XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.22.4

Leases (Tables) | 12 Months Ended
--- | ---
Nov. 30, 2022
Leases [Abstract] |
Lease Cost | The following presents the components of our lease expense for the years ended November 30 (in millions):
| 2022 | 2021 | 2020
Operating lease cost | $ | 47.0 |  | $ | 45.0 |  | $ | 41.2 |
Finance lease cost: |  |  |
Amortization of ROU assets | 9.0 |  | 9.0 |  | 9.0 |
Interest on lease liabilities | 4.1 |  | 4.3 |  | 4.5 |
Net lease cost | $ | 60.1 |  | $ | 58.3 |  | $ | 54.7 |
(1) Net lease cost does not include short-term leases, variable lease costs or sublease income, all of which are immaterial. |
Supplemental cash flow and other information related to leases for the years ended November 30 were as follows (in millions):
| 2022 | 2021
Cash paid for amounts included in the measurements of lease liabilities: |  |
Operating cash flows used for operating leases | $ | 41.4 |  | $ | 45.4 |
Operating cash flows used for finance leases | 4.1 |  | 4.3 |
Financing cash flows used for finance leases | 7.3 |  | 7.1 |
ROU assets obtained in exchange for lease liabilities |  |
Operating leases | $ | 133.8 |  | $ | 47.8 |
Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases as of November 30 were as follows (in millions):
Leases |  | Classification | 2022 | 2021
Assets: |  |  |  |
Operating lease ROU assets |  | Other long-term assets | $ | 218.9 |  | $ | 136.8 |
Finance lease ROU assets |  | Property, plant and equipment, net | 103.0 |  | 112.1 |
Total leased assets |  |  | $ | 321.9 |  | $ | 248.9 |
Liabilities: |  |  |  |
Current |  |  |  |
Operating |  | Other accrued liabilities | $ | 54.4 |  | $ | 34.3 |
Finance |  | Current portion of long-term debt | 7.8 |  | 7.5 |
Non-current |  |  |  |
Operating |  | Other long-term liabilities | 176.1 |  | 106.1 |
Finance |  | Long-term debt | 110.5 |  | 118.2 |
Total lease liabilities |  |  | $ | 348.8 |  | $ | 266.1 |
Information Regarding Lease Terms and Discount Rates | Information regarding our lease terms and discount rates as of November 30 were as follows:
| 2022 | 2021
| Weighted-average remaining lease term (years) | Weighted-average discount rate | Weighted-average remaining lease term (years) | Weighted-average discount rate
Operating leases | 5.8 | 3.7 | % | 6.8 | 1.9 | %
Finance leases | 11.9 | 3.3 | % | 12.9 | 3.3 | %
Lease Maturity | The future maturity of our lease liabilities as of November 30, 2022 were as follows (in millions):
| Operating leases |  | Finance leases |  | Total
2023 | $ | 58.3 |  |  | $ | 11.3 |  |  | $ | 69.6 |
2024 | 50.9 |  |  | 11.5 |  |  | 62.4 |
2025 | 43.3 |  |  | 11.7 |  |  | 55.0 |
2026 | 39.0 |  |  | 11.9 |  |  | 50.9 |
2027 | 34.1 |  |  | 12.2 |  |  | 46.3 |
Thereafter | 31.8 |  |  | 89.9 |  |  | 121.7 |
Total lease payments | 257.4 |  |  | 148.5 |  |  | 405.9 |
Less: Imputed interest | 26.9 |  |  | 30.2 |  |  | 57.1 |
Total lease liabilities | $ | 230.5 |  |  | $ | 118.3 |  |  | $ | 348.8 |
Lease Maturity | The future maturity of our lease liabilities as of November 30, 2022 were as follows (in millions):
| Operating leases |  | Finance leases |  | Total
2023 | $ | 58.3 |  |  | $ | 11.3 |  |  | $ | 69.6 |
2024 | 50.9 |  |  | 11.5 |  |  | 62.4 |
2025 | 43.3 |  |  | 11.7 |  |  | 55.0 |
2026 | 39.0 |  |  | 11.9 |  |  | 50.9 |
2027 | 34.1 |  |  | 12.2 |  |  | 46.3 |
Thereafter | 31.8 |  |  | 89.9 |  |  | 121.7 |
Total lease payments | 257.4 |  |  | 148.5 |  |  | 405.9 |
Less: Imputed interest | 26.9 |  |  | 30.2 |  |  | 57.1 |
Total lease liabilities | $ | 230.5 |  |  | $ | 118.3 |  |  | $ | 348.8 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | mkc_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | mkc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Leases, Other Supplemental Information + References No definition available. + Details
Name: | mkc_LeasesOtherSupplementalInformationTableTextBlock
Namespace Prefix: | mkc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration