Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2022	May 31, 2022
Current assets:
Cash and cash equivalents	$ 44.3	$ 53.5
Restricted cash	4.1	5.4
Accounts receivable, less allowances of $17.5 and $17.9, respectively	220.8	214.0
Contract assets	87.5	73.6
Inventories	575.8	550.5
Rotable assets and equipment on or available for short-term lease	52.8	53.6
Assets of discontinued operations	16.1	16.2
Prepaid expenses and other current assets	33.8	40.4
Total current assets	1,035.2	1,007.2
Property, plant, and equipment, net of accumulated depreciation of $259.7 and $258.3 respectively	111.4	109.6
Other assets:
Goodwill and intangible assets, net	117.6	119.7
Operating lease right-of-use assets, net	69.9	73.0
Rotable assets supporting long-term programs	167.7	166.6
Other non-current assets	97.1	97.8
Total other assets	452.3	457.1
Total assets	1,598.9	1,573.9
Current liabilities:
Accounts payable	194.5	156.4
Accrued liabilities	147.2	174.6
Liabilities of discontinued operations	16.2	17.2
Total current liabilities	357.9	348.2
Long-term debt	114.1	98.9
Operating lease liabilities	54.3	57.4
Deferred tax liabilities	20.1	20.0
Other liabilities	16.0	14.9
Total noncurrent liabilities	204.5	191.2
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	476.8	477.5
Retained earnings	843.1	820.4
Treasury stock, 10,217,697 and 9,909,702 shares at cost, respectively	(306.0)	(289.1)
Accumulated other comprehensive loss	(22.7)	(19.6)
Total equity	1,036.5	1,034.5
Total liabilities and equity	$ 1,598.9	$ 1,573.9