Acquisitions (Tables)

12 Months Ended

Nov. 30, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The preliminary allocation, net of cash acquired, of the fair value of the RB Foods acquisition is summarized in the table below (in millions):

Trade accounts receivable	$	36.9
Inventories	68.8
Property, plant and equipment	33.1
Goodwill	2,546.3
Intangible assets	2,595.0
Other assets	4.4
Trade accounts payable	(65.5		)
Other accrued liabilities	(35.4		)
Deferred taxes	(954.8		)
Other long-term liabilities	(23.1		)
Total	$	4,205.7

The following are the transaction and integration expenses that we have recorded in 2017 related to the RB Foods acquisition (in millions):

Transaction expenses included in cost of goods sold	$	20.9
Transaction expenses included in other debt costs	15.4
Other transaction expenses	23.2
Integration expenses	17.6
Total	$	77.1

Business Acquisition, Pro Forma Information

(in millions, except per share data)	Year ended November 30,
	2017		2016
	(Unaudited)
Net sales	$	5,209.0	$	4,969.3
Net income	548.7		465.5
Earnings per share – basic	$	4.19	$	3.50
Earnings per share – diluted	4.14		3.46