Consolidated and Combined Balance Sheets - USD ($) $ in Millions	Feb. 29, 2024	May 31, 2023
Current assets:
Cash and cash equivalents	$ 60.8	$ 32.7
Receivables, less allowances of $1.8 and $2.6 at February 29, 2024 and May 31, 2023, respectively	468.8	468.0
Inventories:
Raw materials	157.1	173.9
Work in process	175.8	164.1
Finished products	75.3	76.8
Total inventories	408.2	414.8
Income taxes receivable	6.2	4.3
Assets held for sale	1.8	3.4
Prepaid expenses and other current assets	77.1	57.7
Total current assets	1,022.9	980.9
Investment in unconsolidated affiliate	130.3	114.6
Operating lease assets	72.2	75.3
Goodwill	79.7	78.6
Other intangible assets, net of accumulated amortization of $43.7 and $38.9 at February 29, 2024 and May 31, 2023, respectively	78.6	83.4
Deferred income taxes	5.8	6.3
Other assets	12.1	10.9
Property, plant and equipment:
Land	39.1	37.6
Buildings and improvements	176.8	168.6
Machinery and equipment	892.2	847.5
Construction in progress	48.9	20.3
Total property, plant and equipment	1,157.0	1,074.0
Less: accumulated depreciation	709.6	659.6
Total property, plant and equipment, net	447.4	414.4
Total assets	1,849.0	1,764.4
Current liabilities:
Accounts payable	407.3	402.2
Short-term borrowings	147.2	2.8
Accrued compensation, contributions to employee benefit plans and related taxes	46.7	31.9
Dividends payable	8.5	0.0
Other accrued items	15.3	15.6
Current operating lease liabilities	6.7	5.9
Income taxes payable	13.7	0.0
Current maturities of long-term debt due to Former Parent	0.0	20.0
Total current liabilities	645.4	478.4
Other liabilities	38.2	33.6
Noncurrent operating lease liabilities	68.4	71.7
Deferred income taxes, net	26.7	26.1
Total liabilities	778.7	609.8
Preferred shares, without par value; authorized - 1,000,000 shares February 29, 2024 and no shares at May 31, 2023; no shares issued or outstanding
Common shares, without par value; authorized - 150,000,000 shares at February 29, 2024; issued and outstanding 49,294,494 shares and 100 shares at February 29, 2024 and May 31, 2023, respectively
Additional Paid-in Capital	903.0	0.0
Retained Earnings	40.9	0.0
Net Investment by the Former Parent	0.0	1,031.1
Accumulated other comprehensive income (loss), net of taxes of $(1.5) and $(2.6) at February 29, 2024 and May 31, 2023, respectively	(6.3)	(2.1)
Total Shareholders' equity - controlling interest	937.6	1,029.0
Noncontrolling interests	132.7	125.6
Total equity	1,070.3	1,154.6
Total liabilities and equity	$ 1,849.0	$ 1,764.4