XML 43 R24.htm IDEA: XBRL DOCUMENT
v3.24.4

Supplemental Financial Statement Data | 12 Months Ended
--- | ---
Nov. 30, 2024
Supplemental Financial Statement Data [Abstract] |
Supplemental Financial Statement Data | SUPPLEMENTAL FINANCIAL STATEMENT DATA Supplemental consolidated information with respect to our income statement, balance sheet, and cash flow follow:
For the year ended November 30 (millions) | 2024 | 2023 | 2022
Other income, net |  |  |
Gain (loss) on sale of business | $ | — |  | $ | (1.2) |  | $ | 49.6 |
Gain on settlement of treasury locks (1) | — |  | — |  | 18.7 |
Pension and other postretirement benefit income | 8.4 |  | 10.7 |  | 9.6 |
Interest income | 45.9 |  | 36.6 |  | 17.8 |
Other | (6.9) |  | (2.2) |  | 2.6 |
| $ | 47.4 |  | $ | 43.9 |  | $ | 98.3 |
(1) The settlement of these treasury locks is further described in Note 7. On August 3, 2022, we sold the Kitchen Basics business for $95.2 million in cash, net of transaction expenses of $3.8 million. Assets disposed of principally included inventory, intangible assets ($6.3 million) and goodwill ($21.5 million). The sale of Kitchen Basics resulted in a pre-tax gain of $49.6 million.
At November 30 (millions) | 2024 | 2023 |
Trade accounts receivable allowance for doubtful accounts | $ | 4.7 |  | $ | 5.9 |  |
Inventories |  |  |
Finished products | $ | 618.3 |  | $ | 570.0 |  |
Raw materials and work-in-process | 621.6 |  | 556.5 |  |
| $ | 1,239.9 |  | $ | 1,126.5 |  |
Prepaid expenses | $ | 51.5 |  | $ | 47.6 |  |
Other current assets | 74.1 |  | 73.4 |  |
| $ | 125.6 |  | $ | 121.0 |  |
Property, plant and equipment |  |  |
Land and improvements | $ | 94.1 |  | $ | 93.3 |  |
Buildings (including finance leases) | 835.8 |  | 820.9 |  |
Machinery, equipment and other | 1,571.2 |  | 1,440.3 |  |
Construction-in-progress | 247.1 |  | 223.3 |  |
Accumulated depreciation | (1,335.2) |  | (1,253.1) |  |
| $ | 1,413.0 |  | $ | 1,324.7 |  |
Other long-term assets |  |  |
Investments in affiliates | $ | 152.2 |  | $ | 149.1 |  |
Long-term investments | 130.5 |  | 115.0 |  |
Right of use asset | 211.0 |  | 220.0 |  |
Software, net of accumulated amortization of $288.4 for 2024 and $270.1 for 2023 | 179.1 |  | 159.9 |  |
Pension asset | 122.4 |  | 127.1 |  |
Other | 176.7 |  | 148.1 |  |
| $ | 971.9 |  | $ | 919.2 |  |
Other accrued liabilities |  |  |
Payroll and employee benefits | $ | 192.8 |  | $ | 222.1 |  |
Sales allowances | 206.4 |  | 195.3 |  |
Dividends payable | 120.7 |  | 112.6 |  |
Other | 376.5 |  | 378.1 |  |
| $ | 896.4 |  | $ | 908.1 |  |
Other long-term liabilities |  |  |
Pension | $ | 84.4 |  | $ | 81.8 |  |
Postretirement benefits | 40.5 |  | 42.1 |  |
Operating lease liability | 166.6 |  | 179.9 |  |
Unrecognized tax benefits | 20.6 |  | 27.7 |  |
Other | 124.5 |  | 147.3 |  |
| $ | 436.6 |  | $ | 478.8 |  |
For the year ended November 30 (millions) | 2024 | 2023 | 2022
Depreciation | $ | 143.3 |  | $ | 135.3 |  | $ | 136.3 |
Software amortization | 21.9 |  | 19.1 |  | 18.9 |
Interest paid | 210.1 |  | 203.6 |  | 148.8 |
Income taxes paid | 221.0 |  | 118.3 |  | 192.4 |
Dividends paid per share were $1.68 in 2024, $1.56 in 2023, and $1.48 in 2022. Dividends declared per share were $1.71 in 2024, $1.59 in 2023, and $1.50 in 2022.

X
- Definition Supplemental financial statement data [Abstract] + References No definition available. + Details
Name: | mkc_SupplementalFinancialStatementDataAbstract
Namespace Prefix: | mkc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration