Fair Value Measurements (Tables)

9 Months Ended

Aug. 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):

			August 31, 2018
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	73.0	$	73.0	$	—
Insurance contracts	123.7		—		123.7
Bonds and other long-term investments	4.4		4.4		—
Foreign currency derivatives	2.1		—		2.1
Total	$	203.2	$	77.4	$	125.8
Liabilities
Foreign currency derivatives	$	5.7	$	—	$	5.7
Interest rate derivatives	6.0		—		6.0
Total	$	11.7	$	—	$	11.7

			August 31, 2017
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	166.1	$	166.1	$	—
Insurance contracts	115.2		—		115.2
Bonds and other long-term investments	8.1		8.1		—
Interest rate derivatives	0.3		—		0.3
Foreign currency derivatives	5.5		—		5.5
Total	$	295.2	$	174.2	$	121.0
Liabilities
Foreign currency derivatives	$	9.1	$	—	$	9.1
Total	$	9.1	$	—	$	9.1

			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 August 31, 2018, August 31, 2017 and November 30, 2017 (in millions):

	August 31, 2018		August 31, 2017		November 30, 2017
Carrying amount	$	4,345.3	$	5,027.8	$	4,769.5
Fair value	4,294.5		5,154.7		4,858.5
Level 1 valuation techniques	$	3,218.0	$	3,647.1	$	3,615.2
Level 2 valuation techniques	1,076.5		1,507.6		1,243.3
Total fair value	$	4,294.5	$	5,154.7	$	4,858.5