Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 28, 2021	May 31, 2020
Current assets:
Cash and cash equivalents	$ 99.2	$ 404.7
Restricted cash	13.4	20.0
Accounts receivable, less allowances of $16.9 and $22.1, respectively	186.8	171.9
Contract assets	62.1	49.3
Inventories	564.2	623.1
Rotable assets and equipment on or available for short-term lease	52.0	69.6
Assets of discontinued operations	20.3	22.9
Other current assets	30.4	77.2
Total current assets	1,028.4	1,438.7
Property, plant and equipment, net of accumulated depreciation of $253.0 and $246.5 respectively	123.6	135.7
Other assets:
Goodwill and intangible assets, net	123.2	121.7
Operating lease right-of-use assets, net	76.9	89.7
Rotable assets supporting long-term programs	192.3	211.7
Other non-current assets	98.4	81.5
Total other assets	490.8	504.6
Total assets	1,642.8	2,079.0
Current liabilities:
Accounts payable	182.6	191.6
Accrued liabilities	168.8	161.6
Liabilities of discontinued operations	36.3	29.9
Total current liabilities	387.7	383.1
Long-term debt	206.0	600.0
Operating lease liabilities	60.8	70.9
Deferred revenue on long-term programs	18.5	88.0
Other liabilities	37.4	34.4
Total noncurrent liabilities	322.7	793.3
Equity:
Common stock, $1.00 par value, authorized 100,000,000 shares; issued 45,300,786 shares at cost	45.3	45.3
Capital surplus	477.4	478.6
Retained earnings	727.7	706.0
Treasury stock, 9,981,298 and 10,203,437 shares at cost, respectively	(275.6)	(282.7)
Accumulated other comprehensive loss	(42.4)	(44.6)
Total equity	932.4	902.6
Total liabilities and equity	$ 1,642.8	$ 2,079.0