Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 201,009	$ 454,946
Receivables, less allowances of $2,582 and $3,383 at August 31, 2023 and May 31, 2023, respectively	698,287	692,887
Inventories:
Raw materials	302,626	264,568
Work in process	192,344	183,248
Finished products	177,326	160,152
Total inventories	672,296	607,968
Income taxes receivable	2,593	4,198
Assets held for sale	1,979	3,381
Prepaid expenses and other current assets	115,692	104,957
Total current assets	1,691,856	1,868,337
Investments in unconsolidated affiliates	241,564	252,591
Operating lease assets	97,316	99,967
Goodwill	415,813	414,820
Other intangible assets, net of accumulated amortization of $116,912 and $112,202 at August 31, 2023 and May 31, 2023, respectively	310,030	314,226
Other assets	38,245	25,323
Property, plant and equipment:
Land	49,739	49,697
Buildings and improvements	309,752	308,669
Machinery and equipment	1,266,341	1,263,962
Construction in progress	64,414	45,165
Total property, plant and equipment	1,690,246	1,667,493
Less: accumulated depreciation	1,008,378	991,839
Total property, plant and equipment, net	681,868	675,654
Total assets	3,476,692	3,650,918
Current liabilities:
Accounts payable	526,686	528,920
Short-term borrowings		2,813
Accrued compensation, contributions to employee benefit plans and related taxes	76,960	93,810
Dividends payable	18,603	18,330
Other accrued items	47,899	53,362
Current operating lease liabilities	12,610	12,608
Income taxes payable	35,913	7,451
Current maturities of long-term debt	150,268	264
Total current liabilities	868,939	717,558
Other liabilities	109,840	113,286
Distributions in excess of investment in unconsolidated affiliate	116,377	117,297
Long-term debt	298,083	689,718
Noncurrent operating lease liabilities	87,626	89,982
Deferred income taxes, net	93,911	101,449
Total liabilities	1,574,776	1,829,290
Shareholders' equity - controlling interest	1,774,623	1,696,011
Noncontrolling interests	127,293	125,617
Total equity	1,901,916	1,821,628
Total liabilities and equity	$ 3,476,692	$ 3,650,918