Consolidated Balance Sheets - USD ($) $ in Millions	May 31, 2024	May 31, 2023
Current Assets:
Cash and cash equivalents	$ 113.7	$ 224.5
Accounts receivable, net	235.0	278.0
Inventories, net	264.2	334.5
Income tax receivable	15.2	8.9
Prepaid expenses and other current assets	48.8	47.0
Total current assets	676.9	892.9
Noncurrent Assets:
Property, plant and equipment, net	511.9	521.4
Prepublication costs, net	49.5	56.4
Operating lease right-of-use assets, net	99.1	85.7
Royalty advances, net	57.8	56.8
Goodwill	132.8	132.7
Noncurrent deferred income taxes	23.1	21.0
Other assets and deferred charges	120.1	99.8
Total noncurrent assets	994.3	973.8
Total assets	1,671.2	1,866.7
Current Liabilities:
Lines of credit and current portion of long-term debt	6.0	6.0
Accounts payable	138.5	170.9
Accrued royalties	48.5	52.8
Deferred revenue	161.1	169.1
Other accrued expenses	156.3	168.9
Accrued income taxes	1.9	13.4
Operating lease liabilities	22.4	21.2
Total current liabilities	534.7	602.3
Noncurrent Liabilities:
Long-term debt	0.0	0.0
Operating lease liabilities	89.2	73.8
Other noncurrent liabilities	29.2	26.1
Total noncurrent liabilities	118.4	99.9
Commitments and Contingencies:	0.0	0.0
Stockholders’ Equity:
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none	0.0	0.0
Additional paid-in capital	604.6	632.2
Accumulated other comprehensive income (loss)	(52.5)	(55.8)
Retained earnings	1,023.7	1,035.6
Treasury stock at cost: 15.5 shares and 12.9 shares, respectively	(558.1)	(449.5)
Total stockholders' equity of Scholastic Corporation	1,018.1	1,162.9
Noncontrolling interest	0.0	1.6
Total stockholders’ equity	1,018.1	1,164.5
Total liabilities and stockholders’ equity	1,671.2	1,866.7
Class A Stock
Stockholders’ Equity:
Common Stock	0.0	0.0
Common Stock
Stockholders’ Equity:
Common Stock	$ 0.4	$ 0.4