Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2024	May 31, 2024
Current assets:
Cash and cash equivalents	$ 49.3	$ 85.8
Restricted cash	13.8	10.3
Accounts receivable, less allowances of $14.3 and $14.1, respectively	310.9	287.2
Contract assets	147.9	123.2
Inventories	748.2	733.1
Rotable assets and equipment on or available for short-term lease	70.4	81.5
Assets of discontinued operations	9.0	9.9
Prepaid expenses and other current assets	77.4	58.6
Total current assets	1,426.9	1,389.6
Property, plant and equipment, at cost:
Property, plant, and equipment, net of accumulated depreciation of $285.9 and $280.0, respectively	161.5	171.7
Other assets:
Goodwill	552.6	554.8
Intangible assets, net of accumulated amortization of $17.4 and $13.3, respectively	231.3	235.4
Rotable assets supporting long-term programs	170.8	166.3
Operating lease right-of-use assets, net	93.4	96.6
Other non-current assets	146.8	155.6
Total other assets	1,194.9	1,208.7
Total assets	2,783.3	2,770.0
Current liabilities:
Accounts payable	257.5	238.0
Accrued liabilities	200.8	219.3
Liabilities of discontinued operations	8.6	9.6
Total current liabilities	466.9	466.9
Long-term debt	981.0	985.4
Operating lease liabilities	78.9	80.3
Deferred tax liabilities	24.0	23.9
Other liabilities	22.3	23.7
Total noncurrent liabilities	1,106.2	1,113.3
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 45,300,786 shares at cost	45.3	45.3
Capital surplus	490.4	493.9
Retained earnings	974.9	956.9
Treasury stock, 9,393,100 and 9,606,820 shares at cost, respectively	(293.1)	(297.5)
Accumulated other comprehensive loss	(7.3)	(8.8)
Total equity	1,210.2	1,189.8
Total liabilities and equity	$ 2,783.3	$ 2,770.0