XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
6 Months Ended
May 31, 2018
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on recurring basis
Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions):
 
 
 
 
May 31, 2018
  
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
 
Cash and cash equivalents
 
$
202.6

 
$
202.6

 
$

Insurance contracts
 
120.3

 

 
120.3

Bonds and other long-term investments
 
4.3

 
4.3

 

Foreign currency derivatives
 
5.8

 

 
5.8

Total
 
$
333.0

 
$
206.9

 
$
126.1

Liabilities
 
 
 
 
 
 
Foreign currency derivatives
 
$
5.2

 
$

 
$
5.2

Interest rate derivatives
 
5.8

 

 
5.8

Total
 
$
11.0

 
$

 
$
11.0


 
 
 
 
May 31, 2017
  
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
 
Cash and cash equivalents
 
$
130.0

 
$
130.0

 
$

Insurance contracts
 
113.0

 

 
113.0

Bonds and other long-term investments
 
9.2

 
9.2

 

Foreign currency derivatives
 
3.2

 

 
3.2

Total
 
$
255.4

 
$
139.2

 
$
116.2

Liabilities
 
 
 
 
 
 
Foreign currency derivatives
 
$
3.2

 
$

 
$
3.2

Interest rate derivatives
 
2.4

 

 
2.4

Total
 
$
5.6

 
$

 
$
5.6

 
 
 
 
 
November 30, 2017
  
 
Fair Value
 
Level 1
 
Level 2
Assets
 
 
 
 
 
 
Cash and cash equivalents
 
$
186.8

 
$
186.8

 
$

Insurance contracts
 
119.5

 

 
119.5

Bonds and other long-term investments
 
7.5

 
7.5

 

Foreign currency derivatives
 
12.7

 

 
12.7

Total
 
$
326.5

 
$
194.3

 
$
132.2

Liabilities
 
 
 
 
 
 
Foreign currency derivatives
 
$
4.7

 
$

 
$
4.7

Interest rate derivatives
 
2.5

 

 
2.5

Total
 
$
7.2

 
$

 
$
7.2

Fair Value, by Balance Sheet Grouping
The following table sets forth the carrying amounts and fair values of our long-term debt (including the current portion thereof) at May 31, 2018, May 31, 2017 and November 30, 2017 (in millions):
 
May 31, 2018
 
May 31, 2017
 
November 30, 2017
Carrying amount
$
4,531.7

 
$
1,054.9

 
$
4,769.5

Fair value
4,470.9

 
1,116.3

 
4,858.5