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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Feb. 28, 2018
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table sets forth the components of accumulated other comprehensive income (loss), net of tax where applicable (in millions):

 
February 28, 2018
 
February 28, 2017
 
November 30, 2017
Foreign currency translation adjustment
$
(62.7
)
 
$
(284.3
)
 
$
(124.4
)
Unrealized (loss) gain on foreign currency exchange contracts
(4.2
)
 
2.2

 
(3.6
)
Fair value of interest rate swaps (excluding settled interest rate swaps)
—

 
(0.1
)
 
—

Unamortized value of settled interest rate swaps
0.9

 
2.3

 
0.8

Pension and other postretirement costs
(158.3
)
 
(165.1
)
 
(152.3
)
Accumulated other comprehensive loss
$
(224.3
)
 
$
(445.0
)
 
$
(279.5
)


In conjunction with the adoption of ASU No. 2018-02 Income Statement-Reporting Comprehensive Income (Topic 220)-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, we reclassified $20.9 million of other comprehensive income, primarily associated with pension and other postretirement plans, from accumulated other comprehensive income to retained earnings.

The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the three months ended February 28, 2018 and 2017 (in millions):


Three months ended

Affected Line Items in the Condensed Consolidated Income Statement
Accumulated Other Comprehensive Income (Loss) Components

February 28, 2018
 
February 28, 2017
 
(Gains)/losses on cash flow hedges:







Interest rate derivatives

$
(0.1
)

$
0.1


Interest expense
Foreign exchange contracts

1.1


(1.1
)

Cost of goods sold
Total before tax

1.0


(1.0
)



Tax effect

(0.2
)

0.3


Income taxes
Net, after tax

$
0.8


$
(0.7
)











Amortization of pension and postretirement benefit adjustments:







Amortization of prior service costs (credit) (1)

$
(1.7
)

$
0.5


SG&A expense/ Cost of goods sold
Amortization of net actuarial losses (1)

3.2


2.9


SG&A expense/ Cost of goods sold
Total before tax

1.5


3.4




Tax effect

(0.3
)

(1.2
)

Income taxes
Net, after tax

$
1.2


$
2.2





(1) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details).