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Fair Value Measurements (Tables) | 12 Months Ended
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Nov. 30, 2024
Fair Value Disclosures [Abstract] |
Assets And Liabilities Measured At Fair Value On Recurring Basis | Our population of assets and liabilities subject to fair value measurements on a recurring basis are as follows:
|  | Fair value measurements using fair value hierarchy as of November 30, 2024
(millions) | Fair value | Level 1 | Level 2
Assets: |  |  |
Cash and cash equivalents | $ | 186.1 |  | $ | 186.1 |  | $ | — |
Insurance contracts | 129.2 |  | — |  | 129.2 |
Bonds and other long-term investments | 1.3 |  | 1.3 |  | — |
Foreign currency derivatives | 5.2 |  | — |  | 5.2 |
Cross currency contracts | 36.8 |  | — |  | 36.8 |
Total | $ | 358.6 |  | $ | 187.4 |  | $ | 171.2 |
Liabilities: |  |  |
Interest rate derivatives | $ | 37.9 |  | $ | — |  | $ | 37.9 |
Foreign currency derivatives | 12.5 |  | — |  | 12.5 |
Total | $ | 50.4 |  | $ | — |  | $ | 50.4 |
|  | Fair value measurements using fair value hierarchy as of November 30, 2023
(millions) | Fair value | Level 1 | Level 2
Assets: |  |  |
Cash and cash equivalents | $ | 166.6 |  | $ | 166.6 |  | $ | — |
Insurance contracts | 114.7 |  | — |  | 114.7 |
Bonds and other long-term investments | 0.3 |  | 0.3 |  | — |
Foreign currency derivatives | 2.5 |  | — |  | 2.5 |
Cross currency contracts | 24.6 |  | — |  | 24.6 |
Total | $ | 308.7 |  | $ | 166.9 |  | $ | 141.8 |
Liabilities: |  |  |
Interest rate derivatives | $ | 52.8 |  | $ | — |  | $ | 52.8 |
Foreign currency derivatives | 16.0 |  | — |  | 16.0 |
Cross currency contracts | 7.5 |  | — |  | 7.5 |
Total | $ | 76.3 |  | $ | — |  | $ | 76.3 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The carrying amount and fair value of long-term debt, including the current portion, as of November 30 were as follows:
(millions) | 2024 | 2023
| Carrying amount | Fair value | Carrying amount | Fair value
Long-term debt (including current portion) | $ | 3,858.8 |  | $ | 3,677.1 |  | $ | 4,139.2 |  | $ | 3,841.0 |
Level 1 valuation techniques |  | 3,557.3 |  |  | 3,682.0 |
Level 2 valuation techniques |  | 119.8 |  |  | 159.0 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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