Accumulated Other Comprehensive Income

12 Months Ended

Nov. 30, 2015

Other Comprehensive Income (Loss), Net of Tax [Abstract]

COMPREHENSIVE INCOME

9.  ACCUMULATED OTHER COMPREHENSIVE LOSS

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

	2015			2014
Accumulated other comprehensive loss, net of tax where applicable
Foreign currency translation adjustment	$	(206.6	)	$	32.1
Unrealized gain on foreign currency exchange contracts	1.5			3.0
Unamortized value of settled interest rate swaps	2.1			2.9
Pension and other postretirement costs	(203.1		)	(224.0		)
	$	(406.1	)	$	(186.0	)

The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the years ended November 30, 2015, 2014 and 2013:

(millions)										Affected line items in the consolidated income statement
Accumulated Other Comprehensive Income (Loss) Components	2015			2014			2013
(Gains)/losses on cash flow hedges:
Interest rate derivatives	$	0.2		$	0.2		$	1.3		Interest expense
Foreign exchange contracts	(7.1		)	1.1			(0.3		)	Cost of goods sold
Total before taxes	(6.9		)	1.3			1.0
Tax effect	1.8			(0.3		)	(0.3		)	Income taxes
Net, after tax	$	(5.1	)	$	1.0		$	0.7
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (1)	$	0.3		$	0.3		$	(0.8	)	SG&A expense/ Cost of goods sold
Amortization of net actuarial losses (1)	22.8			16.4			36.5			SG&A expense/ Cost of goods sold
Total before taxes	23.1			16.7			35.7
Tax effect	(7.9		)	(5.7		)	(12.1		)	Income taxes
Net, after tax	$	15.2		$	11.0		$	23.6

(1) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and total other postretirement expense (refer to note 10 for additional details).