Cintas (CTAS) 10-Q 5 Apr 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Feb. 29, 2024	Mar. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 29, 2024
Document Transition Report	false
Entity File Number	0-11399
Entity Registrant Name	Cintas Corporation
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	31-1188630
Entity Address, Address Line One	6800 Cintas Boulevard
Entity Address, Address Line Two	P.O. Box 625737
Entity Address, City or Town	Cincinnati,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45262-5737
City Area Code	513
Local Phone Number	459-1200
Title of 12(b) Security	Common stock, no par value
Trading Symbol	CTAS
Security Exchange Name	NASDAQ
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 Common Stock, Shares Outstanding		101,463,249
Entity Central Index Key	0000723254
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Revenue:
Total revenue	$ 2,406,173	$ 2,189,986	$ 7,125,680	$ 6,531,298
Costs and expenses:
Selling and administrative expenses	667,048	587,219	1,949,928	1,752,724
Operating income	520,800	446,812	1,521,039	1,331,866
Interest income	(930)	(373)	(2,121)	(872)
Interest expense	25,530	28,819	76,664	85,459
Income before income taxes	496,200	418,366	1,446,496	1,247,279
Income taxes	98,621	92,539	289,219	245,470
Net income	$ 397,579	$ 325,827	$ 1,157,277	$ 1,001,809
Basic earnings per share (in dollars per share)	$ 3.90	$ 3.19	$ 11.34	$ 9.82
Diluted earnings per share (in dollars per share)	3.84	3.14	11.15	9.65
Dividends declared per share (in dollars per share)	$ 1.35	$ 1.15	$ 4.05	$ 3.45
Uniform Rental and Facility Services
Revenue:
Total revenue	$ 1,876,642	$ 1,716,165	$ 5,554,009	$ 5,123,924
Costs and expenses:
Cost of revenue	960,208	907,993	2,882,022	2,705,486
Other
Revenue:
Total revenue	529,531	473,821	1,571,671	1,407,374
Costs and expenses:
Cost of revenue	$ 258,117	$ 247,962	$ 772,691	$ 741,222

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 397,579	$ 325,827	$ 1,157,277	$ 1,001,809
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(450)	(7,972)	371	(37,079)
Change in fair value of interest rate lock agreements, net of tax (benefit) expense of $(1,726), $513, $4,195 and $3,364, respectively	(5,042)	1,501	12,256	9,829
Amortization of interest rate lock agreements, net of tax benefit of $(513), $(512), $(1,503) and $(1,537), respectively	(1,524)	(1,521)	(4,461)	(4,563)
Other, net of tax expense of $0, $0, $130 and $0, respectively	0	0	379	0
Other comprehensive (loss) income, net of tax (benefit) expense of $(2,239), $1, $2,822 and $1,827, respectively	(7,016)	(7,992)	8,545	(31,813)
Comprehensive income	$ 390,563	$ 317,835	$ 1,165,822	$ 969,996

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Statement of Comprehensive Income [Abstract]
Change in fair value of interest rate lock agreements, tax (benefit) expense	$ (1,726)	$ 513	$ 4,195	$ 3,364
Amortization of interest rate lock agreements, tax benefit	(513)	(512)	(1,503)	(1,537)
Other comprehensive income (loss), other adjustments, tax	0	0	130	0
Other comprehensive (loss) income, tax (benefit) expense	$ (2,239)	$ 1	$ 2,822	$ 1,827

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 29, 2024	May 31, 2023
Current assets:
Cash and cash equivalents	$ 128,483	$ 124,149
Accounts receivable, net	1,262,077	1,152,993
Inventories, net	451,215	506,604
Uniforms and other rental items in service	1,025,597	1,011,918
Prepaid expenses and other current assets	163,624	142,795
Total current assets	3,030,996	2,938,459
Property and equipment, net	1,505,810	1,396,476
Investments	294,261	247,191
Goodwill	3,212,432	3,056,201
Service contracts, net	335,863	346,574
Operating lease right-of-use assets, net	186,514	178,464
Other assets, net	412,999	382,991
Total assets	8,978,875	8,546,356
Current liabilities:
Accounts payable	307,941	302,292
Accrued compensation and related liabilities	182,669	239,086
Accrued liabilities	720,545	632,504
Income taxes, current	18,310	12,470
Operating lease liabilities, current	44,430	43,710
Total current liabilities	1,273,895	1,230,062
Long-term liabilities:
Debt due after one year	2,474,908	2,486,405
Deferred income taxes	481,177	498,356
Operating lease liabilities	146,060	138,278
Accrued liabilities	368,752	329,269
Total long-term liabilities	3,470,897	3,452,308
Shareholders’ equity:
Preferred stock, no par value: 100,000 shares authorized, none outstanding	0	0
Common stock, no par value, and paid-in capital	2,246,329	2,031,542
Retained earnings	10,341,248	9,597,315
Treasury stock	(8,439,817)	(7,842,649)
Accumulated other comprehensive income	86,323	77,778
Total shareholders’ equity	4,234,083	3,863,986
Total liabilities and shareholders' equity	$ 8,978,875	$ 8,546,356

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - shares	Feb. 29, 2024	May 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, authorized (in shares)	100,000	100,000
Preferred stock, outstanding (in shares)	0	0
Common stock, authorized (in shares)	425,000,000	425,000,000
Common stock, issued (in shares)	193,090,252	192,198,938
Common stock, outstanding (in shares)	101,444,090	101,732,148
Treasury stock (in shares)	91,646,162	90,466,790

CONSOLIDATED CONDENSED STATEM_4

CONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock and Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock
Beginning balance (in shares) at May. 31, 2022		190,838,000
Beginning balance at May. 31, 2022	$ 3,308,196	$ 1,771,917	$ 8,719,163	$ 107,917	$ (7,290,801)
Beginning balance (in shares) at May. 31, 2022					(89,127,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	351,689		351,689
Comprehensive (loss) income, net of tax	(19,793)			(19,793)
Dividends	(117,461)		(117,461)
Stock-based compensation	26,282	$ 26,282
Vesting of stock-based compensation awards (in shares)		273,000
Stock options exercised (in shares)		543,000			(193,000)
Stock options exercised	1,047	$ 80,638			$ (79,591)
Repurchase of common stock (in shares)					(802,000)
Repurchase of common stock	(320,334)				$ (320,334)
Ending balance (in shares) at Aug. 31, 2022		191,654,000
Ending balance at Aug. 31, 2022	3,229,626	$ 1,878,837	8,953,391	88,124	$ (7,690,726)
Ending balance (in shares) at Aug. 31, 2022					(90,122,000)
Beginning balance (in shares) at May. 31, 2022		190,838,000
Beginning balance at May. 31, 2022	3,308,196	$ 1,771,917	8,719,163	107,917	$ (7,290,801)
Beginning balance (in shares) at May. 31, 2022					(89,127,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,001,809
Comprehensive (loss) income, net of tax	(31,813)
Repurchase of common stock	(370,917)
Ending balance (in shares) at Feb. 28, 2023		192,032,000
Ending balance at Feb. 28, 2023	3,633,256	$ 1,981,610	9,368,678	76,104	$ (7,793,136)
Ending balance (in shares) at Feb. 28, 2023					(90,359,000)
Beginning balance (in shares) at Aug. 31, 2022		191,654,000
Beginning balance at Aug. 31, 2022	3,229,626	$ 1,878,837	8,953,391	88,124	$ (7,690,726)
Beginning balance (in shares) at Aug. 31, 2022					(90,122,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	324,293		324,293
Comprehensive (loss) income, net of tax	(4,028)			(4,028)
Dividends	(117,338)		(117,338)
Stock-based compensation	25,255	$ 25,255
Vesting of stock-based compensation awards (in shares)		9,000
Stock options exercised (in shares)		194,000			(66,000)
Stock options exercised	1,078	$ 29,053			$ (27,975)
Repurchase of common stock (in shares)					(68,000)
Repurchase of common stock	(28,348)				$ (28,348)
Ending balance (in shares) at Nov. 30, 2022		191,857,000
Ending balance at Nov. 30, 2022	3,430,538	$ 1,933,145	9,160,346	84,096	$ (7,747,049)
Ending balance (in shares) at Nov. 30, 2022					(90,256,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	325,827		325,827
Comprehensive (loss) income, net of tax	(7,992)			(7,992)
Dividends	(117,495)		(117,495)
Stock-based compensation	23,797	$ 23,797
Vesting of stock-based compensation awards (in shares)		3,000
Stock options exercised (in shares)		172,000			(54,000)
Stock options exercised	816	$ 24,668			$ (23,852)
Repurchase of common stock (in shares)					(49,000)
Repurchase of common stock	(22,235)				$ (22,235)
Ending balance (in shares) at Feb. 28, 2023		192,032,000
Ending balance at Feb. 28, 2023	$ 3,633,256	$ 1,981,610	9,368,678	76,104	$ (7,793,136)
Ending balance (in shares) at Feb. 28, 2023					(90,359,000)
Beginning balance (in shares) at May. 31, 2023	192,198,938	192,199,000
Beginning balance at May. 31, 2023	$ 3,863,986	$ 2,031,542	9,597,315	77,778	$ (7,842,649)
Beginning balance (in shares) at May. 31, 2023	(90,466,790)				(90,467,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 385,085		385,085
Comprehensive (loss) income, net of tax	9,391			9,391
Dividends	(138,272)		(138,272)
Stock-based compensation	30,242	$ 30,242
Vesting of stock-based compensation awards (in shares)		156,000
Stock options exercised (in shares)		303,000			(118,000)
Stock options exercised	479	$ 59,691			$ (59,212)
Repurchase of common stock (in shares)					(145,000)
Repurchase of common stock	(73,276)				$ (73,276)
Ending balance (in shares) at Aug. 31, 2023		192,658,000
Ending balance at Aug. 31, 2023	$ 4,077,635	$ 2,121,475	9,844,128	87,169	$ (7,975,137)
Ending balance (in shares) at Aug. 31, 2023					(90,730,000)
Beginning balance (in shares) at May. 31, 2023	192,198,938	192,199,000
Beginning balance at May. 31, 2023	$ 3,863,986	$ 2,031,542	9,597,315	77,778	$ (7,842,649)
Beginning balance (in shares) at May. 31, 2023	(90,466,790)				(90,467,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 1,157,277
Comprehensive (loss) income, net of tax	8,545
Repurchase of common stock	$ (468,146)
Ending balance (in shares) at Feb. 29, 2024	193,090,252	193,090,000
Ending balance at Feb. 29, 2024	$ 4,234,083	$ 2,246,329	10,341,248	86,323	$ (8,439,817)
Ending balance (in shares) at Feb. 29, 2024	(91,646,162)				(91,646,000)
Beginning balance (in shares) at Aug. 31, 2023		192,658,000
Beginning balance at Aug. 31, 2023	$ 4,077,635	$ 2,121,475	9,844,128	87,169	$ (7,975,137)
Beginning balance (in shares) at Aug. 31, 2023					(90,730,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	374,613		374,613
Comprehensive (loss) income, net of tax	6,170			6,170
Dividends	(137,474)		(137,474)
Stock-based compensation	22,940	$ 22,940
Vesting of stock-based compensation awards (in shares)		3,000
Stock options exercised (in shares)		200,000			(68,000)
Stock options exercised	449	$ 35,536			$ (35,087)
Repurchase of common stock (in shares)					(716,000)
Repurchase of common stock	(349,852)				$ (349,852)
Ending balance (in shares) at Nov. 30, 2023		192,861,000
Ending balance at Nov. 30, 2023	3,994,481	$ 2,179,951	10,081,267	93,339	$ (8,360,076)
Ending balance (in shares) at Nov. 30, 2023					(91,514,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	397,579		397,579
Comprehensive (loss) income, net of tax	(7,016)			(7,016)
Dividends	(137,598)		(137,598)
Stock-based compensation	31,308	$ 31,308
Vesting of stock-based compensation awards (in shares)		1,000
Stock options exercised (in shares)		228,000			(58,000)
Stock options exercised	347	$ 35,070			$ (34,723)
Repurchase of common stock (in shares)					(74,000)
Repurchase of common stock	$ (45,018)				$ (45,018)
Ending balance (in shares) at Feb. 29, 2024	193,090,252	193,090,000
Ending balance at Feb. 29, 2024	$ 4,234,083	$ 2,246,329	$ 10,341,248	$ 86,323	$ (8,439,817)
Ending balance (in shares) at Feb. 29, 2024	(91,646,162)				(91,646,000)

CONSOLIDATED CONDENSED STATEM_5

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Cash flows from operating activities:
Net income	$ 1,157,277	$ 1,001,809
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	207,637	190,801
Amortization of intangible assets and capitalized contract costs	119,815	113,281
Stock-based compensation	84,490	75,334
Deferred income taxes	(21,366)	22,001
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	(109,040)	(132,473)
Inventories, net	55,834	(60,563)
Uniforms and other rental items in service	(9,060)	(85,991)
Prepaid expenses and other current assets and capitalized contract costs	(104,873)	(116,842)
Accounts payable	5,771	32,851
Accrued compensation and related liabilities	(58,511)	(32,666)
Accrued liabilities and other	52,945	17,856
Income taxes, current	5,822	18,793
Net cash provided by operating activities	1,386,741	1,044,191
Cash flows from investing activities:
Capital expenditures	(307,558)	(224,116)
Purchases of investments	(7,592)	(4,618)
Acquisitions of businesses, net of cash acquired	(185,028)	(32,983)
Other, net	(3,100)	(6,894)
Net cash used in investing activities	(503,278)	(268,611)
Cash flows from financing activities:
Payments of commercial paper, net	0	(62,200)
Repayment of debt	(13,450)	0
Proceeds from exercise of stock-based compensation awards	1,275	2,941
Dividends paid	(393,310)	(332,421)
Repurchase of common stock	(468,146)	(370,917)
Other, net	(5,839)	(11,996)
Net cash used in financing activities	(879,470)	(774,593)
Effect of exchange rate changes on cash and cash equivalents	341	(2,895)
Net increase (decrease) in cash and cash equivalents	4,334	(1,908)
Cash and cash equivalents at beginning of period	124,149	90,471
Cash and cash equivalents at end of period	$ 128,483	$ 88,563

Basis of Presentation

Basis of Presentation	9 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated condensed financial statements of Cintas Corporation (Cintas, the Company, we, us or our) included herein have been prepared by Cintas, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with United States generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequately presented, we suggest that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023 (Annual Report) filed with the SEC on July 27, 2023. See Note 1 entitled Significant Accounting Policies of "Notes to Consolidated Financial Statements" of that Annual Report for a summary of our significant accounting policies. There have been no material changes in the accounting policies followed by Cintas during the current fiscal year. Interim results are subject to variations and are not necessarily indicative of the results of operations for a full fiscal year. In the opinion of management, adjustments (which include only normal recurring adjustments) necessary for a fair statement of the consolidated results of the interim periods shown have been made. Inventories, net are valued at the lower of cost (first-in, first-out) or net realizable value. Inventory is comprised of the following at: (In thousands) February 29, May 31, Raw materials $ 23,092 $ 27,878 Work in process 41,442 56,384 Finished goods 386,681 422,342 Inventories, net $ 451,215 $ 506,604 Inventories are recorded net of reserves for obsolete inventory (excess and slow-moving) of $74.1 million and $80.1 million at February 29, 2024 and May 31, 2023, respectively. The inventory obsolescence reserve is determined by specific identification, as well as an estimate based on Cintas' historical rates of obsolescence. Once a specific inventory item is written down to the lower of cost or net realizable value, a new cost basis has been established, and that inventory item cannot subsequently be marked up. New Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 requires additional disclosures pertaining to significant expenses and other items of an entity’s reportable operating segments. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 (fiscal 2025). Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-07 on the consolidated condensed financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures (ASU 2023-09), which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). The Company is currently evaluating the impact of ASU 2023-09 on the consolidated condensed financial statements. There are no other accounting pronouncements recently issued or newly effective that had, or are expected to have, a material impact on Cintas' consolidated condensed financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Feb. 29, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following table presents Cintas' total revenue disaggregated by operating segment: Three Months Ended Nine Months Ended (In thousands) February 29, February 28, February 29, February 28, Uniform Rental and $ 1,876,642 78.0 % $ 1,716,165 78.4 % $ 5,554,009 78.0 % $ 5,123,924 78.5 % First Aid and Safety 262,602 10.9 % 231,605 10.6 % 789,696 11.1 % 701,740 10.7 % Fire Protection 182,410 7.6 % 155,762 7.1 % 530,676 7.4 % 454,211 7.0 % Uniform Direct 84,519 3.5 % 86,454 3.9 % 251,299 3.5 % 251,423 3.8 % Total revenue $ 2,406,173 100.0 % $ 2,189,986 100.0 % $ 7,125,680 100.0 % $ 6,531,298 100.0 % The Fire Protection Services and Uniform Direct Sales operating segments are included within All Other as disclosed in Note 11 entitled Segment Information. Revenue Recognition Policy Approximately 95% of the Company's revenue is derived from fees for route servicing of Uniform Rental and Facility Services, First Aid and Safety Services and Fire Protection Services customers, performed by a Cintas employee-partner, at the customer's location of business. Revenue from our route servicing customer contracts represent a single-performance obligation. The Company recognizes revenue over time as services are performed, based on the nature of services provided and contractual rates (output method) or at a point in time when the performance obligation under the terms of the contract with a customer are satisfied, at the customer's location of business. The Company's remaining revenue, primarily within the Uniform Direct Sales operating segment, and representing approximately 5% of the Company's total revenue, is recognized when the obligations under the terms of a contract with a customer are satisfied. This generally occurs when the goods are transferred to the customer. Revenue recorded is presented net of sales and other taxes we collect on behalf of governmental authorities. Shipping and handling costs charged to customers are treated as fulfillment activities and are recorded in both revenue and cost of sales at the time control is transferred to the customer. Certain of our customer contracts include pricing terms and conditions that include components of variable consideration. The variable consideration is typically in the form of consideration paid to a customer based on performance metrics specified within the contract and is not material in any period presented. When determining if variable consideration should be constrained, the Company considers whether factors outside its control could result in a significant reversal of revenue. In making these assessments, the Company considers the likelihood and magnitude of a potential reversal. The Company's performance period generally corresponds with the monthly invoice period. No constraints on our revenue recognition were applied during the three or nine months ended February 29, 2024 or February 28, 2023. We are exposed to credit losses primarily through our trade receivables. We determine the allowance for credit losses using both an estimate, based on historical rates of collections, and reserves for specific accounts identified as uncollectible. The portion of the allowance for credit losses that is an estimate based on Cintas' historical rates of collections is recorded for overdue amounts, beginning with a nominal percentage when the account is current and increasing substantially as the account ages. The amount provided as the account ages will differ slightly between the Uniform Rental and Facility Services reportable operating segment, the First Aid and Safety Services reportable operating segment and All Other because of differences in customers served and the nature of each operating segment. We update our allowance for credit losses quarterly, considering recent write-offs and collections information and underlying economic conditions and expectations. Costs to Obtain a Contract The Company capitalizes commission expenses paid to our employee-partners when the commissions are deemed to be incremental for obtaining the route servicing customer contract. As permitted by Accounting Standards Codification 606, Revenue from Contracts with Customers (ASC 606), the Company has elected to apply the guidance to a portfolio of contracts (or performance obligations) with similar characteristics because the Company reasonably expects that the effects on the consolidated condensed financial statements of applying this guidance to the portfolio would not differ materially from applying this guidance to the individual contracts within the portfolio. The Company also continues to expense certain costs to obtain a contract if those costs do not meet the criteria of ASC 606 or the amortization period of the asset would have been one year or less. The deferred commissions are amortized on a straight-line basis over the expected period of benefit. We review the deferred commission balances for impairment on an ongoing basis. Deferred commissions are classified as current or noncurrent based on the timing of when we expect to recognize the expense. The current portion is included in prepaid expenses and other current assets and the noncurrent portion is included in other assets, net on the Company's consolidated condensed balance sheets. As of February 29, 2024, the current and noncurrent assets related to deferred commissions totaled $94.3 million and $260.8 million, respectively. As of May 31, 2023, the current and noncurrent assets related to deferred commissions totaled $92.5 million and $251.6 million, respectively. The Company recorded amortization expense related to deferred commissions of $25.6 million and $24.0 million during the three months ended February 29, 2024 and February 28, 2023, respectively. During the nine months ended February 29, 2024 and February 28, 2023, the Company recorded amortization expense related to deferred commissions of $75.3 million and $69.8 million, respectively. These expenses are classified in selling and administrative expenses on the consolidated condensed statements of income.

Leases

Leases	9 Months Ended
	Feb. 29, 2024
Leases [Abstract]
Leases	Leases Cintas has operating leases for certain operating facilities, vehicles and equipment, which provide the right to use the underlying asset and require lease payments over the term of the lease. Each new contract is evaluated to determine if an arrangement contains a lease and whether that lease meets the classification criteria of a finance or operating lease. All identified leases are recorded on the consolidated condensed balance sheets with a corresponding operating lease right-of-use asset, net, representing the right to use the underlying asset for the lease term and the operating lease liabilities representing the obligation to make lease payments arising from the lease. Short-term operating leases, which have an initial term of 12 months or less, are not recorded on the consolidated condensed balance sheets. Operating lease right-of-use assets, net and operating lease liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term and include options to extend or terminate the lease when they are reasonably certain to be exercised. The present value of lease payments is determined primarily using the incremental borrowing rate based on the information available at lease commencement date. Lease expense for operating leases is recorded on a straight-line basis over the lease term and variable lease costs are recorded as incurred. Both lease expense and variable lease costs are primarily recorded in cost of uniform rental and facility services and other on the Company's consolidated condensed statements of income. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Operating lease costs, including short-term lease expense and variable lease costs which were immaterial in both periods, were $21.0 million and $19.8 million for the three months ended February 29, 2024 and February 28, 2023, respectively. For the nine months ended February 29, 2024 and February 28, 2023, operating lease costs, including short-term lease expense and variable lease costs which were immaterial in both periods, were $61.5 million and $59.3 million, respectively. The following table provides supplemental information related to the Company's consolidated condensed statements of cash flows for the nine months ended: (In thousands) February 29, 2024 February 28, 2023 Cash paid for amounts included in the measurement of operating lease liabilities $ 38,577 $ 37,103 Operating lease right-of-use assets obtained in exchange for new and renewed $ 41,506 $ 42,900 Operating lease right-of-use assets acquired in business combinations $ 334 $ — Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows: February 29, May 31, Weighted-average remaining lease term 5.30 years 5.28 years Weighted-average discount rate 3.38% 2.87% The contractual future minimum lease payments of Cintas' operating lease liabilities by fiscal year are as follows as of February 29, 2024: (In thousands) 2024 (remaining three months) $ 12,514 2025 48,456 2026 41,420 2027 32,066 2028 26,617 Thereafter 48,392 Total payments 209,465 Less interest (18,975) Total present value of lease payments $ 190,490

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Feb. 29, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements All financial instruments that are measured at fair value on a recurring basis have been classified within the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the consolidated condensed balance sheet dates. These financial instruments measured at fair value on a recurring basis are summarized below: As of February 29, 2024 As of May 31, 2023 (In thousands) Level 1 Level 2 Level 3 Fair Value Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 128,483 $ — $ — $ 128,483 $ 124,149 $ — $ — $ 124,149 Other assets, net: Interest rate lock — 86,901 — 86,901 — 70,449 — 70,449 Total assets at fair $ 128,483 $ 86,901 $ — $ 215,384 $ 124,149 $ 70,449 $ — $ 194,598 Cintas’ cash and cash equivalents are generally classified within Level 1 or Level 2 of the fair value hierarchy. Financial instruments classified as Level 1 are based on quoted market prices in active markets, and financial instruments classified as Level 2 are based on quoted market prices, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. The types of financial instruments Cintas classifies within Level 1 include most bank deposits and money market securities. Cintas does not adjust the quoted market price for such financial instruments. The fair values of Cintas' interest rate lock agreements are based on similar exchange traded derivatives (market approach) and are, therefore, included within Level 2 of the fair value hierarchy. The fair value was determined by comparing the locked rates against the benchmarked treasury rate. No other amounts included in other assets, net, are recorded at fair value on a recurring basis. The methods described above may produce a fair value that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while Cintas believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the consolidated condensed balance sheet dates. In addition to assets and liabilities that are recorded at fair value on a recurring basis, Cintas records assets and liabilities at fair value on a nonrecurring basis as required under U.S. GAAP. The assets and liabilities measured at fair value on a nonrecurring basis primarily relate to assets and liabilities acquired in a business acquisition. See No te 9 entitled Acquisitions.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Feb. 29, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Cintas uses the two-class method to calculate basic and diluted earnings per share as a result of outstanding participating securities in the form of restricted stock awards. The following tables set forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas’ common shares: Three Months Ended Nine Months Ended Basic Earnings per Share (In thousands except per share data) February 29, 2024 February 28, 2023 February 29, 2024 February 28, 2023 Net income $ 397,579 $ 325,827 $ 1,157,277 $ 1,001,809 Less: net income allocated to participating securities 1,543 1,351 4,486 4,155 Net income available to common shareholders $ 396,036 $ 324,476 $ 1,152,791 $ 997,654 Basic weighted average common shares outstanding 101,477 101,714 101,681 101,589 Basic earnings per share $ 3.90 $ 3.19 $ 11.34 $ 9.82 Three Months Ended Nine Months Ended Diluted Earnings per Share (In thousands except per share data) February 29, 2024 February 28, 2023 February 29, 2024 February 28, 2023 Net income $ 397,579 $ 325,827 $ 1,157,277 $ 1,001,809 Less: net income allocated to participating securities 1,543 1,351 4,486 4,155 Net income available to common shareholders $ 396,036 $ 324,476 $ 1,152,791 $ 997,654 Basic weighted average common shares outstanding 101,477 101,714 101,681 101,589 Effect of dilutive securities – employee stock options 1,710 1,704 1,666 1,774 Diluted weighted average common shares outstanding 103,187 103,418 103,347 103,363 Diluted earnings per share $ 3.84 $ 3.14 $ 11.15 $ 9.65 For both the three months ended February 29, 2024 and February 28, 2023, options granted to purchase 0.5 million shares of Cintas common stock were excluded from the computation of diluted earnings per share. For the nine months ended February 29, 2024 and February 28, 2023, options granted to purchase 0.4 million and 1.0 million shares of Cintas common stock, respectively, were excluded from the computation of diluted earnings per share. The exercise prices of these options were greater than the average market price of the common stock (anti-dilutive). On July 27, 2021, Cintas announced that the Board of Directors authorized a $1.5 billion share buyback program, which does not have an expiration date. On July 26, 2022, Cintas announced that the Board of Directors authorized a new $1.0 billion share buyback program, which does not have an expiration date. The following table summarizes the share buyback activity by program and period: Three Months Ended Nine Months Ended February 29, 2024 February 29, 2024 Buyback Activity (In thousands except per share data) Shares Avg. Price Purchase Shares Avg. Price Purchase July 27, 2021 — $ — $ — 658 $ 486.58 $ 320,266 July 26, 2022 — — — — — — — $ — $ — 658 $ 486.58 $ 320,266 Shares acquired for taxes due (1) 74 $ 604.51 $ 45,018 277 $ 533.65 $ 147,880 Total repurchase of Cintas common stock $ 45,018 $ 468,146 Three Months Ended Nine Months Ended February 28, 2023 February 28, 2023 Buyback Activity (In thousands except per share data) Shares Avg. Price Purchase Shares Avg. Price Purchase July 27, 2021 — $ — $ — 544 $ 395.97 $ 215,434 July 26, 2022 — — — — — — — $ — $ — 544 $ 395.97 $ 215,434 Shares acquired for taxes due (1) 49 $ 448.79 $ 22,235 375 $ 414.23 $ 155,483 Total repurchase of Cintas common stock $ 22,235 $ 370,917 (1) Shares of Cintas common stock acquired for employee payroll taxes due on options exercised and vested restricted stock awards. In addition to the share buyback activity presented above, Cintas acquired shares of Cintas common stock, via non-cash transactions, in connection with net-share settlements of option exercises. The following table summarizes Cintas' non-cash share buyback activity: Three Months Ended Nine Months Ended February 29, 2024 February 29, 2024 (In thousands except per share data) Shares Avg. Price Non-Cash Shares Avg. Price Non-Cash Non-cash transaction activity 58 $ 598.80 $ 34,723 244 $ 528.68 $ 129,023 Three Months Ended Nine Months Ended February 28, 2023 February 28, 2023 Shares Avg. Price Non-Cash Shares Avg. Price Non-Cash Non-cash transaction activity 54 $ 445.60 $ 23,852 313 $ 419.78 $ 131,418

Goodwill, Service Contracts and

Goodwill, Service Contracts and Other Assets, Net	9 Months Ended
	Feb. 29, 2024
Goodwill, Service Contracts And Other Assets [Abstract]
Goodwill, Service Contracts and Other Assets, Net	Goodwill, Service Contracts and Other Assets, Net Changes in the carrying amount of goodwill and service contracts for the nine months ended February 29, 2024, by reportable operating segment and All Other, are as follows: Goodwill (In thousands) Uniform Rental First Aid All Total Balance as of June 1, 2023 $ 2,636,607 $ 292,868 $ 126,726 $ 3,056,201 Goodwill acquired 136,952 962 18,389 156,303 Foreign currency translation (66) (6) — (72) Balance as of February 29, 2024 $ 2,773,493 $ 293,824 $ 145,115 $ 3,212,432 Service Contracts (In thousands) Uniform Rental First Aid All Total Balance as of June 1, 2023 $ 310,030 $ 21,157 $ 15,387 $ 346,574 Service contracts acquired 25,429 290 3,696 29,415 Service contracts amortization (33,373) (3,941) (2,893) (40,207) Foreign currency translation 70 11 — 81 Balance as of February 29, 2024 $ 302,156 $ 17,517 $ 16,190 $ 335,863 Information regarding Cintas’ service contracts and other assets, net is as follows: As of February 29, 2024 As of May 31, 2023 (In thousands) Carrying Accumulated Net Carrying Accumulated Net Service contracts $ 1,034,141 $ 698,278 $ 335,863 $ 1,004,754 $ 658,180 $ 346,574 Capitalized contract costs (1) $ 749,779 $ 488,954 $ 260,825 $ 665,705 $ 413,680 $ 252,025 Noncompete and 222,070 69,896 152,174 198,260 67,294 130,966 Total other assets, net $ 971,849 $ 558,850 $ 412,999 $ 863,965 $ 480,974 $ 382,991 (1) The current portion of capitalized contract costs, included in prepaid expenses and other current assets on the consolidated condensed balance sheets as of February 29, 2024 and May 31, 2023, is $94.3 million and $92.5 million, respectively. Amortization expense for service contracts and other assets was $40.0 million and $37.8 million for the three months ended February 29, 2024 and February 28, 2023, respectively. For the nine months ended February 29, 2024 and February 28, 2023, amortization expense for service contracts and other assets was $117.9 million and $111.5 million, respectively. These expenses are recorded in selling and administrative expenses on the consolidated condensed statements of income. As of February 29, 2024, the estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, is as follows: Fiscal Year (In thousands) 2024 (remaining three months) $ 40,005 2025 149,298 2026 128,040 2027 104,762 2028 80,283 Thereafter 200,916 Total future amortization expense $ 703,304

Debt, Derivatives and Hedging A

Debt, Derivatives and Hedging Activities	9 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Debt, Derivatives and Hedging Activities	Debt, Derivatives and Hedging Activities Cintas' outstanding debt is summarized as follows: (In thousands) Interest Fiscal Year Fiscal Year February 29, May 31, Debt due after one year Senior notes (1) 3.11 % 2015 2025 $ 50,378 $ 50,630 Senior notes 3.45 % 2022 2025 400,000 400,000 Senior notes 3.70 % 2017 2027 1,000,000 1,000,000 Senior notes 4.00 % 2022 2032 800,000 800,000 Senior notes 6.15 % 2007 2037 236,550 250,000 Debt issuance costs (12,020) (14,225) Total debt due after one year $ 2,474,908 $ 2,486,405 (1) Cintas assumed these senior notes with the acquisition of G&K Services, Inc. (G&K) in the fourth quarter of fiscal 2017, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these senior notes is $50.0 million with a stated interest rate of 3.88%. Cintas' senior notes, excluding the G&K senior notes assumed with the acquisition of G&K in fiscal 2017, are recorded at cost, net of debt issuance costs. The fair value of the long-term debt is estimated using Level 2 inputs based on observable market prices. The carrying value and fair value of Cintas' debt as of February 29, 2024 were $2,486.6 million and $2,410.8 million, respectively, and as of May 31, 2023 were $2,500.0 million and $2,443.8 million, respectively. During the nine months ended February 29, 2024, Cintas repurchased, and subsequently retired, $13.5 million of its 6.15%, 30-year senior notes. In conjunction with these transactions Cintas recognized a loss of $0.9 million, which is recorded in interest expense on the consolidated condensed statement of income for the nine months ended February 29, 2024. During the nine months ended February 28, 2023, Cintas paid $62.2 million, net of commercial paper. The credit agreement that supports our commercial paper program has capacity under the revolving credit facility of $2.0 billion. The credit agreement has an accordion feature that provides Cintas the ability to request increases to the borrowing commitments under the revolving credit facility of up to $500.0 million in the aggregate, subject to customary conditions. The maturity date of the revolving credit facility is March 23, 2027. As of both February 29, 2024 and May 31 2023, there was no commercial paper outstanding and no borrowings on our revolving credit facility. Cintas uses interest rate locks to manage its overall interest expense as interest rate locks effectively change the interest rate of specific debt issuances. The interest rate locks are entered into to protect against unfavorable movements in the benchmark treasury rate related to forecasted debt issuances. Cintas used interest rate locks, which represent cash flow hedges, to hedge against movements in the treasury rates at the time Cintas issued its senior notes in fiscal 2007, fiscal 2017 and fiscal 2022. The amortization of the interest rate locks resulted in a decrease to other comprehensive income (loss) of $1.5 million for both the three months ended February 29, 2024 and February 28, 2023. For the nine months ended February 29, 2024 and February 28, 2023, the amortization of the interest rate locks resulted in a decrease to other comprehensive income (loss) of $4.5 million and $4.6 million, respectively. During fiscal 2022 and fiscal 2020, Cintas entered into interest rate lock agreements for forecasted debt issuances. The aggregate notional value of outstanding cash flow hedges was $500.0 million at both February 29, 2024 and May 31, 2023. The fair values of the outstanding interest rate locks, for forecasted debt issuances, are summarized as follows: February 29, 2024 May 31, 2023 Fiscal Year of Issuance (In thousands) Other Other 2022 $ 52,867 $ 44,803 2020 $ 34,034 $ 25,646 The changes in fair value of the interest rate locks are recorded in other comprehensive income (loss), net of tax. These interest rate locks had no impact on net income or cash flows for the three and nine months ended February 29, 2024 or February 28, 2023. Cintas has certain covenants related to debt agreements. These covenants limit Cintas' ability to incur certain liens, to engage in sale-leaseback transactions and to merge, consolidate or sell all or substantially all of Cintas' assets. These covenants also require Cintas to maintain certain debt to consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) and interest coverage ratios. Cross-default provisions exist between certain debt instruments. If a default of a significant covenant were to occur, the default could result in an acceleration of the maturity of the indebtedness, impair liquidity and limit the ability to raise future capital. Cintas was in compliance with all of the debt covenants for all periods presented.

Income Taxes

Income Taxes	9 Months Ended
	Feb. 29, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In the normal course of business, Cintas provides for uncertain tax positions and the related interest and adjusts its unrecognized tax benefits and accrued interest accordingly. As of February 29, 2024 and May 31, 2023, recorded unrecognized tax benefits were $27.9 million and $29.3 million, respectively, and are included in long-term accrued liabilities on the consolidated condensed balance sheets. The majority of Cintas' operations are in North America. Cintas is required to file U.S. federal income tax returns, as well as state income tax returns in a majority of the domestic states and also in certain Canadian provinces. At times, Cintas is subject to audits in these jurisdictions. The audits, by nature, are sometimes complex and can require several years to resolve. The final resolution of any such tax audit could result in either a reduction in Cintas' accruals or an increase in its income tax provision, either of which could have an impact on the consolidated results of operations in any given period. All U.S. federal income tax returns are closed to audit through fiscal 2019. Cintas is currently in various audits in certain foreign jurisdictions and certain domestic states. The years under foreign and domestic state audits cover fiscal years back to 2018. Based on the status and resolution of the various audits and other potential regulatory developments, it is expected that the balance of unrecognized tax benefits will not materially change for the fiscal year ending May 31, 2024. Cintas’ effective tax rate was 19.9% and 22.1% for the three months ended February 29, 2024 and February 28, 2023, respectively. For the nine months ended February 29, 2024 and February 28, 2023, Cintas' effective tax rate was 20.0% and 19.7%, respectively. The effective tax rate for both periods was impacted by certain discrete items (primarily the tax accounting for stock-based compensation).

Acquisitions

Acquisitions	9 Months Ended
	Feb. 29, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions The purchase price paid for each acquisition has been allocated to the fair value of the assets acquired and liabilities assumed. Cintas acquired the following number of individually immaterial businesses by reportable operating segment and All Other during the nine months ended: February 29, 2024 February 28, 2023 Uniform Rental and Facility Services 7 3 First Aid and Safety Services 1 4 All Other 8 8 The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired during the nine months ended: (In thousands) February 29, 2024 February 28, 2023 Fair value of tangible assets acquired $ 14,350 $ 5,506 Fair value of service contracts acquired 28,860 8,448 Fair value of other intangibles acquired 5,278 1,062 Net goodwill recognized 155,653 20,793 Total fair value of assets acquired 204,141 35,809 Total fair value of liabilities assumed (19,113) (2,826) Total consideration for acquisitions, net of cash acquired $ 185,028 $ 32,983 Cintas is required to provide additional disclosures about fair value measurements as part of the consolidated condensed financial statements for each major category of assets and liabilities measured at fair value on a nonrecurring basis (including business combinations). The working capital assets and liabilities, as well as the property and equipment acquired, were valued using Level 2 inputs which included data points that are observable, such as definitive sales agreements, appraisals or established market values of comparable assets (market approach). Goodwill and separately identifiable intangible assets were valued using Level 3 inputs, which are unobservable by nature, and included internal estimates of future cash flows (income approach). The results of operations of the acquisition are included in Cintas' consolidated statements of income subsequent to the date of acquisition and are not material to the consolidated condensed financial statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Feb. 29, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive income (loss), net of tax: (In thousands) Foreign Unrealized Income Other Total Balance at June 1, 2023 $ (17,001) $ 96,714 $ (1,935) $ 77,778 Other comprehensive income before reclassifications 2,634 8,199 — 10,833 Amounts reclassified from accumulated other comprehensive income (loss) — (1,442) — (1,442) Net current period other comprehensive income 2,634 6,757 — 9,391 Balance at August 31, 2023 (14,367) 103,471 (1,935) 87,169 Other comprehensive (loss) income before (1,813) 9,099 379 7,665 Amounts reclassified from accumulated other comprehensive income (loss) — (1,495) — (1,495) Net current period other comprehensive (loss) income (1,813) 7,604 379 6,170 Balance at November 30, 2023 (16,180) 111,075 (1,556) 93,339 Other comprehensive loss before reclassifications (450) (5,042) — (5,492) Amounts reclassified from accumulated other comprehensive income (loss) — (1,524) — (1,524) Net current period other comprehensive loss (450) (6,566) — (7,016) Balance at February 29, 2024 $ (16,630) $ 104,509 $ (1,556) $ 86,323 (In thousands) Foreign Unrealized Income Other Total Balance at June 1, 2022 $ 17,006 $ 92,688 $ (1,777) $ 107,917 Other comprehensive (loss) income before (19,206) 934 — (18,272) Amounts reclassified from accumulated other comprehensive income (loss) — (1,521) — (1,521) Net current period other comprehensive loss (19,206) (587) — (19,793) Balance at August 31, 2022 (2,200) 92,101 (1,777) 88,124 Other comprehensive (loss) income before (9,901) 7,394 — (2,507) Amounts reclassified from accumulated other comprehensive income (loss) — (1,521) — (1,521) Net current period other comprehensive (loss) income (9,901) 5,873 — (4,028) Balance at November 30, 2022 (12,101) 97,974 (1,777) 84,096 Other comprehensive (loss) income before (7,972) 1,501 — (6,471) Amounts reclassified from accumulated other comprehensive income (loss) — (1,521) — (1,521) Net current period other comprehensive loss (7,972) (20) — (7,992) Balance at February 28, 2023 $ (20,073) $ 97,954 $ (1,777) $ 76,104 The following table summarizes the reclassifications out of accumulated other comprehensive income (loss): Details about Accumulated Amount Reclassified from Affected Line in the Three Months Ended Nine Months Ended (In thousands) February 29, February 28, February 29, February 28, Amortization of interest $ 2,037 $ 2,033 $ 5,964 $ 6,100 Interest expense Tax expense (513) (512) (1,503) (1,537) Income taxes Amortization of interest rate locks, net of tax $ 1,524 $ 1,521 $ 4,461 $ 4,563

Segment Information

Segment Information	9 Months Ended
	Feb. 29, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information Cintas’ reportable operating segments are Uniform Rental and Facility Services and First Aid and Safety Services. The Uniform Rental and Facility Services reportable operating segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels and other ancillary items. In addition to these rental items, restroom cleaning services and supplies, and the sale of items from our catalogs to our customers on route are included within this reportable operating segment. The First Aid and Safety Services reportable operating segment consists of first aid and safety products and services. The remainder of Cintas’ operating segments, which consists of the Fire Protection Services operating segment and the Uniform Direct Sale operating segment, is included in All Other. Cintas evaluates the performance of each operating segment based on several factors of which the primary financial measures are operating segment revenue and income before income taxes. The accounting policies of the operating segments are the same as those described in Note 1 entitled Basis of Presentation. Information related to the operations of Cintas’ reportable operating segments and All Other is set forth below: (In thousands) Uniform Rental First Aid All Corporate (1) Total For the three months ended February 29, 2024 Revenue $ 1,876,642 $ 262,602 $ 266,929 $ — $ 2,406,173 Income (loss) before income taxes $ 420,407 $ 57,717 $ 42,676 $ (24,600) $ 496,200 For the three months ended February 28, 2023 Revenue $ 1,716,165 $ 231,605 $ 242,216 $ — $ 2,189,986 Income (loss) before income taxes $ 359,995 $ 47,271 $ 39,546 $ (28,446) $ 418,366 As of and for the nine months ended February 29, 2024 Revenue $ 5,554,009 $ 789,696 $ 781,975 $ — $ 7,125,680 Income (loss) before income taxes $ 1,226,547 $ 175,828 $ 118,664 $ (74,543) $ 1,446,496 Total assets $ 7,503,038 $ 745,633 $ 602,096 $ 128,108 $ 8,978,875 As of and for the nine months ended February 28, 2023 Revenue $ 5,123,924 $ 701,740 $ 705,634 $ — $ 6,531,298 Income (loss) before income taxes $ 1,093,861 $ 133,612 $ 104,393 $ (84,587) $ 1,247,279 Total assets $ 7,150,227 $ 694,777 $ 532,434 $ 88,563 $ 8,466,001 (1)

Litigation and Other Contingenc

Litigation and Other Contingencies	9 Months Ended
	Feb. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Litigation and Other Contingencies	Litigation and Other Contingencies Cintas is subject to legal proceedings, insurance receipts, legal settlements and claims arising from the ordinary course of its business, including personal injury, customer contract, environmental and employment claims. In the opinion of management, the aggregate liability, if any, with respect to such ordinary course of business actions will not have a material adverse effect on the consolidated financial position, consolidated results of operations or consolidated cash flows of Cintas. Cintas is party to additional litigation not considered in the ordinary course of business, including the litigation discussed below. The Company is a defendant in a purported class action lawsuit, City of Laurel, Mississippi v. Cintas Corporation No. 2 , filed on March 12, 2021. This is a contract dispute whereby plaintiffs allege that Cintas breached its contracts with participating public agencies and seek, among other things, contract-based damages. In March 2024, and subsequent to the consolidated condensed balance sheet date, an agreement in principle was reached with the plaintiff which would require a one-time monetary payment related to the contract dispute of $45.0 million, which was accrued for and included in accrued liabilities on the consolidated condensed balance sheet at February 29, 2024. The amount accrued for this matter did not have a material impact on the consolidated condensed statements of income for any period presented. The Company will also make certain future investments such as people and technology. These future investments will not be material to the Company. The tentative settlement remains subject to confirmatory discovery and approval of the U.S. District Court for the District of Nevada, however, we do not anticipate any material changes in the amounts reflected in the consolidated condensed financial statements. The Company, the Board of Directors, Scott Farmer (Executive Chairman) and the Investment Policy Committee are defendants in a purported class action, filed on December 13, 2019, pending in the U.S. District Court for the Southern District of Ohio alleging violations of The Employee Retirement Income Security Act of 1974 (ERISA). The lawsuit asserts that the defendants improperly managed the costs of the employee retirement plan, breached their fiduciary duties in failing to investigate and select lower cost alternative funds and failed to monitor and control the employee retirement plan’s recordkeeping costs. In November 2023, an agreement in principle was reached with the plaintiffs, which would require a payment of an immaterial amount that would be covered by the Company's insurance. The settlement remains subject to approval of the U.S. District Court for the Southern District of Ohio.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	Feb. 29, 2024	Feb. 28, 2023
Pay vs Performance Disclosure
Net income	$ 397,579	$ 374,613	$ 385,085	$ 325,827	$ 324,293	$ 351,689	$ 1,157,277	$ 1,001,809

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Feb. 29, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The consolidated condensed financial statements of Cintas Corporation (Cintas, the Company, we, us or our) included herein have been prepared by Cintas, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with United States generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequately presented, we suggest that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2023 (Annual Report) filed with the SEC on July 27, 2023. See Note 1 entitled Significant Accounting Policies of "Notes to Consolidated Financial Statements" of that Annual Report for a summary of our significant accounting policies. There have been no material changes in the accounting policies followed by Cintas during the current fiscal year. Interim results are subject to variations and are not necessarily indicative of the results of operations for a full fiscal year. In the opinion of management, adjustments (which include only normal recurring adjustments) necessary for a fair statement of the consolidated results of the interim periods shown have been made.
Inventory	Inventories, net are valued at the lower of cost (first-in, first-out) or net realizable value.The inventory obsolescence reserve is determined by specific identification, as well as an estimate based on Cintas' historical rates of obsolescence. Once a specific inventory item is written down to the lower of cost or net realizable value, a new cost basis has been established, and that inventory item cannot subsequently be marked up.
New Accounting Pronouncements	In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 requires additional disclosures pertaining to significant expenses and other items of an entity’s reportable operating segments. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 (fiscal 2025). Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-07 on the consolidated condensed financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures (ASU 2023-09), which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024 (fiscal 2026). The Company is currently evaluating the impact of ASU 2023-09 on the consolidated condensed financial statements. There are no other accounting pronouncements recently issued or newly effective that had, or are expected to have, a material impact on Cintas' consolidated condensed financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Inventory is comprised of the following at: (In thousands) February 29, May 31, Raw materials $ 23,092 $ 27,878 Work in process 41,442 56,384 Finished goods 386,681 422,342 Inventories, net $ 451,215 $ 506,604

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Feb. 29, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenue	The following table presents Cintas' total revenue disaggregated by operating segment: Three Months Ended Nine Months Ended (In thousands) February 29, February 28, February 29, February 28, Uniform Rental and $ 1,876,642 78.0 % $ 1,716,165 78.4 % $ 5,554,009 78.0 % $ 5,123,924 78.5 % First Aid and Safety 262,602 10.9 % 231,605 10.6 % 789,696 11.1 % 701,740 10.7 % Fire Protection 182,410 7.6 % 155,762 7.1 % 530,676 7.4 % 454,211 7.0 % Uniform Direct 84,519 3.5 % 86,454 3.9 % 251,299 3.5 % 251,423 3.8 % Total revenue $ 2,406,173 100.0 % $ 2,189,986 100.0 % $ 7,125,680 100.0 % $ 6,531,298 100.0 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Feb. 29, 2024
Leases [Abstract]
Operating Lease Cost and Additional Lease Information	The following table provides supplemental information related to the Company's consolidated condensed statements of cash flows for the nine months ended: (In thousands) February 29, 2024 February 28, 2023 Cash paid for amounts included in the measurement of operating lease liabilities $ 38,577 $ 37,103 Operating lease right-of-use assets obtained in exchange for new and renewed $ 41,506 $ 42,900 Operating lease right-of-use assets acquired in business combinations $ 334 $ — Other information related to the operating lease right-of-use assets, net and operating lease liabilities was as follows: February 29, May 31, Weighted-average remaining lease term 5.30 years 5.28 years Weighted-average discount rate 3.38% 2.87%
Contractual Future Minimum Lease Payments of Operating Lease Liabilities	The contractual future minimum lease payments of Cintas' operating lease liabilities by fiscal year are as follows as of February 29, 2024: (In thousands) 2024 (remaining three months) $ 12,514 2025 48,456 2026 41,420 2027 32,066 2028 26,617 Thereafter 48,392 Total payments 209,465 Less interest (18,975) Total present value of lease payments $ 190,490

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Feb. 29, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis	These financial instruments measured at fair value on a recurring basis are summarized below: As of February 29, 2024 As of May 31, 2023 (In thousands) Level 1 Level 2 Level 3 Fair Value Level 1 Level 2 Level 3 Fair Value Cash and cash equivalents $ 128,483 $ — $ — $ 128,483 $ 124,149 $ — $ — $ 124,149 Other assets, net: Interest rate lock — 86,901 — 86,901 — 70,449 — 70,449 Total assets at fair $ 128,483 $ 86,901 $ — $ 215,384 $ 124,149 $ 70,449 $ — $ 194,598

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Feb. 29, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following tables set forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Cintas’ common shares: Three Months Ended Nine Months Ended Basic Earnings per Share (In thousands except per share data) February 29, 2024 February 28, 2023 February 29, 2024 February 28, 2023 Net income $ 397,579 $ 325,827 $ 1,157,277 $ 1,001,809 Less: net income allocated to participating securities 1,543 1,351 4,486 4,155 Net income available to common shareholders $ 396,036 $ 324,476 $ 1,152,791 $ 997,654 Basic weighted average common shares outstanding 101,477 101,714 101,681 101,589 Basic earnings per share $ 3.90 $ 3.19 $ 11.34 $ 9.82 Three Months Ended Nine Months Ended Diluted Earnings per Share (In thousands except per share data) February 29, 2024 February 28, 2023 February 29, 2024 February 28, 2023 Net income $ 397,579 $ 325,827 $ 1,157,277 $ 1,001,809 Less: net income allocated to participating securities 1,543 1,351 4,486 4,155 Net income available to common shareholders $ 396,036 $ 324,476 $ 1,152,791 $ 997,654 Basic weighted average common shares outstanding 101,477 101,714 101,681 101,589 Effect of dilutive securities – employee stock options 1,710 1,704 1,666 1,774 Diluted weighted average common shares outstanding 103,187 103,418 103,347 103,363 Diluted earnings per share $ 3.84 $ 3.14 $ 11.15 $ 9.65
Schedule of Buyback Activity by Program	The following table summarizes the share buyback activity by program and period: Three Months Ended Nine Months Ended February 29, 2024 February 29, 2024 Buyback Activity (In thousands except per share data) Shares Avg. Price Purchase Shares Avg. Price Purchase July 27, 2021 — $ — $ — 658 $ 486.58 $ 320,266 July 26, 2022 — — — — — — — $ — $ — 658 $ 486.58 $ 320,266 Shares acquired for taxes due (1) 74 $ 604.51 $ 45,018 277 $ 533.65 $ 147,880 Total repurchase of Cintas common stock $ 45,018 $ 468,146 Three Months Ended Nine Months Ended February 28, 2023 February 28, 2023 Buyback Activity (In thousands except per share data) Shares Avg. Price Purchase Shares Avg. Price Purchase July 27, 2021 — $ — $ — 544 $ 395.97 $ 215,434 July 26, 2022 — — — — — — — $ — $ — 544 $ 395.97 $ 215,434 Shares acquired for taxes due (1) 49 $ 448.79 $ 22,235 375 $ 414.23 $ 155,483 Total repurchase of Cintas common stock $ 22,235 $ 370,917 (1) Shares of Cintas common stock acquired for employee payroll taxes due on options exercised and vested restricted stock awards. Three Months Ended Nine Months Ended February 29, 2024 February 29, 2024 (In thousands except per share data) Shares Avg. Price Non-Cash Shares Avg. Price Non-Cash Non-cash transaction activity 58 $ 598.80 $ 34,723 244 $ 528.68 $ 129,023 Three Months Ended Nine Months Ended February 28, 2023 February 28, 2023 Shares Avg. Price Non-Cash Shares Avg. Price Non-Cash Non-cash transaction activity 54 $ 445.60 $ 23,852 313 $ 419.78 $ 131,418

Goodwill, Service Contracts a_2

Goodwill, Service Contracts and Other Assets, Net (Tables)	9 Months Ended
	Feb. 29, 2024
Goodwill, Service Contracts And Other Assets [Abstract]
Schedule of Changes in Carrying Amount of Goodwill by Operating Segment	Changes in the carrying amount of goodwill and service contracts for the nine months ended February 29, 2024, by reportable operating segment and All Other, are as follows: Goodwill (In thousands) Uniform Rental First Aid All Total Balance as of June 1, 2023 $ 2,636,607 $ 292,868 $ 126,726 $ 3,056,201 Goodwill acquired 136,952 962 18,389 156,303 Foreign currency translation (66) (6) — (72) Balance as of February 29, 2024 $ 2,773,493 $ 293,824 $ 145,115 $ 3,212,432
Schedule of Changes in the Carrying Amount of Service Contracts by Operating Segment	Service Contracts (In thousands) Uniform Rental First Aid All Total Balance as of June 1, 2023 $ 310,030 $ 21,157 $ 15,387 $ 346,574 Service contracts acquired 25,429 290 3,696 29,415 Service contracts amortization (33,373) (3,941) (2,893) (40,207) Foreign currency translation 70 11 — 81 Balance as of February 29, 2024 $ 302,156 $ 17,517 $ 16,190 $ 335,863
Schedule of Information Regarding Service Contracts and Other Assets	Information regarding Cintas’ service contracts and other assets, net is as follows: As of February 29, 2024 As of May 31, 2023 (In thousands) Carrying Accumulated Net Carrying Accumulated Net Service contracts $ 1,034,141 $ 698,278 $ 335,863 $ 1,004,754 $ 658,180 $ 346,574 Capitalized contract costs (1) $ 749,779 $ 488,954 $ 260,825 $ 665,705 $ 413,680 $ 252,025 Noncompete and 222,070 69,896 152,174 198,260 67,294 130,966 Total other assets, net $ 971,849 $ 558,850 $ 412,999 $ 863,965 $ 480,974 $ 382,991 (1)
Schedule of Finite-lived Intangible Assets Amortization Expense	As of February 29, 2024, the estimated future amortization expense for service contracts and other assets, excluding any future acquisitions and commissions to be earned, is as follows: Fiscal Year (In thousands) 2024 (remaining three months) $ 40,005 2025 149,298 2026 128,040 2027 104,762 2028 80,283 Thereafter 200,916 Total future amortization expense $ 703,304

Debt, Derivatives and Hedging_2

Debt, Derivatives and Hedging Activities (Tables)	9 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	Cintas' outstanding debt is summarized as follows: (In thousands) Interest Fiscal Year Fiscal Year February 29, May 31, Debt due after one year Senior notes (1) 3.11 % 2015 2025 $ 50,378 $ 50,630 Senior notes 3.45 % 2022 2025 400,000 400,000 Senior notes 3.70 % 2017 2027 1,000,000 1,000,000 Senior notes 4.00 % 2022 2032 800,000 800,000 Senior notes 6.15 % 2007 2037 236,550 250,000 Debt issuance costs (12,020) (14,225) Total debt due after one year $ 2,474,908 $ 2,486,405 (1)
Schedule of Interest Rate Lock Agreements	The fair values of the outstanding interest rate locks, for forecasted debt issuances, are summarized as follows: February 29, 2024 May 31, 2023 Fiscal Year of Issuance (In thousands) Other Other 2022 $ 52,867 $ 44,803 2020 $ 34,034 $ 25,646

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Feb. 29, 2024
Business Combination and Asset Acquisition [Abstract]
Aggregate Purchase Price and Fair Value Allocations	Cintas acquired the following number of individually immaterial businesses by reportable operating segment and All Other during the nine months ended: February 29, 2024 February 28, 2023 Uniform Rental and Facility Services 7 3 First Aid and Safety Services 1 4 All Other 8 8
Schedule of Purchase Price Allocation	The following summarizes the aggregate purchase price and fair value allocations for all businesses acquired during the nine months ended: (In thousands) February 29, 2024 February 28, 2023 Fair value of tangible assets acquired $ 14,350 $ 5,506 Fair value of service contracts acquired 28,860 8,448 Fair value of other intangibles acquired 5,278 1,062 Net goodwill recognized 155,653 20,793 Total fair value of assets acquired 204,141 35,809 Total fair value of liabilities assumed (19,113) (2,826) Total consideration for acquisitions, net of cash acquired $ 185,028 $ 32,983

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Feb. 29, 2024
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive (Loss) Income	The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive income (loss), net of tax: (In thousands) Foreign Unrealized Income Other Total Balance at June 1, 2023 $ (17,001) $ 96,714 $ (1,935) $ 77,778 Other comprehensive income before reclassifications 2,634 8,199 — 10,833 Amounts reclassified from accumulated other comprehensive income (loss) — (1,442) — (1,442) Net current period other comprehensive income 2,634 6,757 — 9,391 Balance at August 31, 2023 (14,367) 103,471 (1,935) 87,169 Other comprehensive (loss) income before (1,813) 9,099 379 7,665 Amounts reclassified from accumulated other comprehensive income (loss) — (1,495) — (1,495) Net current period other comprehensive (loss) income (1,813) 7,604 379 6,170 Balance at November 30, 2023 (16,180) 111,075 (1,556) 93,339 Other comprehensive loss before reclassifications (450) (5,042) — (5,492) Amounts reclassified from accumulated other comprehensive income (loss) — (1,524) — (1,524) Net current period other comprehensive loss (450) (6,566) — (7,016) Balance at February 29, 2024 $ (16,630) $ 104,509 $ (1,556) $ 86,323 (In thousands) Foreign Unrealized Income Other Total Balance at June 1, 2022 $ 17,006 $ 92,688 $ (1,777) $ 107,917 Other comprehensive (loss) income before (19,206) 934 — (18,272) Amounts reclassified from accumulated other comprehensive income (loss) — (1,521) — (1,521) Net current period other comprehensive loss (19,206) (587) — (19,793) Balance at August 31, 2022 (2,200) 92,101 (1,777) 88,124 Other comprehensive (loss) income before (9,901) 7,394 — (2,507) Amounts reclassified from accumulated other comprehensive income (loss) — (1,521) — (1,521) Net current period other comprehensive (loss) income (9,901) 5,873 — (4,028) Balance at November 30, 2022 (12,101) 97,974 (1,777) 84,096 Other comprehensive (loss) income before (7,972) 1,501 — (6,471) Amounts reclassified from accumulated other comprehensive income (loss) — (1,521) — (1,521) Net current period other comprehensive loss (7,972) (20) — (7,992) Balance at February 28, 2023 $ (20,073) $ 97,954 $ (1,777) $ 76,104
Schedule of Reclassifications Out of Accumulated Other Comprehensive (Loss) Income	The following table summarizes the reclassifications out of accumulated other comprehensive income (loss): Details about Accumulated Amount Reclassified from Affected Line in the Three Months Ended Nine Months Ended (In thousands) February 29, February 28, February 29, February 28, Amortization of interest $ 2,037 $ 2,033 $ 5,964 $ 6,100 Interest expense Tax expense (513) (512) (1,503) (1,537) Income taxes Amortization of interest rate locks, net of tax $ 1,524 $ 1,521 $ 4,461 $ 4,563

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Feb. 29, 2024
Segment Reporting [Abstract]
Schedule of Information Related to Operating Segments	Information related to the operations of Cintas’ reportable operating segments and All Other is set forth below: (In thousands) Uniform Rental First Aid All Corporate (1) Total For the three months ended February 29, 2024 Revenue $ 1,876,642 $ 262,602 $ 266,929 $ — $ 2,406,173 Income (loss) before income taxes $ 420,407 $ 57,717 $ 42,676 $ (24,600) $ 496,200 For the three months ended February 28, 2023 Revenue $ 1,716,165 $ 231,605 $ 242,216 $ — $ 2,189,986 Income (loss) before income taxes $ 359,995 $ 47,271 $ 39,546 $ (28,446) $ 418,366 As of and for the nine months ended February 29, 2024 Revenue $ 5,554,009 $ 789,696 $ 781,975 $ — $ 7,125,680 Income (loss) before income taxes $ 1,226,547 $ 175,828 $ 118,664 $ (74,543) $ 1,446,496 Total assets $ 7,503,038 $ 745,633 $ 602,096 $ 128,108 $ 8,978,875 As of and for the nine months ended February 28, 2023 Revenue $ 5,123,924 $ 701,740 $ 705,634 $ — $ 6,531,298 Income (loss) before income taxes $ 1,093,861 $ 133,612 $ 104,393 $ (84,587) $ 1,247,279 Total assets $ 7,150,227 $ 694,777 $ 532,434 $ 88,563 $ 8,466,001 (1)

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	Feb. 29, 2024	May 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 23,092	$ 27,878
Work in process	41,442	56,384
Finished goods	386,681	422,342
Inventories, net	451,215	506,604
Reserves for obsolete inventory	$ 74,100	$ 80,100

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 2,406,173	$ 2,189,986	$ 7,125,680	$ 6,531,298
Uniform Rental and Facility Services
Disaggregation of Revenue [Line Items]
Revenue	1,876,642	1,716,165	5,554,009	5,123,924
First Aid and Safety Services
Disaggregation of Revenue [Line Items]
Revenue	262,602	231,605	789,696	701,740
Fire Protection Services
Disaggregation of Revenue [Line Items]
Revenue	182,410	155,762	530,676	454,211
Uniform Direct Sales
Disaggregation of Revenue [Line Items]
Revenue	$ 84,519	$ 86,454	$ 251,299	$ 251,423
Revenue | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of revenue	100%	100%	100%	100%
Revenue | Product Concentration Risk | Uniform Rental and Facility Services
Disaggregation of Revenue [Line Items]
Percentage of revenue	78%	78.40%	78%	78.50%
Revenue | Product Concentration Risk | First Aid and Safety Services
Disaggregation of Revenue [Line Items]
Percentage of revenue	10.90%	10.60%	11.10%	10.70%
Revenue | Product Concentration Risk | Fire Protection Services
Disaggregation of Revenue [Line Items]
Percentage of revenue	7.60%	7.10%	7.40%	7%
Revenue | Product Concentration Risk | Uniform Direct Sales
Disaggregation of Revenue [Line Items]
Percentage of revenue	3.50%	3.90%	3.50%	3.80%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	May 31, 2023
Disaggregation of Revenue [Line Items]
Deferred commissions, current	$ 94.3		$ 94.3		$ 92.5
Deferred commissions, noncurrent	260.8		260.8		$ 251.6
Amortization of deferred commissions	$ 25.6	$ 24	$ 75.3	$ 69.8
Revenue | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of revenue	100%	100%	100%	100%
Uniform Rental and Facility Services, First Aid and Safety Services and Fire Protection Services | Revenue | Product Concentration Risk | Route Servicing Fees
Disaggregation of Revenue [Line Items]
Percentage of revenue			95%
Uniform Direct Sales | Revenue | Product Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of revenue	3.50%	3.90%	3.50%	3.80%
Uniform Direct Sales | Revenue | Product Concentration Risk | Other
Disaggregation of Revenue [Line Items]
Percentage of revenue			5%

Leases - Operating Lease Cost a

Leases - Operating Lease Cost and Additional Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	May 31, 2023
Leases [Abstract]
Operating lease costs	$ 21,000	$ 19,800	$ 61,500	$ 59,300
Other information related to operating leases
Cash paid for amounts included in the measurement of operating lease liabilities			38,577	37,103
Operating lease right-of-use assets obtained in exchange for new and renewed operating lease liabilities			41,506	42,900
Operating lease right-of-use assets acquired in business combinations			$ 334	$ 0
Weighted-average remaining lease term	5 years 3 months 18 days		5 years 3 months 18 days		5 years 3 months 10 days
Weighted-average discount rate	3.38%		3.38%		2.87%

Leases - Contractual Future Min

Leases - Contractual Future Minimum Lease Payments (Details) $ in Thousands	Feb. 29, 2024 USD ($)
Leases [Abstract]
2024 (remaining three months)	$ 12,514
2025	48,456
2026	41,420
2027	32,066
2028	26,617
Thereafter	48,392
Total payments	209,465
Less interest	(18,975)
Total present value of lease payments	$ 190,490

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Feb. 29, 2024	May 31, 2023
Fair value on a recurring basis
Cash and cash equivalents	$ 128,483	$ 124,149
Other assets, net:
Total assets at fair value	215,384	194,598
Interest rate lock agreements
Other assets, net:
Interest rate lock agreements	86,901	70,449
Level 1
Fair value on a recurring basis
Cash and cash equivalents	128,483	124,149
Other assets, net:
Total assets at fair value	128,483	124,149
Level 1 | Interest rate lock agreements
Other assets, net:
Interest rate lock agreements	0	0
Level 2
Fair value on a recurring basis
Cash and cash equivalents	0	0
Other assets, net:
Total assets at fair value	86,901	70,449
Level 2 | Interest rate lock agreements
Other assets, net:
Interest rate lock agreements	86,901	70,449
Level 3
Fair value on a recurring basis
Cash and cash equivalents	0	0
Other assets, net:
Total assets at fair value	0	0
Level 3 | Interest rate lock agreements
Other assets, net:
Interest rate lock agreements	$ 0	$ 0

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Basic earnings per share:
Net income	$ 397,579	$ 325,827	$ 1,157,277	$ 1,001,809
Less: net income allocated to participating securities	1,543	1,351	4,486	4,155
Net income available to common shareholders	$ 396,036	$ 324,476	$ 1,152,791	$ 997,654
Basic weighted average common shares outstanding (in shares)	101,477	101,714	101,681	101,589
Basic earnings per share (in dollars per share)	$ 3.90	$ 3.19	$ 11.34	$ 9.82
Diluted earnings per share:
Net income	$ 397,579	$ 325,827	$ 1,157,277	$ 1,001,809
Less: net income allocated to participating securities	1,543	1,351	4,486	4,155
Net income available to common shareholders	$ 396,036	$ 324,476	$ 1,152,791	$ 997,654
Basic weighted average common shares outstanding (in shares)	101,477	101,714	101,681	101,589
Effect of dilutive securities - employee stock options (in shares)	1,710	1,704	1,666	1,774
Diluted weighted average common shares outstanding (in shares)	103,187	103,418	103,347	103,363
Diluted earnings per share (in dollars per share)	$ 3.84	$ 3.14	$ 11.15	$ 9.65

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) shares in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Jul. 26, 2022	Jul. 27, 2021
Earnings Per Share [Abstract]
Options granted and excluded from the computation of diluted earnings per share (in shares)	0.5	0.5	0.4	1
July 27, 2021 Plan
Equity, Class of Treasury Stock [Line Items]
Share buyback program, authorized amount						$ 1,500,000,000
July 26, 2022 Plan
Equity, Class of Treasury Stock [Line Items]
Share buyback program, authorized amount					$ 1,000,000,000

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Buyback Activity by Program (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	Feb. 29, 2024	Feb. 28, 2023
Equity, Class of Treasury Stock [Line Items]
Stock purchased under share buyback	$ 45,018	$ 349,852	$ 73,276	$ 22,235	$ 28,348	$ 320,334	$ 468,146	$ 370,917
Shares acquired for taxes due (in shares)	74			49			277	375
Shares acquired for taxes due, average price (in dollars per share)	$ 604.51			$ 448.79			$ 533.65	$ 414.23
Shares acquired for taxes due	$ 45,018			$ 22,235			$ 147,880	$ 155,483
Share Buyback Programs
Equity, Class of Treasury Stock [Line Items]
Stock purchased under share buyback (in shares)	0			0			658	544
Stock purchased under share buyback, average price (in dollars per share)	$ 0			$ 0			$ 486.58	$ 395.97
Stock purchased under share buyback	$ 0			$ 0			$ 320,266	$ 215,434
July 27, 2021 Plan
Equity, Class of Treasury Stock [Line Items]
Stock purchased under share buyback (in shares)	0			0			658	544
Stock purchased under share buyback, average price (in dollars per share)	$ 0			$ 0			$ 486.58	$ 395.97
Stock purchased under share buyback	$ 0			$ 0			$ 320,266	$ 215,434
July 26, 2022 Plan
Equity, Class of Treasury Stock [Line Items]
Stock purchased under share buyback (in shares)	0			0			0	0
Stock purchased under share buyback, average price (in dollars per share)	$ 0			$ 0			$ 0	$ 0
Stock purchased under share buyback	$ 0			$ 0			$ 0	$ 0

Earnings Per Share - Schedule_3

Earnings Per Share - Schedule of Non Cash Buyback Activity by Program (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	Feb. 29, 2024	Feb. 28, 2023
Equity, Class of Treasury Stock [Line Items]
Stock purchased under share buyback	$ 45,018	$ 349,852	$ 73,276	$ 22,235	$ 28,348	$ 320,334	$ 468,146	$ 370,917
Noncash Share Repurchase Transaction
Equity, Class of Treasury Stock [Line Items]
Stock purchased under share buyback (in shares)	58			54			244	313
Stock purchased under share buyback, average price (in dollars per share)	$ 598.80			$ 445.60			$ 528.68	$ 419.78
Stock purchased under share buyback	$ 34,723			$ 23,852			$ 129,023	$ 131,418

Goodwill, Service Contracts a_3

Goodwill, Service Contracts and Other Assets, Net - Schedule of Goodwill (Details) $ in Thousands	9 Months Ended
	Feb. 29, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 3,056,201
Goodwill acquired	156,303
Foreign currency translation	(72)
Ending balance	3,212,432
Uniform Rental and Facility Services
Goodwill [Roll Forward]
Beginning balance	2,636,607
Goodwill acquired	136,952
Foreign currency translation	(66)
Ending balance	2,773,493
First Aid and Safety Services
Goodwill [Roll Forward]
Beginning balance	292,868
Goodwill acquired	962
Foreign currency translation	(6)
Ending balance	293,824
All Other
Goodwill [Roll Forward]
Beginning balance	126,726
Goodwill acquired	18,389
Foreign currency translation	0
Ending balance	$ 145,115

Goodwill, Service Contracts a_4

Goodwill, Service Contracts and Other Assets, Net - Schedule of Service Contracts (Details) $ in Thousands	9 Months Ended
	Feb. 29, 2024 USD ($)
Service contracts [Roll Forward]
Ending balance	$ 703,304
Service Contracts
Service contracts [Roll Forward]
Beginning balance	346,574
Service contracts acquired	29,415
Service contracts amortization	(40,207)
Foreign currency translation	81
Ending balance	335,863
Service Contracts | Uniform Rental and Facility Services
Service contracts [Roll Forward]
Beginning balance	310,030
Service contracts acquired	25,429
Service contracts amortization	(33,373)
Foreign currency translation	70
Ending balance	302,156
Service Contracts | First Aid and Safety Services
Service contracts [Roll Forward]
Beginning balance	21,157
Service contracts acquired	290
Service contracts amortization	(3,941)
Foreign currency translation	11
Ending balance	17,517
Service Contracts | All Other
Service contracts [Roll Forward]
Beginning balance	15,387
Service contracts acquired	3,696
Service contracts amortization	(2,893)
Foreign currency translation	0
Ending balance	$ 16,190

Goodwill, Service Contracts a_5

Goodwill, Service Contracts and Other Assets, Net - Schedule of Information Regarding Service Contracts and Other Assets, Net (Details) - USD ($) $ in Thousands	Feb. 29, 2024	May 31, 2023
Information regarding service contracts and other assets
Total future amortization expense	$ 703,304
Other assets, carrying amount	971,849	$ 863,965
Other assets, accumulated amortization	558,850	480,974
Other assets, net	412,999	382,991
Capitalized contract costs
Information regarding service contracts and other assets
Other assets, carrying amount	749,779	665,705
Other assets, accumulated amortization	488,954	413,680
Other assets, net	260,825	252,025
Other assets current	94,300	92,500
Noncompete and consulting agreements and other
Information regarding service contracts and other assets
Other assets, carrying amount	222,070	198,260
Other assets, accumulated amortization	69,896	67,294
Other assets, net	152,174	130,966
Service Contracts
Information regarding service contracts and other assets
Service contracts, carrying amount	1,034,141	1,004,754
Service contracts, accumulated amortization	698,278	658,180
Total future amortization expense	$ 335,863	$ 346,574

Goodwill, Service Contracts a_6

Goodwill, Service Contracts and Other Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Goodwill, Service Contracts And Other Assets [Abstract]
Amortization expense for service contracts and other assets	$ 40	$ 37.8	$ 117.9	$ 111.5

Goodwill, Service Contracts a_7

Goodwill, Service Contracts and Other Assets, Net - Schedule of Finite-lived Intangible Assets Amortization Expense (Details) $ in Thousands	Feb. 29, 2024 USD ($)
Goodwill, Service Contracts And Other Assets [Abstract]
2024 (remaining three months)	$ 40,005
2025	149,298
2026	128,040
2027	104,762
2028	80,283
Thereafter	200,916
Total future amortization expense	$ 703,304

Debt, Derivatives and Hedging_3

Debt, Derivatives and Hedging Activities - Schedule of Debt Outstanding (Details) - USD ($)	Feb. 29, 2024	May 31, 2023
Debt due after one year
Debt issuance costs	$ (12,020,000)	$ (14,225,000)
Total debt due after one year	2,474,908,000	2,486,405,000
Senior notes | Senior Notes, 3.11%, 2025 Maturity
Debt due after one year
Debt due after one year, gross	$ 50,378,000	50,630,000
Effective interest rate	3.11%
Senior notes | Senior Notes, 3.11%, 2025 Maturity | G&K Services
Debt due after one year
Face value	$ 50,000,000
Stated interest rate	3.88%
Senior notes | Senior Notes 3.45%, 2025 Maturity
Debt due after one year
Debt due after one year, gross	$ 400,000,000	400,000,000
Stated interest rate	3.45%
Senior notes | Senior Notes, 3.70%, 2027 Maturity
Debt due after one year
Debt due after one year, gross	$ 1,000,000,000	1,000,000,000
Stated interest rate	3.70%
Senior notes | Senior Notes 4.00%, 2032 Maturity
Debt due after one year
Debt due after one year, gross	$ 800,000,000	800,000,000
Stated interest rate	4%
Senior notes | Senior Notes, 6.15%, 2037 Maturity
Debt due after one year
Debt due after one year, gross	$ 236,550,000	$ 250,000,000
Stated interest rate	6.15%

Debt, Derivatives and Hedging_4

Debt, Derivatives and Hedging Activities - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	May 31, 2023
Debt Instrument [Line Items]
Debt, carrying value	$ 2,486,600,000		$ 2,486,600,000		$ 2,500,000,000
Debt, fair value	2,410,800,000		2,410,800,000		2,443,800,000
Repayments of commercial paper				$ 62,200,000
Amortization of interest rate lock agreements - decrease to other comprehensive income (loss)	1,500,000	$ 1,500,000	4,500,000	$ 4,600,000
Notional value	500,000,000		500,000,000		500,000,000
Commercial paper
Debt Instrument [Line Items]
Commercial paper	0		0		0
Revolving credit facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity with accordion feature	2,000,000,000		2,000,000,000
Debt amendment, increase limit (up to)	500,000,000		500,000,000
Revolving credit facility amount outstanding	$ 0		0		$ 0
Senior Notes, 6.15%, 2037 Maturity | Senior notes
Debt Instrument [Line Items]
Repayment of debt			$ 13,500,000
Stated interest rate	6.15%		6.15%
Debt term			30 years
Loss recognized			$ 900,000

Debt, Derivatives and Hedging_5

Debt, Derivatives and Hedging Activities - Interest Rate Lock Agreements (Details) - USD ($) $ in Thousands	Feb. 29, 2024	May 31, 2023
Interest Rate Contract, 2022
Derivatives, Fair Value [Line Items]
Derivative assets	$ 52,867	$ 44,803
Interest Rate Contract, 2020
Derivatives, Fair Value [Line Items]
Derivative assets	$ 34,034	$ 25,646

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	May 31, 2023
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 27.9		$ 27.9		$ 29.3
Effective tax rate	19.90%	22.10%	20%	19.70%

Acquisitions - Schedule of Busi

Acquisitions - Schedule of Businesses by Reportable Operating Segment and All Other (Details) - Series of Individually Immaterial Business Acquisitions - business	9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Uniform Rental and Facility Services
Business Acquisition [Line Items]
Number of businesses acquired	7	3
First Aid and Safety Services
Business Acquisition [Line Items]
Number of businesses acquired	1	4
All Other
Business Acquisition [Line Items]
Number of businesses acquired	8	8

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocation for Other Acquisitions (Details) - USD ($) $ in Thousands	Feb. 29, 2024	May 31, 2023	Feb. 28, 2023
Business Acquisition [Line Items]
Goodwill	$ 3,212,432	$ 3,056,201
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Fair value of tangible assets acquired	14,350		$ 5,506
Fair value of service contracts acquired	28,860		8,448
Fair value of other intangibles acquired	5,278		1,062
Goodwill	155,653		20,793
Total fair value of assets acquired	204,141		35,809
Total fair value of liabilities assumed	(19,113)		(2,826)
Total consideration for acquisitions, net of cash acquired	$ 185,028		$ 32,983

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	Feb. 29, 2024	Feb. 28, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 3,994,481	$ 4,077,635	$ 3,863,986	$ 3,430,538	$ 3,229,626	$ 3,308,196	$ 3,863,986	$ 3,308,196
Other comprehensive (loss) income before reclassifications	(5,492)	7,665	10,833	(6,471)	(2,507)	(18,272)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,524)	(1,495)	(1,442)	(1,521)	(1,521)	(1,521)
Other comprehensive (loss) income, net of tax (benefit) expense of $(2,239), $1, $2,822 and $1,827, respectively	(7,016)	6,170	9,391	(7,992)	(4,028)	(19,793)	8,545	(31,813)
Ending balance	4,234,083	3,994,481	4,077,635	3,633,256	3,430,538	3,229,626	4,234,083	3,633,256
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	93,339	87,169	77,778	84,096	88,124	107,917	77,778	107,917
Other comprehensive (loss) income, net of tax (benefit) expense of $(2,239), $1, $2,822 and $1,827, respectively	(7,016)	6,170	9,391	(7,992)	(4,028)	(19,793)
Ending balance	86,323	93,339	87,169	76,104	84,096	88,124	86,323	76,104
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(16,180)	(14,367)	(17,001)	(12,101)	(2,200)	17,006	(17,001)	17,006
Other comprehensive (loss) income before reclassifications	(450)	(1,813)	2,634	(7,972)	(9,901)	(19,206)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Other comprehensive (loss) income, net of tax (benefit) expense of $(2,239), $1, $2,822 and $1,827, respectively	(450)	(1,813)	2,634	(7,972)	(9,901)	(19,206)
Ending balance	(16,630)	(16,180)	(14,367)	(20,073)	(12,101)	(2,200)	(16,630)	(20,073)
Unrealized Income on Interest Rate Locks
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	111,075	103,471	96,714	97,974	92,101	92,688	96,714	92,688
Other comprehensive (loss) income before reclassifications	(5,042)	9,099	8,199	1,501	7,394	934
Amounts reclassified from accumulated other comprehensive income (loss)	(1,524)	(1,495)	(1,442)	(1,521)	(1,521)	(1,521)
Other comprehensive (loss) income, net of tax (benefit) expense of $(2,239), $1, $2,822 and $1,827, respectively	(6,566)	7,604	6,757	(20)	5,873	(587)
Ending balance	104,509	111,075	103,471	97,954	97,974	92,101	104,509	97,954
Other
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,556)	(1,935)	(1,935)	(1,777)	(1,777)	(1,777)	(1,935)	(1,777)
Other comprehensive (loss) income before reclassifications	0	379	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Other comprehensive (loss) income, net of tax (benefit) expense of $(2,239), $1, $2,822 and $1,827, respectively	0	379	0	0	0	0
Ending balance	$ (1,556)	$ (1,556)	$ (1,935)	$ (1,777)	$ (1,777)	$ (1,777)	$ (1,556)	$ (1,777)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	Feb. 29, 2024	Feb. 28, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 25,530			$ 28,819			$ 76,664	$ 85,459
Income taxes	(98,621)			(92,539)			(289,219)	(245,470)
Net income	397,579	$ 374,613	$ 385,085	325,827	$ 324,293	$ 351,689	1,157,277	1,001,809
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Unrealized Income on Interest Rate Locks
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	(513)			(512)			(1,503)	(1,537)
Net income	1,524			1,521			4,461	4,563
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Unrealized Income on Interest Rate Locks | Interest Rate Locks
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 2,037			$ 2,033			$ 5,964	$ 6,100

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	May 31, 2023
Segment Reporting Information
Revenue	$ 2,406,173	$ 2,189,986	$ 7,125,680	$ 6,531,298
Income (loss) before income taxes	496,200	418,366	1,446,496	1,247,279
Total assets	8,978,875	8,466,001	8,978,875	8,466,001	$ 8,546,356
Uniform Rental and Facility Services
Segment Reporting Information
Revenue	1,876,642	1,716,165	5,554,009	5,123,924
First Aid and Safety Services
Segment Reporting Information
Revenue	262,602	231,605	789,696	701,740
Operating Segments | Uniform Rental and Facility Services
Segment Reporting Information
Revenue	1,876,642	1,716,165	5,554,009	5,123,924
Income (loss) before income taxes	420,407	359,995	1,226,547	1,093,861
Total assets	7,503,038	7,150,227	7,503,038	7,150,227
Operating Segments | First Aid and Safety Services
Segment Reporting Information
Revenue	262,602	231,605	789,696	701,740
Income (loss) before income taxes	57,717	47,271	175,828	133,612
Total assets	745,633	694,777	745,633	694,777
Operating Segments | All Other
Segment Reporting Information
Revenue	266,929	242,216	781,975	705,634
Income (loss) before income taxes	42,676	39,546	118,664	104,393
Total assets	602,096	532,434	602,096	532,434
Corporate
Segment Reporting Information
Revenue	0	0	0	0
Income (loss) before income taxes	(24,600)	(28,446)	(74,543)	(84,587)
Total assets	$ 128,108	$ 88,563	$ 128,108	$ 88,563

Litigation and Other Continge_2

Litigation and Other Contingencies (Details) $ in Millions	Feb. 29, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Estimated litigation accrued	$ 45