CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	May 31, 2021	May 31, 2020
Current assets:
Cash and cash equivalents	$ 51.8	$ 404.7
Restricted cash	8.4	20.0
Accounts receivable, net	166.7	171.9
Contract assets	71.9	49.3
Inventories	540.6	623.1
Rotable assets and equipment on or available for short-term lease	50.4	69.6
Assets of discontinued operations	19.5	22.9
Prepaid expenses and other current assets	27.7	77.2
Total current assets	937.0	1,438.7
Property, plant and equipment, at cost:
Land	3.3	4.5
Buildings and improvements	114.7	112.4
Equipment and furniture and fixtures	262.2	265.3
Property, plant and equipment, gross	380.2	382.2
Accumulated depreciation	(260.2)	(246.5)
Property, plant and equipment, net	120.0	135.7
Other assets:
Goodwill and intangible assets, net	123.8	121.7
Operating lease right-of-use assets, net	75.8	89.7
Rotable assets supporting long-term programs	184.3	211.7
Other non-current assets	98.8	81.5
Total other assets	482.7	504.6
Total assets	1,539.7	2,079.0
Current liabilities:
Accounts payable	127.2	191.6
Accrued liabilities	174.2	161.6
Liabilities of discontinued operations	35.4	29.9
Total current liabilities	336.8	383.1
Long-term debt	133.7	600.0
Operating lease liabilities	59.9	70.9
Deferred revenue on long-term contracts	5.4	88.0
Other liabilities	29.5	34.4
Total noncurrent liabilities	228.5	793.3
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 shares at cost	45.3	45.3
Capital surplus	479.8	478.6
Retained earnings	741.7	706.0
Treasury stock, 9,925,551 and 10,203,437 shares at cost, respectively	(274.1)	(282.7)
Accumulated other comprehensive loss	(18.3)	(44.6)
Total equity	974.4	902.6
Total liabilities and equity	$ 1,539.7	$ 2,079.0