Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

May 31, 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):

	May 31, 2022		November 30, 2021
Foreign currency translation adjustment (1)	$	(287.0)	$	(233.3)
Unrealized gain on foreign currency exchange contracts	8.6		0.6
Fair value of treasury locks	12.9		—
Unamortized value of settled interest rate swaps	(0.4)		(0.2)
Pension and other postretirement costs	(188.7)		(193.6)
Accumulated other comprehensive loss	$	(454.6)	$	(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				Six months ended				Affected Line Items in the Condensed Consolidated Income Statement
	May 31, 2022		May 31, 2021		May 31, 2022		May 31, 2021
(Gains)/losses on cash flow hedges:
Interest rate derivatives	$	(0.2)	$	(0.1)	$	(0.3)	$	(0.2)	Interest expense
Foreign exchange contracts	(0.2)		0.6		—		0.3		Cost of goods sold
Total before tax	(0.4)		0.5		(0.3)		0.1
Tax effect	0.1		(0.1)		0.1		—		Income tax expense
Net, after tax	$	(0.3)	$	0.4	$	(0.2)	$	0.1
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (credit) (1)	$	0.1	$	0.1	$	0.1	$	0.1	Other income, net
Amortization of net actuarial losses (1)	$	2.3	$	3.6	4.9		7.0		Other income, net
Total before tax	2.4		3.7		5.0		7.1
Tax effect	(0.6)		(0.9)		(1.2)		(1.7)		Income tax expense
Net, after tax	$	1.8	$	2.8	$	3.8	$	5.4

(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.