CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2020	May 31, 2019
Current assets:
Cash and cash equivalents	$ 404.7	$ 21.3
Restricted cash	20.0	19.8
Accounts receivable, net	171.9	197.8
Contract assets	49.3	59.2
Inventories	623.1	523.7
Rotable assets and equipment on or available for short-term lease	69.6	65.3
Assets of discontinued operations	22.9	29.2
Other current assets	77.2	36.2
Total current assets	1,438.7	952.5
Property, plant and equipment, at cost:
Land	4.5	4.5
Buildings and improvements	112.4	111.9
Equipment and furniture and fixtures	265.3	248.2
Property, plant and equipment, gross	382.2	364.6
Accumulated depreciation	(246.5)	(231.8)
Property, plant and equipment, net of accumulated depreciation	135.7	132.8
Other assets:
Goodwill	115.7	116.2
Intangible assets, net	6.0	22.2
Operating lease right-of-use assets, net	89.7
Rotable assets supporting long-term programs	211.7	216.0
Other non-current assets	81.5	77.5
Total other assets	504.6	431.9
Total assets	2,079.0	1,517.2
Current liabilities:
Accounts payable	191.6	187.8
Accrued liabilities	161.6	140.5
Liabilities of discontinued operations	29.9	29.2
Total current liabilities	383.1	357.5
Long-term debt	600.0	141.7
Operating lease liabilities	70.9
Deferred revenue on long-term contracts	88.0	83.8
Other liabilities	34.4	28.3
Total noncurrent liabilities	793.3	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	478.6	479.4
Retained earnings	706.0	709.8
Treasury stock, 10,203,437 and 10,512,974 shares at cost, respectively	(282.7)	(287.7)
Accumulated other comprehensive loss	(44.6)	(40.9)
Total equity	902.6	905.9
Total liabilities and equity	$ 2,079.0	$ 1,517.2