v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2026
May 31, 2026
Current assets:    
Cash and cash equivalents $ 104.5 $ 84.0
Restricted cash 8.6 23.8
Accounts receivable, less allowances of $14.3 and $14.2, respectively 436.4 386.8
Contract assets 147.3 148.4
Inventories 1,008.9 979.0
Prepaid expenses and other current assets 134.1 120.1
Total current assets 1,839.8 1,742.1
Property, plant, and equipment, net of accumulated depreciation of $247.8 and $242.2, respectively 172.3 166.9
Other assets:    
Goodwill 564.8 580.3
Intangible assets, net of accumulated amortization of $61.4 and $53.7, respectively 287.9 281.6
Operating lease right-of-use assets, net 205.3 210.8
Rotable assets, net 150.4 180.3
Other non-current assets 206.4 193.9
Total other assets 1,414.8 1,446.9
Total assets 3,426.9 3,355.9
Current liabilities:    
Accounts payable 337.9 295.6
Deferred revenue 40.8 50.3
Accrued liabilities 272.0 267.3
Total current liabilities 650.7 613.2
Long-term debt 879.6 893.9
Operating lease liabilities 98.8 101.1
Deferred tax liabilities 22.5 23.1
Other liabilities 32.9 20.8
Total noncurrent liabilities 1,033.8 1,038.9
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 shares at cost 48.8 48.8
Capital surplus 785.6 789.7
Retained earnings 1,197.2 1,157.1
Treasury stock, x,xxx,xxx and 8,871,272 shares at cost, respectively (286.0) (287.9)
Accumulated other comprehensive loss (3.2) (3.9)
Total equity 1,742.4 1,703.8
Total liabilities and equity $ 3,426.9 $ 3,355.9