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Commitments and Contingencies
6 Months Ended
Nov. 30, 2012
Commitments and Contingencies

NOTE 12 — Commitments and Contingencies

 

At November 30, 2012, the Company had letters of credit outstanding totaling $114 million. These letters of credit were issued primarily for the purchase of inventory and guarantees of the Company’s performance under certain self-insurance and other programs.

There have been no other significant subsequent developments relating to the commitments and contingencies reported on the Company’s latest Annual Report on Form 10-K.