RPM International (RPM) 10-Q5 Jan 232023 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Nov. 30, 2022	Dec. 28, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	RPM
Entity Registrant Name	RPM International Inc.
Entity Central Index Key	0000110621
Current Fiscal Year End Date	--05-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	false
Entity File Number	1-14187
Entity Tax Identification Number	02-0642224
Entity Address, Address Line One	2628 PEARL ROAD
Entity Address, City or Town	MEDINA
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44256
City Area Code	330
Local Phone Number	273-5090
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		129,090,039
Title of 12(b) Security	Common Stock, par value $0.01

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Current Assets
Cash and cash equivalents	$ 232,118	$ 201,672
Trade accounts receivable (less allowances of $48,041 and $46,669, respectively)	1,340,127	1,432,632
Inventories	1,389,591	1,212,618
Prepaid expenses and other current assets	355,024	304,887
Total current assets	3,316,860	3,151,809
Property, Plant and Equipment, at Cost	2,187,570	2,132,915
Allowance for depreciation	(1,061,701)	(1,028,932)
Property, plant and equipment, net	1,125,869	1,103,983
Other Assets
Goodwill	1,341,580	1,337,868
Other intangible assets, net of amortization	581,909	592,261
Operating lease right-of-use assets	295,384	307,797
Deferred income taxes	16,201	18,914
Other	171,710	195,074
Total other assets	2,406,784	2,451,914
Total Assets	6,849,513	6,707,706
Current Liabilities
Accounts payable	679,596	800,369
Current portion of long-term debt	3,713	603,454
Accrued compensation and benefits	197,266	262,445
Accrued losses	25,795	24,508
Other accrued liabilities	383,664	325,632
Total current liabilities	1,290,034	2,016,408
Long-Term Liabilities
Long-term debt, less current maturities	2,841,066	2,083,155
Operating lease liabilities	254,217	265,139
Other long-term liabilities	292,101	276,990
Deferred income taxes	80,010	82,186
Total long-term liabilities	3,467,394	2,707,470
Contingencies and Accrued Losses (Note 13)
Stockholders' Equity
Preferred stock, par value $0.01; authorized 50,000 shares; none issued
Common stock, par value $0.01; authorized 300,000 shares; issued 145,100 and outstanding 129,090 as of November 30, 2022; issued 144,685 and outstanding 129,199 as of May 31, 2022	1,291	1,292
Paid-in capital	1,113,025	1,096,147
Treasury stock, at cost	(756,872)	(717,019)
Accumulated other comprehensive (loss)	(601,046)	(537,337)
Retained earnings	2,334,063	2,139,346
Total RPM International Inc. stockholders' equity	2,090,461	1,982,429
Noncontrolling Interest	1,624	1,399
Total equity	2,092,085	1,983,828
Total Liabilities and Stockholders' Equity	$ 6,849,513	$ 6,707,706

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 48,041	$ 46,669
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	300,000,000	300,000,000
Common stock, issued	145,100,000	144,685,000
Common stock, outstanding	129,090,000	129,199,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Income Statement [Abstract]
Net Sales		$ 1,791,708	$ 1,639,538	$ 3,724,028	$ 3,289,959
Cost of Sales		1,101,317	1,056,924	2,289,166	2,093,994
Gross Profit		690,391	582,614	1,434,862	1,195,965
Selling, General and Administrative Expenses		490,607	437,709	975,812	856,676
Restructuring Expense		1,272	2,977	2,626	3,988
Interest Expense		27,918	21,002	54,629	42,111
Investment (Income) Expense, Net		(6,851)	2,816	(3,187)	(2,934)
(Gain) on Sales of Assets, Net			(42,124)		(42,242)
Other Expense (Income), Net		2,310	(2,920)	4,726	(6,259)
Income Before Income Taxes		175,135	163,154	400,256	344,625
Provision for Income Taxes		43,593	38,038	99,435	84,714
Net Income		131,542	125,116	300,821	259,911
Less: Net Income Attributable to Noncontrolling Interests		198	241	464	454
Net Income Attributable to RPM International Inc. Stockholders		$ 131,344	$ 124,875	$ 300,357	$ 259,457
Average Number of Shares of Common Stock Outstanding:
Basic		127,585	128,022	127,600	128,058
Diluted	[1]	128,911	128,494	128,887	128,537
Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic		$ 1.02	$ 0.97	$ 2.34	$ 2.01
Diluted		$ 1.02	$ 0.96	$ 2.33	$ 2

[1] For the three months ended November 30, 2022 and 2021, approximately 700,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the six months ended November 30, 2022 and 2021, approximately 720,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 131,542	$ 125,116	$ 300,821	$ 259,911
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments (net of tax of $570; $1,521; $2,191 and $3,858, respectively)	9,172	(46,866)	(69,783)	(85,846)
Pension and other postretirement benefit liability adjustments (net of tax of $1,074; $1,213; $2,505 and $2,679, respectively)	3,549	3,587	7,821	8,029
Unrealized (loss) gain on securities and other (net of tax of $117; $90; $206 and $235, respectively)	(234)	(177)	(574)	97
Unrealized (loss) gain on derivatives (net of tax of zero; $3,142; zero and $5,713, respectively)	(604)	10,190	(1,211)	18,800
Total other comprehensive income (loss)	11,883	(33,266)	(63,747)	(58,920)
Total Comprehensive Income	143,425	91,850	237,074	200,991
Less: Comprehensive Income Attributable to Noncontrolling Interests	222	212	426	395
Comprehensive Income Attributable to RPM International Inc. Stockholders	$ 143,203	$ 91,638	$ 236,648	$ 200,596

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, Tax	$ 570	$ 1,521	$ 2,191	$ 3,858
Pension and other postretirement benefit liability adjustments, Tax	1,074	1,213	2,505	2,679
Unrealized (loss) on securities and other, Tax	117	90	206	235
Unrealized gain (loss) on derivatives, Tax	$ 0	$ 3,142	$ 0	$ 5,713

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Cash Flows from Operating Activities:
Net Income	$ 300,821	$ 259,911
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	76,750	75,975
Restructuring charges, net of payments		(2,107)
Fair value adjustments to contingent earnout obligations		2,470
Deferred income taxes	(4,196)	(6,130)
Stock-based compensation expense	16,877	17,010
Net loss on marketable securities	2,812	1,817
Net (gain) on sales of assets		(42,242)
Other	(104)	(7)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:
Decrease in receivables	72,931	80,510
(Increase) in inventory	(189,487)	(124,941)
(Increase) in prepaid expenses and other current and long-term assets	(23,025)	(15,165)
(Decrease) in accounts payable	(95,502)	(29,291)
(Decrease) in accrued compensation and benefits	(62,724)	(73,449)
Increase (decrease) in accrued losses	1,465	(3,322)
Increase in other accrued liabilities	94,297	18,316
Cash Provided by Operating Activities	190,915	159,355
Cash Flows from Investing Activities:
Capital expenditures	(113,463)	(101,416)
Acquisition of businesses, net of cash acquired	(47,542)	(114,231)
Purchase of marketable securities	(10,309)	(9,476)
Proceeds from sales of marketable securities	7,071	6,179
Proceeds from sales of assets		50,599
Other	236	(55)
Cash (Used for) Investing Activities	(164,007)	(168,400)
Cash Flows from Financing Activities:
Additions to long-term and short-term debt	517,785	104,377
Reductions of long-term and short-term debt	(351,795)	(733)
Cash dividends	(105,640)	(100,725)
Repurchases of common stock	(25,000)	(12,500)
Shares of common stock returned for taxes	(14,825)	(9,959)
Payments of acquisition-related contingent consideration	(3,705)	(5,714)
Other	(2,627)	(710)
Cash Provided by(Used for) Financing Activities	14,193	(25,964)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(10,655)	(18,844)
Net Change in Cash and Cash Equivalents	30,446	(53,853)
Cash and Cash Equivalents at Beginning of Period	201,672	246,704
Cash and Cash Equivalents at End of Period	232,118	192,851
Cash paid during the period for:
Interest	52,256	41,095
Income Taxes, net of refunds	84,034	102,826
Supplemental Disclosures of Noncash Investing Activities:
Capital expenditures accrued within accounts payable at quarter-end	$ 8,879	$ 9,847

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total RPM International Inc. Equity	Noncontrolling Interests
Beginning Balance at May. 31, 2021	$ 1,743,025	$ 1,295	$ 1,055,400	$ (653,006)	$ (514,884)	$ 1,852,259	$ 1,741,064	$ 1,961
Beginning Balance (in shares) at May. 31, 2021		129,573,000
Net income	134,795					134,582	134,582	213
Other comprehensive income (loss)	(25,654)				(25,624)		(25,624)	(30)
Dividends declared and paid	(48,901)					(48,901)	(48,901)
Share repurchases under repurchase program	(12,500)	$ (1)	1	(12,500)			(12,500)
Share repurchases under repurchase program (in shares)		(133,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	(45)	$ 3	5,760	(5,808)			(45)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		303,000
Ending Balance at Aug. 31, 2021	1,790,720	$ 1,297	1,061,161	(671,314)	(540,508)	1,937,940	1,788,576	2,144
Ending Balance (in shares) at Aug. 31, 2021		129,743,000
Beginning Balance at May. 31, 2021	1,743,025	$ 1,295	1,055,400	(653,006)	(514,884)	1,852,259	1,741,064	1,961
Beginning Balance (in shares) at May. 31, 2021		129,573,000
Net income	259,911
Other comprehensive income (loss)	(58,920)
Share repurchases under repurchase program	$ (12,500)
Share repurchases under repurchase program (in shares)	(133,388)
Ending Balance at Nov. 30, 2021	$ 1,837,756	$ 1,297	1,073,039	(675,471)	(573,745)	2,010,991	1,836,111	1,645
Ending Balance (in shares) at Nov. 30, 2021		129,677,000
Beginning Balance at Aug. 31, 2021	1,790,720	$ 1,297	1,061,161	(671,314)	(540,508)	1,937,940	1,788,576	2,144
Beginning Balance (in shares) at Aug. 31, 2021		129,743,000
Net income	125,116					124,875	124,875	241
Other comprehensive income (loss)	(33,266)				(33,237)		(33,237)	(29)
Dividends declared and paid	$ (52,535)					(51,824)	(51,824)	(711)
Share repurchases under repurchase program (in shares)	0
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ 7,721		11,878	(4,157)			7,721
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		(66,000)
Ending Balance at Nov. 30, 2021	1,837,756	$ 1,297	1,073,039	(675,471)	(573,745)	2,010,991	1,836,111	1,645
Ending Balance (in shares) at Nov. 30, 2021		129,677,000
Beginning Balance at May. 31, 2022	1,983,828	$ 1,292	1,096,147	(717,019)	(537,337)	2,139,346	1,982,429	1,399
Beginning Balance (in shares) at May. 31, 2022		129,199,000
Net income	169,279					169,013	169,013	266
Other comprehensive income (loss)	(75,630)				(75,568)		(75,568)	(62)
Dividends declared and paid	(51,420)					(51,420)	(51,420)
Other noncontrolling interest activity	(60)							(60)
Share repurchases under repurchase program	(25,000)	$ (3)	3	(25,000)			(25,000)
Share repurchases under repurchase program (in shares)		(303,000)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	(3,395)	$ 2	9,061	(12,458)			(3,395)
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		203,000
Ending Balance at Aug. 31, 2022	1,997,602	$ 1,291	1,105,211	(754,477)	(612,905)	2,256,939	1,996,059	1,543
Ending Balance (in shares) at Aug. 31, 2022		129,099,000
Beginning Balance at May. 31, 2022	1,983,828	$ 1,292	1,096,147	(717,019)	(537,337)	2,139,346	1,982,429	1,399
Beginning Balance (in shares) at May. 31, 2022		129,199,000
Net income	300,821
Other comprehensive income (loss)	(63,747)
Share repurchases under repurchase program	$ (25,000)
Share repurchases under repurchase program (in shares)	(303,079)
Ending Balance at Nov. 30, 2022	$ 2,092,085	$ 1,291	1,113,025	(756,872)	(601,046)	2,334,063	2,090,461	1,624
Ending Balance (in shares) at Nov. 30, 2022		129,090,000
Beginning Balance at Aug. 31, 2022	1,997,602	$ 1,291	1,105,211	(754,477)	(612,905)	2,256,939	1,996,059	1,543
Beginning Balance (in shares) at Aug. 31, 2022		129,099,000
Net income	131,542					131,344	131,344	198
Other comprehensive income (loss)	11,883				11,859		11,859	24
Dividends declared and paid	(54,220)					(54,220)	(54,220)
Other noncontrolling interest activity	$ (141)							(141)
Share repurchases under repurchase program (in shares)	0
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes	$ 5,419		7,814	(2,395)			5,419
Stock compensation expense and other deferred compensation, shares granted less shares returned for taxes (in shares)		(9,000)
Ending Balance at Nov. 30, 2022	$ 2,092,085	$ 1,291	$ 1,113,025	$ (756,872)	$ (601,046)	$ 2,334,063	$ 2,090,461	$ 1,624
Ending Balance (in shares) at Nov. 30, 2022		129,090,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2021	Aug. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared and paid per share	$ 0.42	$ 0.40	$ 0.40	$ 0.38

Consolidation, Noncontrolling I

Consolidation, Noncontrolling Interests and Basis of Presentation	6 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
Consolidation, Noncontrolling Interests and Basis of Presentation	NOTE 1 — CONSOLIDATION, NONCONTROLLING INTERESTS AND BASIS OF PRESENTATION The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”) for interim financial information and the instructions to Form 10-Q. In our opinion, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation have been included for the three- and six-month periods ended November 30, 2022, and November 30, 2021. For further information, refer to the Consolidated Financial Statements and Notes included in our Annual Report on Form 10-K for the year ended May 31, 2022. Our financial statements include all of our majority-owned subsidiaries. We account for our investments in less-than-majority-owned joint ventures, for which we have the ability to exercise significant influence, under the equity method. Effects of transactions between related companies are eliminated in consolidation. Noncontrolling interests are presented in our Consolidated Financial Statements as if parent company investors (controlling interests) and other minority investors (noncontrolling interests) in partially-owned subsidiaries have similar economic interests in a single entity. As a result, investments in noncontrolling interests are reported as equity in our Consolidated Financial Statements. Additionally, our Consolidated Financial Statements include 100 % of a controlled subsidiary’s earnings, rather than only our share. Transactions between the parent company and noncontrolling interests are reported in equity as transactions between stockholders, provided that these transactions do not create a change in control. Our business is dependent on external weather factors. Historically, we have experienced strong sales and net income in our first, second and fourth fiscal quarters comprising the three-month periods ending August 31, November 30 and May 31, respectively, with weaker performance in our third fiscal quarter (December through February).

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Nov. 30, 2022
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	NOTE 2 — NEW ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements The Company has not adopted any Accounting Standard Updates (“ASU”) during fiscal 2023 that have a material impact on our Consolidated Financial Statements. Additionally, there are no current ASU's issued, but not adopted, that are expected to have a material impact on the Company.

Restructuring

Restructuring	6 Months Ended
Restructuring	Nov. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring	NOTE 3 — RESTRUCTURING We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in Other Accrued Liabilities and the long-term portion, if any, in Other Long-Term Liabilities in our Consolidated Balance Sheets. Between May and August 2018, we approved and implemented the initial phases of a multi-year restructuring plan, which was originally referred to as the 2020 Margin Acceleration Plan (“MAP to Growth”). On May 31, 2021, we formally concluded our MAP to Growth, however, certain projects identified prior to that date will be completed throughout fiscal 2023. We incurred $ 1.2 and $ 2.6 million of restructuring costs for the three and six months ended November 30, 2022, respectively. We incurred $ 3.0 and $ 4.0 million of restructuring costs for the three and six months ended November 30, 2021, respectively. The current total expected costs associated with this plan are $ 121.3 million, of which $ 119.9 million has been incurred to date.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Nov. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 4 — FAIR VALUE MEASUREMENTS Financial instruments recorded in the balance sheet include cash and cash equivalents, trade accounts receivable, marketable securities, notes and accounts payable, and debt. An allowance for credit losses is established for trade accounts receivable using assessments of current creditworthiness of customers, historical collection experience, the aging of receivables and other currently available evidence. Trade accounts receivable balances are written-off against the allowance if a final determination of uncollectibility is made. All provisions for allowance for doubtful collection of accounts are included in selling, general and administrative ("SG&A") expense. The valuation techniques utilized for establishing the fair values of assets and liabilities are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect management’s market assumptions. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value, as follows: Level 1 Inputs — Quoted prices for identical instruments in active markets. Level 2 Inputs — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs — Instruments with primarily unobservable value drivers. The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. (In thousands) Quoted Prices Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 24,742 $ - $ 24,742 Corporate bonds - 141 - 141 Total available-for-sale debt securities - 24,883 - 24,883 Marketable equity securities: Stocks - foreign 645 - - 645 Stocks - domestic 4,967 - - 4,967 Mutual funds - foreign - 38,581 - 38,581 Mutual funds - domestic - 74,524 - 74,524 Total marketable equity securities 5,612 113,105 - 118,717 Contingent consideration - - ( 2,261 ) ( 2,261 ) Total $ 5,612 $ 137,988 $ ( 2,261 ) $ 141,339 (In thousands) Quoted Prices Assets Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 25,239 $ - $ 25,239 Corporate bonds - 155 - 155 Total available-for-sale debt securities - 25,394 - 25,394 Marketable equity securities: Stocks - foreign 598 - - 598 Stocks - domestic 5,085 - - 5,085 Mutual funds - foreign - 39,139 - 39,139 Mutual funds - domestic - 74,227 - 74,227 Total marketable equity securities 5,683 113,366 - 119,049 Contingent consideration - - ( 10,529 ) ( 10,529 ) Total $ 5,683 $ 138,760 $ ( 10,529 ) $ 133,914 Our investments in available-for-sale debt securities and marketable equity securities are valued using a market approach. The availability of inputs observable in the market varies from instrument to instrument and depends on a variety of factors, including the type of instrument, whether the instrument is actively traded and other characteristics particular to the transaction. For most of our financial instruments, pricing inputs are readily observable in the market, the valuation methodology used is widely accepted by market participants, and the valuation does not require significant management discretion. For other financial instruments, pricing inputs are less observable in the market and may require management judgment. The contingent consideration represents the estimated fair value of the additional variable cash consideration payable in connection with recent acquisitions that is contingent upon the achievement of certain performance milestones. We estimated the fair value using expected future cash flows over the period in which the obligation is expected to be settled which is considered to be a Level 3 input. During the first half of fiscal 2023, we recorded an increase in the contingent consideration accrual related to acquisitions of $ 2.1 million and paid approximately $ 10.3 million to satisfy contingent consideration obligations relating to certain performance milestones that were established in prior periods and achieved during the current year. During the first half of fiscal 2022, we recorded an increase in the accrual for approximately $ 2.5 million related to fair value adjustments and paid approximately $ 5.7 million to satisfy contingent consideration obligations relating to certain performance milestones that were established in prior periods and achieved during fiscal 2022. In the Consolidated Statements of Cash Flows, payments of acquisition-related contingent consideration for the amount recognized at fair value as of the acquisition date are reported in cash flows from financing activities, while payments of contingent consideration in excess of fair value as of the acquisition date, are reported in cash flows from operating activities within other accrued liabilities. The carrying value of our current financial instruments, which include cash and cash equivalents, marketable securities, trade accounts receivable, accounts payable and short-term debt approximates fair value because of the short-term maturity of these financial instruments. At November 30, 2022 and May 31, 2022, the fair value of our long-term debt was estimated using active market quotes, based on our current incremental borrowing rates for similar types of borrowing arrangements, which are Level 2 inputs. Based on the analysis performed, the fair value and the carrying value of our cash and cash equivalents and long-term debt as of November 30, 2022 and May 31, 2022 are as follows: At November 30, 2022 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 232,118 $ 232,118 Long-term debt, including current portion 2,844,779 2,644,932 At May 31, 2022 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 201,672 $ 201,672 Long-term debt, including current portion 2,686,609 2,618,978

Investment (Income) Expense, Ne

Investment (Income) Expense, Net	6 Months Ended
Investment (Income) Expense, Net	Nov. 30, 2022
Other Income and Expenses [Abstract]
Investment (Income) Expense, Net	NOTE 5 — INVESTMENT (INCOME) EXPENSE, NET Investment (income) expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Interest (income) $ ( 2,389 ) $ ( 993 ) $ ( 4,539 ) $ ( 2,146 ) Net (gain) loss on marketable securities ( 3,794 ) 5,293 2,812 1,817 Dividend (income) ( 668 ) ( 1,484 ) ( 1,460 ) ( 2,605 ) Investment (income) expense, net $ ( 6,851 ) $ 2,816 $ ( 3,187 ) $ ( 2,934 ) Net (Gain) Loss on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Unrealized (gains) losses on marketable equity securities $ ( 3,754 ) $ 5,542 $ 2,759 $ 2,324 Realized (gains) losses on marketable equity securities ( 40 ) ( 255 ) 89 ( 524 ) Realized losses (gains) on available-for-sale debt securities - 6 ( 36 ) 17 Net (gain) loss on marketable securities $ ( 3,794 ) $ 5,293 $ 2,812 $ 1,817

Other Expense (Income), Net

Other Expense (Income), Net	6 Months Ended
Other Expense (Income), Net	Nov. 30, 2022
Other Income and Expenses [Abstract]
Other Expense (Income), Net	NOTE 6 — OTHER EXPENSE (INCOME), NET Other expense (income), net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Pension non-service costs (credits) 2,486 $ ( 2,646 ) $ 5,002 $ ( 5,369 ) Other ( 176 ) ( 274 ) ( 276 ) ( 890 ) Other expense (income), net $ 2,310 $ ( 2,920 ) $ 4,726 $ ( 6,259 )

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 — INCOME TAXES The effective income tax rate of 24.9 % for the three months ended November 30, 2022 compares to the effective income tax rate of 23.3 % for the three months ended November 30, 2021. The effective income tax rate of 24.8 % for the six months ended November 30, 2022 compares to the effective income tax rate of 24.6 % for the six months ended November 30, 2021. The effective income tax rates for the three- and six-month periods ended November 30, 2022 and 2021 reflect variances from the 21 % statutory rate due primarily to the unfavorable impact of state and local income taxes, non-deductible business expenses, and the net tax on foreign subsidiary income resulting from the global intangible low-taxed income provisions, partially offset by tax benefits related to equity compensation. Additionally, the effective tax rates for the three- and six-month periods ended November 30, 2022 reflect an unfavorable period-over-period tax rate differential on foreign earnings. Our deferred tax liability for unremitted foreign earnings was $ 0.7 million as of November 30, 2022, which represents our estimate of the net tax cost associated with the remittance of $ 200.9 million of foreign earnings that are not considered to be permanently reinvested. We have not provided for foreign withholding or income taxes on the remaining foreign subsidiaries’ undistributed earnings because such earnings have been retained and reinvested by the subsidiaries as of November 30, 2022. Accordingly, no provision has been made for foreign withholding or income taxes, which may become payable if the remaining undistributed earnings of foreign subsidiaries were remitted to us as dividends.

Inventories

Inventories	6 Months Ended
Inventories	Nov. 30, 2022
Inventory Disclosure [Abstract]
Inventories	NOTE 8 — INVENTORIES Inventories, net of reserves, were composed of the following major classes: (In thousands) November 30, 2022 May 31, 2022 Raw material and supplies $ 578,260 $ 560,886 Finished goods 811,331 651,732 Total Inventory, Net of Reserves $ 1,389,591 $ 1,212,618

Borrowings

Borrowings	6 Months Ended
Borrowings	Nov. 30, 2022
Debt Disclosure [Abstract]
Borrowings	NOTE 9 — BORROWINGS 3.45% Notes due 2022 On November 15, 2022, we repaid the $ 300.0 million aggregate principal amount outstanding on our 3.45 % Notes due 2022. Revolving Credit Agreement During the quarter ended August 31, 2022, we amended our $ 1.3 billion unsecured syndicated revolving credit facility (the "Revolving Credit Facility"), which was set to expire on October 31, 2023 . The amendment extended the expiration date to August 1, 2027 and increased the borrowing capacity to $ 1.35 billion. The Revolving Credit Facility bears interest at either the base rate or the adjusted Secured Overnight Financing Rate (SOFR), as defined, at our option, plus a spread determined by our debt rating. The amount outstanding on the Revolving Credit Facility adjusted for deferred financing fees, net of amortization as of November 30, and May 31, 2022, was $ 699.0 and $ 442.2 million, respectively. The Revolving Credit Facility is available to refinance existing indebtedness, to finance working capital and capital expenditures, and for general corporate purposes. Term Loan Credit Facility Agreement On August 1, 2022, we amended the term loan credit facility, which was set to expire on February 21, 2023 , to extend the maturity date to August 1, 2025 , and paid down the borrowings outstanding on the term loan to $ 250 million. The term loan bears interest at either the base rate or the adjusted SOFR, as defined, at our option, plus a spread determined by our debt rating. The amount outstanding on the term loan adjusted for deferred financing fees, net of amortization as of November 30, and May 31, 2022, was $ 249.7 and $ 299.8 million, respectively.

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
Stock Repurchase Program	Nov. 30, 2022
Equity [Abstract]
Stock Repurchase Program	NOTE 10 — STOCK REPURCHASE PROGRAM On January 8, 2008 , we announced our authorization of a stock repurchase program under which we may repurchase shares of RPM International Inc. common stock at management’s discretion. As announced on November 28, 2018, our goal was to return $ 1.0 billion in capital to stockholders by May 31, 2021 through share repurchases and the retirement of our convertible note during fiscal 2019. On April 16, 2019, after taking into account share repurchases under our existing stock repurchase program to date, our Board of Directors authorized the repurchase of the remaining $ 600.0 million in value of RPM International Inc. common stock by May 31, 2021. As previously announced, given macroeconomic uncertainty resulting from the Covid pandemic, we had suspended stock repurchases under the program, but in January 2021, our Board of Directors authorized the resumption of the stock repurchases. At the time of resuming the program, $ 469.7 million of shares of common stock remained available for repurchase. The Board of Directors also extended the stock repurchase program beyond its original May 31, 2021 expiration date until such time that the remaining $ 469.7 million of capital has been returned to our stockholders. As a result, we may repurchase shares from time to time in the open market or in private transactions at various times and in amounts and for prices that our management deems appropriate, subject to insider trading rules and other securities law restrictions. The timing of our purchases will depend upon prevailing market conditions, alternative uses of capital and other factors. We may limit or terminate the repurchase program at any time. During the three months ended November 30, 2022 and 2021, we did no t repurchase any shares of our common stock under this program. During the six months ended November 30, 2022, we repurchased 303,079 shares of our common stock at a cost of approximately $ 25.0 million, or an average of $ 82.49 per share. During the six months ended November 30, 2021, we repurchased 133,388 shares of our common stock at a cost of approximately $ 12.5 million, or an average of $ 93.71 per share. The maximum dollar amount that may yet be repurchased under our stock repurchase program was approximately $ 342.3 million at November 30, 2022.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Nov. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 11 — EARNINGS PER SHARE The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share for the three- and six-month periods ended November 30, 2022 and 2021. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2022 2021 2022 2021 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 131,344 $ 124,875 $ 300,357 $ 259,457 Less: Allocation of earnings and dividends to participating securities ( 676 ) ( 1,103 ) ( 1,466 ) ( 2,198 ) Net income available to common shareholders - basic 130,668 123,772 298,891 257,259 Add: Undistributed earnings reallocated to unvested shareholders - 2 - 6 Reverse: Allocation of earnings and dividends to participating securities 676 - 1,466 - Net income available to common shareholders - diluted $ 131,344 $ 123,774 $ 300,357 $ 257,265 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,585 128,022 127,600 128,058 Average diluted options and awards 1,326 472 1,287 479 Total shares for diluted earnings per share (1) 128,911 128,494 128,887 128,537 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.02 $ 0.97 $ 2.34 $ 2.01 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.02 $ 0.96 $ 2.33 $ 2.00 Method used to calculate diluted earnings per share Treasury Two-class Treasury Two-class (1) For the three months ended November 30, 2022 and 2021, approximately 700,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the six months ended November 30, 2022 and 2021, approximately 720,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Pension Plans

Pension Plans	6 Months Ended
Pension Plans	Nov. 30, 2022
Retirement Benefits [Abstract]
Pension Plans	NOTE 12 — PENSION PLANS We offer defined benefit pension plans, defined contribution pension plans, and various postretirement benefit plans. The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three- and six-month periods ended November 30, 2022 and 2021: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) November 30, November 30, November 30, November 30, Pension Benefits 2022 2021 2022 2021 Service cost $ 10,890 $ 11,914 $ 951 $ 1,348 Interest cost 7,173 3,842 1,728 1,282 Expected return on plan assets ( 9,536 ) ( 10,386 ) ( 1,727 ) ( 2,073 ) Amortization of: Prior service cost (credit) - 1 ( 27 ) ( 38 ) Net actuarial losses recognized 4,487 4,225 125 114 Net Periodic Benefit Cost $ 13,014 $ 9,596 $ 1,050 $ 633 U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) November 30, November 30, November 30, November 30, Postretirement Benefits 2022 2021 2022 2021 Service cost $ - $ - $ 287 $ 432 Interest cost 21 10 368 299 Amortization of: Prior service (credit) ( 30 ) ( 40 ) - - Net actuarial losses (gains) recognized 11 15 ( 14 ) 32 Net Periodic Benefit Cost (Credit) $ 2 $ ( 15 ) $ 641 $ 763 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Pension Benefits 2022 2021 2022 2021 Service cost $ 21,780 $ 23,828 $ 1,902 $ 2,696 Interest cost 14,346 7,684 3,456 2,564 Expected return on plan assets ( 19,072 ) ( 20,772 ) ( 3,454 ) ( 4,146 ) Amortization of: Prior service cost (credit) - 2 ( 54 ) ( 76 ) Net actuarial losses recognized 8,974 8,450 250 228 Net Periodic Benefit Cost $ 26,028 $ 19,192 $ 2,100 $ 1,266 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Postretirement Benefits 2022 2021 2022 2021 Service cost $ - $ - $ 574 $ 864 Interest cost 42 20 736 598 Amortization of: Prior service (credit) ( 60 ) ( 80 ) - - Net actuarial losses (gains) recognized 22 30 ( 28 ) 64 Net Periodic Benefit Cost (Credit) $ 4 $ ( 30 ) $ 1,282 $ 1,526 Due to a reduction in return on plan assets and higher interest costs which are only partially offset by a reduction in service cost due to higher discount rates, net periodic pension cost for fiscal 2023 is higher than our fiscal 2022 expense. We expect that pension expense will fluctuate on a year-to-year basis, depending upon the investment performance of plan assets and potential changes in interest rates, and these fluctuations may have a material impact on our consolidated financial results in the future. We previously disclosed in our financial statements for the fiscal year ended May 31, 2022 that we are required and expect to contribute approximately $ 1.3 million to our retirement plans in the U.S. and approximately $ 4.9 million to plans outside the U.S. during the current fiscal year. Throughout fiscal 2023, we will evaluate whether to make additional contributions.

Contingencies and Accrued Losse

Contingencies and Accrued Losses	6 Months Ended
Contingencies and Accrued Losses	Nov. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Accrued Losses	NOTE 13 — CONTINGENCIES AND ACCRUED LOSSES Product Liability Matters We provide, through our wholly-owned insurance subsidiaries, certain insurance coverage, primarily product liability coverage, to our other subsidiaries. Excess coverage is provided by third-party insurers. Our product liability accruals provide for these potential losses as well as other uninsured claims. Product liability accruals are established based upon actuarial calculations of potential liability using industry experience, actual historical experience and actuarial assumptions developed for similar types of product liability claims, including development factors and lag times. To the extent there is a reasonable possibility that potential losses could exceed the amounts already accrued, we believe that the amount of any such additional loss would be immaterial to our results of operations, liquidity and consolidated financial position. Warranty Matters We also offer warranties on many of our products, as well as long-term warranty programs at certain of our businesses, and have established product warranty liabilities. We review these liabilities for adequacy on a quarterly basis and adjust them as necessary. The primary factors that could affect these liabilities may include changes in performance rates as well as costs of replacement. Provision for estimated warranty costs is recorded at the time of sale and periodically adjusted, as required, to reflect actual experience. It is probable that we will incur future losses related to warranty claims we have received but that have not been fully investigated and related to claims not yet received. While our warranty liabilities represent our best estimates at November 30, 2022, we can provide no assurances that we will not experience material claims in the future or that we will not incur significant costs to resolve such claims beyond the amounts accrued or beyond what we may recover from our suppliers. Based upon the nature of the expense, product warranty expense is recorded as a component of cost of sales or within SG&A. Also, due to the nature of our businesses, the amount of claims paid can fluctuate from one period to the next. While our warranty liabilities represent our best estimates of our expected losses at any given time, from time-to-time we may revise our estimates based on our experience relating to factors such as weather conditions, specific circumstances surrounding product installations and other factors. The following table includes the changes in our accrued warranty balances: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Beginning Balance $ 12,500 $ 13,032 $ 10,905 $ 13,175 Deductions (1) ( 8,160 ) ( 5,424 ) ( 14,504 ) ( 11,682 ) Provision charged to expense 7,169 5,278 15,108 11,393 Ending Balance $ 11,509 $ 12,886 $ 11,509 $ 12,886 (1) Primarily claims paid during the period. Environmental Matters Like other companies participating in similar lines of business, some of our subsidiaries are involved in environmental remediation matters. It is our policy to accrue remediation costs when the liability is probable and the costs are reasonably estimable, which generally is not later than at completion of a feasibility study or when we have committed to an appropriate plan of action. We also take into consideration the estimated period of time over which payments may be required. The liabilities are reviewed periodically and, as investigation and remediation activities continue, adjustments are made as necessary. Liabilities for losses from environmental remediation obligations do not consider the effects of inflation and anticipated expenditures are not discounted to their present value. The liabilities are not offset by possible recoveries from insurance carriers or other third parties, but do reflect anticipated allocations among potentially responsible parties at federal superfund sites or similar state-managed sites, third-party indemnity obligations, and an assessment of the likelihood that such parties will fulfill their obligations at such sites. Other Contingencies One of our subsidiaries has been the subject of a proceeding in which one of its former distributors brought suit against our subsidiary for breach of contract. Following a June 2017 trial, a jury determined that the distributor was not entitled to any damages on the distributor’s claims against our subsidiary. On appeal, the Ninth Circuit Court of Appeals ordered a new trial with respect to certain issues. On December 10, 2021, a new jury awarded $ 6.0 million in damages to the distributor. Per the parties’ contracts, the distributor may also be entitled to recover some portion of its attorneys’ fees from our subsidiary. The distributor timely filed an appeal of the new jury's verdict, and our subsidiary timely filed a cross-appeal. The appeal action remains pending before the Ninth Circuit Court of Appeals. As a result of the jury’s award and in consideration of our subsidiary’s appeal, we accrued $ 2.6 million for this matter in the second quarter of fiscal 2022, which we believe to be the low end of the range of loss. While an ultimate loss in excess of the accrued amount is reasonably possible, we believe that the high end of the range of loss would not be materially more than the $ 6.0 million noted above.

Revenue

Revenue	6 Months Ended
Revenue	Nov. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 14 — REVENUE We operate a portfolio of businesses that manufacture and sell a variety of product lines that include specialty paints, protective coatings, roofing systems, sealants and adhesives, among other things. We disaggregate revenues from the sales of our products and services based upon geographical location by each of our reportable segments, which are aligned by similar economic factors, trends and customers, which best depict the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. See Note 15, “Segment Information,” to the Consolidated Financial Statements for further details regarding our disaggregated revenues, as well as a description of each of the unique revenue streams related to each of our four reportable segments. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. The majority of our revenue is recognized at a point in time. However, we also record revenues generated under construction contracts, mainly in connection with the installation of specialized roofing and flooring systems and related services. For certain polymer flooring installation projects, we account for our revenue using the output method, as we consider square footage of completed flooring to be the best measure of progress toward the complete satisfaction of the performance obligation. In contrast, for certain of our roofing installation projects, we account for our revenue using the input method, as that method was the best measure of performance as it considers costs incurred in relation to total expected project costs, which essentially represents the transfer of control for roofing systems to the customer. In general, for our construction contracts, we record contract revenues and related costs as our contracts progress on an over-time model. We have elected to apply the practical expedient to recognize revenue net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities. Payment terms and conditions vary by contract type, although our customers’ payment terms generally include a requirement to pay within 30 to 60 days of fulfilling our performance obligations . In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts generally do not include a significant financing component. We have elected to apply the practical expedient to treat all shipping and handling costs as fulfillment costs, as a significant portion of these costs are incurred prior to control transfer. Significant Judgments Our contracts with customers may include promises to transfer multiple products and/or services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. For example, judgment is required to determine whether products sold in connection with the sale of installation services are considered distinct and accounted for separately, or not distinct and accounted for together with installation services and recognized over time. We provide customer rebate programs and incentive offerings, including special pricing and co-operative advertising arrangements, promotions and other volume-based incentives. These customer programs and incentives are considered variable consideration and recognized as a reduction of net sales. Up-front consideration provided to customers is capitalized as a component of other assets and amortized over the estimated life of the contractual arrangement. We include in revenue variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the variable consideration is resolved. In general, this determination is made based upon known customer program and incentive offerings at the time of sale, and expected sales volume forecasts as it relates to our volume-based incentives. This determination is updated each reporting period. Certain of our contracts include contingent consideration that is receivable only upon the final inspection and acceptance of a project. We include estimates of such variable consideration in our transaction price. Based on historical experience, we consider the probability-based expected value method appropriate to estimate the amount of such variable consideration. Our products are generally sold with a right of return and we may provide other credits or incentives, which are accounted for as variable consideration when estimating the amount of revenue to recognize. Returns and credits are estimated at contract inception and updated at the end of each reporting period as additional information becomes available. We record a right of return liability to accrue for expected customer returns. Historical actual returns are used to estimate future returns as a percentage of current sales. Obligations for returns and refunds were not material individually or in the aggregate. We offer assurance type warranties on our products as well as separately sold warranty contracts. Revenue related to warranty contracts that are sold separately is recognized over the life of the warranty term. Warranty liabilities for our assurance type warranties are discussed further in Note 13, “Contingencies and Accrued Losses,” to the Consolidated Financial Statements. Contract Balances Timing of revenue recognition may differ from the timing of invoicing customers. Our contract assets are recorded for products and services that have been provided to our customer but have not yet been billed and are included in prepaid expenses and other current assets in our consolidated balance sheets. Our short-term contract liabilities consist of advance payments, or deferred revenue, and are included in other accrued liabilities in our consolidated balance sheets. Trade accounts receivable, net of allowances, and net contract assets consisted of the following: (In thousands, except percentages) November 30, 2022 May 31, 2022 $ Change % Change Trade accounts receivable, less allowances $ 1,340,127 $ 1,432,632 $ ( 92,505 ) - 6.5 % Contract assets $ 82,000 $ 57,234 $ 24,766 43.3 % Contract liabilities - short-term ( 51,921 ) ( 44,938 ) ( 6,983 ) 15.5 % Net Contract Assets $ 30,079 $ 12,296 $ 17,783 The $ 17.8 million increase in our net contract assets from May 31, 2022 to November 30, 2022, resulted primarily due to the timing of construction jobs in progress at November 30, 2022 versus May 31, 2022. We also record long-term deferred revenue, which amounted to $ 59.9 million and $ 62.5 million as of November 30, 2022 and May 31, 2022, respectively. The long-term portion of deferred revenue is related to warranty contracts and is included in other long-term liabilities in our consolidated balance sheets. We have elected to adopt the practical expedient to not disclose the aggregate amount of transaction price allocated to performance obligations that are unsatisfied as of the end of the reporting period for performance obligations that are part of a contract with an original expected duration of one year or less. We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. As our contract terms are primarily one year or less in duration, we have elected to apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. These costs include our internal sales force compensation program and certain incentive programs as we have determined annual compensation is commensurate with annual sales activities. Allowance for Credit Losses Our primary allowance for credit losses is the allowance for doubtful accounts. The allowance for doubtful accounts reduces the trade accounts receivable balance to the estimated net realizable value equal to the amount that is expected to be collected. The allowance was based on assessments of current creditworthiness of customers, historical collection experience, the aging of receivables and other currently available evidence. Trade accounts receivable balances are written-off against the allowance if a final determination of uncollectibility is made. All provisions for allowances for doubtful collection of accounts are included in selling, general and administrative expenses. The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2022 and 2021: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Beginning Balance $ 46,775 $ 52,181 $ 46,669 $ 55,922 Bad debt provision 5,116 869 7,523 2,074 Uncollectible accounts written off, net of recoveries ( 4,238 ) ( 812 ) ( 4,905 ) ( 4,899 ) Translation adjustments 388 ( 1,306 ) ( 1,246 ) ( 2,165 ) Ending Balance $ 48,041 $ 50,932 $ 48,041 $ 50,932

Segment Information

Segment Information	6 Months Ended
Segment Information	Nov. 30, 2022
Segment Reporting [Abstract]
Segment Information	NOTE 15 — SEGMENT INFORMATION We operate a portfolio of businesses and product lines that manufacture and sell a variety of specialty paints, protective coatings, roofing systems, flooring solutions, sealants, cleaners and adhesives. We manage our portfolio by organizing our businesses and product lines into four reportable segments as outlined below, which also represent our operating segments. Within each operating segment, we manage product lines and businesses which generally address common markets, share similar economic characteristics, utilize similar technologies and can share manufacturing or distribution capabilities. Our four operating segments represent components of our business for which separate financial information is available that is utilized on a regular basis by our chief operating decision maker in determining how to allocate the assets of the company and evaluate performance. These four operating segments are each managed by an operating segment manager, who is responsible for the day-to-day operating decisions and performance evaluation of the operating segment’s underlying businesses. We evaluate the profit performance of our segments primarily based on income before income taxes, but also look to earnings (loss) before interest and taxes (“EBIT”), as a performance evaluation measure because interest (income) expense, net is essentially related to corporate functions, as opposed to segment operations. Our CPG reportable segment products are sold throughout North America and also account for the majority of our international sales. Our construction product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. Products and services within this reportable segment include construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, building envelope solutions, insulated cladding, flooring systems, and weatherproofing solutions. Our PCG reportable segment products are sold throughout North America, as well as internationally, and are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. Products and services within this reportable segment include high-performance flooring solutions, corrosion control and fireproofing coatings, infrastructure repair systems, fiberglass reinforced plastic gratings and drainage systems. Our Consumer reportable segment manufactures and markets professional use and do-it-yourself (“DIY”) products for a variety of mainly consumer applications, including home improvement and personal leisure activities. Our Consumer reportable segment’s major manufacturing and distribution operations are located primarily in North America, along with a few locations in Europe and other parts of the world. Our Consumer reportable segment products are primarily sold directly to mass merchandisers, home improvement centers, hardware stores, paint stores, craft shops and through distributors. The Consumer reportable segment offers products that include specialty, hobby and professional paints; caulks; adhesives; cleaners; sandpaper and other abrasives; silicone sealants and wood stains. Our SPG reportable segment products are sold throughout North America and a few international locations, primarily in Europe. Our specialty product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. The SPG reportable segment offers products that include industrial cleaners, restoration services equipment, colorants, nail enamels, exterior finishes, edible coatings and specialty glazes for pharmaceutical and food industries, and other specialty original equipment manufacturer (“OEM”) coatings. In addition to our four reportable segments, there is a category of certain business activities and expenses, referred to as corporate/other, that does not constitute an operating segment. This category includes our corporate headquarters and related administrative expenses, results of our captive insurance companies, gains or losses on the sales of certain assets and other expenses not directly associated with any reportable segment. Assets related to the corporate/other category consist primarily of investments, prepaid expenses and headquarters’ property and equipment. These corporate and other assets and expenses reconcile reportable segment data to total consolidated income before income taxes and identifiable assets. We reflect income from our joint ventures on the equity method and receive royalties from our licensees. The following tables present a disaggregation of revenues by geography, and the results of our reportable segments consistent with our management philosophy, by representing the information we utilize, in conjunction with various strategic, operational and other financial performance criteria, in evaluating the performance of our portfolio of businesses. Three Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 379,722 $ 214,738 $ 504,108 $ 179,160 $ 1,277,728 Foreign Canada 65,344 22,311 44,832 1,061 133,548 Europe 115,785 57,012 49,507 20,033 242,337 Latin America 51,592 10,640 7,365 334 69,931 Asia Pacific 21,671 6,387 4,547 11,496 44,101 Other Foreign - 24,063 - - 24,063 Total Foreign 254,392 120,413 106,251 32,924 513,980 Total $ 634,114 $ 335,151 $ 610,359 $ 212,084 $ 1,791,708 Three Months Ended November 30, 2021 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 342,282 $ 187,838 $ 431,450 $ 153,188 $ 1,114,758 Foreign Canada 68,901 18,684 30,340 2,091 120,016 Europe 132,575 60,958 55,070 25,991 274,594 Latin America 49,486 6,846 7,911 545 64,788 Asia Pacific 20,951 5,488 4,426 11,809 42,674 Other Foreign ( 5 ) 22,713 - - 22,708 Total Foreign 271,908 114,689 97,747 40,436 524,780 Total $ 614,190 $ 302,527 $ 529,197 $ 193,624 $ 1,639,538 Six Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 843,130 $ 438,408 $ 1,054,727 $ 352,023 $ 2,688,288 Foreign Canada 135,482 44,973 89,082 2,047 271,584 Europe 232,980 113,720 103,125 42,158 491,983 Latin America 107,264 20,122 13,551 740 141,677 Asia Pacific 44,955 12,156 9,366 17,813 84,290 Other Foreign - 46,206 - - 46,206 Total Foreign 520,681 237,177 215,124 62,758 1,035,740 Total $ 1,363,811 $ 675,585 $ 1,269,851 $ 414,781 $ 3,724,028 Six Months Ended November 30, 2021 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 714,595 $ 364,032 $ 863,849 $ 302,599 $ 2,245,075 Foreign Canada 145,461 37,135 64,282 4,231 251,109 Europe 262,993 118,793 115,337 50,326 547,449 Latin America 96,908 13,237 15,228 1,039 126,412 Asia Pacific 38,555 12,149 8,910 17,484 77,098 Other Foreign 40 42,776 - - 42,816 Total Foreign 543,957 224,090 203,757 73,080 1,044,884 Total $ 1,258,552 $ 588,122 $ 1,067,606 $ 375,679 $ 3,289,959 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2022 2021 2022 2021 CPG Segment $ 75,453 $ 130,368 $ 184,655 $ 244,725 PCG Segment 45,294 37,854 92,248 72,932 Consumer Segment 93,873 33,104 210,562 79,019 SPG Segment 27,431 20,591 55,316 45,147 Corporate/Other ( 66,916 ) ( 58,763 ) ( 142,525 ) ( 97,198 ) Consolidated $ 175,135 $ 163,154 $ 400,256 $ 344,625 (In thousands) November 30, May 31, Identifiable Assets 2022 2022 CPG Segment $ 2,259,215 $ 2,160,071 PCG Segment 1,169,734 1,115,780 Consumer Segment 2,435,306 2,405,764 SPG Segment 863,803 839,419 Corporate/Other 121,455 186,672 Consolidated $ 6,849,513 $ 6,707,706

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
New Accounting Pronouncements (Policies)	Nov. 30, 2022
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	NEW ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements The Company has not adopted any Accounting Standard Updates (“ASU”) during fiscal 2023 that have a material impact on our Consolidated Financial Statements. Additionally, there are no current ASU's issued, but not adopted, that are expected to have a material impact on the Company.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Nov. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis and Categorized using Fair Value Hierarchy	The following tables present our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. (In thousands) Quoted Prices Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 24,742 $ - $ 24,742 Corporate bonds - 141 - 141 Total available-for-sale debt securities - 24,883 - 24,883 Marketable equity securities: Stocks - foreign 645 - - 645 Stocks - domestic 4,967 - - 4,967 Mutual funds - foreign - 38,581 - 38,581 Mutual funds - domestic - 74,524 - 74,524 Total marketable equity securities 5,612 113,105 - 118,717 Contingent consideration - - ( 2,261 ) ( 2,261 ) Total $ 5,612 $ 137,988 $ ( 2,261 ) $ 141,339 (In thousands) Quoted Prices Assets Significant Significant Fair Value at Available-for-sale debt securities: U.S. Treasury and other government $ - $ 25,239 $ - $ 25,239 Corporate bonds - 155 - 155 Total available-for-sale debt securities - 25,394 - 25,394 Marketable equity securities: Stocks - foreign 598 - - 598 Stocks - domestic 5,085 - - 5,085 Mutual funds - foreign - 39,139 - 39,139 Mutual funds - domestic - 74,227 - 74,227 Total marketable equity securities 5,683 113,366 - 119,049 Contingent consideration - - ( 10,529 ) ( 10,529 ) Total $ 5,683 $ 138,760 $ ( 10,529 ) $ 133,914
Fair Value and Carrying Value of Cash and Cash Equivalents and Long-Term Debt	Based on the analysis performed, the fair value and the carrying value of our cash and cash equivalents and long-term debt as of November 30, 2022 and May 31, 2022 are as follows: At November 30, 2022 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 232,118 $ 232,118 Long-term debt, including current portion 2,844,779 2,644,932 At May 31, 2022 (In thousands) Carrying Value Fair Value Cash and cash equivalents $ 201,672 $ 201,672 Long-term debt, including current portion 2,686,609 2,618,978

Investment (Income) Expense, _2

Investment (Income) Expense, Net (Tables)	6 Months Ended
Investment (Income) Expense, Net (Tables)	Nov. 30, 2022
Other Income and Expenses [Abstract]
Investment (Income) Expense, Net	Investment (income) expense, net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Interest (income) $ ( 2,389 ) $ ( 993 ) $ ( 4,539 ) $ ( 2,146 ) Net (gain) loss on marketable securities ( 3,794 ) 5,293 2,812 1,817 Dividend (income) ( 668 ) ( 1,484 ) ( 1,460 ) ( 2,605 ) Investment (income) expense, net $ ( 6,851 ) $ 2,816 $ ( 3,187 ) $ ( 2,934 )
Net (Gain) Loss on Marketable Securities	Net (Gain) Loss on Marketable Securities Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Unrealized (gains) losses on marketable equity securities $ ( 3,754 ) $ 5,542 $ 2,759 $ 2,324 Realized (gains) losses on marketable equity securities ( 40 ) ( 255 ) 89 ( 524 ) Realized losses (gains) on available-for-sale debt securities - 6 ( 36 ) 17 Net (gain) loss on marketable securities $ ( 3,794 ) $ 5,293 $ 2,812 $ 1,817

Other Expense (Income), Net (Ta

Other Expense (Income), Net (Tables)	6 Months Ended
Other Expense (Income), Net (Tables)	Nov. 30, 2022
Other Income and Expenses [Abstract]
Other Expense (Income), Net	Other expense (income), net, consists of the following components: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Pension non-service costs (credits) 2,486 $ ( 2,646 ) $ 5,002 $ ( 5,369 ) Other ( 176 ) ( 274 ) ( 276 ) ( 890 ) Other expense (income), net $ 2,310 $ ( 2,920 ) $ 4,726 $ ( 6,259 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Nov. 30, 2022
Inventory Disclosure [Abstract]
Major Classes of Inventories, Net of Reserves	Inventories, net of reserves, were composed of the following major classes: (In thousands) November 30, 2022 May 31, 2022 Raw material and supplies $ 578,260 $ 560,886 Finished goods 811,331 651,732 Total Inventory, Net of Reserves $ 1,389,591 $ 1,212,618

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Nov. 30, 2022
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share	The following table sets forth the reconciliation of the numerator and denominator of basic and diluted earnings per share for the three- and six-month periods ended November 30, 2022 and 2021. Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands, except per share amounts) 2022 2021 2022 2021 Numerator for earnings per share: Net income attributable to RPM International Inc. stockholders $ 131,344 $ 124,875 $ 300,357 $ 259,457 Less: Allocation of earnings and dividends to participating securities ( 676 ) ( 1,103 ) ( 1,466 ) ( 2,198 ) Net income available to common shareholders - basic 130,668 123,772 298,891 257,259 Add: Undistributed earnings reallocated to unvested shareholders - 2 - 6 Reverse: Allocation of earnings and dividends to participating securities 676 - 1,466 - Net income available to common shareholders - diluted $ 131,344 $ 123,774 $ 300,357 $ 257,265 Denominator for basic and diluted earnings per share: Basic weighted average common shares 127,585 128,022 127,600 128,058 Average diluted options and awards 1,326 472 1,287 479 Total shares for diluted earnings per share (1) 128,911 128,494 128,887 128,537 Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders: Basic Earnings Per Share of Common Stock $ 1.02 $ 0.97 $ 2.34 $ 2.01 Method used to calculate basic earnings per share Two-class Two-class Two-class Two-class Diluted Earnings Per Share of Common Stock $ 1.02 $ 0.96 $ 2.33 $ 2.00 Method used to calculate diluted earnings per share Treasury Two-class Treasury Two-class (1) For the three months ended November 30, 2022 and 2021, approximately 700,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the six months ended November 30, 2022 and 2021, approximately 720,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Pension Plans (Tables)

Pension Plans (Tables)	6 Months Ended
Pension Plans (Tables)	Nov. 30, 2022
Retirement Benefits [Abstract]
Retirement-Related Benefit Plans' Impact on Income Before Income Taxes	The following tables provide the retirement-related benefit plans’ impact on income before income taxes for the three- and six-month periods ended November 30, 2022 and 2021: U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) November 30, November 30, November 30, November 30, Pension Benefits 2022 2021 2022 2021 Service cost $ 10,890 $ 11,914 $ 951 $ 1,348 Interest cost 7,173 3,842 1,728 1,282 Expected return on plan assets ( 9,536 ) ( 10,386 ) ( 1,727 ) ( 2,073 ) Amortization of: Prior service cost (credit) - 1 ( 27 ) ( 38 ) Net actuarial losses recognized 4,487 4,225 125 114 Net Periodic Benefit Cost $ 13,014 $ 9,596 $ 1,050 $ 633 U.S. Plans Non-U.S. Plans Three Months Ended Three Months Ended (In thousands) November 30, November 30, November 30, November 30, Postretirement Benefits 2022 2021 2022 2021 Service cost $ - $ - $ 287 $ 432 Interest cost 21 10 368 299 Amortization of: Prior service (credit) ( 30 ) ( 40 ) - - Net actuarial losses (gains) recognized 11 15 ( 14 ) 32 Net Periodic Benefit Cost (Credit) $ 2 $ ( 15 ) $ 641 $ 763 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Pension Benefits 2022 2021 2022 2021 Service cost $ 21,780 $ 23,828 $ 1,902 $ 2,696 Interest cost 14,346 7,684 3,456 2,564 Expected return on plan assets ( 19,072 ) ( 20,772 ) ( 3,454 ) ( 4,146 ) Amortization of: Prior service cost (credit) - 2 ( 54 ) ( 76 ) Net actuarial losses recognized 8,974 8,450 250 228 Net Periodic Benefit Cost $ 26,028 $ 19,192 $ 2,100 $ 1,266 U.S. Plans Non-U.S. Plans Six Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Postretirement Benefits 2022 2021 2022 2021 Service cost $ - $ - $ 574 $ 864 Interest cost 42 20 736 598 Amortization of: Prior service (credit) ( 60 ) ( 80 ) - - Net actuarial losses (gains) recognized 22 30 ( 28 ) 64 Net Periodic Benefit Cost (Credit) $ 4 $ ( 30 ) $ 1,282 $ 1,526

Contingencies and Accrued Los_2

Contingencies and Accrued Losses (Tables)	6 Months Ended
Contingencies and Accrued Losses (Tables)	Nov. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Changes in Accrued Warranty Balances	The following table includes the changes in our accrued warranty balances: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Beginning Balance $ 12,500 $ 13,032 $ 10,905 $ 13,175 Deductions (1) ( 8,160 ) ( 5,424 ) ( 14,504 ) ( 11,682 ) Provision charged to expense 7,169 5,278 15,108 11,393 Ending Balance $ 11,509 $ 12,886 $ 11,509 $ 12,886 (1) Primarily claims paid during the period.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
Revenue (Tables)	Nov. 30, 2022
Revenue from Contract with Customer [Abstract]
Trade Accounts Receivable Net of Allowances and Net Contract Assets	Trade accounts receivable, net of allowances, and net contract assets consisted of the following: (In thousands, except percentages) November 30, 2022 May 31, 2022 $ Change % Change Trade accounts receivable, less allowances $ 1,340,127 $ 1,432,632 $ ( 92,505 ) - 6.5 % Contract assets $ 82,000 $ 57,234 $ 24,766 43.3 % Contract liabilities - short-term ( 51,921 ) ( 44,938 ) ( 6,983 ) 15.5 % Net Contract Assets $ 30,079 $ 12,296 $ 17,783 The $ 17.8 million increase in our net contract assets from May 31, 2022 to November 30, 2022, resulted primarily due to the timing of construction jobs in progress at November 30, 2022 versus May 31, 2022.
Summary of Activity for Allowance for Credit Losses	The following tables summarize the activity for the allowance for credit losses for the three and six months ended November 30, 2022 and 2021: Three Months Ended Six Months Ended November 30, November 30, November 30, November 30, (In thousands) 2022 2021 2022 2021 Beginning Balance $ 46,775 $ 52,181 $ 46,669 $ 55,922 Bad debt provision 5,116 869 7,523 2,074 Uncollectible accounts written off, net of recoveries ( 4,238 ) ( 812 ) ( 4,905 ) ( 4,899 ) Translation adjustments 388 ( 1,306 ) ( 1,246 ) ( 2,165 ) Ending Balance $ 48,041 $ 50,932 $ 48,041 $ 50,932

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Nov. 30, 2022
Segment Reporting [Abstract]
Summary of Disaggregation of Revenues by Geography and Results of Reportable Segments	The following tables present a disaggregation of revenues by geography, and the results of our reportable segments consistent with our management philosophy, by representing the information we utilize, in conjunction with various strategic, operational and other financial performance criteria, in evaluating the performance of our portfolio of businesses. Three Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 379,722 $ 214,738 $ 504,108 $ 179,160 $ 1,277,728 Foreign Canada 65,344 22,311 44,832 1,061 133,548 Europe 115,785 57,012 49,507 20,033 242,337 Latin America 51,592 10,640 7,365 334 69,931 Asia Pacific 21,671 6,387 4,547 11,496 44,101 Other Foreign - 24,063 - - 24,063 Total Foreign 254,392 120,413 106,251 32,924 513,980 Total $ 634,114 $ 335,151 $ 610,359 $ 212,084 $ 1,791,708 Three Months Ended November 30, 2021 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 342,282 $ 187,838 $ 431,450 $ 153,188 $ 1,114,758 Foreign Canada 68,901 18,684 30,340 2,091 120,016 Europe 132,575 60,958 55,070 25,991 274,594 Latin America 49,486 6,846 7,911 545 64,788 Asia Pacific 20,951 5,488 4,426 11,809 42,674 Other Foreign ( 5 ) 22,713 - - 22,708 Total Foreign 271,908 114,689 97,747 40,436 524,780 Total $ 614,190 $ 302,527 $ 529,197 $ 193,624 $ 1,639,538 Six Months Ended November 30, 2022 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 843,130 $ 438,408 $ 1,054,727 $ 352,023 $ 2,688,288 Foreign Canada 135,482 44,973 89,082 2,047 271,584 Europe 232,980 113,720 103,125 42,158 491,983 Latin America 107,264 20,122 13,551 740 141,677 Asia Pacific 44,955 12,156 9,366 17,813 84,290 Other Foreign - 46,206 - - 46,206 Total Foreign 520,681 237,177 215,124 62,758 1,035,740 Total $ 1,363,811 $ 675,585 $ 1,269,851 $ 414,781 $ 3,724,028 Six Months Ended November 30, 2021 CPG PCG Consumer SPG Consolidated (In thousands) Net Sales (based on shipping location) United States $ 714,595 $ 364,032 $ 863,849 $ 302,599 $ 2,245,075 Foreign Canada 145,461 37,135 64,282 4,231 251,109 Europe 262,993 118,793 115,337 50,326 547,449 Latin America 96,908 13,237 15,228 1,039 126,412 Asia Pacific 38,555 12,149 8,910 17,484 77,098 Other Foreign 40 42,776 - - 42,816 Total Foreign 543,957 224,090 203,757 73,080 1,044,884 Total $ 1,258,552 $ 588,122 $ 1,067,606 $ 375,679 $ 3,289,959 Three Months Ended Six Months Ended (In thousands) November 30, November 30, November 30, November 30, Income (Loss) Before Income Taxes 2022 2021 2022 2021 CPG Segment $ 75,453 $ 130,368 $ 184,655 $ 244,725 PCG Segment 45,294 37,854 92,248 72,932 Consumer Segment 93,873 33,104 210,562 79,019 SPG Segment 27,431 20,591 55,316 45,147 Corporate/Other ( 66,916 ) ( 58,763 ) ( 142,525 ) ( 97,198 ) Consolidated $ 175,135 $ 163,154 $ 400,256 $ 344,625 (In thousands) November 30, May 31, Identifiable Assets 2022 2022 CPG Segment $ 2,259,215 $ 2,160,071 PCG Segment 1,169,734 1,115,780 Consumer Segment 2,435,306 2,405,764 SPG Segment 863,803 839,419 Corporate/Other 121,455 186,672 Consolidated $ 6,849,513 $ 6,707,706

Consolidation, Noncontrolling_2

Consolidation, Noncontrolling Interests and Basis of Presentation - Additional Information (Detail)	Nov. 30, 2022
Accounting Policies [Abstract]
Percentage of controlled subsidiary's earnings	100%

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - MAP to Growth - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Restructuring Cost And Reserve [Line Items]
Current total expected costs	$ 121.3		$ 121.3
Restructuring costs	1.2	$ 3	2.6	$ 4
Restructuring and related cost incurred to date	$ 119.9		$ 119.9

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis and Categorized using Fair Value Hierarchy (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	$ 24,883	$ 25,394
Total marketable equity securities	118,717	119,049
Assets (liabilities) at fair value	141,339	133,914
U.S. Treasury and other government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	24,742	25,239
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	141	155
Stocks \| Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	645	598
Stocks \| Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	4,967	5,085
Mutual funds \| Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	38,581	39,139
Mutual funds \| Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	74,524	74,227
Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	(2,261)	(10,529)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	5,612	5,683
Assets (liabilities) at fair value	5,612	5,683
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Stocks \| Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	645	598
Quoted Prices in Active Markets for Identical Assets (Level 1) \| Stocks \| Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	4,967	5,085
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	24,883	25,394
Total marketable equity securities	113,105	113,366
Assets (liabilities) at fair value	137,988	138,760
Significant Other Observable Inputs (Level 2) \| U.S. Treasury and other government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	24,742	25,239
Significant Other Observable Inputs (Level 2) \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale securities	141	155
Significant Other Observable Inputs (Level 2) \| Mutual funds \| Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	38,581	39,139
Significant Other Observable Inputs (Level 2) \| Mutual funds \| Domestic
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total marketable equity securities	74,524	74,227
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets (liabilities) at fair value	(2,261)	(10,529)
Significant Unobservable Inputs (Level 3) \| Contingent consideration liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ (2,261)	$ (10,529)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Fair Value Disclosures [Abstract]
Settlements of contingent consideration obligations	$ 10.3	$ 5.7
Increase in accrual related to fair value adjustments	$ 2.1	$ 2.5

Fair Value and Carrying Value o

Fair Value and Carrying Value of Cash and Cash Equivalents and Long-Term Debt (Detail) - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 232,118	$ 201,672
Long-term debt, including current portion	2,844,779	2,686,609
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	232,118	201,672
Long-term debt, including current portion	$ 2,644,932	$ 2,618,978

Investment (Income) Expense, _3

Investment (Income) Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Investment Income, Net [Abstract]
Interest (income)	$ (2,389)	$ (993)	$ (4,539)	$ (2,146)
Net (gain) loss on marketable securities	(3,794)	5,293	2,812	1,817
Dividend (income)	(668)	(1,484)	(1,460)	(2,605)
Investment (income) expense, net	$ (6,851)	$ 2,816	$ (3,187)	$ (2,934)

Net (Gain) Loss on Marketable S

Net (Gain) Loss on Marketable Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Net (Gain) Loss on Marketable Securities
Unrealized (gains) losses on marketable equity securities	$ (3,754)	$ 5,542	$ 2,759	$ 2,324
Realized (gains) losses on marketable equity securities	(40)	(255)	89	(524)
Realized losses (gains) on available-for-sale debt securities		6	(36)	17
Net (gain) loss on marketable securities	$ (3,794)	$ 5,293	$ 2,812	$ 1,817

(Gain) on Sales of Assets, Net

(Gain) on Sales of Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Nov. 30, 2021	Nov. 30, 2021	Nov. 30, 2022	May 31, 2022
Sale Leaseback Transaction [Line Items]
Net gain sales of assets	$ 42,124	$ 42,242
Operating lease, ROU assets			$ 295,384	$ 307,797

Other Expense (Income), Net (De

Other Expense (Income), Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Other Income and Expenses [Abstract]
Pension non-service costs (credits)	$ 2,486	$ (2,646)	$ 5,002	$ (5,369)
Other	(176)	(274)	(276)	(890)
Other expense (income), net	$ 2,310	$ (2,920)	$ 4,726	$ (6,259)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
Income Taxes - Additional Information (Detail) - USD ($)	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax expense rate	24.90%	23.30%	24.80%	24.60%
Corporate income tax rate	21%	21%	21%	21%
Deferred income tax liability	$ 700,000		$ 700,000
Unremitted foreign earnings	200,900,000		200,900,000
Provision for deferred income taxes	$ 0		$ 0

Major Classes of Inventories, N

Major Classes of Inventories, Net of Reserves (Detail) - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Inventory Disclosure [Abstract]
Raw material and supplies	$ 578,260	$ 560,886
Finished goods	811,331	651,732
Total Inventory, Net of Reserves	$ 1,389,591	$ 1,212,618

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($) $ in Millions					3 Months Ended
	Nov. 15, 2022	Aug. 01, 2022	Feb. 21, 2020	Nov. 30, 2018	Aug. 31, 2022	Nov. 30, 2022	May 31, 2022
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility borrowing maximum capacity				$ 1,300	$ 1,350
Credit facility expiration date				Oct. 31, 2023	Aug. 01, 2027
Amount outstanding on credit facility						$ 699	$ 442.2
3.450% Notes due 2022
Debt Instrument [Line Items]
Repayment of aggregate principal amount outstanding	$ 300
Debt, Interest Rate	3.45%
Term Loan
Debt Instrument [Line Items]
Maturity date		Aug. 01, 2025	Feb. 21, 2023
Amount outstanding on credit facility		$ 250				$ 249.7	$ 299.8

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended				6 Months Ended
	Jan. 31, 2021	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2021	Aug. 31, 2021	Nov. 30, 2022	Nov. 30, 2021	May 31, 2021
Stock Repurchase Programs [Line Items]
Authorization of stock repurchase program						Jan. 08, 2008
Capital to be returned to stockholders through share repurchases								$ 1,000,000
Stock repurchase program, remaining authorized repurchase, value	$ 469,700	$ 342,300				$ 342,300		$ 600,000
Stock repurchase program expiration date	May 31, 2021
Shares repurchased		0		0		303,079	133,388
Shares repurchased, value			$ 25,000		$ 12,500	$ 25,000	$ 12,500
Repurchase of common stock price per shares						$ 82.49	$ 93.71

Reconciliation of Numerator and

Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Numerator for earnings per share:
Net income attributable to RPM International Inc. stockholders		$ 131,344	$ 124,875	$ 300,357	$ 259,457
Less: Allocation of earnings and dividends to participating securities		(676)	(1,103)	(1,466)	(2,198)
Net income available to common shareholders - basic		130,668	123,772	298,891	257,259
Add: Undistributed earnings reallocated to unvested shareholders			2		6
Reverse: Allocation of earnings and dividends to participating securities		676		1,466
Net income available to common shareholders - diluted		$ 131,344	$ 123,774	$ 300,357	$ 257,265
Denominator for basic and diluted earnings per share:
Basic weighted average common shares		127,585	128,022	127,600	128,058
Average diluted options and awards		1,326	472	1,287	479
Total shares for diluted earnings per share	[1]	128,911	128,494	128,887	128,537
Earnings Per Share of Common Stock Attributable to RPM International Inc. Stockholders:
Basic Earnings Per Share of Common Stock		$ 1.02	$ 0.97	$ 2.34	$ 2.01
Method used to calculate basic earnings per share		Two-class	Two-class	Two-class	Two-class
Diluted Earnings Per Share of Common Stock		$ 1.02	$ 0.96	$ 2.33	$ 2
Method used to calculate diluted earnings per share		Treasury	Two-class	Treasury	Two-class

[1] For the three months ended November 30, 2022 and 2021, approximately 700,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the six months ended November 30, 2022 and 2021, approximately 720,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

Reconciliation of Numerator a_2

Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Stock-Based Compensation Plans
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	700,000	660,000	720,000	660,000

Retirement-Related Benefit Plan

Retirement-Related Benefit Plans' Impact on Income Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Pension Benefits \| U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 10,890	$ 11,914	$ 21,780	$ 23,828
Interest cost	7,173	3,842	14,346	7,684
Expected return on plan assets	(9,536)	(10,386)	(19,072)	(20,772)
Prior service cost (credit)		1		2
Net actuarial losses recognized	4,487	4,225	8,974	8,450
Net Periodic Benefit (Credit) Cost	13,014	9,596	26,028	19,192
Pension Benefits \| Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	951	1,348	1,902	2,696
Interest cost	1,728	1,282	3,456	2,564
Expected return on plan assets	(1,727)	(2,073)	(3,454)	(4,146)
Prior service cost (credit)	(27)	(38)	(54)	(76)
Net actuarial losses recognized	125	114	250	228
Net Periodic Benefit (Credit) Cost	1,050	633	2,100	1,266
Postretirement Benefits \| U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	21	10	42	20
Prior service cost (credit)	(30)	(40)	(60)	(80)
Net actuarial losses recognized	11	15	22	30
Net Periodic Benefit (Credit) Cost	2	(15)	4	(30)
Postretirement Benefits \| Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	287	432	574	864
Interest cost	368	299	736	598
Net actuarial losses recognized	(14)	32	(28)	64
Net Periodic Benefit (Credit) Cost	$ 641	$ 763	$ 1,282	$ 1,526

Pension Plans - Additional Info

Pension Plans - Additional Information (Detail) - Pension Benefits $ in Millions	May 31, 2022 USD ($)
U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Total expected contributions to pension plans	$ 1.3
Non-U.S. Plans
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Total expected contributions to pension plans	$ 4.9

Changes in Accrued Warranty Bal

Changes in Accrued Warranty Balances (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Beginning Balance		$ 12,500	$ 13,032	$ 10,905	$ 13,175
Deductions	[1]	(8,160)	(5,424)	(14,504)	(11,682)
Provision charged to expense		7,169	5,278	15,108	11,393
Ending Balance		$ 11,509	$ 12,886	$ 11,509	$ 12,886

[1] Primarily claims paid during the period.

Contingencies and Accrued Los_3

Contingencies and Accrued Losses - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 10, 2021	Nov. 30, 2022	May 31, 2022	Nov. 30, 2021
Loss Contingencies [Line Items]
New jury awarded damages value to distributor	$ 6,000
Accrued losses		$ 25,795	$ 24,508
Maximum range of reasonably possible loss		$ 6,000
Subsidiary Potential Arguments On Appeal
Loss Contingencies [Line Items]
Accrued losses				$ 2,600

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Thousands	6 Months Ended
Revenue - Additional Information (Detail) $ in Thousands	Nov. 30, 2022 USD ($) Segment	May 31, 2022 USD ($)
Disaggregation Of Revenue [Line Items]
Number of reportable segments \| Segment	4
Revenue performance obligation description of payment terms	Payment terms and conditions vary by contract type, although our customers’ payment terms generally include a requirement to pay within 30 to 60 days of fulfilling our performance obligations
Revenue, Practical Expedient, Financing Component [true false]	false
Increase (decrease) in net contract assets	$ 17,783
Long-term deferred revenue	$ 59,900	$ 62,500

Summary of Trade Accounts Recei

Summary of Trade Accounts Receivable Net of Allowances and Net Contract Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2022	May 31, 2022
Disaggregation Of Revenue [Line Items]
Trade accounts receivable, less allowances	$ 1,340,127	$ 1,432,632
Contract assets	82,000	57,234
Contract liabilities - short-term	(51,921)	(44,938)
Net Contract Assets	(30,079)	$ (12,296)
Change in Contract with Customer, Asset and Liability [Abstract]
Change in trade accounts receivable, less allowances	(92,505)
Change in contract assets	24,766
Change in Net Contract Assets (Liabilities)	$ 17,783
Percentage of change in trade accounts receivable, less allowances	(6.50%)
Percentage of change in contract assets	(43.30%)
Short-term
Change in Contract with Customer, Asset and Liability [Abstract]
Change in contract liabilities	$ (6,983)
Percentage of change in contract liabilities	(15.50%)

Summary of Activity for Allowan

Summary of Activity for Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Accounts receivable, allowance for credit loss [Roll Forward]
Beginning balance	$ 46,775	$ 52,181	$ 46,669	$ 55,922
Bad debt provision	5,116	869	7,523	2,074
Uncollectible accounts written off, net of recoveries	(4,238)	(812)	(4,905)	(4,899)
Translation adjustments	388	(1,306)	(1,246)	(2,165)
Ending balance	$ 48,041	$ 50,932	$ 48,041	$ 50,932

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
Segment Information - Additional Information (Detail)	Nov. 30, 2022 Segment
Segment Reporting [Abstract]
Number of reportable segments	4
Number of operating segments	4

Summary of Disaggregation of Re

Summary of Disaggregation of Revenues by Geography and Results of Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021	May 31, 2022
Segment Reporting Information [Line Items]
Net Sales	$ 1,791,708	$ 1,639,538	$ 3,724,028	$ 3,289,959
Income (Loss) Before Income Taxes	175,135	163,154	400,256	344,625
Identifiable Assets	6,849,513		6,849,513		$ 6,707,706
Domestic
Segment Reporting Information [Line Items]
Net Sales	1,277,728	1,114,758	2,688,288	2,245,075
Foreign
Segment Reporting Information [Line Items]
Net Sales	513,980	524,780	1,035,740	1,044,884
Foreign \| Canada
Segment Reporting Information [Line Items]
Net Sales	133,548	120,016	271,584	251,109
Foreign \| Europe
Segment Reporting Information [Line Items]
Net Sales	242,337	274,594	491,983	547,449
Foreign \| Latin America
Segment Reporting Information [Line Items]
Net Sales	69,931	64,788	141,677	126,412
Foreign \| Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	44,101	42,674	84,290	77,098
Foreign \| Other Foreign
Segment Reporting Information [Line Items]
Net Sales	24,063	22,708	46,206	42,816
Operating Segments \| CPG Segment
Segment Reporting Information [Line Items]
Net Sales	634,114	614,190	1,363,811	1,258,552
Income (Loss) Before Income Taxes	75,453	130,368	184,655	244,725
Identifiable Assets	2,259,215		2,259,215		2,160,071
Operating Segments \| CPG Segment \| Domestic
Segment Reporting Information [Line Items]
Net Sales	379,722	342,282	843,130	714,595
Operating Segments \| CPG Segment \| Foreign
Segment Reporting Information [Line Items]
Net Sales	254,392	271,908	520,681	543,957
Operating Segments \| CPG Segment \| Foreign \| Canada
Segment Reporting Information [Line Items]
Net Sales	65,344	68,901	135,482	145,461
Operating Segments \| CPG Segment \| Foreign \| Europe
Segment Reporting Information [Line Items]
Net Sales	115,785	132,575	232,980	262,993
Operating Segments \| CPG Segment \| Foreign \| Latin America
Segment Reporting Information [Line Items]
Net Sales	51,592	49,486	107,264	96,908
Operating Segments \| CPG Segment \| Foreign \| Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	21,671	20,951	44,955	38,555
Operating Segments \| CPG Segment \| Foreign \| Other Foreign
Segment Reporting Information [Line Items]
Net Sales		(5)		40
Operating Segments \| PCG Segment
Segment Reporting Information [Line Items]
Net Sales	335,151	302,527	675,585	588,122
Income (Loss) Before Income Taxes	45,294	37,854	92,248	72,932
Identifiable Assets	1,169,734		1,169,734		1,115,780
Operating Segments \| PCG Segment \| Domestic
Segment Reporting Information [Line Items]
Net Sales	214,738	187,838	438,408	364,032
Operating Segments \| PCG Segment \| Foreign
Segment Reporting Information [Line Items]
Net Sales	120,413	114,689	237,177	224,090
Operating Segments \| PCG Segment \| Foreign \| Canada
Segment Reporting Information [Line Items]
Net Sales	22,311	18,684	44,973	37,135
Operating Segments \| PCG Segment \| Foreign \| Europe
Segment Reporting Information [Line Items]
Net Sales	57,012	60,958	113,720	118,793
Operating Segments \| PCG Segment \| Foreign \| Latin America
Segment Reporting Information [Line Items]
Net Sales	10,640	6,846	20,122	13,237
Operating Segments \| PCG Segment \| Foreign \| Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	6,387	5,488	12,156	12,149
Operating Segments \| PCG Segment \| Foreign \| Other Foreign
Segment Reporting Information [Line Items]
Net Sales	24,063	22,713	46,206	42,776
Operating Segments \| Consumer Segment
Segment Reporting Information [Line Items]
Net Sales	610,359	529,197	1,269,851	1,067,606
Income (Loss) Before Income Taxes	93,873	33,104	210,562	79,019
Identifiable Assets	2,435,306		2,435,306		2,405,764
Operating Segments \| Consumer Segment \| Domestic
Segment Reporting Information [Line Items]
Net Sales	504,108	431,450	1,054,727	863,849
Operating Segments \| Consumer Segment \| Foreign
Segment Reporting Information [Line Items]
Net Sales	106,251	97,747	215,124	203,757
Operating Segments \| Consumer Segment \| Foreign \| Canada
Segment Reporting Information [Line Items]
Net Sales	44,832	30,340	89,082	64,282
Operating Segments \| Consumer Segment \| Foreign \| Europe
Segment Reporting Information [Line Items]
Net Sales	49,507	55,070	103,125	115,337
Operating Segments \| Consumer Segment \| Foreign \| Latin America
Segment Reporting Information [Line Items]
Net Sales	7,365	7,911	13,551	15,228
Operating Segments \| Consumer Segment \| Foreign \| Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	4,547	4,426	9,366	8,910
Operating Segments \| SPG Segments
Segment Reporting Information [Line Items]
Net Sales	212,084	193,624	414,781	375,679
Income (Loss) Before Income Taxes	27,431	20,591	55,316	45,147
Identifiable Assets	863,803		863,803		839,419
Operating Segments \| SPG Segments \| Domestic
Segment Reporting Information [Line Items]
Net Sales	179,160	153,188	352,023	302,599
Operating Segments \| SPG Segments \| Foreign
Segment Reporting Information [Line Items]
Net Sales	32,924	40,436	62,758	73,080
Operating Segments \| SPG Segments \| Foreign \| Canada
Segment Reporting Information [Line Items]
Net Sales	1,061	2,091	2,047	4,231
Operating Segments \| SPG Segments \| Foreign \| Europe
Segment Reporting Information [Line Items]
Net Sales	20,033	25,991	42,158	50,326
Operating Segments \| SPG Segments \| Foreign \| Latin America
Segment Reporting Information [Line Items]
Net Sales	334	545	740	1,039
Operating Segments \| SPG Segments \| Foreign \| Asia Pacific
Segment Reporting Information [Line Items]
Net Sales	11,496	11,809	17,813	17,484
Corporate/Other
Segment Reporting Information [Line Items]
Income (Loss) Before Income Taxes	(66,916)	$ (58,763)	(142,525)	$ (97,198)
Identifiable Assets	$ 121,455		$ 121,455		$ 186,672