Accounts Receivable

9 Months Ended

Feb. 29, 2020

Accounts Receivable

Accounts Receivable

Note 4 – Accounts Receivable

Financial instruments that potentially subject us to concentrations of market or credit risk consist principally of trade receivables. While our trade receivables are diverse and represent a number of entities and geographic regions, the majority are with the U.S. government and its contractors and entities in the aviation industry. The composition of our accounts receivable is as follows:

	February 29,		May 31,
	2020		2019
U.S. Government contracts:
Trade receivables	$	40.4	$	28.7
Unbilled receivables		30.5		31.7
		70.9		60.4
All other customers:
Trade receivables		117.3		92.5
Unbilled receivables		37.5		44.9
		154.8		137.4
	$	225.7	$	197.8

Included in the table above are past due receivables owed by former commercial program customers primarily related to our exit from customer contracts in certain geographies, including Colombia, Peru, and Poland. Our past due receivables owed by these customers was $9.9 million as of February 29, 2020, which was net of allowance for doubtful accounts of $7.8 million.