XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Income Statement [Abstract]        
Net sales $ 1,327.3 $ 1,114.3 $ 2,564.4 $ 2,158.0
Cost of goods sold 752.1 669.7 1,469.2 1,300.4
Gross profit 575.2 444.6 1,095.2 857.6
Selling, general and administrative expense 367.3 307.3 692.7 582.5
Transaction and integration expenses (related to RB Foods acquisition) 7.8 0.0 16.5 0.0
Special charges 8.4 4.7 10.6 8.3
Operating income 191.7 132.6 375.4 266.8
Interest expense 44.2 14.9 86.0 29.4
Other income, net 1.5 1.2 3.0 1.3
Income from consolidated operations before income taxes 149.0 118.9 292.4 238.7
Income tax expense (benefit) 33.1 27.3 (238.0) 60.6
Net income from consolidated operations 115.9 91.6 530.4 178.1
Income from unconsolidated operations 7.4 8.4 15.5 15.4
Net income $ 123.3 $ 100.0 $ 545.9 $ 193.5
Earnings per share - basic (usd per share) $ 0.94 $ 0.80 $ 4.16 $ 1.55
Average shares outstanding - basic (shares) 131.4 124.7 131.3 125.0
Earnings per share - diluted (usd per share) $ 0.93 $ 0.79 $ 4.11 $ 1.53
Average shares outstanding - diluted (shares) 132.9 126.4 132.9 126.7
Cash dividends paid per common share (usd per share) $ 0.52 $ 0.47 $ 1.04 $ 0.94
Cash dividends declared per share (usd per share) $ 0.52 $ 0.47 $ 0.52 $ 0.47