Fair Value Measurements (Tables)

9 Months Ended

Aug. 31, 2019

Assets and liabilities measured at fair value on recurring basis

Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions):



			August 31, 2019
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	162.9	$	162.9	$	—
Insurance contracts	117.2		—		117.2
Bonds and other long-term investments	4.3		4.3		—
Interest rate derivatives	28.2		—		28.2
Foreign currency derivatives	2.2		—		2.2
Cross currency contracts	14.0		—		14.0
Total	$	328.8	$	167.2	$	161.6
Liabilities
Foreign currency derivatives	$	4.6	$	—	$	4.6
Cross currency contracts	13.4		—		13.4
Total	$	18.0	$	—	$	18.0



			August 31, 2018
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	73.0	$	73.0	$	—
Insurance contracts	123.7		—		123.7
Bonds and other long-term investments	4.4		4.4		—
Foreign currency derivatives	2.1		—		2.1
Total	$	203.2	$	77.4	$	125.8
Liabilities
Foreign currency derivatives	$	5.7	$	—	$	5.7
Interest rate derivatives	6.0		—		6.0
Total	$	11.7	$	—	$	11.7



			November 30, 2018
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	96.6	$	96.6	$	—
Insurance contracts	118.0		—		118.0
Bonds and other long-term investments	2.8		2.8		—
Foreign currency derivatives	4.4		—		4.4
Total	$	221.8	$	99.4	$	122.4
Liabilities
Foreign currency derivatives	$	6.4	$	—	$	6.4
Interest rate derivatives	6.4		—		6.4
Total	$	12.8	$	—	$	12.8

Fair Value, by Balance Sheet Grouping

The following table sets forth the carrying amounts and fair values of our long-term debt (including the current portion thereof) at August 31, 2019, August 31, 2018 and November 30, 2018 (in millions):



	August 31, 2019		August 31, 2018		November 30, 2018
Carrying amount	$	3,962.4	$	4,345.3	$	4,136.4
Fair value	4,153.7		4,294.5		4,039.4

Level 1 valuation techniques	$	3,475.0	$	3,218.0	$	3,172.7
Level 2 valuation techniques	678.7		1,076.5		866.7
Total fair value	$	4,153.7	$	4,294.5	$	4,039.4