v3.26.3
Revenue Recognition (Tables)
3 Months Ended
Aug. 31, 2026
Revenue Recognition  
Schedule of net contract assets and liabilities

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August 31, 

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May 31, 

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2026

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2026

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Change 

Contract assets – current

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$

147.3

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$

148.4

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$

(1.1)

Contract assets – non-current

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45.7

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42.9

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2.8

Contract liabilities:

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Deferred revenue – current

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(40.8)

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(50.3)

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9.5

Deferred revenue on long-term contracts

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(20.2)

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(6.9)

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(13.3)

Net contract assets

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$

132.0

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$

134.1

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$

(2.1)

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Schedule of changes in deferred revenue

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Three Months Ended

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August 31, 

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2026

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2025

Deferred revenue at beginning of period

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$

(57.2)

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$

(46.7)

Revenue deferred

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(162.3)

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(87.0)

Revenue recognized

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160.9

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93.7

Other (1)

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(2.4)

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(0.7)

Deferred revenue at end of period

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$

(61.0)

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$

(40.7)

(1)Other includes cumulative catch-up adjustments, foreign currency translation, acquisitions, and other adjustments.
Schedule of sales across the major customer markets for each of our operating segments

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Three Months Ended

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August 31, 

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2026

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2025

Parts Supply:

 

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Commercial

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$

325.4

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$

254.5

Government and defense

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89.4

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63.3

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$

414.8

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$

317.8

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Repair, Engineering, and Software:

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Commercial

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$

277.5

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$

206.6

Government and defense

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20.0

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19.8

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$

297.5

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$

226.4

Schedule of sales by geographic region

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Three Months Ended

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August 31, 

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2026

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2025

U.S./Canada

 

$

613.3

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$

519.1

Europe/Africa

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189.6

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99.7

Asia/South Pacific

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102.8

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89.7

Other

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12.3

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31.1

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$

918.0

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$

739.6

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