XML 54 R39.htm IDEA: XBRL DOCUMENT v3.24.3
Revenue Recognition - Contract Assets, Liabilities and Performance Obligations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
May 31, 2024
Contract assets and liabilities      
Contract assets - current $ 147.9   $ 123.2
Contract assets - non-current 23.1   24.6
Contract liabilities:      
Deferred revenue - current (22.3)   (14.7)
Deferred revenue on long-term contracts (5.9)   (7.2)
Net contract assets 142.8   125.9
Change in contract assets - current 24.7    
Change in contract assets - non-current (1.5)    
Change in deferred revenue - current (7.6)    
Change in deferred revenue on long-term contracts 1.3    
Change in net contract assets 16.9    
Change in contract assets and revenue 24.5 $ 12.3  
Accounts receivable, net 310.9   287.2
Changes in deferred revenue      
Deferred revenue at beginning of period (21.9) (32.4) (32.4)
Revenue deferred (84.4) (66.8)  
Revenue recognized 74.2 61.1  
Other 3.9 1.0  
Deferred revenue at end of period (28.2) $ (37.1) (21.9)
Remaining Performance Obligations      
Remaining performance obligation $ 725.0    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-03-01      
Remaining Performance Obligations      
Remaining performance obligation (as a percent) 65.00%    
Expected timing of satisfaction of remaining performance obligation 12 months    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-01      
Remaining Performance Obligations      
Remaining performance obligation (as a percent) 25.00%    
Expected timing of satisfaction of remaining performance obligation 12 months    
Air Line Customers | Termination Of Power By The Hour Program      
Contract liabilities:      
Termination charge     4.8
Change in contract assets and revenue     7.8
Change in contract revenue     7.5
Repair reserves     2.5
Obligation to purchase the rotable assets     5.5
Asset purchase obligation of purchase price     $ 20.9
Accounts receivable, net $ 13.2    
Contract assets with customer 11.2    
Air Line Customers | Termination Of Power By The Hour Program | Past Due      
Contract liabilities:      
Accounts receivable, net 6.8    
U.S. Government Customer | Next Generation Pallet Contract      
Contract liabilities:      
Contract assets with customer 9.5    
Equipment and inventory expensed $ 12.7