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Financing Arrangements (Tables)
 12 Months Ended
Nov. 30, 2020
Financing Arrangements [Abstract]  
Components Of Outstanding Debt
Our outstanding debt, including capital leases, was as follows at November 30:
(millions)20202019
Short-term borrowings  
Commercial paper$845.8 $575.3 
Other40.9 25.4 
 $886.7 $600.7 
Weighted-average interest rate of short-term borrowings at year-end0.3 %2.5 %
Long-term debt
3.90% notes due 7/8/2021(1)
$250.0 $250.0 
2.70% notes due 8/15/2022750.0 750.0 
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 8/15/2024700.0 700.0 
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 4/15/2030500.0 — 
4.20% notes due 8/15/2047300.0 300.0 
7.63%–8.12% notes due 202455.0 55.0 
Other, including capital leases195.8 171.6 
Unamortized discounts, premiums, debt issuance costs and fair value adjustments(6)
16.9 (3.1)
4,017.7 3,723.5 
Less current portion263.9 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 
2022765.0 
2023265.2 
2024791.9 
2025271.4 
Thereafter1,643.4