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Accumulated Other Comprehensive Loss | 6 Months Ended
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May 31, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Loss | ACCUMULATED OTHER COMPREHENSIVE LOSS The following table sets forth the components of accumulated other comprehensive loss, net of tax, where applicable (in millions):
| May 31, 2024 |  |  |  | November 30, 2023
Foreign currency translation adjustment (1) | $ | (300.7) |  |  |  |  | $ | (305.7) |
Unrealized gain (loss) on foreign currency exchange contracts | (2.3) |  |  |  |  | 0.8 |
Unamortized value of settled interest rate swaps | (2.5) |  |  |  |  | (2.7) |
Pension and other postretirement costs | (82.1) |  |  |  |  | (81.0) |
Accumulated other comprehensive loss | $ | (387.6) |  |  |  |  | $ | (388.6) |
(1)During the six months ended May 31, 2024, the foreign currency translation adjustment of accumulated other comprehensive loss decreased on a net basis by $5.0 million, inclusive of $5.0 million of unrealized gains associated with net investment hedges. These net investment hedges are more fully described in note 3. The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income (in millions):
|  | Three months ended |  | Six months ended |  | Affected Line Items in the Condensed Consolidated Income Statement
|  | May 31, 2024 |  | May 31, 2023 |  | May 31, 2024 |  | May 31, 2023 |
(Gains)/losses on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  | $ | 0.1 |  |  | $ | (0.2) |  |  | $ | 0.3 |  |  | $ | (0.3) |  |  | Interest expense
Foreign exchange contracts |  | (0.2) |  |  | (0.1) |  |  | (1.5) |  |  | (1.3) |  |  | Cost of goods sold
Total before tax |  | (0.1) |  |  | (0.3) |  |  | (1.2) |  |  | (1.6) |  |  |  |
Tax effect |  | — |  |  | 0.1 |  |  | 0.3 |  |  | 0.4 |  |  | Income tax expense
Net, after tax |  | $ | (0.1) |  |  | $ | (0.2) |  |  | $ | (0.9) |  |  | $ | (1.2) |  |  |  |
Amortization of pension and postretirement benefit adjustments: |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service costs (1) |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | Other income, net
Amortization of net actuarial (gains)(1) |  | $ | (0.9) |  |  | $ | (0.6) |  |  | (1.6) |  |  | (1.0) |  |  | Other income, net
Total before tax |  | (0.9) |  |  | (0.5) |  |  | (1.6) |  |  | (0.9) |  |  |  |
Tax effect |  | 0.2 |  |  | 0.1 |  |  | 0.4 |  |  | 0.2 |  |  | Income tax expense
Net, after tax |  | $ | (0.7) |  |  | $ | (0.4) |  |  | $ | (1.2) |  |  | $ | (0.7) |  |  |  |
(1)This accumulated other comprehensive income (loss) component is included in the computation of total pension (income) and other postretirement benefits expense (refer to note 5 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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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