CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2024	May 31, 2023
Current assets:
Cash and cash equivalents	$ 85.8	$ 68.4
Restricted cash	10.3	13.4
Accounts receivable, net	287.2	241.3
Contract assets	123.2	86.9
Inventories	733.1	574.1
Rotable assets and equipment on or available for short-term lease	81.5	50.6
Assets of discontinued operations	9.9	13.5
Prepaid expenses and other current assets	58.6	49.7
Total current assets	1,389.6	1,097.9
Property, plant and equipment, at cost:
Land	9.5	3.3
Buildings and improvements	118.1	95.9
Equipment and furniture and fixtures	324.1	295.7
Property, plant and equipment, gross	451.7	394.9
Accumulated depreciation	(280.0)	(268.8)
Property, plant, and equipment	171.7	126.1
Other assets:
Goodwill	554.8	175.8
Intangible assets, net	235.4	63.7
Operating lease right-of-use assets, net	96.6	63.7
Rotable assets supporting long-term programs	166.3	178.1
Other non-current assets	155.6	127.8
Total other assets	1,208.7	609.1
Total assets	2,770.0	1,833.1
Current liabilities:
Accounts payable	238.0	158.5
Accrued liabilities	219.3	179.6
Liabilities of discontinued operations	9.6	13.4
Total current liabilities	466.9	351.5
Long-term debt	985.4	269.7
Operating lease liabilities	80.3	48.2
Deferred tax liabilities	23.9	33.6
Other liabilities	23.7	31.0
Total noncurrent liabilities	1,113.3	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	493.9	484.5
Retained earnings	956.9	910.6
Treasury stock, 9,606,820 and 10,385,237 shares at cost, respectively	(297.5)	(317.8)
Accumulated other comprehensive loss	(8.8)	(23.5)
Total equity	1,189.8	1,099.1
Total liabilities and equity	$ 2,770.0	$ 1,833.1