Financing Arrangements (Tables)

12 Months Ended

Nov. 30, 2015

Financing Arrangements [Abstract]

Components Of Outstanding Debt

Our outstanding debt was as follows at November 30:

(millions)	2015			2014
Short-term borrowings
Commercial paper	$	107.5		$	239.4
Other	32.0			30.2
	$	139.5		$	269.6
Weighted-average interest rate of short-term borrowings at year-end	2.2		%	1.3		%
Long-term debt
5.20% notes due 12/15/2015(1)	$	200.0		$	200.0
5.75% notes due 12/15/2017(2)	250.0			250.0
3.90% notes due 7/8/2021(3)	250.0			250.0
3.50% notes due 8/19/2023(4)	250.0			250.0
3.25% notes due 11/15/2025(5)	250.0			—
7.63%–8.12% notes due 2024	55.0			55.0
Other	7.4			8.5
Unamortized discounts, premiums and fair value adjustments	(6.2		)	1.8
	1,256.2			1,015.3
Less current portion	203.5			1.2
	$	1,052.7		$	1,014.1

(1) The fixed interest rate on $100 million of the 5.20% notes due in December 2015 was effectively converted to a variable rate by interest rate swaps through December 2015. Net interest payments were based on 3 month LIBOR minus 0.05% during this period (our effective rate as of November 30, 2015 was 0.29%).

(2) 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%.

(3) 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%.

(4) Interest rate swaps, settled upon the issuance of these notes in 2013, effectively fixed the interest rate on the $250 million notes at a weighted-average fixed rate of 3.30%.

(5) The fixed interest rate on $100 million of the 3.25% notes due in 2025 is effectively converted to a variable rate by interest rate swaps through 2025. Net interest payments are based on 3 month LIBOR plus 1.22% during this period (our effective rate as of November 30, 2015 was 1.58%). In addition, separate interest rate swaps, settled upon the issuance of these notes in 2015, effectively fixed the interest rate on the $250 million notes at a weighted-average fixed rate of 3.45%.

Maturities Of Long-Term Debt

Maturities of long-term debt during the fiscal years subsequent to November 30, 2015 are as follows (in millions):

2017	$	0.8
2018	250.9
2019	0.9
2020	0.7
Thereafter	808.1

Rental Expense Under Operating Leases

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

2016	$	22.5
2017	17.8
2018	13.8
2019	10.4
2020	7.9
Thereafter	21.9