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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 28, 2026
May 31, 2025
Current assets:    
Cash and cash equivalents $ 78.5 $ 96.5
Restricted cash 21.6 12.7
Accounts receivable, less allowances of $13.3 and $10.7, respectively 426.2 354.8
Contract assets 142.3 140.3
Inventories 958.2 809.2
Prepaid expenses and other current assets 136.9 97.1
Total current assets 1,763.7 1,510.6
Property, plant, and equipment, net of accumulated depreciation of $274.7 and $278.7, respectively 163.2 158.5
Other assets:    
Goodwill 552.3 530.8
Intangible assets, net of accumulated amortization of $46.7 and $29.5, respectively 288.6 219.6
Rotable assets supporting long-term programs 188.0 172.4
Lease right-of-use assets, net 192.8 93.3
Other non-current assets 183.9 159.4
Total other assets 1,405.6 1,175.5
Total assets 3,332.5 2,844.6
Current liabilities:    
Accounts payable 324.0 303.1
Accrued liabilities 329.0 251.6
Total current liabilities 653.0 554.7
Long-term debt 888.3 968.0
Lease liabilities 91.4 79.6
Deferred tax liabilities 18.0 18.4
Other liabilities 38.4 12.3
Total noncurrent liabilities 1,036.1 1,078.3
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 48,750,786 and 45,300,786 shares at cost, respectively 48.8 45.3
Capital surplus 784.5 505.2
Retained earnings 1,106.4 969.4
Treasury stock, 8,986,518 and 9,470,781 shares at cost, respectively (291.6) (302.7)
Accumulated other comprehensive loss (4.7) (5.6)
Total equity 1,643.4 1,211.6
Total liabilities and equity $ 3,332.5 $ 2,844.6