Income Taxes (Tables)

12 Months Ended

Nov. 30, 2012

Income Tax Expense (Benefit) [Abstract]

Provision For Income Taxes

The provision for income taxes consists of the following:

(millions)	2012			2011		2010
Income taxes
Current
Federal	$	79.4		$	76.5	$	78.0
State	10.1			10.5		10.6
International	26.0			17.6		18.9
	115.5			104.6		107.5
Deferred
Federal	21.3			32.0		9.4
State	4.0			4.1		2.1
International	(1.0		)	1.9		(1.0		)
	24.3			38.0		10.5
Total income taxes	$	139.8		$	142.6	$	118.0

Components Of Income From Consolidated Operations Before Income Taxes

The components of income from consolidated operations before income taxes follow:

(millions)	2012		2011		2010
Pretax income
United States	$	366.2	$	338.7	$	357.4
International	159.9		152.7		105.3
	$	526.1	$	491.4	$	462.7

Reconciliation Of The U.S. Federal Statutory Rate With The Effective Tax Rate

A reconciliation of the U.S. federal statutory rate with the effective tax rate follows:

	2012		2011		2010
Federal statutory tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefits	1.7		1.9		1.8
International tax at different effective rates	(6.5	)	(7.0	)	(4.4	)
U.S. tax on remitted and unremitted earnings	(2.0	)	0.2		(1.6	)
U.S. manufacturing deduction	(1.6	)	(1.6	)	(1.3	)
Changes in prior year tax contingencies	(0.1	)	(0.1	)	(3.8	)
Other, net	0.1		0.6		(0.2	)
Total	26.6	%	29.0	%	25.5	%

Schedule Of Deferred Tax Assets And Liabilities

Deferred tax assets and liabilities are comprised of the following:

(millions)	2012			2011
Deferred tax assets
Employee benefit liabilities	$	165.2		$	152.3
Other accrued liabilities	16.3			16.6
Inventory	14.9			14.6
Tax loss and credit carryforwards	49.7			29.9
Other	11.8			11.6
Valuation allowance	(27.5		)	(26.6		)
	230.4			198.4
Deferred tax liabilities
Depreciation	48.3			49.9
Intangible assets	158.8			145.3
Other	5.9			7.6
	213.0			202.8
Net deferred tax (liability) asset	$	17.4		$	(4.4	)

Activity Related To Our Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended November 30:

(millions)	2012			2011			2010
Balance at beginning of year	$	33.2		$	20.7		$	31.2
Additions for current year tax positions	10.6			10.3			5.1
Additions for prior year tax positions	3.9			6.5			3.4
Reductions for prior year tax positions	—			(3.1		)	(2.6		)
Settlements	—			—			(0.6		)
Statute expirations	(1.2		)	(1.2		)	(15.8		)
Foreign currency translation	0.2			—			—
Balance at November 30,	$	46.7		$	33.2		$	20.7