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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2018
May 31, 2018
Current assets:    
Cash and cash equivalents $ 22.7 $ 31.1
Restricted cash 22.1 10.5
Accounts receivable, less allowances of $8.5 and $7.5, respectively 191.0 202.0
Contract assets 48.8  
Inventories 467.7 460.7
Rotable assets and equipment on or available for short-term lease 80.9 87.2
Assets of discontinued operations 114.7 125.0
Other current assets 34.5 26.2
Total current assets 982.4 942.7
Property, plant and equipment, net of accumulated depreciation of $218.6 and $214.4, respectively 132.5 133.2
Other assets:    
Goodwill 118.1 118.7
Intangible assets, net of accumulated amortization of $34.1 and $33.3, respectively 26.5 27.8
Rotable assets supporting long-term programs 187.6 183.4
Other non-current assets 90.7 118.9
Total other assets 422.9 448.8
Total assets 1,537.8 1,524.7
Current liabilities:    
Accounts and trade notes payable 179.6 170.0
Accrued liabilities 110.8 138.3
Liabilities of discontinued operations 24.7 25.0
Total current liabilities 315.1 333.3
Long-term debt, less current maturities 209.1 177.2
Deferred tax liabilities 11.0 15.7
Other liabilities and deferred income 73.5 62.2
Total noncurrent liabilities 293.6 255.1
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 shares at cost 45.3 45.3
Capital surplus 469.8 470.5
Retained earnings 725.2 733.2
Treasury stock, 10,259,690 and 10,585,165 shares at cost, respectively (279.0) (280.7)
Accumulated other comprehensive loss (32.2) (32.0)
Total equity 929.1 936.3
Total liabilities and equity $ 1,537.8 $ 1,524.7