Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2023	May 31, 2022
Current assets:
Cash and cash equivalents	$ 267,244	$ 34,485
Receivables, less allowances of $5,233 and $1,292 at February 28, 2023 and May 31, 2022, respectively	715,899	857,493
Inventories:
Raw materials	271,518	323,609
Work in process	160,688	255,019
Finished products	168,918	180,512
Total inventories	601,124	759,140
Income taxes receivable	15,619	20,556
Assets held for sale	5,191	20,318
Prepaid expenses and other current assets	105,689	93,661
Total current assets	1,710,766	1,785,653
Investments in unconsolidated affiliates	244,277	327,381
Operating lease assets	102,474	98,769
Goodwill	413,989	401,469
Other intangible assets, net of accumulated amortization of $107,167 and $93,973 at February 28, 2023 and May 31, 2022, respectively	318,483	299,017
Other assets	25,454	34,394
Property, plant and equipment:
Land	49,695	51,483
Buildings and improvements	306,296	303,269
Machinery and equipment	1,247,994	1,196,806
Construction in progress	57,307	59,363
Total property, plant and equipment	1,661,292	1,610,921
Less: accumulated depreciation	979,063	914,581
Total property, plant and equipment, net	682,229	696,340
Total assets	3,497,672	3,643,023
Current liabilities:
Accounts payable	489,346	668,438
Short-term borrowings	3,605	47,997
Accrued compensation, contributions to employee benefit plans and related taxes	84,098	117,530
Dividends payable	17,630	15,988
Other accrued items	57,703	70,125
Current operating lease liabilities	12,166	11,618
Income taxes payable		300
Current maturities of long-term debt	261	265
Total current liabilities	664,809	932,261
Other liabilities	118,736	115,991
Distributions in excess of investment in unconsolidated affiliate	116,825	81,149
Long-term debt	689,339	696,345
Noncurrent operating lease liabilities	92,481	88,183
Deferred income taxes, net	100,224	115,132
Total liabilities	1,782,414	2,029,061
Shareholders' equity - controlling interest	1,585,426	1,480,752
Noncontrolling interests	129,832	133,210
Total equity	1,715,258	1,613,962
Total liabilities and equity	$ 3,497,672	$ 3,643,023