Accounts Receivable

3 Months Ended

Aug. 31, 2025

Accounts Receivable

Accounts Receivable

6. 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:

	August 31,		May 31,
	2025		2025
U.S. Government contracts:
Trade receivables	$	32.6	$	26.6
Unbilled receivables		9.1		13.4
		41.7		40.0
All other customers:
Trade receivables		299.4		283.4
Unbilled receivables		22.4		31.4
		321.8		314.8
	$	363.5	$	354.8