Accounts Receivable

9 Months Ended

Feb. 29, 2024

Accounts Receivable

Accounts Receivable

Note 5 – 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:

	February 29,		May 31,
	2024		2023
U.S. Government contracts:
Trade receivables	$	13.5	$	13.1
Unbilled receivables		12.5		18.9
		26.0		32.0
All other customers:
Trade receivables		206.5		179.7
Unbilled receivables		24.6		29.6
		231.1		209.3
	$	257.1	$	241.3