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Financing Arrangements (Tables) | 12 Months Ended
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Nov. 30, 2022
Financing Arrangements [Abstract] |
Components Of Outstanding Debt | Our outstanding debt, including finance leases, was as follows at November 30:
(millions) | 2022 | 2021
Short-term borrowings |  |
Commercial paper | $ | 1,224.6 |  | $ | 530.8 |
Other | 12.1 |  | 8.3 |
| $ | 1,236.7 |  | $ | 539.1 |
Weighted-average interest rate of short-term borrowings at year-end | 4.2 | % | 0.2 | %
Long-term debt |  |
2.70% notes due 8/15/2022 | $ | — |  | $ | 750.0 |
3.50% notes due 9/1/2023(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 |  | 500.0 |
3.40% notes due 8/15/2027(3) | 750.0 |  | 750.0 |
2.50% notes due 4/15/2030(4) | 500.0 |  | 500.0 |
1.85% notes due 2/15/2031 | 500.0 |  | 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 | 176.1 |  | 199.2 |
Unamortized discounts, premiums, debt issuance costs and fair value adjustments(5) | (68.2) |  | (10.6) |
| 3,912.9 |  | 4,743.6 |
Less current portion | 270.6 |  | 770.3 |
| $ | 3,642.3 |  | $ | 3,973.3 |
(1)Interest rate swaps, settled upon the issuance of these notes, 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, 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% with an effective variable rate of 5.83% as of November 30, 2022. (3)Interest rate swaps, settled upon the issuance of these notes, 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% with an effective rate of 5.29% as of November 30, 2022. (4)Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $500 million notes at a weighted-average fixed rate of 2.62%. The fixed interest rate on $250 million of the 2.50% notes due in 2030 is effectively converted to a variable rate by interest rate swaps through 2030. Net interest payments are based on USD SOFR plus 0.684% with an effective rate of 4.94% as of November 30, 2022. (5)Includes unamortized discounts, premiums and debt issuance costs of $(25.9) million and $(31.8) million as of November 30, 2022 and 2021, respectively. Includes fair value adjustment associated with interest rate swaps designated as fair value hedges of $(42.3) million and $21.2 million as of November 30, 2022 and 2021, respectively.
Maturities Of Long-Term Debt | Maturities of long-term debt, including finance leases, during the fiscal years subsequent to November 30, 2022 are as follows (in millions):
2023 | $ | 270.6 |
2024 | 796.9 |
2025 | 269.7 |
2026 | 509.2 |
2027 | 759.6 |
Thereafter | 1,375.1 |

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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 https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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