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Fair Value Measurements (Tables)
 9 Months Ended
Aug. 31, 2017
Fair Value Disclosures [Abstract]  
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):
 
 
 
 
August 31, 2017
  
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
166.1

 
$
166.1

 
$
—

 
$
—

Insurance contracts
 
115.2

 
—

 
115.2

 
—

Bonds and other long-term investments
 
8.1

 
8.1

 
—

 
—

Interest rate derivatives
 
0.3

 
—

 
0.3

 
—

Foreign currency derivatives
 
5.5

 
—

 
5.5

 
—

Total
 
$
295.2

 
$
174.2

 
$
121.0

 
$
—

Liabilities
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
9.1

 
$
—

 
$
9.1

 
$
—

Total
 
$
9.1

 
$
—

 
$
9.1

 
$
—


 
 
 
 
August 31, 2016
  
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
134.2

 
$
134.2

 
$
—

 
$
—

Insurance contracts
 
106.6

 
—

 
106.6

 
—

Bonds and other long-term investments
 
10.0

 
10.0

 
—

 
—

Interest rate derivatives
 
5.5

 
—

 
5.5

 
—

Foreign currency derivatives
 
3.4

 
—

 
3.4

 
—

Total
 
$
259.7

 
$
144.2

 
$
115.5

 
$
—

Liabilities
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
2.3

 
$
—

 
$
2.3

 
$
—

Contingent consideration related to D&A acquisition
 
30.1

 
—

 
—

 
30.1

Total
 
$
32.4

 
$
—

 
$
2.3

 
$
30.1

 
 
 
 
 
November 30, 2016
  
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
118.4

 
$
118.4

 
$
—

 
$
—

Insurance contracts
 
106.0

 
—

 
106.0

 
—

Bonds and other long-term investments
 
10.2

 
10.2

 
—

 
—

Foreign currency derivatives
 
4.9

 
—

 
4.9

 
—

Total
 
$
239.5

 
$
128.6

 
$
110.9

 
$
—

Liabilities
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
5.4

 
$
—

 
$
5.4

 
$
—

Interest rate derivatives
 
1.2

 
—

 
1.2

 
—

Contingent consideration related to D&A acquisition
 
28.9

 
—

 
—

 
28.9

Total
 
$
35.5

 
$
—

 
$
6.6

 
$
28.9
Fair Value, by Balance Sheet Grouping
The following table sets forth the carrying amounts and fair values of our long-term debt (including the current portion thereof) at August 31, 2017, August 31, 2016 and November 30, 2016 (in millions):
 
August 31, 2017
 
August 31, 2016
 
November 30, 2016
Carrying amount
$
5,027.8

 
$
1,057.3

 
$
1,056.9

Fair value
5,154.7

 
1,155.3

 
1,118.3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The change in fair value of our Level 3 liabilities, which relates solely to the contingent consideration related to our acquisition of D&A prior to the agreed settlement in May 2017, for the nine months ended August 31, 2017 and 2016 is summarized as follows (in millions):
 
Beginning of year
 
Changes in fair value including accretion
 
Impact of foreign currency
 
Effect of agreed upon settlement
 
Balance as of end of period
Nine months ended August 31, 2017
$
28.9

 
$
0.3

 
$
1.7

 
$
(30.9
)
 
$
—

Nine months ended August 31, 2016
$
27.1

 
$
1.3

 
$
1.7

 
$
—

 
$
30.1