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Fair Value Measurements (Tables)

9 Months Ended

Aug. 31, 2020

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


			August 31, 2020
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	221.0	$	221.0	$	—
Insurance contracts	120.8		—		120.8
Bonds and other long-term investments	5.6		5.6		—
Interest rate derivatives	45.6		—		45.6
Foreign currency derivatives	18.1		—		18.1

Total	$	411.1	$	226.6	$	184.5
Liabilities
Foreign currency derivatives	$	21.3	$	—	$	21.3

Cross currency contracts	19.3		—		19.3
Total	$	40.6	$	—	$	40.6


			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


			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):