Basis of Presentation (Tables)

9 Months Ended

Feb. 28, 2019

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

The impact of the ASC 606 adoption on our Condensed Consolidated Financial Statements as of February 28, 2019 and for the three- and nine-month periods ended February 28, 2019 were as follows:

		As of February 28, 2019
					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Accounts receivable, net	$	237.6	$	39.5	$	277.1
Contract assets		54.9		(54.9)		—
Inventories		514.7		21.4		536.1
Other current assets		39.3		0.2		39.5
Other non-current assets		67.5		24.1		91.6
Accrued liabilities		115.0		(3.1)		111.9
Deferred tax liabilities		—		6.6		6.6
Deferred revenue on long-term contracts		89.0		7.4		96.4
Retained earnings		689.6		19.4		709.0

	Three Months Ended February 28, 2019
					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Sales	$	529.5	$	0.1	$	529.6
Cost of sales		444.2		(1.0)		443.2
Gross profit		85.3		1.1		86.4
Provision for income taxes (benefit)		(0.6)		0.2		(0.4)
Income from continuing operations		27.4		0.9		28.3

	Nine Months Ended February 28, 2019
					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Sales	$	1,489.1	$	(5.3)	$	1,483.8
Cost of sales		1,254.3		(4.1)		1,250.2
Gross profit		234.8		(1.2)		233.6
Provision for income taxes		4.7		(0.3)		4.4
Income from continuing operations		57.5		(0.9)		56.6

	Nine Months Ended February 28, 2019
					Balances
			ASC 606		Excluding
	As Reported		Adjustments		ASC 606
Cash flows provided from operating activities:
Net loss	$	(15.3)	$	(0.9)	$	(16.2)
Income from continuing operations		57.5		(0.9)		56.6
Accounts receivable		(73.3)		(8.1)		(81.4)
Contract assets		(5.2)		5.2		-
Inventories		(71.8)		(4.1)		(75.9)
Accrued and other liabilities		2.8		6.0		8.8
Other		34.7		1.9		36.6