Segment Reporting (Tables)

6 Months Ended

May 31, 2017

Segment Reporting [Abstract]

Net Revenues, Expenses and Total Assets by Segment

Our net revenues, expenses and earnings (loss) before income taxes by reportable business segment are summarized below (in millions):

	Three Months Ended   May 31,					Six Months Ended   May 31,
	2017			2016		2017			2016
Capital Markets:
Net revenues	$	778.6		$	696.5	$	1,561.2		$	959.8
Expenses	651.7			602.3		1,308.4			1,135.4
Earnings (loss) before income taxes	$	126.9		$	94.2	$	252.8		$	(175.6	)
Asset Management:
Net revenues	$	0.7		$	22.9	$	13.6		$	58.6
Expenses	11.4			14.5		26.0			30.3
Earnings (loss) before income taxes	$	(10.7	)	$	8.4	$	(12.4	)	$	28.3
Total:
Net revenues	$	779.3		$	719.4	$	1,574.8		$	1,018.4
Expenses	663.1			616.8		1,334.4			1,165.7
Earnings (loss) before income taxes	$	116.2		$	102.6	$	240.4		$	(147.3	)

The following table summarizes our total assets by reportable business segment (in millions):

	May 31, 2017		November 30, 2016
Total Assets by Reportable Business Segment:
Capital Markets	$	39,139.7	$	35,931.8
Asset Management	939.3		1,009.5
Total assets	$	40,079.0	$	36,941.3

Net Revenues by Geographic Region

Net revenues by geographic region were as follows (in thousands):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2017		2016		2017		2016
Americas (1)	$	637,387	$	569,293	$	1,247,236	$	757,002
Europe (2)	123,027		126,791		279,301		223,224
Asia	18,880		23,324		48,270		38,169
Net revenues	$	779,294	$	719,408	$	1,574,807	$	1,018,395

(1) Substantially all relates to U.S. results.

(2) Substantially all relates to U.K. results.