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CONDENSED CONSOLIDATED CASH FLOW STATEMENT - USD ($)
$ in Millions
6 Months Ended
May 31, 2016
May 31, 2015
Cash flows from operating activities    
Net income $ 187.2 $ 154.8
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 53.0 52.5
Stock-based compensation 15.8 13.9
Income from unconsolidated operations (16.1) (17.3)
Changes in operating assets and liabilities (43.7) (35.2)
Dividends from unconsolidated affiliates 16.5 17.2
Net cash flow provided by operating activities 212.7 185.9
Cash flows from investing activities    
Acquisition of businesses (net of cash acquired) (118.1) (111.5)
Capital expenditures (54.8) (42.7)
Proceeds from sale of property, plant and equipment 1.5 0.1
Net cash flow used in investing activities (171.4) (154.1)
Cash flows from financing activities    
Short-term borrowings, net 373.8 148.2
Long-term debt repayments (201.8) (0.3)
Proceeds from exercised stock options 21.9 14.2
Common stock acquired by purchase (100.8) (69.9)
Dividends paid (109.3) (102.5)
Net cash flow (used in) provided by financing activities (16.2) (10.3)
Effect of exchange rate changes on cash and cash equivalents (6.2) (9.3)
Increase in cash and cash equivalents 18.9 12.2
Cash and cash equivalents at beginning of period 112.6 77.3
Cash and cash equivalents at end of period $ 131.5 $ 89.5