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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Net sales $ 1,301.9 $ 1,301.3 $ 2,533.4 $ 2,516.7
Cost of goods sold 793.4 795.9 1,558.0 1,550.9
Gross profit 508.5 505.4 975.4 965.8
Selling, general and administrative expense 293.3 300.6 561.2 569.0
Transaction and integration expenses (related to RB Foods acquisition) 0.0 7.8 0.0 16.5
Special charges 7.1 8.4 9.2 10.6
Operating income 208.1 188.6 405.0 369.7
Interest expense 42.4 44.2 85.4 86.0
Other income, net 6.3 4.6 12.4 8.7
Income from consolidated operations before income taxes 172.0 149.0 332.0 292.4
Income tax expense (benefit) 32.1 33.1 54.2 (238.0)
Net income from consolidated operations 139.9 115.9 277.8 530.4
Income from unconsolidated operations 9.5 7.4 19.6 15.5
Net income $ 149.4 $ 123.3 $ 297.4 $ 545.9
Earnings per share - basic (usd per share) $ 1.13 $ 0.94 $ 2.25 $ 4.16
Average shares outstanding - basic (shares) 132.3 131.4 132.3 131.3
Earnings per share - diluted (usd per share) $ 1.12 $ 0.93 $ 2.22 $ 4.11
Average shares outstanding - diluted (shares) 133.9 132.9 133.9 132.9
Common Stock, Dividends, Per Share, Declared $ 0.57 $ 0.52 $ 0.57 $ 0.52
Nonvoting Common Stock        
Cash dividends paid per common share (usd per share) 0.57 0.52 1.14 1.04
Common Stock, Dividends, Per Share, Declared 0.57 0.52 0.57 0.52
Common Stock        
Cash dividends paid per common share (usd per share) $ 0.57 $ 0.52 $ 1.14 $ 1.04