CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	May 31, 2023	Nov. 30, 2022
ASSETS
Cash and cash equivalents	$ 127.4	$ 334.0
Trade accounts receivable, net of allowances	557.2	573.7
Inventories, net
Finished products	627.2	649.0
Raw materials and work-in-process	649.0	691.1
Total inventory	1,276.2	1,340.1
Prepaid expenses and other current assets	143.2	138.9
Total current assets	2,104.0	2,386.7
Property, plant and equipment, net	1,249.6	1,198.0
Goodwill	5,235.4	5,212.9
Intangible assets, net	3,371.9	3,387.9
Other long-term assets	947.3	939.4
Total assets	12,908.2	13,124.9
LIABILITIES AND SHAREHOLDERS’ EQUITY
Short-term borrowings	460.2	1,236.7
Current portion of long-term debt	285.7	270.6
Trade accounts payable	1,100.0	1,171.0
Other accrued liabilities	641.2	754.1
Total current liabilities	2,487.1	3,432.4
Long-term debt	4,117.6	3,642.3
Deferred taxes	862.5	866.3
Other long-term liabilities	484.1	484.7
Total liabilities	7,951.3	8,425.7
Shareholders’ equity
Retained earnings	3,191.4	3,022.5
Accumulated other comprehensive loss	(431.5)	(480.6)
Total McCormick shareholders' equity	4,937.0	4,680.5
Non-controlling interests	19.9	18.7
Total shareholders’ equity	4,956.9	4,699.2
Total liabilities and shareholders’ equity	12,908.2	13,124.9
Common stock
Shareholders’ equity
Common stock	586.1	568.6
Common stock non-voting
Shareholders’ equity
Common stock	$ 1,591.0	$ 1,570.0