Acquisitions (Tables)

12 Months Ended

Nov. 30, 2021

Business Combinations [Abstract]

Schedule of Purchase Price Allocation of Net Assets Acquired

The final purchase price allocation for FONA resulted in the following fair value allocations, net of cash acquired (in millions):

Trade accounts receivable	$	12.4
Inventories	10.3
Goodwill	389.7
Intangible assets	266.0
Property, plant and equipment	36.3
Other assets	5.5
Trade accounts payable	(3.7)
Other accrued liabilities	(6.9)
Deferred taxes	(0.3)
Other long-term liabilities	(1.1)
Total	$	708.2

During 2021, we completed the Cholula purchase price allocation. The final purchase price allocation for Cholula resulted in the following fair value allocations, net of cash acquired (in millions):

Trade accounts receivable	$	15.0
Inventories	16.5
Goodwill	411.3
Intangible assets	401.0
Other assets	10.5
Trade accounts payable	(7.0)
Other accrued liabilities	(8.1)
Deferred taxes	(35.1)
Other long-term liabilities	(2.9)
Total	$	801.2

Schedule of Transaction and Integration Expenses

The following are the Transaction and integration expenses recognized related to the Cholula and FONA acquisitions for the years ended November 30 (in millions):

	2021		2020
Transaction-related expenses included in cost of goods sold	$	6.3	$	—
Other transaction expenses	13.8		12.4
Integration expenses	15.2		—
Total transaction and integration expenses	$	35.3	$	12.4