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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Operating activities    
Net income $ 557.9 $ 546.7
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 139.1 123.9
Stock-based compensation 54.2 37.8
Asset Impairment Charges 6.5  
Amortization of inventory fair value adjustments associated with acquisitions 6.3 0.0
Income from unconsolidated operations (45.8) (30.2)
Trade accounts receivable 1.3 18.4
Inventories (156.5) (129.4)
Trade accounts payable (16.7) 47.4
Other assets and liabilities (195.2) (11.3)
Dividends from unconsolidated affiliates 21.8 23.4
Net cash flow provided by operating activities 372.9 626.7
Investing activities    
Acquisition of businesses (net of cash acquired) (706.4) 0.0
Proceeds from sale of unconsolidated operation 65.4  
Capital expenditures (including software) (189.9) (145.6)
Other investing activities 0.3 2.3
Net cash flow used in investing activities (830.6) (143.3)
Financing activities    
Short-term borrowings, net (118.9) (432.0)
Long-term debt borrowings 1,001.5 506.4
Payment of debt issuance costs (1.9) (1.1)
Long-term debt repayments (255.3) (256.0)
Proceeds from exercised stock options 10.5 54.1
Taxes withheld and paid on employee stock awards (13.3) (10.7)
Common stock acquired by purchase (3.2) (46.0)
Dividends paid (272.4) (247.4)
Net cash flow provided by (used in) financing activities 347.0 (432.7)
Effect of exchange rate changes on cash and cash equivalents (0.3) 14.9
(Decrease) increase in cash and cash equivalents (111.0) 65.6
Cash and cash equivalents at beginning of period 423.6 155.4
Cash and cash equivalents at end of period $ 312.6 $ 221.0