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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Statement of Comprehensive Income [Abstract]        
Net earnings $ 154,687 $ 8,684 $ 311,079 $ 138,008
Other comprehensive income (loss), net of tax:        
Currency translation adjustments and other [1] (4,018) 17,150 (4,117) 27,366
Changes in fair value related to instrument-specific credit risk [2] (9,950) 34,195 (12,702) (17,958)
Unrealized gains (losses) on available-for-sale securities (328) (292) 1,630 (41)
Total other comprehensive income (loss), net of tax [3] (14,296) 51,053 (15,189) 9,367
Comprehensive income 140,391 59,737 295,890 147,375
Net losses attributable to noncontrolling interests (4,790) (3,513) (12,228) (9,568)
Net losses attributable to redeemable noncontrolling interests 0 (198) 0 (454)
Preferred stock dividends 13,741 0 27,930 2,016
Comprehensive income attributable to common shareholders $ 131,440 $ 63,448 $ 280,188 $ 155,381
[1] Includes income tax benefit of $0.7 million for both the three and six months ended May 31, 2024, and $4.7 million and $1.4 million for the three and six months ended May 31, 2023, respectively.
[2] Includes income tax benefit of $3.9 million and $5.1 million for the three and six months ended May 31, 2024, respectively, and income tax (expense) benefit of $(11.2) million and $8.0 million for the three and six months ended May 31, 2023, respectively. Refer to Note 17, Total Equity for additional information related to fair value changes related to instrument specific-credit risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings
[3] Includes $1.6 million and $1.9 million for the three and six months ended May 31, 2024, respectively, related to currency translation adjustments attributable to noncontrolling interests.