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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Cash flows provided by operating activities:      
Net income $ 12.5 $ 46.3 $ 90.2
Less: Income from discontinued operations     (0.4)
Income from continuing operations 12.5 46.3 89.8
Adjustments to reconcile income to net cash provided by operating activities:      
Depreciation and amortization 55.2 40.2 27.2
Amortization of financing costs 2.6 1.0 0.7
Stock-based compensation expense 19.9 15.3 13.5
Provision for credit losses 0.2 0.7 2.6
Pension settlement charges   26.7  
Deferred tax provision (benefit) (5.5) (20.5) (2.2)
Loss (Earnings) from joint ventures (5.4) 0.2 3.2
Loss on sale of business 68.9    
Impairment charges     1.0
Changes in certain assets and liabilities, net of acquisitions:      
Accounts receivable (82.8) (5.3) (18.1)
Contract assets (26.6) (17.1) (13.7)
Inventories (109.3) (90.4) (23.6)
Prepaid expenses and other current assets (10.5) (20.5) (8.6)
Rotable assets supporting long-term programs (23.9) 2.5 (19.3)
Accounts payable 70.5 59.4  
Accrued and other liabilities 40.9 16.9 (6.4)
Other 29.4 (11.6) (22.3)
Net cash provided by operating activities-continuing operations 36.1 43.8 23.8
Net cash used in operating activities-discontinued operations   (0.2) (0.5)
Net cash provided by operating activities 36.1 43.6 23.3
Cash flows provided by (used in) investing activities:      
Property, plant and equipment expenditures (34.7) (29.7) (29.5)
Acquisitions, net of cash acquired (1.5) (722.9) (103.3)
Proceeds from sale of business 48.0    
Joint venture and other investment activity (1.1) (5.9) (5.2)
Net cash provided by (used in) investing activities 10.7 (758.5) (138.0)
Cash flows provided by (used in) financing activities:      
Short-term borrowings (repayments), net (20.0) 175.0 172.0
Purchase of treasury stock (10.1) (5.1) (50.1)
Stock compensation activity (3.5) 19.6 17.7
Financing costs (0.1) (10.3) (1.9)
Proceeds from long-term borrowings   550.0  
Net cash provided by (used in) financing activities (33.7) 729.2 137.7
Effect of exchange rate changes on cash 0.0 0.0 (0.1)
Increase in cash and cash equivalents 13.1 14.3 22.9
Cash, cash equivalents, and restricted cash at beginning of year 96.1 81.8 58.9
Cash, cash equivalents, and restricted cash at end of year $ 109.2 $ 96.1 $ 81.8