Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Feb. 28, 2022

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 loss, net of tax, where applicable (in millions):

	February 28, 2022		November 30, 2021
Foreign currency translation adjustment (1)	$	(228.7)	$	(233.3)
Unrealized gain (loss) on foreign currency exchange contracts	5.1		0.6
Unamortized value of settled interest rate swaps	(0.4)		(0.2)
Pension and other postretirement costs	(192.0)		(193.6)
Accumulated other comprehensive loss	$	(416.0)	$	(426.5)

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 (in millions):

	Three months ended				Affected Line Items in the Condensed Consolidated Income Statement
	February 28, 2022		February 28, 2021
(Gains)/losses on cash flow hedges:
Interest rate derivatives	$	(0.1)	$	(0.1)	Interest expense
Foreign exchange contracts	0.2		(0.3)		Cost of goods sold
Total before tax	0.1		(0.4)
Tax effect	—		0.1		Income tax expense
Net, after tax	$	0.1	$	(0.3)
Amortization of pension and postretirement benefit adjustments:
Amortization of net actuarial losses (1)	$	2.6	$	3.4	Other income, net
Total before tax	2.6		3.4
Tax effect	(0.6)		(0.8)		Income tax expense
Net, after tax	$	2.0	$	2.6

(1)This accumulated other comprehensive income (loss) component is included in the computation of total pension (income) and other postretirement benefits expense (refer to note 5 for additional details). Amortization of net actuarial losses includes settlement losses.