Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2022

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, 2022
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	338.4	$	338.4	$	—
Insurance contracts	126.8		—		126.8
Bonds and other long-term investments	4.1		4.1		—
Interest rate derivatives	14.6		—		14.6
Foreign currency derivatives	7.7		—		7.7
Cross currency contracts	10.9		—		10.9
Total	$	502.5	$	342.5	$	160.0
Liabilities
Foreign currency derivatives	$	2.8	$	—	$	2.8
Cross currency contracts	14.1		—		14.1
Total	$	16.9	$	—	$	16.9

 

			November 30, 2021
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	351.7	$	351.7	$	—
Insurance contracts	132.2		—		132.2
Bonds and other long-term investments	5.1		5.1		—
Interest rate derivatives	23.1		—		23.1
Foreign currency derivatives	8.3		—		8.3
Cross currency contracts	4.4		—		4.4
Total	$	524.8	$	356.8	$	168.0
Liabilities
Foreign currency derivatives	$	2.8	$	—	$	2.8
Cross currency contracts	8.0		—		8.0
Total	$	10.8	$	—	$	10.8

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, 2022		November 30, 2021
Carrying amount	$	4,735.3	$	4,743.6
Level 1 valuation techniques	$	4,571.8	$	4,722.3
Level 2 valuation techniques	196.3		199.2
Total fair value	$	4,768.1	$	4,921.5