Financing Arrangements (Tables)

12 Months Ended

Nov. 30, 2012

Financing Arrangements [Abstract]

Components Of Outstanding Debt

Our outstanding debt was as follows at November 30:

(millions)	2012			2011
Short-term borrowings
Commercial paper	$	138.4		$	216.0
Other	1.9			1.0
	$	140.3		$	217.0
Weighted-average interest rate of short-term borrowings at year-end	0.4		%	0.2		%
Long-term debt
5.25% notes due 2013(1)	$	250.0		$	250.0
5.20% notes due 2015(2)	200.0			200.0
5.75% notes due 2017(3)	250.0			250.0
3.90% notes due 2021(4)	250.0			250.0
7.63%–8.12% notes due 2024	55.0			55.0
Other	13.6			15.8
Unamortized discounts and fair value adjustments	12.9			14.3
	1,031.5			1,035.1
Less current portion	252.3			5.4
	$	779.2		$	1,029.7

(1) Interest rate swaps, settled upon the issuance of these notes in 2008, effectively fixed the interest rate on the $250 million notes at a weighted- average fixed rate of 5.54%.

(2) The fixed interest rate on $100 million of the 5.20% notes due in 2015 is effectively converted to a variable rate by interest rate swaps through 2015. Net interest payments are based on 3 month LIBOR minus 0.05% during this period (our effective rate as of November 30, 2012 was 0.34%).

(3) Interest rate swaps, settled upon the issuance of these notes in 2007, effectively fixed the interest rate on the $250 million notes at a weighted- average fixed rate of 6.25%.

(4) Interest rate swaps, settled upon the issuance of these notes in 2011, effectively fixed the interest rate on the $250 million notes at a weighted- average fixed rate of 4.01%.

Maturities Of Long-Term Debt

Maturities of long-term debt during the years subsequent to November 30, 2013 are as follows (in millions):

2014	$	3.7
2015	201.2
2016	0.7
2017	250.8
Thereafter	309.6

Rental Expense Under Operating Leases

Future annual fixed rental payments for the years ending November 30 are as follows (in millions):

2013	$	23.5
2014	19.3
2015	15.6
2016	9.1
2017	7.2
Thereafter	10.4