v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 31, 2026
May 31, 2025
Current assets:    
Cash and cash equivalents $ 84.0 $ 96.5
Restricted cash 23.8 12.7
Accounts receivable, net 386.8 354.8
Contract assets 148.4 140.3
Inventories 979.0 809.2
Prepaid expenses and other current assets 120.1 97.1
Total current assets 1,742.1 1,510.6
Property, plant and equipment, at cost:    
Land 7.3 9.2
Buildings and improvements 92.7 118.3
Equipment and furniture and fixtures 309.1 309.7
Property plant and equipment, gross 409.1 437.2
Accumulated depreciation (242.2) (278.7)
Property, Plant and Equipment, Net 166.9 158.5
Other assets:    
Goodwill 580.3 530.8
Intangible assets, net 281.6 219.6
Operating lease right-of-use assets, net 210.8 93.3
Rotable assets, net 180.3 172.4
Other non-current assets 193.9 159.4
Total other assets 1,446.9 1,175.5
Total assets 3,355.9 2,844.6
Current liabilities:    
Accounts payable 295.6 303.1
Deferred revenue 50.3 40.3
Other accrued liabilities 267.3 211.3
Total current liabilities 613.2 554.7
Long-term debt 893.9 968.0
Operating lease liabilities 101.1 79.6
Deferred tax liabilities 23.1 18.4
Other liabilities 20.8 12.3
Total noncurrent liabilities 1,038.9 1,078.3
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 48,750,786 and 45,300,786 shares at cost, respectively 48.8 45.3
Capital surplus 789.7 505.2
Retained earnings 1,157.1 969.4
Treasury stock, 8,871,272 and 9,470,781 shares at cost, respectively (287.9) (302.7)
Accumulated other comprehensive loss (3.9) (5.6)
Total equity 1,703.8 1,211.6
Total liabilities and equity $ 3,355.9 $ 2,844.6