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Income Taxes (Tables) | 12 Months Ended
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Nov. 30, 2020
Income Tax Disclosure [Abstract] |
Provision For Income Taxes | The provision for income taxes for the years ended November 30 consists of the following:
(millions) | 2020 | 2019 | 2018
Income taxes |  |  |
Current |  |  |
Federal | $ | 98.3 |  | $ | 52.3 |  | $ | 92.9 |
State | 14.8 |  | 10.7 |  | 11.0 |
International | 73.0 |  | 73.5 |  | 78.7 |
| 186.1 |  | 136.5 |  | 182.6 |
Deferred |  |  |
Federal | 4.6 |  | 26.4 |  | (340.3) |
State | 0.5 |  | 3.6 |  | 1.5 |
International | (16.3) |  | (9.1) |  | (1.1) |
| (11.2) |  | 20.9 |  | (339.9) |
Total income tax expense (benefit) | $ | 174.9 |  | $ | 157.4 |  | $ | (157.3) |
Components Of Income From Consolidated Operations Before Income Taxes | The components of income from consolidated operations before income taxes for the years ended November 30 follow:
(millions) | 2020 | 2019 | 2018
Pretax income |  |  |
United States | $ | 624.3 |  | $ | 569.0 |  | $ | 492.2 |
International | 257.2 |  | 250.2 |  | 249.1 |
| $ | 881.5 |  | $ | 819.2 |  | $ | 741.3 |
Reconciliation Of The U.S. Federal Statutory Rate With The Effective Tax Rate | A reconciliation of the U.S. federal statutory rate with the effective tax rate for the years ended November 30 follows:
| 2020 | 2019 | 2018
Federal statutory tax rate | 21.0 | % | 21.0 | % | 22.2 | %
State income taxes, net of federal benefits | 1.5 |  | 1.6 |  | 1.5 |
International tax at different effective rates | 1.3 |  | 1.6 |  | 0.4 |
U.S. tax on remitted and unremitted earnings | 0.8 |  | 0.5 |  | 0.6 |
Stock compensation expense | (1.5) |  | (2.8) |  | (2.9) |
U.S. manufacturing deduction | — |  | — |  | (0.8) |
Changes in prior year tax contingencies | (0.3) |  | (0.3) |  | (0.8) |
Non-recurring benefit of U.S. Tax Act | — |  | (0.2) |  | (40.7) |
Valuation allowance release | (1.4) |  | — |  | — |
Intra-entity asset transfer | (1.1) |  | (1.8) |  | — |
Other, net | (0.5) |  | (0.4) |  | (0.7) |
Total | 19.8 | % | 19.2 | % | (21.2) | %
Schedule Of Deferred Tax Assets And Liabilities | Deferred tax assets and liabilities are comprised of the following as of November 30:
(millions) | 2020 | 2019
Deferred tax assets |  |
Employee benefit liabilities | $ | 121.9 |  | $ | 103.3 |
Other accrued liabilities | 40.3 |  | 32.3 |
Inventory | 10.6 |  | 7.5 |
Tax loss and credit carryforwards | 59.7 |  | 46.8 |
Operating lease liabilities | 33.0 |  | — |
Other | 47.9 |  | 48.1 |
Valuation allowance | (31.5) |  | (32.4) |
| 281.9 |  | 205.6 |
Deferred tax liabilities |  |
Depreciation | 89.1 |  | 82.6 |
Intangible assets | 815.1 |  | 770.5 |
Lease ROU assets | 32.2 |  | — |
Other | 4.5 |  | 5.5 |
| 940.9 |  | 858.6 |
Net deferred tax liability | $ | (659.0) |  | $ | (653.0) |
Activity Related To Our Gross Unrecognized Tax Benefits | The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended November 30:
(millions) | 2020 | 2019 | 2018
Balance at beginning of year | $ | 32.0 |  | $ | 27.9 |  | $ | 39.1 |
Additions for current year tax positions | 7.8 |  | 6.6 |  | 6.5 |
Additions for prior year tax positions | 2.5 |  | 0.6 |  | 0.3 |
Reductions for prior year tax positions | — |  | (0.3) |  | (6.9) |
Settlements | — |  | — |  | — |
Statute expirations | (4.2) |  | (2.5) |  | (9.1) |
Foreign currency translation | 1.2 |  | (0.3) |  | (2.0) |
Balance at November 30 | $ | 39.3 |  | $ | 32.0 |  | $ | 27.9 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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