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Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
May 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following table sets forth the components of accumulated other comprehensive income (loss), net of tax, where applicable (in millions):
May 31, 2021November 30, 2020
Foreign currency translation adjustment (1)
$(66.6)$(174.0)
Unrealized loss on foreign currency exchange contracts(0.4)(0.4)
Unamortized value of settled interest rate swaps(0.1)(0.1)
Pension and other postretirement costs(295.2)(296.3)
Accumulated other comprehensive loss$(362.3)$(470.8)
Reclassification out of Accumulated Other Comprehensive Income
The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income (in millions):
Three months endedSix months endedAffected Line Items in the Condensed Consolidated Income Statement
Accumulated Other Comprehensive Income (Loss) ComponentsMay 31, 2021May 31, 2020May 31, 2021May 31, 2020
(Gains)/losses on cash flow hedges:
Interest rate derivatives$(0.1)$(0.1)$(0.2)$(0.2)Interest expense
Foreign exchange contracts0.6 0.3 0.3 (0.1)Cost of goods sold
Total before tax0.5 0.2 0.1 (0.3)
Tax effect(0.1)— — 0.1 Income taxes
Net, after tax$0.4 $0.2 $0.1 $(0.2)
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (credit) (1)
$0.1 $(1.1)$0.1 $(2.1)Other income, net
Amortization of net actuarial losses (1)
3.6 2.9 7.0 5.3 Other income, net
Total before tax3.7 1.8 7.1 3.2 
Tax effect(0.9)(0.4)(1.7)(0.7)Income taxes
Net, after tax$2.8 $1.4 $5.4 $2.5 
(1)This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details). Amortization of net actuarial losses includes settlement losses.