Other Income, Net

9 Months Ended

Aug. 31, 2022

Other Income and Expenses [Abstract]

Interest and Other Income

OTHER INCOME, NETThe following is a summary of Other income, net (in millions):

	Three months ended August 31,				Nine months ended August 31,
	2022		2021		2022		2021
Gain on sale of business	$	49.6	$	—	$	49.6	$	—
Gain on settlement of treasury locks (1)	18.7		—		18.7		—
Pension and other postretirement benefit income	2.4		1.5		7.5		4.7
Interest income	4.8		2.4		11.7		6.5
Other	1.9		(0.4)		2.4		0.8
Total other income, net	$	77.4	$	3.5	$	89.9	$	12.0

(1)The gain on the settlement of these treasury locks is further described in note 3.

On August 3, 2022, we sold the Kitchen Basics business for $95.2 million in cash, net of transaction expenses of $3.8 million. Assets disposed of principally included inventory, intangible assets ($6.3 million) and goodwill ($21.5 million). The sale of Kitchen Basics resulted in a pre-tax gain of $49.6 million.