Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2020	May 31, 2020
Current assets:
Cash and cash equivalents	$ 110.0	$ 404.7
Restricted cash	3.0	20.0
Accounts receivable, less allowances of $19.4 and $22.1, respectively	169.8	171.9
Contract assets	52.8	49.3
Inventories	585.0	623.1
Rotable assets and equipment on or available for short-term lease	59.4	69.6
Assets of discontinued operations	21.2	22.9
Other current assets	40.5	77.2
Total current assets	1,041.7	1,438.7
Property, plant and equipment, net of accumulated depreciation of $248.4 and $246.5 respectively	125.0	135.7
Other assets:
Goodwill and intangible assets, net	122.6	121.7
Operating lease right-of-use assets, net	83.3	89.7
Rotable assets supporting long-term programs	200.5	211.7
Other non-current assets	96.2	81.5
Total other assets	502.6	504.6
Total assets	1,669.3	2,079.0
Current liabilities:
Accounts payable	198.3	191.6
Accrued liabilities	153.1	161.6
Payroll Support Program deferred credit	23.6
Liabilities of discontinued operations	33.2	29.9
Total current liabilities	408.2	383.1
Long-term debt	220.3	600.0
Operating lease liabilities	66.0	70.9
Deferred revenue on long-term programs	30.3	88.0
Other liabilities	43.8	34.4
Total noncurrent liabilities	360.4	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	475.1	478.6
Retained earnings	699.6	706.0
Treasury stock, 10,008,450 and 10,203,437 shares at cost, respectively	(276.3)	(282.7)
Accumulated other comprehensive loss	(43.0)	(44.6)
Total equity	900.7	902.6
Total liabilities and equity	$ 1,669.3	$ 2,079.0