XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Net sales $ 1,556.7 $ 1,401.1 $ 3,038.2 $ 2,613.1
Cost of goods sold 942.1 821.6 1,846.1 1,563.7
Gross profit 614.6 579.5 1,192.1 1,049.4
Selling, general and administrative expense 356.6 319.2 677.9 593.9
Transaction and integration expenses 6.9 0.0 25.7 0.0
Special charges 13.7 2.9 14.8 3.9
Operating income 237.4 257.4 473.7 451.6
Interest expense 35.6 34.4 69.4 69.7
Other income, net 3.9 3.1 8.5 8.6
Income from consolidated operations before income taxes 205.7 226.1 412.8 390.5
Income tax expense 45.4 40.4 104.0 70.5
Net income from consolidated operations 160.3 185.7 308.8 320.0
Income from unconsolidated operations (including, for 2021, after-tax gain of $13.4 on sale of unconsolidated operation) 23.4 10.2 36.7 20.6
Net income $ 183.7 $ 195.9 $ 345.5 $ 340.6
Earnings per share - basic (usd per share) $ 0.69 $ 0.74 $ 1.29 $ 1.28
Earnings per share - diluted (usd per share) $ 0.68 $ 0.73 $ 1.28 $ 1.27
Average shares outstanding - basic (shares) 267.3 266.2 267.2 266.1
Average shares outstanding - diluted (shares) 270.0 268.5 270.0 268.7
Eastern        
Supplemental Income Statement Elements [Abstract]        
Gain on Sale of Investments $ 13.4   $ 13.4  
Common Stock        
Cash dividends paid per common share (usd per share) $ 0.34 $ 0.31 $ 0.68 $ 0.62
Common Stock, Dividends, Per Share, Declared $ 0.34 $ 0.31 $ 0.34 $ 0.31