Financial Instruments (Tables)

6 Months Ended

May 31, 2017

Fair values of derivative instruments on balance sheet

The following table discloses the fair values of derivative instruments on our balance sheet (in millions):

As of May 31, 2017	Asset Derivatives					Liability Derivatives
	Balance sheet location	Notional amount		Fair value		Balance sheet location	Notional amount		Fair value
Interest rate contracts	Other current assets	$	—	$	—	Other accrued liabilities	$	250.0	$	3.7
Foreign exchange contracts	Other current assets	193.9		3.2		Other accrued liabilities	160.7		3.2
Total				$	3.2				$	6.9
As of May 31, 2016	Asset Derivatives					Liability Derivatives
	Balance sheet location	Notional amount		Fair value		Balance sheet location	Notional amount		Fair value
Interest rate contracts	Other current assets	$	100.0	$	3.0	Other accrued liabilities	$	—	$	—
Foreign exchange contracts	Other current assets	155.2		3.7		Other accrued liabilities	72.4		1.5
Total				$	6.7				$	1.5
As of November 30, 2016	Asset Derivatives					Liability Derivatives
	Balance sheet location	Notional amount		Fair value		Balance sheet location	Notional amount		Fair value
Interest rate contracts	Other current assets	$	—	$	—	Other accrued liabilities	$	100.0	$	1.2
Foreign exchange contracts	Other current assets	204.3		4.9		Other accrued liabilities	244.9		5.4
Total				$	4.9				$	6.6

Fair Value Hedging [Member]

Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement

The following tables disclose the impact of derivative instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our income statement for the three and six month periods ended May 31, 2017 and 2016 (in millions):

Fair Value Hedges
Derivative	Income statement location	Income (expense)
		Three months ended May 31, 2017		Three months ended May 31, 2016		Six months ended May 31, 2017		Six months ended May 31, 2016
Interest rate contracts	Interest expense	$	0.2	$	0.3	$	0.5	$	0.9

Three months ended May 31,	Income statement location	Gain (loss) recognized in income					Income statement location	Gain (loss) recognized in income
Derivative		2017		2016		Hedged item		2017			2016
Foreign exchange contracts	Other income, net	$	5.0	$	—	Intercompany loans	Other income, net	$	(5.4	)	$	—

Six months ended May 31,	Income statement location	Gain (loss) recognized in income					Income statement location	Gain (loss) recognized in income
Derivative		2017		2016		Hedged item		2017			2016
Foreign exchange contracts	Other income, net	$	2.3	$	—	Intercompany loans	Other income, net	$	(2.9	)	$	—

Cash Flow Hedging [Member]

Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement

Cash Flow Hedges
Three months ended May 31,
Derivative	Gain or (loss) recognized in OCI						Income statement location	Gain or (loss) reclassified from AOCI
	2017			2016				2017			2016
Interest rate contracts	$	(3.0	)	$	—		Interest expense	$	—		$	—
Foreign exchange contracts	(1.4		)	(2.2		)	Cost of goods sold	0.7			1.8
Total	$	(4.4	)	$	(2.2	)		$	0.7		$	1.8
Six months ended May 31,
Derivative	Gain or (Loss) recognized in OCI						Income statement location	Gain or (Loss) reclassified from AOCI
	2017			2016				2017			2016
Interest rate contracts	$	(3.2	)	$	—		Interest expense	$	(0.1	)	$	(0.1	)
Foreign exchange contracts	(1.8		)	(0.1		)	Cost of goods sold	1.8			3.1
Total	$	(5.0	)	$	(0.1	)		$	1.7		$	3.0