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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2018
May 31, 2018
Current assets:    
Cash and cash equivalents $ 25.7 $ 31.1
Restricted cash 15.0 10.5
Accounts receivable, less allowances of $14.5 and $7.5, respectively 218.6 202.0
Contract assets 63.0  
Inventories 495.0 460.7
Rotable assets and equipment on or available for short-term lease 80.5 87.2
Assets of discontinued operations 109.9 125.0
Other current assets 33.0 26.2
Total current assets 1,040.7 942.7
Property, plant and equipment, net of accumulated depreciation of $221.9 and $214.4, respectively 133.4 133.2
Other assets:    
Goodwill 116.6 118.7
Intangible assets, net of accumulated amortization of $29.5 and $33.3, respectively 25.2 27.8
Rotable assets supporting long-term programs 202.5 183.4
Other non-current assets 85.8 118.9
Total other assets 430.1 448.8
Total assets 1,604.2 1,524.7
Current liabilities:    
Accounts and trade notes payable 205.2 170.0
Accrued liabilities 114.4 138.3
Liabilities of discontinued operations 24.6 25.0
Total current liabilities 344.2 333.3
Long-term debt, less current maturities 218.9 177.2
Deferred tax liabilities 10.5 15.7
Other liabilities and deferred income 95.0 62.2
Total noncurrent liabilities 324.4 255.1
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 470.8 470.5
Retained earnings 729.6 733.2
Treasury stock, 10,205,647 and 10,585,165 shares at cost, respectively (277.5) (280.7)
Accumulated other comprehensive loss (32.6) (32.0)
Total equity 935.6 936.3
Total liabilities and equity $ 1,604.2 $ 1,524.7