Income Taxes

3 Months Ended

Feb. 28, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Note 18. Income Taxes

At February 28, 2025 and November 30, 2024, our total gross

unrecognized tax benefits were $329.0 million and

$346.4 million, respectively.

At February 28, 2025 and November 30, 2024, we had interest

accrued of $168.0 million and $176.6 million, respectively,

included in Accrued expenses and other liabilities.

The total amount of unrecognized tax benefits that, if recognized,

would favorably affect the effective tax rate was $260.0 million

and $273.8 million (net of Federal benefit) at February 28, 2025

and November 30, 2024, respectively.

We recognize interest and penalties, if any, related to

unrecognized tax benefits in income tax expense.

We are currently under examination by a number of taxing

jurisdictions. Though we do not expect that resolution of these

examinations will have a material effect on our consolidated

financial position, they may have a material impact on our

consolidated results of operations for the period in which

resolution occurs.

Earliest tax years that remain subject to examination in the major

tax jurisdictions in which we operate:

Jurisdiction	Tax Year
United States ...........................................................................................	2021
New York State ........................................................................................	2001
New York City ..........................................................................................	2006
United Kingdom .......................................................................................	2022
Germany ...................................................................................................	2019
Hong Kong ...............................................................................................	2018
India ...........................................................................................................	2010

	Three Months Ended
$ in millions	February 28, 2025	February 29, 2024
Income tax expense ...........................	$14.2	$56.0
Effective tax rate .................................	9.4%	25.4%