Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2021	May 31, 2021
Current assets:
Cash and cash equivalents	$ 225,194	$ 640,311
Receivables, less allowances of $790 and $608 at November 30, 2021 and May 31, 2021, respectively	736,738	639,964
Inventories:
Raw materials	420,511	266,208
Work in process	247,772	183,413
Finished products	171,305	115,133
Total inventories	839,588	564,754
Income taxes receivable	1,574	1,958
Assets held for sale	34,721	51,956
Prepaid expenses and other current assets	72,952	69,049
Total current assets	1,910,767	1,967,992
Investments in unconsolidated affiliates	291,397	233,126
Operating lease assets	93,628	35,101
Goodwill	370,191	351,056
Other intangible assets, net of accumulated amortization of $86,459 and $80,513 at November 30, 2021 and May 31, 2021, respectively	267,564	240,387
Other assets	32,451	30,566
Property, plant and equipment:
Land	21,319	21,744
Buildings and improvements	273,483	271,196
Machinery and equipment	1,086,453	1,046,065
Construction in progress	68,423	53,903
Total property, plant and equipment	1,449,678	1,392,908
Less: accumulated depreciation	898,044	877,891
Total property, plant and equipment, net	551,634	515,017
Total assets	3,517,632	3,373,245
Current liabilities:
Accounts payable	610,278	567,392
Accrued compensation, contributions to employee benefit plans and related taxes	105,879	137,698
Dividends payable	15,794	16,536
Other accrued items	60,484	52,250
Current operating lease liabilities	10,888	9,947
Income taxes payable	16,555	3,620
Current maturities of long-term debt	280	458
Total current liabilities	820,158	787,901
Other liabilities	81,786	82,824
Distributions in excess of investment in unconsolidated affiliate	94,836	99,669
Long-term debt	701,892	710,031
Noncurrent operating lease liabilities	83,887	27,374
Deferred income taxes, net	101,982	113,751
Total liabilities	1,884,541	1,821,550
Shareholders' equity - controlling interest	1,479,797	1,398,193
Noncontrolling interests	153,294	153,502
Total equity	1,633,091	1,551,695
Total liabilities and equity	$ 3,517,632	$ 3,373,245