Supplemental Financial Statement Data (Tables)

12 Months Ended

Nov. 30, 2024

Supplemental Financial Statement Data [Abstract]

Supplemental Income Statement, Balance Sheet And Cash Flow Information

Supplemental consolidated information with respect to our income statement, balance sheet, and cash flow follow:

For the year ended November 30 (millions)	2024		2023		2022
Other income, net
Gain (loss) on sale of business	$	—	$	(1.2)	$	49.6
Gain on settlement of treasury locks (1)	—		—		18.7
Pension and other postretirement benefit income	8.4		10.7		9.6
Interest income	45.9		36.6		17.8
Other	(6.9)		(2.2)		2.6
	$	47.4	$	43.9	$	98.3

(1) The settlement of these treasury locks is further described in Note 7.

On August 3, 2022, we sold the Kitchen Basics business for $95.2 million in cash, net of transaction expenses of $3.8 million. Assets disposed of principally included inventory, intangible assets ($6.3 million) and goodwill ($21.5 million). The sale of Kitchen Basics resulted in a pre-tax gain of $49.6 million.

At November 30 (millions)	2024		2023
Trade accounts receivable allowance for doubtful accounts	$	4.7	$	5.9
Inventories
Finished products	$	618.3	$	570.0
Raw materials and work-in-process	621.6		556.5
	$	1,239.9	$	1,126.5
Prepaid expenses	$	51.5	$	47.6
Other current assets	74.1		73.4
	$	125.6	$	121.0
Property, plant and equipment
Land and improvements	$	94.1	$	93.3
Buildings (including finance leases)	835.8		820.9
Machinery, equipment and other	1,571.2		1,440.3
Construction-in-progress	247.1		223.3
Accumulated depreciation	(1,335.2)		(1,253.1)
	$	1,413.0	$	1,324.7
Other long-term assets
Investments in affiliates	$	152.2	$	149.1
Long-term investments	130.5		115.0
Right of use asset	211.0		220.0
Software, net of accumulated amortization of $288.4 for 2024 and $270.1 for 2023	179.1		159.9
Pension asset	122.4		127.1
Other	176.7		148.1
	$	971.9	$	919.2
Other accrued liabilities
Payroll and employee benefits	$	192.8	$	222.1
Sales allowances	206.4		195.3
Dividends payable	120.7		112.6
Other	376.5		378.1
	$	896.4	$	908.1
Other long-term liabilities
Pension	$	84.4	$	81.8
Postretirement benefits	40.5		42.1
Operating lease liability	166.6		179.9
Unrecognized tax benefits	20.6		27.7
Other	124.5		147.3
	$	436.6	$	478.8

 

For the year ended November 30 (millions)	2024		2023		2022
Depreciation	$	143.3	$	135.3	$	136.3
Software amortization	21.9		19.1		18.9
Interest paid	210.1		203.6		148.8
Income taxes paid	221.0		118.3		192.4