Note 5 — Inventory

The summary of inventories is as follows:

	August 31,		May 31,
	2015		2015
Raw materials and parts	$	40.7	$	43.1
Work-in-process	18.9		18.1
Aircraft and engine parts, components and finished goods	363.1		337.0
Aircraft held for sale and related support parts	55.9		57.8

	$	478.6	$	456.0

We had ten aircraft held for sale comprised of five fixed-wing and five rotary-wing aircraft at August 31, 2015 and eleven aircraft held for sale comprised of five fixed-wing and six rotary-wing aircraft at May 31, 2015. During the fourth quarter of fiscal 2015, we entered into a sale-leaseback transaction for our two S-92 rotary-wing aircraft. We received proceeds of $40.3 million in fiscal 2015 which have been deferred as a sale-leaseback advance pending completion of the sale transaction, which is expected to occur in fiscal 2016.