XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Aug. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table sets forth the components of accumulated other comprehensive loss, net of tax, where applicable (in millions):
August 31, 2021November 30, 2020
Foreign currency translation adjustment (1)
$(147.0)$(174.0)
Unrealized gain (loss) on foreign currency exchange contracts1.9 (0.4)
Unamortized value of settled interest rate swaps(0.2)(0.1)
Pension and other postretirement costs(290.3)(296.3)
Accumulated other comprehensive loss$(435.6)$(470.8)
(1)During the nine months ended August 31, 2021, the foreign currency translation adjustment of Accumulated other comprehensive loss decreased on a net basis by $27.0 million, including the impact of a $4.9 million decrease associated with net investment hedges. These net investment hedges are more fully described in note 5.
The following table sets forth the amounts reclassified from Accumulated other comprehensive income (loss) and into consolidated net income (in millions):
Three months endedNine months endedAffected Line Items in the Condensed Consolidated Income Statement
Accumulated other comprehensive income (loss) componentsAugust 31, 2021August 31, 2020August 31, 2021August 31, 2020
(Gains)/losses on cash flow hedges:
Interest rate derivatives$(0.2)$(0.2)$(0.4)$(0.4)Interest expense
Foreign exchange contracts0.3 (1.1)0.6 (1.2)Cost of goods sold
Total before tax0.1 (1.3)0.2 (1.6)
Tax effect— 0.3 — 0.4 Income tax expense
Net, after tax$0.1 $(1.0)$0.2 $(1.2)
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs (credit) (1)
$0.1 $(0.9)$0.2 $(3.0)Other income, net
Amortization of net actuarial losses (1)
3.5 3.2 10.5 8.5 Other income, net
Total before tax3.6 2.3 10.7 5.5 
Tax effect(0.8)(0.6)(2.5)(1.3)Income tax expense
Net, after tax$2.8 $1.7 $8.2 $4.2 
(1)This Accumulated other comprehensive income (loss) component is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details). Amortization of net actuarial losses includes settlement losses.