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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Operating activities    
Net income $ 139.1 $ 154.9
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 47.8 49.0
Stock-based compensation 11.8 11.1
Income from unconsolidated operations (14.0) (9.3)
Trade accounts receivable 9.7 33.2
Inventories (0.2) (49.9)
Trade accounts payable (54.8) 5.2
Other assets and liabilities (49.9) (185.5)
Dividends from unconsolidated affiliates 13.9 9.2
Net cash flow provided by operating activities 103.4 17.9
Investing activities    
Capital expenditures (including software) (61.5) (43.7)
Net cash flow used in investing activities (61.5) (43.7)
Financing activities    
Short-term borrowings, net 67.9 97.3
Long-term debt repayments (3.6) (3.5)
Proceeds from exercised stock options 5.2 30.3
Taxes withheld and paid on employee stock awards (6.1) (12.0)
Common stock acquired by purchase (3.5) (8.7)
Dividends paid (104.6) (99.0)
Net cash flow (used in) provided by financing activities (44.7) 4.4
Effect of exchange rate changes on cash and cash equivalents 25.6 8.1
Increase (decrease) in cash and cash equivalents 22.8 (13.3)
Cash and cash equivalents at beginning of period 334.0 351.7
Cash and cash equivalents at end of period $ 356.8 $ 338.4