XML 59 R38.htm IDEA: XBRL DOCUMENT v3.19.2
Summary of Significant Accounting Policies - New Accounting Pronouncements Adopted (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
May 31, 2019
Feb. 28, 2019
Nov. 30, 2018
Aug. 31, 2018
May 31, 2018
Feb. 28, 2018
Nov. 30, 2017
Aug. 31, 2017
May 31, 2019
May 31, 2018
May 31, 2017
Jun. 01, 2018
New accounting pronouncements adopted                        
Excess income tax benefits                 $ 4.9 $ 3.5 $ 25.1  
Accounts receivable, net $ 197.8       $ 202.0       197.8 202.0   $ 170.6
Inventories 523.7       460.7       523.7 460.7   443.4
Contract assets - current 59.2               59.2     49.6
Other current assets 36.2       26.2       36.2 26.2   25.3
Other non-current assets 77.5       118.9       77.5 118.9   99.9
Accrued liabilities 140.5       138.3       140.5 138.3   147.4
Deferred tax liabilities         15.7         15.7   9.1
Deferred revenue on long-term contracts 83.8       35.8       83.8 35.8   34.7
Retained earnings 709.8       733.2       709.8 733.2   712.8
Sales 562.7 $ 529.5 $ 493.3 $ 466.3 473.5 $ 456.3 $ 420.6 $ 397.9 2,051.8 1,748.3 1,590.8  
Cost of sales                 1,722.3      
Operating income 29.3 29.8 16.8 22.4 22.8 24.3 21.8 17.1 98.3 86.0 82.3  
Provision for income taxes                 4.9 3.5 25.1  
Income from continuing operations 26.6 27.4 11.2 18.9 18.1 31.3 13.3 11.0 84.1 73.7 52.0  
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]                        
Net loss                 7.5 15.6 56.5  
Income from continuing operations 26.6 $ 27.4 $ 11.2 $ 18.9 18.1 $ 31.3 $ 13.3 $ 11.0 84.1 73.7 52.0  
Accounts receivable                 (34.4) 35.4 (16.8)  
Contract assets                 (9.7)      
Inventories                 (80.9) (25.8) (23.3)  
Accrued and other liabilities                 22.9 8.0 6.5  
Other                 21.6 (25.6) $ (24.6)  
Balances Excluding ASC 606                        
New accounting pronouncements adopted                        
Excess income tax benefits                 4.9      
Accounts receivable, net 236.3               236.3      
Inventories 545.9               545.9      
Other current assets 35.8               35.8      
Other non-current assets 102.8               102.8      
Accrued liabilities 134.5               134.5      
Deferred tax liabilities 6.6               6.6      
Deferred revenue on long-term contracts 89.0               89.0      
Retained earnings 730.3               730.3      
Sales                 2,046.8      
Cost of sales                 1,717.2      
Operating income                 98.4      
Provision for income taxes                 4.9      
Income from continuing operations                 84.2      
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]                        
Net loss                 7.6      
Income from continuing operations                 84.2      
Accounts receivable                 (41.5)      
Inventories                 (85.8)      
Accrued and other liabilities                 26.1      
Other                 20.6      
ASC 606 Adjustments                        
New accounting pronouncements adopted                        
Accounts receivable, net 38.5               38.5      
Inventories 22.2               22.2      
Contract assets - current (59.2)               (59.2)      
Other current assets (0.4)               (0.4)      
Other non-current assets 25.3               25.3      
Accrued liabilities (5.9)               (5.9)      
Deferred tax liabilities 6.6               6.6      
Deferred revenue on long-term contracts 5.2               5.2      
Retained earnings $ 20.5               20.5      
Sales                 (5.0)      
Cost of sales                 (5.1)      
Operating income                 0.1      
Income from continuing operations                 0.1      
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]                        
Net loss                 0.1      
Income from continuing operations                 0.1      
Accounts receivable                 (7.1)      
Contract assets                 9.7      
Inventories                 (4.9)      
Accrued and other liabilities                 3.2      
Other                 (1.0)      
ASC 606 Adjustments | Other contracts                        
New accounting pronouncements adopted                        
Retained earnings                       (22.1)
ASC 606 Adjustments | Repair services                        
New accounting pronouncements adopted                        
Retained earnings                       1.3
ASC 606 Adjustments | Manufacturing products                        
New accounting pronouncements adopted                        
Retained earnings                       $ 0.4
ASU 2016-09                        
New accounting pronouncements adopted                        
Excess income tax benefits                 2.7 2.9    
Provision for income taxes                 2.7 2.9    
ASU 2014-09                        
New accounting pronouncements adopted                        
Accounts receivable, net         202.0         202.0    
Inventories         460.7         460.7    
Other current assets         26.2         26.2    
Other non-current assets         118.9         118.9    
Accrued liabilities         138.3         138.3    
Deferred tax liabilities         15.7         15.7    
Deferred revenue on long-term contracts         35.8         35.8    
Retained earnings         733.2         733.2    
ASU 2014-09 | ASC 606 Adjustments                        
New accounting pronouncements adopted                        
Accounts receivable, net         (31.4)         (31.4)    
Inventories         (17.3)         (17.3)    
Contract assets - current         49.6         49.6    
Other current assets         (0.9)         (0.9)    
Other non-current assets         (19.0)         (19.0)    
Accrued liabilities         9.1         9.1    
Deferred tax liabilities         (6.6)         (6.6)    
Deferred revenue on long-term contracts         (1.1)         (1.1)    
Retained earnings         $ (20.4)         $ (20.4)    
ASU 2017-07 | Other expense, net                        
New accounting pronouncements adopted                        
Pension income                 $ 1.0