Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Feb. 28, 2021

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of accumulated other comprehensive income (loss)

The following table sets forth the components of accumulated other comprehensive income (loss), net of tax, where applicable (in millions):

	February 28, 2021		November 30, 2020
Foreign currency translation adjustment (1)	$	(124.9)	$	(174.0)
Unrealized gain (loss) on foreign currency exchange contracts	(1.7)		(0.4)
Unamortized value of settled interest rate swaps	—		(0.1)
Pension and other postretirement costs	(295.9)		(296.3)
Accumulated other comprehensive loss	$	(422.5)	$	(470.8)

Reclassification out of Accumulated Other Comprehensive Income

The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the three months ended February 28, 2021 and February 29, 2020 (in millions):

					Affected Line Items in the Condensed Consolidated Income Statement
Accumulated Other Comprehensive Income (Loss) Components	2021		2020
(Gains)/losses on cash flow hedges:
Interest rate derivatives	$	(0.1)	$	(0.1)	Interest expense
Foreign exchange contracts	(0.3)		(0.4)		Cost of goods sold
Total before tax	(0.4)		(0.5)
Tax effect	0.1		0.1		Income taxes
Net, after tax	$	(0.3)	$	(0.4)
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (credit) (1)	$	—	$	(1.0)	Other income, net
Amortization of net actuarial losses (1)	3.4		2.4		Other income, net
Total before tax	3.4		1.4
Tax effect	(0.8)		(0.3)		Income taxes
Net, after tax	$	2.6	$	1.1

(1) This accumulated other comprehensive income (loss) component, including settlement losses, is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details).