Acquisitions (Tables)

12 Months Ended

Nov. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Transaction and Integration Expenses

The following are the transaction and integration expenses recognized related to the Cholula and FONA acquisitions for the years ended November 30 (in millions):

	2023		2022		2021
Transaction-related expenses included in cost of goods sold	$	—	$	—	$	6.3
Other transaction expenses	—		—		13.8
Integration expenses	—		2.2		15.2
Total transaction and integration expenses	$	—	$	2.2	$	35.3

We valued finished goods and work-in-process inventory associated with our December 30, 2020, purchase of FONA International, LLC and certain of its affiliates (FONA) and our November 30, 2020 acquisition of Cholula using a net realizable value approach, which resulted in total a step-up of $6.3 million that was recognized in cost of goods sold in 2021 as the related inventory was sold. Raw materials and packaging inventory was valued using the replacement cost approach.