Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 28, 2022	May 31, 2021
Current assets:
Cash and cash equivalents	$ 40.6	$ 51.8
Restricted cash	2.4	8.4
Accounts receivable, less allowances of $17.5 and $16.4, respectively	209.3	166.7
Contract assets	68.8	71.9
Inventories	535.2	540.6
Rotable assets and equipment on or available for short-term lease	53.6	50.4
Assets of discontinued operations	17.0	19.5
Other current assets	50.3	27.7
Total current assets	977.2	937.0
Property, plant and equipment, net of accumulated depreciation of $258.4 and $260.2 respectively	106.9	120.0
Other assets:
Goodwill and intangible assets, net	121.0	123.8
Operating lease right-of-use assets, net	73.2	75.8
Rotable assets supporting long-term programs	171.1	184.3
Other non-current assets	102.6	98.8
Total other assets	467.9	482.7
Total assets	1,552.0	1,539.7
Current liabilities:
Accounts payable	140.8	127.2
Accrued liabilities	157.4	148.3
Deferred revenue	26.8	25.9
Liabilities of discontinued operations	18.1	35.4
Total current liabilities	343.1	336.8
Long-term debt	103.3	133.7
Operating lease liabilities	57.9	59.9
Other liabilities	30.0	34.9
Total noncurrent liabilities	191.2	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	481.4	479.8
Retained earnings	796.5	741.7
Treasury stock, 10,104,109 and 9,925,551 shares at cost, respectively	(285.4)	(274.1)
Accumulated other comprehensive loss	(20.1)	(18.3)
Total equity	1,017.7	974.4
Total liabilities and equity	$ 1,552.0	$ 1,539.7