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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2017
Aug. 31, 2016
Income Statement [Abstract]        
Net sales $ 1,185.2 $ 1,091.0 $ 3,343.2 $ 3,184.5
Cost of goods sold 700.8 637.1 2,001.2 1,892.8
Gross profit 484.4 453.9 1,342.0 1,291.7
Selling, general and administrative expense 286.5 281.8 869.0 860.0
Transaction and integration expenses (related to RB Foods acquisition) 24.5 0.0 24.5 0.0
Special charges 4.7 4.3 13.0 9.8
Operating income 168.7 167.8 435.5 421.9
Interest expense 21.5 14.1 50.9 41.7
Other debt costs 15.4 0.0 15.4 0.0
Other income, net 1.2 0.2 2.5 2.0
Income from consolidated operations before income taxes 133.0 153.9 371.7 382.2
Income taxes 33.0 34.3 93.6 91.5
Net income from consolidated operations 100.0 119.6 278.1 290.7
Income from unconsolidated operations 8.2 8.1 23.6 24.2
Net income $ 108.2 $ 127.7 $ 301.7 $ 314.9
Earnings per share - basic (usd per share) $ 0.86 $ 1.01 $ 2.40 $ 2.48
Average shares outstanding - basic (shares) 126.3 126.4 125.5 126.8
Earnings per share - diluted (usd per share) $ 0.85 $ 1.00 $ 2.37 $ 2.46
Average shares outstanding - diluted (shares) 127.8 127.9 127.2 128.2
Cash dividends paid per common share (usd per share) $ 0.47 $ 0.43 $ 1.41 $ 1.29
Cash dividends declared per share (usd per share) $ 0.47 $ 0.43 $ 0.94 $ 0.86