XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Operating activities    
Net income $ 162.3 $ 166.0
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 53.8 45.8
Stock-based compensation 20.0 11.7
Deferred income tax benefit (9.2) (2.8)
Income from unconsolidated operations (17.4) (21.3)
Trade accounts receivable 65.2 16.5
Inventories (11.7) (2.3)
Trade accounts payable (70.9) 14.4
Other assets and liabilities (84.9) (116.0)
Dividends from unconsolidated affiliates 8.3 26.4
Net cash flow provided by operating activities 115.5 138.4
Investing activities    
Capital expenditures (including software) (37.1) (62.0)
Other investing activities 0.0 0.2
Net cash flow used in investing activities (37.1) (61.8)
Financing activities    
Short-term borrowings (repayments), net (25.9) 57.3
Long-term debt repayments (11.5) (14.1)
Proceeds from exercised stock options 6.7 4.4
Taxes withheld and paid on employee stock awards (6.7) (4.9)
Common stock acquired by purchase (17.2) (0.3)
Dividends paid (120.7) (112.7)
Other financing activities 20.1 2.6
Net cash flow used in financing activities (155.2) (67.7)
Effect of exchange rate changes on cash and cash equivalents (6.5) 2.5
(Decrease) increase in cash and cash equivalents (83.3) 11.4
Cash and cash equivalents at beginning of period 186.1 166.6
Cash and cash equivalents at end of period $ 102.8 $ 178.0