Financial Arrangements and Financial Instruments (Tables)

3 Months Ended

Feb. 29, 2020

Fair values of derivative instruments on balance sheet

The following table discloses the notional amount and fair values of derivative instruments on our balance sheet (in millions):

As of February 29, 2020	Asset Derivatives					Liability Derivatives
	Balance sheet location	Notional amount		Fair value		Balance sheet location	Notional amount		Fair value
Interest rate contracts	Other current assets / Other long-term assets	$	350.0	$	34.2	Other accrued liabilities	$	—	$	—
Foreign exchange contracts	Other current assets	244.1		5.6		Other accrued liabilities	273.0		7.6
Cross currency contracts	Other current assets / Other long-term assets	247.3		2.6		Other long-term liabilities	243.9		1.0
Total				$	42.4				$	8.6
As of February 28, 2019	Asset Derivatives					Liability Derivatives
	Balance sheet location	Notional amount		Fair value		Balance sheet location	Notional amount		Fair value
Interest rate contracts	Other current assets / Other long-term assets	$	250.0	$	0.1	Other accrued liabilities	$	100.0	$	4.0
Foreign exchange contracts	Other current assets	343.0		3.2		Other accrued liabilities	204.8		4.8
Cross currency contracts	Other current assets / Other long-term assets	—		—		Other long-term liabilities	509.8		9.2
Total				$	3.3				$	18.0
As of November 30, 2019	Asset Derivatives					Liability Derivatives
	Balance sheet location	Notional amount		Fair value		Balance sheet location	Notional amount		Fair value
Interest rate contracts	Other current assets / Other long-term assets	$	350.0	$	20.9	Other accrued liabilities	$	—	$	—
Foreign exchange contracts	Other current assets	293.1		3.3		Other accrued liabilities	196.1		3.6
Cross currency contracts	Other current assets / Other long-term assets	495.5		3.2		Other long-term liabilities	—		—
Total				$	27.4				$	3.6

Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement

Net Investment Hedges
Three months ended
Derivative	Gain or (loss) recognized in OCI				Income statement location	Gain or (loss) excluded from the assessment of hedge effectiveness
	February 29, 2020		February 28, 2019			February 29, 2020		February 28, 2019
Cross currency contracts	$	0.2	$	(9.5)	Interest expense	$	1.3	$	0.3

Fair Value Hedging

Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement

The following tables disclose the impact of derivative instruments on our other comprehensive income ("OCI"), accumulated other comprehensive income ("AOCI") and our consolidated income statement for the three-month periods ended February 29, 2020 and February 28, 2019 (in millions):

Fair Value Hedges
Derivative	Income statement location	Income (expense)
		Three months ended February 29, 2020		Three months ended February 28, 2019
Interest rate contracts	Interest expense	$	0.5	$	0.2

Three months ended	Income statement location	Gain (loss) recognized in income					Income statement location	Gain (loss) recognized in income
Derivative		February 29, 2020		February 28, 2019		Hedged item		February 29, 2020		February 28, 2019
Foreign exchange contracts	Other income, net	$	(2.2)	$	1.7	Intercompany loans	Other income, net	$	2.0	$	(1.8)

Cash Flow Hedging

Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement

Cash Flow Hedges
Three months ended
Derivative	Gain or (loss) recognized in OCI				Income statement location	Gain or (loss) reclassified from AOCI
	February 29, 2020		February 28, 2019			February 29, 2020		February 28, 2019
Interest rate contracts	$	—	$	—	Interest expense	$	0.1	$	0.1
Foreign exchange contracts	0.6		(1.2)		Cost of goods sold	0.4		0.3
Total	$	0.6	$	(1.2)		$	0.5	$	0.4