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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2011
May 31, 2011
Current assets:    
Cash and cash equivalents $ 53,806 $ 56,167
Receivables, less allowances of $3,254 and $4,150 at November 30, 2011 and May 31, 2011 328,638 388,550
Inventories:    
Raw materials 165,232 189,450
Work in process 85,175 98,940
Finished products 84,713 82,440
Total inventories 335,120 370,830
Income taxes receivable 13,125 1,356
Assets held for sale 22,962 9,681
Deferred income taxes 22,290 28,297
Prepaid expenses and other current assets 32,743 36,754
Total current assets 808,684 891,635
Investments in unconsolidated affiliates 233,187 232,149
Goodwill 102,379 93,633
Other intangible assets, net of accumulated amortization of $12,715 and $12,688 at November 30, 2011 and May 31, 2011 43,235 19,958
Other assets 23,150 24,540
Property, plant and equipment, net 398,989 405,334
Total assets 1,609,624 1,667,249
Liabilities and equity    
Accounts payable 177,194 253,404
Short-term borrowings 226,086 132,956
Accrued compensation, contributions to employee benefit plans and related taxes 43,155 72,312
Dividends payable 8,391 7,175
Other accrued items 34,043 52,023
Income taxes payable 502 7,132
Total current liabilities 489,371 525,002
Other liabilities 71,522 67,309
Long-term debt 250,263 250,254
Deferred income taxes 88,126 83,981
Total liabilities 899,282 926,546
Shareholders' equity - controlling interest 663,562 689,910
Noncontrolling interest 46,780 50,793
Total equity 710,342 740,703
Total liabilities and equity $ 1,609,624 $ 1,667,249