Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2021	May 31, 2021
Current assets:
Cash and cash equivalents	$ 42.7	$ 51.8
Restricted cash	3.7	8.4
Accounts receivable, less allowances of $17.8 and $16.4, respectively	192.1	166.7
Contract assets	68.5	71.9
Inventories	531.7	540.6
Rotable assets and equipment on or available for short-term lease	53.9	50.4
Assets of discontinued operations	17.9	19.5
Other current assets	36.2	27.7
Total current assets	946.7	937.0
Property, plant and equipment, net of accumulated depreciation of $254.8 and $260.2 respectively	106.2	120.0
Other assets:
Goodwill and intangible assets, net	120.9	123.8
Operating lease right-of-use assets, net	76.3	75.8
Rotable assets supporting long-term programs	173.6	184.3
Other non-current assets	105.9	98.8
Total other assets	476.7	482.7
Total assets	1,529.6	1,539.7
Current liabilities:
Accounts payable	124.3	127.2
Accrued liabilities	143.1	148.3
Deferred revenue	33.6	25.9
Liabilities of discontinued operations	19.2	35.4
Total current liabilities	320.2	336.8
Long-term debt	103.2	133.7
Operating lease liabilities	60.5	59.9
Other liabilities	38.7	34.9
Total noncurrent liabilities	202.4	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	481.5	479.8
Retained earnings	774.0	741.7
Treasury stock, 9,831,915 and 9,925,551 shares at cost, respectively	(271.6)	(274.1)
Accumulated other comprehensive loss	(22.2)	(18.3)
Total equity	1,007.0	974.4
Total liabilities and equity	$ 1,529.6	$ 1,539.7