Business Segments (Tables)

6 Months Ended

May 31, 2022

Segment Reporting [Abstract]

Business segments

	Consumer		Flavor Solutions		Total
			(in millions)
Three months ended May 31, 2022
Net sales	$	866.1	$	670.7	$	1,536.8
Operating income excluding special charges and transaction and integration expenses	124.8		49.0		173.8
Income from unconsolidated operations	8.4		2.0		10.4
Three months ended May 31, 2021
Net sales	$	945.2	$	611.5	$	1,556.7
Operating income excluding special charges and transaction and integration expenses	176.8		81.2		258.0
Income from unconsolidated operations	22.2		1.2		23.4
Six months ended May 31, 2022
Net sales	$	1,792.2	$	1,267.0	$	3,059.2
Operating income excluding special charges and transaction and integration expenses	291.8		109.1		400.9
Income from unconsolidated operations	16.8		2.9		19.7
Six months ended May 31, 2021
Net sales	$	1,892.0	$	1,146.2	$	3,038.2
Operating income excluding special charges and transaction and integration expenses	366.7		153.8		520.5
Income from unconsolidated operations	33.0		3.7		36.7

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of operating income excluding special charges and transaction and integration expenses, to operating income is as follows (in millions):

	Consumer		Flavor Solutions		Total
Three months ended May 31, 2022
Operating income excluding special charges and transaction and integration expenses	$	124.8	$	49.0	$	173.8
Less: Special charges	10.7		4.4		15.1
Less: Transaction and integration expenses	—		1.5		1.5
Operating income	$	114.1	$	43.1	$	157.2
Three months ended May 31, 2021
Operating income excluding special charges and transaction and integration expenses	$	176.8	$	81.2	$	258.0
Less: Special charges	8.8		4.9		13.7
Less: Transaction and integration expenses	3.1		3.8		6.9
Operating income	$	164.9	$	72.5	$	237.4
Six months ended May 31, 2022
Operating income excluding special charges and transaction and integration expenses	$	291.8	$	109.1	$	400.9
Less: Special charges	14.3		20.3		34.6
Less: Transaction and integration expenses	—		2.2		2.2
Operating income	$	277.5	$	86.6	$	364.1
Six months ended May 31, 2021
Operating income excluding special charges and transaction and integration expenses	$	366.7	$	153.8	$	520.5
Less: Special charges	9.6		5.2		14.8
Less: Transaction-related expenses included in cost of goods sold	4.0		2.3		6.3
Less: Other transaction and integration expenses	7.3		18.4		25.7
Operating income	$	345.8	$	127.9	$	473.7

Schedule of Disclosure on Geographic Areas

The following table sets forth our net sales, by geographic area, for the three and six months ended May 31, 2022 and 2021 (in millions):

	Americas		EMEA		Asia/Pacific		Total
Three months ended May 31, 2022	$	1,102.6	$	287.8	$	146.4	$	1,536.8
Three months ended May 31, 2021	1,081.4		304.9		170.4		1,556.7
Six months ended May 31, 2022	2,125.0		578.3		355.9		3,059.2
Six months ended May 31, 2021	2,046.2		607.3		384.7		3,038.2