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Financing Arrangements (Tables) | 12 Months Ended
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Nov. 30, 2021
Financing Arrangements [Abstract] |
Components Of Outstanding Debt | Our outstanding debt, including finance leases, was as follows at November 30:
(millions) | 2021 | 2020
Short-term borrowings |  |
Commercial paper | $ | 530.8 |  | $ | 845.8 |
Other | 8.3 |  | 40.9 |
| $ | 539.1 |  | $ | 886.7 |
Weighted-average interest rate of short-term borrowings at year-end | 0.2 | % | 0.3 | %
Long-term debt |  |
3.90% notes due 7/8/2021 | $ | — |  | $ | 250.0 |
2.70% notes due 8/15/2022 | 750.0 |  | 750.0 |
3.50% notes due 8/19/2023(1) | 250.0 |  | 250.0 |
3.15% notes due 8/15/2024 | 700.0 |  | 700.0 |
3.25% notes due 11/15/2025(2) | 250.0 |  | 250.0 |
0.90% notes due 2/15/2026 | 500.0 |  | — |
3.40% notes due 8/15/2027(3) | 750.0 |  | 750.0 |
2.50% notes due 4/15/2030 | 500.0 |  | 500.0 |
1.85% notes due 2/15/2031 | 500.0 |  | — |
4.20% notes due 8/15/2047 | 300.0 |  | 300.0 |
7.63%–8.12% notes due 2024 | 55.0 |  | 55.0 |
Other, including finance leases | 199.2 |  | 195.8 |
Unamortized discounts, premiums, debt issuance costs and fair value adjustments(4) | (10.6) |  | 16.9 |
| 4,743.6 |  | 4,017.7 |
Less current portion | 770.3 |  | 263.9 |
| $ | 3,973.3 |  | $ | 3,753.8 |
(1)Interest rate swaps, settled upon the issuance of these notes in 2013, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 3.30%. (2)Interest rate swaps, settled upon the issuance of these notes in 2015, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 3.45%. The fixed interest rate on $100 million of the 3.25% notes due in 2025 is effectively converted to a variable rate by interest rate swaps through 2025. Net interest payments are based on 3-month LIBOR plus 1.22%. Our effective rate as of November 30, 2021 was 1.38%. (3)Interest rate swaps, settled upon the issuance of these notes in 2017, effectively set the interest rate on the $750 million notes at a weighted-average fixed rate of 3.44%. The fixed interest rate on $250 million of the 3.40% notes due in 2027 is effectively converted to a variable rate by interest rate swaps through 2027. Net interest payments are based on 3-month LIBOR plus 0.685%. Our effective rate as of November 30, 2021 was 0.84%. (4)Includes unamortized discounts, premiums and debt issuance costs of $(31.8) million and $(24.4) million as of November 30, 2021 and 2020, respectively. Includes fair value adjustment associated with interest rate swaps designated as fair value hedges of $21.2 million and $41.3 million as of November 30, 2021 and 2020, respectively.
Maturities Of Long-Term Debt | Maturities of long-term debt, including finance leases, during the fiscal years subsequent to November 30, 2021 are as follows (in millions):
2022 | $ | 770.3 |
2023 | 264.5 |
2024 | 797.2 |
2025 | 278.0 |
2026 | 509.2 |
Thereafter | 2,135.0 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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