Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 430,906	$ 454,946
Receivables, less allowances of $2,944 and $3,383 at November 30, 2023 and May 31, 2023, respectively	640,826	692,887
Inventories:
Raw materials	245,166	264,568
Work in process	156,361	183,248
Finished products	174,884	160,152
Total inventories	576,411	607,968
Income taxes receivable	5,511	4,198
Assets held for sale	1,789	3,381
Prepaid expenses and other current assets	117,160	104,957
Total current assets	1,772,603	1,868,337
Investments in unconsolidated affiliates	247,421	252,591
Operating lease assets	94,677	99,967
Goodwill	416,857	414,820
Other intangible assets, net of accumulated amortization of $121,478 and $112,202 at November 30, 2023 and May 31, 2023, respectively	305,649	314,226
Other assets	42,916	25,323
Property, plant and equipment:
Land	50,920	49,697
Buildings and improvements	312,830	308,669
Machinery and equipment	1,293,628	1,263,962
Construction in progress	78,536	45,165
Total property, plant and equipment	1,735,914	1,667,493
Less: accumulated depreciation	1,031,900	991,839
Total property, plant and equipment, net	704,014	675,654
Total assets	3,584,137	3,650,918
Current liabilities:
Accounts payable	447,119	528,920
Short-term borrowings	175,000	2,813
Accrued compensation, contributions to employee benefit plans and related taxes	80,461	93,810
Dividends payable	17,245	18,330
Other accrued items	62,270	53,362
Current operating lease liabilities	12,493	12,608
Income taxes payable	485	7,451
Current maturities of long-term debt	150,269	264
Total current liabilities	945,342	717,558
Other liabilities	112,878	113,286
Distributions in excess of investment in unconsolidated affiliate	118,465	117,297
Long-term debt	298,549	689,718
Noncurrent operating lease liabilities	85,283	89,982
Deferred income taxes, net	99,653	101,449
Total liabilities	1,660,170	1,829,290
Shareholders' equity - controlling interest	1,792,809	1,696,011
Noncontrolling interests	131,158	125,617
Total equity	1,923,967	1,821,628
Total liabilities and equity	$ 3,584,137	$ 3,650,918