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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2025
May 31, 2025
Current assets:    
Cash and cash equivalents $ 78.3 $ 38.0
Restricted cash 0.0 54.9
Receivables, less allowances of $0.4 and $3.8, respectively 490.3 438.7
Inventories:    
Raw materials 215.1 179.4
Work in process 169.5 165.6
Finished products 93.9 77.0
Total inventories 478.5 422.0
Income taxes receivable 1.6 0.1
Assets held for sale 11.2 11.5
Prepaid expenses and other current assets 88.6 83.3
Total current assets 1,148.5 1,048.5
Investment in unconsolidated affiliate 133.0 126.6
Operating lease right-of-use assets 87.3 72.6
Finance lease right-of-use assets, net of accumulated amortization of $0.5 and $-, respectively 8.4 0.0
Goodwill 101.7 79.6
Other intangible assets, net of accumulated amortization of $52.4 and $50.3, respectively 90.0 67.9
Deferred income taxes 10.4 11.4
Other assets 8.0 7.0
Property, plant and equipment:    
Land 44.2 38.6
Buildings and improvements 217.8 190.4
Machinery and equipment 1,015.6 942.6
Construction in progress 151.7 132.7
Total property, plant and equipment 1,429.3 1,304.3
Less: accumulated depreciation 773.3 756.1
Total property, plant and equipment, net 656.0 548.2
Total assets 2,243.3 1,961.8
Current liabilities:    
Accounts payable 385.7 402.5
Short-term borrowings 160.0 149.2
Accrued compensation, contributions to employee benefit plans and related taxes 54.8 43.0
Dividends payable 9.1 9.3
Other accrued items 24.2 15.3
Current operating lease liabilities 10.6 7.7
Current finance lease liabilities 2.4 0.0
Income taxes payable 16.5 4.5
Current maturities of long-term debt 30.3 0.0
Total current liabilities 693.6 631.5
Other liabilities 48.8 32.8
Long-term debt 43.1 2.3
Noncurrent operating lease liabilities 80.9 68.7
Noncurrent finance lease liabilities 6.0 0.0
Deferred income taxes, net 40.0 28.6
Total liabilities 912.4 763.9
Mezzanine equity:    
Redeemable noncontrolling interest (Redeemable NCI) 97.7 0.0
Total mezzanine equity 97.7 0.0
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; no shares issued or outstanding
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding - 49,635,244 shares and 49,548,895 shares, respectively 0.0 0.0
Additional Paid-in Capital (APIC) 915.3 913.9
Retained Earnings 192.5 164.2
Accumulated other comprehensive loss, net of taxes of $(2.0) and $(2.0), respectively (2.9) (4.0)
Total Shareholders' equity - controlling interest 1,104.9 1,074.1
Noncontrolling interests (NCI) 128.3 123.8
Total equity 1,233.2 1,197.9
Total liabilities, mezzanine equity, and equity $ 2,243.3 $ 1,961.8