XML 33 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Value Measurements (Tables)
3 Months Ended
Feb. 29, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The change in fair value of our Level 3 liabilities for the three months ended February 29, 2016 is summarized as follows (in millions):
 
Beginning of year
 
Settlements
 
Changes in fair value including accretion
 
Impact of foreign currency
 
Balance as of February 29, 2016
Contingent consideration related to acquisition
$
27.1

 
$

 
$
0.4

 
$
0.9

 
$
28.4

Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table sets forth the carrying amount and fair values of our long-term debt (including the current portion thereof) at February 29, 2016, February 28, 2015 and November 30, 2015 (in millions):
 
February 29, 2016
 
February 28, 2015
 
November 30, 2015
Carrying amount
$
1,056.9

 
$
1,012.5

 
$
1,256.2

Fair value
1,147.3

 
1,107.8

 
1,325.6

Assets and liabilities measured at fair value on recurring basis
Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions):
 
 
 
 
February 29, 2016
  
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
111.8

 
$
111.8

 
$

 
$

Insurance contracts
 
97.7

 

 
97.7

 

Bonds and other long-term investments
 
9.2

 
9.2

 

 

Interest rate derivatives
 
4.5

 

 
4.5

 

Foreign currency derivatives
 
4.4

 

 
4.4

 

Total
 
$
227.6

 
$
121.0

 
$
106.6

 
$

Liabilities
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
1.8

 
$

 
$
1.8

 
$

Contingent consideration related to acquisition

28.4






28.4

Total
 
$
30.2

 
$

 
$
1.8

 
$
28.4


 
 
 
 
February 28, 2015
  
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
81.8

 
$
81.8

 
$

 
$

Insurance contracts
 
106.8

 

 
106.8

 

Bonds and other long-term investments
 
7.8

 
7.8

 

 

Interest rate derivatives
 
4.9

 

 
4.9

 

Foreign currency derivatives
 
8.4

 

 
8.4

 

Total
 
$
209.7

 
$
89.6

 
$
120.1

 
$

Liabilities
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
3.4

 
$

 
$
3.4

 
$

 
 
 
 
 
November 30, 2015
  
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
112.6

 
$
112.6

 
$

 
$

Insurance contracts
 
104.1

 

 
104.1

 

Bonds and other long-term investments
 
8.5

 
8.5

 

 

Interest rate derivatives
 
2.5

 

 
2.5

 

Foreign currency derivatives
 
3.4

 

 
3.4

 

Total
 
$
231.1

 
$
121.1

 
$
110.0

 
$

Liabilities
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
0.7

 
$

 
$
0.7

 
$

Interest rate derivatives
 
0.6

 

 
0.6

 

Contingent consideration related to acquisition
 
27.1

 

 

 
27.1

Total
 
$
28.4

 
$

 
$
1.3

 
$
27.1