Commitments, Contingencies and Guarantees (Tables)

12 Months Ended

Nov. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The following table summarizes our commitments associated with our capital market and asset management business activities at November 30, 2015 (in millions):

	Expected Maturity Date
	2016		2017		2018 and 2019		2020 and 2021		2022 and Later		Maximum Payout
Equity commitments (1)	$	9.5	$	—	$	—	$	15.8	$	189.5	$	214.8
Loan commitments (1)	247.3		170.7		81.4		—		—		499.4
Mortgage-related and other purchase commitments	1,571.4		312.5		1,013.7		—		—		2,897.6
Forward starting reverse repos and repos	1,635.0		—		—		—		—		1,635.0
Other unfunded commitments (1)	87.0		186.9		20.2		5.7		35.6		335.4
	$	3,550.2	$	670.1	$	1,115.3	$	21.5	$	225.1	$	5,582.2

(1) Equity, loan and other unfunded commitments are presented by contractual maturity date. The amounts, however, are available on demand.

Future Minimum Lease Commitments under Leases

At November 30, 2015, future minimum aggregate annual lease payments under such leases (net of subleases) for fiscal years ended November 30, 2016 through 2020 and the aggregate amount thereafter, are as follows (in thousands):

Fiscal Year	Operating Leases
2016	$	54,532
2017	57,072
2018	57,298
2019	55,755
2020	50,584
Thereafter	396,041
Total	$	671,282

Minimum Future Lease Payments

At November 30, 2015, minimum future lease payments are as follows (in thousands):

Fiscal Year
2016	$	3,798
2017	3,798
2018	1,513
2019	189
Net minimum lease payments	9,298
Less amount representing interest	471
Present value of net minimum lease payments	$	8,827

Guarantees

The following table summarizes the notional amounts associated with our derivative contracts meeting the definition of a guarantee under U.S. GAAP at November 30, 2015 (in millions):

	Expected Maturity Date
	2016		2017		2018 and 2019		2020 and 2021		2022 and Later		Notional/ Maximum Payout
Guarantee Type:
Derivative contracts—non-credit related	$	11,840.6	$	584.6	$	142.8	$	—	$	414.4	$	12,982.4
Written derivative contracts—credit related	—		—		115.4		955.4		10.0		1,080.8
Total derivative contracts	$	11,840.6	$	584.6	$	258.2	$	955.4	$	424.4	$	14,063.2

External Credit Ratings of Underlying or Referenced Assets for Credit Related Derivatives Contracts

At November 30, 2015 the external credit ratings of the underlyings or referenced assets for our credit related derivatives contracts (in millions):

	External Credit Rating
	AAA/ Aaa		AA/Aa		A		BBB/ Baa		Below Investment Grade		Unrated		Notional/ Maximum Payout
Credit related derivative contracts:
Index credit default swaps	$	698.4	$	—	$	—	$	—	$	—	$	—	$	698.4
Single name credit default swaps	$	—	$	—	$	10.0	$	57.5	$	264.3	$	50.6	$	382.4