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Accumulated Other Comprehensive Income
12 Months Ended
Nov. 30, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
COMPREHENSIVE INCOME
9.  ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table sets forth the components of accumulated other comprehensive loss, net of tax where applicable (in millions):
(millions)
2014
2013
Accumulated other comprehensive loss, net of tax where applicable
 
 
Foreign currency translation adjustment
$
32.1

$
165.7

Unrealized gain (loss) on foreign currency exchange contracts
3.0

(0.3
)
Unamortized value of settled interest rate swaps
2.9

2.0

Pension and other postretirement costs
(224.0
)
(167.7
)
 
$
(186.0
)
$
(0.3
)


The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the years ended November 30, 2014, 2013 and 2012:
(millions)
 
 
 
 
 
 
 
Affected Line Items in the Consolidated Income Statement
Accumulated Other Comprehensive Income (Loss) Components
 
2014
 
2013
 
2012
 
Gains/ (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
 
Interest rate derivatives
 
$
(0.2
)
 
$
(1.3
)
 
$
(1.4
)
 
Interest expense
Foreign exchange contracts
 
(1.1
)
 
0.3

 
0.6

 
Cost of goods sold
Total before taxes
 
(1.3
)
 
(1.0
)
 
(0.8
)
 
 
 
Tax effect
 
0.3

 
0.3

 
0.2

 
Income taxes
Net, after tax
 
$
(1.0
)
 
$
(0.7
)
 
$
(0.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of pension and postretirement benefit adjustments:
 
 
 
 
 
 
 
 
 
Amortization of prior service costs (1)
 
$
0.3

 
$
(0.8
)
 
$
(3.5
)
 
SG&A expense/ Cost of goods sold
Amortization of net actuarial losses (1)
 
16.4

 
36.5

 
21.6

 
SG&A expense/ Cost of goods sold
Total before taxes
 
16.7

 
35.7

 
18.1

 
 
 
Tax effect
 
(5.7
)
 
(12.1
)
 
(6.2
)
 
Income taxes
Net, after tax
 
$
11.0

 
$
23.6

 
$
11.9

 
 
 

(1) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and total other postretirement expense (refer to note 10 for additional details).