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Fair Value Measurements (Tables)

6 Months Ended

May 31, 2020

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


			May 31, 2020
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	185.0	$	185.0	$	—
Insurance contracts	111.1		—		111.1
Bonds and other long-term investments	7.3		7.3		—
Interest rate derivatives	47.1		—		47.1
Foreign currency derivatives	10.3		—		10.3
Cross currency contracts	10.9		—		10.9
Total	$	371.7	$	192.3	$	179.4
Liabilities
Foreign currency derivatives	$	2.6	$	—	$	2.6

Cross currency contracts	11.7		—		11.7
Total	$	14.3	$	—	$	14.3


			May 31, 2019
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	139.4	$	139.4	$	—
Insurance contracts	111.8		—		111.8
Bonds and other long-term investments	6.5		6.5		—
Interest rate derivatives	12.1		—		12.1
Foreign currency derivatives	6.9		—		6.9
Cross currency contracts	7.1		—		7.1
Total	$	283.8	$	145.9	$	137.9
Liabilities
Foreign currency derivatives	$	1.6	$	—	$	1.6

Cross currency contracts	7.7		—		7.7
Total	$	9.3	$	—	$	9.3


			November 30, 2019
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	155.4	$	155.4	$	—
Insurance contracts	121.7		—		121.7
Bonds and other long-term investments	2.7		2.7		—
Interest rate derivatives	20.9		—		20.9
Foreign currency derivatives	3.3		—		3.3
Cross currency contracts	3.2		—		3.2
Total	$	307.2	$	158.1	$	149.1
Liabilities
Foreign currency derivatives	$	3.6	$	—	$	3.6


Total	$	3.6	$	—	$	3.6

The following table sets forth the carrying amounts and fair values of our long-term debt including the current portion thereof (in millions):