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Financing Arrangements (Tables) | 12 Months Ended
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Nov. 30, 2020
Financing Arrangements [Abstract] |
Components Of Outstanding Debt | Our outstanding debt, including capital leases, was as follows at November 30:
(millions) | 2020 | 2019
Short-term borrowings |  |
Commercial paper | $ | 845.8 |  | $ | 575.3 |
Other | 40.9 |  | 25.4 |
| $ | 886.7 |  | $ | 600.7 |
Weighted-average interest rate of short-term borrowings at year-end | 0.3 | % | 2.5 | %
Long-term debt |  |
3.90% notes due 7/8/2021(1) | $ | 250.0 |  | $ | 250.0 |
2.70% notes due 8/15/2022 | 750.0 |  | 750.0 |
Term loan due 8/17/2022(2) | — |  | 250.0 |
3.50% notes due 8/19/2023(3) | 250.0 |  | 250.0 |
3.15% notes due 8/15/2024 | 700.0 |  | 700.0 |
3.25% notes due 11/15/2025(4) | 250.0 |  | 250.0 |
3.40% notes due 8/15/2027(5) | 750.0 |  | 750.0 |
2.50% notes due 4/15/2030 | 500.0 |  | — |
4.20% notes due 8/15/2047 | 300.0 |  | 300.0 |
7.63%–8.12% notes due 2024 | 55.0 |  | 55.0 |
Other, including capital leases | 195.8 |  | 171.6 |
Unamortized discounts, premiums, debt issuance costs and fair value adjustments(6) | 16.9 |  | (3.1) |
| 4,017.7 |  | 3,723.5 |
Less current portion | 263.9 |  | 97.7 |
| $ | 3,753.8 |  | $ | 3,625.8 |
(1)Interest rate swaps, settled upon the issuance of these notes in 2011, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 4.01%. (2)The term loan was prepayable in whole or in part. Also, the term loan due in 2022 required quarterly principal payments of 2.5% of the initial principal amount. (3)Interest rate swaps, settled upon the issuance of these notes in 2013, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 3.30%. (4)Interest rate swaps, settled upon the issuance of these notes in 2015, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 3.45%. The fixed interest rate on $100 million of the 3.25% notes due in 2025 is effectively converted to a variable rate by interest rate swaps through 2025. Net interest payments are based on 3-month LIBOR plus 1.22% during this period (our effective rate as of November 30, 2020 was 1.44%). (5)Interest rate swaps, settled upon the issuance of these notes in 2017, effectively set the interest rate on the $750 million notes at a weighted-average fixed rate of 3.44%. The fixed interest rate on $250 million of the 3.40% notes due in 2027 is effectively converted to a variable rate by interest rate swaps through 2027. Net interest payments are based on 3-month LIBOR plus 0.685% during this period (our effective rate as of November 30, 2020 was 0.91%). (6)Includes unamortized discounts, premiums and debt issuance costs of $(24.4) million and $(23.6) million as of November 30, 2020 and 2019, respectively. Includes fair value adjustment associated with interest rate swaps designated as fair value hedges of $41.3 million and $20.5 million as of November 30, 2020 and 2019, respectively.
Maturities Of Long-Term Debt | Maturities of long-term debt, including capital leases, during the fiscal years subsequent to November 30, 2020 are as follows (in millions):
2021 | $ | 263.9 |
2022 | 765.0 |
2023 | 265.2 |
2024 | 791.9 |
2025 | 271.4 |
Thereafter | 1,643.4 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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