CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2025	May 31, 2024
Current assets:
Cash and cash equivalents	$ 96.5	$ 85.8
Restricted cash	12.7	10.3
Accounts receivable, net	354.8	287.2
Contract assets	140.3	123.2
Inventories	809.2	733.1
Rotable assets and equipment on or available for short-term lease	38.3	81.5
Assets of discontinued operations	6.2	9.9
Prepaid expenses and other current assets	52.6	58.6
Total current assets	1,510.6	1,389.6
Property, plant and equipment, at cost:
Land	9.2	9.5
Buildings and improvements	118.3	118.1
Equipment and furniture and fixtures	309.7	324.1
Property, plant and equipment, gross	437.2	451.7
Accumulated depreciation	(278.7)	(280.0)
Property, plant, and equipment, net	158.5	171.7
Other assets:
Goodwill	530.8	554.8
Intangible assets, net	219.6	235.4
Operating lease right-of-use assets, net	93.3	96.6
Rotable assets supporting long-term programs	172.4	166.3
Other non-current assets	159.4	155.6
Total other assets	1,175.5	1,208.7
Total assets	2,844.6	2,770.0
Current liabilities:
Accounts payable	303.1	238.0
Accrued liabilities	245.8	219.3
Liabilities of discontinued operations	5.8	9.6
Total current liabilities	554.7	466.9
Long-term debt	968.0	985.4
Operating lease liabilities	79.6	80.3
Deferred tax liabilities	18.4	23.9
Other liabilities	12.3	23.7
Total noncurrent liabilities	1,078.3	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	505.2	493.9
Retained earnings	969.4	956.9
Treasury stock, 9,470,781 and 9,606,820 shares at cost, respectively	(302.7)	(297.5)
Accumulated other comprehensive loss	(5.6)	(8.8)
Total equity	1,211.6	1,189.8
Total liabilities and equity	$ 2,844.6	$ 2,770.0