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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Operating activities    
Net income $ 161.8 $ 144.7
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 48.1 41.9
Stock-based compensation 14.2 6.4
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities 6.3 0.0
Income from unconsolidated operations (13.3) (10.4)
Changes in operating assets and liabilities (256.3) (148.9)
Dividends from unconsolidated affiliates 7.0 11.1
Net cash flow (used in) provided by operating activities (32.2) 44.8
Acquisition of businesses (net of cash acquired) (706.6) 0.0
Investing activities    
Capital expenditures (including software) (48.6) (38.5)
Other investing activities 0.0 0.2
Net cash flow used in investing activities (755.2) (38.3)
Financing activities    
Short-term borrowings, net (292.4) 125.2
Long-term debt borrowings 1,000.4 0.0
Payment of debt issuance costs (1.1)  
Long-term debt repayments (1.8) (20.5)
Proceeds from exercised stock options 3.6 7.7
Taxes withheld and paid on employee stock awards (5.1) (3.0)
Common stock acquired by purchase (0.1) (19.9)
Dividends paid (90.8) (82.4)
Net cash flow provided by financing activities 612.7 7.1
Effect of exchange rate changes on cash and cash equivalents 7.2 1.8
(Decrease) increase in cash and cash equivalents (167.5) 15.4
Cash and cash equivalents at beginning of period 423.6 155.4
Cash and cash equivalents at end of period $ 256.1 $ 170.8