Accounting Policies (Tables)

9 Months Ended

Aug. 31, 2019

Accounting Policies [Abstract]

Schedule of Change in Accounting Policy

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

	Accounting Changes
	Previously Reported		Revenue Recognition (1)			Pension			Recast (1)
For the three months ended August 31, 2018:
Net sales	$	1,345.3	$	(27.1	)	$	—		$	1,318.2
Cost of goods sold	750.4		44.7			0.6			795.7
Gross profit	594.9		(71.8		)	(0.6		)	522.5
Selling, general and administrative expense	353.0		(71.8		)	2.5			283.7
Operating income	233.0		—			(3.1		)	229.9
Other income, net	1.7		—			3.1			4.8
For the nine months ended August 31, 2018:
Net sales	$	3,909.7	$	(74.8	)	$	—		$	3,834.9
Cost of goods sold	2,219.6		125.2			1.8			2,346.6
Gross profit	1,690.1		(200.0		)	(1.8		)	1,488.3
Selling, general and administrative expense	1,045.7		(200.0		)	7.0			852.7
Operating income	608.4		—			(8.8		)	599.6
Other income, net	4.7		—			8.8			13.5