Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Feb. 28, 2026

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of accumulated other comprehensive income (loss)

The following table sets forth the components of accumulated other comprehensive income (loss), net of tax, where applicable (in millions):

	February 28, 2026		November 30, 2025
Foreign currency translation adjustment (1)	$	(73.5)	$	(269.9)
Unrealized net gain (loss) on cash flow hedges (2)	15.9		(3.2)
Unamortized value of settled interest rate swaps	(1.1)		(1.1)
Pension and other postretirement costs	(90.2)		(88.9)
Accumulated other comprehensive loss attributable to McCormick	$	(148.9)	$	(363.1)

(1)During the three months ended February 28, 2026, the foreign currency translation adjustment of accumulated other comprehensive loss decreased on a net basis by $196.4 million, inclusive of $9.4 million of unrealized losses associated with net investment hedges and $40.6 million of foreign currency translation loss associated with our prior 50% ownership interest in McCormick de Mexico that was reclassified from accumulated other comprehensive loss as more fully described in Note 2. Net investment hedges are more fully described in Note 4.

(2)During the three months ended February 28, 2026, the unrealized net gain on cash flow hedges increased on a net basis by $19.1 million, inclusive of $4.2 million unrealized net loss on cash flow hedges associated with our prior 50% ownership interest in McCormick de Mexico that was reclassified from accumulated other comprehensive loss as more fully described in Note 2. Cash flow hedges are more fully described in Note 4.

Reclassification out of Accumulated Other Comprehensive Income

The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income (in millions):

	Three months ended				Affected Line Items in the Condensed Consolidated Income Statement
	February 28, 2026		February 28, 2025
(Gains)/losses on cash flow hedges:
Interest rate derivatives	$	(0.1)	$	0.1	Interest expense
Foreign exchange contracts	0.6		0.1		Cost of goods sold
Commodity contracts	(1.5)		—		Cost of goods sold
Total before tax	(1.0)		0.2
Tax effect	0.3		—		Income tax expense
Net, after tax	$	(0.7)	$	0.2
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (1)	$	0.1	$	—	Other income, net
Amortization of net actuarial (gains)(1)	$	(0.4)	$	(0.3)	Other income, net
Total before tax	(0.3)		(0.3)
Tax effect	0.1		0.1		Income tax expense
Net, after tax	$	(0.2)	$	(0.2)
Reclassification as a result of McCormick de Mexico acquisition:
Amounts reclassified into earnings upon acquisition of controlling interest	$	44.8	$	—	Income from unconsolidated operations
Total before tax	44.8		—
Tax effect	—		—		Income tax expense
Net, after tax	$	44.8	$	—

    

(1)This accumulated other comprehensive income (loss) component is included in the computation of total pension (income) and other postretirement benefits expense (refer to Note 6 for additional details).