Accounts Receivable

6 Months Ended

Nov. 30, 2022

Accounts Receivable.

Accounts Receivable

Note 4 – Accounts Receivable

Financial instruments that potentially subject us to concentrations of market or credit risk consist principally of trade receivables. While our trade receivables are diverse and represent a number of entities and geographic regions, the majority are with the U.S. government and its contractors and entities in the aviation industry. The composition of our accounts receivable is as follows:

	November 30,		May 31,
	2022		2022
U.S. Government contracts:
Trade receivables	$	21.6	$	31.6
Unbilled receivables		32.1		25.9
		53.7		57.5
All other customers:
Trade receivables		155.1		136.8
Unbilled receivables		16.5		19.7
		171.6		156.5
	$	225.3	$	214.0