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Income Taxes (Tables)
 12 Months Ended
Nov. 30, 2017
Income Tax Disclosure [Abstract]  
Provision For Income Taxes
The provision for income taxes consists of the following:
(millions)
2017
2016
2015
Income taxes
 
 
 
Current
 
 
 
Federal
$
67.1

$
127.7

$
78.8

State
6.2

15.1

9.1

International
53.9

50.2

42.4

 
127.2

193.0

130.3

Deferred
 
 
 
Federal
23.8

(29.6
)
9.3

State
0.9

(2.4
)
0.4

International
(0.6
)
(8.0
)
(8.7
)
 
24.1

(40.0
)
1.0

Total income taxes
$
151.3

$
153.0

$
131.3
Components Of Income From Consolidated Operations Before Income Taxes
The components of income from consolidated operations before income taxes follow:
(millions)
2017
2016
2015
Pretax income
 
 
 
United States
$
382.1

$
383.3

$
308.3

International
212.7

205.9

187.9

 
$
594.8

$
589.2

$
496.2
Reconciliation Of The U.S. Federal Statutory Rate With The Effective Tax Rate
A reconciliation of the U.S. federal statutory rate with the effective tax rate follows:
 
2017
2016
2015
Federal statutory tax rate
35.0
 %
35.0
 %
35.0
 %
State income taxes, net of federal benefits
0.8

1.4

1.2

International tax at different effective rates
(4.8
)
(6.7
)
(7.6
)
U.S. tax on remitted and unremitted earnings
0.4

0.4

1.1

Stock compensation expense
(1.6
)
—

—

U.S. manufacturing deduction
(1.8
)
(2.2
)
(1.9
)
Changes in prior year tax contingencies
(2.1
)
(1.8
)
(2.1
)
Other, net
(0.5
)
(0.1
)
0.8

Total
25.4
 %
26.0
 %
26.5
 %
Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities are comprised of the following:
(millions)
2017
2016
Deferred tax assets
 
 
Employee benefit liabilities
$
146.8

$
184.5

Other accrued liabilities
51.7

42.2

Inventory
12.4

5.5

Tax loss and credit carryforwards
50.2

39.3

Other
18.7

15.1

Valuation allowance
(26.0
)
(10.5
)
 
253.8

276.1

Deferred tax liabilities
 
 
Depreciation
52.3

38.1

Intangible assets
1,246.0

262.5

Other
6.1

6.1

 
1,304.4

306.7

Net deferred tax liability
$
(1,050.6
)
$
(30.6
)
Activity Related To Our Gross Unrecognized Tax Benefits
The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended November 30:
(millions)
2017
2016
2015
Balance at beginning of year
$
58.3

$
56.5

$
55.7

Additions for current year tax positions
7.3

10.3

8.9

Additions for prior year tax positions
0.9

2.4

3.2

Reductions for prior year tax positions
(8.4
)
—

(0.8
)
Settlements
(18.1
)
—

(0.1
)
Statute expirations
(2.1
)
(10.0
)
(8.1
)
Foreign currency translation
1.2

(0.9
)
(2.3
)
Balance at November 30
$
39.1

$
58.3

$
56.5