XML 30 R12.htm IDEA: XBRL DOCUMENT v3.20.4

Investments In Affiliates

12 Months Ended

Nov. 30, 2020

Investments In Affiliates [Abstract]

Investments In Affiliates

INVESTMENTS IN AFFILIATES

Summarized annual and year-end information from the financial statements of unconsolidated affiliates representing 100% of the businesses follows:

(millions)			2020			2019			2018
Net sales			$	870.3		$	863.0		$	807.9
Gross profit			318.0			316.2			290.5
Net income			93.7			90.5			78.9
Current assets			$	421.7		$	426.3		$	342.1
Noncurrent assets			126.2			134.0			129.9
Current liabilities			192.3			223.8			172.1
Noncurrent liabilities			12.2			9.2			10.0

Royalty income from unconsolidated affiliates was $19.5 million, $19.0 million and $18.5 million for 2020, 2019 and 2018, respectively.

Our principal earnings from unconsolidated affiliates is from our 50% interest in McCormick de Mexico, S.A. de C.V. Profit from this joint venture represented 75% of income from unconsolidated operations in 2020, 72% in 2019 and 76% in 2018.

X

- Definition

Investments in affiliates [Abstract]

+ References

No definition available.

+ Details

Name:	mkc_InvestmentsInAffiliatesAbstract
Namespace Prefix:	mkc_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

+ Details

Name:	us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration