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Accumulated Other Comprehensive Income
 9 Months Ended
Aug. 31, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table sets forth the components of accumulated other comprehensive income (loss), net of tax where applicable (in millions):

 
August 31, 2015
 
August 31, 2014
 
November 30, 2014
Foreign currency translation adjustment
$
(152.3
)
 
$
126.8

 
$
32.1

Unrealized gain on foreign currency exchange contracts
2.1

 
0.3

 
3.0

Fair value of interest rate swaps (excluding settled interest rate swaps)
0.5

 
—

 
—

Unamortized value of settled interest rate swaps
2.8

 
2.4

 
2.9

Pension and other postretirement costs
(206.7
)
 
(159.1
)
 
(224.0
)
Accumulated other comprehensive loss
$
(353.6
)
 
$
(29.6
)
 
$
(186.0
)


The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the three and nine months ended August 31, 2015 and 2014 (in millions):


Three months ended August 31,

Nine months ended August 31,

Affected Line Items in the Condensed Consolidated Income Statement
Accumulated Other Comprehensive Income (Loss) Components

2015

2014

2015

2014

Gains (losses) on cash flow hedges:











Interest rate derivatives

$
—


$
—


$
(0.1
)

$
(0.1
)

Interest expense
Foreign exchange contracts

2.1


(0.3
)

5.4


(0.8
)

Cost of goods sold
Total before tax

2.1


(0.3
)

5.3


(0.9
)



Tax effect

(0.6
)

0.1


(1.2
)

0.3


Income taxes
Net, after tax

$
1.5


$
(0.2
)

$
4.1


$
(0.6
)















Amortization of pension and postretirement benefit adjustments:











Amortization of prior service costs (1)

$
—


$
0.1


$
0.2


$
0.3


SG&A expense/ Cost of goods sold
Amortization of net actuarial losses (1)

5.7


4.2


17.1


12.4


SG&A expense/ Cost of goods sold
Total before tax

5.7


4.3


17.3


12.7




Tax effect

(1.9
)

(1.4
)

(5.9
)

(4.3
)

Income taxes
Net, after tax

$
3.8


$
2.9


$
11.4


$
8.4





(1) This accumulated other comprehensive income component is included in the computation of total pension expense (refer to note 7 for additional details).