XML 52 R34.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Instruments (Tables)
12 Months Ended
Nov. 30, 2016
Derivatives, Fair Value [Line Items]  
Fair Values Of Derivative Instruments
The following tables disclose the derivative instruments on our balance sheet as of November 30, 2016 and 2015, which are all recorded at fair value:
As of
November 30, 2016:
 
 
 
 
 
 
(millions)
Asset Derivatives
Liability Derivatives
Derivatives
Balance sheet
location
Notional amount
Fair value
Balance sheet
location
Notional amount
Fair value
Interest rate contracts
Other current 
assets
$

$

Other accrued liabilities
$
100.0

$
1.2

Foreign exchange contracts
Other current assets
204.3

4.9

Other accrued liabilities
244.9

5.4

Total
 
 
$
4.9

 
 
$
6.6

As of
November 30, 2015:
 
 
 
 
 
 
(millions)
Asset Derivatives
Liability Derivatives
Derivatives
Balance sheet
location
Notional amount
Fair value
Balance sheet
location
Notional amount
Fair value
Interest rate contracts
Other current 
assets
$
100.0

$
2.5

Other accrued liabilities
$
100.0

$
0.6

Foreign exchange contracts
Other current assets
179.5

3.4

Other accrued liabilities
85.0

0.7

Total
 
 
$
5.9

 
 
$
1.3

Carrying Amount And Fair Value Of Financial Instruments
The carrying amount and fair value of financial instruments at November 30, 2016 and 2015 were as follows:
  
2016
2015
(millions)
Carrying
amount
Fair
value
Carrying
amount
Fair
value
Long-term investments
$
116.2

$
116.2

$
112.6

$
112.6

Long-term debt (including current portion)
1,056.9

1,118.3

1,254.9

1,325.6

Derivatives related to:
 
 
 
 
Interest rates (assets)


2.5

2.5

Interest rates (liabilities)
1.2

1.2

0.6

0.6

Foreign currency (assets)
4.9

4.9

3.4

3.4

Foreign currency (liabilities)
5.4

5.4

0.7

0.7

Fair Value Hedges [Member]  
Derivatives, Fair Value [Line Items]  
Impact Of Derivative Instruments
The following tables disclose the impact of derivative instruments on other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our income statement for the years ended November 30, 2016, 2015 and 2014:
Fair value hedges (millions)
 
Income statement
location
Income (expense)
Derivative
2016
2015
2014
Interest rate contracts
Interest expense
$
1.6

$
5.1

$
5.0


 
 
Income statement location
Gain (loss) recognized in income
 
Income statement location
Gain (loss) recognized in income
Derivative
2016
Hedged Item
2016
Foreign exchange contracts
Other income, net
$
(3.5
)
Intercompany loans
Other income, net
$
3.1

Cash Flow Hedges [Member]  
Derivatives, Fair Value [Line Items]  
Impact Of Derivative Instruments
Cash flow hedges (millions)
 
Gain (loss)
recognized in OCI
Income statement location      
Gain (loss)
  reclassified from AOCI   
Derivative
2016
2015
2014
2016
2015
2014
Interest rate contracts
$

$
(1.2
)
$

Interest expense      
$
(0.3
)
$
(0.2
)
$
(0.2
)
Foreign exchange contracts
4.4

6.2

4.2

Cost of goods sold      
3.7

7.1

(1.1
)
Total
$
4.4

$
5.0

$
4.2

 
$
3.4

$
6.9

$
(1.3
)