Basis of Presentation (Tables)

3 Months Ended

Aug. 31, 2018

New accounting pronouncements adopted

Schedule of impact of the adoption of ASC 606

	As of May 31, 2018		ASC 606 Adjustments			As of June 1, 2018
Accounts receivable, net	$	202.0	$	(31.4	)	$	170.6
Inventories	460.7		(17.3		)	443.4
Contract assets—current	—		49.6			49.6
Other current assets	26.2		(0.9		)	25.3
Other non-current assets	118.9		(19.0		)	99.9
Accrued liabilities	138.3		9.1			147.4
Deferred tax liabilities	15.7		(6.6		)	9.1
Other liabilities and deferred income	62.2		(1.1		)	61.1
Retained earnings	733.2		(20.4		)	712.8

Balances Excluding ASC 606

New accounting pronouncements adopted

Schedule of impact of the adoption of ASC 606

	As Reported		ASC 606 Adjustments			Balances Excluding ASC 606
Accounts receivable, net	$	191.0	$	26.3		$	217.3
Contract assets	48.8		(48.8		)	—
Inventories	467.7		20.0			487.7
Other current assets	34.5		0.9			35.4
Other non-current assets	90.7		19.4			110.1
Accrued liabilities	110.8		(11.4		)	99.4
Deferred tax liabilities	11.0		6.6			17.6
Other liabilities and deferred income	73.5		4.6			78.1
Retained earnings	725.2		18.0			743.2

	As Reported		ASC 606 Adjustments			Balances Excluding ASC 606
Sales	$	466.3	$	(4.8	)	$	461.5
Cost of sales	395.1		(1.6		)	393.5
Gross profit	71.2		(3.2		)	68.0
Provision for income taxes	2.3		0.8			3.1
Income from continuing operations	18.9		(2.4		)	16.5