Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2022	May 31, 2022
Current assets:
Cash and cash equivalents	$ 49.0	$ 53.5
Restricted cash	2.2	5.4
Accounts receivable, less allowances of $11.2 and $17.9, respectively	225.3	214.0
Contract assets	82.5	73.6
Inventories	595.0	550.5
Rotable assets and equipment on or available for short-term lease	52.3	53.6
Assets of discontinued operations	15.3	16.2
Other current assets	38.7	40.4
Total current assets	1,060.3	1,007.2
Property, plant and equipment, net of accumulated depreciation of $256.8 and $258.3 respectively	113.9	109.6
Other assets:
Goodwill and intangible assets, net	117.6	119.7
Operating lease right-of-use assets, net	67.2	73.0
Rotable assets supporting long-term programs	170.7	166.6
Other non-current assets	117.2	97.8
Total other assets	472.7	457.1
Total assets	1,646.9	1,573.9
Current liabilities:
Accounts payable	156.5	156.4
Accrued liabilities	151.9	174.6
Liabilities of discontinued operations	15.3	17.2
Total current liabilities	323.7	348.2
Long-term debt	197.2	98.9
Operating lease liabilities	51.9	57.4
Deferred tax liabilities	19.7	20.0
Other liabilities	19.1	14.9
Total noncurrent liabilities	287.9	191.2
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	479.0	477.5
Retained earnings	865.6	820.4
Treasury stock, 10,845,669 and 9,909,702 shares at cost, respectively	(331.8)	(289.1)
Accumulated other comprehensive loss	(22.8)	(19.6)
Total equity	1,035.3	1,034.5
Total liabilities and equity	$ 1,646.9	$ 1,573.9