v3.26.3
Accumulated Other Comprehensive Loss
 9 Months Ended
Aug. 31, 2026
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS ATTRIBUTABLE TO McCORMICK
The following table sets forth the components of accumulated other comprehensive income (loss), net of tax, where applicable (in millions):
August 31, 2026November 30, 2025
Foreign currency translation adjustment(1)
$(71.3)$(269.9)
Unrealized net gain (loss) on cash flow hedges(2)
24.9 (3.2)
Unamortized value of settled interest rate swaps(0.9)(1.1)
Pension and other postretirement costs(90.7)(88.9)
Accumulated other comprehensive loss attributable to McCormick$(138.0)$(363.1)
(1)During the nine months ended August 31, 2026, the foreign currency translation adjustment of Accumulated other comprehensive loss decreased on a net basis by $198.6 million, inclusive of $0.9 million of unrealized losses associated with net investment hedges, $2.3 million of foreign currency translation gain associated with the exit of our development-stage pepper sourcing and agricultural technology project, and $40.6 million of foreign currency translation loss associated with our prior 50% ownership interest in McCormick de Mexico that was reclassified from Accumulated other comprehensive loss as more fully described in Note 2. Net investment hedges are more fully described in Note 4.
(2)During the nine months ended August 31, 2026, cash flow hedges generated unrealized gains and increased on a net basis by $28.1 million, inclusive of $4.2 million unrealized net loss on cash flow hedges associated with our prior 50% ownership interest in McCormick de Mexico that was reclassified from Accumulated other comprehensive loss as more fully described in Note 2. Cash flow hedges are more fully described in Note 4.
The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income (in millions):
Three months ended August 31,Nine months ended August 31,Affected Line Items in the Condensed Consolidated Income Statement
2026202520262025
(Gains)/losses on cash flow hedges:
Interest rate derivatives$(0.1)$0.1 (0.3)0.4 Interest expense
Foreign exchange contracts0.6 0.7 0.8 0.1 Cost of goods sold
Commodity contracts(7.7)— (14.0)— Cost of goods sold
Total before tax(7.2)0.8 (13.5)0.5 
Tax effect2.2 (0.2)4.1 (0.1)Income tax expense
Net, after tax$(5.0)$0.6 $(9.4)$0.4 
Amortization of pension and postretirement benefit adjustments:
Amortization of prior service costs(1)
$0.2 $— 0.4 $0.2 Other income, net
Amortization of net actuarial (gains)(1)
(0.4)(0.3)(1.1)(1.1)Other income, net
Total before tax$(0.2)$(0.3)(0.7)$(0.9)
Tax effect0.1 0.1 0.2 0.2 Income tax expense
Net, after tax$(0.1)$(0.2)$(0.5)$(0.7)
Amounts reclassified into earnings due to acquisitions and divestitures:
Reclassification as a result of acquisition of McCormick de Mexico Non-Controlling Interest$— $— $44.8 $— Income from unconsolidated operations
Reclassification as a result of exit of pepper sourcing and agricultural technology project(2.3)— (2.3)— Special charges
Total before tax(2.3)— 42.5 — 
Tax effect— — — — Income tax expense
Net, after tax$(2.3)$— $42.5 $— 
(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 7 for additional details.