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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2017
May 31, 2017
Current assets:    
Cash and cash equivalents $ 15.1 $ 10.3
Accounts receivable, less allowances of $6.1 and $5.8, respectively 264.7 251.4
Inventories 473.0 483.1
Rotable spares and equipment on or available for short-term lease 118.2 118.0
Deposits, prepaids and other 33.7 25.7
Total current assets 904.7 888.5
Property, plant and equipment, net of accumulated depreciation of $398.4 and $413.9, respectively 198.1 201.9
Other assets:    
Goodwill 115.5 115.4
Intangible assets, net of accumulated amortization of $30.9 and $29.8, respectively 31.7 32.8
Rotable assets supporting long-term programs 167.7 159.6
Other 114.0 105.9
Total other assets 428.9 413.7
Total assets 1,531.7 1,504.1
Current liabilities:    
Current maturities of long-term debt 2.0 2.0
Accounts and trade notes payable 176.3 177.4
Accrued liabilities 133.8 155.7
Total current liabilities 312.1 335.1
Long-term debt, less current maturities 189.0 155.3
Deferred tax liabilities 37.7 37.2
Other liabilities and deferred income 68.2 62.3
Total noncurrent liabilities 294.9 254.8
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 460.3 460.8
Retained earnings 735.9 727.9
Treasury stock, 10,678,693 and 10,820,844 shares at cost, respectively (277.8) (279.8)
Accumulated other comprehensive loss (39.0) (39.9)
Total equity 924.7 914.2
Total liabilities and equity $ 1,531.7 $ 1,504.1