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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2015
May. 31, 2015
Current assets:    
Cash and cash equivalents $ 28.7 $ 54.7
Accounts receivable, less allowances of $4.4 and $5.8, respectively 270.6 229.0
Inventories 478.6 456.0
Rotable spares and equipment on or available for short-term lease 111.6 110.7
Assets of discontinued operations 12.2 17.0
Deposits, prepaids and other 37.3 28.4
Deferred tax assets 58.3 58.3
Total current assets 997.3 954.1
Property, plant and equipment, net of accumulated depreciation of $409.0 and $398.5, respectively 214.4 214.8
Other assets:    
Goodwill 123.6 123.5
Intangible assets, net of accumulated amortization of $23.7 and $22.5, respectively 36.2 36.7
Equipment on or available for long-term lease 82.1 80.2
Investment in joint ventures 17.4 20.5
Other 76.2 85.2
Total other assets 335.5 346.1
Total assets 1,547.2 1,515.0
Current liabilities:    
Current maturities of long-term debt 44.5 69.0
Accounts and trade notes payable 151.8 142.3
Accrued liabilities 181.8 200.7
Total current liabilities 378.1 412.0
Long-term debt, less current maturities 135.0 85.0
Deferred tax liabilities 101.1 104.6
Other liabilities and deferred income 76.0 68.3
Total noncurrent liabilities $ 312.1 $ 257.9
Equity:    
Preferred stock, $1.00 par value, authorized 250,000 shares; none issued    
Common stock, $1.00 par value, authorized 100,000,000 shares; issued 45,074,491 and 44,895,934 shares at cost, respectively $ 45.1 $ 44.9
Capital surplus 443.9 442.6
Retained earnings 664.6 644.3
Treasury stock, 9,868,438 and 9,473,058 shares at cost, respectively (256.6) (246.3)
Accumulated other comprehensive loss (40.0) (40.4)
Total equity 857.0 845.1
Total liabilities and equity $ 1,547.2 $ 1,515.0