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Financing Arrangements and Financial Instruments (Tables)
 9 Months Ended
Aug. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Open Forward Foreign Currency Contract
The following is a summary of the notional amounts of outstanding foreign currency exchange contracts as of August 31, 2025 and November 30, 2024 (in millions):
August 31, 2025November 30, 2024
Fair value hedges$938.2 $818.1 
Cash flow hedge198.0 216.1 
Total$1,136.2 $1,034.2 
Fair values of derivative instruments on balance sheet
The following table discloses the notional amount and fair values of derivative instruments on our balance sheet (in millions):
Asset DerivativesLiability Derivatives
 Balance sheet
location		Notional
amount		Fair
value		Balance sheet
location		Notional
amount		Fair
value
As of August 31, 2025
Interest rate contractsOther current
assets / Other long-term assets		$— $— Other accrued
liabilities / Other long-term liabilities		$600.0 $24.9 
Foreign exchange contractsOther current
assets		701.9 3.4 Other accrued
liabilities		434.3 5.9 
Cross currency contractsOther current assets / Other long-term assets508.4 5.1 Other accrued liabilities / Other long-term liabilities518.8 19.5 
Total$8.5 $50.3 
As of November 30, 2024
Interest rate contractsOther current
assets / Other long-term assets		$— $— Other accrued
liabilities / Other long-term liabilities		$600.0 $37.9 
Foreign exchange contractsOther current
assets		374.4 5.2 Other accrued
liabilities		659.8 12.5 
Cross currency contractsOther current
assets / Other long-term assets		945.5 36.8 Other long-term liabilities— — 
Total$42.0 $50.4 
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement
The following tables disclose the impact of derivative instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI), and our consolidated income statement for the three and nine months ended August 31, 2025 and 2024 (in millions):
Fair Value Hedges
DerivativeIncome statement
location		Expense
Three months ended August 31,
Nine months ended August 31,
 2025202420252024
Interest rate contractsInterest expense$3.6 $5.2 $10.9 $15.4 
Income statement locationGain (loss) recognized in incomeIncome statement locationGain (loss) recognized in income
Derivative20252024Hedged item20252024
Three months ended August 31,
Foreign exchange contractsOther income, net$1.3 $(5.5)Intercompany loansOther income, net$(0.5)$4.6 
Nine months ended August 31,
Foreign exchange contractsOther income, net$(16.6)$(12.2)Intercompany loansOther income, net$16.6 $8.5 
T
Cash Flow Hedges
Loss
recognized in OCI		Income statement
location		Gain (loss)
reclassified from AOCI
Derivative2025202420252024
Three months ended August 31,
Interest rate contracts$— $— Interest
expense		$(0.1)$(0.2)
Foreign exchange contracts(0.6)(0.3)Cost of goods sold(0.7)0.4 
Total$(0.6)$(0.3)$(0.8)$0.2 
Nine months ended August 31,
Interest rate contracts$— $— Interest
expense		$(0.4)$(0.5)
Foreign exchange contracts(3.6)(0.6)Cost of goods sold(0.1)1.9 
Total$(3.6)$(0.6)$(0.5)$1.4 
Net Investment Hedges
Gain (loss)
recognized in OCI		Income statement
location		Gain excluded from the assessment of hedge effectiveness
Derivative20252024 20252024
Three months ended August 31,
Cross currency contracts$(15.5)$(9.4)Interest expense$2.7 $2.4 
Nine months ended August 31,
Cross currency contracts$(51.6)$(4.4)Interest expense$7.5 $7.0