Fair Value Measurements (Tables)

3 Months Ended

Feb. 29, 2020

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):

			February 29, 2020
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	170.8	$	170.8	$	—
Insurance contracts	120.4		—		120.4
Bonds and other long-term investments	0.7		0.7		—
Interest rate derivatives	34.2		—		34.2
Foreign currency derivatives	5.6		—		5.6
Cross currency contracts	2.6		—		2.6
Total	$	334.3	$	171.5	$	162.8
Liabilities
Foreign currency derivatives	$	7.6	$	—	$	7.6
Cross currency contracts	1.0		—		1.0
Total	$	8.6	$	—	$	8.6

			February 28, 2019
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	102.3	$	102.3	$	—
Insurance contracts	111.5		—		111.5
Bonds and other long-term investments	8.1		8.1		—
Interest rate derivatives	0.1		—		0.1
Foreign currency derivatives	3.2		—		3.2
Total	$	225.2	$	110.4	$	114.8
Liabilities
Foreign currency derivatives	$	4.8	$	—	$	4.8
Interest rate derivatives	4.0		—		4.0
Cross currency contracts	9.2		—		9.2
Total	$	18.0	$	—	$	18.0

			November 30, 2019
	Fair Value		Level 1		Level 2
Assets
Cash and cash equivalents	$	155.4	$	155.4	$	—
Insurance contracts	121.7		—		121.7
Bonds and other long-term investments	2.7		2.7		—
Interest rate derivatives	20.9		—		20.9
Foreign currency derivatives	3.3		—		3.3
Cross currency contracts	3.2		—		3.2
Total	$	307.2	$	158.1	$	149.1
Liabilities
Foreign currency derivatives	$	3.6	$	—	$	3.6
Total	$	3.6	$	—	$	3.6

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 February 29, 2020, February 28, 2019 and November 30, 2019 (in millions):

	February 29, 2020		February 28, 2019		November 30, 2019
Carrying amount	$	3,716.8	$	4,119.8	$	3,723.5
Fair value	3,936.7		4,068.8		3,859.0
Level 1 valuation techniques	$	3,536.6	$	3,222.2	$	3,437.5
Level 2 valuation techniques	400.1		846.6		421.5
Total fair value	$	3,936.7	$	4,068.8	$	3,859.0