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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2017
May 31, 2017
Current assets:    
Cash and cash equivalents $ 27.1 $ 10.3
Accounts receivable, less allowances of $8.5 and $5.8, respectively 258.4 251.4
Inventories 479.4 483.1
Rotable spares and equipment on or available for short-term lease 99.6 118.0
Deposits, prepaids and other 27.7 25.7
Total current assets 892.2 888.5
Property, plant and equipment, net of accumulated depreciation of $422.4 and $413.9, respectively 195.3 201.9
Other assets:    
Goodwill 128.9 115.4
Intangible assets, net of accumulated amortization of $31.3 and $29.8, respectively 30.2 32.8
Rotable assets supporting long-term programs 180.4 159.6
Other 117.3 105.9
Total other assets 456.8 413.7
Total assets 1,544.3 1,504.1
Current liabilities:    
Current maturities of long-term debt 1.7 2.0
Accounts and trade notes payable 195.9 177.4
Accrued liabilities 138.9 155.7
Total current liabilities 336.5 335.1
Long-term debt, less current maturities 215.8 155.3
Deferred tax liabilities 15.6 37.2
Other liabilities and deferred income 69.9 62.3
Total noncurrent liabilities 301.3 254.8
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 462.3 460.8
Retained earnings 710.7 727.9
Treasury stock, 10,571,413 and 10,820,844 shares at cost, respectively (275.0) (279.8)
Accumulated other comprehensive loss (36.8) (39.9)
Total equity 906.5 914.2
Total liabilities and equity $ 1,544.3 $ 1,504.1