1,449	(10,963)
Net Change in Cash and Cash Equivalents	24,799	(4,098)
Cash and Cash Equivalents at Beginning of Period	215,787	201,672
Cash and Cash Equivalents at End of Period	240,586	197,574
Cash paid during the period for:
Interest	32,819	24,493
Income Taxes, net of refunds	18,052	15,813
Supplemental Disclosures of Noncash Investing Activities:
Capital expenditures accrued within accounts payable at quarter-end	$ 15,176	$ 8,733

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive (Loss) Income	Retained Earnings	Total RPM International Inc. Equity	Noncontrolling Interests
Beginning Balance at May. 31, 2022	$ 1,983,828	$ 1,292	$ 1,096,147	$ (717,019)	$ (537,337)	$ 2,139,346	$ 1,982,429	$ 1,399
Beginning Balance (in shares) at May. 31, 2022		129,199,000
Net income	169,279					169,013	169,013	266
Other comprehensive income (loss)	(75,630)				(75,568)		(75,568)	(62)
Dividends declared and paid	(51,420)					(51,420)	(51,420)
Other noncontrolling interest activity	(60)							(60)
Share repurchases under repurchase program	$ (25,000)	$ (3)	3	(25,000)			(25,000)
Share repurchases under repurchase program (in shares)	(303,079)	(303,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ (3,395)	$ 2	9,061	(12,458)			(3,395)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		203,000
Ending Balance at Aug. 31, 2022	1,997,602	$ 1,291	1,105,211	(754,477)	(612,905)	2,256,939	1,996,059	1,543
Ending Balance (in shares) at Aug. 31, 2022		129,099,000
Beginning Balance at May. 31, 2023	2,143,000	$ 1,288	1,124,825	(784,463)	(604,935)	2,404,125	2,140,840	2,160
Beginning Balance (in shares) at May. 31, 2023		128,766,000
Net income	201,313					201,082	201,082	231
Other comprehensive income (loss)	11,760				11,746		11,746	14
Dividends declared and paid	(54,065)					(54,065)	(54,065)
Other noncontrolling interest activity	(712)							(712)
Share repurchases under repurchase program	$ (12,500)	$ (1)	1	(12,500)			(12,500)
Share repurchases under repurchase program (in shares)	(122,425)	(122,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ (5,960)	$ 3	9,115	(15,078)			(5,960)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		318,000
Ending Balance at Aug. 31, 2023	$ 2,282,836	$ 1,290	$ 1,133,941	$ (812,041)	$ (593,189)	$ 2,551,142	$ 2,281,143	$ 1,693
Ending Balance (in shares) at Aug. 31, 2023		128,962,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared and paid per share	$ 0.42	$ 0.40

Consolidation, Noncontrolling I

Consolidation, Noncontrolling Interests and Basis of Presentation	3 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
Consolidation, Noncontrolling Interests and Basis of Presentation	NOTE 1 — CONSOLIDATION, NONCONTROLLING INTERESTS AND BASIS OF PRESENTATION The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”) for interim financial information and the instructions to Form 10-Q. In our opinion, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation have been included for the three-month periods ended August 31, 2023, and August 31, 2022. For further information, refer to the Consolidated Financial Statements and Notes included in our Annual Report on Form 10-K for the year ended May 31, 2023. Our financial statements include all of our majority-owned subsidiaries. We account for our investments in less-than-majority-owned joint ventures, for which we have the ability to exercise significant influence, under the equity method. Effects of transactions between related companies are eliminated in consolidation. Noncontrolling interests are presented in our Consolidated Financial Statements as if parent company investors (controlling interests) and other minority investors (noncontrolling interests) in partially-owned subsidiaries have similar economic interests in a single entity. As a result, investments in noncontrolling interests are reported as equity in our Consolidated Financial Statements. Additionally, our Consolidated Financial Statements include 100 % of a controlled subsidiary’s earnings, rather than only our share. Transactions between the parent company and noncontrolling interests are reported in equity as transactions between stockholders, provided that these transactions do not create a change in control. Our business is dependent on external weather factors. Historically, we have experienced strong sales and net income in our first, second and fourth fiscal quarters comprising the three-month periods ending August 31, November 30 and May 31, respectively, with weaker performance in our third fiscal quarter (December through February).

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Aug. 31, 2023
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	NOTE 2 — NEW ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements We have not adopted any Accounting Standard Updates (“ASU”) during fiscal 2024 that have a material impact on our Consolidated Financial Statements. Additionally, there are no current ASU's issued, but not adopted, that are expected to have a material impact on the Company.

Restructuring

Restructuring	3 Months Ended
	Aug. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	NOTE 3 — RESTRUCTURING We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in other accrued liabilities and the long-term portion, if any, in other long-term liabilities in our Consolidated Balance Sheets. During 2018, we approved and implemented the initial phases of a multi-year restructuring plan, which is referred to as the 2020 Margin Acceleration Plan (“MAP to Growth”). We incurred $ 1.4 million of restructuring costs associated with this plan for the three months ended August 31, 2022. We did no t incur any restructuring costs for the three months ended August 31, 2023, and we do not expect to incur any further costs associated with this plan. In August 2022, we approved and announced our Margin Achievement Plan 2025 (“MAP 2025”), which is a multi-year restructuring plan to build on the achievements of MAP to Growth and designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix and salesforce effectiveness and improving operating efficiency. Most activities under MAP 2025 are anticipated to be completed by the end of fiscal 2025. The current total expected costs associated with this plan are outlined below and increased approximately $ 12.1 million compared to our previous estimate, attributable to increases in expected severance and benefit charges of $ 7.4 million, expected facility closure and other related costs of $ 0.1 million and expected other restructuring costs of $ 4.6 million. Throughout our MAP 2025 initiative, we will continue to assess and find areas of improvement and cost savings. As such, the final implementation of the aforementioned phases and total expected costs are subject to change. USL Restructuring As previously disclosed during fiscal 2023, due to the challenged macroeconomic environment, we evaluated certain business restructuring actions, specifically our go to market strategy for operating in Europe. During the quarter ended February 28, 2023, due to declining profitability and regulatory headwinds, management decided to restructure the Universal Sealants (“USL”) reporting unit within our PCG segment and explore strategic alternatives for our USL infrastructure services business within the United Kingdom. During the quarter ended August 31, 2023, we recognized a loss on sale of $ 4.5 million in connection with the divestiture of USL’s Bridgecare services division. The Bridgecare division is a contracting business focused on the installation of joints and waterproofing in the UK. The loss on this sale is included in selling, general and administrative ("SG&A") expenses in our Consolidated Statements of Income and net loss on sales of assets and businesses in our Consolidated Statements of Cash Flows. Additionally, during the quarter ended August 31, 2023, in connection with MAP 2025, we realigned certain businesses and management structures within our segments. Within our PCG segment, certain businesses of our USL reporting unit were transferred to our Fibergrate, Carboline and Stonhard reporting units. As a result of this change in our market strategy, we performed an interim impairment assessment of the USL indefinite-lived tradename. Calculating the fair value of the USL’s indefinite-lived tradename required the use of various estimates and assumptions. We estimated the fair value of USL’s indefinite-lived tradename by applying a relief-from-royalty calculation, which included discounted future cash flows related to projected revenues impacted by this decision. In applying this methodology, we relied on a number of factors, including actual and forecasted revenues and market data. As the carrying amount of the tradename exceeded its fair value, an impairment loss of $ 3.3 million was recorded for the three months ended August 31, 2023. This impairment loss was classified as restructuring expense within our PCG segment. Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment as well as the total expected costs related to projects identified to date: Three Months Cumulative Total (In thousands) August 31, 2023 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs $ 415 $ 6,507 $ 16,564 Facility closure and other related costs - - 271 Total Charges $ 415 $ 6,507 $ 16,835 Performance Coatings Group ("PCG") Segment: Severance and benefit costs $ 831 $ 1,979 $ 2,296 Facility closure and other related costs 30 30 1,030 Other restructuring costs (a) 4,555 7,092 7,092 Total Charges $ 5,416 $ 9,101 $ 10,418 Consumer Segment: Severance and benefit costs $ - $ 507 $ 507 Facility closure and other related costs 14 635 635 Total Charges $ 14 $ 1,142 $ 1,142 Specialty Products Group ("SPG") Segment: Severance and benefit costs $ 653 $ 1,458 $ 1,956 Facility closure and other related costs - - 4,486 Total Charges $ 653 $ 1,458 $ 6,442 Corporate/Other Segment: Severance and benefit (credits) $ - $ ( 50 ) $ ( 50 ) Total Charges $ - $ ( 50 ) $ ( 50 ) Consolidated: Severance and benefit costs $ 1,899 $ 10,401 $ 21,273 Facility closure and other related costs 44 665 6,422 Other restructuring costs 4,555 7,092 7,092 Total Charges $ 6,498 $ 18,158 $ 34,787 (a) Of the $ 4.6 million of other restructuring costs, $ 3.3 million is associated with the impairment of an indefinite-lived tradename described above. A summary of the activity in the restructuring reserves related to MAP 2025 is as follows: (in thousands) Severance and Facility Other Asset Total Balance at June 1, 2023 $ 2,717 $ - $ - $ 2,717 Additions charged to expense 1,899 44 4,555 6,498 Cash payments charged against reserve ( 2,061 ) ( 44 ) - ( 2,105 ) Non-cash charges and other adjustments ( 45 ) - ( 4,555 ) ( 4,600 ) Balance at August 31, 2023 $ 2,510 $ - $ - $ 2,510

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Aug. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 4 — FAIR VALUE MEASUREMENTS Financial instruments recorded in the Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, marketable securities, notes and accounts payable, and debt. An allowance for credit losses is established for trade accounts receivable using assessments of current creditworthiness of customers, historical collection experience, the aging of receivables and other currently available evidence. Trade accounts receivable balances are written-off against the allowance if a final determination of uncollectibility is made. All provisions for allowance for doubtful collection of accounts are included in SG&A expense. The valuation techniques utilized for establishing the fair values of assets and liabilities are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect management’s market assumptions. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value, as follows: Level 1 Inputs — Quoted prices for identical instruments in active markets. Level 2 Inputs — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs — Instruments with primarily unobservable value drivers. The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. (In thousands) Quoted Prices Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 25,983 $ - $ 25,983 Corporate bonds - 137 - 137 Total available-for-sale debt securities - 26,120 - 26,120 Marketable equity securities: Stocks – foreign 1,049 - - 1,049 Stocks – domestic 9,742 - - 9,742 Mutual funds – foreign - 41,667 - 41,667 Mutual funds – domestic - 81,644 - 81,644 Total marketable equity securities 10,791 123,311 - 134,102 Contingent consideration - - ( 3,074 ) ( 3,074 ) Total $ 10,791 $ 149,431 $ ( 3,074 ) $ 157,148 (In thousands) Quoted Prices Assets Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 27,021 $ - $ 27,021 Corporate bonds - 141 - 141 Total available-for-sale debt securities - 27,162 - 27,162 Marketable equity securities: Stocks – foreign 786 - - 786 Stocks – domestic 5,009 - - 5,009 Mutual funds – foreign - 40,074 - 40,074 Mutual funds – domestic - 75,284 - 75,284 Total marketable equity securities 5,795 115,358 - 121,153 Contingent consideration - - ( 2,686 ) ( 2,686 ) Total $ 5,795 $ 142,520 $ ( 2,686 ) $ 145,629 Our investments in available-for-sale debt securities and marketable equity securities are valued using a market approach. The availability of inputs observable in the market varies from instrument to instrument and depends on a variety of factors, including the type of instrument, whether the instrument is actively traded and other characteristics particular to the transaction. For most of our financial instruments, pricing inputs are readily observable in the market, the valuation methodology used is widely accepted by market participants, and the valuation does not require significant management discretion. For other financial instruments, pricing inputs are less observable in the market and may require management judgment. The contingent consideration represents the estimated fair value of the additional variable cash consideration payable in connection with recent acquisitions that is contingent upon the achievement of certain performance milestones. We estimated the fair value using expected future cash flows over the period in which the obligation is expected to be settled which is considered to be a Level 3 input. During the first three months of fiscal 2023, we recorded an increase in the accrual for approximately $ 3.0 million related to acquisitions and paid approximately $ 10.3 million to satisfy contingent consideration obligations relating to certain performance milestones that were established in prior periods and achieved during fiscal 2023. In the Consolidated Statements of Cash Flows, payments of acquisition-related contingent consideration for the amount recognized at fair value as of the acquisition date are reported in cash flows from financing activities, while payments of contingent consideration in excess of fair value as of the acquisition date, are reported in cash flows from operating activities within other accrued liabilities. The carrying value of our current financial instruments, which include cash and cash equivalents, marketable securities, trade accounts receivable, accounts payable and short-term debt approximates fair value because of the short-term maturity of these financial instruments. At August 31, 2023 and May 31, 2023, the fair value of our long-term debt was estimated using active market quotes, based on our current incremental borrowing rates for similar types of borrowing arrangements, which are Level 2 inputs. Based on the analysis performed, the fair value and the carrying value of our cash and cash equivalents and long-term debt as of August 31, 2023 and May 31, 2023 are as follows: At August 31, 2023 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 240,586 $ 240,586 Long-term debt, including current portion 2,505,311 2,296,118 At May 31, 2023 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 215,787 $ 215,787 Long-term debt, including current portion 2,683,809 2,490,863

Investment (Income) Expense, Ne

Investment (Income) Expense, Net	3 Months Ended
	Aug. 31, 2023
Other Income and Expenses [Abstract]
Investment (Income) Expense, Net	NOTE 5 — INVESTMENT (INCOME) EXPENSE, NET Investment (income) expense, net, consists of the following components: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Interest (income) $ ( 5,451 ) $ ( 2,150 ) Net (gain) loss on marketable securities ( 6,451 ) 6,606 Dividend (income) ( 537 ) ( 792 ) Investment (income) expense, net $ ( 12,439 ) $ 3,664 Net (Gain) Loss on Marketable Securities Three Months Ended August 31, August 31, (In thousands) 2023 2022 Unrealized (gains) losses on marketable equity securities $ ( 6,527 ) $ 6,513 Realized losses on marketable equity securities 45 129 Realized losses (gains) on available-for-sale debt securities 31 ( 36 ) Net (gain) loss on marketable securities $ ( 6,451 ) $ 6,606

Other Expense, Net

Other Expense, Net	3 Months Ended
	Aug. 31, 2023
Other Income and Expenses [Abstract]
Other Expense, Net	NOTE 6 — OTHER EXPENSE, NET Other expense, net, consists of the following components: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Pension non-service costs $ 2,781 $ 2,516 Other ( 227 ) ( 100 ) Other expense, net $ 2,554 $ 2,416

Income Taxes

Income Taxes	3 Months Ended
	Aug. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 — INCOME TAXES The effective income tax rate of 25.2 % for the three months ended August 31, 2023 compares to the effective income tax rate of 24.8 % for the three months ended August 31, 2022. The effective income tax rates for the three-month periods ended August 31, 2023 and 2022 reflect variances from the 21 % statutory rate due primarily to the unfavorable impact of state and local income taxes, non-deductible business expenses, and the net tax on foreign subsidiary income resulting from the global intangible low-taxed income provisions, partially offset by tax benefits related to equity compensation. Additionally, the tax rate for the current period reflects incremental tax expense related to increases to our net deferred income tax liability for unremitted earnings and our liability for uncertain tax positions, partially offset by a favorable adjustment related to U.S. foreign tax credits. Our deferred tax liability for unremitted foreign earnings was $ 5.9 million as of August 31, 2023, which represents our estimate of the net tax cost associated with the remittance of $ 284.0 million of foreign earnings that are not considered to be permanently reinvested. We have not provided for foreign withholding or income taxes on the remaining foreign subsidiaries’ undistributed earnings because such earnings have been retained and reinvested by the subsidiaries as of August 31, 2023. Accordingly, no provision has been made for foreign withholding or income taxes, which may become payable if the remaining undistributed earnings of foreign subsidiaries were remitted to us as dividends.

Inventories

Inventories	3 Months Ended
	Aug. 31, 2023
Inventory Disclosure [Abstract]
Inventories	NOTE 8 — INVENTORIES Inventories, net of reserves, were composed of the following major classes: (In thousands) August 31, 2023 May 31, 2023 Raw material and supplies $ 431,228 $ 451,504 Finished goods 686,213 683,992 Total Inventory, Net of Reserves $ 1,117,441 $ 1,135,496

Stock Repurchase Program

Stock Repurchase Program	3 Months Ended
	Aug. 31, 2023
Equity [Abstract]
Stock Repurchase Program	NOTE 9 — STOCK REPURCHASE PROGRAM On January 8, 2008 , we announced our authorization of a stock repurchase program under which we may repurchase shares of RPM International Inc. common stock at management’s discretion. As announced on November 28, 2018, our goal was to return $ 1.0 billion in capital to stockholders by May 31, 2021 through share repurchases and the retirement of our convertible note during fiscal 2019. On April 16, 2019, after taking into account share repurchases under our existing stock repurchase program to date, our Board of Directors authorized the repurchase of the remaining $ 600.0 million in value of RPM International Inc. common stock by May 31, 2021. As previously announced, given macroeconomic uncertainty resulting from the Covid pandemic, we had suspended stock repurchases under the program, but in January 2021, our Board of Directors authorized the resumption of our stock repurchase program. At the time of resuming the program, $ 469.7 million of shares of common stock remained available for repurchase. The Board of Directors also extended the stock repurchase program beyond its original May 31, 2021 expiration date until such time that the remaining $ 469.7 million of capital has been returned to our stockholders. As a result, we may repurchase shares from time to time in the open market or in private transactions at various times and in amounts and for prices that our management deems appropriate, subject to insider trading rules and other securities law restrictions. The timing of our purchases will depend upon prevailing market conditions, alternative uses of capital and other factors. We may limit or terminate the repurchase program at any time. During the three months ended August 31, 2023, we repurchased 122,425 shares of our common stock at a cost of approximately $ 12.5 million, or an average of $ 102.10 per share. During the three months ended August 31, 2022, we repurchased 303,079 shares of our common stock at a cost of approximately $ 25.0 million, or an average of $ 82.49 per share. The maximum dollar amount that may yet be repurchased under our stock repurchase program was approximately $ 304.8 million at August 31, 2023.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss)	3 Months Ended
	Aug. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive (Loss)	NOTE 10 — ACCUMULATED OTHER COMPREHENSIVE (LOSS) Accumulated other comprehensive (loss) consists of the following components: Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at June 1, 2023 $ ( 465,375 ) $ ( 148,764 ) $ 11,405 $ ( 2,201 ) $ ( 604,935 ) Current period comprehensive income (loss) 9,790 - - ( 87 ) 9,703 Income taxes associated with current period comprehensive (loss) income ( 951 ) - - ( 45 ) ( 996 ) Amounts reclassified from accumulated other comprehensive income (loss) - 4,122 - ( 130 ) 3,992 Income taxes reclassified into earnings - ( 958 ) - 5 ( 953 ) Balance at August 31, 2023 $ ( 456,536 ) $ ( 145,600 ) $ 11,405 $ ( 2,458 ) $ ( 593,189 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at June 1, 2022 $ ( 395,473 ) $ ( 153,383 ) $ 13,171 $ ( 1,652 ) $ ( 537,337 ) Current period comprehensive (loss) income ( 80,515 ) - - ( 469 ) ( 80,984 ) Income taxes associated with current period comprehensive income (loss) 1,621 - - 94 1,715 Amounts reclassified from accumulated other comprehensive income (loss) - 5,703 ( 606 ) 40 5,137 Income taxes reclassified into earnings - ( 1,431 ) - ( 5 ) ( 1,436 ) Balance at August 31, 2022 $ ( 474,367 ) $ ( 149,111 ) $ 12,565 $ ( 1,992 ) $ ( 612,905 )

Earnings Per Share

Earnings Per Share	3 Months Ended
	Aug. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 11 — EARNINGS PER SHARE The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share ("EPS") for the three-month periods ended August 31, 2023 and 2022. Three Months Ended August 31, August 31, (In thousands, except per share amounts) 2023 2022 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 201,082 $ 169,013 Less: Allocation of earnings and dividends to participating securities ( 872 ) ( 1,312 ) Net income available to common shareholders - basic 200,210 167,701 Reverse: Allocation of earnings and dividends to participating securities 872 - Add: Undistributed earnings reallocated to unvested shareholders - 4 Net income available to common shareholders - diluted $ 201,082 $ 167,705 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,633 127,617 Average diluted options and awards 1,138 544 Total shares for diluted earnings per share (1) 128,771 128,161 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.57 $ 1.31 Method used to calculate basic earnings per share Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.56 $ 1.31 Method used to calculate diluted earnings per share Treasury Two-class (1) For the three months ended August 31, 2023 and 2022, approximately 1,037,000 and 715,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Pension Plans

Pension Plans	3 Months Ended
	Aug. 31, 2023
Retirement Benefits [Abstract]
Pension Plans	NOTE 12 — PENSION PLANS We offer defined benefit pension plans, defined contribution pension plans, and various postretirement benefit plans. The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three-month periods ended August 31, 2023 and 2022: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) August 31, August 31, August 31, August 31, Pension Benefits 2023 2022 2023 2022 Service cost $ 10,913 $ 10,890 $ 887 $ 951 Interest cost 8,992 7,173 1,935 1,728 Expected return on plan assets ( 10,518 ) ( 9,536 ) ( 2,400 ) ( 1,727 ) Amortization of: Prior service cost (credit) 1 - ( 31 ) ( 27 ) Net actuarial losses recognized 4,205 4,487 209 125 Net Periodic Benefit Cost $ 13,593 $ 13,014 $ 600 $ 1,050 U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) August 31, August 31, August 31, August 31, Postretirement Benefits 2023 2022 2023 2022 Service cost $ - $ - $ 569 $ 287 Interest cost 22 21 390 368 Amortization of: Prior service (credit) - ( 30 ) - - Net actuarial (gains) losses recognized ( 4 ) 11 ( 12 ) ( 14 ) Net Periodic Benefit Cost $ 18 $ 2 $ 947 $ 641 Net periodic pension cost for fiscal 2024 is similar to our fiscal 2023 cost due to higher interest costs, which are partially offset by an increase in expected return on plan assets. We expect that pension expense will fluctuate on a year-to-year basis, depending upon the investment performance of plan assets and potential changes in interest rates, and these fluctuations may have a material impact on our consolidated financial results in the future. We previously disclosed in our financial statements for the fiscal year ended May 31, 2023 that we are required and expect to contribute approximately $ 0.7 million to our retirement plans in the U.S. and approximately $ 5.7 million to plans outside the U.S. during the current fiscal year. Throughout fiscal 2024, we will evaluate whether to make additional contributions.

Contingencies and Accrued Losse

Contingencies and Accrued Losses	3 Months Ended
	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Accrued Losses	NOTE 13 — CONTINGENCIES AND ACCRUED LOSSES Product Liability Matters We provide, through our wholly-owned insurance subsidiaries, certain insurance coverage, primarily product liability coverage, to our other subsidiaries. Excess coverage is provided by third-party insurers. Our product liability accruals provide for these potential losses as well as other uninsured claims. Product liability accruals are established based upon actuarial calculations of potential liability using industry experience, actual historical experience and actuarial assumptions developed for similar types of product liability claims, including development factors and lag times. To the extent there is a reasonable possibility that potential losses could exceed the amounts already accrued, we believe that the amount of any such additional loss would be immaterial to our results of operations, liquidity and consolidated financial position. Warranty Matters We also offer warranties on many of our products, as well as long-term warranty programs at certain of our businesses, and have established product warranty liabilities. We review these liabilities for adequacy on a quarterly basis and adjust them as necessary. The primary factors that could affect these liabilities may include changes in performance rates as well as costs of replacement. Provision for estimated warranty costs is recorded at the time of sale and periodically adjusted, as required, to reflect actual experience. It is probable that we will incur future losses related to warranty claims we have received but that have not been fully investigated and related to claims not yet received. While our warranty liabilities represent our best estimates at August 31, 2023, we can provide no assurances that we will not experience material claims in the future or that we will not incur significant costs to resolve such claims beyond the amounts accrued or beyond what we may recover from our suppliers. Based upon the nature of the expense, product warranty expense is recorded as a component of cost of sales or within SG&A. Also, due to the nature of our businesses, the amount of claims paid can fluctuate from one period to the next. While our warranty liabilities represent our best estimates of our expected losses at any given time, from time-to-time we may revise our estimates based on our experience relating to factors such as weather conditions, specific circumstances surrounding product installations and other factors. The following table includes the changes in our accrued warranty balances: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Beginning Balance $ 11,776 $ 10,905 Deductions (1) ( 7,407 ) ( 6,344 ) Provision charged to expense 7,633 7,939 Ending Balance $ 12,002 $ 12,500 (1) Primarily claims paid during the period. Environmental Matters Like other companies participating in similar lines of business, some of our subsidiaries are involved in environmental remediation matters. It is our policy to accrue remediation costs when the liability is probable and the costs are reasonably estimable, which generally is not later than at completion of a feasibility study or when we have committed to an appropriate plan of action. We also take into consideration the estimated period of time over which payments may be required. The liabilities are reviewed periodically and, as investigation and remediation activities continue, adjustments are made as necessary. Liabilities for losses from environmental remediation obligations do not consider the effects of inflation and anticipated expenditures are not discounted to their present value. The liabilities are not offset by possible recoveries from insurance carriers or other third parties but do reflect anticipated allocations among potentially responsible parties at federal superfund sites or similar state-managed sites, third-party indemnity obligations, and an assessment of the likelihood that such parties will fulfill their obligations at such sites. Other Contingencies One of our former subsidiaries in our SPG reportable segment has been the subject of a proceeding in which one of its former distributors brought suit against the subsidiary for breach of contract. Following a June 2017 trial, a jury determined that the distributor was not entitled to any damages on the distributor’s claims. On appeal, the Ninth Circuit Court of Appeals ordered a new trial with respect to certain issues. On December 10, 2021, a new jury awarded $ 6.0 million in damages to the distributor. Per the parties’ contracts, the distributor may also be entitled to recover some portion of its attorneys’ fees. On July 3, 2023, the Ninth Circuit Court of Appeals issued its decision rejecting the distributor's arguments and denying all appellate relief to the distributor, which also rendered our cross-appeal moot. As a result of this decision, we increased our accrual to $ 6.0 million for the year ended May 31, 2023, and have since further increased our accrual to $ 6.4 million, which we currently believe to be the low end of the range of loss. While an ultimate loss in excess of the accrued amount is reasonably possible, we believe that the high end of the range of loss would not be materially more than the $ 6.4 million noted above. This contingency remains a liability of the Company. Gain on Business Interruption Insurance In April 2021, there was a significant plant explosion at a key alkyd resin supplier which caused severe supply chain disruptions. As a result of this disruption, the Consumer segment incurred incremental costs and lost sales during fiscal 2021 and 2022. A claim for these losses was submitted under our business interruption insurance policy. During the first quarter of fiscal 2024 the Consumer segment recovered $ 10.3 million from insurance. These proceeds were recorded as a gain in the three-month period ended August 31, 2023. The insurance gain is recorded as a reduction to SG&A expenses in our Consolidated Statements of Income, and the proceeds are included within cash flows from operating activities in our Consolidated Statement of Cash Flows.

Revenue

Revenue	3 Months Ended
	Aug. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 14 — REVENUE We operate a portfolio of businesses that manufacture and sell a variety of product lines that include specialty paints, protective coatings, roofing systems, sealants and adhesives, among other things. We disaggregate revenues from the sales of our products and services based upon geographical location by each of our reportable segments, which are aligned by similar economic factors, trends and customers, which best depict the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. See Note 15, “Segment Information,” to the Consolidated Financial Statements for further details regarding our disaggregated revenues, as well as a description of each of the unique revenue streams related to each of our four reportable segments. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. The majority of our revenue is recognized at a point in time. However, we also record revenues generated under construction contracts, mainly in connection with the installation of specialized roofing and flooring systems and related services. For certain polymer flooring installation projects, we account for our revenue using the output method, as we consider square footage of completed flooring to be the best measure of progress toward the complete satisfaction of the performance obligation. In contrast, for certain of our roofing installation projects, we account for our revenue using the input method, as that method is the best measure of performance as it considers costs incurred in relation to total expected project costs, which essentially represents the transfer of control for roofing systems to the customer. In general, for our construction contracts, we record contract revenues and related costs as our contracts progress on an over-time model. We have elected to apply the practical expedient to recognize revenue net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities. Payment terms and conditions vary by contract type, although our customers’ payment terms generally include a requirement to pay within 30 to 60 days of fulfilling our performance obligations . In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts generally do not include a significant financing component. We have elected to apply the practical expedient to treat all shipping and handling costs as fulfillment costs, as a significant portion of these costs are incurred prior to control transfer. Significant Judgments Our contracts with customers may include promises to transfer multiple products and/or services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. For example, judgment is required to determine whether products sold in connection with the sale of installation services are considered distinct and accounted for separately, or not distinct and accounted for together with installation services and recognized over time. We provide customer rebate programs and incentive offerings, including special pricing and co-operative advertising arrangements, promotions and other volume-based incentives. These customer programs and incentives are considered variable consideration and recognized as a reduction of net sales. Up-front consideration provided to customers is capitalized as a component of other assets and amortized over the estimated life of the contractual arrangement. We include in revenue variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the variable consideration is resolved. In general, this determination is made based upon known customer program and incentive offerings at the time of sale and expected sales volume forecasts as it relates to our volume-based incentives. This determination is updated each reporting period. Certain of our contracts include contingent consideration that is receivable only upon the final inspection and acceptance of a project. We include estimates of such variable consideration in our transaction price. Based on historical experience, we consider the probability-based expected value method appropriate to estimate the amount of such variable consideration. Our products are generally sold with a right of return, and we may provide other credits or incentives, which are accounted for as variable consideration when estimating the amount of revenue to recognize. Returns and credits are estimated at contract inception and updated at the end of each reporting period as additional information becomes available. We record a right of return liability to accrue for expected customer returns. Historical actual returns are used to estimate future returns as a percentage of current sales. Obligations for returns and refunds were not material individually or in the aggregate. We offer assurance type warranties on our products as well as separately sold warranty contracts. Revenue related to warranty contracts that are sold separately is recognized over the life of the warranty term. Warranty liabilities for our assurance type warranties are discussed further in Note 13, “Contingencies and Accrued Losses,” to the Consolidated Financial Statements. Contract Balances Timing of revenue recognition may differ from the timing of invoicing customers. Our contract assets are recorded for products and services that have been provided to our customer but have not yet been billed and are included in prepaid expenses and other current assets in our Consolidated Balance Sheets. Our short-term contract liabilities consist of advance payments, or deferred revenue, and are included in other accrued liabilities in our Consolidated Balance Sheets. Trade accounts receivable, net of allowances, and net contract assets consisted of the following: (In thousands, except percentages) August 31, 2023 May 31, 2023 $ Change % Change Trade accounts receivable, less allowances $ 1,418,886 $ 1,503,040 $ ( 84,154 ) ( 5.6 %) Contract assets $ 71,939 $ 49,188 $ 22,751 46.3 % Contract liabilities - short-term ( 41,477 ) ( 42,396 ) 919 ( 2.2 %) Net Contract Assets $ 30,462 $ 6,792 $ 23,670 The $ 23.7 million increase in our net contract assets from May 31, 2023 to August 31, 2023, resulted primarily due to the timing of construction jobs in progress at August 31, 2023 versus May 31, 2023. During the three-month periods ending August 31, 2023 and 2022 we recognized $ 21.3 million and $ 12.8 million of revenue, which is included in contract liabilities as of May 31, 2023 and 2022, respectively. We also record long-term deferred revenue, which amounted to $ 77.3 million and $ 76.6 million as of August 31, 2023 and May 31, 2023, respectively. The long-term portion of deferred revenue is related to warranty contracts and is included in other long-term liabilities in our Consolidated Balance Sheets. We have elected to adopt the practical expedient to not disclose the aggregate amount of transaction price allocated to performance obligations that are unsatisfied as of the end of the reporting period for performance obligations that are part of a contract with an original expected duration of one year or less. We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. As our contract terms are primarily one year or less in duration, we have elected to apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. These costs include our internal sales force compensation program and certain incentive programs as we have determined annual compensation is commensurate with annual sales activities. Allowance for Credit Losses Our primary allowance for credit losses is the allowance for doubtful accounts. The allowance for doubtful accounts reduces the trade accounts receivable balance to the estimated net realizable value equal to the amount that is expected to be collected. The allowance was based on assessments of current creditworthiness of customers, historical collection experience, the aging of receivables and other currently available evidence. Trade accounts receivable balances are written-off against the allowance if a final determination of uncollectibility is made. All provisions for allowances for doubtful collection of accounts are included in SG&A expenses. The following tables summarize the activity for the allowance for credit losses for the three months ended August 31, 2023 and 2022: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Beginning Balance $ 49,482 $ 46,669 Bad debt provision 7,696 2,407 Uncollectible accounts written off, net of recoveries ( 782 ) ( 667 ) Translation adjustments 188 ( 1,634 ) Ending Balance $ 56,584 $ 46,775

Segment Information

Segment Information	3 Months Ended
	Aug. 31, 2023
Segment Reporting [Abstract]
Segment Information	NOTE 15 — SEGMENT INFORMATION We operate a portfolio of businesses and product lines that manufacture and sell a variety of specialty paints, protective coatings, roofing systems, flooring solutions, sealants, cleaners and adhesives. We manage our portfolio by organizing our businesses and product lines into four reportable segments as outlined below, which also represent our operating segments. Within each operating segment, we manage product lines and businesses which generally address common markets, share similar economic characteristics, utilize similar technologies and can share manufacturing or distribution capabilities. Our four operating segments represent components of our business for which separate financial information is available that is utilized on a regular basis by our chief operating decision maker in determining how to allocate the assets of the company and evaluate performance. These four operating segments are each managed by an operating segment manager, who is responsible for the day-to-day operating decisions and performance evaluation of the operating segment’s underlying businesses. We evaluate the profit performance of our segments primarily based on income before income taxes, but also look to earnings (loss) before interest and taxes (“EBIT”), as a performance evaluation measure because interest (income) expense, net is essentially related to corporate functions, as opposed to segment operations. Effective June 1, 2023, certain Asia Pacific businesses and management structure, formerly of our CPG segment, were transferred to our PCG segment to create operating efficiencies and a more unified go-to-market strategy in Asia Pacific. As a result of this business realignment, $ 11.4 million of goodwill was transferred from the CPG segment to the PCG segment. Additionally, this realignment is reflected in our reportable segments beginning with our first quarter of fiscal 2024. As such, historical segment results have been recast to reflect the impact of this change. Our CPG reportable segment products are sold throughout North America and also account for a significant portion of our international sales. Our construction product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. Products and services within this reportable segment include construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, building envelope solutions, insulated cladding, flooring systems, and weatherproofing solutions. Our PCG reportable segment products are sold throughout North America, as well as internationally, and are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. Products and services within this reportable segment include high-performance flooring solutions, corrosion control and fireproofing coatings, infrastructure repair systems and fiberglass reinforced plastic gratings. Our Consumer reportable segment manufactures and markets professional use and do-it-yourself (“DIY”) products for a variety of mainly consumer applications, including home improvement and personal leisure activities. Our Consumer reportable segment’s major manufacturing and distribution operations are located primarily in North America, along with a few locations in Europe, Australia and South America. Our Consumer reportable segment products are primarily sold directly to mass merchandisers, home improvement centers, hardware stores, paint stores, craft shops and through distributors. The Consumer reportable segment offers products that include specialty, hobby and professional paints; caulks; adhesives; cleaners; sandpaper and other abrasives; silicone sealants and wood stains. Our SPG reportable segment products are sold throughout North America and internationally, primarily in Europe. Our specialty product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. The SPG reportable segment offers products that include industrial cleaners, restoration services equipment, colorants, nail enamels, exterior finishes, edible coatings and specialty glazes for pharmaceutical and food industries, and other specialty original equipment manufacturer (“OEM”) coatings. In addition to our four reportable segments, there is a category of certain business activities and expenses, referred to as corporate/other, that does not constitute an operating segment. This category includes our corporate headquarters and related administrative expenses, results of our captive insurance companies, gains or losses on the sales of certain assets and other expenses not directly associated with any reportable segment. Assets related to the corporate/other category consist primarily of investments, prepaid expenses and headquarters’ property and equipment. These corporate and other assets and expenses reconcile reportable segment data to total consolidated income before income taxes and identifiable assets. We reflect income from our joint ventures on the equity method and receive royalties from our licensees. The following tables present a disaggregation of revenues by geography, and the results of our reportable segments consistent with our management philosophy, by representing the information we utilize, in conjunction with various strategic, operational and other financial performance criteria, in evaluating the performance of our portfolio of businesses. Three Months Ended August 31, 2023 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 509,331 $ 226,327 $ 550,753 $ 153,764 $ 1,440,175 Foreign Canada 79,161 24,246 46,340 1,129 150,876 Europe 127,957 63,671 60,866 20,476 272,970 Latin America 66,340 9,141 7,015 614 83,110 Asia Pacific - 29,333 4,630 4,968 38,931 Other Foreign - 25,795 - - 25,795 Total Foreign 273,458 152,186 118,851 27,187 571,682 Total $ 782,789 $ 378,513 $ 669,604 $ 180,951 $ 2,011,857 Three Months Ended August 31, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 463,408 $ 223,669 $ 550,619 $ 172,863 $ 1,410,559 Foreign Canada 70,138 22,663 44,250 986 138,037 Europe 117,195 56,708 53,618 22,125 249,646 Latin America 55,672 9,482 6,186 406 71,746 Asia Pacific - 29,053 4,819 6,317 40,189 Other Foreign - 22,143 - - 22,143 Total Foreign 243,005 140,049 108,873 29,834 521,761 Total $ 706,413 $ 363,718 $ 659,492 $ 202,697 $ 1,932,320 Three Months Ended (In thousands) August 31, August 31, Income (Loss) Before Income Taxes 2023 2022 CPG Segment $ 140,452 $ 106,755 PCG Segment 44,821 49,401 Consumer Segment 131,829 116,689 SPG Segment 16,397 27,885 Corporate/Other ( 64,345 ) ( 75,609 ) Consolidated $ 269,154 $ 225,121 (In thousands) August 31, May 31, Identifiable Assets 2023 2023 CPG Segment $ 2,155,506 $ 2,206,403 PCG Segment 1,212,640 1,209,819 Consumer Segment 2,332,040 2,384,782 SPG Segment 784,722 804,762 Corporate/Other 230,369 176,238 Consolidated $ 6,715,277 $ 6,782,004

Subsequent Event

Subsequent Event	3 Months Ended
	Aug. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	NOTE 16 — SUBSEQUENT EVENT Subsequent to August 31, 2023, we repurchased 131,858 shares of RPM common stock at a cost of approximately $ 12.5 million, or an average of $ 94.80 per share, under the stock repurchase program described further in Note 9, "Stock Repurchase Program," to the Consolidated Financial Statements.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Aug. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Consolidation, Noncontrolling Interests and Basis of Presentation	CONSOLIDATION, NONCONTROLLING INTERESTS AND BASIS OF PRESENTATION The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”) for interim financial information and the instructions to Form 10-Q. In our opinion, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation have been included for the three-month periods ended August 31, 2023, and August 31, 2022. For further information, refer to the Consolidated Financial Statements and Notes included in our Annual Report on Form 10-K for the year ended May 31, 2023. Our financial statements include all of our majority-owned subsidiaries. We account for our investments in less-than-majority-owned joint ventures, for which we have the ability to exercise significant influence, under the equity method. Effects of transactions between related companies are eliminated in consolidation. Noncontrolling interests are presented in our Consolidated Financial Statements as if parent company investors (controlling interests) and other minority investors (noncontrolling interests) in partially-owned subsidiaries have similar economic interests in a single entity. As a result, investments in noncontrolling interests are reported as equity in our Consolidated Financial Statements. Additionally, our Consolidated Financial Statements include 100 % of a controlled subsidiary’s earnings, rather than only our share. Transactions between the parent company and noncontrolling interests are reported in equity as transactions between stockholders, provided that these transactions do not create a change in control. Our business is dependent on external weather factors. Historically, we have experienced strong sales and net income in our first, second and fourth fiscal quarters comprising the three-month periods ending August 31, November 30 and May 31, respectively, with weaker performance in our third fiscal quarter (December through February).
New Accounting Pronouncements	NEW ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements We have not adopted any Accounting Standard Updates (“ASU”) during fiscal 2024 that have a material impact on our Consolidated Financial Statements. Additionally, there are no current ASU's issued, but not adopted, that are expected to have a material impact on the Company.

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Aug. 31, 2023
Restructuring and Related Activities [Abstract]
Summary of Charges Recorded in Connection with Restructuring by Reportable Segment	Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment as well as the total expected costs related to projects identified to date: Three Months Cumulative Total (In thousands) August 31, 2023 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs $ 415 $ 6,507 $ 16,564 Facility closure and other related costs - - 271 Total Charges $ 415 $ 6,507 $ 16,835 Performance Coatings Group ("PCG") Segment: Severance and benefit costs $ 831 $ 1,979 $ 2,296 Facility closure and other related costs 30 30 1,030 Other restructuring costs (a) 4,555 7,092 7,092 Total Charges $ 5,416 $ 9,101 $ 10,418 Consumer Segment: Severance and benefit costs $ - $ 507 $ 507 Facility closure and other related costs 14 635 635 Total Charges $ 14 $ 1,142 $ 1,142 Specialty Products Group ("SPG") Segment: Severance and benefit costs $ 653 $ 1,458 $ 1,956 Facility closure and other related costs - - 4,486 Total Charges $ 653 $ 1,458 $ 6,442 Corporate/Other Segment: Severance and benefit (credits) $ - $ ( 50 ) $ ( 50 ) Total Charges $ - $ ( 50 ) $ ( 50 ) Consolidated: Severance and benefit costs $ 1,899 $ 10,401 $ 21,273 Facility closure and other related costs 44 665 6,422 Other restructuring costs 4,555 7,092 7,092 Total Charges $ 6,498 $ 18,158 $ 34,787 (a) Of the $ 4.6 million of other restructuring costs, $ 3.3 million is associated with the impairment of an indefinite-lived tradename described above.
Summary of Activity in Restructuring Reserves	A summary of the activity in the restructuring reserves related to MAP 2025 is as follows: (in thousands) Severance and Facility Other Asset Total Balance at June 1, 2023 $ 2,717 $ - $ - $ 2,717 Additions charged to expense 1,899 44 4,555 6,498 Cash payments charged against reserve ( 2,061 ) ( 44 ) - ( 2,105 ) Non-cash charges and other adjustments ( 45 ) - ( 4,555 ) ( 4,600 ) Balance at August 31, 2023 $ 2,510 $ - $ - $ 2,510

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Aug. 31, 2023
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis and Categorized using Fair Value Hierarchy	The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. (In thousands) Quoted Prices Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 25,983 $ - $ 25,983 Corporate bonds - 137 - 137 Total available-for-sale debt securities - 26,120 - 26,120 Marketable equity securities: Stocks – foreign 1,049 - - 1,049 Stocks – domestic 9,742 - - 9,742 Mutual funds – foreign - 41,667 - 41,667 Mutual funds – domestic - 81,644 - 81,644 Total marketable equity securities 10,791 123,311 - 134,102 Contingent consideration - - ( 3,074 ) ( 3,074 ) Total $ 10,791 $ 149,431 $ ( 3,074 ) $ 157,148 (In thousands) Quoted Prices Assets Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 27,021 $ - $ 27,021 Corporate bonds - 141 - 141 Total available-for-sale debt securities - 27,162 - 27,162 Marketable equity securities: Stocks – foreign 786 - - 786 Stocks – domestic 5,009 - - 5,009 Mutual funds – foreign - 40,074 - 40,074 Mutual funds – domestic - 75,284 - 75,284 Total marketable equity securities 5,795 115,358 - 121,153 Contingent consideration - - ( 2,686 ) ( 2,686 ) Total $ 5,795 $ 142,520 $ ( 2,686 ) $ 145,629
Fair Value and Carrying Value of Cash and Cash Equivalents and Long-Term Debt	Based on the analysis performed, the fair value and the carrying value of our cash and cash equivalents and long-term debt as of August 31, 2023 and May 31, 2023 are as follows: At August 31, 2023 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 240,586 $ 240,586 Long-term debt, including current portion 2,505,311 2,296,118 At May 31, 2023 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 215,787 $ 215,787 Long-term debt, including current portion 2,683,809 2,490,863

Investment (Income) Expense, _2

Investment (Income) Expense, Net (Tables)	3 Months Ended
	Aug. 31, 2023
Other Income and Expenses [Abstract]
Investment (Income) Expense, Net	Investment (income) expense, net, consists of the following components: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Interest (income) $ ( 5,451 ) $ ( 2,150 ) Net (gain) loss on marketable securities ( 6,451 ) 6,606 Dividend (income) ( 537 ) ( 792 ) Investment (income) expense, net $ ( 12,439 ) $ 3,664
Net (Gain) Loss on Marketable Securities	Net (Gain) Loss on Marketable Securities Three Months Ended August 31, August 31, (In thousands) 2023 2022 Unrealized (gains) losses on marketable equity securities $ ( 6,527 ) $ 6,513 Realized losses on marketable equity securities 45 129 Realized losses (gains) on available-for-sale debt securities 31 ( 36 ) Net (gain) loss on marketable securities $ ( 6,451 ) $ 6,606

Other Expense, Net (Tables)

Other Expense, Net (Tables)	3 Months Ended
	Aug. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	Other expense, net, consists of the following components: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Pension non-service costs $ 2,781 $ 2,516 Other ( 227 ) ( 100 ) Other expense, net $ 2,554 $ 2,416

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 31, 2023
Inventory Disclosure [Abstract]
Major Classes of Inventories, Net of Reserves	Inventories, net of reserves, were composed of the following major classes: (In thousands) August 31, 2023 May 31, 2023 Raw material and supplies $ 431,228 $ 451,504 Finished goods 686,213 683,992 Total Inventory, Net of Reserves $ 1,117,441 $ 1,135,496

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) (Tables)	3 Months Ended
	Aug. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive (Loss)	Accumulated other comprehensive (loss) consists of the following components: Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at June 1, 2023 $ ( 465,375 ) $ ( 148,764 ) $ 11,405 $ ( 2,201 ) $ ( 604,935 ) Current period comprehensive income (loss) 9,790 - - ( 87 ) 9,703 Income taxes associated with current period comprehensive (loss) income ( 951 ) - - ( 45 ) ( 996 ) Amounts reclassified from accumulated other comprehensive income (loss) - 4,122 - ( 130 ) 3,992 Income taxes reclassified into earnings - ( 958 ) - 5 ( 953 ) Balance at August 31, 2023 $ ( 456,536 ) $ ( 145,600 ) $ 11,405 $ ( 2,458 ) $ ( 593,189 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at June 1, 2022 $ ( 395,473 ) $ ( 153,383 ) $ 13,171 $ ( 1,652 ) $ ( 537,337 ) Current period comprehensive (loss) income ( 80,515 ) - - ( 469 ) ( 80,984 ) Income taxes associated with current period comprehensive income (loss) 1,621 - - 94 1,715 Amounts reclassified from accumulated other comprehensive income (loss) - 5,703 ( 606 ) 40 5,137 Income taxes reclassified into earnings - ( 1,431 ) - ( 5 ) ( 1,436 ) Balance at August 31, 2022 $ ( 474,367 ) $ ( 149,111 ) $ 12,565 $ ( 1,992 ) $ ( 612,905 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Aug. 31, 2023
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share	The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share ("EPS") for the three-month periods ended August 31, 2023 and 2022. Three Months Ended August 31, August 31, (In thousands, except per share amounts) 2023 2022 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 201,082 $ 169,013 Less: Allocation of earnings and dividends to participating securities ( 872 ) ( 1,312 ) Net income available to common shareholders - basic 200,210 167,701 Reverse: Allocation of earnings and dividends to participating securities 872 - Add: Undistributed earnings reallocated to unvested shareholders - 4 Net income available to common shareholders - diluted $ 201,082 $ 167,705 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,633 127,617 Average diluted options and awards 1,138 544 Total shares for diluted earnings per share (1) 128,771 128,161 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.57 $ 1.31 Method used to calculate basic earnings per share Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.56 $ 1.31 Method used to calculate diluted earnings per share Treasury Two-class (1) For the three months ended August 31, 2023 and 2022, approximately 1,037,000 and 715,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Pension Plans (Tables)

Pension Plans (Tables)	3 Months Ended
	Aug. 31, 2023
Retirement Benefits [Abstract]
Retirement-Related Benefit Plans' Impact on Income Before Income Taxes	The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three-month periods ended August 31, 2023 and 2022: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) August 31, August 31, August 31, August 31, Pension Benefits 2023 2022 2023 2022 Service cost $ 10,913 $ 10,890 $ 887 $ 951 Interest cost 8,992 7,173 1,935 1,728 Expected return on plan assets ( 10,518 ) ( 9,536 ) ( 2,400 ) ( 1,727 ) Amortization of: Prior service cost (credit) 1 - ( 31 ) ( 27 ) Net actuarial losses recognized 4,205 4,487 209 125 Net Periodic Benefit Cost $ 13,593 $ 13,014 $ 600 $ 1,050 U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) August 31, August 31, August 31, August 31, Postretirement Benefits 2023 2022 2023 2022 Service cost $ - $ - $ 569 $ 287 Interest cost 22 21 390 368 Amortization of: Prior service (credit) - ( 30 ) - - Net actuarial (gains) losses recognized ( 4 ) 11 ( 12 ) ( 14 ) Net Periodic Benefit Cost $ 18 $ 2 $ 947 $ 641

Contingencies and Accrued Los_2

Contingencies and Accrued Losses (Tables)	3 Months Ended
	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Changes in Accrued Warranty Balances	The following table includes the changes in our accrued warranty balances: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Beginning Balance $ 11,776 $ 10,905 Deductions (1) ( 7,407 ) ( 6,344 ) Provision charged to expense 7,633 7,939 Ending Balance $ 12,002 $ 12,500 (1) Primarily claims paid during the period.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Aug. 31, 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) August 31, 2023 May 31, 2023 $ Change % Change Trade accounts receivable, less allowances $ 1,418,886 $ 1,503,040 $ ( 84,154 ) ( 5.6 %) Contract assets $ 71,939 $ 49,188 $ 22,751 46.3 % Contract liabilities - short-term ( 41,477 ) ( 42,396 ) 919 ( 2.2 %) Net Contract Assets $ 30,462 $ 6,792 $ 23,670
Summary of Activity for Allowance for Credit Losses	The following tables summarize the activity for the allowance for credit losses for the three months ended August 31, 2023 and 2022: Three Months Ended August 31, August 31, (In thousands) 2023 2022 Beginning Balance $ 49,482 $ 46,669 Bad debt provision 7,696 2,407 Uncollectible accounts written off, net of recoveries ( 782 ) ( 667 ) Translation adjustments 188 ( 1,634 ) Ending Balance $ 56,584 $ 46,775

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Aug. 31, 2023
Segment Reporting [Abstract]
Summary of Disaggregation of Revenues by Geography and Results of Reportable Segments	The following tables present a disaggregation of revenues by geography, and the results of our reportable segments consistent with our management philosophy, by representing the information we utilize, in conjunction with various strategic, operational and other financial performance criteria, in evaluating the performance of our portfolio of businesses. Three Months Ended August 31, 2023 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 509,331 $ 226,327 $ 550,753 $ 153,764 $ 1,440,175 Foreign Canada 79,161 24,246 46,340 1,129 150,876 Europe 127,957 63,671 60,866 20,476 272,970 Latin America 66,340 9,141 7,015 614 83,110 Asia Pacific - 29,333 4,630 4,968 38,931 Other Foreign - 25,795 - - 25,795 Total Foreign 273,458 152,186 118,851 27,187 571,682 Total $ 782,789 $ 378,513 $ 669,604 $ 180,951 $ 2,011,857 Three Months Ended August 31, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 463,408 $ 223,669 $ 550,619 $ 172,863 $ 1,410,559 Foreign Canada 70,138 22,663 44,250 986 138,037 Europe 117,195 56,708 53,618 22,125 249,646 Latin America 55,672 9,482 6,186 406 71,746 Asia Pacific - 29,053 4,819 6,317 40,189 Other Foreign - 22,143 - - 22,143 Total Foreign 243,005 140,049 108,873 29,834 521,761 Total $ 706,413 $ 363,718 $ 659,492 $ 202,697 $ 1,932,320 Three Months Ended (In thousands) August 31, August 31, Income (Loss) Before Income Taxes 2023 2022 CPG Segment $ 140,452 $ 106,755 PCG Segment 44,821 49,401 Consumer Segment 131,829 116,689 SPG Segment 16,397 27,885 Corporate/Other ( 64,345 ) ( 75,609 ) Consolidated $ 269,154 $ 225,121 (In thousands) August 31, May 31, Identifiable Assets 2023 2023 CPG Segment $ 2,155,506 $ 2,206,403 PCG Segment 1,212,640 1,209,819 Consumer Segment 2,332,040 2,384,782 SPG Segment 784,722 804,762 Corporate/Other 230,369 176,238 Consolidated $ 6,715,277 $ 6,782,004

Consolidation, Noncontrolling_2

Consolidation, Noncontrolling Interests and Basis of Presentation - Additional Information (Detail)	Aug. 31, 2023
Accounting Policies [Abstract]
Percentage of controlled subsidiary's earnings	100%

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill, by Reportable Segment (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Goodwill [Line Items]
Goodwill beginning balance	$ 1,293,588
Goodwill ending balance	$ 1,300,833

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 1,300,833	$ 1,293,588

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($)	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
MAP to Growth
Restructuring Cost And Reserve [Line Items]
Restructuring costs	$ 0	$ 1,400,000
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring Expense	Restructuring Expense
MAP 2025
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount	$ 12,100,000
MAP 2025 | Severance and benefit charges
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount	7,400,000
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount	100,000
MAP 2025 | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount	4,600,000
MAP 2025 | Other Restructuring Costs | Performance Coatings Segment | Tradename
Restructuring Cost And Reserve [Line Items]
Impairment of indefinite-lived assets	3,300,000
USL Restructuring | Universal Sealants
Restructuring Cost And Reserve [Line Items]
Loss on sale of Bridgecare services division	$ 4,500,000

Restructuring - Summary of Char

Restructuring - Summary of Charges Recorded in Connection with Restructuring by Reportable Segment (Details) - USD ($) $ in Thousands		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Restructuring Cost and Reserve [Line Items]
Current Year Charges		$ 6,498	$ 1,354
MAP 2025
Restructuring Cost and Reserve [Line Items]
Current Year Charges		6,498
Cumulative Costs to Date		18,158
Total Expected Costs		34,787
MAP 2025 | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		1,899
Cumulative Costs to Date		10,401
Total Expected Costs		21,273
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		44
Cumulative Costs to Date		665
Total Expected Costs		6,422
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		4,555
Cumulative Costs to Date		7,092
Total Expected Costs		7,092
MAP 2025 | Construction Products Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		415
Cumulative Costs to Date		6,507
Total Expected Costs		16,835
MAP 2025 | Construction Products Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		415
Cumulative Costs to Date		6,507
Total Expected Costs		16,564
MAP 2025 | Construction Products Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0
Cumulative Costs to Date		0
Total Expected Costs		271
MAP 2025 | Performance Coatings Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		5,416
Cumulative Costs to Date		9,101
Total Expected Costs		10,418
MAP 2025 | Performance Coatings Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		831
Cumulative Costs to Date		1,979
Total Expected Costs		2,296
MAP 2025 | Performance Coatings Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		30
Cumulative Costs to Date		30
Total Expected Costs		1,030
MAP 2025 | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	[1]	4,555
Cumulative Costs to Date	[1]	7,092
Total Expected Costs	[1]	7,092
MAP 2025 | Consumer Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		14
Cumulative Costs to Date		1,142
Total Expected Costs		1,142
MAP 2025 | Consumer Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0
Cumulative Costs to Date		507
Total Expected Costs		507
MAP 2025 | Consumer Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		14
Cumulative Costs to Date		635
Total Expected Costs		635
MAP 2025 | Specialty Products Group Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		653
Cumulative Costs to Date		1,458
Total Expected Costs		6,442
MAP 2025 | Specialty Products Group Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		653
Cumulative Costs to Date		1,458
Total Expected Costs		1,956
MAP 2025 | Specialty Products Group Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0
Cumulative Costs to Date		0
Total Expected Costs		4,486
MAP 2025 | Corporate/Other Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0
Cumulative Costs to Date		(50)
Total Expected Costs		(50)
MAP 2025 | Corporate/Other Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0
Cumulative Costs to Date		(50)
Total Expected Costs		$ (50)
[1] Of the $ 4.6 million of other restructuring costs, $ 3.3 million is associated with the impairment of an indefinite-lived tradename described above.

Restructuring - Summary of Ch_2

Restructuring - Summary of Charges Recorded in Connection with Restructuring by Reportable Segment (Parenthetical) (Details) - USD ($) $ in Thousands		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Restructuring Cost and Reserve [Line Items]
Current Year Charges		$ 6,498	$ 1,354
MAP 2025
Restructuring Cost and Reserve [Line Items]
Current Year Charges		6,498
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		4,555
MAP 2025 | Performance Coatings Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		5,416
MAP 2025 | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	[1]	4,555
MAP 2025 | Performance Coatings Segment | Tradename | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Impairment of indefinite-lived assets		$ 3,300
[1] Of the $ 4.6 million of other restructuring costs, $ 3.3 million is associated with the impairment of an indefinite-lived tradename described above.

Restructuring - Summary of Acti

Restructuring - Summary of Activity in Restructuring Reserves (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Restructuring Cost and Reserve [Line Items]
Additions charged to expense	$ 6,498	$ 1,354
MAP 2025
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,717
Additions charged to expense	6,498
Cash payments charged against reserve	(2,105)
Non-cash charges and other adjustments	(4,600)
Restructuring Reserve, Ending Balance	2,510
MAP 2025 | Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,717
Additions charged to expense	1,899
Cash payments charged against reserve	(2,061)
Non-cash charges and other adjustments	(45)
Restructuring Reserve, Ending Balance	2,510
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Additions charged to expense	44
Cash payments charged against reserve	(44)
Non-cash charges and other adjustments	0
Restructuring Reserve, Ending Balance	0
MAP 2025 | Other Asset Write-Offs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Additions charged to expense	4,555
Cash payments charged against reserve	0
Non-cash charges and other adjustments	(4,555)
Restructuring Reserve, Ending Balance	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis and Categorized using Fair Value Hierarchy (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	$ 26,120	$ 27,162
Total marketable equity securities	134,102	121,153
Assets (liabilities) at fair value	157,148	145,629
U.S. Treasury and other government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	25,983	27,021
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	137	141
Stocks | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	1,049	786
Stocks | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	9,742	5,009
Mutual funds | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	41,667	40,074
Mutual funds | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	81,644	75,284
Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	(3,074)	(2,686)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	10,791	5,795
Assets (liabilities) at fair value	10,791	5,795
Quoted Prices in Active Markets for Identical Assets (Level 1) | Stocks | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	1,049	786
Quoted Prices in Active Markets for Identical Assets (Level 1) | Stocks | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	9,742	5,009
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	26,120	27,162
Total marketable equity securities	123,311	115,358
Assets (liabilities) at fair value	149,431	142,520
Significant Other Observable Inputs (Level 2) | U.S. Treasury and other government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	25,983	27,021
Significant Other Observable Inputs (Level 2) | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	137	141
Significant Other Observable Inputs (Level 2) | Mutual funds | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	41,667	40,074
Significant Other Observable Inputs (Level 2) | Mutual funds | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	81,644	75,284
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets (liabilities) at fair value	(3,074)	(2,686)
Significant Unobservable Inputs (Level 3) | Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ (3,074)	$ (2,686)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	3 Months Ended
	Aug. 31, 2023 USD ($)
Fair Value Disclosures [Abstract]
Settlements of contingent consideration obligations	$ 10.3
Increase in accrual related to acquisitions	$ 3

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value and Carrying Value of Cash and Cash Equivalents and Long-Term Debt (Detail) - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 240,586	$ 215,787
Long-term debt, including current portion	2,505,311	2,683,809
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	240,586	215,787
Long-term debt, including current portion	$ 2,296,118	$ 2,490,863

Investment (Income) Expense, _3

Investment (Income) Expense, Net - Investment (Income) Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Investment Income, Net [Abstract]
Interest (income)	$ (5,451)	$ (2,150)
Net (gain) loss on marketable securities	(6,451)	6,606
Dividend (income)	(537)	(792)
Investment (income) expense, net	$ (12,439)	$ 3,664

Investment (Income) Expense, _4

Investment (Income) Expense, Net - Net (Gain) Loss on Marketable Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Net (Gain) Loss on Marketable Securities
Unrealized (gains) losses on marketable equity securities	$ (6,527)	$ 6,513
Realized losses on marketable equity securities	45	129
Realized losses (gains) on available-for-sale debt securities	31	(36)
Net (gain) loss on marketable securities	$ (6,451)	$ 6,606

(Gain) on Sales of Assets and B

(Gain) on Sales of Assets and Business, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	May 31, 2023
Sale Leaseback Transaction [Line Items]
Net gain sales of assets	$ (3,263)
Operating lease right-of-use assets	$ 324,655	$ 329,582

Other Expense, Net - Schedule o

Other Expense, Net - Schedule of Other Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Other Income and Expenses [Abstract]
Pension non-service costs	$ 2,781	$ 2,516
Other	(227)	(100)
Other expense, net	$ 2,554	$ 2,416

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax expense rate	25.20%	24.80%
Corporate income tax rate	21%	21%
Deferred income tax liability	$ 5,900,000
Unremitted foreign earnings	284,000,000
Provision for deferred income taxes	$ 0

Inventories - Major Classes of

Inventories - Major Classes of Inventories, Net of Reserves (Detail) - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Inventory Disclosure [Abstract]
Raw material and supplies	$ 431,228	$ 451,504
Finished goods	686,213	683,992
Total Inventory, Net of Reserves	$ 1,117,441	$ 1,135,496

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2021	Aug. 31, 2023	Aug. 31, 2022	May 31, 2021
Stock Repurchase Programs [Line Items]
Authorization of stock repurchase program		Jan. 08, 2008
Capital to be returned to stockholders through share repurchases				$ 1,000,000
Stock repurchase program, remaining authorized repurchase, value	$ 469,700	$ 304,800		$ 600,000
Stock repurchase program expiration date	May 31, 2021
Shares repurchased		122,425	303,079
Shares repurchased, value		$ 12,500	$ 25,000
Repurchase of common stock price per shares		$ 102.1	$ 82.49

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 2,143,000	$ 1,983,828
Ending Balance	2,282,836	1,997,602
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(465,375)	(395,473)
Current period comprehensive income (loss)	9,790	(80,515)
Income taxes associated with current period comprehensive (loss) income	(951)	1,621
Ending Balance	(456,536)	(474,367)
Pension And Other Postretirement Benefit Liability Adjustments, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(148,764)	(153,383)
Amounts reclassified from accumulated other comprehensive income (loss)	4,122	5,703
Income taxes reclassified into earnings	(958)	(1,431)
Ending Balance	(145,600)	(149,111)
Unrealized Gain (Loss) On Derivatives, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	11,405	13,171
Amounts reclassified from accumulated other comprehensive income (loss)		(606)
Ending Balance	11,405	12,565
Unrealized Gain (Loss) On Securities, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(2,201)	(1,652)
Current period comprehensive income (loss)	(87)	(469)
Income taxes associated with current period comprehensive (loss) income	(45)	94
Amounts reclassified from accumulated other comprehensive income (loss)	(130)	40
Income taxes reclassified into earnings	5	(5)
Ending Balance	(2,458)	(1,992)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(604,935)	(537,337)
Current period comprehensive income (loss)	9,703	(80,984)
Income taxes associated with current period comprehensive (loss) income	(996)	1,715
Amounts reclassified from accumulated other comprehensive income (loss)	3,992	5,137
Income taxes reclassified into earnings	(953)	(1,436)
Ending Balance	$ (593,189)	$ (612,905)

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders		$ 201,082	$ 169,013
Less: Allocation of earnings and dividends to participating securities		(872)	(1,312)
Net income available to common shareholders - basic		200,210	167,701
Reverse: Allocation of earnings and dividends to participating securities		872
Add: Undistributed earnings reallocated to unvested shareholders			4
Net income available to common shareholders - diluted		$ 201,082	$ 167,705
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,633	127,617
Average diluted options and awards		1,138	544
Total shares for diluted earnings per share	[1]	128,771	128,161
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock		$ 1.57	$ 1.31
Method used to calculate basic earnings per share		Two-class	Two-class
Diluted Earnings Per Share of Common Stock		$ 1.56	$ 1.31
Method used to calculate diluted earnings per share		Treasury	Two-class
[1] For the three months ended August 31, 2023 and 2022, approximately 1,037,000 and 715,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Earnings Per Share - Reconcil_2

Earnings Per Share - Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Stock-Based Compensation Plans
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	1,037,000	715,000

Pension Plans - Retirement-Rela

Pension Plans - Retirement-Related Benefit Plans' Impact on Income Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Pension Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 10,913	$ 10,890
Interest cost	8,992	7,173
Expected return on plan assets	(10,518)	(9,536)
Prior service cost (credit)	1
Net actuarial (gains) losses recognized	4,205	4,487
Net Periodic Benefit Cost	13,593	13,014
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	887	951
Interest cost	1,935	1,728
Expected return on plan assets	(2,400)	(1,727)
Prior service cost (credit)	(31)	(27)
Net actuarial (gains) losses recognized	209	125
Net Periodic Benefit Cost	600	1,050
Postretirement Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	22	21
Prior service cost (credit)		(30)
Net actuarial (gains) losses recognized	(4)	11
Net Periodic Benefit Cost	18	2
Postretirement Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	569	287
Interest cost	390	368
Net actuarial (gains) losses recognized	(12)	(14)
Net Periodic Benefit Cost	$ 947	$ 641

Pension Plans - Additional Info

Pension Plans - Additional Information (Detail) - Pension Benefits $ in Millions	May 31, 2023 USD ($)
U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Total expected contributions to pension plans	$ 0.7
Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Total expected contributions to pension plans	$ 5.7

Contingencies and Accrued Los_3

Contingencies and Accrued Losses - Changes in Accrued Warranty Balances (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 31, 2023	Aug. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Beginning Balance		$ 11,776	$ 10,905
Deductions	[1]	(7,407)	(6,344)
Provision charged to expense		7,633	7,939
Ending Balance		$ 12,002	$ 12,500
[1] Primarily claims paid during the period.

Contingencies and Accrued Los_4

Contingencies and Accrued Losses - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended
	Dec. 10, 2021	Aug. 31, 2023	May 31, 2023
Loss Contingencies [Line Items]
New jury awarded damages value to distributor	$ 6,000
Accrued losses		$ 28,753	$ 26,470
Maximum range of reasonably possible loss		6,400
Gain on business interruption insurance recovery		$ 10,300
Gain on Business Interruption Insurance Recovery, Statement of Income or Comprehensive Income [Extensible Enumeration]		Selling, General and Administrative Expense
Subsidiary's Appeal, Including Available Contractual Arguments
Loss Contingencies [Line Items]
Accrued losses		$ 6,400	$ 6,000

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Thousands	3 Months Ended
	Aug. 31, 2023 USD ($) Segment	Aug. 31, 2022 USD ($)	May 31, 2023 USD ($)
Disaggregation Of Revenue [Line Items]
Number of reportable segments | Segment	4
Revenue performance obligation description of payment terms	Payment terms and conditions vary by contract type, although our customers’ payment terms generally include a requirement to pay within 30 to 60 days of fulfilling our performance obligations
Revenue, Practical Expedient, Financing Component [true false]	false
Increase (decrease) in net contract assets	$ 23,670
Contract liabilities, revenue recognized	21,300	$ 12,800
Long-term deferred revenue	$ 77,300		$ 76,600

Revenue - Summary of Trade Acco

Revenue - Summary of Trade Accounts Receivable Net of Allowances and Net Contract Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	May 31, 2023
Disaggregation Of Revenue [Line Items]
Trade accounts receivable, less allowances	$ 1,418,886	$ 1,503,040
Contract assets	71,939	49,188
Contract liabilities - short-term	(41,477)	(42,396)
Net Contract Assets	30,462	$ 6,792
Change in Contract with Customer, Asset and Liability [Abstract]
Change in trade accounts receivable, less allowances	(84,154)
Change in contract assets	22,751
Change in Net Contract Assets (Liabilities)	$ 23,670
Percentage of change in trade accounts receivable, less allowances	(5.60%)
Percentage of change in contract assets	46.30%
Short-term
Change in Contract with Customer, Asset and Liability [Abstract]
Change in contract liabilities	$ 919
Percentage of change in contract liabilities	(2.20%)

Revenue - Summary of Activity f

Revenue - Summary of Activity for Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Accounts receivable, allowance for credit loss [Roll Forward]
Beginning balance	$ 49,482	$ 46,669
Bad debt provision	7,696	2,407
Uncollectible accounts written off, net of recoveries	(782)	(667)
Translation adjustments	188	(1,634)
Ending balance	$ 56,584	$ 46,775

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions		3 Months Ended
	Jun. 01, 2023 USD ($)	Aug. 31, 2023 Segment
Segment Reporting Information [Line Items]
Number of reportable segments		4
Number of operating segments		4
PCG Segment
Segment Reporting Information [Line Items]
Goodwill transferred | $	$ 11.4

Segment Information - Summary o

Segment Information - Summary of Disaggregation of Revenues by Geography and Results of Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	May 31, 2023
Segment Reporting Information [Line Items]
Net Sales	$ 2,011,857	$ 1,932,320
Income (Loss) Before Income Taxes	269,154	225,121
Identifiable Assets	6,715,277		$ 6,782,004
Domestic
Segment Reporting Information [Line Items]
Net Sales	1,440,175	1,410,559
Foreign
Segment Reporting Information [Line Items]
Net Sales	571,682	521,761
Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	150,876	138,037
Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	272,970	249,646
Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	83,110	71,746
Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	38,931	40,189
Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	25,795	22,143
Operating Segments | CPG Segment
Segment Reporting Information [Line Items]
Net Sales	782,789	706,413
Income (Loss) Before Income Taxes	140,452	106,755
Identifiable Assets	2,155,506		2,206,403
Operating Segments | CPG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	509,331	463,408
Operating Segments | CPG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	273,458	243,005
Operating Segments | CPG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	79,161	70,138
Operating Segments | CPG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	127,957	117,195
Operating Segments | CPG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	66,340	55,672
Operating Segments | PCG Segment
Segment Reporting Information [Line Items]
Net Sales	378,513	363,718
Income (Loss) Before Income Taxes	44,821	49,401
Identifiable Assets	1,212,640		1,209,819
Operating Segments | PCG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	226,327	223,669
Operating Segments | PCG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	152,186	140,049
Operating Segments | PCG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	24,246	22,663
Operating Segments | PCG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	63,671	56,708
Operating Segments | PCG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	9,141	9,482
Operating Segments | PCG Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	29,333	29,053
Operating Segments | PCG Segment | Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	25,795	22,143
Operating Segments | Consumer Segment
Segment Reporting Information [Line Items]
Net Sales	669,604	659,492
Income (Loss) Before Income Taxes	131,829	116,689
Identifiable Assets	2,332,040		2,384,782
Operating Segments | Consumer Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	550,753	550,619
Operating Segments | Consumer Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	118,851	108,873
Operating Segments | Consumer Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	46,340	44,250
Operating Segments | Consumer Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	60,866	53,618
Operating Segments | Consumer Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	7,015	6,186
Operating Segments | Consumer Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	4,630	4,819
Operating Segments | SPG Segments
Segment Reporting Information [Line Items]
Net Sales	180,951	202,697
Income (Loss) Before Income Taxes	16,397	27,885
Identifiable Assets	784,722		804,762
Operating Segments | SPG Segments | Domestic
Segment Reporting Information [Line Items]
Net Sales	153,764	172,863
Operating Segments | SPG Segments | Foreign
Segment Reporting Information [Line Items]
Net Sales	27,187	29,834
Operating Segments | SPG Segments | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	1,129	986
Operating Segments | SPG Segments | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	20,476	22,125
Operating Segments | SPG Segments | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	614	406
Operating Segments | SPG Segments | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	4,968	6,317
Corporate/Other
Segment Reporting Information [Line Items]
Income (Loss) Before Income Taxes	(64,345)	$ (75,609)
Identifiable Assets	$ 230,369		$ 176,238

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Sep. 01, 2023	Aug. 31, 2023	Aug. 31, 2022
Subsequent Event [Line Items]
Shares repurchased		122,425	303,079
Shares repurchased, value		$ 12,500	$ 25,000
Repurchase of common stock price per shares		$ 102.1	$ 82.49
Subsequent Event
Subsequent Event [Line Items]
Shares repurchased	131,858
Shares repurchased, value	$ 12,500
Repurchase of common stock price per shares	$ 94.8