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Financial Instruments (Tables)
12 Months Ended
Nov. 30, 2025
Derivative Instrument Detail [Abstract]  
Open Forward Foreign Currency Contract
The following is a summary of the notional amounts of outstanding foreign currency exchange contracts as of November 30, 2025 and 2024:

(millions)20252024
  Fair value hedges$877.3 $818.1 
  Cash flow hedges140.9 216.1 
Total$1,018.2 $1,034.2 
Schedule of Interest Rate Derivatives
The following is a summary of our outstanding interest rate swaps as of November 30, 2025 and 2024 ($ amounts in millions).
Fair value hedge of changes in fair value of:
$250 3.25% notes due 2025
$750 3.40% notes due 2027
$500 2.50% notes due 2030
Notional$100.0 $250.0 $250.0 
Receive rate3.25 %3.40 %2.50 %
Pay rate
SOFR + 1.487%(1)
SOFR + 0.907%(2)
SOFR + 0.684%
ExpirationNovember 2025August 2027April 2030
(1)In 2023, we amended our $100 million interest rate swaps which expired in November 2025 such that, effective February 15, 2023, we paid and received at USD SOFR plus 1.487% (previously U.S. three-month LIBOR plus 1.22%).
(2)In 2023, we amended our $250 million interest rate swaps which expire in August 2027 such that, effective February 15, 2023, we paid and received at USD SOFR plus 0.907% (previously U.S. three-month LIBOR plus 0.685%).
Fair Values Of Derivative Instruments
The following tables disclose the notional amount and fair values of derivative instruments on our consolidated balance sheet:
As of
November 30, 2025:
(millions)Asset DerivativesLiability Derivatives
DerivativesBalance sheet
location
Notional amountFair valueBalance sheet
location
Notional amountFair value
Interest rate contractsOther current 
assets/Other long-term assets
$— $— Other accrued liabilities/Other long-term liabilities$500.0 $20.8 
Foreign exchange contractsOther current assets894.6 6.5 Other accrued liabilities123.6 0.7 
Cross currency contractsOther current assets/Other long-term assets500.8 8.5 Other accrued liabilities/Other long-term liabilities511.1 18.1 
Total  $15.0   $39.6 
As of
November 30, 2024:
      
(millions)Asset DerivativesLiability Derivatives
DerivativesBalance sheet
location
Notional amountFair valueBalance sheet
location
Notional amountFair value
Interest rate contractsOther current 
assets/Other long-term assets
$— $— Other accrued liabilities/Other long-term liabilities$600.0 $37.9 
Foreign exchange contractsOther current assets374.4 5.2 Other accrued liabilities659.8 12.5 
Cross currency contractsOther current assets/Other long-term assets945.5 36.8 Other accrued liabilities/Other long-term liabilities— — 
Total  $42.0   $50.4 
Impact Of Derivative Instruments
The following tables disclose the impact of derivative instruments on our consolidated income statement, other comprehensive income (OCI), and accumulated other comprehensive income (AOCI) for the years ended November 30, 2025, 2024, and 2023:
Fair value hedges (millions)
 Income statement
location
Expense
Derivative202520242023
Interest rate contractsInterest expense$(14.1)$(19.7)$(17.7)
 
 Income statement locationLoss recognized in incomeIncome statement locationGain recognized in income
Derivative202520242023Hedged Item202520242023
Foreign exchange contractsOther income, net$(8.6)$(9.0)$(16.2)Intercompany loansOther income, net$7.6 $4.0 $15.6 
Cash flow hedges (millions)
 Loss
recognized in OCI
Income statement location      Gain (loss)
  reclassified from AOCI   
Derivative202520242023202520242023
Interest rate contracts$— $— $(2.6)Interest expense, Other income, net$(0.6)$(0.6)$0.1 
Foreign exchange contracts— (0.1)(0.7)Cost of goods sold (0.6)1.6 0.2 
Total$— $(0.1)$(3.3) $(1.2)$1.0 $0.3 
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
Net investment hedges (millions)
 Gain (loss)
recognized in OCI
Income statement location      Gain
excluded from the assessment of hedge effectiveness
Derivative202520242023202520242023
Cross currency contracts$(46.6)$19.5 $(18.4)Interest expense      $10.2 $9.1 $11.2