Fair Value Measurements (Tables)

3 Months Ended

Feb. 29, 2024

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on recurring basis

Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions):

			February 29, 2024
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	178.0	$	178.0	$	—
Insurance contracts	117.0		—		117.0
Bonds and other long-term investments	1.3		1.3		—
Foreign currency derivatives	2.6		—		2.6
Cross currency contracts	27.9		—		27.9
Total	$	326.8	$	179.3	$	147.5
Liabilities
Foreign currency derivatives	$	18.1	$	—	$	18.1
Interest rate derivatives	51.9		—		51.9
Cross currency contracts	4.9		—		4.9
Total	$	74.9	$	—	$	74.9

 

			November 30, 2023
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	166.6	$	166.6	$	—
Insurance contracts	114.7		—		114.7
Bonds and other long-term investments	0.3		0.3		—
Foreign currency derivatives	2.5		—		2.5
Cross currency contracts	24.6		—		24.6
Total	$	308.7	$	166.9	$	141.8
Liabilities
Foreign currency derivatives	$	16.0	$	—	$	16.0
Interest rate derivatives	52.8		—		52.8
Cross currency contracts	7.5		—		7.5
Total	$	76.3	$	—	$	76.3

Fair Value, by Balance Sheet Grouping

The following table sets forth the carrying amounts and fair values of our long-term debt including the current portion thereof (in millions):

	February 29, 2024		November 30, 2023
Carrying amount	$	4,127.5	$	4,139.2
Level 1 valuation techniques	$	3,727.1	$	3,682.0
Level 2 valuation techniques	144.8		159.0
Total fair value	$	3,871.9	$	3,841.0