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Income Taxes (Tables)
 12 Months Ended
Nov. 30, 2018
Income Tax Disclosure [Abstract]  
Provision For Income Taxes
The provision for income taxes for the years ended November 30 consists of the following:
(millions)
2018
2017
2016
Income taxes
 
 
 
Current
 
 
 
Federal
$
92.9

$
67.1

$
127.7

State
11.0

6.2

15.1

International
78.7

53.9

50.2

 
182.6

127.2

193.0

Deferred
 
 
 
Federal
(340.3
)
23.8

(29.6
)
State
1.5

0.9

(2.4
)
International
(1.1
)
(0.6
)
(8.0
)
 
(339.9
)
24.1

(40.0
)
Total income tax (benefit) expense
$
(157.3
)
$
151.3

$
153.0
Components Of Income From Consolidated Operations Before Income Taxes
The components of income from consolidated operations before income taxes for the years ended November 30 follow:
(millions)
2018
2017
2016
Pretax income
 
 
 
United States
$
492.2

$
382.1

$
383.3

International
249.1

212.7

205.9

 
$
741.3

$
594.8

$
589.2
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 for the years ended November 30 follows:
 
2018
2017
2016
Federal statutory tax rate
22.2
 %
35.0
 %
35.0
 %
State income taxes, net of federal benefits
1.5

0.8

1.4

International tax at different effective rates
0.4

(4.8
)
(6.7
)
U.S. tax on remitted and unremitted earnings
0.6

0.4

0.4

Stock compensation expense
(2.9
)
(1.6
)
—

U.S. manufacturing deduction
(0.8
)
(1.8
)
(2.2
)
Changes in prior year tax contingencies
(0.8
)
(2.1
)
(1.8
)
U.S. Tax Act
(40.7
)
—

—

Other, net
(0.7
)
(0.5
)
(0.1
)
Total
(21.2
)%
25.4
 %
26.0
 %
Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities are comprised of the following as of November 30:
(millions)
2018
2017
Deferred tax assets
 
 
Employee benefit liabilities
$
82.7

$
146.8

Other accrued liabilities
40.0

51.7

Inventory
8.0

12.4

Tax loss and credit carryforwards
57.2

50.2

Other
44.2

18.7

Valuation allowance
(32.9
)
(26.0
)
 
199.2

253.8

Deferred tax liabilities
 
 
Depreciation
77.8

52.3

Intangible assets
782.8

1,246.0

Other
5.3

6.1

 
865.9

1,304.4

Net deferred tax liability
$
(666.7
)
$
(1,050.6
)
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)
2018
2017
2016
Balance at beginning of year
$
39.1

$
58.3

$
56.5

Additions for current year tax positions
6.5

7.3

10.3

Additions for prior year tax positions
0.3

0.9

2.4

Reductions for prior year tax positions
(6.9
)
(8.4
)
—

Settlements
—

(18.1
)
—

Statute expirations
(9.1
)
(2.1
)
(10.0
)
Foreign currency translation
(2.0
)
1.2

(0.9
)
Balance at November 30
$
27.9

$
39.1

$
58.3