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Accumulated Other Comprehensive Income (Tables) | 12 Months Ended
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Nov. 30, 2021
Equity [Abstract] |
Schedule of accumulated other comprehensive income (loss) | The following table sets forth the components of accumulated other comprehensive loss, net of tax where applicable, as of November 30 (in millions):
| 2021 | 2020
Accumulated other comprehensive loss, net of tax where applicable |  |
Foreign currency translation adjustment (1) | $ | (233.3) |  | $ | (174.0) |
Unrealized gain (loss) on foreign currency exchange contracts | 0.6 |  | (0.4) |
Unamortized value of settled interest rate swaps | (0.2) |  | (0.1) |
Pension and other postretirement costs | (193.6) |  | (296.3) |
| $ | (426.5) |  | $ | (470.8) |
(1)During the year ended November 30, 2021, the foreign currency translation adjustment of accumulated other comprehensive loss increased by $(59.3) million, including the impact of a $15.5 million decrease associated with net investment hedges. During the year ended November 30, 2020, the foreign currency translation adjustment of accumulated other comprehensive loss decreased by $92.5 million, including the impact of a $20.8 million increase associated with net investment hedges. These net investment hedges are more fully described in note 8.
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the years ended November 30:
(millions) |  |  |  |  |  |  |  | Affected line items in the consolidated income statement
Accumulated other comprehensive income (loss) components |  | 2021 |  | 2020 |  | 2019 |
(Gains)/losses on cash flow hedges: |  |  |  |  |  |  |  |  |
Interest rate derivatives |  | $ | (0.5) |  |  | $ | (0.5) |  |  | $ | (0.5) |  |  | Interest expense
Foreign exchange contracts |  | 0.7 |  |  | (1.6) |  |  | (1.6) |  |  | Cost of goods sold
Total before taxes |  | 0.2 |  |  | (2.1) |  |  | (2.1) |  |  |  |
Tax effect |  | — |  |  | 0.5 |  |  | 0.4 |  |  | Income taxes
Net, after tax |  | $ | 0.2 |  |  | $ | (1.6) |  |  | $ | (1.7) |  |  |  |
Amortization of pension and postretirement benefit adjustments: |  |  |  |  |  |  |  |  |
Amortization of prior service (credits) costs (1) |  | $ | 0.3 |  |  | $ | (4.0) |  |  | $ | (8.0) |  |  | Other income, net
Amortization of net actuarial losses (1) |  | 13.9 |  |  | 11.0 |  |  | 2.6 |  |  | Other income, net
Total before taxes |  | 14.2 |  |  | 7.0 |  |  | (5.4) |  |  |  |
Tax effect |  | (3.3) |  |  | (1.6) |  |  | 1.2 |  |  | Income taxes
Net, after tax |  | $ | 10.9 |  |  | $ | 5.4 |  |  | $ | (4.2) |  |  |  |
(1) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and total other postretirement expense (refer to note 11 for additional details).

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