XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.1
CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Operating activities    
Net income $ 166.0 $ 139.1
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 45.8 47.8
Stock-based compensation 11.7 11.8
Income from unconsolidated operations (21.3) (14.0)
Trade accounts receivable 16.5 9.7
Inventories (2.3) (0.2)
Trade accounts payable 14.4 (54.8)
Other assets and liabilities (118.8) (49.9)
Dividends from unconsolidated affiliates 26.4 13.9
Net cash flow provided by operating activities 138.4 103.4
Investing activities    
Capital expenditures (including software) (62.0) (61.5)
Other investing activities 0.2 0.0
Net cash flow used in investing activities (61.8) (61.5)
Financing activities    
Short-term borrowings, net 57.3 67.9
Long-term debt repayments (14.1) (3.6)
Proceeds from exercised stock options 4.4 5.2
Taxes withheld and paid on employee stock awards (4.9) (6.1)
Common stock acquired by purchase (0.3) (3.5)
Dividends paid (112.7) (104.6)
Other financing activities 2.6 0.0
Net cash flow used in financing activities (67.7) (44.7)
Effect of exchange rate changes on cash and cash equivalents 2.5 25.6
Increase in cash and cash equivalents 11.4 22.8
Cash and cash equivalents at beginning of period 166.6 334.0
Cash and cash equivalents at end of period $ 178.0 $ 356.8