Consolidated Balance Sheets - USD ($) $ in Millions	May 31, 2022	May 31, 2021
Current Assets:
Cash and cash equivalents	$ 316.6	$ 366.5
Accounts receivable, net	299.4	256.1
Inventories, net	281.4	269.7
Income tax receivable	26.8	88.8
Prepaid expenses and other current assets	68.1	47.2
Assets held for sale	3.7	0.0
Total current assets	996.0	1,028.3
Noncurrent Assets:
Property, plant and equipment, net	517.0	556.9
Prepublication costs, net	55.5	65.7
Operating lease right-of-use assets, net	81.9	78.6
Royalty advances, net	49.2	43.8
Goodwill	125.3	126.3
Noncurrent deferred income taxes	21.5	25.4
Other assets and deferred charges	94.4	83.3
Total noncurrent assets	944.8	980.0
Total assets	1,940.8	2,008.3
Current Liabilities:
Lines of credit and current portion of long-term debt	6.5	182.9
Accounts payable	162.3	138.0
Accrued royalties	61.3	45.5
Deferred revenue	172.8	99.1
Other accrued expenses	193.3	202.0
Accrued income taxes	2.7	3.0
Operating lease liabilities	20.8	25.0
Total current liabilities	619.7	695.5
Noncurrent Liabilities:
Long-term debt	0.0	7.3
Operating lease liabilities	69.8	67.4
Other noncurrent liabilities	32.9	55.8
Total noncurrent liabilities	102.7	130.5
Commitments and Contingencies:	0.0	0.0
Stockholders’ Equity:
Preferred Stock,$1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none	0.0	0.0
Additional paid-in capital	627.0	626.5
Accumulated other comprehensive income (loss)	(45.4)	(34.7)
Retained earnings	976.5	916.4
#REF!	(341.5)	(327.8)
Total stockholders' equity of Scholastic Corporation	1,217.0	1,180.8
Noncontrolling interest	1.4	1.5
Total stockholders’ equity	1,218.4	1,182.3
Total liabilities and stockholders’ equity	$ 1,940.8	$ 2,008.3
Treasury stock (in shares)	10,400,000	10,200,000
Preferred stock, par value per share (in dollars per share)	$ 1.00	$ 1.00
Authorized	2,000,000.0	2,000,000.0
Outstanding	0	0
Preferred stock issued (in shares)	0	0
Class A Stock
Stockholders’ Equity:
Common Stock	$ 0.0	$ 0.0
Common Stock, shares outstanding (in shares)	1,656,200	1,700,000
Common Stock, shares issued	1,700,000	1,700,000
Common Stock, shares authorized (in shares)	4,000,000	4,000,000.0
Common Stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common Stock
Stockholders’ Equity:
Common Stock	$ 0.4	$ 0.4
Common Stock, shares outstanding (in shares)	32,469,019	32,700,000
Common Stock, shares issued	42,900,000	42,900,000
Common Stock, shares authorized (in shares)	70,000,000.0	70,000,000.0
Common Stock, par value per share (in dollars per share)	$ 0.01	$ 0.01