Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2023	May 31, 2023
Current assets:
Cash and cash equivalents	$ 65.1	$ 68.4
Restricted cash	10.4	13.4
Accounts receivable, less allowances of $13.9 and $13.4, respectively	246.4	241.3
Contract assets	99.3	86.9
Inventories	645.9	574.1
Rotable assets and equipment on or available for short-term lease	55.1	50.6
Assets of discontinued operations	11.7	13.5
Prepaid expenses and other current assets	60.5	49.7
Total current assets	1,194.4	1,097.9
Property, plant and equipment, at cost:
Property, plant, and equipment, net of accumulated depreciation of $276.7 and $268.8, respectively	132.6	126.1
Other assets:
Goodwill	176.0	175.8
Intangible assets, net of accumulated amortization of $8.2 and $6.0, respectively	61.5	63.7
Operating lease right-of-use assets, net	90.4	63.7
Rotable assets supporting long-term programs	177.4	178.1
Other non-current assets	133.3	127.8
Total other assets	638.6	609.1
Total assets	1,965.6	1,833.1
Current liabilities:
Accounts payable	209.7	158.5
Accrued liabilities	159.0	179.6
Liabilities of discontinued operations	11.4	13.4
Total current liabilities	380.1	351.5
Long-term debt	275.0	269.7
Operating lease liabilities	73.2	48.2
Deferred tax liabilities	39.8	33.6
Other liabilities	42.0	31.0
Total noncurrent liabilities	430.0	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	485.7	484.5
Retained earnings	933.8	910.6
Treasury stock, 9,798,172 and 10,385,237 shares at cost, respectively	(300.8)	(317.8)
Accumulated other comprehensive loss	(8.5)	(23.5)
Total equity	1,155.5	1,099.1
Total liabilities and equity	$ 1,965.6	$ 1,833.1