Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2022	May 31, 2022
Current assets:
Cash and cash equivalents	$ 35,768	$ 34,485
Receivables, less allowances of $1,615 and $1,292 at August 31, 2022 and May 31, 2022, respectively	818,332	857,493
Inventories:
Raw materials	357,926	323,609
Work in process	178,472	255,019
Finished products	190,737	180,512
Total inventories	727,135	759,140
Income taxes receivable	2,331	20,556
Assets held for sale	21,491	20,318
Prepaid expenses and other current assets	100,246	93,661
Total current assets	1,705,303	1,785,653
Investments in unconsolidated affiliates	252,609	327,381
Operating lease assets	103,587	98,769
Goodwill	411,902	401,469
Other intangible assets, net of accumulated amortization of $97,648 and $93,973 at August 31, 2022 and May 31, 2022, respectively	326,634	299,017
Other assets	26,604	34,394
Property, plant and equipment:
Land	49,771	51,483
Buildings and improvements	299,586	303,269
Machinery and equipment	1,199,664	1,196,806
Construction in progress	63,672	59,363
Total property, plant and equipment	1,612,693	1,610,921
Less: accumulated depreciation	929,190	914,581
Total property, plant and equipment, net	683,503	696,340
Total assets	3,510,142	3,643,023
Current liabilities:
Accounts payable	580,509	668,438
Short-term borrowings	15,554	47,997
Accrued compensation, contributions to employee benefit plans and related taxes	83,662	117,530
Dividends payable	17,453	15,988
Other accrued items	67,094	70,125
Current operating lease liabilities	12,141	11,618
Income taxes payable	7,629	300
Current maturities of long-term debt	248	265
Total current liabilities	784,290	932,261
Other liabilities	109,428	115,991
Distributions in excess of investment in unconsolidated affiliate	84,994	81,149
Long-term debt	690,011	696,345
Noncurrent operating lease liabilities	92,760	88,183
Deferred income taxes, net	101,687	115,132
Total liabilities	1,863,170	2,029,061
Shareholders' equity - controlling interest	1,512,600	1,480,752
Noncontrolling interests	134,372	133,210
Total equity	1,646,972	1,613,962
Total liabilities and equity	$ 3,510,142	$ 3,643,023