CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2022	May 31, 2021
Current assets:
Cash and cash equivalents	$ 53.5	$ 51.8
Restricted cash	5.4	8.4
Accounts receivable, net	214.0	166.7
Contract assets	73.6	71.9
Inventories	550.5	540.6
Rotable assets and equipment on or available for short-term lease	53.6	50.4
Assets of discontinued operations	16.2	19.5
Prepaid expenses and other current assets	40.4	27.7
Total current assets	1,007.2	937.0
Property, plant and equipment, at cost:
Land	3.3	3.3
Buildings and improvements	94.7	114.7
Equipment and furniture and fixtures	269.9	262.2
Property, plant and equipment, gross	367.9	380.2
Accumulated depreciation	(258.3)	(260.2)
Property, plant and equipment, net	109.6	120.0
Other assets:
Goodwill and intangible assets, net	119.7	123.8
Operating lease right-of-use assets, net	73.0	75.8
Rotable assets supporting long-term programs	166.6	184.3
Other non-current assets	97.8	98.8
Total other assets	457.1	482.7
Total assets	1,573.9	1,539.7
Current liabilities:
Accounts payable	156.4	127.2
Accrued liabilities	174.6	174.2
Liabilities of discontinued operations	17.2	35.4
Total current liabilities	348.2	336.8
Long-term debt	98.9	133.7
Operating lease liabilities	57.4	59.9
Deferred tax liabilities	20.0	9.5
Other liabilities	14.9	25.4
Total noncurrent liabilities	191.2	228.5
Equity:
Preferred stock, $1.00 par value, authorized 250,000 shares; none issued
Common stock, $1.00 par value, authorized 100,000,000 shares; issued 45,300,786 shares at cost	45.3	45.3
Capital surplus	477.5	479.8
Retained earnings	820.4	741.7
Treasury stock, 9,909,702 and 9,925,551 shares at cost, respectively	(289.1)	(274.1)
Accumulated other comprehensive loss	(19.6)	(18.3)
Total equity	1,034.5	974.4
Total liabilities and equity	$ 1,573.9	$ 1,539.7