Inventories

9 Months Ended

Feb. 28, 2022

Inventories

Inventories

Note 8 – Inventories

The summary of inventories is as follows:

	February 28,		May 31,
	2022		2021
Aircraft and engine parts, components and finished goods	$	451.0	$	468.4
Raw materials and parts		61.4		53.0
Work-in-process		22.8		19.2
	$	535.2	$	540.6

During the three-month period ended November 30, 2020, we decided to exit a product line in our engineering operations and recognized a $1.2 million charge to reserve against the remaining inventory.