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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 31, 2018
May 31, 2017
Current assets:    
Cash and cash equivalents $ 31.1 $ 10.3
Restricted cash 10.5  
Accounts receivable, net 202.0 234.5
Inventories 460.7 433.4
Rotable assets and equipment on or available for short-term lease 87.2 70.7
Assets of discontinued operations - current 125.0 120.4
Other current assets 26.2 19.1
Total current assets 942.7 888.4
Property, plant and equipment, at cost:    
Land 4.5 4.3
Buildings and improvements 107.4 97.5
Equipment and furniture and fixtures 235.7 222.9
Property, plant and equipment, gross 347.6 324.7
Accumulated depreciation (214.4) (207.5)
Property, plant and equipment, net of accumulated depreciation 133.2 117.2
Other assets:    
Goodwill 118.7 105.6
Intangible assets, net 27.8 30.6
Rotable assets supporting long-term programs 183.4 159.6
Assets of discontinued operations - non-current   97.8
Other non-current assets 118.9 104.9
Total other assets 448.8 498.5
Total assets 1,524.7 1,504.1
Current liabilities:    
Current maturities of long-term debt   0.1
Accounts and trade notes payable 170.0 164.2
Accrued liabilities 138.3 139.9
Liabilities of discontinued operations 25.0 30.8
Total current liabilities 333.3 335.0
Long-term debt, less current maturities 177.2 154.1
Deferred tax liabilities 15.7 37.2
Other liabilities and deferred income 62.2 63.6
Total noncurrent liabilities 255.1 254.9
Equity:    
Preferred stock, $1.00 par value, authorized 250,000 shares; none issued
Common stock, $1.00 par value, authorized 100,000,000 shares; issued 45,300,786 and 45,175,302 shares at cost, respectively 45.3 45.2
Capital surplus 470.5 460.8
Retained earnings 733.2 727.9
Treasury stock, 10,585,165 and 10,820,844 shares at cost, respectively (280.7) (279.8)
Accumulated other comprehensive loss (32.0) (39.9)
Total equity 936.3 914.2
Total liabilities and equity $ 1,524.7 $ 1,504.1