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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Feb. 29, 2012
May 31, 2011
Current assets:    
Cash and cash equivalents $ 35,266 $ 56,167
Receivables, less allowances of $3,432 and $4,150 at February 29, 2012 and May 31, 2011, respectively 373,487 388,550
Inventories:    
Raw materials 188,288 189,450
Work in process 112,640 98,940
Finished products 94,189 82,440
Total inventories 395,117 370,830
Income taxes receivable 4,290 1,356
Assets held for sale 19,707 9,681
Deferred income taxes 24,297 28,297
Prepaid expenses and other current assets 36,465 36,754
Total current assets 888,629 891,635
Investments in unconsolidated affiliates 237,968 232,149
Goodwill 154,895 93,633
Other intangible assets, net of accumulated amortization of $14,307 and $12,688 at February 29, 2012 and May 31, 2011, respectively 99,519 19,958
Other assets 23,229 24,540
Property, plant and equipment, net 455,130 405,334
Total assets 1,859,370 1,667,249
Current liabilities:    
Accounts payable 264,273 253,404
Short-term borrowings 285,756 132,956
Accrued compensation, contributions to employee benefit plans and related taxes 51,629 72,312
Dividends payable 8,506 7,175
Other accrued items 46,161 52,023
Income taxes payable 102 7,132
Current maturities of long-term debt 598  
Total current liabilities 657,025 525,002
Other liabilities 58,589 56,594
Distributions in excess of investment in unconsolidated affiliates 64,263 10,715
Long-term debt 252,541 250,254
Deferred income taxes 89,265 83,981
Total liabilities 1,121,683 926,546
Shareholders' equity - controlling interest 690,833 689,910
Noncontrolling interest 46,854 50,793
Total equity 737,687 740,703
Total liabilities and equity $ 1,859,370 $ 1,667,249