Variable Interest Entities (Tables)

6 Months Ended

May 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Assets and Liabilities of Consolidated VIEs Prior to Consolidation

The following table presents information about our consolidated VIEs at May 31, 2019 and November 30, 2018 (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.



	May 31, 2019				November 30, 2018
	Securitization Vehicles		Other		Securitization Vehicles		Other
Cash	$	—	$	1.1	$	—	$	1.1
Financial instruments owned	—		0.4		—		0.4
Securities purchased under agreements to resell (1)	1,266.9		—		883.1		—
Total assets	$	1,266.9	$	1.5	$	883.1	$	1.5
Other secured financings (2)	$	1,265.8	$	—	$	882.5	$	—
Other liabilities	1.1		0.2		0.6		0.2
Total liabilities	$	1,266.9	$	0.2	$	883.1	$	0.2


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

(2)

Approximately $1.0 million of the secured financing represent amounts held by us in inventory and are eliminated in consolidation at November 30, 2018.

Variable Interests in Non-Consolidated Variable Interest Entities

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



	May 31, 2019
	Carrying Amount				Maximum Exposure to Loss		VIE Assets
	Assets		Liabilities		Maximum Exposure to Loss		VIE Assets
CLOs	$	111.7	$	0.6	$	827.5	$	7,806.3
Consumer loan and other asset-backed vehicles	427.3		—		570.1		3,322.6
Related party private equity vehicles	31.2		—		49.0		92.0
Other investment vehicles	396.4		—		409.9		5,981.2
Total	$	966.6	$	0.6	$	1,856.5	$	17,202.1



	November 30, 2018
	Carrying Amount				Maximum Exposure to Loss		VIE Assets
	Assets		Liabilities		Maximum Exposure to Loss		VIE Assets
CLOs	$	42.1	$	—	$	568.3	$	3,088.9
Consumer loan and other asset-backed vehicles	462.1		—		807.1		3,273.1
Related party private equity vehicles	35.5		—		53.5		108.3
Other investment vehicles	95.0		—		99.1		3,558.1
Total	$	634.7	$	—	$	1,528.0	$	10,028.4