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Consolidated Cash Flow Statement
€ in Millions, $ in Millions
12 Months Ended
Nov. 30, 2017
USD ($)
Nov. 30, 2016
USD ($)
Nov. 30, 2015
USD ($)
Operating activities      
Net income $ 477.4 $ 472.3 $ 401.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 125.2 108.7 105.9
Stock-based compensation 23.9 25.6 18.7
Brand name impairment included in special charges 0.0 0.0 9.6
Special charges and transaction and integration expenses 19.1 7.2 22.8
Amortization of inventory fair value adjustment associated with acquisition of RB Foods 20.9    
Loss on sale of assets 1.3 1.5 0.6
Deferred income tax expense (benefit) 24.1 (40.0) 1.0
Income from unconsolidated operations (33.9) (36.1) (36.7)
Increase (Decrease) in Financial Instruments Used in Operating Activities (2.9) 0.0 0.0
Changes in operating assets and liabilities (net of effect of businesses acquired):      
Trade accounts receivable (13.0) (21.0) 15.6
Inventories 44.6 (39.0) (18.0)
Trade accounts payable 98.2 47.0 40.4
Other assets and liabilities 6.8 94.5 (2.4)
Dividends received from unconsolidated affiliates 23.6 37.4 30.9
Net cash provided by operating activities 815.3 658.1 590.0
Investing activities      
Acquisitions of businesses (net of cash acquired) (4,327.4) (120.6) (210.9)
Proceeds from Divestiture of Businesses, Net of Cash Divested 0.0 4.2 0.0
Capital expenditures (182.4) (153.8) (128.4)
Proceeds from sale of property, plant and equipment 1.1 1.7 0.4
Proceeds from Life Insurance Policies 0.4 1.4 0.0
Net cash used in investing activities (4,508.3) (267.1) (338.9)
Financing activities      
Short-term borrowings, net (134.6) 251.7 (127.4)
Long-term debt borrowings 3,989.6 6.0 247.0
Payments of Debt Issuance Costs (7.7) 0.0 0.0
Long-term debt repayments (272.7) (202.0) (1.6)
Proceeds from exercised stock options 29.5 36.8 38.4
Payments Related to Tax Withholding for Share-based Compensation (5.8) (3.5) (5.3)
Payments of contingent consideration (19.7) 0.0 0.0
Purchase of minority interest 1.2 0.0 0.0
Proceeds from Issuance of Common Stock 554.0 0.0 0.0
Common stock acquired by purchase (137.8) (242.7) (145.8)
Dividends paid (237.6) (217.8) (204.9)
Net cash provided by (used in) financing activities 3,756.0 (371.5) (199.6)
Effect of exchange rate changes on cash and cash equivalents 5.4 (13.7) (16.2)
Increase in cash and cash equivalents 68.4 5.8 35.3
Cash and cash equivalents at beginning of year 118.4 112.6 77.3
Cash and cash equivalents at end of year 186.8 118.4 $ 112.6
Payments of Stock Issuance Costs $ 0.9    
Payments to acquire interest in joint venture   $ (0.9)