Revenue Recognition (Tables)

9 Months Ended

Feb. 29, 2020

Revenue Recognition

Schedule of net contract assets and liabilities

	February 29,		May 31,
	2020		2019		Change
Contract assets – current	$	64.7	$	59.2	$	5.5
Contract assets – non-current		25.1		17.0		8.1
Deferred revenue – current		(13.4)		(12.6)		(0.8)
Deferred revenue on long-term contracts		(101.3)		(83.8)		(17.5)
Net contract liabilities	$	(24.9)	$	(20.2)	$	(4.7)

Schedule of changes in deferred revenue after adoption of ASC 606

	Three Months Ended				Nine Months Ended
	February 29/28,				February 29/28,
	2020		2019		2020		2019
Deferred revenue at beginning of period	$	(133.8)	$	(77.6)	$	(96.4)	$	(44.1)
Revenue deferred		(102.1)		(109.3)		(342.4)		(303.3)
Revenue recognized		121.7		91.3		326.0		247.8
Other		(0.5)		(1.7)		(1.9)		2.3
Deferred revenue at end of period	$	(114.7)	$	(97.3)	$	(114.7)	$	(97.3)

Schedule of sales across the major customer markets for each of our operating segments

	Three Months Ended					Nine Months Ended
	February 29/28,				February 29/28,
	2020		2019		2020		2019
Aviation Services:
Commercial	$	353.7	$	350.8	$	1,053.8	$	983.0
Government and defense		176.6		146.5		520.3		415.6
	$	530.3	$	497.3	$	1,574.1	$	1,398.6
Expeditionary Services:
Commercial	$	5.5	$	6.8	$	17.6	$	23.3
Government and defense		17.3		25.4		63.8		67.2
	$	22.8	$	32.2	$	81.4	$	90.5

Schedule of sales by geographic region

	Three Months Ended					Nine Months Ended
	February 29/28,				February 29/28,
	2020		2019		2020		2019
Aviation Services:
North America	$	412.9	$	373.7	$	1,198.9	$	1,024.9
Europe/Africa		85.1		80.9		273.1		245.4
Other		32.3		42.7		102.1		128.3
	$	530.3	$	497.3	$	1,574.1	$	1,398.6
Expeditionary Services:
North America	$	20.2	$	30.2	$	74.8	$	85.1
Europe/Africa		2.6		1.5		6.2		4.2
Other		—		0.5		0.4		1.2
	$	22.8	$	32.2	$	81.4	$	90.5