Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2020	May 31, 2020
Current assets:
Cash and cash equivalents	$ 107.7	$ 404.7
Restricted cash	6.4	20.0
Accounts receivable, less allowances of $20.9 and $22.1, respectively	166.7	171.9
Contract assets	45.2	49.3
Inventories	597.7	623.1
Rotable assets and equipment on or available for short-term lease	66.9	69.6
Assets of discontinued operations	22.0	22.9
Other current assets	61.6	77.2
Total current assets	1,074.2	1,438.7
Property, plant and equipment, net of accumulated depreciation of $243.7 and $246.5 respectively	127.0	135.7
Other assets:
Goodwill and intangible assets, net	123.1	121.7
Operating lease right-of-use assets, net	85.8	89.7
Rotable assets supporting long-term programs	201.9	211.7
Other non-current assets	101.8	81.5
Total other assets	512.6	504.6
Total assets	1,713.8	2,079.0
Current liabilities:
Accounts payable	179.8	191.6
Accrued liabilities	145.0	161.6
Payroll Support Program deferred credit	40.8
Liabilities of discontinued operations	28.7	29.9
Total current liabilities	394.3	383.1
Long-term debt	255.1	600.0
Operating lease liabilities	68.0	70.9
Deferred revenue on long-term programs	70.2	88.0
Other liabilities	35.6	34.4
Total noncurrent liabilities	428.9	793.3
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	473.1	478.6
Retained earnings	691.4	706.0
Treasury stock, 9,999,965 and 10,203,437 shares at cost, respectively	(276.1)	(282.7)
Accumulated other comprehensive loss	(43.1)	(44.6)
Total equity	890.6	902.6
Total liabilities and equity	$ 1,713.8	$ 2,079.0