Revenue Recognition (Tables)

6 Months Ended

Nov. 30, 2019

Revenue Recognition

Schedule of net contract assets and liabilities

	November 30,		May 31,
	2019		2019		Change
Contract assets – current	$	62.2	$	59.2	$	3.0
Contract assets – non-current		32.0		17.0		15.0
Deferred revenue – current		(11.3)		(12.6)		1.3
Deferred revenue on long-term contracts		(122.5)		(83.8)		(38.7)
Net contract liabilities	$	(39.6)	$	(20.2)	$	(19.4)

Schedule of changes in deferred revenue after adoption of ASC 606

	Three Months Ended				Six Months Ended
	November 30,				November 30,
	2019		2018		2019		2018
Deferred revenue at beginning of period	$	(86.3)	$	(58.5)	$	(96.4)	$	(44.1)
Revenue deferred		(153.7)		(103.5)		(240.3)		(194.0)
Revenue recognized		103.3		76.4		204.3		156.5
Other		2.9		8.0		(1.4)		4.0
Deferred revenue at end of period	$	(133.8)	$	(77.6)	$	(133.8)	$	(77.6)

Schedule of sales across the major customer markets for each of our operating segments

	Three Months Ended					Six Months Ended
	November 30,					November 30,
	2019		2018		2019		2018
Aviation Services:
Commercial	$	369.6	$	325.5	$	700.1	$	632.2
Government and defense		162.4		137.4		343.7		269.1
	$	532.0	$	462.9	$	1,043.8	$	901.3
Expeditionary Services:
Commercial	$	6.4	$	8.0	$	12.1	$	16.5
Government and defense		22.5		22.4		46.5		41.8
	$	28.9	$	30.4	$	58.6	$	58.3

Schedule of sales by geographic region

	Three Months Ended					Six Months Ended
	November 30,					November 30,
	2019		2018		2019		2018
Aviation Services:
North America	$	395.6	$	331.7	$	786.0	$	651.2
Europe/Africa		99.8		83.5		188.0		164.5
Other		36.6		47.7		69.8		85.6
	$	532.0	$	462.9	$	1,043.8	$	901.3
Expeditionary Services:
North America	$	26.4	$	29.2	$	54.6	$	54.9
Europe/Africa		2.2		1.0		3.6		2.7
Other		0.3		0.2		0.4		0.7
	$	28.9	$	30.4	$	58.6	$	58.3