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Consolidated Cash Flow Statement - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2013
Operating activities      
Net income $ 401.6 $ 437.9 $ 389.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 105.9 102.7 106.0
Stock-based compensation 18.7 18.2 18.7
Brand name impairment included in special charges 9.6 0.0 6.4
Special charges 22.8 5.2 18.6
Loss on voluntary pension settlement 0.0 0.0 15.3
Loss on sale of assets 0.6 1.3 0.3
Deferred income taxes 1.0 6.1 (15.3)
Income from unconsolidated operations (36.7) (29.4) (23.2)
Changes in operating assets and liabilities:      
Trade accounts receivable 15.6 (16.4) (29.2)
Inventories (18.0) (54.4) (59.9)
Trade accounts payable 40.4 (6.7) 12.1
Other assets and liabilities (2.4) 23.3 21.8
Dividends received from unconsolidated affiliates 30.9 15.8 4.6
Net cash provided by operating activities 590.0 503.6 465.2
Investing activities      
Acquisitions of businesses (210.9) 0.0 (142.3)
Capital expenditures (128.4) (132.7) (99.9)
Proceeds from sale of property, plant and equipment 0.4 1.1 2.5
Net cash used in investing activities (338.9) (131.6) (239.7)
Financing activities      
Short-term borrowings, net (127.4) 57.7 71.9
Long-term debt borrowings 247.0 0.0 246.2
Long-term debt repayments (1.6) (1.6) (251.4)
Proceeds from exercised stock options 33.1 31.7 44.7
Common stock acquired by purchase (145.8) (244.3) (177.4)
Dividends paid (204.9) (192.4) (179.9)
Net cash used in financing activities (199.6) (348.9) (245.9)
Effect of exchange rate changes on cash and cash equivalents (16.2) (8.8) 4.4
Increase (decrease) in cash and cash equivalents 35.3 14.3 (16.0)
Cash and cash equivalents at beginning of year 77.3 63.0 79.0
Cash and cash equivalents at end of year $ 112.6 $ 77.3 $ 63.0