Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Current assets:
Cash and cash equivalents	$ 129,596	$ 34,485
Receivables, less allowances of $2,679 and $1,292 at November 30, 2022 and May 31, 2022, respectively	694,668	857,493
Inventories:
Raw materials	304,692	323,609
Work in process	159,772	255,019
Finished products	190,160	180,512
Total inventories	654,624	759,140
Income taxes receivable	19,834	20,556
Assets held for sale	5,191	20,318
Prepaid expenses and other current assets	98,873	93,661
Total current assets	1,602,786	1,785,653
Investments in unconsolidated affiliates	240,859	327,381
Operating lease assets	103,488	98,769
Goodwill	412,971	401,469
Other intangible assets, net of accumulated amortization of $102,561 and $93,973 at November 30, 2022 and May 31, 2022, respectively	322,934	299,017
Other assets	25,439	34,394
Property, plant and equipment:
Land	49,644	51,483
Buildings and improvements	302,999	303,269
Machinery and equipment	1,223,841	1,196,806
Construction in progress	60,673	59,363
Total property, plant and equipment	1,637,157	1,610,921
Less: accumulated depreciation	954,974	914,581
Total property, plant and equipment, net	682,183	696,340
Total assets	3,390,660	3,643,023
Current liabilities:
Accounts payable	481,273	668,438
Short-term borrowings	4,935	47,997
Accrued compensation, contributions to employee benefit plans and related taxes	86,998	117,530
Dividends payable	17,663	15,988
Other accrued items	58,046	70,125
Current operating lease liabilities	11,719	11,618
Income taxes payable		300
Current maturities of long-term debt	257	265
Total current liabilities	660,891	932,261
Other liabilities	115,688	115,991
Distributions in excess of investment in unconsolidated affiliate	91,643	81,149
Long-term debt	693,453	696,345
Noncurrent operating lease liabilities	93,513	88,183
Deferred income taxes, net	96,180	115,132
Total liabilities	1,751,368	2,029,061
Shareholders' equity - controlling interest	1,513,393	1,480,752
Noncontrolling interests	125,899	133,210
Total equity	1,639,292	1,613,962
Total liabilities and equity	$ 3,390,660	$ 3,643,023