Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2021	May 31, 2021
Current assets:
Cash and cash equivalents	$ 48.8	$ 51.8
Restricted cash	3.8	8.4
Accounts receivable, less allowances of $16.9 and $16.4, respectively	180.8	166.7
Contract assets	74.6	71.9
Inventories	525.8	540.6
Rotable assets and equipment on or available for short-term lease	52.3	50.4
Assets of discontinued operations	19.2	19.5
Prepaid expenses and other current assets	39.6	27.7
Total current assets	944.9	937.0
Property, plant and equipment, net of accumulated depreciation of $270.2 and $260.2 respectively	109.1	120.0
Other assets:
Goodwill and intangible assets, net	122.1	123.8
Operating lease right-of-use assets, net	73.6	75.8
Rotable assets supporting long-term programs	178.0	184.3
Other non-current assets	108.0	98.8
Total other assets	481.7	482.7
Total assets	1,535.7	1,539.7
Current liabilities:
Accounts payable	144.2	127.2
Accrued liabilities	159.8	174.2
Liabilities of discontinued operations	20.2	35.4
Total current liabilities	324.2	336.8
Long-term debt	127.6	133.7
Operating lease liabilities	58.0	59.9
Contract with Customer, Liability, Noncurrent	7.7	5.4
Other liabilities	30.0	29.5
Total noncurrent liabilities	223.3	228.5
Equity:
Preferred stock, $1.00 par value, authorized 250,000 shares; none issued	0.0
Common stock, $1.00 par value, authorized 100,000,000 shares; issued 45,300,786 shares at cost	45.3	45.3
Capital surplus	479.9	479.8
Retained earnings	753.2	741.7
Treasury stock, 9,829,628 and 9,925,551 shares at cost, respectively	(271.6)	(274.1)
Accumulated other comprehensive loss	(18.6)	(18.3)
Total equity	988.2	974.4
Total liabilities and equity	$ 1,535.7	$ 1,539.7