Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2021

Fair Value Disclosures [Abstract]

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):

			February 28, 2021
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	256.1	$	256.1	$	—
Insurance contracts	124.1		—		124.1
Bonds and other long-term investments	6.2		6.2		—
Interest rate derivatives	31.2		—		31.2
Foreign currency derivatives	2.7		—		2.7
Cross currency contracts	0.2		—		0.2
Total	$	420.5	$	262.3	$	158.2
Liabilities
Foreign currency derivatives	$	13.2	$	—	$	13.2
Cross currency contracts	21.3		—		21.3
Total	$	34.5	$	—	$	34.5

			November 30, 2020
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	423.6	$	423.6	$	—
Insurance contracts	126.0		—		126.0
Bonds and other long-term investments	3.9		3.9		—
Interest rate derivatives	43.1		—		43.1
Foreign currency derivatives	1.4		—		1.4
Total	$	598.0	$	427.5	$	170.5
Liabilities
Foreign currency derivatives	$	8.2	$	—	$	8.2
Cross currency contracts	18.8		—		18.8
Total	$	27.0	$	—	$	27.0

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 (in millions):

	February 28, 2021		November 30, 2020
Carrying amount	$	5,005.1	$	4,017.7
Fair value	5,274.7		4,357.1
Level 1 valuation techniques	$	5,068.8	$	4,161.3
Level 2 valuation techniques	205.9		195.8
Total fair value	$	5,274.7	$	4,357.1