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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Operating activities    
Net income $ 1,022.3 $ 163.4
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 63.0 53.8
Stock-based compensation 20.7 20.0
Amortization of inventory fair value adjustments associated with acquisition 15.0 0.0
Deferred income tax benefit (7.5) (9.2)
Income from unconsolidated operations (19.2) (18.5)
Gain on remeasurement of previously held equity interest (866.8) 0.0
Trade accounts receivable 18.7 65.2
Inventories 35.1 (11.7)
Trade accounts payable (98.7) (70.9)
Other assets and liabilities (145.6) (84.9)
Dividends from unconsolidated affiliates 13.9 8.3
Net cash flow provided by operating activities 50.9 115.5
Investing activities    
Acquisition of business, net of cash acquired (729.9) 0.0
Capital expenditures (including software) (32.5) (37.1)
Net cash flow used in investing activities (762.4) (37.1)
Financing activities    
Short-term borrowings (repayments), net 928.5 (25.9)
Long-term debt borrowings (net of debt issuance costs of $0.5) 497.4 0.0
Long-term debt repayments (502.2) (11.5)
Proceeds from exercised stock options 12.6 6.7
Taxes withheld and paid on employee stock awards (9.2) (6.7)
Common stock acquired by purchase (10.9) (17.2)
Dividends paid (128.9) (120.7)
Other financing activities (5.6) 20.1
Net cash flow provided by (used in) financing activities 781.7 (155.2)
Effect of exchange rate changes on cash and cash equivalents 11.6 (6.5)
Increase (decrease) in cash and cash equivalents 81.8 (83.3)
Cash and cash equivalents at beginning of period 95.9 186.1
Cash and cash equivalents at end of period $ 177.7 $ 102.8