XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Operating activities    
Net income $ 148.0 $ 422.6
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 40.3 36.6
Stock-based compensation 6.7 4.3
U.S. Tax Act, Non-cash Income Tax Expense (Benefit) 0.0 (297.9)
Income from unconsolidated operations (10.1) (8.1)
Changes in operating assets and liabilities (92.7) (185.0)
Dividends from unconsolidated affiliates 11.4 7.0
Net cash flow provided by (used in) operating activities 103.6 (20.5)
Investing activities    
Acquisition of businesses 0.0 (4.2)
Capital expenditures (including software) (25.4) (31.3)
Other Investing Activities 0.1 0.3
Net cash flow used in investing activities (25.3) (35.2)
Financing activities    
Short-term borrowings, net 44.3 423.6
Long-term debt borrowings 0.0 6.4
Long-term debt borrowings (21.5) (319.8)
Proceeds from exercised stock options 6.7 16.9
Taxes withheld and paid on employee stock awards (3.1) (2.9)
Common stock acquired by purchase (30.5) (16.8)
Dividends paid (75.3) (68.2)
Net cash flow (used in) provided by financing activities (79.4) 39.2
Effect of exchange rate changes on cash and cash equivalents 6.8 9.3
Increase (decrease) in cash and cash equivalents 5.7 (7.2)
Cash and cash equivalents at beginning of period 96.6 186.8
Cash and cash equivalents at end of period $ 102.3 $ 179.6