Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2020	May 31, 2020
Current assets:
Cash and cash equivalents	$ 650,068	$ 147,198
Receivables, less allowances of $1,646 and $1,521 at August 31, 2020 and May 31, 2020, respectively	423,138	341,038
Inventories:
Raw materials	163,762	234,629
Work in process	82,154	76,497
Finished products	73,562	93,975
Total inventories	319,478	405,101
Income taxes receivable	2,287	8,376
Assets held for sale	12,857	12,928
Investment in Nikola	287,630
Prepaid expenses and other current assets	70,999	68,538
Total current assets	1,766,457	983,179
Investments in unconsolidated affiliates	208,395	203,329
Operating lease assets	29,251	31,557
Goodwill	326,798	321,434
Other intangible assets, net of accumulated amortization of $94,877 and $92,774 at August 31, 2020 and May 31, 2020, respectively	179,665	184,416
Other assets	34,541	34,956
Property, plant and equipment:
Land	24,572	24,197
Buildings and improvements	300,265	302,796
Machinery and equipment	1,079,899	1,055,139
Construction in progress	54,991	52,231
Total property, plant and equipment	1,459,727	1,434,363
Less: accumulated depreciation	873,781	861,719
Total property, plant and equipment, net	585,946	572,644
Total assets	3,131,053	2,331,515
Current liabilities:
Accounts payable	294,172	247,017
Accrued compensation, contributions to employee benefit plans and related taxes	88,145	64,650
Dividends payable	14,808	14,648
Other accrued items	50,036	49,974
Current operating lease liabilities	10,251	10,851
Income taxes payable	84,612	949
Current maturities of long-term debt	160	149
Total current liabilities	542,184	388,238
Other liabilities	82,814	75,786
Distributions in excess of investment in unconsolidated affiliate	101,865	103,837
Long-term debt	707,331	699,516
Noncurrent operating lease liabilities	23,880	25,763
Deferred income taxes, net	143,079	71,942
Total liabilities	1,601,153	1,365,082
Shareholders' equity - controlling interest	1,382,785	820,821
Noncontrolling interests	147,115	145,612
Total equity	1,529,900	966,433
Total liabilities and equity	$ 3,131,053	$ 2,331,515