Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2022	May 31, 2021
Current assets:
Cash and cash equivalents	$ 44,324	$ 640,311
Receivables, less allowances of $1,447 and $608 at February 28, 2022 and May 31, 2021, respectively	856,656	639,964
Inventories:
Raw materials	372,074	266,208
Work in process	284,817	183,413
Finished products	212,307	115,133
Total inventories	869,198	564,754
Income taxes receivable	2,755	1,958
Assets held for sale	33,533	51,956
Prepaid expenses and other current assets	90,513	69,049
Total current assets	1,896,979	1,967,992
Investments in unconsolidated affiliates	303,422	233,126
Operating lease assets	98,034	35,101
Goodwill	407,318	351,056
Other intangible assets, net of accumulated amortization of $90,433 and $80,513 at February 28, 2022 and May 31, 2021, respectively	304,187	240,387
Other assets	33,723	30,566
Property, plant and equipment:
Land	51,081	21,744
Buildings and improvements	297,266	271,196
Machinery and equipment	1,179,426	1,046,065
Construction in progress	76,825	53,903
Total property, plant and equipment	1,604,598	1,392,908
Less: accumulated depreciation	910,101	877,891
Total property, plant and equipment, net	694,497	515,017
Total assets	3,738,160	3,373,245
Current liabilities:
Accounts payable	722,284	567,392
Short-term borrowings	111,909
Accrued compensation, contributions to employee benefit plans and related taxes	94,355	137,698
Dividends payable	16,003	16,536
Other accrued items	64,384	52,250
Current operating lease liabilities	12,630	9,947
Income taxes payable	4,854	3,620
Current maturities of long-term debt	277	458
Total current liabilities	1,026,696	787,901
Other liabilities	128,256	82,824
Distributions in excess of investment in unconsolidated affiliate	87,413	99,669
Long-term debt	700,739	710,031
Noncurrent operating lease liabilities	86,565	27,374
Deferred income taxes, net	104,886	113,751
Total liabilities	2,134,555	1,821,550
Shareholders' equity - controlling interest	1,451,366	1,398,193
Noncontrolling interests	152,239	153,502
Total equity	1,603,605	1,551,695
Total liabilities and equity	$ 3,738,160	$ 3,373,245