Fair Value Measurements (Tables)

9 Months Ended

Aug. 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):

			August 31, 2025
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	94.9	$	94.9	$	—
Insurance contracts	126.8		—		126.8
Bonds and money market fund	1.4		1.4		—
Foreign currency derivatives	3.4		—		3.4
Cross currency contracts	5.1		—		5.1
Total	$	231.6	$	96.3	$	135.3
Liabilities
Foreign currency derivatives	$	5.9	$	—	$	5.9
Interest rate derivatives	24.9		—		24.9
Cross currency contracts	19.5		—		19.5
Total	$	50.3	$	—	$	50.3

 

			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 money market fund	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):

	August 31, 2025		November 30, 2024
Carrying amount	$	3,862.2	$	3,858.8
Level 1 valuation techniques	$	3,607.7	$	3,557.3
Level 2 valuation techniques	106.6		119.8
Total fair value	$	3,714.3	$	3,677.1