RPM International (RPM) 10-Q 7 Jan 25 2025 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2024	Dec. 26, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2024
Document Fiscal Year Focus	2025
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		128,568,280
Title of 12(b) Security	Common Stock, par value $0.01

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2024	May 31, 2024
Current Assets
Cash and cash equivalents	$ 268,683	$ 237,379
Trade accounts receivable (less allowances of $52,671 and $48,763, respectively)	1,290,536	1,419,445
Inventories	995,262	956,465
Prepaid expenses and other current assets	326,155	282,059
Total current assets	2,880,636	2,895,348
Property, Plant and Equipment, at Cost	2,615,862	2,515,847
Allowance for depreciation	(1,238,798)	(1,184,784)
Property, plant and equipment, net	1,377,064	1,331,063
Other Assets
Goodwill	1,341,129	1,308,911
Other intangible assets, net of amortization	512,568	512,972
Operating lease right-of-use assets	353,706	331,555
Deferred income taxes	35,945	33,522
Other	182,022	173,172
Total other assets	2,425,370	2,360,132
Total Assets	6,683,070	6,586,543
Current Liabilities
Accounts payable	672,921	649,650
Current portion of long-term debt	6,060	136,213
Accrued compensation and benefits	213,999	297,249
Accrued losses	35,126	32,518
Other accrued liabilities	365,781	350,434
Total current liabilities	1,293,887	1,466,064
Long-Term Liabilities
Long-term debt, less current maturities	2,019,846	1,990,935
Operating lease liabilities	304,517	281,281
Other long-term liabilities	244,891	214,816
Deferred income taxes	102,279	121,222
Total long-term liabilities	2,671,533	2,608,254
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 146,211 and outstanding 128,568 as of November 30, 2024; issued 145,779 and outstanding 128,629 as of May 31, 2024	1,286	1,286
Paid-in capital	1,164,301	1,150,751
Treasury stock, at cost	(915,818)	(864,502)
Accumulated other comprehensive (loss)	(580,763)	(537,290)
Retained earnings	3,047,021	2,760,639
Total RPM International Inc. stockholders' equity	2,716,027	2,510,884
Noncontrolling Interest	1,623	1,341
Total equity	2,717,650	2,512,225
Total Liabilities and Stockholders' Equity	$ 6,683,070	$ 6,586,543

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2024	May 31, 2024
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 52,671	$ 48,763
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	146,211,000	145,779,000
Common stock, outstanding	128,568,000	128,629,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Income Statement [Abstract]
Net Sales		$ 1,845,318	$ 1,792,275	$ 3,814,107	$ 3,804,132
Cost of Sales		1,080,774	1,044,047	2,212,890	2,227,287
Gross Profit		764,544	748,228	1,601,217	1,576,845
Selling, General and Administrative Expenses		529,836	523,289	1,055,982	1,054,321
Restructuring Expense		7,557	1,239	14,759	7,737
Interest Expense		23,177	30,348	47,611	62,166
Investment (Income), Net		(8,526)	(5,289)	(19,552)	(17,728)
Other (Income) Expense, Net		(482)	2,817	(1,016)	5,371
Income Before Income Taxes		212,982	195,824	503,433	464,978
Provision for Income Taxes		29,532	50,009	91,429	117,850
Net Income		183,450	145,815	412,004	347,128
Less: Net Income Attributable to Noncontrolling Interests		246	310	1,108	541
Net Income Attributable to RPM International Inc. Stockholders		$ 183,204	$ 145,505	$ 410,896	$ 346,587
Average Number of Shares of Common Stock Outstanding:
Basic		127,658	127,758	127,675	127,816
Diluted	[1]	128,344	128,249	128,392	128,312
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic		$ 1.43	$ 1.13	$ 3.21	$ 2.70
Diluted		$ 1.42	$ 1.13	$ 3.19	$ 2.69
[1] The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the three and six months ended November 30, 2024, approximately 300,000 and 230,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 183,450	$ 145,815	$ 412,004	$ 347,128
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments, net of tax	(42,341)	(44)	(46,113)	8,809
Pension and other postretirement benefit liability adjustments, net of tax	2,200	3,446	2,058	6,610
Unrealized (loss) gain on securities, net of tax	(47)	94	586	(163)
Total other comprehensive (loss) income	(40,188)	3,496	(43,469)	15,256
Total Comprehensive Income	143,262	149,311	368,535	362,384
Less: Comprehensive Income Attributable to Noncontrolling Interests	231	307	1,112	552
Comprehensive Income Attributable to RPM International Inc. Stockholders	$ 143,031	$ 149,004	$ 367,423	$ 361,832

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Cash Flows from Operating Activities:
Net Income	$ 412,004	$ 347,128
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	92,743	84,177
Deferred income taxes	(31,252)	(5,574)
Stock-based compensation expense	13,549	17,147
Net (gain) on marketable securities	(10,684)	(6,226)
Net loss on sales of assets and businesses	0	3,623
Other	(335)	4,007
Changes in assets and liabilities, net of effect from purchases and sales of businesses:
Decrease in receivables	122,603	272,262
(Increase) decrease in inventory	(42,981)	37,243
(Increase) decrease in prepaid expenses and other current and long-term assets	(11,193)	21,260
Increase (decrease) in accounts payable	34,364	(11,806)
(Decrease) in accrued compensation and benefits	(84,929)	(53,980)
Increase in accrued losses	2,827	8,332
Increase in other accrued liabilities	30,792	50,188
Cash Provided by Operating Activities	527,508	767,781
Cash Flows from Investing Activities:
Capital expenditures	(100,732)	(89,300)
Acquisition of businesses, net of cash acquired	(85,649)	(15,404)
Purchase of marketable securities	(23,533)	(22,057)
Proceeds from sales of marketable securities	12,802	13,796
Other	(1,424)	1,326
Cash (Used for) Investing Activities	(198,536)	(111,639)
Cash Flows from Financing Activities:
Additions to long-term and short-term debt	25,086	0
Reductions of long-term and short-term debt	(134,022)	(449,485)
Cash dividends	(124,514)	(113,325)
Repurchases of common stock	(35,000)	(25,000)
Shares of common stock returned for taxes	(16,150)	(20,689)
Payments of acquisition-related contingent consideration	(1,122)	(1,082)
Other	(689)	(713)
Cash (Used for) Financing Activities	(286,411)	(610,294)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(11,257)	1,111
Net Change in Cash and Cash Equivalents	31,304	46,959
Cash and Cash Equivalents at Beginning of Period	237,379	215,787
Cash and Cash Equivalents at End of Period	268,683	262,746
Cash paid during the period for:
Interest	47,989	61,586
Income Taxes, net of refunds	129,963	124,518
Supplemental Disclosures of Noncash Investing Activities:
Capital expenditures accrued within accounts payable at quarter-end	$ 16,406	$ 12,463

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, 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 (loss) income	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 (loss) income	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 (loss) income	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
Beginning Balance at May. 31, 2024	2,512,225	$ 1,286	1,150,751	(864,502)	(537,290)	2,760,639	2,510,884	1,341
Beginning Balance (in shares) at May. 31, 2024		128,629,000
Net income	228,554					227,692	227,692	862
Other comprehensive (loss) income	(3,281)				(3,300)		(3,300)	19
Dividends declared and paid	(58,892)					(58,892)	(58,892)
Other noncontrolling interest activity	(122)							(122)
Share repurchases under repurchase program	(17,500)	$ (1)	1	(17,500)			(17,500)
Share repurchases under repurchase program (in shares)		(152,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	(9,457)	$ 2	6,225	(15,684)			(9,457)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		225,000
Ending Balance at Aug. 31, 2024	2,651,527	$ 1,287	1,156,977	(897,686)	(540,590)	2,929,439	2,649,427	2,100
Ending Balance (in shares) at Aug. 31, 2024		128,702,000
Beginning Balance at May. 31, 2024	2,512,225	$ 1,286	1,150,751	(864,502)	(537,290)	2,760,639	2,510,884	1,341
Beginning Balance (in shares) at May. 31, 2024		128,629,000
Net income	412,004
Other comprehensive (loss) income	(43,469)
Share repurchases under repurchase program	$ (35,000)
Share repurchases under repurchase program (in shares)	(281,015)
Ending Balance at Nov. 30, 2024	$ 2,717,650	$ 1,286	1,164,301	(915,818)	(580,763)	3,047,021	2,716,027	1,623
Ending Balance (in shares) at Nov. 30, 2024		128,568,000
Beginning Balance at Aug. 31, 2024	2,651,527	$ 1,287	1,156,977	(897,686)	(540,590)	2,929,439	2,649,427	2,100
Beginning Balance (in shares) at Aug. 31, 2024		128,702,000
Net income	183,450					183,204	183,204	246
Other comprehensive (loss) income	(40,188)				(40,173)		(40,173)	(15)
Dividends declared and paid	(65,622)					(65,622)	(65,622)
Other noncontrolling interest activity	(708)							(708)
Share repurchases under repurchase program	$ (17,500)
Share repurchases under repurchase program (in shares)	(128,869)
Share repurchases under repurchase program and related excise tax	$ (17,478)	$ (1)	1	(17,478)			(17,478)
Share repurchases under repurchase program and related excise tax (in Shares)		(129,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	6,669		7,323	(654)			6,669
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		(5,000)
Ending Balance at Nov. 30, 2024	$ 2,717,650	$ 1,286	$ 1,164,301	$ (915,818)	$ (580,763)	$ 3,047,021	$ 2,716,027	$ 1,623
Ending Balance (in shares) at Nov. 30, 2024		128,568,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared and paid per share	$ 0.51	$ 0.46	$ 0.46	$ 0.42

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 183,204	$ 145,505	$ 410,896	$ 346,587

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Consolidation, Noncontrolling I

Consolidation, Noncontrolling Interests and Basis of Presentation	6 Months Ended
	Nov. 30, 2024
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, 2024 and 2023. 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, 2024. 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, 2024
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	NOTE 2 — NEW ACCOUNTING PRONOUNCEMENTS New Pronouncements Adopted In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50)," which is intended to establish disclosures that enhance the transparency of a supplier finance program used by an entity in connection with the purchase of goods and services. This guidance requires annual and interim disclosure of the key terms of outstanding supplier finance programs, the amount outstanding under such programs including where they are recorded on the balance sheet, and a roll-forward of the related obligations. The new standard does not affect the recognition, measurement, or financial statement presentation of the supplier finance program obligations. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on roll-forward information, which is effective for fiscal years beginning after December 15, 2023. We adopted the new standard on June 1, 2023 , on a retrospective basis other than the roll-forward guidance, which we plan to adopt on a prospective basis beginning with our fiscal 2025 annual financial statements. As of adoption on June 1, 2023, we did no t have any material supplier finance program obligations; however, we began such an arrangement during the fourth quarter of fiscal 2024. Refer to Note 14, “Supply Chain Financing,” to the Consolidated Financial Statements. New Pronouncements Issued In November 2024, the FASB issued ASU 2024-03, " Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)." Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard provides guidance to expand disclosures related to the disaggregation of income statement expenses. The standard requires, in the notes to the financial statements, disclosure of specified information about certain costs and expenses which includes purchases of inventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. This guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. We are currently evaluating this ASU to determine its impact on our disclosures. In December 2023, the 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, on a retrospective or prospective basis. 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, 2024
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. In August 2022, we approved and announced our Margin Achievement Plan 2025 (“MAP 2025”), which is a multi-year restructuring plan designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix, pricing discipline 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 decreased approximately $ 0.9 million compared to our prior quarter estimate, attributable to decreases in expected facility closure and other related costs of $ 1.6 million and increases in expected severance and benefit charges of $ 0.7 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 During the quarter ended August 31, 2023, we recognized a loss on sale of $ 4.5 million in connection with the divestiture of USL’s Bridgecare services division. The Bridgecare division was a contracting business focused on the installation of joints and waterproofing in the UK. The loss on this sale was included in selling, general and administrative ("SG&A") expenses in our Consolidated Statements of Income and net loss on sales of assets and businesses in our Consolidated Statements of Cash Flows. Additionally, during the quarter ended August 31, 2023, in connection with MAP 2025, we realigned certain businesses and management structures within our segments. Within our PCG segment, certain businesses of our USL reporting unit were transferred to our Fibergrate, Carboline and Stonhard reporting units. As a result of this change in our market strategy, we performed an interim impairment assessment of the USL indefinite-lived tradename. Calculating the fair value of the USL’s indefinite-lived tradename required the use of various estimates and assumptions. We estimated the fair value of USL’s indefinite-lived tradename by applying a relief-from-royalty calculation, which included discounted future cash flows related to projected revenues impacted by this decision. In applying this methodology, we relied on a number of factors, including actual and forecasted revenues and market data. As the carrying amount of the tradename exceeded its fair value, an impairment loss of $ 3.3 million was recorded for the three months ended August 31, 2023. This impairment loss was classified as restructuring expense within our PCG segment. Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment for the three- and six-month periods ending November 30, 2024, as well as the total expected costs related to projects identified to date: Three Months Six Months Cumulative Total (In thousands) November 30, 2024 November 30, 2024 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs $ 938 $ 1,828 $ 17,031 $ 20,306 Facility closure and other related costs 294 670 1,278 6,498 Total Charges $ 1,232 $ 2,498 $ 18,309 $ 26,804 Performance Coatings Group ("PCG") Segment: Severance and benefit costs $ 917 $ 1,067 $ 4,926 $ 5,491 Facility closure and other related costs 7 12 184 1,493 Other restructuring costs - - 7,092 7,092 Total Charges $ 924 $ 1,079 $ 12,202 $ 14,076 Consumer Segment: Severance and benefit costs $ 3,418 $ 7,356 $ 17,129 $ 18,014 Facility closure and other related costs 437 457 1,234 2,198 Total Charges $ 3,855 $ 7,813 $ 18,363 $ 20,212 Specialty Products Group ("SPG") Segment: Severance and benefit costs $ 409 $ 1,890 $ 5,589 $ 5,629 Facility closure and other related costs 1,137 1,479 2,014 3,078 Total Charges $ 1,546 $ 3,369 $ 7,603 $ 8,707 Corporate/Other Segment: Severance and benefit (credits) $ - $ - $ ( 50 ) $ ( 50 ) Total Charges $ - $ - $ ( 50 ) $ ( 50 ) Consolidated: Severance and benefit costs $ 5,682 $ 12,141 $ 44,625 $ 49,390 Facility closure and other related costs 1,875 2,618 4,710 13,267 Other restructuring costs - - 7,092 7,092 Total Charges $ 7,557 $ 14,759 $ 56,427 $ 69,749 Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment for the three- and six-month periods ending November 30, 2023: Three Months Six Months (In thousands) November 30, 2023 November 30, 2023 CPG Segment: Severance and benefit costs $ 387 $ 802 Total Charges $ 387 $ 802 PCG Segment: Severance and benefit costs $ 213 $ 1,044 Facility closure and other related costs 93 123 Other restructuring costs (a) - 4,555 Total Charges $ 306 $ 5,722 Consumer Segment: Severance and benefit costs $ 35 $ 35 Facility closure and other related costs - 14 Total Charges $ 35 $ 49 SPG Segment: Severance and benefit costs $ 482 $ 1,135 Facility closure and other related costs 29 29 Total Charges $ 511 $ 1,164 Consolidated: Severance and benefit costs $ 1,117 $ 3,016 Facility closure and other related costs 122 166 Other restructuring costs - 4,555 Total Charges $ 1,239 $ 7,737 (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 as 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, 2024 $ 16,611 $ 25 $ - $ 16,636 Additions charged to expense 5,682 1,875 - 7,557 Cash payments charged against reserve ( 3,960 ) ( 1,611 ) - ( 5,571 ) Non-cash charges and other adjustments ( 708 ) - - ( 708 ) Balance at November 30, 2024 $ 17,625 $ 289 $ - $ 17,914 (In thousands) Severance and Facility Other Asset Total Balance at June 1, 2024 $ 17,351 $ 18 $ - $ 17,369 Additions charged to expense 12,141 2,618 - 14,759 Cash payments charged against reserve ( 11,403 ) ( 2,347 ) - ( 13,750 ) Non-cash charges and other adjustments ( 464 ) - - ( 464 ) Balance at November 30, 2024 $ 17,625 $ 289 $ - $ 17,914 (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, 2024
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 $ - $ 23,120 $ - $ 23,120 Corporate bonds - 143 - 143 Total available-for-sale debt securities - 23,263 - 23,263 Marketable equity securities: Stocks – foreign 1,688 - - 1,688 Stocks – domestic 10,223 - - 10,223 Mutual funds – foreign - 44,127 - 44,127 Mutual funds – domestic - 97,946 - 97,946 Total marketable equity securities 11,911 142,073 - 153,984 Total $ 11,911 $ 165,336 $ - $ 177,247 (In thousands) Quoted Prices Assets Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 26,559 $ - $ 26,559 Corporate bonds - 138 - 138 Total available-for-sale debt securities - 26,697 - 26,697 Marketable equity securities: Stocks – foreign 1,518 - - 1,518 Stocks – domestic 9,028 - - 9,028 Mutual funds – foreign - 39,114 - 39,114 Mutual funds – domestic - 77,966 - 77,966 Total marketable equity securities 10,546 117,080 - 127,626 Contingent consideration - - ( 2,229 ) ( 2,229 ) Total $ 10,546 $ 143,777 $ ( 2,229 ) $ 152,094 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 2025, we paid approximately $ 2.2 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 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 fiscal 2024. 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, 2024 and May 31, 2024, 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 long-term debt as of November 30, 2024 and May 31, 2024 is as follows: At November 30, 2024 (In thousands) Carrying Value Fair Value Long-term debt, including current portion $ 2,025,906 $ 1,944,328 At May 31, 2024 (In thousands) Carrying Value Fair Value Long-term debt, including current portion 2,127,148 1,979,359

Investment (Income), Net

Investment (Income), Net	6 Months Ended
	Nov. 30, 2024
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) 2024 2023 2024 2023 Interest (income) $ ( 3,080 ) $ ( 4,897 ) $ ( 7,063 ) $ ( 10,348 ) Net (gain) loss on marketable securities ( 4,713 ) 225 ( 10,684 ) ( 6,226 ) Dividend (income) ( 733 ) ( 617 ) ( 1,805 ) ( 1,154 ) Investment (income), net $ ( 8,526 ) $ ( 5,289 ) $ ( 19,552 ) $ ( 17,728 ) Net (Gain) Loss on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2024 2023 2024 2023 Unrealized (gains) losses on marketable equity securities $ ( 4,727 ) $ 103 $ ( 10,505 ) $ ( 6,424 ) Realized (gains) losses on marketable equity securities ( 70 ) 87 ( 265 ) 132 Realized losses on available-for-sale debt securities 84 35 86 66 Net (gain) loss on marketable securities $ ( 4,713 ) $ 225 $ ( 10,684 ) $ ( 6,226 )

Other (Income) Expense, Net

Other (Income) Expense, Net	6 Months Ended
	Nov. 30, 2024
Other Income and Expenses [Abstract]
Other (Income) Expense, Net	NOTE 6 — OTHER (INCOME) EXPENSE, NET Other (income) expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2024 2023 2024 2023 Pension non-service (credits) costs $ ( 25 ) $ 2,785 $ ( 52 ) $ 5,566 Other ( 457 ) 32 ( 964 ) ( 195 ) Other (income) expense, net $ ( 482 ) $ 2,817 $ ( 1,016 ) $ 5,371

Income Taxes

Income Taxes	6 Months Ended
	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 — INCOME TAXES The effective income tax rate of 13.9 % for the three months ended November 30, 2024 compares to the effective income tax rate of 25.5 % for the three months ended November 30, 2023. The effective income tax rate of 18.2 % for the six months ended November 30, 2024 compares to the effective income tax rate of 25.3 % for the six months ended November 30, 2023. The effective income tax rates for the three- and six-month periods ended November 30, 2024 and 2023 reflect variances from the 21 % statutory rate due 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 and foreign tax credits. Additionally, the effective income tax rate for the current three- and six-month periods ended November 30, 2024, reflect adjustments made to our deferred income taxes. During the quarter ended November 30, 2024, we reassessed certain of our income tax positions following recent developments in U.S. income tax case law. Based on our current analysis and interpretations, we recorded a gross favorable income tax adjustment of $ 43.9 million which reflects an increase in our deferred income tax assets for U.S. foreign tax credit carryforwards. Further, we assessed our ability to fully realize the deferred income tax assets associated with these incremental U.S. foreign tax credits during the respective carryforward periods. As of November 30, 2024, we concluded that a valuation allowance of $ 22.1 million should be recorded. The valuation allowance reduces the benefit for the aforementioned gross deferred tax asset adjustment to a net amount of $ 21.8 million, which reflects our current estimate of the amount of the deferred tax asset for these credits we expect to realize during the carryforward periods. The effective income tax rate for the six-month period ended November 30, 2024, also reflects a favorable adjustment for incremental U.S. foreign tax credits associated with a distribution of historic foreign earnings that were previously not considered to be permanently reinvested. The distribution of such earnings was done in conjunction with the execution of global cash redeployment and debt optimization projects. Our deferred tax liability for unremitted foreign earnings was adjusted to $ 4.1 million as of May 31, 2024. The $ 4.1 million represented our estimate of the net tax cost of remitting of $ 285.6 million of foreign earnings that were not considered to be permanently reinvested. As of November 30, 2024, the amount of these earnings has changed to $ 157.2 million and we no longer have a tax liability associated with remitting these earnings. The reduction to the earnings amounts no longer permanently reinvested is due principally to distributions of such earnings during the quarter. 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, 2024. 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. The Organization for Economic Co-operation and Development (“OECD”) has proposed a framework comprised of rules and models, collectively referred to as Pillar Two (“P2”), that are designed to ensure that certain multi-national enterprises pay a minimum tax rate of 15 % on reported profits arising in each jurisdiction where they operate. Although the OECD provided a framework for applying the minimum tax, individual countries have and may continue to enact P2 rules that are different than the OECD framework. While we continue to monitor P2 developments, we do not anticipate that P2 will have a material impact on our long-term financial position.

Inventories

Inventories	6 Months Ended
	Nov. 30, 2024
Inventory Disclosure [Abstract]
Inventories	NOTE 8 — INVENTORIES Inventories, net of reserves, were composed of the following major classes: (In thousands) November 30, 2024 May 31, 2024 Raw material and supplies $ 376,763 $ 354,428 Finished goods 618,499 602,037 Total Inventory, Net of Reserves $ 995,262 $ 956,465

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Nov. 30, 2024
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 the stock repurchases. 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, 2024, we repurchased 128,869 shares of our common stock at a cost of approximately $ 17.5 million, or an average of $ 135.79 per share, under this program. During the three months ended November 30, 2023, we repurchased 131,858 shares of our common stock at a cost of $ 12.5 million, or an average of $ 94.80 per share, under this program. During the six months ended November 30, 2024, we repurchased 281,015 shares of our common stock at a cost of approximately $ 35.0 million, or an average of $ 124.55 per share, under this program. During the six months ended November 30, 2023, we repurchased 254,283 shares of our common stock at a cost of $ 25.0 million, or an average of $ 98.32 per share, under this program. The maximum dollar amount that may yet be repurchased under our stock repurchase program was approximately $ 227.3 million at November 30, 2024.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss)	6 Months Ended
	Nov. 30, 2024
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, 2024 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at August 31, 2024 $ ( 465,638 ) $ ( 84,789 ) $ 11,405 $ ( 1,568 ) $ ( 540,590 ) Current period comprehensive (loss) income ( 42,679 ) - - 97 ( 42,582 ) Income taxes associated with current period comprehensive income (loss) 353 - - ( 23 ) 330 Amounts reclassified from accumulated other comprehensive income (loss) - 2,968 - ( 141 ) 2,827 Income taxes reclassified into earnings - ( 768 ) - 20 ( 748 ) Balance at November 30, 2024 $ ( 507,964 ) $ ( 82,589 ) $ 11,405 $ ( 1,615 ) $ ( 580,763 ) 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) Six Months Ended November 30, 2024 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at June 1, 2024 $ ( 461,847 ) $ ( 84,647 ) $ 11,405 $ ( 2,201 ) $ ( 537,290 ) Current period comprehensive (loss) income ( 43,958 ) ( 1,521 ) - 896 ( 44,583 ) Income taxes associated with current period comprehensive (loss) income ( 69 ) - - ( 82 ) ( 151 ) Amounts reclassified from accumulated other comprehensive income (loss) - 4,734 - ( 265 ) 4,469 Income taxes reclassified into earnings ( 2,090 ) ( 1,155 ) - 37 ( 3,208 ) Balance at November 30, 2024 $ ( 507,964 ) $ ( 82,589 ) $ 11,405 $ ( 1,615 ) $ ( 580,763 ) 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 (loss) income ( 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 )

Earnings Per Share

Earnings Per Share	6 Months Ended
	Nov. 30, 2024
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, 2024 and 2023. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2024 2023 2024 2023 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 183,204 $ 145,505 $ 410,896 $ 346,587 Less: Allocation of earnings and dividends to participating securities ( 739 ) ( 707 ) ( 1,615 ) ( 1,597 ) Net income available to common shareholders - basic 182,465 144,798 409,281 344,990 Add: Undistributed earnings reallocated to unvested shareholders 3 2 7 4 Net income available to common shareholders - diluted $ 182,468 $ 144,800 $ 409,288 $ 344,994 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,658 127,758 127,675 127,816 Average diluted options and awards 686 491 717 496 Total shares for diluted earnings per share (1) 128,344 128,249 128,392 128,312 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.43 $ 1.13 $ 3.21 $ 2.70 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.42 $ 1.13 $ 3.19 $ 2.69 Method used to calculate diluted earnings per share Two-class Two-class Two-class Two-class (1) The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the three and six months ended November 30, 2024, approximately 300,000 and 230,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Pension Plans

Pension Plans	6 Months Ended
	Nov. 30, 2024
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, 2024 and 2023: 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 2024 2023 2024 2023 Service cost $ 10,804 $ 10,913 $ 1,120 $ 887 Interest cost 9,795 8,992 1,963 1,935 Expected return on plan assets ( 12,017 ) ( 10,518 ) ( 2,376 ) ( 2,400 ) Amortization of: Prior service cost (credit) 1 1 ( 32 ) ( 31 ) Net actuarial losses recognized 2,153 4,205 294 209 Net Periodic Benefit Cost $ 10,736 $ 13,593 $ 969 $ 600 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 2024 2023 2024 2023 Service cost $ - $ - $ 425 $ 569 Interest cost 21 22 318 390 Amortization of: Net actuarial (gains) recognized ( 6 ) ( 4 ) ( 140 ) ( 12 ) Net Periodic Benefit Cost $ 15 $ 18 $ 603 $ 947 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 2024 2023 2024 2023 Service cost $ 21,608 $ 21,826 $ 2,240 $ 1,774 Interest cost 19,590 17,984 3,926 3,870 Expected return on plan assets ( 24,034 ) ( 21,036 ) ( 4,752 ) ( 4,800 ) Amortization of: Prior service cost (credit) 1 2 ( 64 ) ( 62 ) Net actuarial losses recognized 4,306 8,410 588 418 Net Periodic Benefit Cost $ 21,471 $ 27,186 $ 1,938 $ 1,200 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 2024 2023 2024 2023 Service cost $ - $ - $ 850 $ 1,138 Interest cost 42 44 636 780 Amortization of: Net actuarial (gains) recognized ( 12 ) ( 8 ) ( 280 ) ( 24 ) Net Periodic Benefit Cost $ 30 $ 36 $ 1,206 $ 1,894 Net periodic pension cost for fiscal 2025 is less than our fiscal 2024 cost due to an increase in expected return on plan assets and a reduction in the amortization of the net actuarial loss to be recognized. 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 are required and expect to contribute approximately $ 5.9 million to plans outside the U.S. during the current fiscal year and we will evaluate whether to make additional contributions to plans in the U.S. and outside the U.S. throughout fiscal 2025.

Contingencies and Accrued Losse

Contingencies and Accrued Losses	6 Months Ended
	Nov. 30, 2024
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, 2024, 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) 2024 2023 2024 2023 Beginning Balance $ 11,190 $ 12,002 $ 11,621 $ 11,776 Deductions (1) ( 8,459 ) ( 9,977 ) ( 14,601 ) ( 17,384 ) Provision charged to expense 8,947 10,626 14,658 18,259 Ending Balance $ 11,678 $ 12,651 $ 11,678 $ 12,651 (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. On December 19, 2024, a subsidiary in our Consumer segment received informal notification from the U.S. Environmental Protection Agency of the agency's intent to issue a civil penalty for alleged violation of the Toxic Substances Control Act Section 6 regulatory standard related to 2021 sales of a consumer product allegedly containing a regulated substance. Based on information currently known, we are not able to estimate the outcome of this matter or a possible range of loss, if any. 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 as of November 30, 2023. On December 27, 2023, we paid the $ 6.0 million judgment, and then decreased our accrual to approximately $ 4.4 million. However, because we strongly disagree with the District Court's order awarding attorneys’ fees and costs to the distributor, we timely filed an appeal of this order with the Ninth Circuit Court of Appeals, which remains pending. This contingency remains a liability of the Company. One of our subsidiaries in our Consumer reportable segment has been the subject of a lawsuit filed in the United States District Court for the District of Oregon in which a former supplier of that subsidiary alleged that the subsidiary breached certain contractual obligations, misappropriated trade secrets, and committed fraud in connection with an Exclusive Sales Agreement and a Mutual Settlement Agreement and Release executed in November 2015 and 2017, respectively. Our subsidiary denied, and continues to deny, these allegations. A jury trial commenced in this matter on September 17, 2024 . On September 27, 2024, the jury rendered a verdict against our subsidiary for $ 190.0 million, consisting of both compensatory and punitive damages. We believe that the jury verdict is not supported by the facts of the case or applicable law, is the result of significant trial error, and there are strong grounds for appeal. The District Court has not yet entered any judgment against our subsidiary in relation to the verdict. Once entered, we intend to vigorously challenge the verdict and judgment through appropriate post-trial motions and appellate processes. As a result, we believe that the likelihood that the amount of the judgment will be affirmed is not probable. We currently estimate a range of possible outcomes between approximately $ 0.5 million and $ 190.0 million, and we accrued a liability as of August 31, 2024, at the low end of the range, as no amount within the range is a better estimate than any other amount. This amount is reflected in accrued losses, and selling, general and administrative expenses in our consolidated financial statements as of and for the six-month period ended November 30, 2024. The ultimate loss to the Company with respect to the litigation matter could be materially different from the amount the Company has accrued. The Company cannot predict or estimate the duration or ultimate outcome of this matter. 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. No such proceeds were received during the first half of fiscal 2025. The insurance gains are 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.

Supply Chain Financing

Supply Chain Financing	6 Months Ended
	Nov. 30, 2024
Payables and Accruals [Abstract]
Supply Chain Financing	NOTE 14 — SUPPLY CHAIN FINANCING During the fourth quarter of 2024, we began offering a supplier finance program with a financial institution, in which suppliers may elect to receive early payment from the financial institution on invoices issued to RPM. The financial institution enters into separate arrangements with suppliers directly to participate in the program. We do not determine the terms or conditions of such arrangements or participate in the transactions between the suppliers and the financial institution. There are no assets pledged by RPM under the supplier finance program. Our responsibility is limited to making payments to the financial institution based on payment terms originally negotiated with the suppliers, regardless of whether the financial institution pays the supplier in advance of the original due date. The range of payment terms RPM negotiates with suppliers are consistent, regardless of whether a supplier participates in the supply chain finance program. RPM or the financial institution may terminate participation in the program upon at least 30 days ’ notice. The total amount due to the financial institution to settle supplier invoices under the supply chain finance program was $ 22.9 million and $ 32.9 million as of November 30, 2024 and May 31, 2024, respectively. These amounts are included within accounts payable on the Consolidated Balance Sheets.

Revenue

Revenue	6 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 15 — 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 16, “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, 2024 May 31, 2024 $ Change % Change Trade accounts receivable, less allowances $ 1,290,536 $ 1,419,445 $ ( 128,909 ) ( 9.1 %) Contract assets $ 65,908 $ 57,833 $ 8,075 14.0 % Contract liabilities - short-term ( 42,997 ) ( 44,996 ) 1,999 ( 4.4 %) Net Contract Assets $ 22,911 $ 12,837 $ 10,074 The $ 10.1 million increase in our net contract assets from May 31, 2024 to November 30, 2024, resulted primarily due to the timing of construction jobs in progress at November 30, 2024 versus May 31, 2024. During the three- and six-month periods ending November 30, 2024, we recognized $ 10.5 million and $ 33.1 million of revenue, which was included in contract liabilities as of May 31, 2024. During the three- and six-month periods ending November 30, 2023, we recognized $ 7.2 million and $ 28.5 million of revenue, which was included in contract liabilities as of May 31, 2023. We also record long-term deferred revenue, which amounted to $ 82.8 million and $ 81.7 million as of November 30, 2024 and May 31, 2024, 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, 2024 and 2023: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2024 2023 2024 2023 Beginning Balance $ 49,106 $ 56,584 $ 48,763 $ 49,482 Bad debt provision 5,981 2,892 6,928 10,588 Uncollectible accounts written off, net of recoveries ( 1,429 ) ( 2,033 ) ( 2,215 ) ( 2,815 ) Translation adjustments ( 987 ) 5 ( 805 ) 193 Ending Balance $ 52,671 $ 57,448 $ 52,671 $ 57,448

Segment Information

Segment Information	6 Months Ended
	Nov. 30, 2024
Segment Reporting [Abstract]
Segment Information	NOTE 16 — 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. Our CPG reportable segment products and services are sold throughout North America and also account for a significant portion of our international sales. Our construction product lines are sold directly to manufacturers, contractors, distributors and end-users, including industrial manufacturing facilities, concrete and cement producers, 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, parking decks, insulated cladding, firestopping, flooring systems, and weatherproofing solutions. Our PCG reportable segment products and services 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 DIY products for a variety of mainly residential 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 SPG 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 restoration services equipment, colorants, nail enamels, factory applied industrial coatings, preservation products, and edible coatings and specialty glazes for pharmaceutical and food industries. 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, 2024 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 432,088 $ 227,455 $ 476,656 $ 154,304 $ 1,290,503 Foreign Canada 71,793 23,218 39,760 1,286 136,057 Europe 127,235 58,830 61,247 19,645 266,957 Latin America 59,000 10,304 6,872 828 77,004 Asia Pacific - 29,950 5,712 8,789 44,451 Other Foreign - 30,346 - - 30,346 Total Foreign 258,028 152,648 113,591 30,548 554,815 Total $ 690,116 $ 380,103 $ 590,247 $ 184,852 $ 1,845,318 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 Six Months Ended November 30, 2024 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 970,981 $ 451,025 $ 986,324 $ 303,659 $ 2,711,989 Foreign Canada 147,123 48,018 85,905 2,205 283,251 Europe 248,425 116,135 123,116 38,054 525,730 Latin America 117,578 19,455 12,821 1,608 151,462 Asia Pacific - 59,394 10,555 13,891 83,840 Other Foreign - 57,835 - - 57,835 Total Foreign 513,126 300,837 232,397 55,758 1,102,118 Total $ 1,484,107 $ 751,862 $ 1,218,721 $ 359,417 $ 3,814,107 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 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2024 2023 2024 2023 CPG Segment $ 105,652 $ 98,398 $ 262,650 $ 238,850 PCG Segment 63,773 61,502 128,065 106,323 Consumer Segment 88,311 98,066 196,461 229,895 SPG Segment 16,694 10,145 31,897 26,542 Corporate/Other ( 61,448 ) ( 72,287 ) ( 115,640 ) ( 136,632 ) Consolidated $ 212,982 $ 195,824 $ 503,433 $ 464,978 (In thousands) November 30, May 31, Identifiable Assets 2024 2024 CPG Segment $ 2,214,350 $ 2,160,352 PCG Segment 1,316,716 1,164,165 Consumer Segment 2,184,107 2,283,370 SPG Segment 752,414 733,646 Corporate/Other 215,483 245,010 Consolidated $ 6,683,070 $ 6,586,543

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Nov. 30, 2024
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, 2024 and 2023. 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, 2024. 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 In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50)," which is intended to establish disclosures that enhance the transparency of a supplier finance program used by an entity in connection with the purchase of goods and services. This guidance requires annual and interim disclosure of the key terms of outstanding supplier finance programs, the amount outstanding under such programs including where they are recorded on the balance sheet, and a roll-forward of the related obligations. The new standard does not affect the recognition, measurement, or financial statement presentation of the supplier finance program obligations. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on roll-forward information, which is effective for fiscal years beginning after December 15, 2023. We adopted the new standard on June 1, 2023 , on a retrospective basis other than the roll-forward guidance, which we plan to adopt on a prospective basis beginning with our fiscal 2025 annual financial statements. As of adoption on June 1, 2023, we did no t have any material supplier finance program obligations; however, we began such an arrangement during the fourth quarter of fiscal 2024. Refer to Note 14, “Supply Chain Financing,” to the Consolidated Financial Statements. New Pronouncements Issued In November 2024, the FASB issued ASU 2024-03, " Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)." Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard provides guidance to expand disclosures related to the disaggregation of income statement expenses. The standard requires, in the notes to the financial statements, disclosure of specified information about certain costs and expenses which includes purchases of inventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. This guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. We are currently evaluating this ASU to determine its impact on our disclosures. In December 2023, the 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, on a retrospective or prospective basis. 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, 2024
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 for the three- and six-month periods ending November 30, 2024, as well as the total expected costs related to projects identified to date: Three Months Six Months Cumulative Total (In thousands) November 30, 2024 November 30, 2024 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs $ 938 $ 1,828 $ 17,031 $ 20,306 Facility closure and other related costs 294 670 1,278 6,498 Total Charges $ 1,232 $ 2,498 $ 18,309 $ 26,804 Performance Coatings Group ("PCG") Segment: Severance and benefit costs $ 917 $ 1,067 $ 4,926 $ 5,491 Facility closure and other related costs 7 12 184 1,493 Other restructuring costs - - 7,092 7,092 Total Charges $ 924 $ 1,079 $ 12,202 $ 14,076 Consumer Segment: Severance and benefit costs $ 3,418 $ 7,356 $ 17,129 $ 18,014 Facility closure and other related costs 437 457 1,234 2,198 Total Charges $ 3,855 $ 7,813 $ 18,363 $ 20,212 Specialty Products Group ("SPG") Segment: Severance and benefit costs $ 409 $ 1,890 $ 5,589 $ 5,629 Facility closure and other related costs 1,137 1,479 2,014 3,078 Total Charges $ 1,546 $ 3,369 $ 7,603 $ 8,707 Corporate/Other Segment: Severance and benefit (credits) $ - $ - $ ( 50 ) $ ( 50 ) Total Charges $ - $ - $ ( 50 ) $ ( 50 ) Consolidated: Severance and benefit costs $ 5,682 $ 12,141 $ 44,625 $ 49,390 Facility closure and other related costs 1,875 2,618 4,710 13,267 Other restructuring costs - - 7,092 7,092 Total Charges $ 7,557 $ 14,759 $ 56,427 $ 69,749 Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment for the three- and six-month periods ending November 30, 2023: Three Months Six Months (In thousands) November 30, 2023 November 30, 2023 CPG Segment: Severance and benefit costs $ 387 $ 802 Total Charges $ 387 $ 802 PCG Segment: Severance and benefit costs $ 213 $ 1,044 Facility closure and other related costs 93 123 Other restructuring costs (a) - 4,555 Total Charges $ 306 $ 5,722 Consumer Segment: Severance and benefit costs $ 35 $ 35 Facility closure and other related costs - 14 Total Charges $ 35 $ 49 SPG Segment: Severance and benefit costs $ 482 $ 1,135 Facility closure and other related costs 29 29 Total Charges $ 511 $ 1,164 Consolidated: Severance and benefit costs $ 1,117 $ 3,016 Facility closure and other related costs 122 166 Other restructuring costs - 4,555 Total Charges $ 1,239 $ 7,737 (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 as 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, 2024 $ 16,611 $ 25 $ - $ 16,636 Additions charged to expense 5,682 1,875 - 7,557 Cash payments charged against reserve ( 3,960 ) ( 1,611 ) - ( 5,571 ) Non-cash charges and other adjustments ( 708 ) - - ( 708 ) Balance at November 30, 2024 $ 17,625 $ 289 $ - $ 17,914 (In thousands) Severance and Facility Other Asset Total Balance at June 1, 2024 $ 17,351 $ 18 $ - $ 17,369 Additions charged to expense 12,141 2,618 - 14,759 Cash payments charged against reserve ( 11,403 ) ( 2,347 ) - ( 13,750 ) Non-cash charges and other adjustments ( 464 ) - - ( 464 ) Balance at November 30, 2024 $ 17,625 $ 289 $ - $ 17,914 (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, 2024
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 $ - $ 23,120 $ - $ 23,120 Corporate bonds - 143 - 143 Total available-for-sale debt securities - 23,263 - 23,263 Marketable equity securities: Stocks – foreign 1,688 - - 1,688 Stocks – domestic 10,223 - - 10,223 Mutual funds – foreign - 44,127 - 44,127 Mutual funds – domestic - 97,946 - 97,946 Total marketable equity securities 11,911 142,073 - 153,984 Total $ 11,911 $ 165,336 $ - $ 177,247 (In thousands) Quoted Prices Assets Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 26,559 $ - $ 26,559 Corporate bonds - 138 - 138 Total available-for-sale debt securities - 26,697 - 26,697 Marketable equity securities: Stocks – foreign 1,518 - - 1,518 Stocks – domestic 9,028 - - 9,028 Mutual funds – foreign - 39,114 - 39,114 Mutual funds – domestic - 77,966 - 77,966 Total marketable equity securities 10,546 117,080 - 127,626 Contingent consideration - - ( 2,229 ) ( 2,229 ) Total $ 10,546 $ 143,777 $ ( 2,229 ) $ 152,094
Fair Value and Carrying Value of Long-Term Debt	Based on the analysis performed, the fair value and the carrying value of our long-term debt as of November 30, 2024 and May 31, 2024 is as follows: At November 30, 2024 (In thousands) Carrying Value Fair Value Long-term debt, including current portion $ 2,025,906 $ 1,944,328 At May 31, 2024 (In thousands) Carrying Value Fair Value Long-term debt, including current portion 2,127,148 1,979,359

Investment (Income), Net (Table

Investment (Income), Net (Tables)	6 Months Ended
	Nov. 30, 2024
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) 2024 2023 2024 2023 Interest (income) $ ( 3,080 ) $ ( 4,897 ) $ ( 7,063 ) $ ( 10,348 ) Net (gain) loss on marketable securities ( 4,713 ) 225 ( 10,684 ) ( 6,226 ) Dividend (income) ( 733 ) ( 617 ) ( 1,805 ) ( 1,154 ) Investment (income), net $ ( 8,526 ) $ ( 5,289 ) $ ( 19,552 ) $ ( 17,728 )
Net (Gain) Loss on Marketable Securities	Net (Gain) Loss on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2024 2023 2024 2023 Unrealized (gains) losses on marketable equity securities $ ( 4,727 ) $ 103 $ ( 10,505 ) $ ( 6,424 ) Realized (gains) losses on marketable equity securities ( 70 ) 87 ( 265 ) 132 Realized losses on available-for-sale debt securities 84 35 86 66 Net (gain) loss on marketable securities $ ( 4,713 ) $ 225 $ ( 10,684 ) $ ( 6,226 )

Other (Income) Expense, Net (Ta

Other (Income) Expense, Net (Tables)	6 Months Ended
	Nov. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Other (Income) Expense, Net	Other (income) expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2024 2023 2024 2023 Pension non-service (credits) costs $ ( 25 ) $ 2,785 $ ( 52 ) $ 5,566 Other ( 457 ) 32 ( 964 ) ( 195 ) Other (income) expense, net $ ( 482 ) $ 2,817 $ ( 1,016 ) $ 5,371

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 30, 2024
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, 2024 May 31, 2024 Raw material and supplies $ 376,763 $ 354,428 Finished goods 618,499 602,037 Total Inventory, Net of Reserves $ 995,262 $ 956,465

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) (Tables)	6 Months Ended
	Nov. 30, 2024
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, 2024 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at August 31, 2024 $ ( 465,638 ) $ ( 84,789 ) $ 11,405 $ ( 1,568 ) $ ( 540,590 ) Current period comprehensive (loss) income ( 42,679 ) - - 97 ( 42,582 ) Income taxes associated with current period comprehensive income (loss) 353 - - ( 23 ) 330 Amounts reclassified from accumulated other comprehensive income (loss) - 2,968 - ( 141 ) 2,827 Income taxes reclassified into earnings - ( 768 ) - 20 ( 748 ) Balance at November 30, 2024 $ ( 507,964 ) $ ( 82,589 ) $ 11,405 $ ( 1,615 ) $ ( 580,763 ) 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) Six Months Ended November 30, 2024 Translation Liability (Loss) On On (In thousands) Adjustments Adjustments Derivatives Securities Total Balance at June 1, 2024 $ ( 461,847 ) $ ( 84,647 ) $ 11,405 $ ( 2,201 ) $ ( 537,290 ) Current period comprehensive (loss) income ( 43,958 ) ( 1,521 ) - 896 ( 44,583 ) Income taxes associated with current period comprehensive (loss) income ( 69 ) - - ( 82 ) ( 151 ) Amounts reclassified from accumulated other comprehensive income (loss) - 4,734 - ( 265 ) 4,469 Income taxes reclassified into earnings ( 2,090 ) ( 1,155 ) - 37 ( 3,208 ) Balance at November 30, 2024 $ ( 507,964 ) $ ( 82,589 ) $ 11,405 $ ( 1,615 ) $ ( 580,763 ) 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 (loss) income ( 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 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Nov. 30, 2024
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, 2024 and 2023. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2024 2023 2024 2023 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 183,204 $ 145,505 $ 410,896 $ 346,587 Less: Allocation of earnings and dividends to participating securities ( 739 ) ( 707 ) ( 1,615 ) ( 1,597 ) Net income available to common shareholders - basic 182,465 144,798 409,281 344,990 Add: Undistributed earnings reallocated to unvested shareholders 3 2 7 4 Net income available to common shareholders - diluted $ 182,468 $ 144,800 $ 409,288 $ 344,994 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,658 127,758 127,675 127,816 Average diluted options and awards 686 491 717 496 Total shares for diluted earnings per share (1) 128,344 128,249 128,392 128,312 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.43 $ 1.13 $ 3.21 $ 2.70 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.42 $ 1.13 $ 3.19 $ 2.69 Method used to calculate diluted earnings per share Two-class Two-class Two-class Two-class (1) The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the three and six months ended November 30, 2024, approximately 300,000 and 230,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Pension Plans (Tables)

Pension Plans (Tables)	6 Months Ended
	Nov. 30, 2024
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, 2024 and 2023: 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 2024 2023 2024 2023 Service cost $ 10,804 $ 10,913 $ 1,120 $ 887 Interest cost 9,795 8,992 1,963 1,935 Expected return on plan assets ( 12,017 ) ( 10,518 ) ( 2,376 ) ( 2,400 ) Amortization of: Prior service cost (credit) 1 1 ( 32 ) ( 31 ) Net actuarial losses recognized 2,153 4,205 294 209 Net Periodic Benefit Cost $ 10,736 $ 13,593 $ 969 $ 600 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 2024 2023 2024 2023 Service cost $ - $ - $ 425 $ 569 Interest cost 21 22 318 390 Amortization of: Net actuarial (gains) recognized ( 6 ) ( 4 ) ( 140 ) ( 12 ) Net Periodic Benefit Cost $ 15 $ 18 $ 603 $ 947 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 2024 2023 2024 2023 Service cost $ 21,608 $ 21,826 $ 2,240 $ 1,774 Interest cost 19,590 17,984 3,926 3,870 Expected return on plan assets ( 24,034 ) ( 21,036 ) ( 4,752 ) ( 4,800 ) Amortization of: Prior service cost (credit) 1 2 ( 64 ) ( 62 ) Net actuarial losses recognized 4,306 8,410 588 418 Net Periodic Benefit Cost $ 21,471 $ 27,186 $ 1,938 $ 1,200 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 2024 2023 2024 2023 Service cost $ - $ - $ 850 $ 1,138 Interest cost 42 44 636 780 Amortization of: Net actuarial (gains) recognized ( 12 ) ( 8 ) ( 280 ) ( 24 ) Net Periodic Benefit Cost $ 30 $ 36 $ 1,206 $ 1,894

Contingencies and Accrued Los_2

Contingencies and Accrued Losses (Tables)	6 Months Ended
	Nov. 30, 2024
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) 2024 2023 2024 2023 Beginning Balance $ 11,190 $ 12,002 $ 11,621 $ 11,776 Deductions (1) ( 8,459 ) ( 9,977 ) ( 14,601 ) ( 17,384 ) Provision charged to expense 8,947 10,626 14,658 18,259 Ending Balance $ 11,678 $ 12,651 $ 11,678 $ 12,651 (1) Primarily claims paid during the period.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Trade Accounts Receivable Net of Allowances and Net Contract Assets	Trade accounts receivable, net of allowances, and net contract assets consisted of the following: (In thousands, except percentages) November 30, 2024 May 31, 2024 $ Change % Change Trade accounts receivable, less allowances $ 1,290,536 $ 1,419,445 $ ( 128,909 ) ( 9.1 %) Contract assets $ 65,908 $ 57,833 $ 8,075 14.0 % Contract liabilities - short-term ( 42,997 ) ( 44,996 ) 1,999 ( 4.4 %) Net Contract Assets $ 22,911 $ 12,837 $ 10,074
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, 2024 and 2023: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2024 2023 2024 2023 Beginning Balance $ 49,106 $ 56,584 $ 48,763 $ 49,482 Bad debt provision 5,981 2,892 6,928 10,588 Uncollectible accounts written off, net of recoveries ( 1,429 ) ( 2,033 ) ( 2,215 ) ( 2,815 ) Translation adjustments ( 987 ) 5 ( 805 ) 193 Ending Balance $ 52,671 $ 57,448 $ 52,671 $ 57,448

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Nov. 30, 2024
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, 2024 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 432,088 $ 227,455 $ 476,656 $ 154,304 $ 1,290,503 Foreign Canada 71,793 23,218 39,760 1,286 136,057 Europe 127,235 58,830 61,247 19,645 266,957 Latin America 59,000 10,304 6,872 828 77,004 Asia Pacific - 29,950 5,712 8,789 44,451 Other Foreign - 30,346 - - 30,346 Total Foreign 258,028 152,648 113,591 30,548 554,815 Total $ 690,116 $ 380,103 $ 590,247 $ 184,852 $ 1,845,318 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 Six Months Ended November 30, 2024 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 970,981 $ 451,025 $ 986,324 $ 303,659 $ 2,711,989 Foreign Canada 147,123 48,018 85,905 2,205 283,251 Europe 248,425 116,135 123,116 38,054 525,730 Latin America 117,578 19,455 12,821 1,608 151,462 Asia Pacific - 59,394 10,555 13,891 83,840 Other Foreign - 57,835 - - 57,835 Total Foreign 513,126 300,837 232,397 55,758 1,102,118 Total $ 1,484,107 $ 751,862 $ 1,218,721 $ 359,417 $ 3,814,107 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 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2024 2023 2024 2023 CPG Segment $ 105,652 $ 98,398 $ 262,650 $ 238,850 PCG Segment 63,773 61,502 128,065 106,323 Consumer Segment 88,311 98,066 196,461 229,895 SPG Segment 16,694 10,145 31,897 26,542 Corporate/Other ( 61,448 ) ( 72,287 ) ( 115,640 ) ( 136,632 ) Consolidated $ 212,982 $ 195,824 $ 503,433 $ 464,978 (In thousands) November 30, May 31, Identifiable Assets 2024 2024 CPG Segment $ 2,214,350 $ 2,160,352 PCG Segment 1,316,716 1,164,165 Consumer Segment 2,184,107 2,283,370 SPG Segment 752,414 733,646 Corporate/Other 215,483 245,010 Consolidated $ 6,683,070 $ 6,586,543

Consolidation, Noncontrolling_2

Consolidation, Noncontrolling Interests and Basis of Presentation - Additional Information (Detail)	Nov. 30, 2024
Accounting Policies [Abstract]
Percentage of controlled subsidiary's earnings	100%

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail) - ASU 2022-04	Nov. 30, 2024
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Change in accounting principle, accounting standards update, adoption date	Jun. 01, 2023

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2023
MAP 2025
Restructuring Cost And Reserve [Line Items]
Total expected costs decreased, amount		$ 0.9
MAP 2025 | Severance and benefit charges
Restructuring Cost And Reserve [Line Items]
Total expected costs increased, amount		0.7
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Total expected costs decreased, amount		$ 1.6
MAP 2025 | Other Restructuring Costs | Performance Coatings Segment | Trade name
Restructuring Cost And Reserve [Line Items]
Impairment of indefinite-lived assets	$ 3.3		$ 3.3
USL Restructuring | Universal Sealants
Restructuring Cost And Reserve [Line Items]
Loss on sale of Bridgecare services division	$ 4.5

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, 2024	Nov. 30, 2023		Nov. 30, 2024	Nov. 30, 2023
Restructuring Cost and Reserve [Line Items]
Current Year Charges	$ 7,557	$ 1,239		$ 14,759	$ 7,737
MAP 2025
Restructuring Cost and Reserve [Line Items]
Current Year Charges	7,557	1,239		14,759	7,737
Cumulative Costs to Date	56,427			56,427
Total Expected Costs	69,749			69,749
MAP 2025 | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges	5,682	1,117		12,141	3,016
Cumulative Costs to Date	44,625			44,625
Total Expected Costs	49,390			49,390
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	1,875	122		2,618	166
Cumulative Costs to Date	4,710			4,710
Total Expected Costs	13,267			13,267
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	0	0		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	1,232	387		2,498	802
Cumulative Costs to Date	18,309			18,309
Total Expected Costs	26,804			26,804
MAP 2025 | Construction Products Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges	938	387		1,828	802
Cumulative Costs to Date	17,031			17,031
Total Expected Costs	20,306			20,306
MAP 2025 | Construction Products Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	294			670
Cumulative Costs to Date	1,278			1,278
Total Expected Costs	6,498			6,498
MAP 2025 | Performance Coatings Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges	924	306		1,079	5,722
Cumulative Costs to Date	12,202			12,202
Total Expected Costs	14,076			14,076
MAP 2025 | Performance Coatings Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges	917	213		1,067	1,044
Cumulative Costs to Date	4,926			4,926
Total Expected Costs	5,491			5,491
MAP 2025 | Performance Coatings Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	7	93		12	123
Cumulative Costs to Date	184			184
Total Expected Costs	1,493			1,493
MAP 2025 | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	0	0	[1]	0	4,555	[1]
Cumulative Costs to Date	7,092			7,092
Total Expected Costs	7,092			7,092
MAP 2025 | Consumer Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges	3,855	35		7,813	49
Cumulative Costs to Date	18,363			18,363
Total Expected Costs	20,212			20,212
MAP 2025 | Consumer Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges	3,418	35		7,356	35
Cumulative Costs to Date	17,129			17,129
Total Expected Costs	18,014			18,014
MAP 2025 | Consumer Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	437			457	14
Cumulative Costs to Date	1,234			1,234
Total Expected Costs	2,198			2,198
MAP 2025 | Specialty Products Group Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges	1,546	511		3,369	1,164
Cumulative Costs to Date	7,603			7,603
Total Expected Costs	8,707			8,707
MAP 2025 | Specialty Products Group Segment | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Current Year Charges	409	482		1,890	1,135
Cumulative Costs to Date	5,589			5,589
Total Expected Costs	5,629			5,629
MAP 2025 | Specialty Products Group Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	1,137	29		1,479	29
Cumulative Costs to Date	2,014			2,014
Total Expected Costs	3,078			3,078
MAP 2025 | Corporate/Other Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges	0	1,239		0	7,737
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	1,117		0	3,016
Cumulative Costs to Date	(50)			(50)
Total Expected Costs	$ (50)			$ (50)
MAP 2025 | Corporate/Other Segment | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		122			166
MAP 2025 | Corporate/Other Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges		$ 0			$ 4,555
[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 as described above.

Restructuring - Summary of Ch_2

Restructuring - Summary of Charges Recorded in Connection with Restructuring by Reportable Segment (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023		Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2023
Restructuring Cost and Reserve [Line Items]
Current Year Charges	$ 7,557	$ 1,239			$ 14,759	$ 7,737
MAP 2025
Restructuring Cost and Reserve [Line Items]
Current Year Charges	7,557	1,239			14,759	7,737
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	0	0			0	4,555
MAP 2025 | Performance Coatings Segment
Restructuring Cost and Reserve [Line Items]
Current Year Charges	924	306			1,079	5,722
MAP 2025 | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Current Year Charges	$ 0	$ 0	[1]		$ 0	4,555	[1]
MAP 2025 | Performance Coatings Segment | Trade name | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Impairment of indefinite-lived assets				$ 3,300		$ 3,300
[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 as 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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Restructuring Cost and Reserve [Line Items]
Additions charged to expense	$ 7,557	$ 1,239	$ 14,759	$ 7,737
MAP 2025
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	16,636	2,510	17,369	2,717
Additions charged to expense	7,557	1,239	14,759	7,737
Cash payments charged against reserve	(5,571)	(1,006)	(13,750)	(3,111)
Non-cash charges and other adjustments	(708)	62	(464)	(4,538)
Restructuring Reserve, Ending Balance	17,914	2,805	17,914	2,805
MAP 2025 | Severance and benefit costs (credits)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	16,611	2,510	17,351	2,717
Additions charged to expense	5,682	1,117	12,141	3,016
Cash payments charged against reserve	(3,960)	(884)	(11,403)	(2,945)
Non-cash charges and other adjustments	(708)	62	(464)	17
Restructuring Reserve, Ending Balance	17,625	2,805	17,625	2,805
MAP 2025 | Facility Closure and Other Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	25	0	18	0
Additions charged to expense	1,875	122	2,618	166
Cash payments charged against reserve	(1,611)	(122)	(2,347)	(166)
Non-cash charges and other adjustments	0	0	0	0
Restructuring Reserve, Ending Balance	289	0	289	0
MAP 2025 | Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0	0	0
Additions charged to expense	0	0	0	4,555
Cash payments charged against reserve	0	0	0	0
Non-cash charges and other adjustments	0	0	0	(4,555)
Restructuring Reserve, Ending Balance	$ 0	$ 0	$ 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, 2024	May 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	$ 23,263	$ 26,697
Total marketable equity securities	153,984	127,626
Assets (liabilities) at fair value		152,094
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	23,120	26,559
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	143	138
Stocks | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	1,688	1,518
Stocks | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	10,223	9,028
Mutual funds | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	44,127	39,114
Mutual funds | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	97,946	77,966
Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		(2,229)
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	11,911	10,546
Assets (liabilities) at fair value	11,911	10,546
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	1,688	1,518
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	10,223	9,028
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	23,263	26,697
Total marketable equity securities	142,073	117,080
Assets (liabilities) at fair value	165,336	143,777
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	23,120	26,559
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	143	138
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	44,127	39,114
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	$ 97,946	77,966
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets (liabilities) at fair value		(2,229)
Significant Unobservable Inputs (Level 3) | Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		$ (2,229)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Fair Value Disclosures [Abstract]
Settlements of contingent consideration obligations	$ 2,200	$ 1,100

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value and Carrying Value of Long-Term Debt (Detail) - USD ($) $ in Thousands	Nov. 30, 2024	May 31, 2024
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 2,025,906	$ 2,127,148
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 1,944,328	$ 1,979,359

Investment (Income), Net - Inve

Investment (Income), Net - Investment (Income), Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Investment Income, Net [Abstract]
Interest (income)	$ (3,080)	$ (4,897)	$ (7,063)	$ (10,348)
Net (gain) loss on marketable securities	(4,713)	225	(10,684)	(6,226)
Dividend (income)	(733)	(617)	(1,805)	(1,154)
Investment (income), net	$ (8,526)	$ (5,289)	$ (19,552)	$ (17,728)

Investment (Income), Net - Net

Investment (Income), Net - Net (Gain) Loss on Marketable Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Net (Gain) Loss on Marketable Securities
Unrealized (gains) losses on marketable equity securities	$ (4,727)	$ 103	$ (10,505)	$ (6,424)
Realized (gains) losses on marketable equity securities	(70)	87	(265)	132
Realized losses on available-for-sale debt securities	84	35	86	66
Net (gain) loss on marketable securities	$ (4,713)	$ 225	$ (10,684)	$ (6,226)

Other (Income) Expense, Net - S

Other (Income) Expense, Net - Schedule of Other (Income) Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Other Income and Expenses [Abstract]
Pension non-service (credits) costs	$ (25)	$ 2,785	$ (52)	$ 5,566
Other	(457)	32	(964)	(195)
Other (income) expense, net	$ (482)	$ 2,817	$ (1,016)	$ 5,371

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024
Income Taxes [Line Items]
Effective income tax expense rate	13.90%	25.50%	18.20%	25.30%
Corporate income tax rate	21%	21%	21%	21%
Increase in deferred income tax assets	$ 43,900,000
Deferred tax assets adjusted net amount	21,800,000
Deferred income tax liability	0		$ 0		$ 4,100,000
Unremitted foreign earnings	157,200,000		157,200,000		$ 285,600,000
Provision for deferred income taxes	0		$ 0
Minimum tax rate on reported profits			15%
U.S. Foreign Tax Credits
Income Taxes [Line Items]
Deferred tax assets valuation allowance	$ 22,100,000		$ 22,100,000

Inventories - Major Classes of

Inventories - Major Classes of Inventories, Net of Reserves (Detail) - USD ($) $ in Thousands	Nov. 30, 2024	May 31, 2024
Inventory Disclosure [Abstract]
Raw material and supplies	$ 376,763	$ 354,428
Finished goods	618,499	602,037
Total Inventory, Net of Reserves	$ 995,262	$ 956,465

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, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2023	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	$ 227,300				$ 227,300		$ 600,000
Stock repurchase program expiration date	May 31, 2021
Shares repurchased		128,869		131,858		281,015	254,283
Shares repurchased, value		$ 17,500	$ 17,500	$ 12,500	$ 12,500	$ 35,000	$ 25,000
Repurchase of common stock price per shares		$ 135.79		$ 94.80		$ 124.55	$ 98.32

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 2,651,527	$ 2,282,836	$ 2,512,225	$ 2,143,000
Ending Balance	2,717,650	2,362,554	2,717,650	2,362,554
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(465,638)	(456,536)	(461,847)	(465,375)
Current period comprehensive (loss) income	(42,679)	(673)	(43,958)	9,117
Income taxes associated with current period comprehensive (loss) income	353	632	(69)	(319)
Income taxes reclassified into earnings			(2,090)
Ending Balance	(507,964)	(456,577)	(507,964)	(456,577)
Pension And Other Postretirement Benefit Liability Adjustments, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(84,789)	(145,600)	(84,647)	(148,764)
Current period comprehensive (loss) income			(1,521)
Amounts reclassified from accumulated other comprehensive income (loss)	2,968	4,500	4,734	8,622
Income taxes reclassified into earnings	(768)	(1,054)	(1,155)	(2,012)
Ending Balance	(82,589)	(142,154)	(82,589)	(142,154)
Unrealized Gain (Loss) On Derivatives, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	11,405	11,405	11,405	11,405
Ending Balance	11,405	11,405	11,405	11,405
Unrealized Gain (Loss) On Securities, Net of Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,568)	(2,458)	(2,201)	(2,201)
Current period comprehensive (loss) income	97	150	896	67
Income taxes associated with current period comprehensive (loss) income	(23)	(16)	(82)	(61)
Amounts reclassified from accumulated other comprehensive income (loss)	(141)	(45)	(265)	(179)
Income taxes reclassified into earnings	20	5	37	10
Ending Balance	(1,615)	(2,364)	(1,615)	(2,364)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(540,590)	(593,189)	(537,290)	(604,935)
Current period comprehensive (loss) income	(42,582)	(523)	(44,583)	9,184
Income taxes associated with current period comprehensive (loss) income	330	616	(151)	(380)
Amounts reclassified from accumulated other comprehensive income (loss)	2,827	4,455	4,469	8,443
Income taxes reclassified into earnings	(748)	(1,049)	(3,208)	(2,002)
Ending Balance	$ (580,763)	$ (589,690)	$ (580,763)	$ (589,690)

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Numerator for earnings per share:
Net Income (Loss)		$ 183,204	$ 145,505	$ 410,896	$ 346,587
Less: Allocation of earnings and dividends to participating securities		(739)	(707)	(1,615)	(1,597)
Net income available to common shareholders - basic		182,465	144,798	409,281	344,990
Add: Undistributed earnings reallocated to unvested shareholders		3	2	7	4
Net income available to common shareholders - diluted		$ 182,468	$ 144,800	$ 409,288	$ 344,994
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,658	127,758	127,675	127,816
Average diluted options and awards		686	491	717	496
Total shares for diluted earnings per share	[1]	128,344	128,249	128,392	128,312
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock		$ 1.43	$ 1.13	$ 3.21	$ 2.70
Method used to calculate basic earnings per share		Two-class	Two-class	Two-class	Two-class
Diluted Earnings Per Share of Common Stock		$ 1.42	$ 1.13	$ 3.19	$ 2.69
Method used to calculate diluted earnings per share		Two-class	Two-class	Two-class	Two-class
[1] The dilutive effect of performance-based restricted stock units is included when they have met minimum performance thresholds. The dilutive effect of SARs includes all outstanding awards except awards that are considered antidilutive. SARs are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. For the three and six months ended November 30, 2024, approximately 300,000 and 230,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the three and six months ended November 30, 2023, approximately 360,000 and 280,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Earnings Per Share - Reconcil_2

Earnings Per Share - Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
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	300,000	360,000	230,000	280,000

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Pension Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 10,804	$ 10,913	$ 21,608	$ 21,826
Interest cost	9,795	8,992	19,590	17,984
Expected return on plan assets	(12,017)	(10,518)	(24,034)	(21,036)
Prior service cost (credit)	1	1	1	2
Net actuarial (gains) losses recognized	2,153	4,205	4,306	8,410
Net Periodic Benefit Cost	10,736	13,593	21,471	27,186
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	1,120	887	2,240	1,774
Interest cost	1,963	1,935	3,926	3,870
Expected return on plan assets	(2,376)	(2,400)	(4,752)	(4,800)
Prior service cost (credit)	(32)	(31)	(64)	(62)
Net actuarial (gains) losses recognized	294	209	588	418
Net Periodic Benefit Cost	969	600	1,938	1,200
Postretirement Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	21	22	42	44
Net actuarial (gains) losses recognized	(6)	(4)	(12)	(8)
Net Periodic Benefit Cost	15	18	30	36
Postretirement Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	425	569	850	1,138
Interest cost	318	390	636	780
Net actuarial (gains) losses recognized	(140)	(12)	(280)	(24)
Net Periodic Benefit Cost	$ 603	$ 947	$ 1,206	$ 1,894

Pension Plans - Additional Info

Pension Plans - Additional Information (Detail) $ in Millions	May 31, 2024 USD ($)
Non-U.S. Plans | Pension Benefits
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Total expected contributions to pension plans	$ 5.9

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Beginning Balance		$ 11,190	$ 12,002	$ 11,621	$ 11,776
Deductions	[1]	(8,459)	(9,977)	(14,601)	(17,384)
Provision charged to expense		8,947	10,626	14,658	18,259
Ending Balance		$ 11,678	$ 12,651	$ 11,678	$ 12,651
[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
	Dec. 27, 2023	Nov. 15, 2023	Dec. 10, 2021	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Sep. 27, 2024	Aug. 31, 2024	May 31, 2024
Loss Contingencies [Line Items]
New jury awarded damages value to distributor			$ 6,000
Accrued losses				$ 35,126		$ 35,126				$ 32,518
Selling, general and administrative expense				529,836	$ 523,289	1,055,982	$ 1,054,321
Gain on business interruption insurance recovery					$ 800	$ 0	$ 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	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				$ 4,400	$ 10,400	$ 4,400	$ 10,400
Loss contingency, trial commencement date						Sep. 17, 2024
Loss contingency, compensatory and punitive damages								$ 190,000
Accrual payments	$ 6,000
Subsidiary's Appeal, Including Available Contractual Arguments | Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss									$ 500
Subsidiary's Appeal, Including Available Contractual Arguments | Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss									$ 190,000

Supply Chain Financing - Additi

Supply Chain Financing - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2024	May 31, 2024
Payables and Accruals [Abstract]
Supplier financing program, termination notice	30 days
Supplier finance program, obligation	$ 22.9	$ 32.9
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current	Accounts Payable, Current

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024 USD ($)	Nov. 30, 2023 USD ($)	Nov. 30, 2024 USD ($) Segment	Nov. 30, 2023 USD ($)	May 31, 2024 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			$ 10,074
Contract liabilities, revenue recognized	$ 10,500	$ 7,200	33,100	$ 28,500
Long-term deferred revenue	$ 82,800		$ 82,800		$ 81,700

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, 2024	May 31, 2024
Disaggregation Of Revenue [Line Items]
Trade accounts receivable, less allowances	$ 1,290,536	$ 1,419,445
Contract assets	65,908	57,833
Contract liabilities - short-term	(42,997)	(44,996)
Net Contract Assets	22,911	$ 12,837
Change in Contract with Customer, Asset and Liability [Abstract]
Change in trade accounts receivable, less allowances	(128,909)
Change in contract assets	8,075
Change in Net Contract Assets (Liabilities)	$ 10,074
Percentage of change in trade accounts receivable, less allowances	(9.10%)
Percentage of change in contract assets	14%
Short-term
Change in Contract with Customer, Asset and Liability [Abstract]
Change in contract liabilities	$ 1,999
Percentage of change in contract liabilities	(4.40%)

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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Accounts receivable, allowance for credit loss [Roll Forward]
Beginning balance	$ 49,106	$ 56,584	$ 48,763	$ 49,482
Bad debt provision	5,981	2,892	6,928	10,588
Uncollectible accounts written off, net of recoveries	(1,429)	(2,033)	(2,215)	(2,815)
Translation adjustments	(987)	5	(805)	193
Ending balance	$ 52,671	$ 57,448	$ 52,671	$ 57,448

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Nov. 30, 2024 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	4
Number of operating segments	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, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	May 31, 2024
Segment Reporting Information [Line Items]
Net Sales	$ 1,845,318	$ 1,792,275	$ 3,814,107	$ 3,804,132
Income (Loss) Before Income Taxes	212,982	195,824	503,433	464,978
Identifiable Assets	6,683,070		6,683,070		$ 6,586,543
Domestic
Segment Reporting Information [Line Items]
Net Sales	1,290,503	1,232,756	2,711,989	2,672,933
Foreign
Segment Reporting Information [Line Items]
Net Sales	554,815	559,519	1,102,118	1,131,199
Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	136,057	136,386	283,251	287,262
Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	266,957	263,918	525,730	536,886
Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	77,004	85,093	151,462	168,203
Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	44,451	46,929	83,840	85,860
Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	30,346	27,193	57,835	52,988
Operating Segments | CPG Segment
Segment Reporting Information [Line Items]
Net Sales	690,116	661,750	1,484,107	1,444,539
Income (Loss) Before Income Taxes	105,652	98,398	262,650	238,850
Identifiable Assets	2,214,350		2,214,350		2,160,352
Operating Segments | CPG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	432,088	395,961	970,981	905,294
Operating Segments | CPG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	258,028	265,789	513,126	539,245
Operating Segments | CPG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	71,793	70,181	147,123	149,342
Operating Segments | CPG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	127,235	126,915	248,425	254,871
Operating Segments | CPG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	59,000	68,693	117,578	135,032
Operating Segments | PCG Segment
Segment Reporting Information [Line Items]
Net Sales	380,103	374,856	751,862	753,369
Income (Loss) Before Income Taxes	63,773	61,502	128,065	106,323
Identifiable Assets	1,316,716		1,316,716		1,164,165
Operating Segments | PCG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	227,455	221,486	451,025	447,814
Operating Segments | PCG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	152,648	153,370	300,837	305,555
Operating Segments | PCG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	23,218	25,301	48,018	49,547
Operating Segments | PCG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	58,830	58,452	116,135	122,122
Operating Segments | PCG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	10,304	8,572	19,455	17,713
Operating Segments | PCG Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	29,950	33,852	59,394	63,185
Operating Segments | PCG Segment | Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	30,346	27,193	57,835	52,988
Operating Segments | Consumer Segment
Segment Reporting Information [Line Items]
Net Sales	590,247	578,687	1,218,721	1,248,291
Income (Loss) Before Income Taxes	88,311	98,066	196,461	229,895
Identifiable Assets	2,184,107		2,184,107		2,283,370
Operating Segments | Consumer Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	476,656	469,353	986,324	1,020,106
Operating Segments | Consumer Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	113,591	109,334	232,397	228,185
Operating Segments | Consumer Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	39,760	39,601	85,905	85,941
Operating Segments | Consumer Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	61,247	57,646	123,116	118,512
Operating Segments | Consumer Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	6,872	7,127	12,821	14,142
Operating Segments | Consumer Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	5,712	4,960	10,555	9,590
Operating Segments | SPG Segments
Segment Reporting Information [Line Items]
Net Sales	184,852	176,982	359,417	357,933
Income (Loss) Before Income Taxes	16,694	10,145	31,897	26,542
Identifiable Assets	752,414		752,414		733,646
Operating Segments | SPG Segments | Domestic
Segment Reporting Information [Line Items]
Net Sales	154,304	145,956	303,659	299,719
Operating Segments | SPG Segments | Foreign
Segment Reporting Information [Line Items]
Net Sales	30,548	31,026	55,758	58,214
Operating Segments | SPG Segments | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	1,286	1,303	2,205	2,432
Operating Segments | SPG Segments | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	19,645	20,905	38,054	41,381
Operating Segments | SPG Segments | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	828	701	1,608	1,316
Operating Segments | SPG Segments | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	8,789	8,117	13,891	13,085
Corporate/Other
Segment Reporting Information [Line Items]
Income (Loss) Before Income Taxes	(61,448)	$ (72,287)	(115,640)	$ (136,632)
Identifiable Assets	$ 215,483		$ 215,483		$ 245,010