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Consolidated Cash Flow Statement - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2021
Operating activities      
Net income $ 680.6 $ 682.0 $ 755.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 199.3 200.6 186.3
Stock-based compensation 63.4 60.3 66.6
Loss (gain) on the sale of businesses and intangible assets 1.2 (63.2) 0.0
Asset Impairment Charges 0.0 10.0 17.2
Business Combination, Amortization Of Inventory Fair Value Adjustments 0.0 0.0 6.3
Loss (gain) on sale of assets 0.2 (0.5) 0.2
Deferred income tax expense (benefit) (5.4) 21.8 36.0
Income from unconsolidated operations (56.4) (37.8) (52.2)
Changes in operating assets and liabilities (net of effect of businesses acquired and disposed):      
Trade accounts receivable 3.4 (45.8) (22.6)
Inventories 225.0 (205.3) (153.7)
Trade accounts payable (68.1) 125.3 34.9
Other assets and liabilities 109.0 (129.9) (81.4)
Dividends received from unconsolidated affiliates 85.1 34.0 35.4
Net cash provided by operating activities 1,237.3 651.5 828.3
Investing activities      
Acquisitions of businesses (net of cash acquired) 0.0 0.0 (706.4)
Proceeds from sale of business 1.0 95.2 0.0
Proceeds from sale of unconsolidated operation 0.0 0.0 65.4
Proceeds from sale of intangible asset 0.0 13.6 0.0
Capital expenditures (including expenditures for capitalized software) (263.9) (262.0) (278.0)
Other investing activities 2.4 6.8 10.4
Net cash used in investing activities (260.5) (146.4) (908.6)
Financing activities      
Short-term borrowings (repayments), net (964.6) 698.3 (346.7)
Proceeds from issuances of long-term debt 496.4 0.0 1,001.5
Payment of debt issuance costs (1.1) 0.0 (1.9)
Long-term debt repayments (268.1) (772.0) (257.1)
Proceeds from exercised stock options 16.6 41.4 13.5
Taxes withheld and paid on employee stock awards (10.8) (19.4) (15.4)
Common stock acquired by purchase (35.7) (38.8) (8.6)
Dividends paid (418.5) (396.7) (363.3)
Other financing activities 1.6 0.0 0.0
Net cash (used in) provided by financing activities (1,184.2) (487.2) 22.0
Effect of exchange rate changes on cash and cash equivalents 40.0 (35.6) (13.6)
Decrease in cash and cash equivalents (167.4) (17.7) (71.9)
Cash and cash equivalents at beginning of year 334.0 351.7 423.6
Cash and cash equivalents at end of year $ 166.6 $ 334.0 $ 351.7