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Financial Instruments (Tables) | 12 Months Ended
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Nov. 30, 2020
Derivative [Line Items] |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] |
Net investment hedges (millions) |
| Gain (loss) recognized in OCI | Income statement location | Gain (loss) excluded from the assessment of hedge effectiveness
Derivative | 2020 | 2019 |  | 2020 | 2019
Cross currency contracts | $ | (20.8) |  | $ | 1.1 |  | Interest expense | $ | 3.1 |  | $ | 5.4 |
Fair Values Of Derivative Instruments | The following tables disclose the notional amount and fair values of derivative instruments on our consolidated balance sheet:
As of November 30, 2020: |  |  |  |  |  |
(millions) | Asset Derivatives | Liability Derivatives
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 |  | $ | 43.1 |  | Other accrued liabilities | $ | — |  | $ | — |
Foreign exchange contracts | Other current assets | 27.5 |  | 1.4 |  | Other accrued liabilities | 356.3 |  | 8.2 |
Cross currency contracts | Other current assets/Other long-term assets | — |  | — |  | Other long-term liabilities | 524.4 |  | 18.8 |
Total |  |  | $ | 44.5 |  |  |  | $ | 27.0 |
As of November 30, 2019: |  |  |  |  |  |
(millions) | Asset Derivatives | Liability Derivatives
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 accrued liabilities | — |  | — |
Total |  |  | $ | 27.4 |  |  |  | $ | 3.6 |
Impact Of Derivative Instruments | The following tables disclose the impact of derivative instruments on other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our consolidated income statement for the years ended November 30, 2020, 2019 and 2018:
Fair value hedges (millions)
| Income statement location | Income (expense)
Derivative | 2020 | 2019 | 2018
Interest rate contracts | Interest expense | $ | 5.2 |  | $ | — |  | $ | (0.1) |
| Income statement location | Gain (loss) recognized in income |  | Income statement location | Gain (loss) recognized in income
Derivative | 2020 | 2019 | 2018 | Hedged Item | 2020 | 2019 | 2018
Foreign exchange contracts | Other income, net | $ | (4.0) |  | $ | 0.2 |  | $ | (2.9) |  | Intercompany loans | Other income, net | $ | 3.0 |  | $ | (0.9) |  | $ | 2.7 |
Cash flow hedges (millions)
| Gain (loss) recognized in OCI | Income statement location | Gain (loss) reclassified from AOCI
Derivative | 2020 | 2019 | 2018 | 2020 | 2019 | 2018
Interest rate contracts | $ | — |  | $ | — |  | $ | — |  | Interest expense | $ | 0.5 |  | $ | 0.5 |  | $ | 0.5 |
Foreign exchange contracts | 1.9 |  | (0.2) |  | 2.6 |  | Cost of goods sold | 1.6 |  | 1.6 |  | (3.3) |
Total | $ | 1.9 |  | $ | (0.2) |  | $ | 2.6 |  |  | $ | 2.1 |  | $ | 2.1 |  | $ | (2.8) |
Carrying Amount And Fair Value Of Financial Instruments | The carrying amount and fair value of financial instruments as of November 30 were as follows:
| 2020 | 2019
(millions) | Carrying amount | Fair value | Carrying amount | Fair value
Long-term investments | $ | 129.9 |  | $ | 129.9 |  | $ | 124.4 |  | $ | 124.4 |
Long-term debt (including current portion) | 4,017.7 |  | 4,357.1 |  | 3,723.5 |  | 3,859.0 |
Level 1 valuation techniques |  | 4,161.3 |  |  | 3,437.5 |
Level 2 valuation techniques |  | 195.8 |  |  | 421.5 |
Derivatives related to: |  |  |  |
Interest rates (assets) | 43.1 |  | 43.1 |  | 20.9 |  | 20.9 |
Foreign currency (assets) | 1.4 |  | 1.4 |  | 3.3 |  | 3.3 |
Foreign currency (liabilities) | 8.2 |  | 8.2 |  | 3.6 |  | 3.6 |
Cross currency (assets) | — |  | — |  | 3.2 |  | 3.2 |
Cross currency (liabilities) | 18.8 |  | 18.8 |  | — |  | — |

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