Basis of Presentation (Tables)

6 Months Ended

Nov. 30, 2018

New accounting pronouncements adopted

Schedule of impact of the adoption of ASC 606

	As of		ASC 606		As of
	May 31, 2018		Adjustments		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

					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Accounts receivable, net	$	218.6	$	46.8	$	265.4
Contract assets		63.0		(63.0)		—
Inventories		495.0		20.1		515.1
Other current assets		33.0		0.6		33.6
Other non-current assets		85.8		21.5		107.3
Accrued liabilities		114.4		(5.0)		109.4
Deferred tax liabilities		10.5		6.6		17.1
Other liabilities and deferred income		95.0		5.6		100.6
Retained earnings		729.6		18.8		748.4

	Three Months Ended November 30, 2018
					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Sales	$	493.3	$	(0.4)	$	492.9
Cost of sales		415.0		(1.5)		413.5
Gross profit		78.3		1.1		79.4
Provision for income taxes		3.0		0.3		3.3
Income from continuing operations		11.2		0.8		12.0

	Six Months Ended November 30, 2018
					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Sales	$	959.6	$	(5.2)	$	954.4
Cost of sales		810.1		(3.1)		807.0
Gross profit		149.5		(2.1)		147.4
Provision for income taxes		5.3		(0.5)		4.8
Income from continuing operations		30.1		(1.6)		28.5