Balance Sheet Accounts (Tables)

3 Months Ended

Feb. 28, 2014

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Fair Value of Financial Instruments

The following are measured at fair value:

	Total		Fair value measurement at February 28, 2014
			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In millions)
Money market funds	$	124.9	$	124.9	$	—	$	—

	Total		Fair value measurement at November 30, 2013
			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In millions)
Money market funds	$	174.4	$	174.4	$	—	$	—

Summary of Cash and Cash Equivalents and Grantor Trust by Investment Type

As of February 28, 2014, a summary of cash and cash equivalents and the grantor trust by investment type is as follows:

	Total		Cash and Cash Equivalents		Money Market Funds
	(In millions)
Cash and cash equivalents	$	144.1	$	31.2	$	112.9
Grantor trust (included as a component of other current and noncurrent assets)		12.0		—		12.0
	$	156.1	$	31.2	$	124.9

Estimated Fair Value and Principal Amount of Outstanding Debt

The estimated fair value and principal amount for the Company’s outstanding debt is presented below:

	Fair Value				Principal Amount
	February 28, 2014		November 30, 2013		February 28, 2014		November 30, 2013
	(In millions)
Term loan	$	44.4	$	45.0	$	44.4	$	45.0
7.125% Second-Priority Senior Secured Notes due 2021 (the “7  1⁄8% Notes”)		500.5		494.5		460.0		460.0
4  1⁄16% Debentures		392.2		398.1		188.7		193.2
Other debt		1.0		1.0		1.0		1.0
	$	938.1	$	938.6	$	694.1	$	699.2

Schedule of Accounts Receivable

 Accounts Receivable

	February 28, 2014			November 30, 2013
	(In millions)
Billed	$	115.6		$	96.3
Unbilled		101.7			138.0
Reserve for overhead rate disallowance		(19.1	)		(20.5	)
Total receivables under long-term contracts		198.2			213.8
Other receivables		1.0			0.3
Accounts receivable	$	199.2		$	214.1

Components of Inventories

Inventories

	February 28, 2014			November 30, 2013
	(In millions)
Long-term contracts at average cost	$	409.2		$	347.7
Progress payments		(271.2	)		(242.4	)
Total long-term contract inventories		138.0			105.3
Total other inventories		1.2			0.6
Inventories	$	139.2		$	105.9

Schedule of Property, Plant and Equipment, Net

Property, Plant and Equipment, net

	February 28, 2014			November 30, 2013
	(In millions)
Land	$	67.2		$	67.2
Buildings and improvements		221.3			219.5
Machinery and equipment		465.4			464.7
Construction-in-progress		80.6			76.1
		834.5			827.5
Less: accumulated depreciation		(461.8	)		(452.8	)
Property, plant and equipment, net	$	372.7		$	374.7

Schedule of Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill since November 30, 2013 were as follows (in millions):

November 30, 2013	$	159.6
Purchase accounting adjustments related to Rocketdyne Business acquisition		(0.2	)
February 28, 2014	$	159.4

Schedule of Other Noncurrent Assets, Net

Other Noncurrent Assets, net

	February 28, 2014		November 30, 2013
	(In millions)
Recoverable from the U.S. government for restructuring costs	$	21.6	$	13.3
Deferred financing costs		17.4		18.3
Recoverable from the U.S. government for conditional asset retirement obligations		16.1		15.6
Grantor trust		11.1		11.4
Indemnification receivable from UTC		6.8		10.0
Other		3.5		4.1
Other noncurrent assets, net	$	76.5	$	72.7

Schedule of Other Current Liabilities

Other Current Liabilities

	February 28, 2014		November 30, 2013
	(In millions)
Accrued compensation and employee benefits	$	116.2	$	97.4
Payable to UTC for Transition Service Agreements		18.6		20.4
Interest payable		18.5		12.3
Contract loss provisions		7.4		10.5
Other		51.4		65.4
Other current liabilities	$	212.1	$	206.0

Schedule of Other Noncurrent Liabilities

Other Noncurrent Liabilities

	February 28, 2014		November 30, 2013
	(In millions)
Conditional asset retirement obligations	$	23.3	$	22.9
Pension benefits, non-qualified		17.2		17.2
Deferred compensation		9.9		9.8
Deferred revenue		7.9		8.0
Other		15.8		15.9
Other noncurrent liabilities	$	74.1	$	73.8

Schedule of Accumulated Other Comprehensive Loss, Net of Income Taxes

Changes in accumulated other comprehensive loss by components, net of $5.0 million of income taxes, related to the Company’s retirement benefit plans are as follows:

	Actuarial Losses, Net			Prior Service Credits, Net			Total
	(In millions)
November 30, 2013	$	(226.2	)	$	3.8		$	(222.4	)
Amounts reclassified from accumulated other comprehensive loss		7.6			(0.1	)		7.5
February 28, 2014	$	(218.6	)	$	3.7		$	(214.9	)