Accounting Policies (Tables)

6 Months Ended

May 31, 2019

Accounting Policies [Abstract]

Schedule of Change in Accounting Policy

he adoption of the Revenue Recognition ASU and the Pension ASU, on a retrospective basis, impacted our previously reported results for the three and six months ended May 31, 2018 as follows:

	Accounting Changes
	Previously Reported		Revenue Recognition (1)			Pension			Recast (1)
For the three months ended May 31, 2018:
Net sales	$	1,327.3	$	(26.0	)	$	—		$	1,301.3
Cost of goods sold	752.1		43.2			0.6			795.9
Gross profit	575.2		(69.2		)	(0.6		)	505.4
Selling, general and administrative expense	367.3		(69.2		)	2.5			300.6
Operating income	191.7		—			(3.1		)	188.6
Other income, net	1.5		—			3.1			4.6
For the six months ended May 31, 2018:
Net sales	$	2,564.4	$	(47.7	)	$	—		$	2,516.7
Cost of goods sold	1,469.2		80.5			1.2			1,550.9
Gross profit	1,095.2		(128.2		)	(1.2		)	965.8
Selling, general and administrative expense	692.7		(128.2		)	4.5			569.0
Operating income	375.4		—			(5.7		)	369.7
Other income, net	3.0		—			5.7			8.7