Goodwill And Intangible Assets (Tables)

12 Months Ended

Nov. 30, 2017

Goodwill And Intangible Assets [Abstract ]

Schedule Of Amortized And Non-Amortized Intangible Assets

The following table displays intangible assets as of November 30:

	2017				2016
(millions)	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
Definite-lived intangible assets	$	329.1	$	66.5	$	161.1	$	48.4
Indefinite-lived intangible assets:
Goodwill	4,490.1		—		1,771.4		—
Brand names and trademarks	2,808.5		—		312.2		—
	7,298.6		—		2,083.6		—
Total goodwill and intangible assets	$	7,627.7	$	66.5	$	2,244.7	$	48.4

Changes In The Carrying Amount Of Goodwill

The changes in the carrying amount of goodwill by segment for the years ended November 30, 2017 and 2016 were as follows:

	2017					2016
(millions)	Consumer			Industrial		Consumer			Industrial
Beginning of year	$	1,608.3		$	163.1	$	1,587.7		$	171.6
Changes in preliminary purchase price allocation	(7.1		)	—		(23.2		)	—
Increases in goodwill from acquisitions	1,697.5			929.3		62.2			—
Decreases in goodwill from exit of consolidated joint venture	—			—		—			(2.6		)
Foreign currency fluctuations	86.7			12.3		(18.4		)	(5.9		)
End of year	$	3,385.4		$	1,104.7	$	1,608.3		$	163.1

A preliminary valuation of the acquired net assets of RB Foods resulted in the allocation of $1,697.5 million and $848.8 million of goodwill to the consumer segment and industrial segment, respectively. We acquired Giotti in December 2016 (see note 2). We completed the final valuation of the acquired net assets of Giotti during the fourth quarter of 2017 which resulted in the allocation of $80.5 million of goodwill to the industrial segment. During fiscal 2017, we also finalized the purchase accounting for our 2016 acquisitions of Gourmet Garden and Cajun Injector, which resulted in a $7.1 million reduction in our consumer segment's goodwill.