v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2026
May 31, 2026
Current assets:    
Cash and cash equivalents $ 248.2 $ 84.6
Receivables, less allowances of $1.6 and $1.1, respectively 1,387.2 496.2
Inventories:    
Raw materials 935.9 168.5
Work in process 182.1 145.9
Finished products 592.4 101.3
Total inventories 1,710.4 415.7
Income taxes receivable 35.4 14.3
Assets held for sale 9.1 9.1
Prepaid expenses and other current assets 256.8 110.0
Current assets of discontinued operations 180.1 0.0
Total current assets 3,827.2 1,129.9
Investment in unconsolidated affiliates 106.7 123.4
Operating lease right-of-use assets 366.0 77.8
Finance lease right-of-use assets, net of accumulated amortization of $4.7 and $4.4, respectively 21.8 7.5
Goodwill 44.5 44.5
Other intangible assets, net of accumulated amortization of $67.6 and $65.9, respectively 75.0 77.3
Deferred income taxes 81.9 12.7
Equity securities 0.0 122.2
Prepaid pension assets 332.7 0.0
Other assets 45.8 7.8
Property, plant and equipment:    
Land 277.0 57.2
Buildings and improvements 393.9 272.5
Machinery and equipment 1,185.6 1,065.0
Construction in progress 118.1 105.9
Total property, plant and equipment 1,974.6 1,500.6
Less: accumulated depreciation 874.3 851.3
Total property, plant and equipment, net 1,100.3 649.3
Non-current assets held for sale 19.3 0.0
Non-current assets of discontinued operations 0.7 0.0
Total assets 6,021.9 2,252.4
Current liabilities:    
Accounts payable 1,170.8 424.0
Short-term borrowings 530.9 185.4
Accrued compensation, contributions to employee benefit plans and related taxes 107.4 60.0
Dividends payable 9.2 9.2
Other accrued items 120.3 56.2
Current operating lease liabilities 40.1 10.4
Current finance lease liabilities 4.9 2.9
Income taxes payable 6.6 0.7
Current maturities of long-term debt 10.7 27.0
Current liabilities of discontinued operations 108.4 0.0
Total current liabilities 2,109.3 775.8
Other liabilities 83.3 51.5
Long-term debt, net 1,654.8 44.4
Non-current operating lease liabilities 338.8 78.7
Non-current finance lease liabilities 14.4 5.5
Deferred income taxes 112.0 33.6
Non-current liabilities of discontinued operations 9.0 0.0
Total liabilities 4,321.6 989.5
Mezzanine equity:    
Redeemable noncontrolling interest ("Redeemable NCI") 63.8 65.3
Total mezzanine equity 63.8 65.3
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; no shares issued or outstanding
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding 50,071,412 shares and 49,920,298 shares, respectively 0.0 0.0
Additional Paid-in Capital ("APIC") 926.1 919.4
Retained Earnings 121.8 140.0
Accumulated other comprehensive income (loss), net of taxes of $(1.0) and $(2.3), respectively (15.6) 3.9
Total Shareholders' equity - controlling interest 1,032.3 1,063.3
Noncontrolling interests ("NCI") 604.2 134.3
Total equity 1,636.5 1,197.6
Total liabilities, mezzanine equity, and equity $ 6,021.9 $ 2,252.4