v3.26.3
Fair Value Measurement (Tables)
9 Months Ended
Aug. 31, 2026
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on recurring basis Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions):
August 31, 2026
Fair ValueLevel 1Level 2
Assets
Cash and cash equivalents$331.1 $331.1 $— 
Insurance contracts133.6 — 133.6 
Bonds and money market fund investments3.4 3.4 — 
Foreign currency derivatives3.9 — 3.9 
Cross currency contracts6.8 — 6.8 
Commodity contracts 46.2 30.6 15.6 
Total$525.0 $365.1 $159.9 
Liabilities
Foreign currency derivatives$5.3 $— $5.3 
Interest rate derivatives25.8 — 25.8 
Cross currency contracts17.9 — 17.9 
Commodity contracts 3.7 3.7 — 
Total$52.7 $3.7 $49.0 
 
November 30, 2025
Fair ValueLevel 1Level 2
Assets
Cash and cash equivalents$95.9 $95.9 $— 
Insurance contracts131.0 — 131.0 
Bonds and money market fund investments1.9 1.9 — 
Foreign currency derivatives6.5 — 6.5 
Cross currency contracts8.5 — 8.5 
Total$243.8 $97.8 $146.0 
Liabilities
Foreign currency derivatives$0.7 $— $0.7 
Interest rate derivatives20.8 — 20.8 
Cross currency contracts18.1 — 18.1 
Total$39.6 $— $39.6 
Fair Value, by Balance Sheet Grouping
The following table sets forth the carrying amounts and fair values of our long-term debt including the current portion thereof (in millions):
August 31, 2026November 30, 2025
Carrying amount$3,678.0 $3,614.9 
Level 1 valuation techniques$3,319.2 $3,401.1 
Level 2 valuation techniques173.0 104.8 
Total fair value$3,492.2 $3,505.9