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Income Taxes (Tables)
 12 Months Ended
Nov. 30, 2025
Income Tax Disclosure [Abstract]  
Provision For Income Taxes
The provision for income taxes for the years ended November 30 consists of the following:
(millions)202520242023
Income taxes
Current
Federal$76.6 $103.0 $82.4 
State17.0 16.6 15.1 
International108.7 94.7 82.4 
 202.3 214.3 179.9 
Deferred
Federal2.6 (15.2)(2.2)
State(9.6)(6.3)2.7 
International0.5 (8.8)(5.9)
 (6.5)(30.3)(5.4)
Total income tax expense$195.8 $184.0 $174.5 
Components Of Income From Consolidated Operations Before Income Taxes
The components of income from consolidated operations before income taxes for the years ended November 30 follow:
(millions)202520242023
Pretax income
United States$620.4 $634.8 $569.6 
International292.6 263.5 229.1 
 $913.0 $898.3 $798.7 
Reconciliation Of The U.S. Federal Statutory Rate With The Effective Tax Rate
A reconciliation of the U.S. federal statutory rate with the effective tax rate for the years ended November 30 follows:
202520242023
Federal statutory tax rate21.0 %21.0 %21.0 %
State income taxes, net of federal benefits0.7 0.9 1.9 
International tax at different effective rates0.7 0.6 0.3 
U.S. tax on remitted and unremitted earnings2.1 1.8 0.9 
Changes in prior year tax contingencies(1.1)(1.4)(0.8)
Legal entity reorganization— (2.3)— 
Valuation allowances— 0.7 (0.4)
U.S. research credits(1.4)(1.3)(1.5)
Other, net(0.6)0.5 0.4 
Total21.4 %20.5 %21.8 %
Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities are comprised of the following as of November 30:
(millions)20252024
Deferred tax assets
Employee benefit liabilities$39.4 $48.9 
Other accrued liabilities37.9 36.0 
Inventory17.9 18.3 
Tax loss and credit carryforwards76.4 69.0 
Lease liabilities10.9 10.6 
Research expenditures86.3 64.0 
Other27.8 28.0 
Valuation allowance(41.1)(33.5)
 255.5 241.3 
Deferred tax liabilities
Depreciation107.7 96.8 
Intangible assets852.1 849.5 
Lease ROU assets20.0 16.1 
Other12.6 19.7 
 992.4 982.1 
Net deferred tax liability$(736.9)$(740.8)
Schedule of Unrecognized Tax Benefits Roll Forward
The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended November 30:
(millions)202520242023
Balance at beginning of year$17.8 $24.0 $25.1 
Additions for current year tax positions2.9 4.4 3.9 
Additions for prior year tax positions0.1 — 1.3 
Reductions of prior year tax positions(4.0)— (3.6)
Statute expirations(4.6)(10.5)(1.3)
Settlements— — (1.3)
Foreign currency translation0.1 (0.1)(0.1)
Balance at November 30$12.3 $17.8 $24.0