Accounts Receivable

3 Months Ended

Aug. 31, 2024

Accounts Receivable

Accounts Receivable

5. 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,
	2024		2024
U.S. Government contracts:
Trade receivables	$	31.8	$	34.4
Unbilled receivables		13.7		9.4
		45.5		43.8
All other customers:
Trade receivables		246.3		216.1
Unbilled receivables		19.1		27.3
		265.4		243.4
	$	310.9	$	287.2