Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

May 31, 2023

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, 2023		November 30, 2022
Foreign currency translation adjustment (1)	$	(343.1)	$	(405.3)
Unrealized gain (loss) on foreign currency exchange contracts	(5.0)		3.8
Unamortized value of settled interest rate swaps	(2.9)		(0.6)
Pension and other postretirement costs	(80.5)		(78.5)
Accumulated other comprehensive loss	$	(431.5)	$	(480.6)

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, 2023		May 31, 2022		May 31, 2023		May 31, 2022
(Gains)/losses on cash flow hedges:
Interest rate derivatives	$	(0.2)	$	(0.2)	$	(0.3)	$	(0.3)	Interest expense
Foreign exchange contracts	(0.1)		(0.2)		(1.3)		—		Cost of goods sold
Total before tax	(0.3)		(0.4)		(1.6)		(0.3)
Tax effect	0.1		0.1		0.4		0.1		Income tax expense
Net, after tax	$	(0.2)	$	(0.3)	$	(1.2)	$	(0.2)
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (1)	$	0.1	$	0.1	$	0.1	$	0.1	Other income, net
Amortization of net actuarial (gains) losses (1)	$	(0.6)	$	2.3	(1.0)		4.9		Other income, net
Total before tax	(0.5)		2.4		(0.9)		5.0
Tax effect	0.1		(0.6)		0.2		(1.2)		Income tax expense
Net, after tax	$	(0.4)	$	1.8	$	(0.7)	$	3.8

(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).