Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 29, 2020	May 31, 2019
Current assets:
Cash and cash equivalents	$ 37.0	$ 21.3
Restricted cash	27.9	19.8
Accounts receivable, less allowances of $20.2 and $16.0, respectively	225.7	197.8
Contract assets	64.7	59.2
Inventories	621.6	523.7
Rotable assets and equipment on or available for short-term lease	69.0	65.3
Assets of discontinued operations	26.3	29.2
Other current assets	85.9	36.2
Total current assets	1,158.1	952.5
Property, plant and equipment, net of accumulated depreciation of $244.9 and $231.8 respectively	136.7	132.8
Other assets:
Goodwill	116.5	116.2
Intangible assets, net of accumulated amortization of $18.2 and $30.3, respectively	12.0	22.2
Operating lease right-of-use assets, net	99.4
Rotable assets supporting long-term programs	225.3	216.0
Other non-current assets	80.9	77.5
Total other assets	534.1	431.9
Total assets	1,828.9	1,517.2
Current liabilities:
Accounts payable	295.1	187.8
Accrued liabilities	149.8	140.5
Liabilities of discontinued operations	40.4	29.2
Total current liabilities	485.3	357.5
Long-term debt	206.0	141.7
Operating lease liabilities	80.0
Deferred revenue on long-term programs	101.3	83.8
Other liabilities	26.9	28.3
Total noncurrent liabilities	414.2	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	481.5	479.4
Retained earnings	725.1	709.8
Treasury stock, 10,200,090 and 10,512,974 shares at cost, respectively	(282.6)	(287.7)
Accumulated other comprehensive loss	(39.9)	(40.9)
Total equity	929.4	905.9
Total liabilities and equity	$ 1,828.9	$ 1,517.2