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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 28, 2018
May 31, 2017
Current assets:    
Cash and cash equivalents $ 23.9 $ 10.3
Restricted cash 10.7  
Accounts receivable, less allowances of $7.4 and $4.9, respectively 203.4 234.5
Inventories 472.1 433.4
Rotable spares and equipment on or available for short-term lease 68.4 70.7
Assets of discontinued operations - current 122.7 120.4
Other current assets 32.4 19.1
Total current assets 933.6 888.4
Property, plant and equipment, net of accumulated depreciation of $212.4 and $207.5, respectively 135.3 117.2
Other assets:    
Goodwill 119.6 105.6
Intangible assets, net of accumulated amortization of $32.7 and $27.6, respectively 28.2 29.4
Rotable assets supporting long-term programs 183.6 159.6
Assets of discontinued operations - non-current   99.0
Other non-current assets 111.9 104.9
Total other assets 443.3 498.5
Total assets 1,512.2 1,504.1
Current liabilities:    
Current maturities of long-term debt 0.1 0.1
Accounts and trade notes payable 176.8 164.2
Accrued liabilities 123.2 139.9
Liabilities of discontinued operations 26.5 30.8
Total current liabilities 326.6 335.0
Long-term debt, less current maturities 194.3 154.1
Deferred tax liabilities 13.7 37.2
Other liabilities and deferred income 62.4 63.6
Total noncurrent liabilities 270.4 254.9
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 45,300,786 and 45,175,302 shares at cost, respectively 45.3 45.2
Capital surplus 464.1 460.8
Retained earnings 723.8 727.9
Treasury stock, 10,662,048 and 10,820,844 shares at cost, respectively (282.4) (279.8)
Accumulated other comprehensive loss (35.6) (39.9)
Total equity 915.2 914.2
Total liabilities and equity $ 1,512.2 $ 1,504.1