Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2019	May 31, 2019
Current assets:
Cash and cash equivalents	$ 72,260	$ 92,363
Receivables, less allowances of $1,407 and $1,150 at November 30, 2019 and May 31, 2019, respectively	477,228	501,944
Inventories:
Raw materials	190,310	268,607
Work in process	82,400	113,848
Finished products	107,077	101,825
Total inventories	379,787	484,280
Income taxes receivable	12,557	10,894
Assets held for sale	1,731	6,924
Prepaid expenses and other current assets	67,083	69,508
Total current assets	1,010,646	1,165,913
Investments in unconsolidated affiliates	225,791	214,930
Operating lease assets	37,864
Goodwill	341,850	334,607
Other intangible assets, net of accumulated amortization of $92,889 and $87,759 at November 30, 2019 and May 31, 2019, respectively	190,703	196,059
Other assets	33,612	20,623
Property, plant and equipment:
Land	23,028	23,996
Buildings and improvements	301,713	310,112
Machinery and equipment	1,043,314	1,049,068
Construction in progress	58,039	49,423
Total property, plant and equipment	1,426,094	1,432,599
Less: accumulated depreciation	857,599	853,935
Total property, plant and equipment, net	568,495	578,664
Total assets	2,408,961	2,510,796
Current liabilities:
Accounts payable	330,959	393,517
Accrued compensation, contributions to employee benefit plans and related taxes	62,932	78,155
Dividends payable	14,364	14,431
Other accrued items	54,102	59,810
Current operating lease liabilities	11,201
Income taxes payable	33	1,164
Current maturities of long-term debt	272	150,943
Total current liabilities	473,863	698,020
Other liabilities	72,639	69,976
Distributions in excess of investment in unconsolidated affiliate	97,243	121,948
Long-term debt	698,531	598,356
Noncurrent operating lease liabilities	30,065
Deferred income taxes, net	77,877	74,102
Total liabilities	1,450,218	1,562,402
Shareholders' equity - controlling interest	835,891	831,246
Noncontrolling interests	122,852	117,148
Total equity	958,743	948,394
Total liabilities and equity	$ 2,408,961	$ 2,510,796