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Accumulated Other Comprehensive Income (Tables) | 12 Months Ended
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Nov. 30, 2024
Equity [Abstract] |
Schedule of accumulated other comprehensive income (loss) | The following table sets forth the components of accumulated other comprehensive loss, net of tax where applicable, as of November 30 (in millions):
| 2024 | 2023
Accumulated other comprehensive loss, net of tax where applicable |  |
Foreign currency translation adjustment (1) | $ | (392.0) |  | $ | (305.7) |
Unrealized net gain on foreign currency exchange contracts | 2.1 |  | 0.8 |
Unamortized value of settled interest rate swaps | (1.6) |  | (2.7) |
Pension and other postretirement costs | (99.7) |  | (81.0) |
| $ | (491.2) |  | $ | (388.6) |
(1)During the year ended November 30, 2024, the foreign currency translation adjustment of accumulated other comprehensive loss increased on a net basis by $86.3 million, inclusive of $19.5 million of unrealized gains associated with net investment hedges. During the year ended November 30, 2023, the foreign currency translation adjustment of accumulated other comprehensive loss decreased on a net basis by $(99.6) million, inclusive of $(18.4) million of unrealized losses associated with net investment hedges. These net investment hedges are more fully described in Note 7.
Reclassification out of Accumulated Other Comprehensive Income (Loss) | 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 |  | 2024 |  | 2023 |  | 2022 |
(Gains)/losses on cash flow hedges: |  |  |  |  |  |  |  |  |
Interest rate derivatives |  | $ | 0.6 |  |  | $ | (0.1) |  |  | $ | (0.5) |  |  | Interest expense
Treasury lock contracts (1) |  | — |  |  | — |  |  | (18.7) |  |  | Other income, net
Foreign exchange contracts |  | (1.6) |  |  | (0.2) |  |  | (1.6) |  |  | Cost of goods sold
Total before taxes |  | (1.0) |  |  | (0.3) |  |  | (20.8) |  |  |  |
Tax effect |  | 0.2 |  |  | 0.1 |  |  | 4.9 |  |  | Income taxes
Net, after tax |  | $ | (0.8) |  |  | $ | (0.2) |  |  | $ | (15.9) |  |  |  |
Amortization of pension and postretirement benefit adjustments: |  |  |  |  |  |  |  |  |
Amortization of prior service costs (2) |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | 0.3 |  |  | Other income, net
Amortization of net actuarial (gains) losses (2) |  | (3.4) |  |  | (2.1) |  |  | 9.9 |  |  | Other income, net
Total before taxes |  | (3.1) |  |  | (1.8) |  |  | 10.2 |  |  |  |
Tax effect |  | 0.8 |  |  | 0.4 |  |  | (2.4) |  |  | Income taxes
Net, after tax |  | $ | (2.3) |  |  | $ | (1.4) |  |  | $ | 7.8 |  |  |  |
(1) The settlement of these treasury locks is further described in Note 7. (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 10 for additional details).

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