Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2026

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):

			February 28, 2026
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	177.7	$	177.7	$	—
Insurance contracts	127.7		—		127.7
Bonds and money market fund	7.5		7.5		—
Foreign currency derivatives	9.6		—		9.6
Cross currency contracts	3.8		—		3.8
Commodity contracts	34.3		22.6		11.7
Total	$	360.6	$	207.8	$	152.8
Liabilities
Foreign currency derivatives	$	13.1	$	—	$	13.1
Interest rate derivatives	18.6		—		18.6
Cross currency contracts	23.2		—		23.2
Commodity contracts	7.5		7.5		—
Total	$	62.4	$	7.5	$	54.9

 

			November 30, 2025
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	95.9	$	95.9	$	—
Insurance contracts	131.0		—		131.0
Bonds and money market fund	1.9		1.9		—
Foreign currency derivatives	6.5		—		6.5
Cross currency contracts	8.5		—		8.5
Total	$	243.8	$	97.8	$	146.0
Liabilities
Foreign currency derivatives	$	0.7	$	—	$	0.7
Interest rate derivatives	20.8		—		20.8
Cross currency contracts	18.1		—		18.1
Total	$	39.6	$	—	$	39.6

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):

	February 28, 2026		November 30, 2025
Carrying amount	$	3,613.5	$	3,614.9
Level 1 valuation techniques	$	3,432.6	$	3,401.1
Level 2 valuation techniques	102.9		104.8
Total fair value	$	3,535.5	$	3,505.9