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Financial Arrangements and Financial Instruments (Tables) | 3 Months Ended
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Feb. 29, 2020
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 February 29, 2020 | 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 long-term assets |  | $ | 350.0 |  |  | $ | 34.2 |  |  | Other accrued liabilities |  | $ | — |  |  | $ | — |
Foreign exchange contracts | Other current assets |  | 244.1 |  |  | 5.6 |  |  | Other accrued liabilities |  | 273.0 |  |  | 7.6 |
Cross currency contracts | Other current assets / Other long-term assets |  | 247.3 |  |  | 2.6 |  |  | Other long-term liabilities |  | 243.9 |  |  | 1.0 |
Total |  |  |  |  | $ | 42.4 |  |  |  |  |  |  | $ | 8.6 |
As of February 28, 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 / Other long-term assets |  | $ | 250.0 |  |  | $ | 0.1 |  |  | Other accrued liabilities |  | $ | 100.0 |  |  | $ | 4.0 |
Foreign exchange contracts | Other current assets |  | 343.0 |  |  | 3.2 |  |  | Other accrued liabilities |  | 204.8 |  |  | 4.8 |
Cross currency contracts | Other current assets / Other long-term assets |  | — |  |  | — |  |  | Other long-term liabilities |  | 509.8 |  |  | 9.2 |
Total |  |  |  |  | $ | 3.3 |  |  |  |  |  |  | $ | 18.0 |
As of November 30, 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 / Other long-term assets |  | $ | 350.0 |  |  | $ | 20.9 |  |  | Other accrued liabilities |  | $ | — |  |  | $ | — |
Foreign exchange contracts | Other current assets |  | 293.1 |  |  | 3.3 |  |  | Other accrued liabilities |  | 196.1 |  |  | 3.6 |
Cross currency contracts | Other current assets / Other long-term assets |  | 495.5 |  |  | 3.2 |  |  | Other long-term liabilities |  | — |  |  | — |
Total |  |  |  |  | $ | 27.4 |  |  |  |  |  |  | $ | 3.6 |
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 |  |  |  |  |  |  |  |  |  |
Derivative |  | Gain or (loss) recognized in OCI |  |  |  | Income statement location |  | Gain or (loss) excluded from the assessment of hedge effectiveness |  |
|  | February 29, 2020 |  | February 28, 2019 |  |  |  | February 29, 2020 |  | February 28, 2019
Cross currency contracts |  | $ | 0.2 |  |  | $ | (9.5) |  |  | Interest expense |  | $ | 1.3 |  |  | $ | 0.3 |
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-month periods ended February 29, 2020 and February 28, 2019 (in millions):
Fair Value Hedges |  |  |  |  |  |  |  |  |  |
Derivative |  | Income statement location |  | Income (expense) |  |  |  |  |  |
|  |  |  | Three months ended February 29, 2020 |  | Three months ended February 28, 2019 |  |  |  |
Interest rate contracts |  | Interest expense |  | $ | 0.5 |  |  | $ | 0.2 |  |  |  |  |
Three months ended | Income statement location | Gain (loss) recognized in income |  |  | Income statement location | Gain (loss) recognized in income |
Derivative |  | February 29, 2020 | February 28, 2019 | Hedged item |  | February 29, 2020 | February 28, 2019
Foreign exchange contracts | Other income, net | $ | (2.2) |  | $ | 1.7 |  | Intercompany loans | Other income, net | $ | 2.0 |  | $ | (1.8) |
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 |  |  |  |  |  |  |  |  |  |
Derivative |  | Gain or (loss) recognized in OCI |  |  |  | Income statement location |  | Gain or (loss) reclassified from AOCI |  |
|  | February 29, 2020 |  | February 28, 2019 |  |  |  | February 29, 2020 |  | February 28, 2019
Interest rate contracts |  | $ | — |  |  | $ | — |  |  | Interest expense |  | $ | 0.1 |  |  | $ | 0.1 |
Foreign exchange contracts |  | 0.6 |  |  | (1.2) |  |  | Cost of goods sold |  | 0.4 |  |  | 0.3 |
Total |  | $ | 0.6 |  |  | $ | (1.2) |  |  |  |  | $ | 0.5 |  |  | $ | 0.4 |

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