RPM International (RPM) 10-Q 4 Jan 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2023	Dec. 27, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2023
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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		128,872,166
Title of 12(b) Security	Common Stock, par value $0.01

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2023	May 31, 2023
Current Assets
Cash and cash equivalents	$ 262,746	$ 215,787
Trade accounts receivable (less allowances of $57,448 and $49,482, respectively)	1,233,340	1,503,040
Inventories	1,102,815	1,135,496
Prepaid expenses and other current assets	320,106	329,845
Total current assets	2,919,007	3,184,168
Property, Plant and Equipment, at Cost	2,407,579	2,332,916
Allowance for depreciation	(1,154,468)	(1,093,440)
Property, plant and equipment, net	1,253,111	1,239,476
Other Assets
Goodwill	1,311,653	1,293,588
Other intangible assets, net of amortization	533,659	554,991
Operating lease right-of-use assets	324,272	329,582
Deferred income taxes	25,201	15,470
Other	170,474	164,729
Total other assets	2,365,259	2,358,360
Total Assets	6,537,377	6,782,004
Current Liabilities
Accounts payable	650,771	680,938
Current portion of long-term debt	5,548	178,588
Accrued compensation and benefits	204,921	257,328
Accrued losses	34,881	26,470
Other accrued liabilities	358,234	347,477
Total current liabilities	1,254,355	1,490,801
Long-Term Liabilities
Long-term debt, less current maturities	2,246,834	2,505,221
Operating lease liabilities	278,028	285,524
Other long-term liabilities	298,257	267,111
Deferred income taxes	97,349	90,347
Total long-term liabilities	2,920,468	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 145,708 and outstanding 128,872 as of November 30, 2023; issued 145,124 and outstanding 128,766 as of May 31, 2023	1,289	1,288
Paid-in capital	1,141,970	1,124,825
Treasury stock, at cost	(830,402)	(784,463)
Accumulated other comprehensive (loss)	(589,690)	(604,935)
Retained earnings	2,637,387	2,404,125
Total RPM International Inc. stockholders' equity	2,360,554	2,140,840
Noncontrolling Interest	2,000	2,160
Total equity	2,362,554	2,143,000
Total Liabilities and Stockholders' Equity	$ 6,537,377	$ 6,782,004

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2023	May 31, 2023
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 57,448	$ 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	145,708,000	145,124,000
Common stock, outstanding	128,872,000	128,766,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Income Statement [Abstract]
Net Sales		$ 1,792,275	$ 1,791,708	$ 3,804,132	$ 3,724,028
Cost of Sales		1,044,047	1,101,317	2,227,287	2,289,166
Gross Profit		748,228	690,391	1,576,845	1,434,862
Selling, General and Administrative Expenses		523,289	490,607	1,054,321	975,812
Restructuring Expense		1,239	1,272	7,737	2,626
Interest Expense		30,348	27,918	62,166	54,629
Investment (Income), Net		(5,289)	(6,851)	(17,728)	(3,187)
Other Expense, Net		2,817	2,310	5,371	4,726
Income Before Income Taxes		195,824	175,135	464,978	400,256
Provision for Income Taxes		50,009	43,593	117,850	99,435
Net Income		145,815	131,542	347,128	300,821
Less: Net Income Attributable to Noncontrolling Interests		310	198	541	464
Net Income Attributable to RPM International Inc. Stockholders		$ 145,505	$ 131,344	$ 346,587	$ 300,357
Average Number of Shares of Common Stock Outstanding:
Basic		127,758	127,585	127,816	127,600
Diluted	[1]	128,249	128,911	128,312	128,887
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic		$ 1.13	$ 1.02	$ 2.7	$ 2.34
Diluted		$ 1.13	$ 1.02	$ 2.69	$ 2.33
[1] For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2022, approximately 700,000 and 720,000 shares of stock 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		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 145,815	$ 131,542	$ 347,128	$ 300,821
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax	(44)	9,172	8,809	(69,783)
Pension and other postretirement benefit liability adjustments, net of tax	3,446	3,549	6,610	7,821
Unrealized gain (loss) on securities, net of tax	94	(234)	(163)	(574)
Unrealized (loss) on derivatives, net of tax	0	(604)	0	(1,211)
Total other comprehensive income (loss)	3,496	11,883	15,256	(63,747)
Total Comprehensive Income	149,311	143,425	362,384	237,074
Less: Comprehensive Income Attributable to Noncontrolling Interests	307	222	552	426
Comprehensive Income Attributable to RPM International Inc. Stockholders	$ 149,004	$ 143,203	$ 361,832	$ 236,648

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Cash Flows from Operating Activities:
Net Income	$ 347,128	$ 300,821
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	84,177	76,750
Deferred income taxes	(5,574)	(4,196)
Stock-based compensation expense	17,147	16,877
Net (gain) loss on marketable securities	(6,226)	2,812
Net loss on sales of assets and businesses	3,623
Other	4,007	(104)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:
Decrease in receivables	272,262	72,931
Decrease (increase) in inventory	37,243	(189,487)
Decrease (Increase) in prepaid expenses and other current and long-term assets	21,260	(23,025)
(Decrease) in accounts payable	(11,806)	(95,502)
(Decrease) in accrued compensation and benefits	(53,980)	(62,724)
Increase in accrued losses	8,332	1,465
Increase in other accrued liabilities	50,188	94,297
Cash Provided by Operating Activities	767,781	190,915
Cash Flows from Investing Activities:
Capital expenditures	(89,300)	(113,463)
Acquisition of businesses, net of cash acquired	(15,404)	(47,542)
Purchase of marketable securities	(22,057)	(10,309)
Proceeds from sales of marketable securities	13,796	7,071
Other	1,326	236
Cash (Used for) Investing Activities	(111,639)	(164,007)
Cash Flows from Financing Activities:
Additions to long-term and short-term debt	0	517,785
Reductions of long-term and short-term debt	(449,485)	(351,795)
Cash dividends	(113,325)	(105,640)
Repurchases of common stock	(25,000)	(25,000)
Shares of common stock returned for taxes	(20,689)	(14,825)
Payments of acquisition-related contingent consideration	(1,082)	(3,705)
Other	(713)	(2,627)
Cash (Used for) Provided by Financing Activities	(610,294)	14,193
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1,111	(10,655)
Net Change in Cash and Cash Equivalents	46,959	30,446
Cash and Cash Equivalents at Beginning of Period	215,787	201,672
Cash and Cash Equivalents at End of Period	262,746	232,118
Cash paid during the period for:
Interest	61,586	52,256
Income Taxes, net of refunds	124,518	84,034
Supplemental Disclosures of Noncash Investing Activities:
Capital expenditures accrued within accounts payable at quarter-end	$ 12,463	$ 8,879

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)		(303,000)
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, 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	300,821
Other comprehensive income (loss)	(63,747)
Share repurchases under repurchase program	$ (25,000)
Share repurchases under repurchase program (in shares)	(303,079)
Ending Balance at Nov. 30, 2022	$ 2,092,085	$ 1,291	1,113,025	(756,872)	(601,046)	2,334,063	2,090,461	1,624
Ending Balance (in shares) at Nov. 30, 2022		129,090,000
Beginning 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
Beginning Balance (in shares) at Aug. 31, 2022		129,099,000
Net income	131,542					131,344	131,344	198
Other comprehensive income (loss)	11,883				11,859		11,859	24
Dividends declared and paid	(54,220)					(54,220)	(54,220)
Other noncontrolling interest activity	$ (141)							(141)
Share repurchases under repurchase program (in shares)	0
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ 5,419		7,814	(2,395)			5,419
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		(9,000)
Ending Balance at Nov. 30, 2022	2,092,085	$ 1,291	1,113,025	(756,872)	(601,046)	2,334,063	2,090,461	1,624
Ending Balance (in shares) at Nov. 30, 2022		129,090,000
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)		(122,000)
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
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	347,128
Other comprehensive income (loss)	15,256
Share repurchases under repurchase program	$ (25,000)
Share repurchases under repurchase program (in shares)	(254,283)
Ending Balance at Nov. 30, 2023	$ 2,362,554	$ 1,289	1,141,970	(830,402)	(589,690)	2,637,387	2,360,554	2,000
Ending Balance (in shares) at Nov. 30, 2023		128,872,000
Beginning 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
Beginning Balance (in shares) at Aug. 31, 2023		128,962,000
Net income	145,815					145,505	145,505	310
Other comprehensive income (loss)	3,496				3,499		3,499	(3)
Dividends declared and paid	(59,260)					(59,260)	(59,260)
Share repurchases under repurchase program	$ (12,500)	$ (1)	1	(12,500)			(12,500)
Share repurchases under repurchase program (in shares)	(131,858)	(132,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ 2,167		8,028	(5,861)			2,167
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		42,000
Ending Balance at Nov. 30, 2023	$ 2,362,554	$ 1,289	$ 1,141,970	$ (830,402)	$ (589,690)	$ 2,637,387	$ 2,360,554	$ 2,000
Ending Balance (in shares) at Nov. 30, 2023		128,872,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2022	Aug. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared and paid per share	$ 0.46	$ 0.42	$ 0.42	$ 0.40

Consolidation, Noncontrolling I

Consolidation, Noncontrolling Interests and Basis of Presentation	6 Months Ended
	Nov. 30, 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- and six-month periods ended November 30, 2023, and November 30, 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	6 Months Ended
	Nov. 30, 2023
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	NOTE 2 — NEW ACCOUNTING PRONOUNCEMENTS New Pronouncements Adopted We have not adopted any Accounting Standard Updates (“ASU”) during fiscal 2024 that have a material impact on our Consolidated Financial Statements. New Pronouncements Issued In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which requires a public business entity to disclose specific categories in its annual effective tax rate reconciliation and disaggregated information about significant reconciling items by jurisdiction and by nature. The ASU also requires entities to disclose their income tax payments (net of refunds) to international, federal, and state and local jurisdictions. The guidance makes several other changes to income tax disclosure requirements. This guidance is effective for fiscal years beginning after December 15, 2024, and requires prospective application with the option to apply it retrospectively. Early adoption is permitted. We are currently evaluating this ASU to determine its impact on our disclosures. In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which expands disclosures about a public business entity's reportable segments and provides for more detailed information about a reportable segment's expenses. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. Early adoption is permitted. We are currently evaluating this ASU to determine its impact on our disclosures.

Restructuring

Restructuring	6 Months Ended
	Nov. 30, 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 $ 1.2 million and $ 2.6 million of restructuring costs associated with this plan for the three and six months ended November 30, 2022, respectively. We did no t incur any restructuring costs for the three and six months ended November 30, 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; however, we expect some costs to extend beyond this date. The current total expected costs associated with this plan are outlined below and increased approximately $ 16.5 million compared to our previous estimate, attributable to increases in expected severance and benefit charges of $ 1.0 million and expected facility closure and other related costs of $ 15.5 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 three-month period 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 United Kingdom. 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 three-month period 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. No such impairment loss was recorded for the three months ended November 30, 2023. 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 Six Months Cumulative Total (In thousands) November 30, 2023 November 30, 2023 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs $ 387 $ 802 $ 6,894 $ 17,110 Facility closure and other related costs - - - 15,304 Total Charges $ 387 $ 802 $ 6,894 $ 32,414 Performance Coatings Group ("PCG") Segment: Severance and benefit costs $ 213 $ 1,044 $ 2,192 $ 2,369 Facility closure and other related costs 93 123 123 1,123 Other restructuring costs (a) - 4,555 7,092 7,092 Total Charges $ 306 $ 5,722 $ 9,407 $ 10,584 Consumer Segment: Severance and benefit costs $ 35 $ 35 $ 542 $ 542 Facility closure and other related costs - 14 635 635 Total Charges $ 35 $ 49 $ 1,177 $ 1,177 Specialty Products Group ("SPG") Segment: Severance and benefit costs $ 482 $ 1,135 $ 1,940 $ 2,290 Facility closure and other related costs 29 29 29 4,828 Total Charges $ 511 $ 1,164 $ 1,969 $ 7,118 Corporate/Other Segment: Severance and benefit (credits) $ - $ - $ ( 50 ) $ ( 50 ) Total Charges $ - $ - $ ( 50 ) $ ( 50 ) Consolidated: Severance and benefit costs $ 1,117 $ 3,016 $ 11,518 $ 22,261 Facility closure and other related costs 122 166 787 21,890 Other restructuring costs - 4,555 7,092 7,092 Total Charges $ 1,239 $ 7,737 $ 19,397 $ 51,243 (a) Of the $ 4.6 million of other restructuring costs incurred for the six-month period ending November 30, 2023, $ 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 August 31, 2023 $ 2,510 $ - $ - $ 2,510 Additions charged to expense 1,117 122 - 1,239 Cash payments charged against reserve ( 884 ) ( 122 ) - ( 1,006 ) Non-cash charges and other adjustments 62 - - 62 Balance at November 30, 2023 $ 2,805 $ - $ - $ 2,805 (In thousands) Severance and Facility Other Asset Total Balance at June 1, 2023 $ 2,717 $ - $ - $ 2,717 Additions charged to expense 3,016 166 4,555 7,737 Cash payments charged against reserve ( 2,945 ) ( 166 ) - ( 3,111 ) Non-cash charges and other adjustments 17 - ( 4,555 ) ( 4,538 ) Balance at November 30, 2023 $ 2,805 $ - $ - $ 2,805

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Nov. 30, 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 $ - $ 26,881 $ - $ 26,881 Corporate bonds - 137 - 137 Total available-for-sale debt securities - 27,018 - 27,018 Marketable equity securities: Stocks – foreign 1,146 - - 1,146 Stocks – domestic 9,791 - - 9,791 Mutual funds – foreign - 42,103 - 42,103 Mutual funds – domestic - 82,025 - 82,025 Total marketable equity securities 10,937 124,128 - 135,065 Contingent consideration - - ( 2,298 ) ( 2,298 ) Total $ 10,937 $ 151,146 $ ( 2,298 ) $ 159,785 (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 half of fiscal 2024, we paid approximately $ 1.1 million to satisfy contingent consideration obligations relating to certain performance milestones that were established in prior periods and achieved during the current year. During the first half of fiscal 2023, we recorded an increase in the accrual for approximately $ 2.1 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 November 30, 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 November 30, 2023 and May 31, 2023 are as follows: At November 30, 2023 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 262,746 $ 262,746 Long-term debt, including current portion 2,252,382 2,064,051 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), Net

Investment (Income), Net	6 Months Ended
	Nov. 30, 2023
Other Income and Expenses [Abstract]
Investment (Income), Net	NOTE 5 — INVESTMENT (INCOME), NET Investment (income), net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Interest (income) $ ( 4,897 ) $ ( 2,389 ) $ ( 10,348 ) $ ( 4,539 ) Net loss (gain) on marketable securities 225 ( 3,794 ) ( 6,226 ) 2,812 Dividend (income) ( 617 ) ( 668 ) ( 1,154 ) ( 1,460 ) Investment (income), net $ ( 5,289 ) $ ( 6,851 ) $ ( 17,728 ) $ ( 3,187 ) Net Loss (Gain) on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Unrealized losses (gains) on marketable equity securities $ 103 $ ( 3,754 ) $ ( 6,424 ) $ 2,759 Realized losses (gains) on marketable equity securities 87 ( 40 ) 132 89 Realized losses (gains) on available-for-sale debt securities 35 - 66 ( 36 ) Net loss (gain) on marketable securities $ 225 $ ( 3,794 ) $ ( 6,226 ) $ 2,812

Other Expense, Net

Other Expense, Net	6 Months Ended
	Nov. 30, 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 Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Pension non-service costs $ 2,785 $ 2,486 $ 5,566 $ 5,002 Other 32 ( 176 ) ( 195 ) ( 276 ) Other expense, net $ 2,817 $ 2,310 $ 5,371 $ 4,726

Income Taxes

Income Taxes	6 Months Ended
	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 — INCOME TAXES The effective income tax rate of 25.5 % for the three months ended November 30, 2023 compares to the effective income tax rate of 24.9 % for the three months ended November 30, 2022. The effective income tax rates for the three-month periods ended November 30, 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. The effective income tax rate of 25.3 % for the six months ended November 30, 2023 compares to the effective income tax rate of 24.8 % for the six months ended November 30, 2022. The effective income tax rates for the six-month periods ended November 30, 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 effective tax rate for the six-month period ended November 30, 2023 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 favorable adjustments for U.S. foreign tax credits. Our deferred tax liability for unremitted foreign earnings was $ 5.4 million as of November 30, 2023, which represents our estimate of the net tax cost associated with the remittance of $ 290.3 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 November 30, 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	6 Months Ended
	Nov. 30, 2023
Inventory Disclosure [Abstract]
Inventories	NOTE 8 — INVENTORIES Inventories, net of reserves, were composed of the following major classes: (In thousands) November 30, 2023 May 31, 2023 Raw material and supplies $ 405,098 $ 451,504 Finished goods 697,717 683,992 Total Inventory, Net of Reserves $ 1,102,815 $ 1,135,496

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Nov. 30, 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 November 30, 2023, we repurchased 131,858 shares of our common stock at a cost of approximately $ 12.5 million, or an average of $ 94.80 per share. During the three months ended November 30, 2022, we did no t repurchase any shares of our common stock under this program. During the six months ended November 30, 2023, we repurchased 254,283 shares of our common stock at a cost of approximately $ 25.0 million, or an average of $ 98.32 per share. During the six months ended November 30, 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 $ 292.3 million at November 30, 2023.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss)	6 Months Ended
	Nov. 30, 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) Three Months Ended November 30, 2023 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at August 31, 2023 $ ( 456,536 ) $ ( 145,600 ) $ 11,405 $ ( 2,458 ) $ ( 593,189 ) Current period comprehensive (loss) income ( 673 ) - - 150 ( 523 ) Income taxes associated with current period comprehensive income (loss) 632 - - ( 16 ) 616 Amounts reclassified from accumulated other comprehensive income (loss) - 4,500 - ( 45 ) 4,455 Income taxes reclassified into earnings - ( 1,054 ) - 5 ( 1,049 ) Balance at November 30, 2023 $ ( 456,577 ) $ ( 142,154 ) $ 11,405 $ ( 2,364 ) $ ( 589,690 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Three Months Ended November 30, 2022 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at August 31, 2022 $ ( 474,367 ) $ ( 149,111 ) $ 12,565 $ ( 1,992 ) $ ( 612,905 ) Current period comprehensive (loss) income 8,579 - - ( 331 ) 8,248 Income taxes associated with current period comprehensive income (loss) 570 - - 117 687 Amounts reclassified from accumulated other comprehensive income (loss) - 4,623 ( 605 ) ( 20 ) 3,998 Income taxes reclassified into earnings - ( 1,074 ) - - ( 1,074 ) Balance at November 30, 2022 $ ( 465,218 ) $ ( 145,562 ) $ 11,960 $ ( 2,226 ) $ ( 601,046 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Six Months Ended November 30, 2023 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 (loss) income 9,117 - - 67 9,184 Income taxes associated with current period comprehensive income (loss) ( 319 ) - - ( 61 ) ( 380 ) Amounts reclassified from accumulated other comprehensive income (loss) - 8,622 - ( 179 ) 8,443 Income taxes reclassified into earnings - ( 2,012 ) - 10 ( 2,002 ) Balance at November 30, 2023 $ ( 456,577 ) $ ( 142,154 ) $ 11,405 $ ( 2,364 ) $ ( 589,690 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Six Months Ended November 30, 2022 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 ( 71,936 ) - - ( 802 ) ( 72,738 ) Income taxes associated with current period comprehensive income (loss) 2,191 - - 211 2,402 Amounts reclassified from accumulated other comprehensive income (loss) - 10,326 ( 1,211 ) 22 9,137 Income taxes reclassified into earnings - ( 2,505 ) - ( 5 ) ( 2,510 ) Balance at November 30, 2022 $ ( 465,218 ) $ ( 145,562 ) $ 11,960 $ ( 2,226 ) $ ( 601,046 )

Earnings Per Share

Earnings Per Share	6 Months Ended
	Nov. 30, 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- and six-month periods ended November 30, 2023 and 2022. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2023 2022 2023 2022 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 145,505 $ 131,344 $ 346,587 $ 300,357 Less: Allocation of earnings and dividends to participating securities ( 707 ) ( 676 ) ( 1,597 ) ( 1,466 ) Net income available to common shareholders - basic 144,798 130,668 344,990 298,891 Reverse: Allocation of earnings and dividends to participating securities - 676 - 1,466 Add: Undistributed earnings reallocated to unvested shareholders 2 - 4 - Net income available to common shareholders - diluted $ 144,800 $ 131,344 $ 344,994 $ 300,357 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,758 127,585 127,816 127,600 Average diluted options and awards 491 1,326 496 1,287 Total shares for diluted earnings per share (1) 128,249 128,911 128,312 128,887 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.13 $ 1.02 $ 2.70 $ 2.34 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.13 $ 1.02 $ 2.69 $ 2.33 Method used to calculate diluted earnings per share Two-class Treasury Two-class Treasury (1) For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2022, approximately 700,000 and 720,000 shares of stock 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	6 Months Ended
	Nov. 30, 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- and six-month periods ended November 30, 2023 and 2022: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) November 30, November 30, November 30, November 30, 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) November 30, November 30, November 30, November 30, 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 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Pension Benefits 2023 2022 2023 2022 Service cost $ 21,826 $ 21,780 $ 1,774 $ 1,902 Interest cost 17,984 14,346 3,870 3,456 Expected return on plan assets ( 21,036 ) ( 19,072 ) ( 4,800 ) ( 3,454 ) Amortization of: Prior service cost (credit) 2 - ( 62 ) ( 54 ) Net actuarial losses recognized 8,410 8,974 418 250 Net Periodic Benefit Cost $ 27,186 $ 26,028 $ 1,200 $ 2,100 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Postretirement Benefits 2023 2022 2023 2022 Service cost $ - $ - $ 1,138 $ 574 Interest cost 44 42 780 736 Amortization of: Prior service (credit) - ( 60 ) - - Net actuarial (gains) losses recognized ( 8 ) 22 ( 24 ) ( 28 ) Net Periodic Benefit Cost $ 36 $ 4 $ 1,894 $ 1,282 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	6 Months Ended
	Nov. 30, 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 November 30, 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 Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Beginning Balance $ 12,002 $ 12,500 $ 11,776 $ 10,905 Deductions (1) ( 9,977 ) ( 8,160 ) ( 17,384 ) ( 14,504 ) Provision charged to expense 10,626 7,169 18,259 15,108 Ending Balance $ 12,651 $ 11,509 $ 12,651 $ 11,509 (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 was also entitled to seek recovery of some portion of its attorneys’ fees and costs. 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. On November 15, 2023, the U.S. District Court for the Eastern District of California issued an order awarding the distributor approximately $ 4.4 million in connection with attorney's fees and costs the distributor allegedly incurred throughout the duration of this legal action. As a result of this order, we increased our accrual to $ 10.4 million. We strongly disagree with the District Court's decision, and timely filed an appeal of its order with the Ninth Circuit Court of Appeals. We incurred SG&A expense of $ 4.0 million and $ 4.4 million for the three- and six-month periods ending November 30, 2023, respectively, related to this matter. 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 half of fiscal 2024 the Consumer segment recovered $ 11.1 million from insurance. These proceeds were recorded as a gain of $ 0.8 million and $ 11.1 million for the three- and six-month periods ending November 30, 2023, respectively. 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	6 Months Ended
	Nov. 30, 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) November 30, 2023 May 31, 2023 $ Change % Change Trade accounts receivable, less allowances $ 1,233,340 $ 1,503,040 $ ( 269,700 ) ( 17.9 %) Contract assets $ 52,603 $ 49,188 $ 3,415 6.9 % Contract liabilities - short-term ( 42,855 ) ( 42,396 ) ( 459 ) 1.1 % Net Contract Assets $ 9,748 $ 6,792 $ 2,956 The $ 3.0 million increase in our net contract assets from May 31, 2023 to November 30, 2023, resulted primarily due to the timing of construction jobs in progress at November 30, 2023 versus May 31, 2023. During the three- and six-month periods ending November 30, 2023 we recognized $ 7.2 million and $ 28.5 million of revenue, which is included in contract liabilities as of May 31, 2023. During the three- and six-month periods ending November 30, 2022 we recognized $ 5.5 million and $ 18.4 million of revenue, which is included in contract liabilities as of May 31, 2022. We also record long-term deferred revenue, which amounted to $ 79.5 million and $ 76.6 million as of November 30, 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 and six months ended November 30, 2023 and 2022: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Beginning Balance $ 56,584 $ 46,775 $ 49,482 $ 46,669 Bad debt provision 2,892 5,116 10,588 7,523 Uncollectible accounts written off, net of recoveries ( 2,033 ) ( 4,238 ) ( 2,815 ) ( 4,905 ) Translation adjustments 5 388 193 ( 1,246 ) Ending Balance $ 57,448 $ 48,041 $ 57,448 $ 48,041

Segment Information

Segment Information	6 Months Ended
	Nov. 30, 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 structures. 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 November 30, 2023 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 395,961 $ 221,486 $ 469,353 $ 145,956 $ 1,232,756 Foreign Canada 70,181 25,301 39,601 1,303 136,386 Europe 126,915 58,452 57,646 20,905 263,918 Latin America 68,693 8,572 7,127 701 85,093 Asia Pacific - 33,852 4,960 8,117 46,929 Other Foreign - 27,193 - - 27,193 Total Foreign 265,789 153,370 109,334 31,026 559,519 Total $ 661,750 $ 374,856 $ 578,687 $ 176,982 $ 1,792,275 Three Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 379,722 $ 214,738 $ 504,108 $ 179,160 $ 1,277,728 Foreign Canada 65,344 22,311 44,832 1,061 133,548 Europe 115,785 57,012 49,507 20,033 242,337 Latin America 51,592 10,640 7,365 334 69,931 Asia Pacific - 28,058 4,547 11,496 44,101 Other Foreign - 24,063 - - 24,063 Total Foreign 232,721 142,084 106,251 32,924 513,980 Total $ 612,443 $ 356,822 $ 610,359 $ 212,084 $ 1,791,708 Six Months Ended November 30, 2023 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 905,294 $ 447,814 $ 1,020,106 $ 299,719 $ 2,672,933 Foreign Canada 149,342 49,547 85,941 2,432 287,262 Europe 254,871 122,122 118,512 41,381 536,886 Latin America 135,032 17,713 14,142 1,316 168,203 Asia Pacific - 63,185 9,590 13,085 85,860 Other Foreign - 52,988 - - 52,988 Total Foreign 539,245 305,555 228,185 58,214 1,131,199 Total $ 1,444,539 $ 753,369 $ 1,248,291 $ 357,933 $ 3,804,132 Six Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 843,130 $ 438,408 $ 1,054,727 $ 352,023 $ 2,688,288 Foreign Canada 135,482 44,973 89,082 2,047 271,584 Europe 232,980 113,720 103,125 42,158 491,983 Latin America 107,264 20,122 13,551 740 141,677 Asia Pacific - 57,111 9,366 17,813 84,290 Other Foreign - 46,206 - - 46,206 Total Foreign 475,726 282,132 215,124 62,758 1,035,740 Total $ 1,318,856 $ 720,540 $ 1,269,851 $ 414,781 $ 3,724,028 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2023 2022 2023 2022 CPG Segment $ 98,398 $ 74,038 $ 238,850 $ 180,793 PCG Segment 61,502 46,709 106,323 96,110 Consumer Segment 98,066 93,873 229,895 210,562 SPG Segment 10,145 27,431 26,542 55,316 Corporate/Other ( 72,287 ) ( 66,916 ) ( 136,632 ) ( 142,525 ) Consolidated $ 195,824 $ 175,135 $ 464,978 $ 400,256 (In thousands) November 30, May 31, Identifiable Assets 2023 2023 CPG Segment $ 2,082,505 $ 2,206,403 PCG Segment 1,199,277 1,209,819 Consumer Segment 2,232,354 2,384,782 SPG Segment 774,212 804,762 Corporate/Other 249,029 176,238 Consolidated $ 6,537,377 $ 6,782,004

Subsequent Event

Subsequent Event	6 Months Ended
	Nov. 30, 2023
Subsequent Events [Abstract]
Subsequent Event	NOTE 16 — SUBSEQUENT EVENT On December 27, 2023, we prepaid the $ 250.0 million of principal outstanding on our term loan which had a maturity date of August 1, 2025 .

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Nov. 30, 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- and six-month periods ended November 30, 2023, and November 30, 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 Pronouncements Adopted and Issued	NEW ACCOUNTING PRONOUNCEMENTS New Pronouncements Adopted We have not adopted any Accounting Standard Updates (“ASU”) during fiscal 2024 that have a material impact on our Consolidated Financial Statements. New Pronouncements Issued In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which requires a public business entity to disclose specific categories in its annual effective tax rate reconciliation and disaggregated information about significant reconciling items by jurisdiction and by nature. The ASU also requires entities to disclose their income tax payments (net of refunds) to international, federal, and state and local jurisdictions. The guidance makes several other changes to income tax disclosure requirements. This guidance is effective for fiscal years beginning after December 15, 2024, and requires prospective application with the option to apply it retrospectively. Early adoption is permitted. We are currently evaluating this ASU to determine its impact on our disclosures. In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which expands disclosures about a public business entity's reportable segments and provides for more detailed information about a reportable segment's expenses. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. Early adoption is permitted. We are currently evaluating this ASU to determine its impact on our disclosures.

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Nov. 30, 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 Six Months Cumulative Total (In thousands) November 30, 2023 November 30, 2023 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs $ 387 $ 802 $ 6,894 $ 17,110 Facility closure and other related costs - - - 15,304 Total Charges $ 387 $ 802 $ 6,894 $ 32,414 Performance Coatings Group ("PCG") Segment: Severance and benefit costs $ 213 $ 1,044 $ 2,192 $ 2,369 Facility closure and other related costs 93 123 123 1,123 Other restructuring costs (a) - 4,555 7,092 7,092 Total Charges $ 306 $ 5,722 $ 9,407 $ 10,584 Consumer Segment: Severance and benefit costs $ 35 $ 35 $ 542 $ 542 Facility closure and other related costs - 14 635 635 Total Charges $ 35 $ 49 $ 1,177 $ 1,177 Specialty Products Group ("SPG") Segment: Severance and benefit costs $ 482 $ 1,135 $ 1,940 $ 2,290 Facility closure and other related costs 29 29 29 4,828 Total Charges $ 511 $ 1,164 $ 1,969 $ 7,118 Corporate/Other Segment: Severance and benefit (credits) $ - $ - $ ( 50 ) $ ( 50 ) Total Charges $ - $ - $ ( 50 ) $ ( 50 ) Consolidated: Severance and benefit costs $ 1,117 $ 3,016 $ 11,518 $ 22,261 Facility closure and other related costs 122 166 787 21,890 Other restructuring costs - 4,555 7,092 7,092 Total Charges $ 1,239 $ 7,737 $ 19,397 $ 51,243 (a) Of the $ 4.6 million of other restructuring costs incurred for the six-month period ending November 30, 2023, $ 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 August 31, 2023 $ 2,510 $ - $ - $ 2,510 Additions charged to expense 1,117 122 - 1,239 Cash payments charged against reserve ( 884 ) ( 122 ) - ( 1,006 ) Non-cash charges and other adjustments 62 - - 62 Balance at November 30, 2023 $ 2,805 $ - $ - $ 2,805 (In thousands) Severance and Facility Other Asset Total Balance at June 1, 2023 $ 2,717 $ - $ - $ 2,717 Additions charged to expense 3,016 166 4,555 7,737 Cash payments charged against reserve ( 2,945 ) ( 166 ) - ( 3,111 ) Non-cash charges and other adjustments 17 - ( 4,555 ) ( 4,538 ) Balance at November 30, 2023 $ 2,805 $ - $ - $ 2,805

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Nov. 30, 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 $ - $ 26,881 $ - $ 26,881 Corporate bonds - 137 - 137 Total available-for-sale debt securities - 27,018 - 27,018 Marketable equity securities: Stocks – foreign 1,146 - - 1,146 Stocks – domestic 9,791 - - 9,791 Mutual funds – foreign - 42,103 - 42,103 Mutual funds – domestic - 82,025 - 82,025 Total marketable equity securities 10,937 124,128 - 135,065 Contingent consideration - - ( 2,298 ) ( 2,298 ) Total $ 10,937 $ 151,146 $ ( 2,298 ) $ 159,785 (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 November 30, 2023 and May 31, 2023 are as follows: At November 30, 2023 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 262,746 $ 262,746 Long-term debt, including current portion 2,252,382 2,064,051 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), Net (Table

Investment (Income), Net (Tables)	6 Months Ended
	Nov. 30, 2023
Other Income and Expenses [Abstract]
Investment (Income), Net	Investment (income), net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Interest (income) $ ( 4,897 ) $ ( 2,389 ) $ ( 10,348 ) $ ( 4,539 ) Net loss (gain) on marketable securities 225 ( 3,794 ) ( 6,226 ) 2,812 Dividend (income) ( 617 ) ( 668 ) ( 1,154 ) ( 1,460 ) Investment (income), net $ ( 5,289 ) $ ( 6,851 ) $ ( 17,728 ) $ ( 3,187 )
Net Loss (Gain) on Marketable Securities	Net Loss (Gain) on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Unrealized losses (gains) on marketable equity securities $ 103 $ ( 3,754 ) $ ( 6,424 ) $ 2,759 Realized losses (gains) on marketable equity securities 87 ( 40 ) 132 89 Realized losses (gains) on available-for-sale debt securities 35 - 66 ( 36 ) Net loss (gain) on marketable securities $ 225 $ ( 3,794 ) $ ( 6,226 ) $ 2,812

Other Expense, Net (Tables)

Other Expense, Net (Tables)	6 Months Ended
	Nov. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	Other expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Pension non-service costs $ 2,785 $ 2,486 $ 5,566 $ 5,002 Other 32 ( 176 ) ( 195 ) ( 276 ) Other expense, net $ 2,817 $ 2,310 $ 5,371 $ 4,726

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 30, 2023
Inventory Disclosure [Abstract]
Major Classes of Inventories, Net of Reserves	Inventories, net of reserves, were composed of the following major classes: (In thousands) November 30, 2023 May 31, 2023 Raw material and supplies $ 405,098 $ 451,504 Finished goods 697,717 683,992 Total Inventory, Net of Reserves $ 1,102,815 $ 1,135,496

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) (Tables)	6 Months Ended
	Nov. 30, 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) Three Months Ended November 30, 2023 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at August 31, 2023 $ ( 456,536 ) $ ( 145,600 ) $ 11,405 $ ( 2,458 ) $ ( 593,189 ) Current period comprehensive (loss) income ( 673 ) - - 150 ( 523 ) Income taxes associated with current period comprehensive income (loss) 632 - - ( 16 ) 616 Amounts reclassified from accumulated other comprehensive income (loss) - 4,500 - ( 45 ) 4,455 Income taxes reclassified into earnings - ( 1,054 ) - 5 ( 1,049 ) Balance at November 30, 2023 $ ( 456,577 ) $ ( 142,154 ) $ 11,405 $ ( 2,364 ) $ ( 589,690 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Three Months Ended November 30, 2022 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at August 31, 2022 $ ( 474,367 ) $ ( 149,111 ) $ 12,565 $ ( 1,992 ) $ ( 612,905 ) Current period comprehensive (loss) income 8,579 - - ( 331 ) 8,248 Income taxes associated with current period comprehensive income (loss) 570 - - 117 687 Amounts reclassified from accumulated other comprehensive income (loss) - 4,623 ( 605 ) ( 20 ) 3,998 Income taxes reclassified into earnings - ( 1,074 ) - - ( 1,074 ) Balance at November 30, 2022 $ ( 465,218 ) $ ( 145,562 ) $ 11,960 $ ( 2,226 ) $ ( 601,046 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Six Months Ended November 30, 2023 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 (loss) income 9,117 - - 67 9,184 Income taxes associated with current period comprehensive income (loss) ( 319 ) - - ( 61 ) ( 380 ) Amounts reclassified from accumulated other comprehensive income (loss) - 8,622 - ( 179 ) 8,443 Income taxes reclassified into earnings - ( 2,012 ) - 10 ( 2,002 ) Balance at November 30, 2023 $ ( 456,577 ) $ ( 142,154 ) $ 11,405 $ ( 2,364 ) $ ( 589,690 ) Pension And Other Foreign Postretirement Unrealized Unrealized Currency Benefit Gain Gain (Loss) Six Months Ended November 30, 2022 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 ( 71,936 ) - - ( 802 ) ( 72,738 ) Income taxes associated with current period comprehensive income (loss) 2,191 - - 211 2,402 Amounts reclassified from accumulated other comprehensive income (loss) - 10,326 ( 1,211 ) 22 9,137 Income taxes reclassified into earnings - ( 2,505 ) - ( 5 ) ( 2,510 ) Balance at November 30, 2022 $ ( 465,218 ) $ ( 145,562 ) $ 11,960 $ ( 2,226 ) $ ( 601,046 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Nov. 30, 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- and six-month periods ended November 30, 2023 and 2022. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2023 2022 2023 2022 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 145,505 $ 131,344 $ 346,587 $ 300,357 Less: Allocation of earnings and dividends to participating securities ( 707 ) ( 676 ) ( 1,597 ) ( 1,466 ) Net income available to common shareholders - basic 144,798 130,668 344,990 298,891 Reverse: Allocation of earnings and dividends to participating securities - 676 - 1,466 Add: Undistributed earnings reallocated to unvested shareholders 2 - 4 - Net income available to common shareholders - diluted $ 144,800 $ 131,344 $ 344,994 $ 300,357 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,758 127,585 127,816 127,600 Average diluted options and awards 491 1,326 496 1,287 Total shares for diluted earnings per share (1) 128,249 128,911 128,312 128,887 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.13 $ 1.02 $ 2.70 $ 2.34 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.13 $ 1.02 $ 2.69 $ 2.33 Method used to calculate diluted earnings per share Two-class Treasury Two-class Treasury (1) For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2022, approximately 700,000 and 720,000 shares of stock 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)	6 Months Ended
	Nov. 30, 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- and six-month periods ended November 30, 2023 and 2022: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) November 30, November 30, November 30, November 30, 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) November 30, November 30, November 30, November 30, 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 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Pension Benefits 2023 2022 2023 2022 Service cost $ 21,826 $ 21,780 $ 1,774 $ 1,902 Interest cost 17,984 14,346 3,870 3,456 Expected return on plan assets ( 21,036 ) ( 19,072 ) ( 4,800 ) ( 3,454 ) Amortization of: Prior service cost (credit) 2 - ( 62 ) ( 54 ) Net actuarial losses recognized 8,410 8,974 418 250 Net Periodic Benefit Cost $ 27,186 $ 26,028 $ 1,200 $ 2,100 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Postretirement Benefits 2023 2022 2023 2022 Service cost $ - $ - $ 1,138 $ 574 Interest cost 44 42 780 736 Amortization of: Prior service (credit) - ( 60 ) - - Net actuarial (gains) losses recognized ( 8 ) 22 ( 24 ) ( 28 ) Net Periodic Benefit Cost $ 36 $ 4 $ 1,894 $ 1,282

Contingencies and Accrued Los_2

Contingencies and Accrued Losses (Tables)	6 Months Ended
	Nov. 30, 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 Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Beginning Balance $ 12,002 $ 12,500 $ 11,776 $ 10,905 Deductions (1) ( 9,977 ) ( 8,160 ) ( 17,384 ) ( 14,504 ) Provision charged to expense 10,626 7,169 18,259 15,108 Ending Balance $ 12,651 $ 11,509 $ 12,651 $ 11,509 (1) Primarily claims paid during the period.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Nov. 30, 2023
Revenue from Contract with Customer [Abstract]
Trade Accounts Receivable Net of Allowances and Net Contract Assets	Trade accounts receivable, net of allowances, and net contract assets consisted of the following: (In thousands, except percentages) November 30, 2023 May 31, 2023 $ Change % Change Trade accounts receivable, less allowances $ 1,233,340 $ 1,503,040 $ ( 269,700 ) ( 17.9 %) Contract assets $ 52,603 $ 49,188 $ 3,415 6.9 % Contract liabilities - short-term ( 42,855 ) ( 42,396 ) ( 459 ) 1.1 % Net Contract Assets $ 9,748 $ 6,792 $ 2,956
Summary of Activity for Allowance for Credit Losses	The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2023 and 2022: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2023 2022 2023 2022 Beginning Balance $ 56,584 $ 46,775 $ 49,482 $ 46,669 Bad debt provision 2,892 5,116 10,588 7,523 Uncollectible accounts written off, net of recoveries ( 2,033 ) ( 4,238 ) ( 2,815 ) ( 4,905 ) Translation adjustments 5 388 193 ( 1,246 ) Ending Balance $ 57,448 $ 48,041 $ 57,448 $ 48,041

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Nov. 30, 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 November 30, 2023 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 395,961 $ 221,486 $ 469,353 $ 145,956 $ 1,232,756 Foreign Canada 70,181 25,301 39,601 1,303 136,386 Europe 126,915 58,452 57,646 20,905 263,918 Latin America 68,693 8,572 7,127 701 85,093 Asia Pacific - 33,852 4,960 8,117 46,929 Other Foreign - 27,193 - - 27,193 Total Foreign 265,789 153,370 109,334 31,026 559,519 Total $ 661,750 $ 374,856 $ 578,687 $ 176,982 $ 1,792,275 Three Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 379,722 $ 214,738 $ 504,108 $ 179,160 $ 1,277,728 Foreign Canada 65,344 22,311 44,832 1,061 133,548 Europe 115,785 57,012 49,507 20,033 242,337 Latin America 51,592 10,640 7,365 334 69,931 Asia Pacific - 28,058 4,547 11,496 44,101 Other Foreign - 24,063 - - 24,063 Total Foreign 232,721 142,084 106,251 32,924 513,980 Total $ 612,443 $ 356,822 $ 610,359 $ 212,084 $ 1,791,708 Six Months Ended November 30, 2023 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 905,294 $ 447,814 $ 1,020,106 $ 299,719 $ 2,672,933 Foreign Canada 149,342 49,547 85,941 2,432 287,262 Europe 254,871 122,122 118,512 41,381 536,886 Latin America 135,032 17,713 14,142 1,316 168,203 Asia Pacific - 63,185 9,590 13,085 85,860 Other Foreign - 52,988 - - 52,988 Total Foreign 539,245 305,555 228,185 58,214 1,131,199 Total $ 1,444,539 $ 753,369 $ 1,248,291 $ 357,933 $ 3,804,132 Six Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 843,130 $ 438,408 $ 1,054,727 $ 352,023 $ 2,688,288 Foreign Canada 135,482 44,973 89,082 2,047 271,584 Europe 232,980 113,720 103,125 42,158 491,983 Latin America 107,264 20,122 13,551 740 141,677 Asia Pacific - 57,111 9,366 17,813 84,290 Other Foreign - 46,206 - - 46,206 Total Foreign 475,726 282,132 215,124 62,758 1,035,740 Total $ 1,318,856 $ 720,540 $ 1,269,851 $ 414,781 $ 3,724,028 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2023 2022 2023 2022 CPG Segment $ 98,398 $ 74,038 $ 238,850 $ 180,793 PCG Segment 61,502 46,709 106,323 96,110 Consumer Segment 98,066 93,873 229,895 210,562 SPG Segment 10,145 27,431 26,542 55,316 Corporate/Other ( 72,287 ) ( 66,916 ) ( 136,632 ) ( 142,525 ) Consolidated $ 195,824 $ 175,135 $ 464,978 $ 400,256 (In thousands) November 30, May 31, Identifiable Assets 2023 2023 CPG Segment $ 2,082,505 $ 2,206,403 PCG Segment 1,199,277 1,209,819 Consumer Segment 2,232,354 2,384,782 SPG Segment 774,212 804,762 Corporate/Other 249,029 176,238 Consolidated $ 6,537,377 $ 6,782,004

Consolidation, Noncontrolling_2

Consolidation, Noncontrolling Interests and Basis of Presentation - Additional Information (Detail)	Nov. 30, 2023
Accounting Policies [Abstract]
Percentage of controlled subsidiary's earnings	100%

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($)		3 Months Ended			6 Months Ended
		Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Restructuring Cost And Reserve [Line Items]
Additions charged to expense		$ 1,239,000		$ 1,272,000	$ 7,737,000	$ 2,626,000
MAP to Growth
Restructuring Cost And Reserve [Line Items]
Restructuring costs		$ 0		$ 1,200,000	$ 0	$ 2,600,000
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]		Additions charged to expense		Additions charged to expense	Additions charged to expense	Additions charged to expense
MAP 2025
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount					$ 16,500,000
Additions charged to expense		$ 1,239,000			7,737,000
MAP 2025 | Performance Coatings Segment
Restructuring Cost And Reserve [Line Items]
Additions charged to expense		306,000			5,722,000
MAP 2025 | Severance and benefit charges
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount					1,000,000
Additions charged to expense		1,117,000			3,016,000
MAP 2025 | Severance and benefit charges | Performance Coatings Segment
Restructuring Cost And Reserve [Line Items]
Additions charged to expense		213,000			1,044,000
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount					15,500,000
Additions charged to expense		122,000			166,000
MAP 2025 | Facility Closure and Other Related Costs | Performance Coatings Segment
Restructuring Cost And Reserve [Line Items]
Additions charged to expense		93,000			123,000
MAP 2025 | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Additions charged to expense		0			4,555,000
MAP 2025 | Other Restructuring Costs | Performance Coatings Segment
Restructuring Cost And Reserve [Line Items]
Additions charged to expense	[1]	0			4,555,000
MAP 2025 | Other Restructuring Costs | Performance Coatings Segment | Tradename
Restructuring Cost And Reserve [Line Items]
Impairment of indefinite-lived assets		$ 0	$ 3,300,000		$ 3,300,000
USL Restructuring | Universal Sealants
Restructuring Cost And Reserve [Line Items]
Loss on sale of Bridgecare services division			$ 4,500,000
[1] Of the $ 4.6 million of other restructuring costs incurred for the six-month period ending November 30, 2023, $ 3.3 million is associated with the impairment of an indefinite-lived tradename described above.

Restructuring - Summary of Char

Restructuring - Summary of Charges Recorded in Connection with Restructuring by Reportable Segment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Restructuring Cost and Reserve [Line Items]
Current Year Charges		$ 1,239	$ 1,272	$ 7,737	$ 2,626
MAP 2025
Restructuring Cost and Reserve [Line Items]
Current Year Charges		1,239		7,737
Cumulative Costs to Date		19,397		19,397
Total Expected Costs		51,243		51,243
MAP 2025 | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		1,117		3,016
Cumulative Costs to Date		11,518		11,518
Total Expected Costs		22,261		22,261
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		122		166
Cumulative Costs to Date		787		787
Total Expected Costs		21,890		21,890
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0		4,555
Cumulative Costs to Date		7,092		7,092
Total Expected Costs		7,092		7,092
MAP 2025 | Construction Products Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		387		802
Cumulative Costs to Date		6,894		6,894
Total Expected Costs		32,414		32,414
MAP 2025 | Construction Products Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		387		802
Cumulative Costs to Date		6,894		6,894
Total Expected Costs		17,110		17,110
MAP 2025 | Construction Products Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0		0
Cumulative Costs to Date		0		0
Total Expected Costs		15,304		15,304
MAP 2025 | Performance Coatings Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		306		5,722
Cumulative Costs to Date		9,407		9,407
Total Expected Costs		10,584		10,584
MAP 2025 | Performance Coatings Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		213		1,044
Cumulative Costs to Date		2,192		2,192
Total Expected Costs		2,369		2,369
MAP 2025 | Performance Coatings Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		93		123
Cumulative Costs to Date		123		123
Total Expected Costs		1,123		1,123
MAP 2025 | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	[1]	0		4,555
Cumulative Costs to Date	[1]	7,092		7,092
Total Expected Costs	[1]	7,092		7,092
MAP 2025 | Consumer Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		35		49
Cumulative Costs to Date		1,177		1,177
Total Expected Costs		1,177		1,177
MAP 2025 | Consumer Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		35		35
Cumulative Costs to Date		542		542
Total Expected Costs		542		542
MAP 2025 | Consumer Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0		14
Cumulative Costs to Date		635		635
Total Expected Costs		635		635
MAP 2025 | Specialty Products Group Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		511		1,164
Cumulative Costs to Date		1,969		1,969
Total Expected Costs		7,118		7,118
MAP 2025 | Specialty Products Group Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		482		1,135
Cumulative Costs to Date		1,940		1,940
Total Expected Costs		2,290		2,290
MAP 2025 | Specialty Products Group Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		29		29
Cumulative Costs to Date		29		29
Total Expected Costs		4,828		4,828
MAP 2025 | Corporate/Other Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0		0
Cumulative Costs to Date		(50)		(50)
Total Expected Costs		(50)		(50)
MAP 2025 | Corporate/Other Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0		0
Cumulative Costs to Date		(50)		(50)
Total Expected Costs		$ (50)		$ (50)
[1] Of the $ 4.6 million of other restructuring costs incurred for the six-month period ending November 30, 2023, $ 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 ($)		3 Months Ended			6 Months Ended
		Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Restructuring Cost and Reserve [Line Items]
Current Year Charges		$ 1,239,000		$ 1,272,000	$ 7,737,000	$ 2,626,000
MAP 2025
Restructuring Cost and Reserve [Line Items]
Current Year Charges		1,239,000			7,737,000
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		0			4,555,000
MAP 2025 | Performance Coatings Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges		306,000			5,722,000
MAP 2025 | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	[1]	0			4,555,000
MAP 2025 | Performance Coatings Segment | Tradename | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Impairment of indefinite-lived assets		$ 0	$ 3,300,000		$ 3,300,000
[1] Of the $ 4.6 million of other restructuring costs incurred for the six-month period ending November 30, 2023, $ 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		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Restructuring Cost and Reserve [Line Items]
Additions charged to expense	$ 1,239	$ 1,272	$ 7,737	$ 2,626
MAP 2025
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,510		2,717
Additions charged to expense	1,239		7,737
Cash payments charged against reserve	(1,006)		(3,111)
Non-cash charges and other adjustments	62		(4,538)
Restructuring Reserve, Ending Balance	2,805		2,805
MAP 2025 | Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,510		2,717
Additions charged to expense	1,117		3,016
Cash payments charged against reserve	(884)		(2,945)
Non-cash charges and other adjustments	62		17
Restructuring Reserve, Ending Balance	2,805		2,805
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0		0
Additions charged to expense	122		166
Cash payments charged against reserve	(122)		(166)
Non-cash charges and other adjustments	0		0
Restructuring Reserve, Ending Balance	0		0
MAP 2025 | Other Asset Write-Offs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0		0
Additions charged to expense	0		4,555
Cash payments charged against reserve	0		0
Non-cash charges and other adjustments	0		(4,555)
Restructuring Reserve, Ending Balance	$ 0		$ 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	Nov. 30, 2023	May 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	$ 27,018	$ 27,162
Total marketable equity securities	135,065	121,153
Assets (liabilities) at fair value	159,785	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	26,881	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	1,146	786
Stocks | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	9,791	5,009
Mutual funds | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	42,103	40,074
Mutual funds | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	82,025	75,284
Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	(2,298)	(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	10,937	5,795
Assets (liabilities) at fair value	10,937	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	1,146	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	9,791	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	27,018	27,162
Total marketable equity securities	124,128	115,358
Assets (liabilities) at fair value	151,146	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	26,881	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	42,103	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	82,025	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	(2,298)	(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	$ (2,298)	$ (2,686)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Fair Value Disclosures [Abstract]
Settlements of contingent consideration obligations	$ 1.1	$ 10.3
Increase in accrual related to acquisitions		$ 2.1

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	Nov. 30, 2023	May 31, 2023
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 262,746	$ 215,787
Long-term debt, including current portion	2,252,382	2,683,809
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	262,746	215,787
Long-term debt, including current portion	$ 2,064,051	$ 2,490,863

Investment (Income), Net - Inve

Investment (Income), Net - Investment (Income), Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Investment Income, Net [Abstract]
Interest (income)	$ (4,897)	$ (2,389)	$ (10,348)	$ (4,539)
Net loss (gain) on marketable securities	225	(3,794)	(6,226)	2,812
Dividend (income)	(617)	(668)	(1,154)	(1,460)
Investment (income), net	$ (5,289)	$ (6,851)	$ (17,728)	$ (3,187)

Investment (Income), Net - Net

Investment (Income), Net - Net Loss (Gain) on Marketable Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Net Loss (Gain) on Marketable Securities
Unrealized losses (gains) on marketable equity securities	$ 103	$ (3,754)	$ (6,424)	$ 2,759
Realized losses (gains) on marketable equity securities	87	(40)	132	89
Realized losses (gains) on available-for-sale debt securities	35		66	(36)
Net loss (gain) on marketable securities	$ 225	$ (3,794)	$ (6,226)	$ 2,812

Other Expense, Net - Schedule o

Other Expense, Net - Schedule of Other Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Other Income and Expenses [Abstract]
Pension non-service costs	$ 2,785	$ 2,486	$ 5,566	$ 5,002
Other	32	(176)	(195)	(276)
Other expense, net	$ 2,817	$ 2,310	$ 5,371	$ 4,726

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Effective income tax expense rate	25.50%	24.90%	25.30%	24.80%
Corporate income tax rate	21%	21%	21%	21%
Deferred income tax liability	$ 5,400,000		$ 5,400,000
Unremitted foreign earnings	290,300,000		290,300,000
Provision for deferred income taxes	$ 0		$ 0

Inventories - Major Classes of

Inventories - Major Classes of Inventories, Net of Reserves (Detail) - USD ($) $ in Thousands	Nov. 30, 2023	May 31, 2023
Inventory Disclosure [Abstract]
Raw material and supplies	$ 405,098	$ 451,504
Finished goods	697,717	683,992
Total Inventory, Net of Reserves	$ 1,102,815	$ 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				6 Months Ended
	Jan. 31, 2021	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2023	Nov. 30, 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	$ 292,300				$ 292,300		$ 600,000
Stock repurchase program expiration date	May 31, 2021
Shares repurchased		131,858		0		254,283	303,079
Shares repurchased, value		$ 12,500	$ 12,500		$ 25,000	$ 25,000	$ 25,000
Repurchase of common stock price per shares		$ 94.8				$ 98.32	$ 82.49

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 2,282,836	$ 1,997,602	$ 2,143,000	$ 1,983,828
Ending Balance	2,362,554	2,092,085	2,362,554	2,092,085
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(456,536)	(474,367)	(465,375)	(395,473)
Current period comprehensive income (loss)	(673)	8,579	9,117	(71,936)
Income taxes associated with current period comprehensive (loss) income	632	570	(319)	2,191
Ending Balance	(456,577)	(465,218)	(456,577)	(465,218)
Pension And Other Postretirement Benefit Liability Adjustments, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(145,600)	(149,111)	(148,764)	(153,383)
Amounts reclassified from accumulated other comprehensive income (loss)	4,500	4,623	8,622	10,326
Income taxes reclassified into earnings	(1,054)	(1,074)	(2,012)	(2,505)
Ending Balance	(142,154)	(145,562)	(142,154)	(145,562)
Unrealized Gain (Loss) On Derivatives, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	11,405	12,565	11,405	13,171
Amounts reclassified from accumulated other comprehensive income (loss)		(605)		(1,211)
Ending Balance	11,405	11,960	11,405	11,960
Unrealized Gain (Loss) On Securities, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(2,458)	(1,992)	(2,201)	(1,652)
Current period comprehensive income (loss)	150	(331)	67	(802)
Income taxes associated with current period comprehensive (loss) income	(16)	117	(61)	211
Amounts reclassified from accumulated other comprehensive income (loss)	(45)	(20)	(179)	22
Income taxes reclassified into earnings	5		10	(5)
Ending Balance	(2,364)	(2,226)	(2,364)	(2,226)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(593,189)	(612,905)	(604,935)	(537,337)
Current period comprehensive income (loss)	(523)	8,248	9,184	(72,738)
Income taxes associated with current period comprehensive (loss) income	616	687	(380)	2,402
Amounts reclassified from accumulated other comprehensive income (loss)	4,455	3,998	8,443	9,137
Income taxes reclassified into earnings	(1,049)	(1,074)	(2,002)	(2,510)
Ending Balance	$ (589,690)	$ (601,046)	$ (589,690)	$ (601,046)

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		6 Months Ended
		Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders		$ 145,505	$ 131,344	$ 346,587	$ 300,357
Less: Allocation of earnings and dividends to participating securities		(707)	(676)	(1,597)	(1,466)
Net income available to common shareholders - basic		144,798	130,668	344,990	298,891
Reverse: Allocation of earnings and dividends to participating securities		0	676	0	1,466
Add: Undistributed earnings reallocated to unvested shareholders		2	0	4	0
Net income available to common shareholders - diluted		$ 144,800	$ 131,344	$ 344,994	$ 300,357
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,758	127,585	127,816	127,600
Average diluted options and awards		491	1,326	496	1,287
Total shares for diluted earnings per share	[1]	128,249	128,911	128,312	128,887
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock		$ 1.13	$ 1.02	$ 2.7	$ 2.34
Method used to calculate basic earnings per share		Two-class	Two-class	Two-class	Two-class
Diluted Earnings Per Share of Common Stock		$ 1.13	$ 1.02	$ 2.69	$ 2.33
Method used to calculate diluted earnings per share		Two-class	Treasury	Two-class	Treasury
[1] For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2022, approximately 700,000 and 720,000 shares of stock 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		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 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	360,000	700,000	280,000	720,000

Pension Plans - Retirement-Rela

Pension Plans - Retirement-Related Benefit Plans' Impact on Income Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 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	$ 21,826	$ 21,780
Interest cost	8,992	7,173	17,984	14,346
Expected return on plan assets	(10,518)	(9,536)	(21,036)	(19,072)
Prior service cost (credit)	1		2
Net actuarial (gains) losses recognized	4,205	4,487	8,410	8,974
Net Periodic Benefit Cost	13,593	13,014	27,186	26,028
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	887	951	1,774	1,902
Interest cost	1,935	1,728	3,870	3,456
Expected return on plan assets	(2,400)	(1,727)	(4,800)	(3,454)
Prior service cost (credit)	(31)	(27)	(62)	(54)
Net actuarial (gains) losses recognized	209	125	418	250
Net Periodic Benefit Cost	600	1,050	1,200	2,100
Postretirement Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	22	21	44	42
Prior service cost (credit)		(30)		(60)
Net actuarial (gains) losses recognized	(4)	11	(8)	22
Net Periodic Benefit Cost	18	2	36	4
Postretirement Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	569	287	1,138	574
Interest cost	390	368	780	736
Net actuarial (gains) losses recognized	(12)	(14)	(24)	(28)
Net Periodic Benefit Cost	$ 947	$ 641	$ 1,894	$ 1,282

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		6 Months Ended
		Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Beginning Balance		$ 12,002	$ 12,500	$ 11,776	$ 10,905
Deductions	[1]	(9,977)	(8,160)	(17,384)	(14,504)
Provision charged to expense		10,626	7,169	18,259	15,108
Ending Balance		$ 12,651	$ 11,509	$ 12,651	$ 11,509
[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		6 Months Ended
	Nov. 15, 2023	Dec. 10, 2021	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022	May 31, 2023
Loss Contingencies [Line Items]
New jury awarded damages value to distributor		$ 6,000
Accrued losses			$ 34,881		$ 34,881		$ 26,470
Selling, general and administrative expense			523,289	$ 490,607	1,054,321	$ 975,812
Gain on business interruption insurance recovery			$ 800		$ 11,100
Gain on Business Interruption Insurance Recovery, Statement of Income or Comprehensive Income [Extensible Enumeration]			Selling, general and administrative expense		Selling, general and administrative expense
Subsidiary's Appeal, Including Available Contractual Arguments
Loss Contingencies [Line Items]
Attorney's fees and costs awarding the distributor	$ 4,400
Accrued losses			$ 10,400		$ 10,400
Judicial Ruling
Loss Contingencies [Line Items]
Selling, general and administrative expense			$ 4,000		$ 4,400

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023 USD ($)	Nov. 30, 2022 USD ($)	Nov. 30, 2023 USD ($) Segment	Nov. 30, 2022 USD ($)	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			$ 2,956
Contract liabilities, revenue recognized	$ 7,200	$ 5,500	28,500	$ 18,400
Long-term deferred revenue	$ 79,500		$ 79,500		$ 76,600

Revenue - Summary of Trade Acco

Revenue - Summary of Trade Accounts Receivable Net of Allowances and Net Contract Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2023	May 31, 2023
Disaggregation Of Revenue [Line Items]
Trade accounts receivable, less allowances	$ 1,233,340	$ 1,503,040
Contract assets	52,603	49,188
Contract liabilities - short-term	(42,855)	(42,396)
Net Contract Assets	9,748	$ 6,792
Change in Contract with Customer, Asset and Liability [Abstract]
Change in trade accounts receivable, less allowances	(269,700)
Change in contract assets	3,415
Change in Net Contract Assets (Liabilities)	$ 2,956
Percentage of change in trade accounts receivable, less allowances	(17.90%)
Percentage of change in contract assets	6.90%
Short-term
Change in Contract with Customer, Asset and Liability [Abstract]
Change in contract liabilities	$ (459)
Percentage of change in contract liabilities	1.10%

Revenue - Summary of Activity f

Revenue - Summary of Activity for Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Accounts receivable, allowance for credit loss [Roll Forward]
Beginning balance	$ 56,584	$ 46,775	$ 49,482	$ 46,669
Bad debt provision	2,892	5,116	10,588	7,523
Uncollectible accounts written off, net of recoveries	(2,033)	(4,238)	(2,815)	(4,905)
Translation adjustments	5	388	193	(1,246)
Ending balance	$ 57,448	$ 48,041	$ 57,448	$ 48,041

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions		6 Months Ended
	Jun. 01, 2023 USD ($)	Nov. 30, 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		6 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022	May 31, 2023
Segment Reporting Information [Line Items]
Net Sales	$ 1,792,275	$ 1,791,708	$ 3,804,132	$ 3,724,028
Income (Loss) Before Income Taxes	195,824	175,135	464,978	400,256
Identifiable Assets	6,537,377		6,537,377		$ 6,782,004
Domestic
Segment Reporting Information [Line Items]
Net Sales	1,232,756	1,277,728	2,672,933	2,688,288
Foreign
Segment Reporting Information [Line Items]
Net Sales	559,519	513,980	1,131,199	1,035,740
Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	136,386	133,548	287,262	271,584
Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	263,918	242,337	536,886	491,983
Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	85,093	69,931	168,203	141,677
Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	46,929	44,101	85,860	84,290
Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	27,193	24,063	52,988	46,206
Operating Segments | CPG Segment
Segment Reporting Information [Line Items]
Net Sales	661,750	612,443	1,444,539	1,318,856
Income (Loss) Before Income Taxes	98,398	74,038	238,850	180,793
Identifiable Assets	2,082,505		2,082,505		2,206,403
Operating Segments | CPG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	395,961	379,722	905,294	843,130
Operating Segments | CPG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	265,789	232,721	539,245	475,726
Operating Segments | CPG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	70,181	65,344	149,342	135,482
Operating Segments | CPG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	126,915	115,785	254,871	232,980
Operating Segments | CPG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	68,693	51,592	135,032	107,264
Operating Segments | PCG Segment
Segment Reporting Information [Line Items]
Net Sales	374,856	356,822	753,369	720,540
Income (Loss) Before Income Taxes	61,502	46,709	106,323	96,110
Identifiable Assets	1,199,277		1,199,277		1,209,819
Operating Segments | PCG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	221,486	214,738	447,814	438,408
Operating Segments | PCG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	153,370	142,084	305,555	282,132
Operating Segments | PCG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	25,301	22,311	49,547	44,973
Operating Segments | PCG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	58,452	57,012	122,122	113,720
Operating Segments | PCG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	8,572	10,640	17,713	20,122
Operating Segments | PCG Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	33,852	28,058	63,185	57,111
Operating Segments | PCG Segment | Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	27,193	24,063	52,988	46,206
Operating Segments | Consumer Segment
Segment Reporting Information [Line Items]
Net Sales	578,687	610,359	1,248,291	1,269,851
Income (Loss) Before Income Taxes	98,066	93,873	229,895	210,562
Identifiable Assets	2,232,354		2,232,354		2,384,782
Operating Segments | Consumer Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	469,353	504,108	1,020,106	1,054,727
Operating Segments | Consumer Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	109,334	106,251	228,185	215,124
Operating Segments | Consumer Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	39,601	44,832	85,941	89,082
Operating Segments | Consumer Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	57,646	49,507	118,512	103,125
Operating Segments | Consumer Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	7,127	7,365	14,142	13,551
Operating Segments | Consumer Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	4,960	4,547	9,590	9,366
Operating Segments | SPG Segments
Segment Reporting Information [Line Items]
Net Sales	176,982	212,084	357,933	414,781
Income (Loss) Before Income Taxes	10,145	27,431	26,542	55,316
Identifiable Assets	774,212		774,212		804,762
Operating Segments | SPG Segments | Domestic
Segment Reporting Information [Line Items]
Net Sales	145,956	179,160	299,719	352,023
Operating Segments | SPG Segments | Foreign
Segment Reporting Information [Line Items]
Net Sales	31,026	32,924	58,214	62,758
Operating Segments | SPG Segments | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	1,303	1,061	2,432	2,047
Operating Segments | SPG Segments | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	20,905	20,033	41,381	42,158
Operating Segments | SPG Segments | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	701	334	1,316	740
Operating Segments | SPG Segments | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	8,117	11,496	13,085	17,813
Corporate/Other
Segment Reporting Information [Line Items]
Income (Loss) Before Income Taxes	(72,287)	$ (66,916)	(136,632)	$ (142,525)
Identifiable Assets	$ 249,029		$ 249,029		$ 176,238

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - Term Loan - USD ($) $ in Millions		6 Months Ended
	Dec. 27, 2023	Nov. 30, 2023
Subsequent Event [Line Items]
Term loan, maturity date		Aug. 01, 2025
Subsequent Event
Subsequent Event [Line Items]
Principal outstanding on term loan, prepaid	$ 250