Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2019	May 31, 2019
Current assets:
Cash and cash equivalents	$ 38.2	$ 21.3
Restricted cash	14.5	19.8
Accounts receivable, less allowances of $17.5 and $16.0, respectively	208.5	197.8
Contract assets	62.2	59.2
Inventories	580.4	523.7
Rotable assets and equipment on or available for short-term lease	69.1	65.3
Assets of discontinued operations	27.4	29.2
Other current assets	71.9	36.2
Total current assets	1,072.2	952.5
Property, plant and equipment, net of accumulated depreciation of $240.4 and $231.8 respectively	134.3	132.8
Other assets:
Goodwill	116.8	116.2
Intangible assets, net of accumulated amortization of $17.8 and $30.3, respectively	12.6	22.2
Operating lease right-of-use assets, net	103.8
Rotable assets supporting long-term programs	225.6	216.0
Other non-current assets	89.6	77.5
Total other assets	548.4	431.9
Total assets	1,754.9	1,517.2
Current liabilities:
Accounts payable	231.4	187.8
Accrued liabilities	133.2	140.5
Liabilities of discontinued operations	41.9	29.2
Total current liabilities	406.5	357.5
Long-term debt	196.1	141.7
Operating lease liabilities	84.0
Deferred revenue on long-term contracts	122.5	83.8
Other liabilities	24.1	28.3
Total noncurrent liabilities	426.7	253.8
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	478.7	479.4
Retained earnings	725.4	709.8
Treasury stock, 10,387,144 and 10,512,974 shares at cost, respectively	(287.7)	(287.7)
Accumulated other comprehensive loss	(40.0)	(40.9)
Total equity	921.7	905.9
Total liabilities and equity	$ 1,754.9	$ 1,517.2