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Acquisitions (Tables) | 12 Months Ended
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Nov. 30, 2021
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation of Net Assets Acquired | The final purchase price allocation for FONA resulted in the following fair value allocations, net of cash acquired (in millions):
Trade accounts receivable | $ | 12.4 |
Inventories | 10.3 |
Goodwill | 389.7 |
Intangible assets | 266.0 |
Property, plant and equipment | 36.3 |
Other assets | 5.5 |
Trade accounts payable | (3.7) |
Other accrued liabilities | (6.9) |
Deferred taxes | (0.3) |
Other long-term liabilities | (1.1) |
Total | $ | 708.2 |
During 2021, we completed the Cholula purchase price allocation. 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 |
Schedule of Transaction and Integration Expenses | The following are the Transaction and integration expenses recognized related to the Cholula and FONA acquisitions for the years ended November 30 (in millions):
| 2021 | 2020
Transaction-related expenses included in cost of goods sold | $ | 6.3 |  | $ | — |
Other transaction expenses | 13.8 |  | 12.4 |
Integration expenses | 15.2 |  | — |
Total transaction and integration expenses | $ | 35.3 |  | $ | 12.4 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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