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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Nov. 30, 2019
May 31, 2019
Nov. 30, 2018
Current Assets:      
Cash and cash equivalents $ 277.8 $ 334.1 $ 358.1
Accounts receivable, net 325.1 250.1 377.3
Inventories, net 357.8 323.7 365.6
Prepaid expenses and other current assets 61.9 52.7 71.3
Total current assets 1,022.6 960.6 1,172.3
Property, plant and equipment, net 578.5 577.7 571.3
Prepublication costs 71.3 70.2 62.1
Operating lease right-of-use assets, net 76.4    
Royalty advances, net 52.3 47.5 48.9
Goodwill 125.4 125.2 119.1
Noncurrent deferred income taxes 37.3 37.0 41.4
Other assets and deferred charges 67.9 60.3 66.8
Total noncurrent assets 1,009.1 917.9 909.6
Total assets 2,031.7 1,878.5 2,081.9
Current Liabilities:      
Lines of credit, short-term debt and current portion of long-term debt 13.5 7.3 13.5
Accounts payable 188.9 195.3 250.3
Accrued royalties 54.7 41.9 58.5
Deferred revenue 190.5 130.8 187.2
Other accrued expenses 178.2 164.8 227.8
Accrued income taxes 1.4 1.4 2.1
Operating lease liabilities 23.5    
Total current liabilities 650.7 541.5 739.4
Noncurrent Liabilities:      
Total long-term debt 2.6 0.0 0.0
Operating lease liabilities 56.0    
Other noncurrent liabilities 61.1 64.2 57.9
Total noncurrent liabilities 119.7 64.2 57.9
Commitments and Contingencies
Stockholders’ Equity:      
Preferred Stock, $1.00 par value 0.0 0.0 0.0
Common Stock, value 0.4 0.4 0.4
Additional paid-in capital 621.3 620.8 617.9
Accumulated other comprehensive income (loss) (57.4) (59.7) (56.5)
Retained earnings 1,014.7 1,012.6 1,018.4
Treasury stock at cost (319.0) (302.6) (295.6)
Total stockholders’ equity 1,260.0 1,271.5 1,284.6
Noncontrolling interest 1.3 1.3 0.0
Total liabilities and stockholders’ equity 1,261.3 1,272.8 1,284.6
Total liabilities and stockholders’ equity 2,031.7 1,878.5 2,081.9
Common Class A      
Stockholders’ Equity:      
Common Stock, value $ 0.0 $ 0.0 $ 0.0