Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2024	May 31, 2024
Current assets:
Cash and cash equivalents	$ 61.7	$ 85.8
Restricted cash	20.8	10.3
Accounts receivable, less allowances of $11.5 and $14.1, respectively	320.4	287.2
Contract assets	150.2	123.2
Inventories	790.0	733.1
Rotable assets and equipment on or available for short-term lease	65.5	81.5
Assets of discontinued operations	8.0	9.9
Prepaid expenses and other current assets	81.4	58.6
Total current assets	1,498.0	1,389.6
Property, plant and equipment, at cost:
Property, plant, and equipment, net of accumulated depreciation of $289.8 and $280.0, respectively	167.0	171.7
Other assets:
Goodwill	543.2	554.8
Intangible assets, net of accumulated amortization of $21.4 and $13.3, respectively	227.3	235.4
Rotable assets supporting long-term programs	174.0	166.3
Operating lease right-of-use assets, net	90.5	96.6
Other non-current assets	149.3	155.6
Total other assets	1,184.3	1,208.7
Total assets	2,849.3	2,770.0
Current liabilities:
Accounts payable	291.8	238.0
Accrued liabilities	258.8	219.3
Liabilities of discontinued operations	7.7	9.6
Total current liabilities	558.3	466.9
Long-term debt	986.7	985.4
Operating lease liabilities	78.0	80.3
Deferred tax liabilities	23.5	23.9
Other liabilities	21.2	23.7
Total noncurrent liabilities	1,109.4	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	495.5	493.9
Retained earnings	944.3	956.9
Treasury stock, 9,386,137 and 9,606,820 shares at cost, respectively	(292.9)	(297.5)
Accumulated other comprehensive loss	(10.6)	(8.8)
Total equity	1,181.6	1,189.8
Total liabilities and equity	$ 2,849.3	$ 2,770.0