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Consolidated Cash Flow Statement - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Operating activities      
Net income $ 788.5 $ 680.6 $ 682.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 208.8 199.3 200.6
Stock-based compensation 47.4 63.4 60.3
Loss (gain) on the sale of businesses 0.0 1.2 (63.2)
Asset Impairment Charges 0.0 0.0 10.0
(Gain) loss on sale of assets (2.1) 0.2 (0.5)
Deferred income tax expense (benefit) (30.3) (5.4) 21.8
Income from unconsolidated operations (74.2) (56.4) (37.8)
Changes in operating assets and liabilities (net of effect of businesses acquired and disposed):      
Trade accounts receivable (20.5) 3.4 (45.8)
Inventories (125.0) 225.0 (205.3)
Trade accounts payable 135.1 (68.1) 125.3
Other assets and liabilities (72.6) 109.0 (129.9)
Dividends received from unconsolidated affiliates 66.8 85.1 34.0
Net cash provided by operating activities 921.9 1,237.3 651.5
Investing activities      
Proceeds from sale of business 0.0 1.0 95.2
Proceeds from sale of intangible asset 0.0 0.0 13.6
Capital expenditures (including expenditures for capitalized software) (274.9) (263.9) (262.0)
Other investing activities 5.9 2.4 6.8
Net cash used in investing activities (269.0) (260.5) (146.4)
Financing activities      
Short-term borrowings (repayments), net 211.1 (964.6) 698.3
Proceeds from issuances of long-term debt 495.5 496.4 0.0
Payment of debt issuance costs (1.0) (1.1) 0.0
Long-term debt repayments (801.1) (268.1) (772.0)
Proceeds from exercised stock options 17.5 16.6 41.4
Taxes withheld and paid on employee stock awards (9.0) (10.8) (19.4)
Common stock acquired by purchase (53.1) (35.7) (38.8)
Dividends paid (451.0) (418.5) (396.7)
Other financing activities 8.0 1.6 0.0
Net cash used in financing activities (583.1) (1,184.2) (487.2)
Effect of exchange rate changes on cash and cash equivalents (50.3) 40.0 (35.6)
Increase (decrease) in cash and cash equivalents 19.5 (167.4) (17.7)
Cash and cash equivalents at beginning of year 166.6 334.0 351.7
Cash and cash equivalents at end of year $ 186.1 $ 166.6 $ 334.0