Commitments, Contingencies and Guarantees (Tables)

12 Months Ended

Nov. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

The following table summarizes our commitments at November 30, 2016 (in millions):



	Expected Maturity Date (fiscal years)
	2017		2018		2019 and 2020		2021 and 2022		2023 and Later		Maximum Payout
Equity commitments (1)	$	0.8	$	8.6	$	11.3	$	—	$	234.0	$	254.7
Loan commitments (1)	304.6		11.9		71.6		44.0		—		432.1
Underwriting commitments	349.4		—		—		—		—		349.4
Forward starting reverse repos (2)	4,668.7		—		—		—		—		4,668.7
Forward starting repos (2)	2,539.2		—		—		—		—		2,539.2
Other unfunded commitments (1)	—		37.0		4.8		33.8		13.2		88.8
Total commitments	$	7,862.7	$	57.5	$	87.7	$	77.8	$	247.2	$	8,332.9


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


(2)	At November 30, 2016, $4,592.9 million within forward starting reverse repos and $2,464.6 million within repos settled within three business days.

Future Minimum Lease Commitments under Leases

At November 30, 2016, future minimum aggregate annual lease payments under such leases (net of subleases) for fiscal years ended November 30, 2017 through 2021 and the aggregate amount thereafter, are as follows (in thousands):



Fiscal Year	Operating Leases
2017	$	61,226
2018	61,701
2019	59,364
2020	50,521
2021	48,429
Thereafter	564,077
Total	$	845,318

Minimum Future Lease Payments

At November 30, 2016, minimum future lease payments are as follows (in thousands):



Fiscal Year	Minimum Future Lease Payments
2017	$	3,798
2018	1,513
2019	189
Net minimum lease payments	5,500
Less amount representing interest	177
Present value of net minimum lease payments	$	5,323

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, 2016 (in millions):



	Expected Maturity Date (Fiscal Years)
	2017		2018		2019 and 2020		2021 and 2022		2023 and Later		Notional/ Maximum Payout
Guarantee Type:
Derivative contracts—non-credit related	$	18,838.6	$	820.4	$	—	$	—	$	421.8	$	20,080.8
Written derivative contracts—credit related	—		52.2		24.6		360.8		—		437.6
Total derivative contracts	$	18,838.6	$	872.6	$	24.6	$	360.8	$	421.8	$	20,518.4

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

At November 30, 2016 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	$	54.0	$	—	$	—	$	—	$	—	$	—	$	54.0
Single name credit default swaps	—		—		79.5		42.9		261.2		—		383.6