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Leases (Tables)
12 Months Ended
Nov. 30, 2022
Leases [Abstract]  
Lease Cost
The following presents the components of our lease expense for the years ended November 30 (in millions):
202220212020
Operating lease cost$47.0 $45.0 $41.2 
Finance lease cost:
Amortization of ROU assets9.0 9.0 9.0 
Interest on lease liabilities4.1 4.3 4.5 
Net lease cost$60.1 $58.3 $54.7 
(1) Net lease cost does not include short-term leases, variable lease costs or sublease income, all of which are immaterial.
Supplemental cash flow and other information related to leases for the years ended November 30 were as follows (in millions):
20222021
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows used for operating leases$41.4 $45.4 
Operating cash flows used for finance leases4.1 4.3 
Financing cash flows used for finance leases7.3 7.1 
ROU assets obtained in exchange for lease liabilities
Operating leases$133.8 $47.8 
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases as of November 30 were as follows (in millions):
LeasesClassification20222021
Assets:
Operating lease ROU assetsOther long-term assets$218.9 $136.8 
Finance lease ROU assetsProperty, plant and equipment, net103.0 112.1 
Total leased assets$321.9 $248.9 
Liabilities:
Current
Operating Other accrued liabilities $54.4 $34.3 
FinanceCurrent portion of long-term debt7.8 7.5 
Non-current
Operating Other long-term liabilities176.1 106.1 
FinanceLong-term debt110.5 118.2 
Total lease liabilities$348.8 $266.1 
Information Regarding Lease Terms and Discount Rates Information regarding our lease terms and discount rates as of November 30 were as follows:
20222021
Weighted-average remaining lease term (years)Weighted-average discount rateWeighted-average remaining lease term (years)Weighted-average discount rate
Operating leases5.83.7 %6.81.9 %
Finance leases11.93.3 %12.93.3 %
Lease Maturity
The future maturity of our lease liabilities as of November 30, 2022 were as follows (in millions):
Operating leasesFinance leasesTotal
2023$58.3 $11.3 $69.6 
202450.9 11.5 62.4 
202543.3 11.7 55.0 
202639.0 11.9 50.9 
202734.1 12.2 46.3 
Thereafter31.8 89.9 121.7 
Total lease payments257.4 148.5 405.9 
Less: Imputed interest26.9 30.2 57.1 
Total lease liabilities$230.5 $118.3 $348.8 
Lease Maturity
The future maturity of our lease liabilities as of November 30, 2022 were as follows (in millions):
Operating leasesFinance leasesTotal
2023$58.3 $11.3 $69.6 
202450.9 11.5 62.4 
202543.3 11.7 55.0 
202639.0 11.9 50.9 
202734.1 12.2 46.3 
Thereafter31.8 89.9 121.7 
Total lease payments257.4 148.5 405.9 
Less: Imputed interest26.9 30.2 57.1 
Total lease liabilities$230.5 $118.3 $348.8