Comprehensive Income

6 Months Ended

May 31, 2011

Comprehensive Income

Comprehensive Income

8. COMPREHENSIVE INCOME

The following table sets forth the components of comprehensive income (in millions):

	Three months ended May 31,					Six months ended May 31,
	2011		2010			2011			2010
Net income	$	73.6	$	66.2		$	150.4		$	134.2
Other comprehensive income (loss), (net of tax):
Pension and other postretirement costs, net of tax		1.3		3.2			1.0			7.1
Foreign currency translation adjustments		47.0		(93.1	)		115.5			(193.9	)
Derivative financial instruments, net of tax		—		0.2			(0.4	)		1.0
Comprehensive income (loss)	$	121.9	$	(23.5	)	$	266.5		$	(51.6	)

The other comprehensive income (loss) amounts in the table above are net of tax expense of $0.8 million and $1.2 million for the three months ended May 31, 2011 and 2010, respectively, and net of tax expense of $1.6 million and $2.5 million for the six months ended May 31, 2011 and 2010, respectively.

The following table sets forth the components of accumulated other comprehensive income, net of tax where applicable (in millions):

	May 31, 2011			May 31, 2010			November 30, 2010
Foreign currency translation adjustment	$	300.2		$	99.4		$	184.7
Unrealized gain (loss) on foreign currency exchange contracts		(1.2	)		0.4			(0.7	)
Unamortized value of interest rate contracts		(5.8	)		(6.0	)		(5.9	)
Pension and other postretirement costs		(180.8	)		(170.5	)		(181.8	)
Accumulated other comprehensive income	$	112.4		$	(76.7	)	$	(3.7	)