XML 29 R11.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill And Intangible Assets | 12 Months Ended
--- | ---
Nov. 30, 2020
Goodwill And Intangible Assets [Abstract ] |
Goodwill And Intangible Assets | GOODWILL AND INTANGIBLE ASSETS The following table displays intangible assets as of November 30:
| 2020 | 2019
(millions) | Gross carrying amount | Accumulated amortization | Gross carrying amount | Accumulated amortization
Definite-lived intangible assets | $ | 336.8 |  | $ | 127.4 |  | $ | 308.3 |  | $ | 104.3 |
Indefinite-lived intangible assets: |  |  |  |
Goodwill | 4,986.3 |  | — |  | 4,505.2 |  | — |
Brand names and trademarks | 3,030.0 |  | — |  | 2,643.0 |  | — |
| 8,016.3 |  | — |  | 7,148.2 |  | — |
Total goodwill and intangible assets | $ | 8,353.1 |  | $ | 127.4 |  | $ | 7,456.5 |  | $ | 104.3 |
We acquired Cholula in November 2020 (see note 2). A preliminary valuation of the acquired net assets of Cholula resulted in the allocation of $410.5 million to goodwill, $380.0 million to indefinite-lived intangible assets associated with the acquired brand names and trademarks, and $21.0 million to definite-lived intangible assets. We expect to finalize the valuation of the acquired net assets of Cholula, including the related goodwill and intangible assets, within the one-year measurement period from the date of acquisition. Intangible asset amortization expense was $20.2 million, $20.3 million and $20.6 million for 2020, 2019 and 2018, respectively. At November 30, 2020, definite-lived intangible assets had a weighted-average remaining life of approximately 10 years. The changes in the carrying amount of goodwill by segment for the years ended November 30 were as follows:
| 2020 | 2019
(millions) | Consumer | Flavor Solutions | Consumer | Flavor Solutions
Beginning of year | $ | 3,377.6 |  | $ | 1,127.6 |  | $ | 3,398.9 |  | $ | 1,129.0 |
Increases from acquisitions | 273.7 |  | 136.8 |  | — |  | — |
Foreign currency fluctuations | 59.9 |  | 10.7 |  | (21.3) |  | (1.4) |
End of year | $ | 3,711.2 |  | $ | 1,275.1 |  | $ | 3,377.6 |  | $ | 1,127.6 |
A preliminary valuation of the acquired net assets of Cholula resulted in the allocation of $273.7 million and $136.8 million of goodwill to the consumer segment and flavor solutions segment, respectively.

X
- Definition Goodwill and intangible assets [Abstract] + References No definition available. + Details
Name: | mkc_GoodwillAndIntangibleAssetsAbstract
Namespace Prefix: | mkc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration