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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Operating activities    
Net income $ 144.7 $ 148.0
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 41.9 40.3
Stock-based compensation 6.4 6.7
Income from unconsolidated operations (10.4) (10.1)
Changes in operating assets and liabilities (148.9) (92.7)
Dividends from unconsolidated affiliates 11.1 11.4
Net cash flow provided by operating activities 44.8 103.6
Investing activities    
Capital expenditures (including software) (38.5) (25.4)
Other investing activities 0.2 0.1
Net cash flow used in investing activities (38.3) (25.3)
Financing activities    
Short-term borrowings, net 125.2 44.3
Long-term debt borrowings (20.5) (21.5)
Proceeds from exercised stock options 7.7 6.7
Taxes withheld and paid on employee stock awards (3.0) (3.1)
Common stock acquired by purchase (19.9) (30.5)
Dividends paid (82.4) (75.3)
Net cash flow provided by (used in) financing activities 7.1 (79.4)
Effect of exchange rate changes on cash and cash equivalents 1.8 6.8
Increase in cash and cash equivalents 15.4 5.7
Cash and cash equivalents at beginning of period 155.4 96.6
Cash and cash equivalents at end of period $ 170.8 $ 102.3