XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
May 31, 2021
May 31, 2020
Operating activities    
Net income $ 345.5 $ 340.6
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 91.9 81.5
Stock-based compensation 42.6 27.1
Asset Impairment Charges 6.5  
Amortization of inventory fair value adjustments associated with acquisitions 6.3 0.0
Income from unconsolidated operations (36.7) (20.6)
Changes in operating assets and liabilities (247.4) (89.2)
Dividends from unconsolidated affiliates 20.0 16.1
Net cash flow provided by operating activities 228.7 355.5
Acquisition of businesses (net of cash acquired) (706.4) 0.0
Proceeds from Sales of Business, Affiliate and Productive Assets 65.4  
Investing activities    
Capital expenditures (including software) (112.8) (87.1)
Other investing activities 0.2 1.9
Net cash flow used in investing activities (753.6) (85.2)
Financing activities    
Short-term borrowings, net (429.4) (514.5)
Long-term debt borrowings 1,001.5 495.0
Payment of debt issuance costs (1.9) (1.1)
Long-term debt repayments (3.5) (41.7)
Proceeds from exercised stock options 6.2 26.7
Taxes withheld and paid on employee stock awards (13.0) (9.2)
Common stock acquired by purchase (0.4) (20.8)
Dividends paid (181.6) (164.9)
Net cash flow provided by (used in) financing activities 377.9 (230.5)
Effect of exchange rate changes on cash and cash equivalents 15.2 (10.2)
(Decrease) increase in cash and cash equivalents (131.8) 29.6
Cash and cash equivalents at beginning of period 423.6 155.4
Cash and cash equivalents at end of period $ 291.8 $ 185.0