Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2025

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 28, 2025
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	102.8	$	102.8	$	—
Insurance contracts	120.9		—		120.9
Bonds and other long-term investments	7.3		7.3		—
Foreign currency derivatives	7.2		—		7.2
Cross currency contracts	44.7		—		44.7
Total	$	282.9	$	110.1	$	172.8
Liabilities
Foreign currency derivatives	$	15.8	$	—	$	15.8
Interest rate derivatives	35.3		—		35.3
Total	$	51.1	$	—	$	51.1

 

			November 30, 2024
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	186.1	$	186.1	$	—
Insurance contracts	129.2		—		129.2
Bonds and other long-term investments	1.3		1.3		—
Foreign currency derivatives	5.2		—		5.2
Cross currency contracts	36.8		—		36.8
Total	$	358.6	$	187.4	$	171.2
Liabilities
Foreign currency derivatives	$	12.5	$	—	$	12.5
Interest rate derivatives	37.9		—		37.9
Total	$	50.4	$	—	$	50.4

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 28, 2025		November 30, 2024
Carrying amount	$	3,850.8	$	3,858.8
Level 1 valuation techniques	$	3,570.1	$	3,557.3
Level 2 valuation techniques	108.3		119.8
Total fair value	$	3,678.4	$	3,677.1