Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2019	May 31, 2019
Current assets:
Cash and cash equivalents	$ 45,583	$ 92,363
Receivables, less allowances of $1,311 and $1,150 at August 31, 2019 and May 31, 2019, respectively	472,441	501,944
Inventories:
Raw materials	231,418	268,607
Work in process	85,916	113,848
Finished products	104,829	101,825
Total inventories	422,163	484,280
Income taxes receivable	8,198	10,894
Assets held for sale	14,591	6,924
Prepaid expenses and other current assets	67,116	69,508
Total current assets	1,030,092	1,165,913
Investments in unconsolidated affiliates	212,982	214,930
Operating lease assets	35,977
Goodwill	331,144	334,607
Other intangible assets, net of accumulated amortization of $89,607 and $87,759 at August 31, 2019 and May 31, 2019, respectively	190,952	196,059
Other assets	29,762	20,623
Property, plant and equipment:
Land	23,003	23,996
Buildings and improvements	298,219	310,112
Machinery and equipment	1,014,975	1,049,068
Construction in progress	54,488	49,423
Total property, plant and equipment	1,390,685	1,432,599
Less: accumulated depreciation	838,962	853,935
Total property, plant and equipment, net	551,723	578,664
Total assets	2,382,632	2,510,796
Current liabilities:
Accounts payable	351,363	393,517
Accrued compensation, contributions to employee benefit plans and related taxes	52,577	78,155
Dividends payable	14,881	14,431
Other accrued items	52,340	59,810
Current operating lease liabilities	10,745
Income taxes payable	151	1,164
Current maturities of long-term debt	617	150,943
Total current liabilities	482,674	698,020
Other liabilities	71,171	69,976
Distributions in excess of investment in unconsolidated affiliate	123,401	121,948
Long-term debt	698,612	598,356
Noncurrent operating lease liabilities	29,124
Deferred income taxes, net	70,209	74,102
Total liabilities	1,475,191	1,562,402
Shareholders' equity - controlling interest	787,973	831,246
Noncontrolling interests	119,468	117,148
Total equity	907,441	948,394
Total liabilities and equity	$ 2,382,632	$ 2,510,796