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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Operating activities    
Net income $ 496.3 $ 557.9
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 148.2 139.1
Stock-based compensation 49.1 54.2
Gain on Disposition of Intangible Assets (13.6) 0.0
Gain on sale of business (49.6) 0.0
Asset Impairment Charges 10.0 6.5
Amortization of inventory fair value adjustments associated with acquisitions 0.0 6.3
Income from unconsolidated operations (27.2) (45.8)
Trade accounts receivable (43.6) 1.3
Inventories (238.5) (156.5)
Trade accounts payable 100.8 (16.7)
Other assets and liabilities (209.6) (195.2)
Dividends from unconsolidated affiliates 27.8 21.8
Net cash flow provided by operating activities 250.1 372.9
Investing activities    
Acquisition of businesses (net of cash acquired) 0.0 (706.4)
Proceeds from sale of business 95.2 0.0
Proceeds from sale of unconsolidated operation 0.0 65.4
Proceeds from Sale of Intangible Assets 13.6 0.0
Capital expenditures (including software) (166.8) (189.9)
Other investing activities 2.5 0.3
Net cash flow used in investing activities (55.5) (830.6)
Financing activities    
Short-term borrowings, net 898.1 (118.9)
Long-term debt borrowings 0.0 1,001.5
Payment of debt issuance costs 0.0 (1.9)
Long-term debt repayments (768.7) (255.3)
Proceeds from exercised stock options 39.9 10.5
Taxes withheld and paid on employee stock awards (19.4) (13.3)
Common stock acquired by purchase (26.1) (3.2)
Dividends paid (297.5) (272.4)
Net cash flow (used in) provided by financing activities (173.7) 347.0
Effect of exchange rate changes on cash and cash equivalents (28.7) (0.3)
Decrease in cash and cash equivalents (7.8) (111.0)
Cash and cash equivalents at beginning of period 351.7 423.6
Cash and cash equivalents at end of period $ 343.9 $ 312.6