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Accumulated Other Comprehensive Income | 12 Months Ended
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Nov. 30, 2022
Equity [Abstract] |
COMPREHENSIVE INCOME | . ACCUMULATED OTHER COMPREHENSIVE LOSS The following table sets forth the components of accumulated other comprehensive loss, net of tax where applicable, as of November 30 (in millions):
| 2022 | 2021
Accumulated other comprehensive loss, net of tax where applicable |  |
Foreign currency translation adjustment (1) | $ | (405.3) |  | $ | (233.3) |
Unrealized net gain on foreign currency exchange contracts | 3.8 |  | 0.6 |
Unamortized value of settled interest rate swaps | (0.6) |  | (0.2) |
Pension and other postretirement costs | (78.5) |  | (193.6) |
| $ | (480.6) |  | $ | (426.5) |
(1)During the year ended November 30, 2022, the foreign currency translation adjustment of accumulated other comprehensive loss increased on a net basis by $172.0 million, inclusive of $37.6 million of unrealized gains associated with net investment hedges. During the year ended November 30, 2021, the foreign currency translation adjustment of accumulated other comprehensive loss increased on a net basis by $59.3 million, inclusive of $15.5 million of unrealized gains associated with net investment hedges. These net investment hedges are more fully described in note 8. 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 |  | 2022 |  | 2021 |  | 2020 |
(Gains)/losses on cash flow hedges: |  |  |  |  |  |  |  |  |
Interest rate derivatives |  | $ | (0.5) |  |  | $ | (0.5) |  |  | $ | (0.5) |  |  | Interest expense
Treasury lock contracts (1) |  | (18.7) |  |  | — |  |  | — |  |  | Other income, net
Foreign exchange contracts |  | (1.6) |  |  | 0.7 |  |  | (1.6) |  |  | Cost of goods sold
Total before taxes |  | (20.8) |  |  | 0.2 |  |  | (2.1) |  |  |  |
Tax effect |  | 4.9 |  |  | — |  |  | 0.5 |  |  | Income taxes
Net, after tax |  | $ | (15.9) |  |  | $ | 0.2 |  |  | $ | (1.6) |  |  |  |
Amortization of pension and postretirement benefit adjustments: |  |  |  |  |  |  |  |  |
Amortization of prior service (credits) costs (2) |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | (4.0) |  |  | Other income, net
Amortization of net actuarial losses (2) |  | 9.9 |  |  | 13.9 |  |  | 11.0 |  |  | Other income, net
Total before taxes |  | 10.2 |  |  | 14.2 |  |  | 7.0 |  |  |  |
Tax effect |  | (2.4) |  |  | (3.3) |  |  | (1.6) |  |  | Income taxes
Net, after tax |  | $ | 7.8 |  |  | $ | 10.9 |  |  | $ | 5.4 |  |  |  |
(1) The settlement of these treasury locks is further described in note 8. (2) 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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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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