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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Operating activities    
Net income $ 461.3 $ 496.3
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 150.4 148.2
Stock-based compensation 51.1 49.1
Gain on the sale of intangible asset 0.0 (13.6)
Gain on the sale of a business 0.0 (49.6)
Asset impairment charge 0.0 10.0
Income from unconsolidated operations (37.7) (27.2)
Trade accounts receivable (22.9) (43.6)
Inventories 139.7 (238.5)
Trade accounts payable (90.4) 100.8
Other assets and liabilities (41.9) (209.6)
Dividends from unconsolidated affiliates 50.5 27.8
Net cash flow provided by operating activities 660.1 250.1
Investing activities    
Proceeds from sale of business 0.0 95.2
Proceeds from sale of intangible asset 0.0 13.6
Capital expenditures (including software) (187.2) (166.8)
Other investing activities 2.4 2.5
Net cash flow used in investing activities (184.8) (55.5)
Financing activities    
Short-term borrowings, net (850.0) 898.1
Long-term debt borrowings 496.4 0.0
Payment of debt issuance costs (1.1) 0.0
Long-term debt repayments (12.7) (768.7)
Proceeds from exercised stock options 15.9 39.9
Taxes withheld and paid on employee stock awards (10.8) (19.4)
Common stock acquired by purchase (26.7) (26.1)
Dividends paid (313.8) (297.5)
Other financing activities 1.6 0.0
Net cash flow used in financing activities (701.2) (173.7)
Effect of exchange rate changes on cash and cash equivalents 46.6 (28.7)
Decrease in cash and cash equivalents (179.3) (7.8)
Cash and cash equivalents at beginning of period 334.0 351.7
Cash and cash equivalents at end of period $ 154.7 $ 343.9