Fair Value Measurements (Tables)

6 Months Ended

May 31, 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):

			May 31, 2022
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	325.8	$	325.8	$	—
Insurance contracts	119.5		—		119.5
Bonds and other long-term investments	1.4		1.4		—
Interest rate derivatives	16.9		—		16.9
Foreign currency derivatives	7.1		—		7.1
Cross currency contracts	25.2		—		25.2
Total	$	495.9	$	327.2	$	168.7
Liabilities
Foreign currency derivatives	$	4.7	$	—	$	4.7
Interest rate derivatives	16.8		—		16.8
Cross currency contracts	6.0		—		6.0
Total	$	27.5	$	—	$	27.5

 

			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):

	May 31, 2022		November 30, 2021
Carrying amount	$	4,691.1	$	4,743.6
Level 1 valuation techniques	$	4,320.5	$	4,722.3
Level 2 valuation techniques	183.5		199.2
Total fair value	$	4,504.0	$	4,921.5