Accounts Receivable

9 Months Ended

Feb. 28, 2026

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:

	February 28,		May 31,
	2026		2025
U.S. Government contracts:
Trade receivables	$	42.7	$	26.6
Unbilled receivables		6.0		13.4
		48.7		40.0
All other customers:
Trade receivables		346.5		283.4
Unbilled receivables		31.0		31.4
		377.5		314.8
	$	426.2	$	354.8