Variable Interest Entities (Tables)

9 Months Ended

Aug. 31, 2017

Variable Interest Entity [Line Items]

Assets and Liabilities of Consolidated VIEs Prior to Consolidation

The following table presents information about our consolidated VIEs at August 31, 2017 and November 30, 2016 (in millions). The assets and liabilities in the tables below are presented prior to consolidation and thus a portion of these assets and liabilities are eliminated in consolidation.

	August 31, 2017				November 30, 2016
	Securitization Vehicles		Other		Securitization Vehicles		Other
Cash	$	5.2	$	1.0	$	16.1	$	0.7
Financial instruments owned	44.5		0.4		86.6		0.6
Securities purchased under agreement to resell (1)	546.7		—		733.5		—
Fees, interest and other receivables	0.3		—		1.5		—
Total assets	$	596.7	$	1.4	$	837.7	$	1.3
Other secured financings (2)	$	590.7	$	—	$	813.1	$	—
Other liabilities	4.8		0.2		24.1		0.2
Total liabilities	$	595.5	$	0.2	$	837.2	$	0.2

(1) Securities purchased under agreement to resell represent amounts due under collateralized transactions on related consolidated entities, which are eliminated in consolidation.

(2)

Approximately $49.2 million and $57.6 million of the secured financing represents an amount held by us in inventory and is eliminated in consolidation at August 31, 2017 and November 30, 2016, respectively.

Variable Interests in Non-Consolidated Variable Interest Entities

The following tables present information about our variable interests in nonconsolidated VIEs (in millions):

	August 31, 2017
	Carrying Amount				Maximum Exposure to Loss		VIE Assets
	Assets		Liabilities
CLOs	$	58.1	$	1.9	$	790.1	$	3,440.3
Consumer loan vehicles	195.8		—		761.9		2,287.2
Related party private equity vehicles	28.1		—		49.8		106.3
Other private investment vehicles	52.0		—		53.5		3,227.8
Total	$	334.0	$	1.9	$	1,655.3	$	9,061.6

	November 30, 2016
	Carrying Amount				Maximum Exposure to Loss		VIE Assets
	Assets		Liabilities
CLOs	$	263.3	$	4.8	$	920.0	$	4,451.7
Consumer loan vehicles	90.3		—		219.6		985.5
Related party private equity vehicles	37.6		—		63.6		155.6
Other private investment vehicles	52.3		—		53.8		3,874.7
Total	$	443.5	$	4.8	$	1,257.0	$	9,467.5