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CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Net sales $ 1,536.8 $ 1,556.7 $ 3,059.2 $ 3,038.2
Cost of goods sold 1,013.8 942.1 1,975.8 1,846.1
Gross profit 523.0 614.6 1,083.4 1,192.1
Selling, general and administrative expense 349.2 356.6 682.5 677.9
Transaction and integration expenses 1.5 6.9 2.2 25.7
Special charges 15.1 13.7 34.6 14.8
Operating income 157.2 237.4 364.1 473.7
Interest expense 33.7 35.6 66.8 69.4
Other income, net 6.3 3.9 12.5 8.5
Income from consolidated operations before income taxes 129.8 205.7 309.8 412.8
Income tax expense 21.7 45.4 56.1 104.0
Net income from consolidated operations 108.1 160.3 253.7 308.8
Income from unconsolidated operations 10.4 23.4 19.7 36.7
Net income $ 118.5 $ 183.7 $ 273.4 $ 345.5
Earnings per share - basic (usd per share) $ 0.44 $ 0.69 $ 1.02 $ 1.29
Earnings per share - diluted (usd per share) $ 0.44 $ 0.68 $ 1.01 $ 1.28
Average shares outstanding - basic (shares) 268.3 267.3 268.1 267.2
Average shares outstanding - diluted (shares) 270.5 270.0 270.5 270.0
Common stock        
Cash dividends paid per common share (usd per share) $ 0.37 $ 0.34 $ 0.74 $ 0.68
Common Stock, Dividends, Per Share, Declared $ 0.37 $ 0.34 $ 0.37 $ 0.34