Income Taxes Income Taxes (Tables)

12 Months Ended

Nov. 30, 2016

Income Tax Disclosure [Abstract]

The Components of Income from Continuing Operations before Income Taxes

The components of income (loss) from continuing operations before income taxes are as follows:

	Years Ended November 30,
	2016		2015			2014
	(Dollars in millions)
Income (Loss) from Continuing Operations Before Income Taxes
U.S.	$	1.5	$	(11.2	)	$	(1.7	)
Foreign	8.4		(9.9		)	13.4
	$	9.9	$	(21.1	)	$	11.7

Schedule of Components of Income Tax Expense (Benefit)

	Years Ended November 30,
	2016			2015			2014
	(Dollars in millions)
Income Tax (Expense) Benefit
Current
U.S. Federal	$	(.6	)	$	(.6	)	$	—
U.S. State and Local	(.2		)	(.2		)	(.2		)
Foreign	(4.3		)	(2.7		)	(4.5		)
	(5.1		)	(3.5		)	(4.7		)
Deferred
U.S. Federal	(2.4		)	4.0			5.6
U.S. State and Local	(.5		)	(.2		)	(.3		)
Foreign	(2.3		)	2.1			(.2		)
	(5.2		)	5.9			5.1
Income Tax (Expense) Benefit	$	(10.3	)	$	2.4		$	0.4

Schedule of Effective Income Tax Rate Reconciliation

	Years Ended November 30,
	2016		2015		2014
Effective Income Tax Rate
Tax at Federal statutory rate	35.0	%	35.0	%	35.0	%
Valuation allowance (reversal)	18.8		(2.6	)	(49.7	)
Foreign taxes at different rates	(10.5	)	14.8		(22.5	)
Permanent items	(2.7	)	.9		4.3
U.S. tax on foreign dividends	22.2		—		10.8
Non-deductible executive compensation	.2		(1.0	)	2.4
Changes in deferred taxes	(.5	)	.1		6.6
Uncertain tax positions	1.5		4.3		—
State and local taxes	7.0		(2.0	)	4.2
Foreign withholding tax	6.5		(3.3	)	5.5
Non-deductible impairment	—		(29.3	)	—
Tax credits	—		—		(3.0	)
Foreign non-deductible interest	6.6		(4.4	)	2.4
French business tax	4.6		(2.0	)	(2.5	)
French Legislation change	16.1		—		—
Other, net	(.8	)	.9		3.1
Effective Income Tax Rate	104.0	%	11.4	%	(3.4	)%

Schedule of Deferred Tax Assets and Liabilities

	November 30,
	2016					2015
(Dollars in millions)	Assets			Liabilities		Assets			Liabilities
Accrued estimated costs	$	10.6		$	—	$	9.2		$	—
Goodwill and intangible assets	—			21.6		—			22.6
Depreciation	—			12.0		—			14.0
Pension	30.2			—		30.8			—
NOLC’s and other carryforwards	51.7			—		56.6			—
Post-retirement employee benefits	4.3			—		4.5			—
Other	6.2			—		4.0			—
Valuation allowance	(14.1		)	—		(10.2		)	—
Deferred Taxes	$	88.9		$	33.6	$	94.9		$	36.6

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties is as follows:

	Years Ended November 30,
	2016		2015			2014
	(Dollars in millions)
Opening balance December 1	$	—	$	.6		$	.8
Increase based on tax positions related to current year	.3		—			—
Reduction due to lapse of statute of limitations	—		(.6		)	(.2		)
Ending balance November 30	$	.3	$	—		$	.6