Accounts Receivable

9 Months Ended

Feb. 28, 2025

Accounts Receivable

Accounts Receivable

Note 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:

	February 28,		May 31,
	2025		2024
U.S. Government contracts:
Trade receivables	$	32.8	$	34.4
Unbilled receivables		17.1		9.4
		49.9		43.8
All other customers:
Trade receivables		243.2		216.1
Unbilled receivables		19.4		27.3
		262.6		243.4
	$	312.5	$	287.2