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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Operating activities    
Net income $ 546.7 $ 489.3
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 123.9 118.0
Stock-based compensation 37.8 30.6
Income from unconsolidated operations (30.2) (29.2)
Changes in operating assets and liabilities (74.9) (139.8)
Dividends from unconsolidated affiliates 23.4 25.7
Net cash flow provided by operating activities 626.7 494.6
Investing activities    
Capital expenditures (including software) (145.6) (107.1)
Other investing activities 2.3 2.6
Net cash flow used in investing activities (143.3) (104.5)
Financing activities    
Short-term borrowings, net (432.0) 124.4
Long-term debt borrowings 506.4 0.0
Payment of debt issuance costs (1.1)  
Long-term debt repayments (256.0) (214.6)
Proceeds from exercised stock options 54.1 84.6
Taxes withheld and paid on employee stock awards (10.7) (10.3)
Common stock acquired by purchase (46.0) (76.9)
Dividends paid (247.4) (226.4)
Net cash flow used in financing activities (432.7) (319.2)
Effect of exchange rate changes on cash and cash equivalents 14.9 (4.6)
Increase in cash and cash equivalents 65.6 66.3
Cash and cash equivalents at beginning of period 155.4 96.6
Cash and cash equivalents at end of period $ 221.0 $ 162.9