Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2019

Assets and liabilities measured at fair value on recurring basis

Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions):



			February 28, 2019
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	102.3	$	102.3	$	—
Insurance contracts	111.5		—		111.5
Bonds and other long-term investments	8.1		8.1		—
Interest rate derivatives	0.1		—		0.1
Foreign currency derivatives	3.2		—		3.2
Total	$	225.2	$	110.4	$	114.8
Liabilities
Foreign currency derivatives	$	4.8	$	—	$	4.8
Interest rate derivatives	4.0		—		4.0
Cross currency contracts	9.2		—		9.2
Total	$	18.0	$	—	$	18.0



			February 28, 2018
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	179.6	$	179.6	$	—
Insurance contracts	119.6		—		119.6
Bonds and other long-term investments	6.5		6.5		—
Foreign currency derivatives	11.0		—		11.0
Total	$	316.7	$	186.1	$	130.6
Liabilities
Foreign currency derivatives	$	4.8	$	—	$	4.8
Interest rate derivatives	5.7		—		5.7
Total	$	10.5	$	—	$	10.5



			November 30, 2018
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	96.6	$	96.6	$	—
Insurance contracts	118.0		—		118.0
Bonds and other long-term investments	2.8		2.8		—
Foreign currency derivatives	4.4		—		4.4
Total	$	221.8	$	99.4	$	122.4
Liabilities
Foreign currency derivatives	$	6.4	$	—	$	6.4
Interest rate derivatives	6.4		—		6.4
Total	$	12.8	$	—	$	12.8

Fair Value, by Balance Sheet Grouping

The following table sets forth the carrying amounts and fair values of our long-term debt (including the current portion thereof) at February 28, 2019, February 28, 2018 and November 30, 2018 (in millions):



	February 28, 2019		February 28, 2018		November 30, 2018
Carrying amount	$	4,119.8	$	4,454.2	$	4,136.4
Fair value	4,068.8		4,452.5		4,039.4

Level 1 valuation techniques	$	3,222.2	$	3,264.7	$	3,172.7
Level 2 valuation techniques	846.6		1,187.8		866.7
Total fair value	$	4,068.8	$	4,452.5	$	4,039.4