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Financial Instruments (Tables) | 9 Months Ended
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Aug. 31, 2019
Fair values of derivative instruments on balance sheet | The following table discloses the notional amount and fair values of derivative instruments on our balance sheet (in millions):
As of August 31, 2019 | Asset Derivatives |  | Liability Derivatives
| Balance sheet location |  | Notional amount |  | Fair value |  | Balance sheet location |  | Notional amount |  | Fair value
Interest rate contracts | Other current assets / Investments and other assets |  | $ | 350.0 |  |  | $ | 28.2 |  |  | Other accrued liabilities |  | $ | — |  |  | $ | — |
Foreign exchange contracts | Other current assets |  | 104.7 |  |  | 2.2 |  |  | Other accrued liabilities |  | 350.6 |  |  | 4.6 |
Cross currency contracts | Investments and other assets |  | 236.4 |  |  | 14.0 |  |  | Other long-term liabilities |  | 243.9 |  |  | 13.4 |
Total |  |  |  |  | $ | 44.4 |  |  |  |  |  |  | $ | 18.0 |
As of August 31, 2018 | Asset Derivatives |  | Liability Derivatives
| Balance sheet location |  | Notional amount |  | Fair value |  | Balance sheet location |  | Notional amount |  | Fair value
Interest rate contracts | Other current assets |  | $ | — |  |  | $ | — |  |  | Other accrued liabilities |  | $ | 100.0 |  |  | $ | 6.0 |
Foreign exchange contracts | Other current assets |  | 175.8 |  |  | 2.1 |  |  | Other accrued liabilities |  | 254.6 |  |  | 5.7 |
Total |  |  |  |  | $ | 2.1 |  |  |  |  |  |  | $ | 11.7 |
As of November 30, 2018 | Asset Derivatives |  | Liability Derivatives
| Balance sheet location |  | Notional amount |  | Fair value |  | Balance sheet location |  | Notional amount |  | Fair value
Interest rate contracts | Other current assets |  | $ | — |  |  | $ | — |  |  | Other accrued liabilities |  | $ | 100.0 |  |  | $ | 6.4 |
Foreign exchange contracts | Other current assets |  | 199.5 |  |  | 4.4 |  |  | Other accrued liabilities |  | 295.4 |  |  | 6.4 |
Total |  |  |  |  | $ | 4.4 |  |  |  |  |  |  | $ | 12.8 |
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement |
Net Investment Hedges |  |
Three months ended August 31, |  |  |  |  |  |  |  |  |  |
Derivative |  | Gain or (loss) recognized in OCI |  | Income statement location |  | Gain or (loss) excluded from the assessment of hedge effectiveness
|  | 2019 |  | 2018 |  |  |  | 2019 |  | 2018
Cross currency contracts |  | $ | 3.0 |  |  | $ | — |  |  | Interest expense |  | $ | 1.7 |  |  | $ | — |
Nine months ended August 31, |  |  |  |  |  |  |  |  |  |
Derivative |  | Gain or (loss) recognized in OCI |  | Income statement location |  | Gain or (loss) excluded from the assessment of hedge effectiveness
|  | 2019 |  | 2018 |  |  |  | 2019 |  | 2018
Cross currency contracts |  | $ | 0.3 |  |  | $ | — |  |  | Interest expense |  | $ | 3.8 |  |  | $ | — |
Fair Value Hedging |
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement | The following tables disclose the impact of derivative instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our consolidated income statement for the three and nine-month periods ended August 31, 2019 and 2018 (in millions):
Fair Value Hedges |  |  |  |  |  |  |  |  |  |
Derivative |  | Income statement location |  | Income (expense)
|  |  |  | Three months ended August 31, 2019 |  | Three months ended August 31, 2018 |  | Nine months ended August 31, 2019 |  | Nine months ended August 31, 2018
Interest rate contracts |  | Interest expense |  | $ | — |  |  | $ | (0.1 | ) |  | $ | (0.3 | ) |  | $ | 0.1 |
Three months ended August 31, | Income statement location | Gain (loss) recognized in income |  | Income statement location | Gain (loss) recognized in income
Derivative |  | 2019 | 2018 | Hedged item |  | 2019 | 2018
Foreign exchange contracts | Other income, net | $ | (5.3 | ) | $ | 0.5 |  | Intercompany loans | Other income, net | $ | 5.2 |  | $ | (1.1 | )
Nine months ended August 31, | Income statement location | Gain (loss) recognized in income |  | Income statement location | Gain (loss) recognized in income
Derivative |  | 2019 | 2018 | Hedged item |  | 2019 | 2018
Foreign exchange contracts | Other income, net | $ | (2.6 | ) | $ | (2.1 | ) | Intercompany loans | Other income, net | $ | 2.0 |  | $ | 1.1 |
Cash Flow Hedging |
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement |
Cash Flow Hedges |  |
Three months ended August 31, |  |  |  |  |  |  |  |  |  |
Derivative |  | Gain or (loss) recognized in OCI |  | Income statement location |  | Gain or (loss) reclassified from AOCI
|  | 2019 |  | 2018 |  |  |  | 2019 |  | 2018
Interest rate contracts |  | $ | — |  |  | $ | — |  |  | Interest expense |  | $ | 0.2 |  |  | $ | 0.2 |
Foreign exchange contracts |  | (0.3 | ) |  | 0.1 |  |  | Cost of goods sold |  | 0.5 |  |  | (0.8 | )
Total |  | $ | (0.3 | ) |  | $ | 0.1 |  |  |  |  | $ | 0.7 |  |  | $ | (0.6 | )
Nine months ended August 31, |  |  |  |  |  |  |  |  |  |
Derivative |  | Gain or (Loss) recognized in OCI |  | Income statement location |  | Gain or (Loss) reclassified from AOCI
|  | 2019 |  | 2018 |  |  |  | 2019 |  | 2018
Interest rate contracts |  | $ | — |  |  | $ | — |  |  | Interest expense |  | $ | 0.4 |  |  | $ | 0.4 |
Foreign exchange contracts |  | 0.3 |  |  | 0.9 |  |  | Cost of goods sold |  | 0.9 |  |  | (3.5 | )
Total |  | $ | 0.3 |  |  | $ | 0.9 |  |  |  |  | $ | 1.3 |  |  | $ | (3.1 | )

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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