Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Aug. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The following table displays intangible assets at August 31, 2017, August 31, 2016 and November 30, 2016 (in millions):

	August 31, 2017				August 31, 2016				November 30, 2016
	Gross carrying amount		Accumulated Amortization		Gross carrying amount		Accumulated Amortization		Gross carrying amount		Accumulated Amortization
Finite-lived intangible assets	$	336.7	$	61.5	$	166.5	$	48.6	$	161.1	$	48.4
Indefinite-lived intangible assets
Goodwill	4,503.3		—		1,813.3		—		1,771.4		—
Brand names and trademarks	2,816.3		—		315.7		—		312.2		—
	7,319.6		—		2,129.0		—		2,083.6		—
Total goodwill and intangible assets	$	7,656.3	$	61.5	$	2,295.5	$	48.6	$	2,244.7	$	48.4

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill by business segment for the nine months ended August 31, 2017 and 2016 were as follows (in millions):

	2017					2016
	Consumer			Industrial		Consumer			Industrial
Beginning of year	$	1,608.3		$	163.1	$	1,587.7		$	171.6
Changes in preliminary purchase price allocation	(7.7		)	—		(23.2		)	—
Increases in goodwill from acquisitions	1,702.6			926.2		61.3			—
Foreign currency fluctuations	96.4			14.4		20.1			(4.2		)
Balance as of end of August	$	3,399.6		$	1,103.7	$	1,645.9		$	167.4

A preliminary valuation of the acquired net assets of RB Foods in August 2017 (see note 2) resulted in the allocation of $1,702.6 million and $851.3 million of goodwill to the consumer segment and industrial segment, respectively. A preliminary valuation of the acquired net assets of Giotti in December 2016 (see note 2) resulted in the allocation of $74.9 million of goodwill to the industrial segment.