Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 70.3	$ 68.4
Restricted cash	19.9	13.4
Accounts receivable, less allowances of $14.1 and $13.4, respectively	280.6	241.3
Contract assets	99.3	86.9
Inventories	614.2	574.1
Rotable assets and equipment on or available for short-term lease	51.7	50.6
Assets of discontinued operations	12.6	13.5
Prepaid expenses and other current assets	58.6	49.7
Total current assets	1,207.2	1,097.9
Property, plant and equipment, at cost:
Property, plant, and equipment, net of accumulated depreciation of $272.8 and $268.8 respectively	131.0	126.1
Other assets:
Goodwill	177.4	175.8
Intangible assets, net of accumulated amortization of $7.1 and $6.0, respectively	62.6	63.7
Operating lease right-of-use assets, net	67.3	63.7
Rotable assets supporting long-term programs	176.8	178.1
Other non-current assets	132.1	127.8
Total other assets	616.2	609.1
Total assets	1,954.4	1,833.1
Current liabilities:
Accounts payable	222.2	158.5
Accrued liabilities	158.9	179.6
Liabilities of discontinued operations	12.4	13.4
Total current liabilities	393.5	351.5
Long-term debt	304.8	269.7
Operating lease liabilities	51.5	48.2
Deferred tax liabilities	39.7	33.6
Other liabilities	43.0	31.0
Total noncurrent liabilities	439.0	382.5
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	481.8	484.5
Retained earnings	910.0	910.6
Treasury stock, 10,005,789 and 10,385,237 shares at cost, respectively	(307.1)	(317.8)
Accumulated other comprehensive loss	(8.1)	(23.5)
Total equity	1,121.9	1,099.1
Total liabilities and equity	$ 1,954.4	$ 1,833.1