Acquisitions (Tables)

12 Months Ended

Nov. 30, 2018

Schedule of Business Acquisitions, by Acquisition

The following are the transaction and integration expenses related to the RB Foods acquisition that we have recorded for the years ended November 30 (in millions):



	2018		2017
Transaction expenses included in cost of goods sold	$	—	$	20.9
Transaction expenses included in other debt costs	—		15.4
Other transaction expenses	0.3		23.2
Integration expenses	22.2		17.6
Total	$	22.5	$	77.1

During 2018, we completed the final valuation of the RB Foods acquisition which resulted in the following fair value allocations, net of cash acquired, summarized in the table below (in millions):



Trade accounts receivable	$	36.9
Inventories	67.1
Property, plant and equipment	38.5
Goodwill	2,648.5
Intangible assets	2,430.0
Other assets	4.4
Trade accounts payable	(65.8		)
Other accrued liabilities	(35.0		)
Deferred taxes	(893.9		)
Other long-term liabilities	(20.8		)
Total	$	4,209.9

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