XML 18 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2016
May 31, 2015
Current Assets:    
Cash and cash equivalents $ 399.7 $ 506.8
Restricted cash held in escrow 9.9 34.5
Accounts receivable (less allowance for doubtful accounts of $16.1 and $14.9, respectively) 196.3 193.8
Inventories, net 271.2 257.6
Deferred income taxes   81.0
Prepaid expenses and other current assets 72.5 33.7
Current assets of discontinued operations 0.5 3.1
Total current assets 950.1 1,110.5
Noncurrent Assets:    
Property, plant and equipment, net 437.6 439.7
Prepublication costs, net 41.8 51.7
Royalty advances (less allowance for reserves of $90.1 and $86.8, respectively) 44.0 39.3
Goodwill 116.2 116.3
Other intangibles 6.8 6.8
Noncurrent deferred income taxes 68.5  
Noncurrent deferred income taxes   6.5
Other assets and deferred charges 48.1 51.5
Total noncurrent assets 763.0 711.8
Total assets 1,713.1 1,822.3
Current Liabilities:    
Lines of credit and current portion of long-term debt 6.3 6.0
Accounts payable 138.2 146.8
Accrued royalties 31.6 26.8
Deferred revenue 23.5 21.5
Other accrued expenses 175.9 173.6
Accrued income taxes 1.6 158.8
Current liabilities of discontinued operations 1.2 14.1
Total current liabilities 378.3 547.6
Noncurrent Liabilities:    
Other noncurrent liabilities 77.2 69.8
Total noncurrent liabilities 77.2 69.8
Commitments and Contingencies:
Stockholders’ Equity:    
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none 0.0 0.0
Additional paid-in capital 600.7 591.5
Accumulated other comprehensive income (loss) (86.7) (77.0)
Retained earnings 1,059.8 1,039.9
Treasury stock at cost (316.6) (349.9)
Total stockholders’ equity 1,257.6 1,204.9
Total liabilities and stockholders’ equity 1,713.1 1,822.3
Class A Stock [Member]    
Stockholders’ Equity:    
Common Stock 0.0 0.0
Common Stock [Member]    
Stockholders’ Equity:    
Common Stock $ 0.4 $ 0.4