Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2019	May 31, 2019
Current assets:
Cash and cash equivalents	$ 39.9	$ 21.3
Restricted cash	18.1	19.8
Accounts receivable, less allowances of $17.7 and $16.0, respectively	197.3	197.8
Contract assets	62.0	59.2
Inventories	553.6	523.7
Rotable assets and equipment on or available for short-term lease	62.5	65.3
Assets of discontinued operations	41.7	29.2
Other current assets	46.5	36.2
Total current assets	1,021.6	952.5
Property, plant and equipment, net of accumulated depreciation of $235.6 and $231.8 respectively	132.7	132.8
Other assets:
Goodwill	115.8	116.2
Intangible assets, net of accumulated amortization of $16.7 and $30.3, respectively	13.0	22.2
Operating lease right-of-use assets, net	93.0
Rotable assets supporting long-term programs	225.2	216.0
Other non-current assets	81.8	77.5
Total other assets	528.8	431.9
Total assets	1,683.1	1,517.2
Current liabilities:
Accounts payable	212.8	187.8
Accrued liabilities	128.7	140.5
Liabilities of discontinued operations	54.9	29.2
Total current liabilities	396.4	357.5
Long-term debt	202.2	141.7
Operating lease liabilities	74.7
Deferred revenue on long-term contracts	75.6	83.8
Other liabilities	24.7	28.3
Total noncurrent liabilities	377.2	253.8
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	476.0	479.4
Retained earnings	713.8	709.8
Treasury stock, 10,330,470 and 10,512,974 shares at cost, respectively	(284.8)	(287.7)
Accumulated other comprehensive loss	(40.8)	(40.9)
Total equity	909.5	905.9
Total liabilities and equity	$ 1,683.1	$ 1,517.2