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Consolidated Cash Flow Statement - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2018
Operating activities      
Net income $ 747.4 $ 702.7 $ 933.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 165.0 158.8 150.7
Stock-based compensation 46.0 37.2 25.6
Non-cash nonrecurring income tax benefit (related to enactment of the U.S. Tax Act) 0.0 0.0 (309.4)
Non-cash special charges 0.0 0.0 3.0
Loss (gain) on sale of assets 3.0 (1.6) (5.4)
Deferred income tax (benefit) expense (11.2) 20.9 40.1
Income from unconsolidated operations (40.8) (40.9) (34.8)
Changes in operating assets and liabilities (net of effect of businesses acquired):      
Trade accounts receivable 4.8 12.2 19.8
Inventories (200.2) (20.9) (10.0)
Trade accounts payable 164.2 128.2 72.8
Other assets and liabilities 133.8 (81.5) (91.8)
Dividends received from unconsolidated affiliates 29.3 31.7 27.2
Net cash provided by operating activities 1,041.3 946.8 821.2
Investing activities      
Acquisitions of businesses (net of cash acquired) (803.0) 0.0 (4.2)
Capital expenditures (including expenditures for capitalized software) (225.3) (173.7) (169.1)
Other investing activities 2.7 2.7 14.8
Net cash used in investing activities (1,025.6) (171.0) (158.5)
Financing activities      
Short-term borrowings, net 286.5 41.0 305.5
Long-term debt borrowings 527.0 0.0 25.9
Payment of debt issuance costs (1.1) 0.0 0.0
Long-term debt repayments (257.7) (447.7) (797.9)
Proceeds from exercised stock options 56.6 90.9 78.2
Taxes withheld and paid on employee stock awards (13.0) (12.7) (11.6)
Payment of contingent consideration 0.0 0.0 (2.5)
Purchase of minority interest 0.0 0.0 (13.0)
Common stock acquired by purchase (47.3) (95.1) (62.3)
Dividends paid (330.1) (302.2) (273.4)
Net cash provided by (used in) financing activities 220.9 (725.8) (751.1)
Effect of exchange rate changes on cash and cash equivalents 31.6 8.8 (1.8)
Increase (decrease) in cash and cash equivalents 268.2 58.8 (90.2)
Cash and cash equivalents at beginning of year 155.4 96.6 186.8
Cash and cash equivalents at end of year $ 423.6 $ 155.4 $ 96.6