Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 28, 2023	May 31, 2022
Current assets:
Cash and cash equivalents	$ 52.7	$ 53.5
Restricted cash	1.4	5.4
Accounts receivable, less allowances of $12.9 and $17.9, respectively	237.7	214.0
Contract assets	91.7	73.6
Inventories	570.7	550.5
Rotable assets and equipment on or available for short-term lease	51.7	53.6
Assets of discontinued operations	14.4	16.2
Other current assets	47.5	40.4
Total current assets	1,067.8	1,007.2
Property, plant and equipment, net of accumulated depreciation of $261.1 and $258.3, respectively	119.8	109.6
Other assets:
Goodwill and intangible assets, net	117.7	119.7
Operating lease right-of-use assets, net	67.6	73.0
Rotable assets supporting long-term programs	173.8	166.6
Other non-current assets	126.6	97.8
Total other assets	485.7	457.1
Total assets	1,673.3	1,573.9
Current liabilities:
Accounts payable	158.7	156.4
Accrued liabilities	158.5	174.6
Liabilities of discontinued operations	14.4	17.2
Total current liabilities	331.6	348.2
Long-term debt	185.6	98.9
Operating lease liabilities	52.0	57.4
Deferred tax liabilities	14.2	20.0
Other liabilities	22.2	14.9
Total noncurrent liabilities	274.0	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	481.2	477.5
Retained earnings	887.4	820.4
Treasury stock, 10,593,973 and 9,909,702 shares at cost, respectively	(324.2)	(289.1)
Accumulated other comprehensive loss	(22.0)	(19.6)
Total equity	1,067.7	1,034.5
Total liabilities and equity	$ 1,673.3	$ 1,573.9