Accumulated Other Comprehensive Loss

9 Months Ended

Aug. 31, 2025

The following is a summary of the components of "Accumulated other comprehensive loss," net of related income taxes:


	Three Months Ended August 31, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at June 1, 2025	$	(138.4)	$	(59.7)	$	(215.0)	$	—	$	(413.1)
Other comprehensive (loss) income before reclassifications	(0.5)		(15.4)		26.5		0.2		10.8
Amounts reclassified from accumulated other comprehensive loss	2.1		(5.1)		—		—		(3.0)
Net increase (decrease) in other comprehensive (loss) income	1.6		(20.5)		26.5		0.2		7.8
Accumulated other comprehensive (loss) income at August 31, 2025	$	(136.8)	$	(80.2)	$	(188.5)	$	0.2	$	(405.3)


	Nine Months Ended August 31, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at December 1, 2024	$	(141.2)	$	(9.0)	$	(284.3)	$	—	$	(434.5)
Other comprehensive (loss) income before reclassifications	(1.2)		(65.1)		95.8		0.2		$	29.7
Amounts reclassified from accumulated other comprehensive loss	5.6		(6.1)		—		—		$	(0.5)
Net increase (decrease) in other comprehensive (loss) income	4.4		(71.2)		95.8		0.2		29.2
Accumulated other comprehensive (loss) income at August 31, 2025	$	(136.8)	$	(80.2)	$	(188.5)	$	0.2	$	(405.3)

___________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 5.


	Three Months Ended August 25, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at May 26, 2024	$	(150.2)	$	(27.2)	$	(197.3)	$	(374.7)
Other comprehensive (loss) income before reclassifications	(0.4)		(11.0)		(34.9)		(46.3)
Amounts reclassified from accumulated other comprehensive loss	2.3		0.2		—		2.5
Net increase (decrease) in other comprehensive income (loss)	1.9		(10.8)		(34.9)		(43.8)
Accumulated other comprehensive loss at August 25, 2024	$	(148.3)	$	(38.0)	$	(232.2)	$	(418.5)


	Nine Months Ended August 25, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at November 26, 2023	$	(153.2)	$	(42.0)	$	(195.7)	$	(390.9)
Other comprehensive (loss) income before reclassifications	(1.8)		(14.2)		(36.5)		(52.5)
Amounts reclassified from accumulated other comprehensive loss	6.7		18.2		—		24.9
Net increase (decrease) in other comprehensive (loss) income	4.9		4.0		(36.5)		(27.6)
Accumulated other comprehensive loss at August 25, 2024	$	(148.3)	$	(38.0)	$	(232.2)	$	(418.5)

_____________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 5.