CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	May 31, 2025	Nov. 30, 2024
ASSETS
Cash and cash equivalents	$ 124.1	$ 186.1
Trade accounts receivable, net of allowances	584.5	587.4
Inventories, net
Finished products	613.0	618.3
Raw materials and work-in-process	694.5	621.6
Total inventory	1,307.5	1,239.9
Prepaid expenses and other current assets	150.2	125.6
Total current assets	2,166.3	2,139.0
Property, plant and equipment, net	1,417.2	1,413.0
Goodwill	5,291.5	5,227.5
Intangible assets, net	3,308.8	3,318.9
Other long-term assets	1,006.6	971.9
Total assets	13,190.4	13,070.3
LIABILITIES AND SHAREHOLDERS’ EQUITY
Short-term borrowings	598.9	483.1
Current portion of long-term debt	756.7	265.2
Trade accounts payable	1,177.9	1,238.1
Other accrued liabilities	652.2	896.4
Total current liabilities	3,185.7	2,882.8
Long-term debt	3,099.3	3,593.6
Deferred taxes	823.0	840.5
Other long-term liabilities	452.0	436.6
Total liabilities	7,560.0	7,753.5
Shareholders’ equity
Retained earnings	3,739.0	3,545.0
Accumulated other comprehensive loss	(401.2)	(491.2)
Total McCormick shareholders’ equity	5,601.4	5,291.0
Non-controlling interests	29.0	25.8
Total shareholders’ equity	5,630.4	5,316.8
Total liabilities and shareholders’ equity	13,190.4	13,070.3
Common stock
Shareholders’ equity
Common stock	583.3	587.6
Common stock non-voting
Shareholders’ equity
Common stock	$ 1,680.3	$ 1,649.6