Fair Value Measurements (Tables)

6 Months Ended

May 31, 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):

			May 31, 2025
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	124.1	$	124.1	$	—
Insurance contracts	119.6		—		119.6
Bonds and other long-term investments	6.5		6.5		—
Foreign currency derivatives	2.8		—		2.8
Cross currency contracts	13.5		—		13.5
Total	$	266.5	$	130.6	$	135.9
Liabilities
Foreign currency derivatives	$	5.3	$	—	$	5.3
Interest rate derivatives	29.7		—		29.7
Cross currency contracts	12.9		—		12.9
Total	$	47.9	$	—	$	47.9

 

			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):

	May 31, 2025		November 30, 2024
Carrying amount	$	3,856.0	$	3,858.8
Level 1 valuation techniques	$	3,545.1	$	3,557.3
Level 2 valuation techniques	107.2		119.8
Total fair value	$	3,652.3	$	3,677.1