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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
May 31, 2025
May 31, 2024
Operating activities    
Net income $ 337.3 $ 350.2
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 110.9 102.9
Stock-based compensation 29.6 31.1
Deferred income tax benefit (12.1) (27.8)
Income from unconsolidated operations (37.1) (38.1)
Trade accounts receivable 23.2 (13.6)
Inventories (19.1) (28.9)
Trade accounts payable (74.5) 90.7
Other assets and liabilities (219.4) (209.2)
Dividends from unconsolidated affiliates 22.6 44.2
Net cash flow provided by operating activities 161.4 301.5
Investing activities    
Acquisition of business (19.8) 0.0
Capital expenditures (including software) (85.4) (130.3)
Other investing activities 0.0 0.2
Net cash flow used in investing activities (105.2) (130.1)
Financing activities    
Short-term borrowings (repayments), net 116.0 80.3
Long-term debt borrowings 0.9 0.0
Long-term debt repayments (13.6) (28.0)
Proceeds from exercised stock options 13.3 10.4
Taxes withheld and paid on employee stock awards (12.6) (8.9)
Common stock acquired by purchase (26.5) (4.5)
Dividends paid (241.5) (225.5)
Other financing activities 21.1 4.0
Net cash flow used in financing activities (142.9) (172.2)
Effect of exchange rate changes on cash and cash equivalents 24.7 0.5
Decrease in cash and cash equivalents (62.0) (0.3)
Cash and cash equivalents at beginning of period 186.1 166.6
Cash and cash equivalents at end of period $ 124.1 $ 166.3