RPM International (RPM) 10-Q 7 Jan 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2020	Jan. 04, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
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 Common Stock, Shares Outstanding		130,102,785
Entity File Number	1-14187
Entity Tax Identification Number	02-0642224
Entity Address, Address Line One	P.O. BOX 777
Entity Address, Address Line Two	2628 PEARL ROAD
Entity Address, City or Town	MEDINA
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44258
City Area Code	330
Local Phone Number	273-5090
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Trading Symbol	RPM
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, par value $0.01

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2020	May 31, 2020
Current Assets
Cash and cash equivalents	$ 272,945	$ 233,416
Trade accounts receivable (less allowances of $53,542 and $55,847, respectively)	1,081,841	1,137,957
Inventories	829,617	810,448
Prepaid expenses and other current assets	268,029	241,608
Total current assets	2,452,432	2,423,429
Property, Plant and Equipment, at Cost	1,851,794	1,755,190
Allowance for depreciation	(962,395)	(905,504)
Property, plant and equipment, net	889,399	849,686
Other Assets
Goodwill	1,300,777	1,250,066
Other intangible assets, net of amortization	620,399	584,380
Operating lease right-of-use assets	297,695	284,491
Deferred income taxes	37,154	30,894
Other	192,352	208,008
Total other assets	2,448,377	2,357,839
Total Assets	5,790,208	5,630,954
Current Liabilities
Accounts payable	540,678	535,311
Current portion of long-term debt	75,709	80,890
Accrued compensation and benefits	161,515	185,531
Accrued losses	23,717	20,021
Other accrued liabilities	331,074	271,827
Total current liabilities	1,132,693	1,093,580
Long-Term Liabilities
Long-term debt, less current maturities	2,224,627	2,458,290
Operating lease liabilities	256,045	244,691
Other long-term liabilities	560,749	510,175
Deferred income taxes	65,651	59,555
Total long-term liabilities	3,107,072	3,272,711
Commitments and contingencies (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 144,056 and outstanding 130,106 as of November 30, 2020; issued 143,261 and outstanding 129,511 as of May 31, 2020	1,301	1,295
Paid-in capital	1,035,539	1,014,428
Treasury stock, at cost	(595,851)	(580,117)
Accumulated other comprehensive (loss)	(649,819)	(717,497)
Retained earnings	1,756,571	1,544,336
Total RPM International Inc. stockholders' equity	1,547,741	1,262,445
Noncontrolling Interest	2,702	2,218
Total equity	1,550,443	1,264,663
Total Liabilities and Stockholders' Equity	$ 5,790,208	$ 5,630,954

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2020	May 31, 2020
Statement Of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 53,542	$ 55,847
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	144,056,000	143,261,000
Common stock, outstanding	130,106,000	129,511,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Income Statement [Abstract]
Net Sales		$ 1,485,915	$ 1,401,292	$ 3,092,586	$ 2,874,056
Cost of Sales		899,743	871,894	1,852,759	1,769,904
Gross Profit		586,172	529,398	1,239,827	1,104,152
Selling, General and Administrative Expenses		399,418	403,357	795,370	803,923
Restructuring Charges		4,918	4,801	9,151	11,423
Interest Expense		21,266	26,341	43,011	54,658
Investment (Income), Net		(9,519)	(8,805)	(22,281)	(14,190)
Other Expense, Net		3,133	1,951	6,251	3,736
Income Before Income Taxes		166,956	101,753	408,325	244,602
Provision for Income Taxes		39,072	24,431	99,655	60,784
Net Income		127,884	77,322	308,670	183,818
Less: Net Income Attributable to Noncontrolling Interests		225	292	416	600
Net Income Attributable to RPM International Inc. Stockholders		$ 127,659	$ 77,030	$ 308,254	$ 183,218
Average Number of Shares of Common Stock Outstanding:
Basic		128,500	128,393	128,459	128,639
Diluted	[1]	129,090	129,079	129,078	129,294
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic		$ 0.98	$ 0.60	$ 2.38	$ 1.42
Diluted		$ 0.98	$ 0.59	$ 2.37	$ 1.41
[1]	Restricted shares totaling 225,500 and 339,550 for the three and six months ended November 30, 2020, respectively and 178,000 the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no shares of restricted stock identified as being anti-dilutive for the three months ended November 30, 2019.  In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and six months ended November 30, 2020, respectively, and 790,000 for the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.  There were no SARs identified as being anti-dilutive for the three months ended November 30, 2019.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 127,884	$ 77,322	$ 308,670	$ 183,818
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments (net of tax of $81; $0 $2,944 and $0, respectively)	12,495	20,967	77,162	(7,467)
Pension and other postretirement benefit liability adjustments (net of tax of $1,722; $1,015; $2,508 and $2,119, respectively)	5,644	3,404	8,904	7,027
Unrealized gain (loss) on securities and other (net of tax of $240; $0; $322 and $1, respectively)	80	(155)	170	216
Unrealized gain (loss) on derivatives (net of tax of $119; $305; $5,662 and $274, respectively)	(376)	381	(18,489)	1,165
Total other comprehensive income	17,843	24,597	67,747	941
Total Comprehensive Income	145,727	101,919	376,417	184,759
Less: Comprehensive Income Attributable to Noncontrolling Interests	225	343	484	620
Comprehensive Income Attributable to RPM International Inc. Stockholders	$ 145,502	$ 101,576	$ 375,933	$ 184,139

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Foreign currency translation adjustments, Tax	$ 81	$ 0	$ 2,944	$ 0
Pension and other postretirement benefit liability adjustments, Tax	1,722	1,015	2,508	2,119
Unrealized gain (loss) on securities and other, Tax	240	0	322	1
Unrealized gain (loss) on derivatives, Tax	$ 119	$ 305	$ 5,662	$ 274

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Cash Flows From Operating Activities:
Net Income	$ 308,670	$ 183,818
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	72,506	77,572
Restructuring charges, net of payments	(2,291)	(1,713)
Fair value adjustments to contingent earnout obligations	2,712
Deferred income taxes	1,786	(5,426)
Stock-based compensation expense	21,118	13,034
Net (gain) on marketable securities	(20,172)	(8,741)
Other	(194)	(705)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:
Decrease in receivables	91,027	183,782
Decrease (increase) in inventory	21,655	(41,129)
Decrease in prepaid expenses and other current and long-term assets	8,782	8,524
Increase (decrease) in accounts payable	8,331	(70,712)
(Decrease) in accrued compensation and benefits	(28,919)	(53,589)
Increase in accrued losses	3,377	1,894
Increase in other accrued liabilities	89,020	13,644
Other	2,095	(90)
Cash Provided By Operating Activities	579,503	300,163
Cash Flows From Investing Activities:
Capital expenditures	(70,943)	(71,393)
Acquisition of businesses, net of cash acquired	(113,618)	(36,281)
Purchase of marketable securities	(23,292)	(14,332)
Proceeds from sales of marketable securities	21,189	13,100
Other	703	2,183
Cash (Used For) Investing Activities	(185,961)	(106,723)
Cash Flows From Financing Activities:
Additions to long-term and short-term debt	15	539,277
Reductions of long-term and short-term debt	(256,096)	(542,744)
Cash dividends	(96,019)	(92,040)
Repurchases of common stock		(100,000)
Shares of common stock returned for taxes	(15,729)	(10,155)
Payments of acquisition-related contingent consideration	(2,218)	(187)
Other		(664)
Cash (Used For) Financing Activities	(370,047)	(206,513)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	16,034	(1,922)
Net Change in Cash and Cash Equivalents	39,529	(14,995)
Cash and Cash Equivalents at Beginning of Period	233,416	223,168
Cash and Cash Equivalents at End of Period	272,945	208,173
Cash paid during the period for:
Interest	41,347	58,953
Income Taxes, net of refunds	$ 95,069	$ 73,322

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total RPM International Inc. Equity	Noncontrolling Interests
Beginning Balance at May. 31, 2019	$ 1,408,605	$ 1,310	$ 994,508	$ (437,290)	$ (577,628)	$ 1,425,052	$ 1,405,952	$ 2,653
Beginning Balance (in shares) at May. 31, 2019		130,995,000
Net income	106,496					106,188	106,188	308
Other comprehensive income (loss)	(23,656)				(23,625)		(23,625)	(31)
Dividends declared and paid	(45,323)					(45,323)	(45,323)
Other noncontrolling interest activity	(297)							(297)
Share repurchases under repurchase program	(100,000)	$ (16)	16	(100,000)			(100,000)
Share repurchases under repurchase program (in shares)		(1,656,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	200	$ 3	6,557	(6,360)			200
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		330,000
Ending Balance at Aug. 31, 2019	1,346,025	$ 1,297	1,001,081	(543,650)	(601,253)	1,485,917	1,343,392	2,633
Ending Balance (in shares) at Aug. 31, 2019		129,669,000
Beginning Balance at May. 31, 2019	1,408,605	$ 1,310	994,508	(437,290)	(577,628)	1,425,052	1,405,952	2,653
Beginning Balance (in shares) at May. 31, 2019		130,995,000
Net income	183,818
Other comprehensive income (loss)	941
Share repurchases under repurchase program	$ (100,000)
Share repurchases under repurchase program (in shares)	(1,655,616)
Ending Balance at Nov. 30, 2019	$ 1,403,300	$ 1,298	1,007,554	(547,683)	(576,707)	1,516,230	1,400,692	2,608
Ending Balance (in shares) at Nov. 30, 2019		129,766,000
Beginning Balance at Aug. 31, 2019	1,346,025	$ 1,297	1,001,081	(543,650)	(601,253)	1,485,917	1,343,392	2,633
Beginning Balance (in shares) at Aug. 31, 2019		129,669,000
Net income	77,322					77,030	77,030	292
Other comprehensive income (loss)	24,597				24,546		24,546	51
Dividends declared and paid	(46,717)					(46,717)	(46,717)
Other noncontrolling interest activity	$ (368)							(368)
Share repurchases under repurchase program (in shares)	0
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ 2,441	$ 1	6,473	(4,033)			2,441
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		97,000
Ending Balance at Nov. 30, 2019	1,403,300	$ 1,298	1,007,554	(547,683)	(576,707)	1,516,230	1,400,692	2,608
Ending Balance (in shares) at Nov. 30, 2019		129,766,000
Beginning Balance at May. 31, 2020	1,264,663	$ 1,295	1,014,428	(580,117)	(717,497)	1,544,336	1,262,445	2,218
Beginning Balance (in shares) at May. 31, 2020		129,511,000
Net income	180,785					180,595	180,595	190
Other comprehensive income (loss)	49,904				49,835		49,835	69
Dividends declared and paid	(46,622)					(46,622)	(46,622)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	3,341	$ 5	10,451	(7,115)			3,341
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		464,000
Ending Balance at Aug. 31, 2020	1,452,071	$ 1,300	1,024,879	(587,232)	(667,662)	1,678,309	1,449,594	2,477
Ending Balance (in shares) at Aug. 31, 2020		129,975,000
Beginning Balance at May. 31, 2020	1,264,663	$ 1,295	1,014,428	(580,117)	(717,497)	1,544,336	1,262,445	2,218
Beginning Balance (in shares) at May. 31, 2020		129,511,000
Net income	308,670
Other comprehensive income (loss)	$ 67,747
Share repurchases under repurchase program (in shares)	0
Ending Balance at Nov. 30, 2020	$ 1,550,443	$ 1,301	1,035,539	(595,851)	(649,819)	1,756,571	1,547,741	2,702
Ending Balance (in shares) at Nov. 30, 2020		130,106,000
Beginning Balance at Aug. 31, 2020	1,452,071	$ 1,300	1,024,879	(587,232)	(667,662)	1,678,309	1,449,594	2,477
Beginning Balance (in shares) at Aug. 31, 2020		129,975,000
Net income	127,884					127,659	127,659	225
Other comprehensive income (loss)	17,843				17,843		17,843
Dividends declared and paid	$ (49,397)					(49,397)	(49,397)
Share repurchases under repurchase program (in shares)	0
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ 2,042	$ 1	10,660	(8,619)			2,042
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		131,000
Ending Balance at Nov. 30, 2020	$ 1,550,443	$ 1,301	$ 1,035,539	$ (595,851)	$ (649,819)	$ 1,756,571	$ 1,547,741	$ 2,702
Ending Balance (in shares) at Nov. 30, 2020		130,106,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Nov. 30, 2020	Aug. 31, 2020	Nov. 30, 2019	Aug. 31, 2019
Statement Of Stockholders Equity [Abstract]
Dividends declared and paid per share	$ 0.38	$ 0.36	$ 0.36	$ 0.35

Consolidation, Noncontrolling I

Consolidation, Noncontrolling Interests and Basis of Presentation	6 Months Ended
	Nov. 30, 2020
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, 2020 and 2019. 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, 2020. 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, 2020
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	NOTE 2 — NEW ACCOUNTING PRONOUNCEMENTS New Pronouncements Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses,” which requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Additionally, the standard amends the current available-for-sale securities other-than-temporary impairment model for debt securities. The guidance is effective for fiscal years beginning after December 15, 2019 and for interim periods therein. The adoption of this new guidance, effective June 1, 2020, using the modified retrospective transition method, did not result in a cumulative-effect adjustment to the opening balance of retained earnings at June 1, 2020 and did not have a material impact on the Company's Consolidated Financial Statements. Refer to Note 14, “Revenue” for additional information. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment,” to eliminate step two from the goodwill impairment test in order to simplify the subsequent measurement of goodwill. The guidance is effective for fiscal years beginning after December 15, 2019. The adoption of this new guidance, effective June 1, 2020, did not have a material impact on our Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820), – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with the movement amongst or hierarchy associated with Level 1, Level 2 and Level 3 fair value measurements. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The adoption of this new guidance, effective June 1, 2020, did not have a material impact on our Consolidated Financial Statements or disclosures. New Pronouncements Issued In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20), Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with employers that sponsor defined benefit or other postretirement plans. This guidance is effective for fiscal years ending after December 15, 2020. Early adoption is permitted for all entities and the amendments in this update are required to be applied on a retrospective basis to all periods presented. We are currently evaluating the expected impact of this new pronouncement on our annual Co nsolidated Financial Statements , and disclosures, but do not expect our adoption of this guidance to have a material impact . In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption of the amendments is permitted, including adoption in any interim period for which financial statements have not yet been issued. Depending on the amendment, adoption may be applied on the retrospective, modified retrospective or prospective basis. We are currently reviewing the provisions of this new pronouncement, but do not expect our adoption of this guidance to have a material impact on our Consolidated Financial Statements.

Restructuring

Restructuring	6 Months Ended
	Nov. 30, 2020
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 employees, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. Restructuring charges are recorded based upon planned employee termination dates and site closure and consolidation plans. The timing of associated cash payments is dependent upon the type of restructuring charge and can extend over a multi-year period. 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. MAP to Growth Between May and August 2018, we approved and implemented the initial phases of a multi-year restructuring plan, which was originally referred to as the 2020 Margin Acceleration Plan (“2020 MAP to Growth”). The initial phases of our 2020 MAP to Growth affected all of our reportable segments, as well as our corporate/nonoperating segment, and focused on margin improvement by simplifying business processes; reducing inventory categories and rationalizing SKUs; eliminating underperforming businesses; reducing headcount and working capital; and improving operating efficiency. The activities included in the initial phases of the restructuring activities have been substantially completed. The disruption caused by the outbreak of Covid-19 (“Covid”) delayed the finalization of our 2020 MAP to Growth past the original target completion date of December 31, 2020. In recognition of the fact our restructuring plan extends past calendar year 2020, we will now refer to it simply as “MAP to Growth.” We now expect to utilize the remainder of fiscal year 2021 to achieve the goals originally set forth in our MAP to Growth. Certain of these projects may not be finalized until fiscal year 2022 and we would expect to continue to recognize restructuring expense throughout fiscal year 2022, as projects related to our MAP to Growth are executed and completed. As such, the final implementation and total expected costs are subject to change. Our execution of the MAP to Growth will continue to drive the de-layering and simplification of management and businesses associated with group realignment. We have implemented four center-led functional areas including manufacturing and operations; procurement and supply chain; information technology; and accounting and finance. Our MAP to Growth optimizes our manufacturing facilities and will ultimately provide more efficient plant and distribution facilities. Through the balance sheet date, in association with our MAP to Growth, we have completed, or are in the process of completing, the planned closure of 25 plants and 27 warehouses. We also expect to incur additional severance and benefit costs as part of our planned closure of these facilities. Throughout the remainder of our MAP to Growth, we will continue to assess and find areas of improvement and cost savings. As such, the final implementation and total expected costs are subject to change. In addition to the announced plan, we have continued to broaden the scope of our MAP to Growth, specifically in consolidation of the general and administrative areas, potential outsourcing, as well as additional future plant closures and consolidations; the estimated costs of which have not yet been finalized. The current total expected costs associated with this plan are outlined in the table below and decreased by approximately $3.4 million compared to our previous estimate, primarily attributable to decreases in expected severance and benefit charges of $4.5 million, partially offset by increases in expected facility closure and other related costs of $0.6 million and $0.5 million of other restructuring costs. Following is a summary of the charges recorded in connection with restructuring by reportable segment: Three Months Ended Six Months Ended Cumulative Costs Total Expected (In thousands) November 30, 2020 November 30, 2020 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs (a) $ 1,394 $ 1,574 $ 19,668 $ 20,568 Facility closure and other related costs 440 808 5,285 6,503 Other restructuring costs 62 99 2,039 2,634 Total Charges $ 1,896 $ 2,481 $ 26,992 $ 29,705 Performance Coatings Group ("PCG") Segment: Severance and benefit costs (b) $ 802 $ 1,841 $ 15,226 $ 16,714 Facility closure and other related costs 556 844 6,191 7,905 Other restructuring costs 184 213 814 824 Total Charges $ 1,542 $ 2,898 $ 22,231 $ 25,443 Consumer Segment: Severance and benefit costs (c) $ (4 ) $ 786 $ 11,253 $ 11,253 Facility closure and other related costs 785 1,382 10,319 12,719 Other restructuring costs 204 302 4,421 4,481 Total Charges $ 985 $ 2,470 $ 25,993 $ 28,453 Specialty Products Group ("SPG") Segment: Severance and benefit costs (d) $ (57 ) $ 411 $ 7,341 $ 8,012 Facility closure and other related costs 507 775 4,941 6,204 Other restructuring costs 45 116 1,238 1,238 Total Charges $ 495 $ 1,302 $ 13,520 $ 15,454 Corporate/Other Segment: Severance and benefit costs $ - $ - $ 13,347 $ 13,347 Total Charges $ - $ - $ 13,347 $ 13,347 Consolidated: Severance and benefit costs $ 2,135 $ 4,612 $ 66,835 $ 69,894 Facility closure and other related costs 2,288 3,809 26,736 33,331 Other restructuring costs 495 730 8,512 9,177 Total Charges $ 4,918 $ 9,151 $ 102,083 $ 112,402 (a) Severance and benefit costs are associated with the elimination of 12 positions and 21 positions during the three and six months ended November 30, 2020, respectively. (b) Severance and benefit costs are associated with the elimination of 11 position and 50 positions during the three and six months ended November 30, 2020, respectively. (c) Severance and benefit recoveries are associated with the adjustment of estimated severance accruals for the three months ended November 30, 2020. Severance and benefit costs for the six months ended November 30, 2020 are associated with the elimination of three (d) Severance and benefit recoveries for the three months ended November 30, 2020 are associated with the reversal of severance accruals made for five positions which will no longer be eliminated, partially offset by the charges incurred related to the elimination of one position. Severance and benefit charges for the six months ended November 30, 2020 are associated with the elimination of 24 positions. Three Months Ended Six Months Ended (In thousands) November 30, 2019 November 30, 2019 CPG Segment: Severance and benefit costs (e) $ 1,447 $ 1,607 Facility closure and other related costs 110 798 Other restructuring costs 39 39 Total Charges $ 1,596 $ 2,444 PCG Segment: Severance and benefit costs (f) $ 431 $ 2,931 Facility closure and other related costs 636 745 Other restructuring costs 172 172 Total Charges $ 1,239 $ 3,848 Consumer Segment: Severance and benefit costs (g) $ 780 $ 1,547 Facility closure and other related costs 344 860 Other restructuring costs - - Total Charges $ 1,124 $ 2,407 Specialty Segment: Severance and benefit costs (h) $ 48 $ 414 Facility closure and other related costs 731 2,190 Other restructuring costs 40 104 Total Charges $ 819 $ 2,708 Corporate/Other Segment: Severance and benefit costs $ 23 $ 16 Total Charges $ 23 $ 16 Consolidated: Severance and benefit costs $ 2,729 $ 6,515 Facility closure and other related costs 1,821 4,593 Other restructuring costs 251 315 Total Charges $ 4,801 $ 11,423 ( e ) Severance and benefit costs are associated with the elimination of 25 positions and 46 positions during the three and six months ended November 30, 2019, respectively. ( f ) Severance and benefit costs are associated with the elimination of 18 position and 69 positions during the three and six months ended November 30, 2019, respectively. ( g ) Severance and benefit costs are associated with the elimination of 9 positions and 11 positions during the three and six months ended November 30, 2019, respectively. ( h ) Severance and benefit costs are associated with the elimination of 49 positions and 59 positions during the three and six months ended November 30, 2019, respectively. A summary of the activity in the restructuring reserves related to our MAP to Growth is as follows: (in thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at August 31, 2020 $ 4,893 $ 6,138 $ - $ 11,031 Additions charged to expense 2,135 2,288 495 4,918 Cash payments charged against reserve (2,373 ) (2,530 ) (335 ) (5,238 ) Non-cash charges included above (i) - - (160 ) (160 ) Balance at November 30, 2020 $ 4,655 $ 5,896 $ - $ 10,551 (In thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at June 1, 2020 $ 7,357 $ 5,880 $ - 13,237 Additions charged to expense 4,612 3,809 730 9,151 Cash payments charged against reserve (7,314 ) (3,793 ) (335 ) (11,442 ) Non-cash charges included above (i) - - (395 ) (395 ) Balance at November 30, 2020 $ 4,655 $ 5,896 $ - $ 10,551 (In thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at August 31, 2019 $ 2,946 $ 9,430 $ - $ 12,376 Additions charged to expense 2,729 1,821 251 4,801 Cash payments charged against reserve (2,109 ) (5,016 ) - (7,125 ) Non-cash charges included above (i) - (155 ) (251 ) (406 ) Balance at November 30, 2019 $ 3,566 $ 6,080 $ - $ 9,646 (In thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at June 1, 2019 $ 4,837 $ 7,857 $ - $ 12,694 Additions charged to expense 6,515 4,593 315 11,423 Cash payments charged against reserve (7,786 ) (5,350 ) - (13,136 ) Non-cash charges included above (i) - (1,020 ) (315 ) (1,335 ) Balance at November 30, 2019 $ 3,566 $ 6,080 $ - $ 9,646 ( i ) Non-cash charges primarily include accelerated vesting of equity awards and asset-write offs. In connection with our MAP to Growth, during the three months ended November 30, 2019, we incurred approximately $6.3 million and $1.0 million of inventory-related charges at our Consumer and PCG segments, respectively. During the six months ended November 30, 2019, we incurred approximately $7.2 million, $3.1 million, and $0.3 million of inventory-related charges at our Consumer, PCG and CPG segments, respectively. The charges incurred during the three and six months ended November 30, 2020 were immaterial. All of the aforementioned inventory-related charges are recorded in cost of sales in our Consolidated Statements of Income. These inventory charges were the result of the exit of a business or product line and SKU rationalization initiatives in connection with our overall plan of restructuring.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Nov. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 4 — FAIR VALUE MEASUREMENTS Financial instruments recorded in the balance sheet include cash and cash equivalents, trade accounts receivable, marketable securities, notes and accounts payable, and debt. An allowance for expected uncollectible trade receivable amounts is established using a combination of specifically identified accounts to be reserved, and a reserve covering trends in collectibility. These estimates are based on an analysis of trends in collectibility and past experience, but are primarily made up of individual account balances identified as doubtful based on specific facts and conditions. Receivable losses are charged against the allowance when we conclude on uncollectibility. All derivative instruments are recognized in our Consolidated Balance Sheets and measured at fair value. Changes in the fair values of derivative instruments that do not qualify as hedges and/or any ineffective portion of hedges are recognized as a gain or (loss) in our Consolidated Statements of Income in the current period. Changes in the fair value of derivative instruments used effectively as cash flow hedges are recognized in other comprehensive income (loss), along with the change in the value of the hedged item. We do not hold or issue derivative instruments for speculative purposes. 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 addition, with respect to our derivative assets and liabilities measured at fair value, refer to Note 5, “Derivatives and Hedging” for discussion of their classification within the fair value hierarchy. (In thousands) Quoted in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at November 30, 2020 Available-for-sale debt securities: U.S. Treasury and other government $ - $ 26,955 $ - $ 26,955 Corporate bonds - 194 - 194 Total available-for-sale debt securities - 27,149 - 27,149 Marketable equity securities: Stocks - domestic 6,548 - - 6,548 Mutual funds - foreign - 36,639 - 36,639 Mutual funds - domestic - 73,122 - 73,122 Total marketable equity securities 6,548 109,761 - 116,309 Contingent consideration - - (15,954 ) (15,954 ) Total $ 6,548 $ 136,910 $ (15,954 ) $ 127,504 (In thousands) Quoted in Active Markets for Identical (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at May 31, 2020 Available-for-sale debt securities: U.S. Treasury and other government $ - $ 26,736 $ - $ 26,736 Corporate bonds - 186 - 186 Total available-for-sale debt securities - 26,922 - 26,922 Marketable equity securities: Stocks - domestic 3,870 - - 3,870 Mutual funds - foreign - 28,815 - 28,815 Mutual funds - domestic - 63,536 - 63,536 Total marketable equity securities 3,870 92,351 - 96,221 Contingent consideration - - (15,682 ) (15,682 ) Total $ 3,870 $ 119,273 $ (15,682 ) $ 107,461 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, and applied a discount rate that appropriately captures a market participant's view of the risk associated with the obligation, which are considered to be Level 3 inputs. During the first half of fiscal 2021, we paid approximately $2.8 million for settlements of contingent consideration obligations relating to certain performance milestones that were established in prior periods and achieved during the current period, and recorded an increase in the accrual for approximately $2.7 million related to fair value adjustments. During the first half of fiscal 2020, we paid approximately $5.9 million for settlements of contingent consideration obligations relating to certain performance milestones that were established in prior periods and achieved during the first half of last year. 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 are reported in cash flows from operating activities. 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, 2020 and May 31, 2020, 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 financial instruments and long-term debt as of November 30, 2020 and May 31, 2020 are as follows: At November 30, 2020 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 272,945 $ 272,945 Marketable equity securities 116,309 116,309 Available-for-sale debt securities 27,149 27,149 Long-term debt, including current portion 2,300,336 2,528,830 At May 31, 2020 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 233,416 $ 233,416 Marketable equity securities 87,111 87,111 Available-for-sale debt securities 26,922 26,922 Long-term debt, including current portion 2,539,180 2,618,719

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Nov. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	NOTE 5 — DERIVATIVES AND HEDGING Derivative Instruments and Hedging Activities We are exposed to market risks, such as changes in foreign currency exchange rates and interest rates. To manage the volatility related to these exposures, from time to time, we enter into various derivative transactions. We use various types of derivative instruments including forward contracts and swaps. We formally assess, designate and document, as a hedge of an underlying exposure, each qualifying derivative instrument that will be accounted for as an accounting hedge at inception. Additionally, we assess, both at inception and at least quarterly thereafter, whether the financial instruments used in the hedging transaction are effective at offsetting changes in either the fair values or cash flows of the underlying exposures. Derivatives Designated as Hedges In October 2017, as a means of mitigating the impact of currency fluctuations on our Euro investments in foreign entities, we executed a fair value hedge and two cross currency swaps, in which we paid variable rate interest in Euros and received fixed rate interest in U.S. Dollars with a combined notional amount of approximately €85.25 million ($100 million U.S. Dollar equivalent), and which had a maturity date of November 2022. This effectively converted a portion of our U.S. Dollar denominated fixed-rate debt to Euro denominated variable rate debt. The fair value hedge was recognized at fair value in our Consolidated Balance Sheets, while changes in the fair value of the hedge were recognized in interest expense in our Consolidated Statements of Income. We designated the swaps as net investment hedges of our net investment in our European operations under ASU 2017-12 and applied the spot method to these hedges. In February 2020, the fair value hedge and two cross currency swaps agreements were terminated, and we received cash in the amount of $9.3 million, representing the fair value of the swap and interest accrued through the date of termination. Accordingly, hedge accounting was discontinued and a hedge accounting adjustment to our Senior Notes of $1.5 million was recorded and is being amortized to interest expense in the Consolidated Statements of Income through the termination of the 3.450% Notes in November 2022. Changes in the fair value of the cross currency swaps due to spot foreign exchange rates are recorded as cumulative translation adjustment within AOCI and will remain in AOCI until either the sale or substantially complete liquidation of the hedged subsidiaries. Separately, in February 2020, as a means of mitigating the impact of currency fluctuations on our Euro investments in foreign entities, we executed a cash flow hedge and two cross currency swaps, in which we will pay fixed rate interest in Euros and receive variable rate interest in U.S. Dollars with a combined notional amount of approximately €277.73 million ($300 million U.S. Dollar equivalent), and which have a maturity date of February 2023. This effectively converts our U.S. Dollar denominated variable rate debt to Euro denominated fixed rate debt. The cash flow hedge is recognized at fair value in our Consolidated Balance Sheets, while changes in the fair value of the hedge will be recognized in AOCI when the hedged items affect earnings. Amounts recognized in AOCI will be recognized in earnings in interest expense when the hedged interest payment is accrued. We designated the swaps as net investment hedges of our net investment in our European operations under ASU 2017-12 and applied the spot method to these hedges. The changes in fair value of the derivative instruments that are designated and qualify as hedges of net investments in foreign operations are recognized in AOCI to offset the changes in the values of the net investments being hedged. In addition, in February 2020, as a means of mitigating the variability of the functional-currency-equivalent cash flows associated with the U.S. Dollar denominated term loan facility (referred to as Foreign Borrower’s Term Loan), we executed a cash flow hedge, in which we will pay fixed rate interest in Euros and receive variable rate interest in U.S. Dollars with a notional amount of approximately €92.52 million ($100 million U.S. Dollar equivalent), and which have a maturity date of February 2023. This effectively converts our U.S. Dollar denominated variable rate debt to Euro denominated fixed rate debt. The cash flow hedge is recognized at fair value in our Consolidated Balance Sheets, while changes in the fair value of the hedge will be recognized in AOCI when the hedged items affect earnings. Amounts recorded in AOCI will be recognized in earnings in interest expense when the hedged interest payment is accrued. In addition, since this currency swap is a hedge of variability of the functional currency equivalent cash flows of a recognized liability to be remeasured at spot exchange rates under ASC 830, an amount that will offset the gain or loss arising from the remeasurement of the hedged liability will be reclassified each period from AOCI to earnings as foreign exchange gain/(loss), which is a component of SG&A expenses. The following table summarizes the location and effects of our derivatives instruments on the Consolidated Statements of Comprehensive Income and Consolidated Statements of Income for gains or losses initially recognized in AOCI in the Consolidated Balance Sheet: Pretax gain/(loss) recognized in AOCI Pretax gain/(loss) reclassified from AOCI into income (In thousands) Three Months Ended Three Months Ended Derivatives in hedging relationships November 30, 2020 November 30, 2019 Income statement location November 30, 2020 November 30, 2019 Interest rate swap (cash flow) $ (149 ) $ - Interest expense $ (846 ) $ - Cross currency swap (cash flow) 51 - Interest income 160 - Cross currency swap (cash flow) - - Foreign exchange gain 75 - Cross currency swap (net investment) (957 ) 73 Gain or (loss) on sale of subsidiary - - Total $ (1,055 ) $ 73 $ (611 ) $ - Pretax gain/(loss) recognized in AOCI Pretax gain/(loss) reclassified from AOCI into income (In thousands) Six Months Ended Six Months Ended Derivatives in hedging relationships November 30, 2020 November 30, 2019 Income Statement Location November 30, 2020 November 30, 2019 Interest rate swap (cash flow) $ (747 ) $ - Interest expense $ (1,613 ) $ - Cross currency swap (cash flow) (7,304 ) - Interest income 351 - Cross currency swap (cash flow) - - Foreign exchange (loss) (7,380 ) - Cross currency swap (net investment) (24,090 ) 1,469 Gain or (loss) on sale of subsidiary - - Total $ (32,141 ) $ 1,469 $ (8,642 ) $ - Derivatives Not Designated as Hedges At November 30, 2020, and May 31, 2020, we held one foreign currency forward contract at each period end designed to reduce our exposure to changes in the cash flows of intercompany foreign-currency-denominated loans related to changes in foreign currency exchange rates by fixing the functional currency cash flows. The contract has not been designated as a hedge; therefore, the changes in fair value of the derivative are recognized in earnings as a component of SG&A expenses. Amounts recognized in earnings did not have a material impact on our Consolidated Financial Statements for any period presented. As of November 30, 2020, and May 31, 2020, the notional amounts of the forward contract held to purchase foreign currencies was $133.5 million and $63.2 million, respectively. Disclosure about Derivative Instruments All of our derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. We determine the fair value of our derivatives based on valuation methods, which project future cash flows and discount the future amounts to present value using market based observable inputs, including interest rate curves, foreign currency rates, as well as future and basis point spreads, as applicable. The fair values of qualifying and non-qualifying instruments used in hedging transactions as of November 30, 2020 and May 31, 2020 are as follows: (In thousands) Fair Value Derivatives Designated as Hedging Instruments Balance Sheet Location November 30, 2020 May 31, 2020 Assets: Cross Currency Swap (Net Investment) Other Current Assets $ 5,681 $ 5,352 Cross Currency Swap (Cash Flow) Other Current Assets 604 750 Cross Currency Swap (Net Investment) Other Assets (Long-Term) - 12,409 Liabilities: Interest Rate Swap (Cash Flow) Other Accrued Liabilities $ 3,323 $ 2,981 Cross Currency Swap (Net Investment) Other Accrued Liabilities 726 294 Cross Currency Swap (Net Investment) Other Long-Term Liabilities 30,557 18,204 Cross Currency Swap (Cash Flow) Other Long-Term Liabilities 11,394 3,608 Interest Rate Swap (Cash Flow) Other Long-Term Liabilities 3,978 5,187 (In thousands) Fair Value Derivatives Not Designated as Hedging Instruments Balance Sheet Location November 30, 2020 May 31, 2020 Liabilities: Foreign Currency Exchange Other Accrued Liabilities $ 394 $ 53

Investment (Income), Net

Investment (Income), Net	6 Months Ended
	Nov. 30, 2020
Other Income And Expenses [Abstract]
Investment (Income), Net	NOTE 6 — INVESTMENT Investment (income), net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2020 2019 2020 2019 Interest (income) $ (774 ) $ (1,429 ) $ (1,441 ) $ (2,776 ) Net (gain) on marketable securities (8,388 ) (6,939 ) (20,172 ) (10,479 ) Dividend (income) (357 ) (437 ) (668 ) (935 ) Investment (income), net $ (9,519 ) $ (8,805 ) $ (22,281 ) $ (14,190 ) Net (Gain) on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2020 2019 2020 2019 Unrealized (gains) on marketable equity securities $ (7,863 ) $ (7,062 ) $ (21,819 ) $ (10,538 ) Realized (gains) losses on marketable equity securities (548 ) 114 1,624 46 Realized losses on available-for-sale debt securities 23 9 23 13 Net (gain) on marketable securities $ (8,388 ) $ (6,939 ) $ (20,172 ) $ (10,479 )

Other Expense, Net

Other Expense, Net	6 Months Ended
	Nov. 30, 2020
Other Income And Expenses [Abstract]
Other Expense, Net	NOTE 7 — Other expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2020 2019 2020 2019 Royalty (income) expense, net $ 60 $ (360 ) $ 29 $ (94 ) (Income) expense related to unconsolidated equity affiliates (297 ) (65 ) (484 ) 25 Pension non-service costs 3,370 1,550 6,706 2,979 Loss on divestiture (a) — 826 — 826 Other expense, net $ 3,133 $ 1,951 $ 6,251 $ 3,736 (a) Reflects the loss incurred upon divestiture of a contracting business located in Australia, which had reported through our PCG segment.

Income Taxes

Income Taxes	6 Months Ended
	Nov. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8 — INCOME TAXES The effective income tax rate of 23.4% for the three months ended November 30, 2020 compares to the effective income tax rate of 24.0% for the three months ended November 30, 2019. The effective income tax rate of 24.4% for the six months ended November 30, 2020 compares to the effective income tax rate of 24.8% for the six months ended November 30, 2019. The effective income tax rates for the three and six months ended November 30, 2020 and 2019 reflect variances from the 21% statutory rate due primarily to the unfavorable impact of state and local income taxes, non-deductible business expenses and the net tax on foreign subsidiary income resulting from the global intangible low-taxed income provisions, partially offset by tax benefits related to equity compensation. Our deferred tax liability for unremitted foreign earnings was $12.0 million as of November 30, 2020, which represents our estimate of the foreign tax cost associated with the remittance of $434.2 million of foreign earnings that are not considered to be permanently reinvested. We have not provided for foreign withholding or income taxes on the remaining foreign subsidiaries’ undistributed earnings because such earnings have been retained and reinvested by the subsidiaries as of November 30, 2020. Accordingly, no provision has been made for foreign withholding or income taxes, which may become payable if the remaining undistributed earnings of foreign subsidiaries were remitted to us as dividends.

Inventories

Inventories	6 Months Ended
	Nov. 30, 2020
Inventory Disclosure [Abstract]
Inventories	NOTE 9 — INVENTORIES Inventories, net of reserves, were composed of the following major classes: (In thousands) November 30, 2020 May 31, 2020 Raw material and supplies $ 341,551 $ 282,579 Finished goods 488,066 527,869 Total Inventory, Net of Reserves $ 829,617 $ 810,448

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Nov. 30, 2020
Equity [Abstract]
Stock Repurchase Program	NOTE 10 — 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 for general corporate purposes. As announced on November 28, 2018, our goal is to return $1.0 billion in capital to stockholders by May 31, 2021 through share repurchases. 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 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. Given macroeconomic uncertainty resulting from the Covid pandemic, we have suspended our stock repurchase program. During the three and six months ended November 30, 2020, and three months ended November 30, 2019, we did not repurchase any shares of our common stock under this program. During the six months ended November 30, 2019, we repurchased 1,655,616 shares of our common stock at a cost of approximately $100.0 million, or an average cost of $60.40 per share, under this program.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Nov. 30, 2020
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 for the three- and six-month periods ended November 30, 2020 and 2019. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2020 2019 2020 2019 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 127,659 $ 77,030 $ 308,254 $ 183,218 Less: Allocation of earnings and dividends to participating securities (1,130 ) (548 ) (2,517 ) (1,167 ) Net income available to common shareholders - basic 126,529 76,482 305,737 182,051 Add: Undistributed earnings reallocated to unvested shareholders 4 1 9 3 Net income available to common shareholders - diluted $ 126,533 $ 76,483 $ 305,746 $ 182,054 Denominator for basic and diluted earnings per share: Basic weighted average common shares 128,500 128,393 128,459 128,639 Average diluted options and awards 590 686 619 655 Total shares for diluted earnings per share (1) 129,090 129,079 129,078 129,294 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 0.98 $ 0.60 $ 2.38 $ 1.42 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 0.98 $ 0.59 $ 2.37 $ 1.41 Method used to calculate diluted earnings per share Two-class Two-class Two-class Two-class ( 1 ) Restricted shares totaling 225,500 and 339,550 for the three and six months ended November 30, 2020, respectively and 178,000 the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no shares of restricted stock identified as being anti-dilutive for the three months ended November 30, 2019. In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and six months ended November 30, 2020, respectively, and 790,000 for the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no SARs identified as being anti-dilutive for the three months ended November 30, 2019.

Pension Plans

Pension Plans	6 Months Ended
	Nov. 30, 2020
Compensation And Retirement Disclosure [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 months ended November 30, 2020 and 2019: 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 2020 2019 2020 2019 Service cost $ 11,130 $ 9,856 $ 1,406 $ 1,391 Interest cost 3,806 5,104 1,122 1,193 Expected return on plan assets (8,279 ) (8,573 ) (1,607 ) (1,834 ) Amortization of: Prior service cost (credit) 2 2 (35 ) (9 ) Net actuarial losses recognized 7,501 4,629 526 523 Net Periodic Benefit Cost $ 14,160 $ 11,018 $ 1,412 $ 1,264 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 2020 2019 2020 2019 Service cost $ - $ - $ 431 $ 429 Interest cost 19 37 283 282 Amortization of: Prior service (credit) (42 ) (55 ) - - Net actuarial (gains) losses recognized 10 (16 ) 130 158 Net Periodic Benefit (Credit) Cost $ (13 ) $ (34 ) $ 844 $ 869 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 2020 2019 2020 2019 Service cost $ 22,260 $ 19,712 $ 2,812 $ 2,782 Interest cost 7,612 10,208 2,244 2,386 Expected return on plan assets (16,558 ) (17,146 ) (3,214 ) (3,668 ) Amortization of: Prior service cost (credit) 4 4 (70 ) (18 ) Net actuarial losses recognized 15,002 9,258 1,052 1,046 Net Periodic Benefit Cost $ 28,320 $ 22,036 $ 2,824 $ 2,528 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 2020 2019 2020 2019 Service cost $ - $ - $ 862 $ 858 Interest cost 38 74 566 564 Amortization of: Prior service (credit) (84 ) (110 ) - - Net actuarial (gains) losses recognized 20 (32 ) 260 316 Net Periodic Benefit (Credit) Cost $ (26 ) $ (68 ) $ 1,688 $ 1,738 Due to lower discount rates, net periodic pension and U.S. postretirement cost for fiscal 2021 is higher than our fiscal 2020 expense. We expect that pension expense will fluctuate on a year-to-year basis, depending upon the investment performance of plan assets and potential changes in interest rates, and these fluctuations may have a material impact on our consolidated financial results in the future. We previously disclosed in our financial statements for the fiscal year ended May 31, 2020 that we expected to contribute approximately $8,000 to our retirement plans in the U.S. and approximately $6.7 million to plans outside the U.S. during the current fiscal year, and as of November 30, 2020, those amounts remain unchanged. During the year, we will evaluate whether to make additional contributions.

Contingencies and Accrued Losse

Contingencies and Accrued Losses	6 Months Ended
	Nov. 30, 2020
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, 2020, 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) 2020 2019 2020 2019 Beginning Balance $ 12,836 $ 10,069 $ 11,106 $ 10,414 Deductions (1) (7,652 ) (5,721 ) (13,582 ) (11,380 ) Provision charged to expense 6,866 6,207 14,526 11,521 Ending Balance $ 12,050 $ 10,555 $ 12,050 $ 10,555 (1) Primarily claims paid during the year. Environmental Matters Like other companies participating in similar lines of business, some of our subsidiaries are involved in several proceedings relating to environmental matters. It is our policy to accrue remediation costs when it is probable that such efforts will be required and the related costs can be reasonably estimated. In general, our environmental accruals are undiscounted liabilities, which are exclusive of claims against third parties, and are not material to our financial statements during any of the periods presented. Other Contingencies We were notified by the SEC on June 24, 2014, that we were the subject of a formal investigation pertaining to the timing of our disclosure and accrual of loss reserves in fiscal 2013 with respect to the previously disclosed U.S. Department of Justice (the “DOJ”) and the U.S. General Services Administration (the “GSA”) Office of Inspector General investigation into compliance issues relating to Tremco Roofing Division’s GSA contracts. As previously disclosed, our Audit Committee completed an investigation into the facts and circumstances surrounding the timing of our disclosure and accrual of loss reserves with respect to the GSA and DOJ investigation, and determined that it was appropriate to restate our financial results for the first, second and third quarters of fiscal 2013. The restatement shifted accrual amounts among the three quarters, which had the effect of reducing net income by $7.2 million and $10.8 million for the quarterly periods ended August 31, 2012, and November 30, 2012, respectively, and increasing net income for the quarterly period ended February 28, 2013 by $18.0 million. These restatements had no impact on our audited financial statements for the fiscal years ended May 31, 2013 or 2014. In connection with the foregoing, on September 9, 2016, the SEC filed an enforcement action against us and our General Counsel. The complaint sought disgorgement of gains that may have resulted from the conduct alleged in the complaint, and payment of unspecified monetary penalties from us and our General Counsel pursuant to Section 20(d) of the Securities Act and Section 21(d)(3) of the Exchange Act. Further, the complaint sought to permanently enjoin us from violations of Sections 17(a)(2) and (a)(3) of the Securities Act, Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act, and Exchange Act Rules 12b-20, 13a-1, 13a-11 and 13a-13, and to permanently enjoin our General Counsel from violations of Sections 17(a)(2) and (a)(3) of the Securities Act and Exchange Act Rules 13b2-1 and 13b2-2(a). On December 22, 2020, the Court entered its Final Judgment (the “Final Judgment”) resolving this matter with the SEC. In consenting to the terms of the Final Judgment, we and our General Counsel neither admitted nor denied the SEC’s allegations. We agreed to pay a civil monetary penalty of $ 2.0 million under Section 21(d)(3) of the Exchange Act, and we are permanently enjoined from violations of Section 13(a), 13(b)(2)(a) and 13(b)(2)(b) of the Exchange Act and Exchange Act Rules 12b-20, 13a-1, 13a-11 and 13a-13. The settlement amount is accrued for in our consolidated financial statements as of November 30, 2020. Our General Counsel agreed to pay a civil monetary penalty of $ 22,500 under Section 21(d)(3) of the Exchange Act, and he is permanently enjoined from violations of Exchange Act Rule 13b2-1. P rior to the date of this filing, both the Company and our General Counsel have paid their respective civil monetary penalties. For both the Company and our General Counsel, the Final Judgment resolved all claims asserted by the SEC in the proceeding and included relief only with respect to certain books and records provisions of the securities laws, none of which require proof of intentional or willful misconduct. Also, in connection with the foregoing, on April 28, 2017, a stockholder derivative action was filed in the United States District Court, Northern District of Ohio, Eastern Division, against certain of our current and former directors and officers. On February 2, 2018, the Court granted our request for a stay and stayed the derivative action pending the completion of the SEC enforcement action. The stay will be revisited by the Court now that the SEC enforcement action has been resolved. We do not believe a material loss in this matter is reasonably possible or probable.

Revenue

Revenue	6 Months Ended
	Nov. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue	NOTE 14 – REVENUE We operate a portfolio of businesses and product lines that manufacture and sell a variety of specialty paints, protective coatings and roofing systems, sealants and adhesives. We disaggregate revenues from the sales of our products and services based upon geographical location by each of our reportable segments, which are aligned by similar economic factors, trends and customers, which best depict the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. See Note 15, “Segment Information,” 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 was 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.” 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 (liabilities) consisted of the following: (In thousands, except percentages) November 30, 2020 August 31, 2020 $ Change % Change Trade accounts receivable, less allowances $ 1,081,841 $ 1,159,130 $ (77,289 ) -6.7 % Contract assets $ 27,154 $ 36,292 $ (9,138 ) -25.2 % Contract liabilities - short-term (28,310 ) (25,605 ) (2,705 ) 10.6 % Net Contract Assets (Liabilities) $ (1,156 ) $ 10,687 $ (11,843 ) -110.8 % (In thousands, except percentages) November 30, 2020 May 31, 2020 $ Change % Change Trade accounts receivable, less allowances $ 1,081,841 $ 1,137,957 $ (56,116 ) -4.9 % Contract assets $ 27,154 $ 25,249 $ 1,905 7.5 % Contract liabilities - short-term (28,310 ) (25,288 ) (3,022 ) 12.0 % Net Contract (Liabilities) $ (1,156 ) $ (39 ) $ (1,117 ) The $11.8 million decrease in our net contract assets/(liabilities) from August 31, 2020 to November 30, 2020 resulted primarily due to the timing and volume of construction jobs in progress at November 30, 2020 versus August 31, 2020. During the second quarter of fiscal 2021, net sales at our U.S. based general contracting and roofing services business decreased by $40.4 million as compared to the first quarter of fiscal 2021. Due to the seasonal nature of our business, unbilled revenue is typically highest in the summer months (at the conclusion of RPM’s first fiscal quarter) when favorable weather generally allows our installers to maximize productivity, and is lower throughout the remainder of the year when inconsistent weather adversely impacts productivity. The $1.1 million decrease in our net contract assets/(liabilities) from May 31, 2020 to November 30, 2020 resulted primarily due to the timing and volume of construction jobs in progress at November 30, 2020 versus May 31, 2020. This relatively flat performance is a function of relatively consistent weather during our fourth quarter of fiscal 2020 and our second quarter of fiscal 2021. We also record long-term deferred revenue, which amounted to $66.9 million, $66.4 million and $66.0 million as of November 30, 2020, August 31, 2020 and May 31, 2020, 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 selling, general and administrative expenses. The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2020: (In thousands) Balance at August 31, 2020 $ 55,927 Bad debt provision (106 ) Uncollectible accounts written off, net of recoveries (2,493 ) Translation adjustments 214 Balance at November 30, 2020 $ 53,542 (In thousands) Balance at June 1, 2020 $ 55,847 Bad debt provision 1,168 Uncollectible accounts written off, net of recoveries (5,347 ) Translation adjustments 1,874 Balance at November 30, 2020 $ 53,542

Segment Information

Segment Information	6 Months Ended
	Nov. 30, 2020
Segment Reporting [Abstract]
Segment Information	NOTE 15 — SEGMENT INFORMATION We operate a portfolio of businesses and product lines that manufacture and sell a variety of specialty paints, protective coatings and 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 expense is essentially related to acquisitions, as opposed to segment operations. Our CPG reportable segment products are sold throughout North America and also account for the majority of our international sales. Our construction product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. Products and services within this reportable segment include construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, building envelope solutions, insulated cladding, flooring systems, and weatherproofing solutions. Our PCG reportable segment products are sold throughout North America, as well as internationally, and are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. Products and services within this reportable segment include high-performance flooring solutions, corrosion control and fireproofing coatings, infrastructure repair systems, fiberglass reinforced plastic gratings and drainage systems. Our C onsumer reportable segment manufactures and markets professional use and do-it-yourself (“DIY”) products for a variety of mainly consumer applications, including home improvement and personal leisure activities. Our C onsumer segment’s major manufacturing and distribution operations are located primarily in North America, along with a few locations in Europe and other parts of the world. Our consumer reportable segment products are primarily sold directly to mass merchandisers, home improvement centers, hardware stores, paint stores, craft shops and through distributors. Th e Consumer reportable segment offers p roducts 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 a few international locations, primarily in Europe. Our specialty product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. The SPG reportable segment offers products that include industrial cleaners, restoration services equipment, colorants, nail enamels, exterior finishes, edible coatings and specialty glazes for pharmaceutical and food industries, and other specialty original equipment manufacturer (“OEM”) coatings. In addition to our four reportable segments, there is a category of certain business activities and expenses, referred to as corporate/other, that does not constitute an operating segment. This category includes our corporate headquarters and related administrative expenses, results of our captive insurance companies, gains or losses on the sales of certain assets and other expenses not directly associated with any reportable segment. Assets related to the corporate/other category consist primarily of investments, prepaid expenses and headquarters’ property and equipment. These corporate and other assets and expenses reconcile reportable segment data to total consolidated income before income taxes and identifiable assets. We reflect income from our joint ventures on the equity method, and receive royalties from our licensees. The following tables present a disaggregation of revenues by geography, and reflect 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, 2020 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 261,092 $ 148,480 $ 441,235 $ 140,212 $ 991,019 Foreign Canada 48,686 18,196 29,460 2,209 98,551 Europe 129,586 63,891 63,454 21,644 278,575 Latin America 40,137 7,139 8,769 415 56,460 Asia Pacific 20,948 5,797 4,590 11,574 42,909 Other Foreign 3,071 15,330 - - 18,401 Total Foreign 242,428 110,353 106,273 35,842 494,896 Total $ 503,520 $ 258,833 $ 547,508 $ 176,054 $ 1,485,915 Three Months Ended November 30, 2019 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 270,908 $ 173,747 $ 358,500 $ 124,560 $ 927,715 Foreign Canada 46,199 19,309 27,075 2,555 95,138 Europe 117,548 69,999 48,741 20,946 257,234 Latin America 43,084 8,842 7,327 349 59,602 Asia Pacific 19,468 6,670 6,874 9,760 42,772 Other Foreign 2,303 14,145 2,383 - 18,831 Total Foreign 228,602 118,965 92,400 33,610 473,577 Total $ 499,510 $ 292,712 $ 450,900 $ 158,170 $ 1,401,292 Six Months Ended November 30, 2020 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 589,053 $ 304,542 $ 950,819 $ 273,710 $ 2,118,124 Foreign Canada 104,328 35,309 78,368 4,129 222,134 Europe 238,305 127,526 131,064 38,639 535,534 Latin America 74,990 12,733 16,161 880 104,764 Asia Pacific 38,588 10,682 12,264 16,720 78,254 Other Foreign 5,946 27,830 - - 33,776 Total Foreign 462,157 214,080 237,857 60,368 974,462 Total $ 1,051,210 $ 518,622 $ 1,188,676 $ 334,078 $ 3,092,586 Six Months Ended November 30, 2019 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 578,567 $ 355,653 $ 739,729 $ 256,291 $ 1,930,240 Foreign Canada 96,642 40,282 59,580 4,783 201,287 Europe 231,850 134,458 99,750 41,785 507,843 Latin America 85,931 17,283 13,642 781 117,637 Asia Pacific 39,864 14,094 13,055 14,618 81,631 Other Foreign 2,761 28,183 4,474 - 35,418 Total Foreign 457,048 234,300 190,501 61,967 943,816 Total $ 1,035,615 $ 589,953 $ 930,230 $ 318,258 $ 2,874,056 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2020 2019 2020 2019 CPG Segment $ 71,832 $ 57,123 $ 170,182 $ 139,803 PCG Segment 24,047 33,320 52,561 61,377 Consumer Segment 88,368 34,456 221,089 93,614 SPG Segment 28,406 18,762 48,855 42,089 Corporate/Other (45,697 ) (41,908 ) (84,362 ) (92,281 ) Consolidated $ 166,956 $ 101,753 $ 408,325 $ 244,602 (In thousands) November 30, May 31, Identifiable Assets 2020 2020 CPG Segment $ 1,631,168 $ 1,622,632 PCG Segment 951,588 925,569 Consumer Segment 2,133,079 2,067,017 SPG Segment 754,153 728,449 Corporate/Other 320,220 287,287 Consolidated $ 5,790,208 $ 5,630,954

Goodwill

Goodwill	6 Months Ended
	Nov. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	NOTE 16 — GOODWILL We account for goodwill and other intangible assets in accordance with the provisions of ASC 350 and account for business combinations using the acquisition method of accounting and, accordingly, the assets and liabilities of the entities acquired are recorded at their estimated fair values at the acquisition date. Goodwill represents the excess of the purchase price paid over the fair value of net assets acquired, including the amount assigned to identifiable intangible assets. We assess goodwill for impairment annually during the fourth quarter, or more frequently, if events and circumstances indicate impairment may have occurred. We test goodwill for impairment at the reporting unit level. Goodwill is assigned to reporting units that are expected to benefit from the synergies of the business combination as of the acquisition date. Once goodwill has been allocated to the reporting units, it no longer retains its identification with a particular acquisition and becomes identified with the reporting unit in its entirety. Accordingly, the fair value of the reporting unit as a whole is available to support the recoverability of its goodwill. We evaluate our reporting units when changes in our operating structure occur, and if necessary, reassign goodwill using a relative fair value allocation approach. The following table summarizes the changes in the carrying amount of goodwill, by reportable segment, for the periods presented: CPG PCG Consumer SPG (In thousands) Segment Segment Segment Segment Total Balance as of May 31, 2020 $ 405,354 $ 185,404 $ 496,218 $ 163,090 $ 1,250,066 Translation adjustments & other 21,396 265 4,075 2,732 28,468 Balance as of August 31, 2020 426,750 185,669 500,293 165,822 1,278,534 Acquisitions - - 20,126 - 20,126 Translation adjustments 1,238 458 (145 ) 566 2,117 Balance as of November 30, 2020 $ 427,988 $ 186,127 $ 520,274 $ 166,388 $ 1,300,777

Subsequent Events

Subsequent Events	6 Months Ended
	Nov. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 17 — SUBSEQUENT EVENTS Subsequent to the end of our second quarter, and as discussed in further detail above in Note 13, “Contingencies and Accrued Losses,” to the Consolidated Financial Statements, the Court entered its Final Judgment resolving the "SEC Investigation & Enforcement Action" on December 22, 2020. The settlement amount has been accrued for in our consolidated financial statements as of the period ending November 30, 2020.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Nov. 30, 2020
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	NEW ACCOUNTING PRONOUNCEMENTS New Pronouncements Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses,” which requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Additionally, the standard amends the current available-for-sale securities other-than-temporary impairment model for debt securities. The guidance is effective for fiscal years beginning after December 15, 2019 and for interim periods therein. The adoption of this new guidance, effective June 1, 2020, using the modified retrospective transition method, did not result in a cumulative-effect adjustment to the opening balance of retained earnings at June 1, 2020 and did not have a material impact on the Company's Consolidated Financial Statements. Refer to Note 14, “Revenue” for additional information. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment,” to eliminate step two from the goodwill impairment test in order to simplify the subsequent measurement of goodwill. The guidance is effective for fiscal years beginning after December 15, 2019. The adoption of this new guidance, effective June 1, 2020, did not have a material impact on our Consolidated Financial Statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820), – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with the movement amongst or hierarchy associated with Level 1, Level 2 and Level 3 fair value measurements. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The adoption of this new guidance, effective June 1, 2020, did not have a material impact on our Consolidated Financial Statements or disclosures. New Pronouncements Issued In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20), Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans,” which makes a number of changes meant to add, modify or remove certain disclosure requirements associated with employers that sponsor defined benefit or other postretirement plans. This guidance is effective for fiscal years ending after December 15, 2020. Early adoption is permitted for all entities and the amendments in this update are required to be applied on a retrospective basis to all periods presented. We are currently evaluating the expected impact of this new pronouncement on our annual Co nsolidated Financial Statements , and disclosures, but do not expect our adoption of this guidance to have a material impact . In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption of the amendments is permitted, including adoption in any interim period for which financial statements have not yet been issued. Depending on the amendment, adoption may be applied on the retrospective, modified retrospective or prospective basis. We are currently reviewing the provisions of this new pronouncement, but do not expect our adoption of this guidance to have a material impact on our Consolidated Financial Statements.

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Nov. 30, 2020
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 restructuring by reportable segment: Three Months Ended Six Months Ended Cumulative Costs Total Expected (In thousands) November 30, 2020 November 30, 2020 to Date Costs Construction Products Group ("CPG") Segment: Severance and benefit costs (a) $ 1,394 $ 1,574 $ 19,668 $ 20,568 Facility closure and other related costs 440 808 5,285 6,503 Other restructuring costs 62 99 2,039 2,634 Total Charges $ 1,896 $ 2,481 $ 26,992 $ 29,705 Performance Coatings Group ("PCG") Segment: Severance and benefit costs (b) $ 802 $ 1,841 $ 15,226 $ 16,714 Facility closure and other related costs 556 844 6,191 7,905 Other restructuring costs 184 213 814 824 Total Charges $ 1,542 $ 2,898 $ 22,231 $ 25,443 Consumer Segment: Severance and benefit costs (c) $ (4 ) $ 786 $ 11,253 $ 11,253 Facility closure and other related costs 785 1,382 10,319 12,719 Other restructuring costs 204 302 4,421 4,481 Total Charges $ 985 $ 2,470 $ 25,993 $ 28,453 Specialty Products Group ("SPG") Segment: Severance and benefit costs (d) $ (57 ) $ 411 $ 7,341 $ 8,012 Facility closure and other related costs 507 775 4,941 6,204 Other restructuring costs 45 116 1,238 1,238 Total Charges $ 495 $ 1,302 $ 13,520 $ 15,454 Corporate/Other Segment: Severance and benefit costs $ - $ - $ 13,347 $ 13,347 Total Charges $ - $ - $ 13,347 $ 13,347 Consolidated: Severance and benefit costs $ 2,135 $ 4,612 $ 66,835 $ 69,894 Facility closure and other related costs 2,288 3,809 26,736 33,331 Other restructuring costs 495 730 8,512 9,177 Total Charges $ 4,918 $ 9,151 $ 102,083 $ 112,402 (a) Severance and benefit costs are associated with the elimination of 12 positions and 21 positions during the three and six months ended November 30, 2020, respectively. (b) Severance and benefit costs are associated with the elimination of 11 position and 50 positions during the three and six months ended November 30, 2020, respectively. (c) Severance and benefit recoveries are associated with the adjustment of estimated severance accruals for the three months ended November 30, 2020. Severance and benefit costs for the six months ended November 30, 2020 are associated with the elimination of three (d) Severance and benefit recoveries for the three months ended November 30, 2020 are associated with the reversal of severance accruals made for five positions which will no longer be eliminated, partially offset by the charges incurred related to the elimination of one position. Severance and benefit charges for the six months ended November 30, 2020 are associated with the elimination of 24 positions. Three Months Ended Six Months Ended (In thousands) November 30, 2019 November 30, 2019 CPG Segment: Severance and benefit costs (e) $ 1,447 $ 1,607 Facility closure and other related costs 110 798 Other restructuring costs 39 39 Total Charges $ 1,596 $ 2,444 PCG Segment: Severance and benefit costs (f) $ 431 $ 2,931 Facility closure and other related costs 636 745 Other restructuring costs 172 172 Total Charges $ 1,239 $ 3,848 Consumer Segment: Severance and benefit costs (g) $ 780 $ 1,547 Facility closure and other related costs 344 860 Other restructuring costs - - Total Charges $ 1,124 $ 2,407 Specialty Segment: Severance and benefit costs (h) $ 48 $ 414 Facility closure and other related costs 731 2,190 Other restructuring costs 40 104 Total Charges $ 819 $ 2,708 Corporate/Other Segment: Severance and benefit costs $ 23 $ 16 Total Charges $ 23 $ 16 Consolidated: Severance and benefit costs $ 2,729 $ 6,515 Facility closure and other related costs 1,821 4,593 Other restructuring costs 251 315 Total Charges $ 4,801 $ 11,423 ( e ) Severance and benefit costs are associated with the elimination of 25 positions and 46 positions during the three and six months ended November 30, 2019, respectively. ( f ) Severance and benefit costs are associated with the elimination of 18 position and 69 positions during the three and six months ended November 30, 2019, respectively. ( g ) Severance and benefit costs are associated with the elimination of 9 positions and 11 positions during the three and six months ended November 30, 2019, respectively. ( h ) Severance and benefit costs are associated with the elimination of 49 positions and 59 positions during the three and six months ended November 30, 2019, respectively.
Summary of Activity in Restructuring Reserves	A summary of the activity in the restructuring reserves related to our MAP to Growth is as follows: (in thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at August 31, 2020 $ 4,893 $ 6,138 $ - $ 11,031 Additions charged to expense 2,135 2,288 495 4,918 Cash payments charged against reserve (2,373 ) (2,530 ) (335 ) (5,238 ) Non-cash charges included above (i) - - (160 ) (160 ) Balance at November 30, 2020 $ 4,655 $ 5,896 $ - $ 10,551 (In thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at June 1, 2020 $ 7,357 $ 5,880 $ - 13,237 Additions charged to expense 4,612 3,809 730 9,151 Cash payments charged against reserve (7,314 ) (3,793 ) (335 ) (11,442 ) Non-cash charges included above (i) - - (395 ) (395 ) Balance at November 30, 2020 $ 4,655 $ 5,896 $ - $ 10,551 (In thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at August 31, 2019 $ 2,946 $ 9,430 $ - $ 12,376 Additions charged to expense 2,729 1,821 251 4,801 Cash payments charged against reserve (2,109 ) (5,016 ) - (7,125 ) Non-cash charges included above (i) - (155 ) (251 ) (406 ) Balance at November 30, 2019 $ 3,566 $ 6,080 $ - $ 9,646 (In thousands) Severance and Benefits Costs Facility Closure and Other Related Costs Other Restructuring Costs Total Balance at June 1, 2019 $ 4,837 $ 7,857 $ - $ 12,694 Additions charged to expense 6,515 4,593 315 11,423 Cash payments charged against reserve (7,786 ) (5,350 ) - (13,136 ) Non-cash charges included above (i) - (1,020 ) (315 ) (1,335 ) Balance at November 30, 2019 $ 3,566 $ 6,080 $ - $ 9,646 ( i ) Non-cash charges primarily include accelerated vesting of equity awards and asset-write offs.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Nov. 30, 2020
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 addition, with respect to our derivative assets and liabilities measured at fair value, refer to Note 5, “Derivatives and Hedging” for discussion of their classification within the fair value hierarchy. (In thousands) Quoted in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at November 30, 2020 Available-for-sale debt securities: U.S. Treasury and other government $ - $ 26,955 $ - $ 26,955 Corporate bonds - 194 - 194 Total available-for-sale debt securities - 27,149 - 27,149 Marketable equity securities: Stocks - domestic 6,548 - - 6,548 Mutual funds - foreign - 36,639 - 36,639 Mutual funds - domestic - 73,122 - 73,122 Total marketable equity securities 6,548 109,761 - 116,309 Contingent consideration - - (15,954 ) (15,954 ) Total $ 6,548 $ 136,910 $ (15,954 ) $ 127,504 (In thousands) Quoted in Active Markets for Identical (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at May 31, 2020 Available-for-sale debt securities: U.S. Treasury and other government $ - $ 26,736 $ - $ 26,736 Corporate bonds - 186 - 186 Total available-for-sale debt securities - 26,922 - 26,922 Marketable equity securities: Stocks - domestic 3,870 - - 3,870 Mutual funds - foreign - 28,815 - 28,815 Mutual funds - domestic - 63,536 - 63,536 Total marketable equity securities 3,870 92,351 - 96,221 Contingent consideration - - (15,682 ) (15,682 ) Total $ 3,870 $ 119,273 $ (15,682 ) $ 107,461
Fair Value and Carrying Value of Financial Instruments and Long-Term Debt	Based on the analysis performed, the fair value and the carrying value of our financial instruments and long-term debt as of November 30, 2020 and May 31, 2020 are as follows: At November 30, 2020 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 272,945 $ 272,945 Marketable equity securities 116,309 116,309 Available-for-sale debt securities 27,149 27,149 Long-term debt, including current portion 2,300,336 2,528,830 At May 31, 2020 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 233,416 $ 233,416 Marketable equity securities 87,111 87,111 Available-for-sale debt securities 26,922 26,922 Long-term debt, including current portion 2,539,180 2,618,719

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	6 Months Ended
	Nov. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Instruments for Gains or Losses Initially Recognized in AOCI in Consolidated Balance Sheet	The following table summarizes the location and effects of our derivatives instruments on the Consolidated Statements of Comprehensive Income and Consolidated Statements of Income for gains or losses initially recognized in AOCI in the Consolidated Balance Sheet: Pretax gain/(loss) recognized in AOCI Pretax gain/(loss) reclassified from AOCI into income (In thousands) Three Months Ended Three Months Ended Derivatives in hedging relationships November 30, 2020 November 30, 2019 Income statement location November 30, 2020 November 30, 2019 Interest rate swap (cash flow) $ (149 ) $ - Interest expense $ (846 ) $ - Cross currency swap (cash flow) 51 - Interest income 160 - Cross currency swap (cash flow) - - Foreign exchange gain 75 - Cross currency swap (net investment) (957 ) 73 Gain or (loss) on sale of subsidiary - - Total $ (1,055 ) $ 73 $ (611 ) $ - Pretax gain/(loss) recognized in AOCI Pretax gain/(loss) reclassified from AOCI into income (In thousands) Six Months Ended Six Months Ended Derivatives in hedging relationships November 30, 2020 November 30, 2019 Income Statement Location November 30, 2020 November 30, 2019 Interest rate swap (cash flow) $ (747 ) $ - Interest expense $ (1,613 ) $ - Cross currency swap (cash flow) (7,304 ) - Interest income 351 - Cross currency swap (cash flow) - - Foreign exchange (loss) (7,380 ) - Cross currency swap (net investment) (24,090 ) 1,469 Gain or (loss) on sale of subsidiary - - Total $ (32,141 ) $ 1,469 $ (8,642 ) $ -
Schedule of Fair Values of Qualifying and Non-Qualifying Instruments Used in Hedging Transactions	The fair values of qualifying and non-qualifying instruments used in hedging transactions as of November 30, 2020 and May 31, 2020 are as follows: (In thousands) Fair Value Derivatives Designated as Hedging Instruments Balance Sheet Location November 30, 2020 May 31, 2020 Assets: Cross Currency Swap (Net Investment) Other Current Assets $ 5,681 $ 5,352 Cross Currency Swap (Cash Flow) Other Current Assets 604 750 Cross Currency Swap (Net Investment) Other Assets (Long-Term) - 12,409 Liabilities: Interest Rate Swap (Cash Flow) Other Accrued Liabilities $ 3,323 $ 2,981 Cross Currency Swap (Net Investment) Other Accrued Liabilities 726 294 Cross Currency Swap (Net Investment) Other Long-Term Liabilities 30,557 18,204 Cross Currency Swap (Cash Flow) Other Long-Term Liabilities 11,394 3,608 Interest Rate Swap (Cash Flow) Other Long-Term Liabilities 3,978 5,187 (In thousands) Fair Value Derivatives Not Designated as Hedging Instruments Balance Sheet Location November 30, 2020 May 31, 2020 Liabilities: Foreign Currency Exchange Other Accrued Liabilities $ 394 $ 53

Investment (Income), Net (Table

Investment (Income), Net (Tables)	6 Months Ended
	Nov. 30, 2020
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) 2020 2019 2020 2019 Interest (income) $ (774 ) $ (1,429 ) $ (1,441 ) $ (2,776 ) Net (gain) on marketable securities (8,388 ) (6,939 ) (20,172 ) (10,479 ) Dividend (income) (357 ) (437 ) (668 ) (935 ) Investment (income), net $ (9,519 ) $ (8,805 ) $ (22,281 ) $ (14,190 )
Net (Gain) on Marketable Securities	Net (Gain) on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2020 2019 2020 2019 Unrealized (gains) on marketable equity securities $ (7,863 ) $ (7,062 ) $ (21,819 ) $ (10,538 ) Realized (gains) losses on marketable equity securities (548 ) 114 1,624 46 Realized losses on available-for-sale debt securities 23 9 23 13 Net (gain) on marketable securities $ (8,388 ) $ (6,939 ) $ (20,172 ) $ (10,479 )

Other Expense, Net (Tables)

Other Expense, Net (Tables)	6 Months Ended
	Nov. 30, 2020
Other Income And Expenses [Abstract]
Other Expense, Net	Other expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2020 2019 2020 2019 Royalty (income) expense, net $ 60 $ (360 ) $ 29 $ (94 ) (Income) expense related to unconsolidated equity affiliates (297 ) (65 ) (484 ) 25 Pension non-service costs 3,370 1,550 6,706 2,979 Loss on divestiture (a) — 826 — 826 Other expense, net $ 3,133 $ 1,951 $ 6,251 $ 3,736 (a) Reflects the loss incurred upon divestiture of a contracting business located in Australia, which had reported through our PCG segment.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 30, 2020
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, 2020 May 31, 2020 Raw material and supplies $ 341,551 $ 282,579 Finished goods 488,066 527,869 Total Inventory, Net of Reserves $ 829,617 $ 810,448

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Nov. 30, 2020
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 for the three- and six-month periods ended November 30, 2020 and 2019. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2020 2019 2020 2019 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 127,659 $ 77,030 $ 308,254 $ 183,218 Less: Allocation of earnings and dividends to participating securities (1,130 ) (548 ) (2,517 ) (1,167 ) Net income available to common shareholders - basic 126,529 76,482 305,737 182,051 Add: Undistributed earnings reallocated to unvested shareholders 4 1 9 3 Net income available to common shareholders - diluted $ 126,533 $ 76,483 $ 305,746 $ 182,054 Denominator for basic and diluted earnings per share: Basic weighted average common shares 128,500 128,393 128,459 128,639 Average diluted options and awards 590 686 619 655 Total shares for diluted earnings per share (1) 129,090 129,079 129,078 129,294 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 0.98 $ 0.60 $ 2.38 $ 1.42 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 0.98 $ 0.59 $ 2.37 $ 1.41 Method used to calculate diluted earnings per share Two-class Two-class Two-class Two-class ( 1 ) Restricted shares totaling 225,500 and 339,550 for the three and six months ended November 30, 2020, respectively and 178,000 the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no shares of restricted stock identified as being anti-dilutive for the three months ended November 30, 2019. In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and six months ended November 30, 2020, respectively, and 790,000 for the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no SARs identified as being anti-dilutive for the three months ended November 30, 2019.

Pension Plans (Tables)

Pension Plans (Tables)	6 Months Ended
	Nov. 30, 2020
Compensation And Retirement Disclosure [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 months ended November 30, 2020 and 2019: 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 2020 2019 2020 2019 Service cost $ 11,130 $ 9,856 $ 1,406 $ 1,391 Interest cost 3,806 5,104 1,122 1,193 Expected return on plan assets (8,279 ) (8,573 ) (1,607 ) (1,834 ) Amortization of: Prior service cost (credit) 2 2 (35 ) (9 ) Net actuarial losses recognized 7,501 4,629 526 523 Net Periodic Benefit Cost $ 14,160 $ 11,018 $ 1,412 $ 1,264 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 2020 2019 2020 2019 Service cost $ - $ - $ 431 $ 429 Interest cost 19 37 283 282 Amortization of: Prior service (credit) (42 ) (55 ) - - Net actuarial (gains) losses recognized 10 (16 ) 130 158 Net Periodic Benefit (Credit) Cost $ (13 ) $ (34 ) $ 844 $ 869 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 2020 2019 2020 2019 Service cost $ 22,260 $ 19,712 $ 2,812 $ 2,782 Interest cost 7,612 10,208 2,244 2,386 Expected return on plan assets (16,558 ) (17,146 ) (3,214 ) (3,668 ) Amortization of: Prior service cost (credit) 4 4 (70 ) (18 ) Net actuarial losses recognized 15,002 9,258 1,052 1,046 Net Periodic Benefit Cost $ 28,320 $ 22,036 $ 2,824 $ 2,528 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 2020 2019 2020 2019 Service cost $ - $ - $ 862 $ 858 Interest cost 38 74 566 564 Amortization of: Prior service (credit) (84 ) (110 ) - - Net actuarial (gains) losses recognized 20 (32 ) 260 316 Net Periodic Benefit (Credit) Cost $ (26 ) $ (68 ) $ 1,688 $ 1,738

Contingencies and Accrued Los_2

Contingencies and Accrued Losses (Tables)	6 Months Ended
	Nov. 30, 2020
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) 2020 2019 2020 2019 Beginning Balance $ 12,836 $ 10,069 $ 11,106 $ 10,414 Deductions (1) (7,652 ) (5,721 ) (13,582 ) (11,380 ) Provision charged to expense 6,866 6,207 14,526 11,521 Ending Balance $ 12,050 $ 10,555 $ 12,050 $ 10,555 (1) Primarily claims paid during the year.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Nov. 30, 2020
Revenue From Contract With Customer [Abstract]
Trade Accounts Receivable Net of Allowances and Net Contract Assets (Liabilities)	Trade accounts receivable, net of allowances, and net contract assets (liabilities) consisted of the following: (In thousands, except percentages) November 30, 2020 August 31, 2020 $ Change % Change Trade accounts receivable, less allowances $ 1,081,841 $ 1,159,130 $ (77,289 ) -6.7 % Contract assets $ 27,154 $ 36,292 $ (9,138 ) -25.2 % Contract liabilities - short-term (28,310 ) (25,605 ) (2,705 ) 10.6 % Net Contract Assets (Liabilities) $ (1,156 ) $ 10,687 $ (11,843 ) -110.8 % (In thousands, except percentages) November 30, 2020 May 31, 2020 $ Change % Change Trade accounts receivable, less allowances $ 1,081,841 $ 1,137,957 $ (56,116 ) -4.9 % Contract assets $ 27,154 $ 25,249 $ 1,905 7.5 % Contract liabilities - short-term (28,310 ) (25,288 ) (3,022 ) 12.0 % Net Contract (Liabilities) $ (1,156 ) $ (39 ) $ (1,117 )
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, 2020: (In thousands) Balance at August 31, 2020 $ 55,927 Bad debt provision (106 ) Uncollectible accounts written off, net of recoveries (2,493 ) Translation adjustments 214 Balance at November 30, 2020 $ 53,542 (In thousands) Balance at June 1, 2020 $ 55,847 Bad debt provision 1,168 Uncollectible accounts written off, net of recoveries (5,347 ) Translation adjustments 1,874 Balance at November 30, 2020 $ 53,542

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Nov. 30, 2020
Segment Reporting [Abstract]
Results of Reportable Segments	The following tables present a disaggregation of revenues by geography, and reflect 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, 2020 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 261,092 $ 148,480 $ 441,235 $ 140,212 $ 991,019 Foreign Canada 48,686 18,196 29,460 2,209 98,551 Europe 129,586 63,891 63,454 21,644 278,575 Latin America 40,137 7,139 8,769 415 56,460 Asia Pacific 20,948 5,797 4,590 11,574 42,909 Other Foreign 3,071 15,330 - - 18,401 Total Foreign 242,428 110,353 106,273 35,842 494,896 Total $ 503,520 $ 258,833 $ 547,508 $ 176,054 $ 1,485,915 Three Months Ended November 30, 2019 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 270,908 $ 173,747 $ 358,500 $ 124,560 $ 927,715 Foreign Canada 46,199 19,309 27,075 2,555 95,138 Europe 117,548 69,999 48,741 20,946 257,234 Latin America 43,084 8,842 7,327 349 59,602 Asia Pacific 19,468 6,670 6,874 9,760 42,772 Other Foreign 2,303 14,145 2,383 - 18,831 Total Foreign 228,602 118,965 92,400 33,610 473,577 Total $ 499,510 $ 292,712 $ 450,900 $ 158,170 $ 1,401,292 Six Months Ended November 30, 2020 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 589,053 $ 304,542 $ 950,819 $ 273,710 $ 2,118,124 Foreign Canada 104,328 35,309 78,368 4,129 222,134 Europe 238,305 127,526 131,064 38,639 535,534 Latin America 74,990 12,733 16,161 880 104,764 Asia Pacific 38,588 10,682 12,264 16,720 78,254 Other Foreign 5,946 27,830 - - 33,776 Total Foreign 462,157 214,080 237,857 60,368 974,462 Total $ 1,051,210 $ 518,622 $ 1,188,676 $ 334,078 $ 3,092,586 Six Months Ended November 30, 2019 CPG Segment PCG Segment Consumer Segment SPG Segment Consolidated (In thousands) Net Sales (based on shipping location) United States $ 578,567 $ 355,653 $ 739,729 $ 256,291 $ 1,930,240 Foreign Canada 96,642 40,282 59,580 4,783 201,287 Europe 231,850 134,458 99,750 41,785 507,843 Latin America 85,931 17,283 13,642 781 117,637 Asia Pacific 39,864 14,094 13,055 14,618 81,631 Other Foreign 2,761 28,183 4,474 - 35,418 Total Foreign 457,048 234,300 190,501 61,967 943,816 Total $ 1,035,615 $ 589,953 $ 930,230 $ 318,258 $ 2,874,056 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2020 2019 2020 2019 CPG Segment $ 71,832 $ 57,123 $ 170,182 $ 139,803 PCG Segment 24,047 33,320 52,561 61,377 Consumer Segment 88,368 34,456 221,089 93,614 SPG Segment 28,406 18,762 48,855 42,089 Corporate/Other (45,697 ) (41,908 ) (84,362 ) (92,281 ) Consolidated $ 166,956 $ 101,753 $ 408,325 $ 244,602 (In thousands) November 30, May 31, Identifiable Assets 2020 2020 CPG Segment $ 1,631,168 $ 1,622,632 PCG Segment 951,588 925,569 Consumer Segment 2,133,079 2,067,017 SPG Segment 754,153 728,449 Corporate/Other 320,220 287,287 Consolidated $ 5,790,208 $ 5,630,954

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Nov. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill, by Reportable Segment	The following table summarizes the changes in the carrying amount of goodwill, by reportable segment, for the periods presented: CPG PCG Consumer SPG (In thousands) Segment Segment Segment Segment Total Balance as of May 31, 2020 $ 405,354 $ 185,404 $ 496,218 $ 163,090 $ 1,250,066 Translation adjustments & other 21,396 265 4,075 2,732 28,468 Balance as of August 31, 2020 426,750 185,669 500,293 165,822 1,278,534 Acquisitions - - 20,126 - 20,126 Translation adjustments 1,238 458 (145 ) 566 2,117 Balance as of November 30, 2020 $ 427,988 $ 186,127 $ 520,274 $ 166,388 $ 1,300,777

Consolidation, Noncontrolling_2

Consolidation, Noncontrolling Interests and Basis of Presentation - Additional Information (Detail)	Nov. 30, 2020
Accounting Policies [Abstract]
Percentage of controlled subsidiary's earnings	100.00%

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail)	Nov. 30, 2020
ASU 2016-13
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. 1, 2020
ASU 2017-04
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. 1, 2020
ASU 2018-13
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. 1, 2020

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - MAP to Growth - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Restructuring Cost And Reserve [Line Items]
Decrease in current total expected costs		$ 3.4
Consumer Segment | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Inventory-related charges	$ 6.3		$ 7.2
PCG Segment | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Inventory-related charges	$ 1		3.1
CPG Segment | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Inventory-related charges			$ 0.3
Severance and Benefit Charges
Restructuring Cost And Reserve [Line Items]
Decrease in current total expected costs		4.5
Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Increase in current total expected costs		0.6
Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Increase in current total expected costs		$ 0.5

Summary of Charges Recorded in

Summary of Charges Recorded in Connection with Restructuring by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Restructuring Cost And Reserve [Line Items]
Current Year Charges	$ 4,918	$ 4,801	$ 9,151	$ 11,423
MAP to Growth
Restructuring Cost And Reserve [Line Items]
Current Year Charges	4,918	4,801	9,151	11,423
Cumulative Costs to Date	102,083		102,083
Total Expected Costs	112,402		112,402
MAP to Growth | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	2,135	2,729	4,612	6,515
Cumulative Costs to Date	66,835		66,835
Total Expected Costs	69,894		69,894
MAP to Growth | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	495	251	730	315
Cumulative Costs to Date	8,512		8,512
Total Expected Costs	9,177		9,177
MAP to Growth | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	2,288	1,821	3,809	4,593
Cumulative Costs to Date	26,736		26,736
Total Expected Costs	33,331		33,331
MAP to Growth | Construction Products Segment
Restructuring Cost And Reserve [Line Items]
Current Year Charges	1,896	1,596	2,481	2,444
Cumulative Costs to Date	26,992		26,992
Total Expected Costs	29,705		29,705
MAP to Growth | Construction Products Segment | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	1,394	1,447	1,574	1,607
Cumulative Costs to Date	19,668		19,668
Total Expected Costs	20,568		20,568
MAP to Growth | Construction Products Segment | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	62	39	99	39
Cumulative Costs to Date	2,039		2,039
Total Expected Costs	2,634		2,634
MAP to Growth | Construction Products Segment | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	440	110	808	798
Cumulative Costs to Date	5,285		5,285
Total Expected Costs	6,503		6,503
MAP to Growth | Performance Coatings Segment
Restructuring Cost And Reserve [Line Items]
Current Year Charges	1,542	1,239	2,898	3,848
Cumulative Costs to Date	22,231		22,231
Total Expected Costs	25,443		25,443
MAP to Growth | Performance Coatings Segment | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	802	431	1,841	2,931
Cumulative Costs to Date	15,226		15,226
Total Expected Costs	16,714		16,714
MAP to Growth | Performance Coatings Segment | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	184	172	213	172
Cumulative Costs to Date	814		814
Total Expected Costs	824		824
MAP to Growth | Performance Coatings Segment | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	556	636	844	745
Cumulative Costs to Date	6,191		6,191
Total Expected Costs	7,905		7,905
MAP to Growth | Consumer Segment
Restructuring Cost And Reserve [Line Items]
Current Year Charges	985	1,124	2,470	2,407
Cumulative Costs to Date	25,993		25,993
Total Expected Costs	28,453		28,453
MAP to Growth | Consumer Segment | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	(4)	780	786	1,547
Cumulative Costs to Date	11,253		11,253
Total Expected Costs	11,253		11,253
MAP to Growth | Consumer Segment | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	204		302
Cumulative Costs to Date	4,421		4,421
Total Expected Costs	4,481		4,481
MAP to Growth | Consumer Segment | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	785	344	1,382	860
Cumulative Costs to Date	10,319		10,319
Total Expected Costs	12,719		12,719
MAP to Growth | Specialty Products Group ("SPG") Segment
Restructuring Cost And Reserve [Line Items]
Current Year Charges	495	819	1,302	2,708
Cumulative Costs to Date	13,520		13,520
Total Expected Costs	15,454		15,454
MAP to Growth | Specialty Products Group ("SPG") Segment | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	(57)	48	411	414
Cumulative Costs to Date	7,341		7,341
Total Expected Costs	8,012		8,012
MAP to Growth | Specialty Products Group ("SPG") Segment | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	45	40	116	104
Cumulative Costs to Date	1,238		1,238
Total Expected Costs	1,238		1,238
MAP to Growth | Specialty Products Group ("SPG") Segment | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges	507	731	775	2,190
Cumulative Costs to Date	4,941		4,941
Total Expected Costs	6,204		6,204
MAP to Growth | Corporate/Other Segment
Restructuring Cost And Reserve [Line Items]
Current Year Charges		23		16
Cumulative Costs to Date	13,347		13,347
Total Expected Costs	13,347		13,347
MAP to Growth | Corporate/Other Segment | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Current Year Charges		$ 23		$ 16
Cumulative Costs to Date	13,347		13,347
Total Expected Costs	$ 13,347		$ 13,347

Summary of Charges Recorded i_2

Summary of Charges Recorded in Connection with Restructuring by Reportable Segment (Parenthetical) (Detail) - MAP to Growth - Severance and Benefit Costs - Position	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Construction Products Segment
Restructuring Cost And Reserve [Line Items]
Number of positions eliminated	12	25	21	46
Specialty Products Group ("SPG") Segment
Restructuring Cost And Reserve [Line Items]
Number of positions eliminated	1	49	24	59
Number of positions not eliminated	5
Performance Coatings Segment
Restructuring Cost And Reserve [Line Items]
Number of positions eliminated	11	18	50	69
Consumer Segment
Restructuring Cost And Reserve [Line Items]
Number of positions eliminated		9	3	11

Summary of Activity in Restruct

Summary of Activity in Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Restructuring Cost And Reserve [Line Items]
Additions charged to expense	$ 4,918	$ 4,801	$ 9,151	$ 11,423
MAP to Growth
Restructuring Cost And Reserve [Line Items]
Beginning balance	11,031	12,376	13,237	12,694
Additions charged to expense	4,918	4,801	9,151	11,423
Cash payments charged against reserve	(5,238)	(7,125)	(11,442)	(13,136)
Non-cash charges included above	(160)	(406)	(395)	(1,335)
Ending balance	10,551	9,646	10,551	9,646
MAP to Growth | Severance and Benefit Costs
Restructuring Cost And Reserve [Line Items]
Beginning balance	4,893	2,946	7,357	4,837
Additions charged to expense	2,135	2,729	4,612	6,515
Cash payments charged against reserve	(2,373)	(2,109)	(7,314)	(7,786)
Ending balance	4,655	3,566	4,655	3,566
MAP to Growth | Facility Closure and Other Related Costs
Restructuring Cost And Reserve [Line Items]
Beginning balance	6,138	9,430	5,880	7,857
Additions charged to expense	2,288	1,821	3,809	4,593
Cash payments charged against reserve	(2,530)	(5,016)	(3,793)	(5,350)
Non-cash charges included above		(155)		(1,020)
Ending balance	5,896	6,080	5,896	6,080
MAP to Growth | Other Restructuring Costs
Restructuring Cost And Reserve [Line Items]
Additions charged to expense	495	251	730	315
Cash payments charged against reserve	(335)		(335)
Non-cash charges included above	$ (160)	$ (251)	$ (395)	$ (315)

Assets and Liabilities Measured

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, 2020	May 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	$ 27,149	$ 26,922
Total marketable equity securities	116,309	96,221
Assets (liabilities) at fair value	127,504	107,461
U.S. Treasury and other government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	26,955	26,736
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	194	186
Stocks | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	6,548	3,870
Mutual funds | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	36,639	28,815
Mutual funds | Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	73,122	63,536
Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	(15,954)	(15,682)
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	6,548	3,870
Assets (liabilities) at fair value	6,548	3,870
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	6,548	3,870
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	27,149	26,922
Total marketable equity securities	109,761	92,351
Assets (liabilities) at fair value	136,910	119,273
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 securities	26,955	26,736
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 securities	194	186
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	36,639	28,815
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	73,122	63,536
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets (liabilities) at fair value	(15,954)	(15,682)
Significant Unobservable Inputs (Level 3) | Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ (15,954)	$ (15,682)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Fair Value Disclosures [Abstract]
Settlements of contingent consideration obligations	$ 2.8	$ 5.9
Increase in accrual related to fair value adjustments	$ 2.7

Fair Value and Carrying Value o

Fair Value and Carrying Value of Financial Instruments and Long-Term Debt (Detail) - USD ($) $ in Thousands	Nov. 30, 2020	May 31, 2020
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 272,945	$ 233,416
Marketable equity securities	116,309	87,111
Available-for-sale debt securities	27,149	26,922
Long-term debt, including current portion	2,300,336	2,539,180
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	272,945	233,416
Marketable equity securities	116,309	87,111
Available-for-sale debt securities	27,149	26,922
Long-term debt, including current portion	$ 2,528,830	$ 2,618,719

Derivatives and Hedging - Addit

Derivatives and Hedging - Additional Information (Detail)	Oct. 31, 2017USD ($)CrossCurrencySwap	Feb. 29, 2020USD ($)CrossCurrencySwap	Nov. 30, 2020USD ($)ForwardContract	May 31, 2020USD ($)ForwardContract	Feb. 29, 2020EUR (€)CrossCurrencySwap	Oct. 31, 2017EUR (€)CrossCurrencySwap
Derivatives Designated as Hedging Instruments
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Number of cross currency swaps executed | CrossCurrencySwap	2					2
Notional amount	$ 100,000,000					€ 85,250,000
Derivative instruments maturity date	2022-11
Number of cross currency swaps terminated | CrossCurrencySwap		2			2
Cash received on derivative fair value hedge | $		$ 9,300,000
Discontinuation of price risk cash flow hedge			hedge accounting was discontinued and a hedge accounting adjustment to our Senior Notes of $1.5 million was recorded and is being amortized to interest expense in the Consolidated Statements of Income through the termination of the 3.450% Notes in November 2022. Changes in the fair value of the cross currency swaps due to spot foreign exchange rates are recorded as cumulative translation adjustment within AOCI and will remain in AOCI until either the sale or substantially complete liquidation of the hedged subsidiaries
Derivatives Designated as Hedging Instruments | Variable Interest Rate
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Number of cross currency swaps executed | CrossCurrencySwap		2			2
Notional amount		$ 300,000,000			€ 277,730,000
Derivative instruments maturity date		2023-02
Derivatives Designated as Hedging Instruments | Foreign Borrower's Term Loan | Variable Interest Rate
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Notional amount		$ 100,000,000			€ 92,520,000
Derivative instruments maturity date		2023-02
Derivatives Designated as Hedging Instruments | 3.450% Senior Notes November 2022
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Debt instrument, interest rate, stated percentage		3.45%			3.45%
Derivatives Designated as Hedging Instruments | 3.450% Senior Notes November 2022 | Interest Expense
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Discontinued hedge accounting adjustment to senior Notes | $		$ 1,500,000
Derivatives Not Designated as Hedges
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Number of foreign currency forward contract held | ForwardContract			1	1
Derivatives Not Designated as Hedges | Forward Contracts Held to Purchase Foreign Currencies
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Notional amount | $			$ 133,500,000	$ 63,200,000

Derivatives and Hedging - Sched

Derivatives and Hedging - Schedule of Derivatives Instruments for Gains or Losses Initially Recognized in AOCI in Consolidated Balance Sheet (Detail) - Derivatives Designated as Hedging Instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Pretax gain/(loss) recognized in AOCI	$ (1,055)	$ 73	$ (32,141)	$ 1,469
Pretax gain/(loss) reclassified from AOCI into income	(611)		(8,642)
Interest Rate Swap | Interest expense | Cash Flow
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Pretax gain/(loss) recognized in AOCI	(149)		(747)
Pretax gain/(loss) reclassified from AOCI into income, cash flow	(846)		$ (1,613)
Income Statement Location			Interest expense
Cross Currency Swap | Interest income | Cash Flow
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Pretax gain/(loss) recognized in AOCI	51		$ (7,304)
Pretax gain/(loss) reclassified from AOCI into income, cash flow	160		$ 351
Income Statement Location			Interest income
Cross Currency Swap | Foreign exchange gain (loss) | Cash Flow
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Pretax gain/(loss) reclassified from AOCI into income, cash flow	75		$ (7,380)
Income Statement Location			Foreign exchange gain (loss)
Cross Currency Swap | Gain or (loss) on sale of subsidiary | Net Investment
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Pretax gain/(loss) recognized in AOCI	$ (957)	$ 73	$ (24,090)	$ 1,469
Income Statement Location			Gain or (loss) on sale of subsidiary

Derivatives and Hedging - Sch_2

Derivatives and Hedging - Schedule of Fair Values of Qualifying and Non-Qualifying Instruments Used in Hedging Transactions (Detail) - USD ($) $ in Thousands	Nov. 30, 2020	May 31, 2020
Derivatives Designated as Hedging Instruments | Cross Currency Swap | Net Investment | Other Current Assets
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives assets	$ 5,681	$ 5,352
Derivatives Designated as Hedging Instruments | Cross Currency Swap | Net Investment | Other Assets (Long-Term)
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives assets		12,409
Derivatives Designated as Hedging Instruments | Cross Currency Swap | Net Investment | Other Accrued Liabilities
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives liabilities	726	294
Derivatives Designated as Hedging Instruments | Cross Currency Swap | Net Investment | Other Long-Term Liabilities
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives liabilities	30,557	18,204
Derivatives Designated as Hedging Instruments | Cross Currency Swap | Cash Flow | Other Current Assets
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives assets	604	750
Derivatives Designated as Hedging Instruments | Cross Currency Swap | Cash Flow | Other Long-Term Liabilities
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives liabilities	11,394	3,608
Derivatives Designated as Hedging Instruments | Interest Rate Swap | Cash Flow | Other Accrued Liabilities
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives liabilities	3,323	2,981
Derivatives Designated as Hedging Instruments | Interest Rate Swap | Cash Flow | Other Long-Term Liabilities
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives liabilities	3,978	5,187
Derivatives Not Designated as Hedging Instruments | Foreign Currency Exchange (Cash Flow) | Other Accrued Liabilities
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Fair value of derivatives liabilities	$ 394	$ 53

Investment (Income), Net (Detai

Investment (Income), Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Other Income And Expenses [Abstract]
Interest (income)	$ (774)	$ (1,429)	$ (1,441)	$ (2,776)
Net (gain) on marketable securities	(8,388)	(6,939)	(20,172)	(10,479)
Dividend (income)	(357)	(437)	(668)	(935)
Investment (income), net	$ (9,519)	$ (8,805)	$ (22,281)	$ (14,190)

Net (Gain) on Marketable Securi

Net (Gain) on Marketable Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
(In thousands)
Unrealized (gains) on marketable equity securities	$ (7,863)	$ (7,062)	$ (21,819)	$ (10,538)
Realized (gains) losses on marketable equity securities	(548)	114	1,624	46
Realized losses on available-for-sale debt securities	23	9	23	13
Net (gain) on marketable securities	$ (8,388)	$ (6,939)	$ (20,172)	$ (10,479)

Other Expense, Net (Detail)

Other Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Other Income And Expenses [Abstract]
Royalty (income) expense, net	$ 60	$ (360)	$ 29	$ (94)
(Income) expense related to unconsolidated equity affiliates	(297)	(65)	(484)	25
Pension non-service costs	3,370	1,550	6,706	2,979
Loss on divestiture		826		826
Other expense, net	$ 3,133	$ 1,951	$ 6,251	$ 3,736

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax expense rate	23.40%	24.00%	24.40%	24.80%
Corporate income tax rate	21.00%	21.00%	21.00%	21.00%
Deferred income tax liability	$ 12,000,000		$ 12,000,000
Unremitted foreign earnings	434,200,000		434,200,000
Provision for deferred income taxes	$ 0		$ 0

Major Classes of Inventories, N

Major Classes of Inventories, Net of Reserves (Detail) - USD ($) $ in Thousands	Nov. 30, 2020	May 31, 2020
Inventory Disclosure [Abstract]
Raw material and supplies	$ 341,551	$ 282,579
Finished goods	488,066	527,869
Total Inventory, Net of Reserves	$ 829,617	$ 810,448

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Aug. 31, 2019	Nov. 30, 2020	Nov. 30, 2019	May 31, 2021
Stock Repurchase Programs [Line Items]
Authorization of stock repurchase program				Jan. 8, 2008
Shares repurchased	0	0		0	1,655,616
Shares repurchased, value			$ 100,000		$ 100,000
Repurchase of common stock price per shares					$ 60.40
Scenario Forecast
Stock Repurchase Programs [Line Items]
Capital to be returned to stockholders through share repurchases						$ 1,000,000
Stock repurchase program, remaining authorized repurchase, value						$ 600,000

Reconciliation of Numerator and

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, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders		$ 127,659	$ 77,030	$ 308,254	$ 183,218
Less: Allocation of earnings and dividends to participating securities		(1,130)	(548)	(2,517)	(1,167)
Net income available to common shareholders - basic		126,529	76,482	305,737	182,051
Add: Undistributed earnings reallocated to unvested shareholders		4	1	9	3
Net income available to common shareholders - diluted		$ 126,533	$ 76,483	$ 305,746	$ 182,054
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		128,500	128,393	128,459	128,639
Average diluted options and awards		590	686	619	655
Total shares for diluted earnings per share	[1]	129,090	129,079	129,078	129,294
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock		$ 0.98	$ 0.60	$ 2.38	$ 1.42
Method used to calculate basic earnings per share		Two-class	Two-class	Two-class	Two-class
Diluted Earnings Per Share of Common Stock		$ 0.98	$ 0.59	$ 2.37	$ 1.41
Method used to calculate diluted earnings per share		Two-class	Two-class	Two-class	Two-class
[1]	Restricted shares totaling 225,500 and 339,550 for the three and six months ended November 30, 2020, respectively and 178,000 the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive. There were no shares of restricted stock identified as being anti-dilutive for the three months ended November 30, 2019.  In addition, stock appreciation rights (“SARs”) totaling 360,000 and for the three and six months ended November 30, 2020, respectively, and 790,000 for the six months ended November 30, 2019, were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive.  There were no SARs identified as being anti-dilutive for the three months ended November 30, 2019.

Reconciliation of Numerator a_2

Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Restricted shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	225,500	0	339,550	178,000
Stock appreciation rights (SARs)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	360,000	0	360,000	790,000

Retirement-Related Benefit Plan

Retirement-Related Benefit Plans' Impact on Income Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Pension Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 11,130	$ 9,856	$ 22,260	$ 19,712
Interest cost	3,806	5,104	7,612	10,208
Expected return on plan assets	(8,279)	(8,573)	(16,558)	(17,146)
Prior service cost (credit)	2	2	4	4
Net actuarial (gains) losses recognized	7,501	4,629	15,002	9,258
Net Periodic Benefit (Credit) Cost	14,160	11,018	28,320	22,036
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	1,406	1,391	2,812	2,782
Interest cost	1,122	1,193	2,244	2,386
Expected return on plan assets	(1,607)	(1,834)	(3,214)	(3,668)
Prior service cost (credit)	(35)	(9)	(70)	(18)
Net actuarial (gains) losses recognized	526	523	1,052	1,046
Net Periodic Benefit (Credit) Cost	1,412	1,264	2,824	2,528
Postretirement Benefits | U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	19	37	38	74
Prior service cost (credit)	(42)	(55)	(84)	(110)
Net actuarial (gains) losses recognized	10	(16)	20	(32)
Net Periodic Benefit (Credit) Cost	(13)	(34)	(26)	(68)
Postretirement Benefits | Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	431	429	862	858
Interest cost	283	282	566	564
Net actuarial (gains) losses recognized	130	158	260	316
Net Periodic Benefit (Credit) Cost	$ 844	$ 869	$ 1,688	$ 1,738

Pension Plans - Additional Info

Pension Plans - Additional Information (Detail) - Pension Benefits	Nov. 30, 2020USD ($)
U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to retirement plans the current fiscal year	$ 8,000
Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution to retirement plans the current fiscal year	$ 6,700,000

Changes in Accrued Warranty Bal

Changes in Accrued Warranty Balances (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Beginning Balance		$ 12,836	$ 10,069	$ 11,106	$ 10,414
Deductions	[1]	(7,652)	(5,721)	(13,582)	(11,380)
Provision charged to expense		6,866	6,207	14,526	11,521
Ending Balance		$ 12,050	$ 10,555	$ 12,050	$ 10,555
[1]	Primarily claims paid during the year.

Contingencies and Accrued Los_3

Contingencies and Accrued Losses - Additional Information (Detail) - USD ($)	Dec. 22, 2020	Nov. 30, 2020	Nov. 30, 2019	Feb. 28, 2013	Nov. 30, 2012	Aug. 31, 2012	Nov. 30, 2020	Nov. 30, 2019
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in net income due to restatement effect		$ 127,659,000	$ 77,030,000				$ 308,254,000	$ 183,218,000
Subsequent Event
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Penalty to be paid	$ 2,000,000
Subsequent Event | General Counsel
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Penalty to be paid	$ 22,500
Restatements
Error Corrections And Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in net income due to restatement effect				$ 18,000,000	$ (10,800,000)	$ (7,200,000)

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Thousands	3 Months Ended			6 Months Ended
	Nov. 30, 2020USD ($)	Aug. 31, 2020USD ($)	Nov. 30, 2019USD ($)	Nov. 30, 2020USD ($)Segment	Nov. 30, 2019USD ($)	May 31, 2020USD ($)
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
Decrease in net contract assets (liabilities)	$ 11,843			$ 1,117
Net Sales	1,485,915		$ 1,401,292	3,092,586	$ 2,874,056
Long-term deferred revenue	$ 66,900	$ 66,400		$ 66,900		$ 66,000
General Contracting And Roofing Services
Disaggregation Of Revenue [Line Items]
Net Sales		$ 40,400

Summary of Trade Accounts Recei

Summary of Trade Accounts Receivable Net of Allowances and Net Contract Assets (Liabilities) (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2020	Aug. 31, 2020	May 31, 2020
Disaggregation Of Revenue [Line Items]
Trade accounts receivable, less allowances	$ 1,081,841	$ 1,081,841	$ 1,159,130	$ 1,137,957
Contract assets	27,154	27,154	36,292	25,249
Contract liabilities - short-term	(28,310)	(28,310)	(25,605)	(25,288)
Net Contract Assets (Liabilities)	(1,156)	(1,156)	$ 10,687	$ (39)
Change in Contract with Customer, Asset and Liability [Abstract]
Change in trade accounts receivable, less allowance	(77,289)	(56,116)
Change in contract assets	(9,138)	1,905
Change in Net Contract Assets (Liabilities)	$ (11,843)	$ (1,117)
Percentage of change in trade accounts receivable, less allowance	(6.70%)	(4.90%)
Percentage of change in contract assets	(25.20%)	7.50%
Short-term
Change in Contract with Customer, Asset and Liability [Abstract]
Change in contract liabilities	$ (2,705)	$ (3,022)
Percentage of change in contract liabilities	10.60%	12.00%

Summary of Activity for Allowan

Summary of Activity for Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Nov. 30, 2020	Nov. 30, 2020
Accounts receivable, allowance for credit loss [Roll Forward]
Beginning balance	$ 55,927	$ 55,847
Bad debt provision	(106)	1,168
Uncollectible accounts written off, net of recoveries	(2,493)	(5,347)
Translation adjustments	214	1,874
Ending balance	$ 53,542	$ 53,542

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Nov. 30, 2020Segment
Segment Reporting [Abstract]
Number of operating segments	4

Results of Reportable Segments

Results of Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Nov. 30, 2020	Nov. 30, 2019	May 31, 2020
Segment Reporting Information [Line Items]
Net Sales	$ 1,485,915	$ 1,401,292	$ 3,092,586	$ 2,874,056
Income (Loss) Before Income Taxes	166,956	101,753	408,325	244,602
Identifiable Assets	5,790,208		5,790,208		$ 5,630,954
Domestic
Segment Reporting Information [Line Items]
Net Sales	991,019	927,715	2,118,124	1,930,240
Foreign
Segment Reporting Information [Line Items]
Net Sales	494,896	473,577	974,462	943,816
Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	98,551	95,138	222,134	201,287
Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	278,575	257,234	535,534	507,843
Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	56,460	59,602	104,764	117,637
Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	42,909	42,772	78,254	81,631
Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	18,401	18,831	33,776	35,418
Operating Segments | CPG Segment
Segment Reporting Information [Line Items]
Net Sales	503,520	499,510	1,051,210	1,035,615
Income (Loss) Before Income Taxes	71,832	57,123	170,182	139,803
Identifiable Assets	1,631,168		1,631,168		1,622,632
Operating Segments | CPG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	261,092	270,908	589,053	578,567
Operating Segments | CPG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	242,428	228,602	462,157	457,048
Operating Segments | CPG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	48,686	46,199	104,328	96,642
Operating Segments | CPG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	129,586	117,548	238,305	231,850
Operating Segments | CPG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	40,137	43,084	74,990	85,931
Operating Segments | CPG Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	20,948	19,468	38,588	39,864
Operating Segments | CPG Segment | Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	3,071	2,303	5,946	2,761
Operating Segments | PCG Segment
Segment Reporting Information [Line Items]
Net Sales	258,833	292,712	518,622	589,953
Income (Loss) Before Income Taxes	24,047	33,320	52,561	61,377
Identifiable Assets	951,588		951,588		925,569
Operating Segments | PCG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	148,480	173,747	304,542	355,653
Operating Segments | PCG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	110,353	118,965	214,080	234,300
Operating Segments | PCG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	18,196	19,309	35,309	40,282
Operating Segments | PCG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	63,891	69,999	127,526	134,458
Operating Segments | PCG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	7,139	8,842	12,733	17,283
Operating Segments | PCG Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	5,797	6,670	10,682	14,094
Operating Segments | PCG Segment | Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales	15,330	14,145	27,830	28,183
Operating Segments | Consumer Segment
Segment Reporting Information [Line Items]
Net Sales	547,508	450,900	1,188,676	930,230
Income (Loss) Before Income Taxes	88,368	34,456	221,089	93,614
Identifiable Assets	2,133,079		2,133,079		2,067,017
Operating Segments | Consumer Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	441,235	358,500	950,819	739,729
Operating Segments | Consumer Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	106,273	92,400	237,857	190,501
Operating Segments | Consumer Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	29,460	27,075	78,368	59,580
Operating Segments | Consumer Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	63,454	48,741	131,064	99,750
Operating Segments | Consumer Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	8,769	7,327	16,161	13,642
Operating Segments | Consumer Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	4,590	6,874	12,264	13,055
Operating Segments | Consumer Segment | Foreign | Other Foreign
Segment Reporting Information [Line Items]
Net Sales		2,383		4,474
Operating Segments | SPG Segment
Segment Reporting Information [Line Items]
Net Sales	176,054	158,170	334,078	318,258
Income (Loss) Before Income Taxes	28,406	18,762	48,855	42,089
Identifiable Assets	754,153		754,153		728,449
Operating Segments | SPG Segment | Domestic
Segment Reporting Information [Line Items]
Net Sales	140,212	124,560	273,710	256,291
Operating Segments | SPG Segment | Foreign
Segment Reporting Information [Line Items]
Net Sales	35,842	33,610	60,368	61,967
Operating Segments | SPG Segment | Foreign | Canada
Segment Reporting Information [Line Items]
Net Sales	2,209	2,555	4,129	4,783
Operating Segments | SPG Segment | Foreign | Europe
Segment Reporting Information [Line Items]
Net Sales	21,644	20,946	38,639	41,785
Operating Segments | SPG Segment | Foreign | Latin America
Segment Reporting Information [Line Items]
Net Sales	415	349	880	781
Operating Segments | SPG Segment | Foreign | Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	11,574	9,760	16,720	14,618
Corporate/Other
Segment Reporting Information [Line Items]
Income (Loss) Before Income Taxes	(45,697)	$ (41,908)	(84,362)	$ (92,281)
Identifiable Assets	$ 320,220		$ 320,220		$ 287,287

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill, by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2020	Aug. 31, 2020
Goodwill [Line Items]
Goodwill beginning balance	$ 1,278,534	$ 1,250,066
Acquisitions	20,126
Translation adjustments	2,117
Translation adjustments & other		28,468
Goodwill ending balance	1,300,777	1,278,534
CPG Segment
Goodwill [Line Items]
Goodwill beginning balance	426,750	405,354
Translation adjustments	1,238
Translation adjustments & other		21,396
Goodwill ending balance	427,988	426,750
PCG Segment
Goodwill [Line Items]
Goodwill beginning balance	185,669	185,404
Translation adjustments	458
Translation adjustments & other		265
Goodwill ending balance	186,127	185,669
Consumer Segment
Goodwill [Line Items]
Goodwill beginning balance	500,293	496,218
Acquisitions	20,126
Translation adjustments	(145)
Translation adjustments & other		4,075
Goodwill ending balance	520,274	500,293
SPG Segment
Goodwill [Line Items]
Goodwill beginning balance	165,822	163,090
Translation adjustments	566
Translation adjustments & other		2,732
Goodwill ending balance	$ 166,388	$ 165,822