Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2022	May 31, 2021
Current assets:
Cash and cash equivalents	$ 34,485	$ 640,311
Receivables, less allowances of $1,292 and $608 at May 31, 2022 and May 31, 2021, respectively	857,493	639,964
Inventories:
Raw materials	323,609	266,208
Work in process	255,019	183,413
Finished products	180,512	115,133
Total inventories	759,140	564,754
Income taxes receivable	20,556	1,958
Assets held for sale	20,318	51,956
Prepaid expenses and other current assets	93,661	69,049
Total current assets	1,785,653	1,967,992
Investments in unconsolidated affiliates	327,381	233,126
Operating lease assets	98,769	35,101
Goodwill	401,469	351,056
Other intangible assets, net of accumulated amortization of $93,973 and $80,513 at May 31, 2022 and May 31, 2021, respectively	299,017	240,387
Other assets	34,394	30,566
Property, plant and equipment:
Land	51,483	21,744
Buildings and improvements	303,269	271,196
Machinery and equipment	1,196,806	1,046,065
Construction in progress	59,363	53,903
Total property, plant and equipment	1,610,921	1,392,908
Less: accumulated depreciation	914,581	877,891
Total property, plant and equipment, net	696,340	515,017
Total assets	3,643,023	3,373,245
Current liabilities:
Accounts payable	668,438	567,392
Short-term borrowings	47,997
Accrued compensation, contributions to employee benefit plans and related taxes	117,530	137,698
Dividends payable	15,988	16,536
Other accrued items	70,125	52,250
Current operating lease liabilities	11,618	9,947
Income taxes payable	300	3,620
Current maturities of long-term debt	265	458
Total current liabilities	932,261	787,901
Other liabilities	115,991	82,824
Distributions in excess of investment in unconsolidated affiliate	81,149	99,669
Long-term debt	696,345	710,031
Noncurrent operating lease liabilities	88,183	27,374
Deferred income taxes, net	115,132	113,751
Total liabilities	2,029,061	1,821,550
Shareholders' equity - controlling interest:
Preferred shares, without par value; authorized - 1,000,000 shares; issued and out standing - none
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2022 - shares, 2021 - 51,330,347 shares
Additional paid-in capital	273,439	282,790
Accumulated other comprehensive income (loss), net of taxes of $2,049 and $(12,550) at May 31, 2022 and May 31, 2021, respectively	(22,850)	45,387
Retained earnings	1,230,163	1,070,016
Total shareholders' equity - controlling interest	1,480,752	1,398,193
Noncontrolling interests	133,210	153,502
Total equity	1,613,962	1,551,695
Total liabilities and equity	$ 3,643,023	$ 3,373,245