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Business Combinations (Tables) | 9 Months Ended
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Aug. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The final purchase price allocation for Cholula resulted in the following fair value allocations, net of cash acquired (in millions):
Trade accounts receivable | $ | 15.0 |
Inventories | 16.5 |
Goodwill | 411.3 |
Intangible assets | 401.0 |
Other assets | 10.5 |
Trade accounts payable | (7.0) |
Other accrued liabilities | (8.1) |
Deferred taxes | (35.1) |
Other long-term liabilities | (2.9) |
Total | $ | 801.2 |
The preliminary allocation, net of cash acquired, of the fair value of the FONA acquisition is summarized in the table below (in millions):
Trade accounts receivable | $ | 12.4 |
Inventories | 10.3 |
Goodwill | 389.4 |
Intangible assets | 266.0 |
Property, plant and equipment | 36.3 |
Other assets | 5.5 |
Trade accounts payable | (3.7) |
Other accrued liabilities | (8.0) |
Total | $ | 708.2 |
Business Combination, Separately Recognized Transactions | The following are the Transaction and integration expenses recognized during the three and nine months ended August 31, 2021 relating to the Cholula and FONA acquisitions (in millions):
| Three months ended August 31, 2021 |  | Nine months ended August 31, 2021
Transaction-related expenses included in cost of goods sold | $ | — |  |  | $ | 6.3 |
Other transaction expenses | — |  |  | 13.8 |
Integration expenses | 1.3 |  |  | 13.2 |
Total transaction and integration expenses | $ | 1.3 |  |  | $ | 33.3 |

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