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Consolidated Cash Flow Statement - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2019
Operating activities      
Net income $ 755.3 $ 747.4 $ 702.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 186.3 165.0 158.8
Stock-based compensation 66.6 46.0 37.2
Asset Impairment Charges 17.2 0.0 0.0
Business Combination, Amortization Of Inventory Fair Value Adjustments 6.3 0.0 0.0
Loss (gain) on sale of assets 0.2 3.0 (1.6)
Deferred income tax expense (benefit) 36.0 (11.2) 20.9
Income from unconsolidated operations (52.2) (40.8) (40.9)
Changes in operating assets and liabilities (net of effect of businesses acquired):      
Trade accounts receivable (22.6) 4.8 12.2
Inventories (153.7) (200.2) (20.9)
Trade accounts payable 34.9 164.2 128.2
Other assets and liabilities (81.4) 133.8 (81.5)
Dividends received from unconsolidated affiliates 35.4 29.3 31.7
Net cash provided by operating activities 828.3 1,041.3 946.8
Investing activities      
Acquisitions of businesses (net of cash acquired) (706.4) (803.0) 0.0
Capital expenditures (including expenditures for capitalized software) (278.0) (225.3) (173.7)
Proceeds from Sales of Business, Affiliate and Productive Assets 65.4 0.0 0.0
Other investing activities 10.4 2.7 2.7
Net cash used in investing activities (908.6) (1,025.6) (171.0)
Financing activities      
Short-term borrowings, net (346.7) 286.5 41.0
Long-term debt borrowings 1,001.5 527.0 0.0
Payment of debt issuance costs (1.9) (1.1) 0.0
Long-term debt repayments (257.1) (257.7) (447.7)
Proceeds from exercised stock options 13.5 56.6 90.9
Taxes withheld and paid on employee stock awards (15.4) (13.0) (12.7)
Common stock acquired by purchase (8.6) (47.3) (95.1)
Dividends paid (363.3) (330.1) (302.2)
Net cash provided by (used in) financing activities 22.0 220.9 (725.8)
Effect of exchange rate changes on cash and cash equivalents (13.6) 31.6 8.8
(Decrease) increase in cash and cash equivalents (71.9) 268.2 58.8
Cash and cash equivalents at beginning of year 423.6 155.4 96.6
Cash and cash equivalents at end of year $ 351.7 $ 423.6 $ 155.4