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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2019
Aug. 31, 2018
Net sales $ 1,329.2 $ 1,318.2 $ 3,862.6 $ 3,834.9
Cost of goods sold 789.3 795.7 2,347.3 2,346.6
Gross profit 539.9 522.5 1,515.3 1,488.3
Selling, general and administrative expense 278.7 283.7 839.9 852.7
Transaction and integration expenses (related to RB Foods acquisition) 0.0 5.6 0.0 22.1
Special charges 7.7 3.3 16.9 13.9
Operating income 253.5 229.9 658.5 599.6
Interest expense 41.3 44.7 126.7 130.7
Other income, net 6.9 4.8 19.3 13.5
Income from consolidated operations before income taxes 219.1 190.0 551.1 482.4
Income tax expense (benefit) 36.8 24.9 91.0 (213.1)
Net income from consolidated operations 182.3 165.1 460.1 695.5
Income from unconsolidated operations 9.6 8.4 29.2 23.9
Net income $ 191.9 $ 173.5 $ 489.3 $ 719.4
Earnings per share - basic (usd per share) $ 1.45 $ 1.32 $ 3.69 $ 5.47
Average shares outstanding - basic (shares) 132.8 131.6 132.5 131.4
Earnings per share - diluted (usd per share) $ 1.43 $ 1.30 $ 3.65 $ 5.41
Average shares outstanding - diluted (shares) 134.2 133.2 134.0 133.0
Common Stock, Dividends, Per Share, Declared $ 0.57 $ 0.52 $ 1.14 $ 1.04
Nonvoting Common Stock        
Cash dividends paid per common share (usd per share) 0.57 0.52 1.71 1.56
Common Stock, Dividends, Per Share, Declared 0.57 0.52 1.14 1.04
Common Stock        
Cash dividends paid per common share (usd per share) $ 0.57 $ 0.52 $ 1.71 $ 1.56