Revenue Recognition (Tables)

6 Months Ended

Nov. 30, 2020

Revenue Recognition

Schedule of net contract assets and liabilities

	November 30,		May 31,
	2020		2020		Change
Contract assets – current	$	52.8	$	49.3	$	3.5
Contract assets – non-current		24.1		22.4		1.7
Contract liabilities:
Deferred revenue – current		(18.1)		(11.2)		(6.9)
Deferred revenue on long-term contracts		(30.3)		(88.0)		57.7
Net contract assets (liabilities)	$	28.5	$	(27.5)	$	56.0

Schedule of changes in deferred revenue after adoption of ASC 606

	Three Months Ended				Six Months Ended
	November 30,				November 30,
	2020		2019		2020		2019
Deferred revenue at beginning of period	$	(85.4)	$	(86.3)	$	(99.2)	$	(96.4)
Revenue deferred		(50.8)		(153.7)		(123.0)		(240.3)
Revenue recognized		87.6		103.3		176.1		204.3
Other		0.2		2.9		(2.3)		(1.4)
Deferred revenue at end of period	$	(48.4)	$	(133.8)	$	(48.4)	$	(133.8)

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

	Three Months Ended				Six Months Ended
	November 30,				November 30,
	2020		2019		2020		2019
Aviation Services:
Commercial	$	192.2	$	369.6	$	361.8	$	700.1
Government and defense		192.8		162.4		386.8		343.7
	$	385.0	$	532.0	$	748.6	$	1,043.8
Expeditionary Services:
Commercial	$	2.0	$	6.4	$	7.7	$	12.1
Government and defense		16.6		22.5		48.1		46.5
	$	18.6	$	28.9	$	55.8	$	58.6

Schedule of sales by geographic region

	Three Months Ended				Six Months Ended
	November 30,				November 30,
	2020		2019		2020		2019
Aviation Services:
North America	$	314.1	$	395.6	$	608.9	$	786.0
Europe/Africa		45.7		99.8		96.7		188.0
Other		25.2		36.6		43.0		69.8
	$	385.0	$	532.0	$	748.6	$	1,043.8
Expeditionary Services:
North America	$	18.4	$	26.4	$	53.3	$	54.6
Europe/Africa		0.2		2.2		2.4		3.6
Other		—		0.3		0.1		0.4
	$	18.6	$	28.9	$	55.8	$	58.6