IHS Markit (INFO) 10-Q 27 Jun 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	May 31, 2017shares
Entity Information [Line Items]
Entity Registrant Name	IHS Markit Ltd.
Entity Central Index Key	1,598,014
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	May 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding	399,197,261

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	May 31, 2017	Nov. 30, 2016
Current assets:
Cash and cash equivalents	$ 162.5	$ 138.9
Accounts receivable, net	669.7	635.6
Income tax receivable	32.2	26
Deferred subscription costs	66.6	55.6
Other current assets	93.2	77.4
Total current assets	1,024.2	933.5
Non-current assets:
Property and equipment, net	470.1	416.2
Intangible assets, net	4,236.3	4,351.8
Goodwill	8,277.1	8,209.8
Deferred income taxes	14.8	14.8
Other	48.7	10.5
Total non-current assets	13,047	13,003.1
Total assets	14,071.2	13,936.6
Current liabilities:
Short-term debt	561.2	104.6
Accounts payable	60	58.9
Accrued compensation	84.5	174
Accrued royalties	35.2	35.7
Other accrued expenses	243.8	257.1
Income tax payable	5.5	11.9
Deferred revenue	869.4	770.2
Total current liabilities	1,859.6	1,412.4
Long-term debt	3,423.2	3,279.3
Accrued pension and postretirement liability	32.5	33
Deferred income taxes	974.1	995.1
Other liabilities	114.9	74.7
Commitments and contingencies
Redeemable noncontrolling interest	58.3	57.7
Shareholders' equity:
Common shares, $0.01 par value, 3,000.0 authorized, 465.4 and 454.1 issued, and 399.2 and 415.0 outstanding at May 31, 2017 and November 30, 2016, respectively	4.7	4.5
Additional paid-in capital	7,506.6	7,210.9
Treasury shares, at cost: 66.2 and 39.1 at May 31, 2017 and November 30, 2016, respectively	(1,563.9)	(499.1)
Retained earnings	1,971	1,806.9
Accumulated other comprehensive loss	(309.8)	(438.8)
Total shareholders' equity	7,608.6	8,084.4
Total liabilities and shareholders' equity	$ 14,071.2	$ 13,936.6

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	May 31, 2017	Nov. 30, 2016
Common shares, par value per share	$ 0.01	$ 0.01
Common shares, shares authorized	3,000	3,000
Common shares, shares issued	465.4	454.1
Common shares, shares outstanding	399.2	415
Treasury shares, shares	66.2	39.1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Revenue	$ 906.1	$ 587.9	$ 1,750.3	$ 1,136.4
Operating expenses:
Cost of revenue	337.7	212.3	664.7	423.1
Selling, general and administrative	274.2	207	542.2	393.5
Depreciation and amortization	122.8	64.3	243.6	124.8
Restructuring charges	(0.5)	7.6	(0.7)	13.3
Acquisition-related costs	30.4	11.5	62	15.3
Net periodic pension and postretirement expense	0.4	0.5	0.8	0.8
Other expense (income), net	4.3	(0.3)	5.2	0.9
Total operating expenses	769.3	502.9	1,517.8	971.7
Operating income	136.8	85	232.5	164.7
Interest income	0.6	0.4	1.1	0.7
Interest expense	(37.7)	(27.2)	(69.5)	(55.4)
Non-operating expense, net	(37.1)	(26.8)	(68.4)	(54.7)
Income from continuing operations before income taxes and equity in loss of equity method investee	99.7	58.2	164.1	110
Benefit (provision) for income taxes	(1)	13.4	(4.6)	23.8
Equity in loss of equity method investee	(1.9)	0	(3.9)	0
Income from continuing operations	98.8	44.8	164.8	86.2
Income from discontinued operations, net	0	5.2	0	9
Net income	98.8	50	164.8	95.2
Net loss attributable to noncontrolling interest	(0.5)	0	(0.5)	0
Net income attributable to IHS Markit Ltd.	$ 99.3	$ 50	$ 165.3	$ 95.2
Basic earnings per share:
Income from continuing operations attributable to IHS Markit Ltd.	$ 0.25	$ 0.19	$ 0.41	$ 0.36
Income from discontinued operations, net	0	0.02	0	0.04
Net income attributable to IHS Markit Ltd.	$ 0.25	$ 0.21	$ 0.41	$ 0.40
Weighted average shares used in computing basic earnings per share	399.7	240.3	403	240.1
Diluted earnings per share:
Income from continuing operations attributable to IHS Markit Ltd.	$ 0.24	$ 0.19	$ 0.39	$ 0.36
Income from discontinued operations, net	0	0.02	0	0.04
Net income attributable to IHS Markit Ltd.	$ 0.24	$ 0.21	$ 0.39	$ 0.39
Weighted average shares used in computing diluted earnings per share	415.6	241.1	418.9	241.8

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income Statement - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Net income	$ 98.8	$ 50	$ 164.8	$ 95.2
Other comprehensive income, net of tax:
Net hedging activities	(1.6)	2.3	1.4	(1.7)
Foreign currency translation adjustment	152.5	32.4	127.6	10.3
Total other comprehensive income	150.9	34.7	129	8.6
Comprehensive income	249.7	84.7	293.8	103.8
Comprehensive loss attributable to noncontrolling interest	0.5	0	0.5	0
Comprehensive income attributable to IHS Markit Ltd.	$ 250.2	$ 84.7	$ 294.3	$ 103.8

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Tax expense (benefit) on net hedging activities	$ (0.4)	$ 1.5	$ 0.4	$ (1.1)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	May 31, 2017	May 31, 2016
Operating activities:
Net income	$ 165.3	$ 95.2
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization	243.6	124.8
Stock-based compensation expense	139.8	64.5
Gain on sale of business	0	43.3
Excess tax benefit from stock-based compensation	0	(0.1)
Net periodic pension and postretirement expense	0.8	0.8
Undistributed earnings of affiliates, net	0.6	0
Pension and postretirement contributions	(1.3)	(1.7)
Deferred income taxes	(22.5)	25.6
Change in assets and liabilities:
Accounts receivable, net	(10.4)	13
Other current assets	(41.4)	(28.8)
Accounts payable	(13.8)	(19.9)
Accrued expenses	(96.1)	(15.6)
Income tax	(11)	24.8
Deferred revenue	94	80.8
Other liabilities	3.7	8.4
Net cash provided by operating activities	451.3	328.5
Investing activities:
Capital expenditures on property and equipment	(130.5)	(52.7)
Acquisitions of businesses, net of cash acquired	0	(1,113.4)
Proceeds from sale of business	0	190.2
Change in other assets	(0.3)	4.3
Settlements of forward contracts	9	(4.1)
Net cash used in investing activities	(121.8)	(975.7)
Financing activities:
Proceeds from borrowings	1,790	1,100
Repayment of borrowings	(1,185.2)	(270)
Payment of debt issuance costs	(9.5)	(15.4)
Excess tax benefit from stock-based compensation	0	0.1
Proceeds from the exercise of employee stock options	187.5	0
Repurchases of common shares	(1,076)	(106)
Net cash (used in) provided by financing activities	(293.2)	708.7
Foreign exchange impact on cash balance	(12.7)	(9.1)
Net increase in cash and cash equivalents	23.6	52.4
Cash and cash equivalents, including discontinued operations, at the beginning of the period	138.9	293.1
Cash and cash equivalents, including discontinued operations, at the end of the period	162.5	$ 345.5
Cash and cash equivalents from continuing operations at the end of the period	$ 162.5

Condensed Consolidated Stateme8

Condensed Consolidated Statement of Changes in Stockholders' Equity - 6 months ended May 31, 2017 - USD ($) shares in Millions, $ in Millions	Total	Common Shares [Member]	Additional Paid-in Capital [Member]	Treasury Shares [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Employee Stock Option [Member]	Employee Stock Option [Member]Common Shares [Member]	Employee Stock Option [Member]Additional Paid-in Capital [Member]	Employee Stock Option [Member]Treasury Shares [Member]	Employee Stock Option [Member]Retained Earnings [Member]	Employee Stock Option [Member]Accumulated Other Comprehensive Loss [Member]
Balance, shares at Nov. 30, 2016	415	415
Balance (Audited) at Nov. 30, 2016	$ 8,084.4	$ 4.5	$ 7,210.9	$ (499.1)	$ 1,806.9	$ (438.8)
Repurchases of common stock, shares		(25.5)
Repurchases of common stock, value	(1,005.7)	$ 0	0	(1,005.7)	0	0
Share-based award activity, shares		1.8
Share-based award activity, value	$ 48.7	$ 0.1	107.7	(59.1)	0	0
Option exercises, shares	7.9							7.9
Option exercises, value							$ 188.1	$ 0.1	$ 188	$ 0	$ 0	$ 0
Net income	$ 165.3	0	0	0	165.3	0
Noncontrolling interest activity	(1.2)	0	0	0	(1.2)	0
Other comprehensive income	$ 129	$ 0	0	0	0	129
Balance, shares at May. 31, 2017	399.2	399.2
Balance at May. 31, 2017	$ 7,608.6	$ 4.7	$ 7,506.6	$ (1,563.9)	$ 1,971	$ (309.8)

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	May 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	Basis of Presentation and Significant Accounting Policies On July 12, 2016, IHS Inc. (IHS), a Delaware corporation, Markit Ltd. (Markit), a Bermuda exempted company, and Marvel Merger Sub, Inc. (Merger Sub), a Delaware corporation and an indirect and wholly owned subsidiary of Markit Ltd., completed a merger (Merger) pursuant to which Merger Sub merged with and into IHS, with IHS surviving the Merger as an indirect and wholly owned subsidiary of Markit. Upon completion of the Merger, Markit became the combined group holding company and was renamed IHS Markit Ltd. (IHS Markit, we, us, or our). The Merger has been accounted for as a business combination in accordance with Accounting Standards Codification (ASC) Topic 805. This standard requires that one of the two companies in the Merger be designated as the acquirer for accounting purposes based on the evidence available. We have treated IHS as the acquiring entity for accounting purposes, and accordingly, the Markit assets acquired and liabilities assumed have been adjusted based on fair value at the consummation of the Merger. Any excess of the purchase price over the fair value of identified assets acquired and liabilities assumed has been recognized as goodwill. In identifying IHS as the acquiring entity for accounting purposes, IHS Markit took into account the voting rights of all equity instruments, the intended corporate governance structure of the combined company, and the size of each of the companies. In assessing the size of each of the companies, IHS Markit evaluated various metrics, including, but not limited to: assets, revenue, operating income, EBITDA, Adjusted EBITDA, market capitalization, and enterprise value. No single factor was the sole determinant in the overall conclusion that IHS is the acquirer for accounting purposes; rather, all factors were considered in arriving at our conclusion. The accompanying unaudited condensed consolidated financial statements of IHS Markit have been prepared on substantially the same basis as our annual consolidated financial statements and should be read in conjunction with our Annual Report on Form 10-K for the year ended November 30, 2016 . In our opinion, these condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented, and such adjustments are of a normal, recurring nature. Our business has seasonal aspects. Our fourth quarter typically generates our highest quarterly levels of revenue and profit. Conversely, our first quarter generally has our lowest quarterly levels of revenue and profit. We also experience event-driven seasonality in our business; for instance, CERAWeek, an annual energy conference, was held in the first quarter of 2016 and was held early in the second quarter of 2017. Another example is the biennial release of the Boiler Pressure Vessel Code (BPVC) engineering standard, which generates revenue for us predominantly in the third quarter of every other year. The most recent BPVC release was in the third quarter of 2015 and the next release will be in the third quarter of 2017. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, which establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The ASU allows for the use of either the full or modified retrospective transition method. In March, April, and May 2016, the FASB issued ASU 2016-08, ASU 2016-10, and ASU 2016-12, respectively, which provide further revenue recognition guidance related to principal versus agent considerations, performance obligations and licensing, and narrow-scope improvements and practical expedients. All of these standards will be effective for us in the first quarter of our fiscal year 2019, although early adoption is permitted. We are currently evaluating the impact of these new standards on our consolidated financial statements, as well as which transition method we intend to use. In August 2014, the FASB issued ASU 2014-15, which requires that management evaluate the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Disclosure is required if there is substantial doubt about the entity’s ability to continue as a going concern. The standard will be effective for us in the fourth quarter of our fiscal year 2017, although early adoption is permitted. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, which requires that lease assets and lease liabilities be recognized on the balance sheet, and that key information about leasing arrangements be disclosed. The ASU requires the use of a modified retrospective transition method. The standard will be effective for us in the first quarter of our fiscal year 2020, although early adoption is permitted. We are currently evaluating the impact of this new standard on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, which changes several aspects of the accounting for stock-based compensation, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. We early adopted this standard in the first quarter of our fiscal year 2017. As a result of the adoption, we now recognize excess tax benefits or deficiencies associated with stock-based compensation award activity in income tax expense in the consolidated statements of operations. For the three and six months ended May 31, 2017, the excess tax benefit associated with stock-based compensation award activity reduced income tax expense by approximately $9.2 million and $23.2 million , respectively. In addition, we now report excess tax benefits associated with award activity as cash flows from operating activities along with all other income tax cash flows, and we have elected to apply this classification change on a prospective basis. The standard also permitted us to make a policy election about how we account for forfeitures, and we have elected to continue to estimate forfeitures. In August 2016, the FASB issued ASU 2016-15, which clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU should be applied using a retrospective transition method to each period presented. The standard will be effective for us in the first quarter of our fiscal year 2019, although early adoption is permitted. We are currently evaluating the impact of this new standard on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, which provides additional guidance about what qualifies as a business combination versus an asset acquisition. The standard will be effective for us in the first quarter of our fiscal year 2019. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, which removes Step 2 from the goodwill impairment test. The standard will be effective for us in the first quarter of our fiscal year 2021. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, which requires that the service cost component of pension expense be included in the same line item as other compensation costs arising from services rendered by employees, with the other components of pension expense being classified outside of a subtotal of income from operations. The standard will be effective for us in fiscal year 2019. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, which provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The standard will be effective for us in fiscal year 2019. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements.

Business Combinations

Business Combinations	6 Months Ended
	May 31, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Business Combinations As described in Note 1 above, we completed the Merger on July 12, 2016. The purchase price allocation for this business combination is still preliminary and may change upon completion of the determination of fair value. The following table summarizes the current purchase price allocation, net of acquired cash, for the Merger (in millions): Assets: Current assets $ 305.6 Property and equipment 61.2 Intangible assets 3,288.8 Goodwill 4,281.0 Other long-term assets 10.5 Total assets 7,947.1 Liabilities: Current liabilities 250.8 Deferred revenue 230.8 Deferred taxes 693.7 Long-term debt 546.5 Other long-term liabilities 17.9 Noncontrolling interest 57.1 Total liabilities and noncontrolling interest 1,796.8 Purchase price, net of cash acquired $ 6,150.3

Intangible Assets

Intangible Assets	6 Months Ended
	May 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets [Text Block]	Intangible Assets The following table presents details of our intangible assets, other than goodwill, as of May 31, 2017 and November 30, 2016 (in millions): As of May 31, 2017 As of November 30, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Intangible assets subject to amortization: Information databases $ 756.9 $ (310.3 ) $ 446.6 $ 768.0 $ (283.9 ) $ 484.1 Customer relationships 2,941.4 (285.8 ) 2,655.6 2,910.6 (217.4 ) 2,693.2 Developed technology 767.5 (46.1 ) 721.4 755.4 (20.1 ) 735.3 Developed computer software 84.8 (49.4 ) 35.4 84.9 (44.9 ) 40.0 Trademarks 458.2 (84.7 ) 373.5 400.9 (59.8 ) 341.1 Other 12.5 (8.7 ) 3.8 12.4 (7.5 ) 4.9 Total $ 5,021.3 $ (785.0 ) $ 4,236.3 $ 4,932.2 $ (633.6 ) $ 4,298.6 Intangible assets not subject to amortization: Trademarks — — — 53.2 — 53.2 Total intangible assets $ 5,021.3 $ (785.0 ) $ 4,236.3 $ 4,985.4 $ (633.6 ) $ 4,351.8 Intangible assets amortization expense was $83.7 million and $168.4 million for the three and six months ended May 31, 2017 , respectively, compared to $39.8 million and $76.8 million for the three and six months ended May 31, 2016 . The following table presents the estimated future amortization expense related to intangible assets held as of May 31, 2017 (in millions): Year Amount Remainder of 2017 $ 164.6 2018 $ 319.7 2019 $ 305.7 2020 $ 296.2 2021 $ 290.0 Thereafter $ 2,860.1 During the first quarter of 2017, we determined that all of our previously non-amortizing trademarks should be reclassified to amortizing trademarks. We performed a discounted cash flow impairment test at the time of the classification change, and no impairment was indicated as a result of the test. Goodwill, gross intangible assets, and net intangible assets were all subject to foreign currency translation effects. The change in net intangible assets from November 30, 2016 to May 31, 2017 was primarily due to current year amortization.

Debt

Debt	6 Months Ended
	May 31, 2017
Debt Disclosure [Abstract]
Debt [Text Block]	Debt The following table summarizes total indebtedness as of May 31, 2017 and November 30, 2016 (in millions): May 31, 2017 November 30, 2016 2016 revolving facility $ 962.0 $ 1,282.0 2016 term loan: Tranche A-1 631.4 647.8 Tranche A-2 529.4 543.1 2017 term loan 500.0 — 5.00% senior notes due 2022 750.0 750.0 4.75% senior notes due 2025 500.0 — Institutional senior notes: Series A 95.9 95.9 Series B 53.7 53.8 Share repurchase liability — 43.4 Debt issuance costs (43.1 ) (38.3 ) Capital leases 5.1 6.2 Total debt $ 3,984.4 $ 3,383.9 Current portion (561.2 ) (104.6 ) Total long-term debt $ 3,423.2 $ 3,279.3 2016 revolving facility. In July 2016, we entered into a $1.85 billion senior unsecured revolving credit agreement (2016 revolving facility). Borrowings under the 2016 revolving facility mature in July 2021. The interest rates for borrowings under the 2016 revolving facility are the applicable LIBOR plus a spread of 1.00 percent to 1.75 percent , depending upon our Leverage Ratio, which is defined as the ratio of Consolidated Funded Indebtedness to rolling four-quarter Consolidated Earnings Before Interest Expense, Taxes, Depreciation and Amortization (EBITDA), as such terms are defined in the revolving facility agreement. A commitment fee on any unused balance is payable periodically and ranges from 0.13 percent to 0.30 percent based upon our Leverage Ratio. We had approximately $1.5 million of outstanding letters of credit under the 2016 revolving facility as of May 31, 2017 , which reduces the available borrowing under the facility by an equivalent amount. 2016 term loan. In July 2016, we entered into a $1.206 billion senior unsecured amortizing term loan agreement (2016 term loan). The 2016 term loan has a final maturity date of July 2021. The interest rates for borrowings under the 2016 term loan are the same as those under the 2016 revolving facility. Subject to certain conditions, the 2016 revolving facility and the 2016 term loan may be expanded by up to an aggregate of $500 million in additional commitments or term loans. The 2016 revolving facility and the 2016 term loan have certain financial and other covenants, including a maximum Leverage Ratio and a minimum Interest Coverage Ratio, which is defined as the ratio of Consolidated EBITDA to Consolidated Interest Expense, as such terms are defined in the agreements. 2017 term loan. On January 26, 2017, we entered into a 364-day $500 million senior unsecured term loan (2017 term loan). The 2017 term loan is structured as a non-amortizing loan with repayment of principal due at maturity. The interest rates for borrowings under the 2017 term loan are the same as those under the 2016 revolving facility. The 2017 term loan has certain financial covenants that are the same as the 2016 revolving facility and the 2016 term loan, including a maximum Leverage Ratio and minimum Interest Coverage Ratio, as such terms are defined in the agreement. 5.00% senior notes due 2022 (5% Notes). In October 2014, IHS Inc. issued $750 million aggregate principal amount of senior unsecured notes due 2022 in an offering not subject to the registration requirements of the Securities Act of 1933, as amended (the Securities Act). In August 2015, we completed a registered exchange offer for the 5% Notes. In July 2016, in connection with the Merger, we completed an exchange offer for $742.8 million of the outstanding 5% Notes for an equal principal amount of new 5% senior unsecured notes issued by IHS Markit with the same maturity. Approximately $7.2 million of the 5% Notes did not participate in the exchange offer. The new 5% notes are not, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction. The new 5% notes have been admitted for trading to the official list of the Channel Islands Securities Exchange Authority. The 5% Notes bear interest at a fixed rate of 5.00 percent and mature on November 1, 2022. Interest on the 5% Notes is due semiannually on May 1 and November 1 of each year, commencing May 1, 2015. We may redeem the 5% Notes in whole or in part at a redemption price equal to 100 percent of the principal amount of the notes plus the Applicable Premium, as defined in the indenture governing the 5% Notes. Additionally, at the option of the holders of the notes, we may be required to purchase all or a portion of the notes upon occurrence of a Change of Control Triggering Event as defined in the indenture, at a price equal to 101 percent of the principal amount thereof, plus accrued and unpaid interest to the date of purchase. The indenture contains covenants that limit our ability to, among other things, incur or create liens and enter into sale and leaseback transactions. In addition, the indenture contains a covenant that limits our ability to consolidate or merge with another entity or to sell all or substantially all of our assets to another entity. The indenture contains customary default provisions. The fair value of the 5% Notes as of May 31, 2017 was approximately $805.4 million . 4.75% notes due 2025 (4.75% Notes). In February 2017, we issued $500.0 million aggregate principal amount of senior unsecured notes due 2025 in an offering not subject to the registration requirements of the Securities Act. The 4.75% notes have been admitted for trading to the official list of the Channel Islands Securities Exchange Authority. The 4.75% Notes bear interest at a fixed rate of 4.75 percent and mature on February 15, 2025. Interest on the 4.75% Notes is due semiannually on February 15 and August 15 of each year, commencing August 15, 2017. We may redeem the 4.75% Notes in whole or in part at a redemption price equal to 100 percent of the principal amount of the notes plus the Applicable Premium, as defined in the indenture governing the 4.75% Notes. Additionally, at the option of the holders of the notes, we may be required to purchase all or a portion of the notes upon occurrence of a Change of Control Triggering Event as defined in the indenture, at a price equal to 101 percent of the principal amount thereof, plus accrued and unpaid interest to the date of purchase. The indenture contains covenants that limit our ability to, among other things, incur or create liens and enter into sale and leaseback transactions. In addition, the indenture contains a covenant that limits our ability to consolidate or merge with another entity or to sell all or substantially all of our assets to another entity. The indenture contains customary default provisions. The fair value of the 4.75% Notes as of May 31, 2017 was approximately $526.3 million . Institutional senior notes. In November 2015, Markit issued two series of senior unsecured notes having an aggregate principal amount of $500 million to certain institutional investors. In November 2016, we completed an offer to repurchase approximately $350 million of these notes. The Series A notes bear interest at a fixed rate of 3.73 percent and mature on November 4, 2022. The Series B notes bear interest at a fixed rate of 4.05 percent and mature on November 4, 2025. Interest is paid semiannually from the anniversary of issuance. The institutional senior notes have certain financial and other covenants, including a maximum Consolidated Leverage Ratio and a minimum Interest Coverage Ratio, as such terms are defined in the Note Purchase and Guarantee Agreement. We believe that the fair value of the outstanding institutional senior notes as of May 31, 2017 was approximately $146.6 million . Share repurchase liability. In August 2012, Markit executed a share repurchase where the consideration was payable in quarterly installments. As of May 31, 2017, the liability has been fully repaid. As of May 31, 2017 , we were in compliance with all of our debt covenants. We have classified short-term debt based on scheduled term loan amortization payments and expected cash availability over the next 12 months. As of May 31, 2017 , we had approximately $962.0 million of outstanding borrowings under the 2016 revolving facility at a current annual interest rate of 2.52 percent and approximately $1.661 billion of outstanding borrowings under the 2016 and 2017 term loans at a current weighted average annual interest rate of 2.98 percent , including the effect of the interest rate swaps described in Note 5. The carrying value of our variable rate debt instruments approximate their fair value because of the variable interest rates associated with those instruments. The fair values of the 5% Notes, the 4.75% Notes, and the institutional senior notes were measured using observable inputs in markets that are not active; consequently, we have classified those notes within Level 2 of the fair value hierarchy.

Derivatives

Derivatives	6 Months Ended
	May 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivatives Our business is exposed to various market risks, including interest rate and foreign currency risks. We utilize derivative instruments to help us manage these risks. We do not hold or issue derivatives for speculative purposes. Interest Rate Swaps To mitigate interest rate exposure on our outstanding revolving facility debt, we utilize interest rate derivative contracts that effectively swap $400 million of floating rate debt at a 2.86 percent weighted-average fixed interest rate, plus the applicable spread on our floating rate debt. We entered into these swap contracts in November 2013 and January 2014, and the contracts expire between May and November 2020. Because the terms of these swaps and the variable rate debt (as amended or extended over time) coincide, we do not expect any ineffectiveness. We have designated and accounted for these instruments as cash flow hedges, with changes in fair value being deferred in accumulated other comprehensive income/loss (AOCI) in our consolidated balance sheets. Foreign Currency Forwards To mitigate foreign currency exposure, we utilize the following derivative instruments: • Foreign currency forward contracts that hedge the foreign currency exposure on Euro-denominated receipts and Singapore Dollar-denominated and Indian Rupee-denominated expenses. The hedges of the Singapore Dollar and Indian Rupee-denominated expenses expired in the second quarter of 2017. Because the critical terms of the forward contracts and the forecasted cash flows coincide, we do not expect any ineffectiveness associated with these contracts. We designated and account for these derivatives as cash flow hedges, with changes in fair value being deferred in AOCI in our consolidated balance sheets. The notional amount of outstanding foreign currency forwards under these agreements as of May 31, 2017 and November 30, 2016 was approximately $9.9 million and $40.8 million , respectively. • Short-term foreign currency forward contracts that manage market risks associated with fluctuations in balances that are denominated in currencies other than the local functional currency. We account for these forward contracts at fair value and recognize the associated realized and unrealized gains and losses in other expense, net, since we have not designated these contracts as hedges for accounting purposes. The following table summarizes the notional amounts of these outstanding foreign currency forward contracts as of May 31, 2017 and November 30, 2016 (in millions): May 31, 2017 November 30, 2016 Notional amount of currency pair: Contracts to buy USD with CAD $ 34.9 $ 37.2 Contracts to buy CAD with USD C$ 3.4 C$ 6.7 Contracts to buy USD with EUR $ 12.0 $ 8.8 Contracts to buy EUR with USD € 12.0 € 13.0 Contracts to buy CHF with USD CHF 8.0 CHF 9.0 Contracts to buy EUR with GBP € 9.0 € 8.0 Contracts to buy GBP with USD £ 177.7 £ 195.7 Contracts to buy NOK with GBP NOK 50.0 NOK 57.0 Fair Value of Derivatives Since our derivative instruments are not listed on an exchange, we have evaluated fair value by reference to similar transactions in active markets; consequently, we have classified all of our derivative instruments within Level 2 of the fair value measurement hierarchy. The following table shows the classification, location, and fair value of our derivative instruments as of May 31, 2017 and November 30, 2016 (in millions): Fair Value of Derivative Instruments Location on consolidated balance sheets May 31, 2017 November 30, 2016 Assets: Derivatives designated as accounting hedges: Foreign currency forwards $ 0.2 $ 1.4 Other current assets Derivatives not designated as accounting hedges: Foreign currency forwards 2.3 3.8 Other current assets Total $ 2.5 $ 5.2 Liabilities: Derivatives designated as accounting hedges: Interest rate swaps $ 15.3 $ 18.0 Other liabilities Foreign currency forwards — 0.1 Other accrued expenses Derivatives not designated as accounting hedges: Foreign currency forwards 1.0 0.6 Other accrued expenses Total $ 16.3 $ 18.7 The net (gain) loss on foreign currency forwards that are not designated as hedging instruments for the three and six months ended May 31, 2017 and the three and six months ended May 31, 2016 , respectively, was as follows (in millions): Amount of (gain) loss recognized in the consolidated statements of operations Three months ended May 31, Six months ended May 31, Location on consolidated statements of operations 2017 2016 2017 2016 Foreign currency forwards $ (9.7 ) $ 8.8 $ (6.1 ) $ 3.8 Other expense (income), net The following table provides information about the cumulative amount of unrecognized hedge losses recorded in AOCI, net of tax, as of May 31, 2017 and May 31, 2016 , respectively, as well as the activity on our cash flow hedging instruments for the three and six months ended May 31, 2017 and the three and six months ended May 31, 2016 , respectively (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Beginning balance $ (7.5 ) $ (18.6 ) $ (10.5 ) $ (14.6 ) Amount of gain (loss) recognized in AOCI on derivative: Interest rate swaps (2.3 ) 1.0 (1.1 ) (4.4 ) Foreign currency forwards (0.6 ) — (0.2 ) — Amount of loss (gain) reclassified from AOCI into income: Interest rate swaps (1) 1.5 1.4 3.2 2.9 Foreign currency forwards (1) (0.2 ) (0.1 ) (0.5 ) (0.2 ) Ending balance $ (9.1 ) $ (16.3 ) $ (9.1 ) $ (16.3 ) (1) Pre-tax amounts reclassified from AOCI into income related to interest rate swaps are recorded in interest expense, and pre-tax amounts reclassified from AOCI into income related to foreign currency forwards are recorded in revenue. The unrecognized gains relating to the foreign currency forwards are expected to be reclassified into revenue within the next 12 months, and approximately $5.9 million of the $15.3 million unrecognized pre-tax losses relating to the interest rate swaps are expected to be reclassified into interest expense within the next 12 months.

Restructuring Charges

Restructuring Charges	6 Months Ended
	May 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring Charges [Text Block]	Restructuring Charges During the three and six months ended May 31, 2017 , we made minor revisions to our prior estimates. The following table provides a reconciliation of the restructuring liability, recorded in other accrued expenses, as of May 31, 2017 (in millions): Employee Severance and Other Termination Benefits Contract Termination Costs Other Total Balance at November 30, 2016 $ 1.0 $ 6.0 $ 0.1 $ 7.1 Add: Restructuring costs incurred — — — — Revision to prior estimates (0.4 ) (0.3 ) — (0.7 ) Less: Amount paid (0.6 ) (2.5 ) (0.1 ) (3.2 ) Balance at May 31, 2017 $ — $ 3.2 $ — $ 3.2 As of May 31, 2017 , approximately $1.4 million of the remaining restructuring liability was in the Resources segment, approximately $1.5 million was in the Transportation segment, and approximately $0.3 million was in the CMS segment. Approximately $1.9 million of the balance is expected to be paid within the next 12 months; the remaining amount relates to lease abandonments that will be paid over the remaining lease periods through 2021.

Acquisition-related Costs

Acquisition-related Costs	6 Months Ended
	May 31, 2017
Acquisition Related Costs [Abstract]
Acquisition Related Costs [Text Block]	Acquisition-related Costs During the six months ended May 31, 2017 , we eliminated 176 positions and incurred additional direct and incremental costs associated with acquisition-related activities, including employee severance charges and retention costs, contract termination costs for facility consolidations, and legal and professional fees primarily associated with the Merger. We recorded approximately $62.0 million of acquisition-related costs for these activities. Most of the costs were recorded in the Financial Services segment and the shared services function. The following table provides a reconciliation of the acquisition-related costs accrued liability, recorded in other accrued expenses, as of May 31, 2017 (in millions): Employee Severance and Other Termination Benefits Contract Termination Costs Other Total Balance at November 30, 2016 $ 24.7 $ 8.6 $ 16.7 $ 50.0 Add: Costs incurred 32.4 16.0 13.7 62.1 Revision to prior estimates (0.2 ) 0.2 (0.1 ) (0.1 ) Less: Amount paid (35.6 ) (10.1 ) (16.4 ) (62.1 ) Balance at May 31, 2017 $ 21.3 $ 14.7 $ 13.9 $ 49.9 As of May 31, 2017 , the $49.9 million remaining liability was primarily in the Financial Services segment and in shared services. We expect that the remaining liability will be substantially paid within the next 12 months.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	May 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation [Text Block]	Stock-based Compensation Stock-based compensation expense for the three and six months ended May 31, 2017 and May 31, 2016 was as follows (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Cost of revenue $ 21.8 $ 1.4 $ 37.7 $ 2.7 Selling, general and administrative 42.8 30.7 102.1 59.5 Total stock-based compensation expense $ 64.6 $ 32.1 $ 139.8 $ 62.2 No stock-based compensation cost was capitalized during the three and six months ended May 31, 2017 and May 31, 2016 . As of May 31, 2017 , there was $296.9 million of unrecognized stock-based compensation cost, adjusted for estimated forfeitures, related to unvested stock-based awards that will be recognized over a weighted-average period of approximately 1.8 years. Total unrecognized stock-based compensation cost will be adjusted for future changes in estimated forfeitures. Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs). The following table summarizes RSU/RSA activity, including awards with performance and market conditions, during the six months ended May 31, 2017 : Shares Weighted- (in millions) Balance at November 30, 2016 11.7 $ 31.67 Granted 4.3 $ 39.52 Vested (4.9 ) $ 32.45 Forfeited (0.1 ) $ 33.07 Balance at May 31, 2017 11.0 $ 34.38 The total fair value of RSUs and RSAs that vested during the six months ended May 31, 2017 was $187.8 million . Stock Options. The following table summarizes stock option award activity during the six months ended May 31, 2017 , as well as stock options that are vested and expected to vest and stock options exercisable as of May 31, 2017 : Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (in millions) (in years) (in millions) Balance at November 30, 2016 39.7 Granted Exercised (7.9 ) $ 23.80 Forfeited (0.1 ) $ 25.82 Balance at May 31, 2017 31.7 $ 25.16 2.7 656.4 Vested and expected to vest at May 31, 2017 31.1 $ 25.13 2.7 644.5 Exercisable at May 31, 2017 11.9 $ 22.42 1.6 278.1 The aggregate intrinsic value amounts in the table above represent the difference between the closing price of our common shares on May 31, 2017 and the exercise price, multiplied by the number of in-the-money stock options as of that date. This represents the value that would have been received by stock option holders if they had all exercised their stock options on May 31, 2017 . In future periods, this amount will change depending on fluctuations in our share price. The total intrinsic value of stock options exercised during the six months ended May 31, 2017 was approximately $132.4 million .

Income Taxes

Income Taxes	6 Months Ended
	May 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes [Text Block]	Income Taxes Our effective tax rate is estimated based upon the effective tax rate expected to be applicable for the full year. Our effective tax rate for the three and six months ended May 31, 2017 was negative 1.0 percent and negative 2.8 percent , respectively, compared to 23.0 percent and 21.6 percent for the three and six months ended May 31, 2016 , respectively. The decrease in the 2017 rates for continuing operations is primarily due to the early adoption of ASU No. 2016-09 and tax benefits associated with our capital structure.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	May 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies [Text Block]	Commitments and Contingencies From time to time, we are involved in litigation in the ordinary course of our business, including claims or contingencies that may arise related to matters occurring prior to our acquisition of businesses, such as the matter described below. At the present time, primarily because the matters are generally in early stages, we can give no assurance as to the outcome of any pending litigation to which we are currently a party and we are unable to determine the ultimate resolution of or provide a reasonable estimate of the range of possible loss attributable to these matters or the effect they may have on us. However, we do not expect the outcome of such proceedings to have a material adverse effect on our results of operations or financial condition. We have and will continue to vigorously defend ourselves against these claims. On April 23, 2013 (prior to our acquisition of R.L. Polk & Co.), our CARFAX subsidiary (CARFAX) was served with a complaint filed in the U.S. District Court for the Southern District of New York, purportedly on behalf of certain auto and light truck dealers. The complaint alleges, among other things, that, in violation of antitrust laws, CARFAX entered into exclusive arrangements regarding the sale of CARFAX vehicle history reports with certain auto manufacturers and owners of two websites providing classified listings of used autos and light trucks. The complaint seeks three times the actual damages that a jury finds the plaintiffs have sustained, injunctive relief, costs and attorneys’ fees. On October 25, 2013, the plaintiffs served a second amended complaint with similar allegations purporting to name approximately 469 auto dealers as plaintiffs, and counsel for plaintiffs indicated that there may be additional claimants. On September 30, 2016, the District Court granted CARFAX’s motion for summary judgment, dismissing all claims in the complaint. The plaintiffs have appealed the decision. On January 13, 2017, another group of auto and light truck dealers filed a complaint in the U.S. District Court for the Southern District of New York on substantially the same claims as described above. The complaint seeks three times the actual damages that a jury finds the plaintiffs have sustained, injunctive relief, costs, and attorneys’ fees. The court has stayed the case pending the outcome of the appeal of the first case described above. In October 2015, the Division of Enforcement of the SEC opened a non-public civil investigation related to certain of our current and former securitized product indices, and requested that we provide certain documents and information. We responded to these inquiries in late 2015 and early 2016, and, to the extent the SEC has further inquiries, will continue to cooperate in this matter.

Common Stock and Earnings per S

Common Stock and Earnings per Share	6 Months Ended
	May 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Common Shares and Earnings per Share Weighted-average shares outstanding for the three and six months ended May 31, 2017 and May 31, 2016 were calculated as follows (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Weighted-average shares outstanding: Shares used in basic EPS calculation 399.7 240.3 403.0 240.1 Effect of dilutive securities: RSUs/RSAs 4.1 0.8 4.9 1.7 Stock options 11.8 — 11.0 — Shares used in diluted EPS calculation 415.6 241.1 418.9 241.8 Share Repurchase Programs In August 2016, our Board of Directors authorized a share repurchase program of up to $1.5 billion of IHS Markit common shares from September 29, 2016 through November 30, 2017, to be funded using our existing cash, cash equivalents, marketable securities and future cash flows, or through the incurrence of short- or long-term indebtedness, at management’s discretion. In January 2017, our Board of Directors increased the size of the program to up to $2.25 billion of IHS Markit common shares and extended the program’s termination date to May 31, 2018. This current repurchase program does not obligate us to repurchase any set dollar amount or number of shares and may be modified, suspended, or terminated at any time without prior notice. Under this program, we are authorized to repurchase our common shares on the open market from time to time, in privately negotiated transactions, or through accelerated share repurchase (ASR) agreements, subject to availability of common shares, price, market conditions, alternative uses of capital, and applicable regulatory requirements, at management’s discretion. As of May 31, 2017 , we had $991.5 million remaining available to repurchase under the program. In August 2016, our Board of Directors separately and additionally authorized, subject to applicable regulatory requirements, the repurchase of our common shares surrendered by employees in an amount equal to the exercise price, if applicable, and statutory tax liability associated with the vesting of their equity awards, for which we pay the statutory tax on behalf of the employee and forgo receipt of the exercise price of the award from the employee, if applicable. In December 2016, we funded a $250 million ASR agreement with a scheduled termination date in the first quarter of 2017. Upon funding of the ASR, we received an initial delivery of 5.565 million shares. At the completion of the ASR on February 13, 2017, we received an additional 1.240 million shares. In March 2017, we funded a $200 million ASR agreement with a scheduled termination date in the second quarter of 2017. Upon funding of the ASR, we received an initial delivery of 4.020 million shares. At the completion of the ASR on April 24, 2017, we received an additional 0.839 million shares. During the six months ended May 31, 2017, we have also repurchased approximately $556 million , or 13.888 million shares, on the open market and in privately negotiated transactions. Employee Benefit Trust (EBT) Shares We have approximately 25.2 million outstanding common shares that are held by the Markit Group Holdings Limited Employee Benefit Trust. The trust is under our control using the variable interest entity model criteria; consequently, we have consolidated and classified the trust shares as treasury shares within our consolidated balance sheets.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	May 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss) [Text Block]	Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in AOCI by component (net of tax) for the six months ended May 31, 2017 (in millions): Foreign currency translation Net pension and OPEB liability Unrealized losses on hedging activities Total Balance at November 30, 2016 $ (413.9 ) $ (14.4 ) $ (10.5 ) $ (438.8 ) Other comprehensive income (loss) before reclassifications 127.6 — (1.3 ) 126.3 Reclassifications from AOCI to income — — 2.7 2.7 Balance at May 31, 2017 $ (286.3 ) $ (14.4 ) $ (9.1 ) $ (309.8 )

Segment Information

Segment Information	6 Months Ended
	May 31, 2017
Segment Reporting [Abstract]
Segment Information [Text Block]	Segment Information We prepare our financial reports and analyze our business results within our four operating segments: Resources, Transportation, CMS, and Financial Services. We evaluate revenue performance at the segment level and also by transaction type. No single customer accounted for 10 percent or more of our total revenue for the three and six months ended May 31, 2017 and May 31, 2016 . There are no material inter-segment revenues for any period presented. Our shared services function includes corporate transactions that are not allocated to the reportable segments, including net periodic pension and postretirement expense, as well as certain corporate functions such as investor relations, procurement, corporate development, and portions of finance, legal, and marketing. We evaluate segment operating performance at the Adjusted EBITDA level for each of the four segments. We define Adjusted EBITDA as net income before net interest, provision for income taxes, depreciation and amortization, stock-based compensation cost, restructuring charges, acquisition-related costs, exceptional litigation, net other gains and losses, pension mark-to-market and settlement expense, the impact of joint ventures and noncontrolling interests, and discontinued operations. Information about the operations of our four segments is set forth below (in millions). Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Revenue Resources $ 223.8 $ 221.1 $ 420.7 $ 437.0 Transportation 242.3 230.9 467.2 430.6 CMS 130.6 135.9 257.1 268.8 Financial Services 309.4 — 605.3 — Total revenue $ 906.1 $ 587.9 $ 1,750.3 $ 1,136.4 Adjusted EBITDA Resources $ 99.7 $ 93.5 $ 179.7 $ 180.9 Transportation 98.2 90.6 188.0 164.0 CMS 31.7 30.8 60.3 58.3 Financial Services 138.8 — 268.0 — Shared services (15.5 ) (14.4 ) (22.9 ) (22.9 ) Total Adjusted EBITDA $ 352.9 $ 200.5 $ 673.1 $ 380.3 Reconciliation to the consolidated statements of operations: Interest income 0.6 0.4 1.1 0.7 Interest expense (37.7 ) (27.2 ) (69.5 ) (55.4 ) Benefit (provision) for income taxes 1.0 (13.4 ) 4.6 (23.8 ) Depreciation (39.1 ) (24.5 ) (75.2 ) (48.0 ) Amortization related to acquired intangible assets (83.7 ) (39.8 ) (168.4 ) (76.8 ) Stock-based compensation expense (64.6 ) (32.1 ) (139.8 ) (62.2 ) Restructuring charges 0.5 (7.6 ) 0.7 (13.3 ) Acquisition-related costs (30.4 ) (11.5 ) (62.0 ) (15.3 ) Share of joint venture results not attributable to Adjusted EBITDA 0.4 — 0.8 — Adjusted EBITDA attributable to noncontrolling interest (0.6 ) — (0.1 ) — Income from discontinued operations, net — 5.2 — 9.0 Net income attributable to IHS Markit Ltd. $ 99.3 $ 50.0 $ 165.3 $ 95.2 Revenue by transaction type was as follows (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Recurring fixed revenue $ 630.6 $ 462.0 $ 1,247.7 $ 905.2 Recurring variable revenue 116.0 — 222.4 — Non-recurring revenue 159.5 125.9 280.2 231.2 Total revenue $ 906.1 $ 587.9 $ 1,750.3 $ 1,136.4

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	May 31, 2017
Basis of Presentation and Significant Accounting Policies [Abstract]
Segment Reporting, Policy [Policy Text Block]	We evaluate segment operating performance at the Adjusted EBITDA level for each of the four segments. We define Adjusted EBITDA as net income before net interest, provision for income taxes, depreciation and amortization, stock-based compensation cost, restructuring charges, acquisition-related costs, exceptional litigation, net other gains and losses, pension mark-to-market and settlement expense, the impact of joint ventures and noncontrolling interests, and discontinued operations. Information about the operations of our four segments is set forth below (in millions).
Derivatives, Policy [Policy Text Block]	Since our derivative instruments are not listed on an exchange, we have evaluated fair value by reference to similar transactions in active markets; consequently, we have classified all of our derivative instruments within Level 2 of the fair value measurement hierarchy.
Debt, Policy [Policy Text Block]	We have classified short-term debt based on scheduled term loan amortization payments and expected cash availability over the next 12 months.
Recent Accounting Pronouncements [Text Block]	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, which establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The ASU allows for the use of either the full or modified retrospective transition method. In March, April, and May 2016, the FASB issued ASU 2016-08, ASU 2016-10, and ASU 2016-12, respectively, which provide further revenue recognition guidance related to principal versus agent considerations, performance obligations and licensing, and narrow-scope improvements and practical expedients. All of these standards will be effective for us in the first quarter of our fiscal year 2019, although early adoption is permitted. We are currently evaluating the impact of these new standards on our consolidated financial statements, as well as which transition method we intend to use. In August 2014, the FASB issued ASU 2014-15, which requires that management evaluate the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Disclosure is required if there is substantial doubt about the entity’s ability to continue as a going concern. The standard will be effective for us in the fourth quarter of our fiscal year 2017, although early adoption is permitted. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, which requires that lease assets and lease liabilities be recognized on the balance sheet, and that key information about leasing arrangements be disclosed. The ASU requires the use of a modified retrospective transition method. The standard will be effective for us in the first quarter of our fiscal year 2020, although early adoption is permitted. We are currently evaluating the impact of this new standard on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, which changes several aspects of the accounting for stock-based compensation, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. We early adopted this standard in the first quarter of our fiscal year 2017. As a result of the adoption, we now recognize excess tax benefits or deficiencies associated with stock-based compensation award activity in income tax expense in the consolidated statements of operations. For the three and six months ended May 31, 2017, the excess tax benefit associated with stock-based compensation award activity reduced income tax expense by approximately $9.2 million and $23.2 million , respectively. In addition, we now report excess tax benefits associated with award activity as cash flows from operating activities along with all other income tax cash flows, and we have elected to apply this classification change on a prospective basis. The standard also permitted us to make a policy election about how we account for forfeitures, and we have elected to continue to estimate forfeitures. In August 2016, the FASB issued ASU 2016-15, which clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU should be applied using a retrospective transition method to each period presented. The standard will be effective for us in the first quarter of our fiscal year 2019, although early adoption is permitted. We are currently evaluating the impact of this new standard on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, which provides additional guidance about what qualifies as a business combination versus an asset acquisition. The standard will be effective for us in the first quarter of our fiscal year 2019. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, which removes Step 2 from the goodwill impairment test. The standard will be effective for us in the first quarter of our fiscal year 2021. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, which requires that the service cost component of pension expense be included in the same line item as other compensation costs arising from services rendered by employees, with the other components of pension expense being classified outside of a subtotal of income from operations. The standard will be effective for us in fiscal year 2019. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, which provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The standard will be effective for us in fiscal year 2019. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements.

Business Combinations Purchase

Business Combinations Purchase price allocation (Tables)	6 Months Ended
	May 31, 2017
Business Acquisition [Line Items]
Business Combination Disclosure [Text Block]	Business Combinations As described in Note 1 above, we completed the Merger on July 12, 2016. The purchase price allocation for this business combination is still preliminary and may change upon completion of the determination of fair value. The following table summarizes the current purchase price allocation, net of acquired cash, for the Merger (in millions): Assets: Current assets $ 305.6 Property and equipment 61.2 Intangible assets 3,288.8 Goodwill 4,281.0 Other long-term assets 10.5 Total assets 7,947.1 Liabilities: Current liabilities 250.8 Deferred revenue 230.8 Deferred taxes 693.7 Long-term debt 546.5 Other long-term liabilities 17.9 Noncontrolling interest 57.1 Total liabilities and noncontrolling interest 1,796.8 Purchase price, net of cash acquired $ 6,150.3

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	May 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The following table presents details of our intangible assets, other than goodwill, as of May 31, 2017 and November 30, 2016 (in millions): As of May 31, 2017 As of November 30, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Intangible assets subject to amortization: Information databases $ 756.9 $ (310.3 ) $ 446.6 $ 768.0 $ (283.9 ) $ 484.1 Customer relationships 2,941.4 (285.8 ) 2,655.6 2,910.6 (217.4 ) 2,693.2 Developed technology 767.5 (46.1 ) 721.4 755.4 (20.1 ) 735.3 Developed computer software 84.8 (49.4 ) 35.4 84.9 (44.9 ) 40.0 Trademarks 458.2 (84.7 ) 373.5 400.9 (59.8 ) 341.1 Other 12.5 (8.7 ) 3.8 12.4 (7.5 ) 4.9 Total $ 5,021.3 $ (785.0 ) $ 4,236.3 $ 4,932.2 $ (633.6 ) $ 4,298.6 Intangible assets not subject to amortization: Trademarks — — — 53.2 — 53.2 Total intangible assets $ 5,021.3 $ (785.0 ) $ 4,236.3 $ 4,985.4 $ (633.6 ) $ 4,351.8
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The following table presents the estimated future amortization expense related to intangible assets held as of May 31, 2017 (in millions): Year Amount Remainder of 2017 $ 164.6 2018 $ 319.7 2019 $ 305.7 2020 $ 296.2 2021 $ 290.0 Thereafter $ 2,860.1

Debt (Tables)

Debt (Tables)	6 Months Ended
	May 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	The following table summarizes total indebtedness as of May 31, 2017 and November 30, 2016 (in millions): May 31, 2017 November 30, 2016 2016 revolving facility $ 962.0 $ 1,282.0 2016 term loan: Tranche A-1 631.4 647.8 Tranche A-2 529.4 543.1 2017 term loan 500.0 — 5.00% senior notes due 2022 750.0 750.0 4.75% senior notes due 2025 500.0 — Institutional senior notes: Series A 95.9 95.9 Series B 53.7 53.8 Share repurchase liability — 43.4 Debt issuance costs (43.1 ) (38.3 ) Capital leases 5.1 6.2 Total debt $ 3,984.4 $ 3,383.9 Current portion (561.2 ) (104.6 ) Total long-term debt $ 3,423.2 $ 3,279.3

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	May 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	The following table summarizes the notional amounts of these outstanding foreign currency forward contracts as of May 31, 2017 and November 30, 2016 (in millions): May 31, 2017 November 30, 2016 Notional amount of currency pair: Contracts to buy USD with CAD $ 34.9 $ 37.2 Contracts to buy CAD with USD C$ 3.4 C$ 6.7 Contracts to buy USD with EUR $ 12.0 $ 8.8 Contracts to buy EUR with USD € 12.0 € 13.0 Contracts to buy CHF with USD CHF 8.0 CHF 9.0 Contracts to buy EUR with GBP € 9.0 € 8.0 Contracts to buy GBP with USD £ 177.7 £ 195.7 Contracts to buy NOK with GBP NOK 50.0 NOK 57.0
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following table shows the classification, location, and fair value of our derivative instruments as of May 31, 2017 and November 30, 2016 (in millions): Fair Value of Derivative Instruments Location on consolidated balance sheets May 31, 2017 November 30, 2016 Assets: Derivatives designated as accounting hedges: Foreign currency forwards $ 0.2 $ 1.4 Other current assets Derivatives not designated as accounting hedges: Foreign currency forwards 2.3 3.8 Other current assets Total $ 2.5 $ 5.2 Liabilities: Derivatives designated as accounting hedges: Interest rate swaps $ 15.3 $ 18.0 Other liabilities Foreign currency forwards — 0.1 Other accrued expenses Derivatives not designated as accounting hedges: Foreign currency forwards 1.0 0.6 Other accrued expenses Total $ 16.3 $ 18.7
Derivative Instruments, Gain (Loss) [Table Text Block]	The net (gain) loss on foreign currency forwards that are not designated as hedging instruments for the three and six months ended May 31, 2017 and the three and six months ended May 31, 2016 , respectively, was as follows (in millions): Amount of (gain) loss recognized in the consolidated statements of operations Three months ended May 31, Six months ended May 31, Location on consolidated statements of operations 2017 2016 2017 2016 Foreign currency forwards $ (9.7 ) $ 8.8 $ (6.1 ) $ 3.8 Other expense (income), net
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table provides information about the cumulative amount of unrecognized hedge losses recorded in AOCI, net of tax, as of May 31, 2017 and May 31, 2016 , respectively, as well as the activity on our cash flow hedging instruments for the three and six months ended May 31, 2017 and the three and six months ended May 31, 2016 , respectively (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Beginning balance $ (7.5 ) $ (18.6 ) $ (10.5 ) $ (14.6 ) Amount of gain (loss) recognized in AOCI on derivative: Interest rate swaps (2.3 ) 1.0 (1.1 ) (4.4 ) Foreign currency forwards (0.6 ) — (0.2 ) — Amount of loss (gain) reclassified from AOCI into income: Interest rate swaps (1) 1.5 1.4 3.2 2.9 Foreign currency forwards (1) (0.2 ) (0.1 ) (0.5 ) (0.2 ) Ending balance $ (9.1 ) $ (16.3 ) $ (9.1 ) $ (16.3 ) (1) Pre-tax amounts reclassified from AOCI into income related to interest rate swaps are recorded in interest expense, and pre-tax amounts reclassified from AOCI into income related to foreign currency forwards are recorded in revenue.

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	May 31, 2017
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs [Table Text Block]	The following table provides a reconciliation of the restructuring liability, recorded in other accrued expenses, as of May 31, 2017 (in millions): Employee Severance and Other Termination Benefits Contract Termination Costs Other Total Balance at November 30, 2016 $ 1.0 $ 6.0 $ 0.1 $ 7.1 Add: Restructuring costs incurred — — — — Revision to prior estimates (0.4 ) (0.3 ) — (0.7 ) Less: Amount paid (0.6 ) (2.5 ) (0.1 ) (3.2 ) Balance at May 31, 2017 $ — $ 3.2 $ — $ 3.2

Acquisition-related Costs (Tabl

Acquisition-related Costs (Tables)	6 Months Ended
	May 31, 2017
Acquisition Related Costs [Abstract]
Acquisition Related Cost Reserve Rollforward [Table Text Block]	The following table provides a reconciliation of the acquisition-related costs accrued liability, recorded in other accrued expenses, as of May 31, 2017 (in millions): Employee Severance and Other Termination Benefits Contract Termination Costs Other Total Balance at November 30, 2016 $ 24.7 $ 8.6 $ 16.7 $ 50.0 Add: Costs incurred 32.4 16.0 13.7 62.1 Revision to prior estimates (0.2 ) 0.2 (0.1 ) (0.1 ) Less: Amount paid (35.6 ) (10.1 ) (16.4 ) (62.1 ) Balance at May 31, 2017 $ 21.3 $ 14.7 $ 13.9 $ 49.9

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	May 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense for the three and six months ended May 31, 2017 and May 31, 2016 was as follows (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Cost of revenue $ 21.8 $ 1.4 $ 37.7 $ 2.7 Selling, general and administrative 42.8 30.7 102.1 59.5 Total stock-based compensation expense $ 64.6 $ 32.1 $ 139.8 $ 62.2
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	The following table summarizes RSU/RSA activity, including awards with performance and market conditions, during the six months ended May 31, 2017 : Shares Weighted- (in millions) Balance at November 30, 2016 11.7 $ 31.67 Granted 4.3 $ 39.52 Vested (4.9 ) $ 32.45 Forfeited (0.1 ) $ 33.07 Balance at May 31, 2017 11.0 $ 34.38
Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes stock option award activity during the six months ended May 31, 2017 , as well as stock options that are vested and expected to vest and stock options exercisable as of May 31, 2017 : Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (in millions) (in years) (in millions) Balance at November 30, 2016 39.7 Granted Exercised (7.9 ) $ 23.80 Forfeited (0.1 ) $ 25.82 Balance at May 31, 2017 31.7 $ 25.16 2.7 656.4 Vested and expected to vest at May 31, 2017 31.1 $ 25.13 2.7 644.5 Exercisable at May 31, 2017 11.9 $ 22.42 1.6 278.1

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	May 31, 2017
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	Weighted-average shares outstanding for the three and six months ended May 31, 2017 and May 31, 2016 were calculated as follows (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Weighted-average shares outstanding: Shares used in basic EPS calculation 399.7 240.3 403.0 240.1 Effect of dilutive securities: RSUs/RSAs 4.1 0.8 4.9 1.7 Stock options 11.8 — 11.0 — Shares used in diluted EPS calculation 415.6 241.1 418.9 241.8

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	May 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table summarizes the changes in AOCI by component (net of tax) for the six months ended May 31, 2017 (in millions): Foreign currency translation Net pension and OPEB liability Unrealized losses on hedging activities Total Balance at November 30, 2016 $ (413.9 ) $ (14.4 ) $ (10.5 ) $ (438.8 ) Other comprehensive income (loss) before reclassifications 127.6 — (1.3 ) 126.3 Reclassifications from AOCI to income — — 2.7 2.7 Balance at May 31, 2017 $ (286.3 ) $ (14.4 ) $ (9.1 ) $ (309.8 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	May 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	No single customer accounted for 10 percent or more of our total revenue for the three and six months ended May 31, 2017 and May 31, 2016 . There are no material inter-segment revenues for any period presented. Our shared services function includes corporate transactions that are not allocated to the reportable segments, including net periodic pension and postretirement expense, as well as certain corporate functions such as investor relations, procurement, corporate development, and portions of finance, legal, and marketing. We evaluate segment operating performance at the Adjusted EBITDA level for each of the four segments. We define Adjusted EBITDA as net income before net interest, provision for income taxes, depreciation and amortization, stock-based compensation cost, restructuring charges, acquisition-related costs, exceptional litigation, net other gains and losses, pension mark-to-market and settlement expense, the impact of joint ventures and noncontrolling interests, and discontinued operations. Information about the operations of our four segments is set forth below (in millions). Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Revenue Resources $ 223.8 $ 221.1 $ 420.7 $ 437.0 Transportation 242.3 230.9 467.2 430.6 CMS 130.6 135.9 257.1 268.8 Financial Services 309.4 — 605.3 — Total revenue $ 906.1 $ 587.9 $ 1,750.3 $ 1,136.4 Adjusted EBITDA Resources $ 99.7 $ 93.5 $ 179.7 $ 180.9 Transportation 98.2 90.6 188.0 164.0 CMS 31.7 30.8 60.3 58.3 Financial Services 138.8 — 268.0 — Shared services (15.5 ) (14.4 ) (22.9 ) (22.9 ) Total Adjusted EBITDA $ 352.9 $ 200.5 $ 673.1 $ 380.3 Reconciliation to the consolidated statements of operations: Interest income 0.6 0.4 1.1 0.7 Interest expense (37.7 ) (27.2 ) (69.5 ) (55.4 ) Benefit (provision) for income taxes 1.0 (13.4 ) 4.6 (23.8 ) Depreciation (39.1 ) (24.5 ) (75.2 ) (48.0 ) Amortization related to acquired intangible assets (83.7 ) (39.8 ) (168.4 ) (76.8 ) Stock-based compensation expense (64.6 ) (32.1 ) (139.8 ) (62.2 ) Restructuring charges 0.5 (7.6 ) 0.7 (13.3 ) Acquisition-related costs (30.4 ) (11.5 ) (62.0 ) (15.3 ) Share of joint venture results not attributable to Adjusted EBITDA 0.4 — 0.8 — Adjusted EBITDA attributable to noncontrolling interest (0.6 ) — (0.1 ) — Income from discontinued operations, net — 5.2 — 9.0 Net income attributable to IHS Markit Ltd. $ 99.3 $ 50.0 $ 165.3 $ 95.2
Revenue from External Customers by Products and Services [Table Text Block]	Revenue by transaction type was as follows (in millions): Three months ended May 31, Six months ended May 31, 2017 2016 2017 2016 Recurring fixed revenue $ 630.6 $ 462.0 $ 1,247.7 $ 905.2 Recurring variable revenue 116.0 — 222.4 — Non-recurring revenue 159.5 125.9 280.2 231.2 Total revenue $ 906.1 $ 587.9 $ 1,750.3 $ 1,136.4

Basis of Presentation and Sig33

Basis of Presentation and Significant Accounting Policies Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	May 31, 2017	May 31, 2017
New Accounting Pronouncement, Early Adoption, Effect [Member]
Item Effected [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 9.2	$ 23.2

Business Combinations (Details)

Business Combinations (Details) - Markit acquisition [Member] - USD ($) $ in Millions	Jul. 12, 2016	May 31, 2017
Business Acquisition [Line Items]
Purchase price, net of cash acquired	$ 6,150.3
Current assets		$ 305.6
Property and equipment		61.2
Intangible assets		3,288.8
Goodwill		4,281
Other long-term assets		10.5
Total assets		7,947.1
Current liabilities		250.8
Deferred revenue		230.8
Deferred taxes		693.7
Long-term debt		546.5
Other long-term liabilities		17.9
Noncontrolling interest		57.1
Total liabilities and noncontrolling interest		$ 1,796.8

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016	Nov. 30, 2016
Acquired Intangible Assets [Line Items]
Amortization expense	$ 83.7	$ 39.8	$ 168.4	$ 76.8
Finite-Lived Intangible Assets, Gross	5,021.3		5,021.3		$ 4,932.2
Finite-Lived Intangible Assets, Accumulated Amortization	(785)		(785)		(633.6)
Finite-Lived Intangible Assets, Net	4,236.3		4,236.3		4,298.6
Intangible assets, gross	5,021.3		5,021.3		4,985.4
Intangible assets, net	4,236.3		4,236.3		4,351.8
Information databases [Member]
Acquired Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	756.9		756.9		768
Finite-Lived Intangible Assets, Accumulated Amortization	(310.3)		(310.3)		(283.9)
Finite-Lived Intangible Assets, Net	446.6		446.6		484.1
Customer relationships [Member]
Acquired Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,941.4		2,941.4		2,910.6
Finite-Lived Intangible Assets, Accumulated Amortization	(285.8)		(285.8)		(217.4)
Finite-Lived Intangible Assets, Net	2,655.6		2,655.6		2,693.2
Developed technology [Member]
Acquired Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	767.5		767.5		755.4
Finite-Lived Intangible Assets, Accumulated Amortization	(46.1)		(46.1)		(20.1)
Finite-Lived Intangible Assets, Net	721.4		721.4		735.3
Developed computer software [Member]
Acquired Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	84.8		84.8		84.9
Finite-Lived Intangible Assets, Accumulated Amortization	(49.4)		(49.4)		(44.9)
Finite-Lived Intangible Assets, Net	35.4		35.4		40
Trademarks [Member]
Acquired Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	458.2		458.2		400.9
Finite-Lived Intangible Assets, Accumulated Amortization	(84.7)		(84.7)		(59.8)
Finite-Lived Intangible Assets, Net	373.5		373.5		341.1
Indefinite-Lived Intangible Assets (Excluding Goodwill)	0		0		53.2
Other [Member]
Acquired Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	12.5		12.5		12.4
Finite-Lived Intangible Assets, Accumulated Amortization	(8.7)		(8.7)		(7.5)
Finite-Lived Intangible Assets, Net	$ 3.8		$ 3.8		$ 4.9

Intangible Assets Schedule of F

Intangible Assets Schedule of Future Amortization (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 83.7	$ 39.8	$ 168.4	$ 76.8
Remainder of 2017	164.6		164.6
2,018	319.7		319.7
2,019	305.7		305.7
2,020	296.2		296.2
2,021	290		290
Thereafter	$ 2,860.1		$ 2,860.1

Debt (Details)

Debt (Details) - USD ($) $ in Millions	6 Months Ended
	May 31, 2017	Jan. 26, 2017	Nov. 30, 2016	Jul. 01, 2016
Line of Credit Facility [Line Items]
Short-term debt	$ 561.2		$ 104.6
Debt issuance costs	(43.1)		(38.3)
Capital leases	5.1		6.2
Total debt	3,984.4		3,383.9
Long-term debt	$ 3,423.2		3,279.3
2016 revolving facility, interest rate at period end	2.52%
Letters of credit outstanding under 2016 revolving facility	$ 1.5
Weighted average interest rate	2.98%
2016 term loan [Member]
Line of Credit Facility [Line Items]
Long-term Debt	$ 1,661			$ 1,206
2016 term loan tranche A-1 [Member]
Line of Credit Facility [Line Items]
Long-term Debt	631.4		647.8
2016 term loan tranche A-2 [Member]
Line of Credit Facility [Line Items]
Long-term Debt	529.4		543.1
2017 term loan [Member]
Line of Credit Facility [Line Items]
Long-term Debt	500	$ 500	0
5.00% Senior Notes due 2022 [Member]
Line of Credit Facility [Line Items]
Senior notes	750		750
Senior notes, fair value	$ 805.4
Fixed interest rate	5.00%
4.75% Senior Notes Due 2025 [Member]
Line of Credit Facility [Line Items]
Senior notes	$ 500		0
Senior notes, fair value	$ 526.3
Fixed interest rate	4.75%
Institutional senior notes [Member]
Line of Credit Facility [Line Items]
Senior notes	$ 500
Senior notes, fair value	146.6
Institutional senior notes, Series A [Member]
Line of Credit Facility [Line Items]
Senior notes	$ 95.9		95.9
Fixed interest rate	3.73%
Institutional senior notes, Series B [Member]
Line of Credit Facility [Line Items]
Senior notes	$ 53.7		53.8
Fixed interest rate	4.05%
Share repurchase liability [Member]
Line of Credit Facility [Line Items]
Short-term debt	$ 0		43.4
2016 revolving credit facility [Member]
Line of Credit Facility [Line Items]
2016 revolving facility, amount outstanding	962		$ 1,282
2016 revolving facility, maximum borrowing capacity	$ 1,850
2016 revolving credit facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
2016 revolving facility, interest rate description	LIBOR plus a spread of 1.00 percent
2016 revolving facility, unused capacity, commitment fee percentage	0.13%
2016 revolving credit facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
2016 revolving facility, interest rate description	LIBOR plus a spread of 1.75 percent
2016 revolving facility, unused capacity, commitment fee percentage	0.30%
Letter of Credit [Member]
Line of Credit Facility [Line Items]
2016 revolving facility, maximum borrowing capacity	$ 500

Derivatives (Details)

Derivatives (Details) € in Millions, £ in Millions, SFr in Millions, NOK in Millions, CAD in Millions, $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017USD ($)	May 31, 2016USD ($)	May 31, 2017USD ($)	May 31, 2016USD ($)	May 31, 2017GBP (£)	May 31, 2017USD ($)	May 31, 2017EUR (€)	May 31, 2017CHF (SFr)	May 31, 2017CAD	May 31, 2017NOK	Feb. 28, 2017USD ($)	Nov. 30, 2016GBP (£)	Nov. 30, 2016USD ($)	Nov. 30, 2016EUR (€)	Nov. 30, 2016CHF (SFr)	Nov. 30, 2016CAD	Nov. 30, 2016NOK	Feb. 29, 2016USD ($)	Nov. 30, 2015USD ($)
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value						$ 0.2							$ 1.4
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value						2.3							3.8
Derivative Asset, Fair Value, Gross Asset						2.5							5.2
Interest Rate Cash Flow Hedge Liability at Fair Value						15.3							18
Foreign Currency Cash Flow Hedge Liability at Fair Value						0							0.1
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value						1							0.6
Derivative Liability, Fair Value, Gross Liability						16.3							18.7
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (9.7)	$ 8.8	$ (6.1)	$ 3.8
Accumulated other comprehensive loss						(309.8)							(438.8)
Unrealized loss on hedging activities	(1.6)	2.3	1.4	(1.7)
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount						$ 400
Derivative, Average Fixed Interest Rate					2.86%	2.86%	2.86%	2.86%	2.86%	2.86%
Unrealized loss on hedging activities	(2.3)	1	(1.1)	(4.4)
Loss reclassified from AOCI into income	1.5	1.4	3.2	2.9
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			5.9
Foreign currency forward cash flow hedge [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount						$ 9.9							40.8
Unrealized loss on hedging activities	(0.6)	0	(0.2)	0
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	$ (0.2)	(0.1)	(0.5)	(0.2)
Foreign currency forward contract to buy USD with CAD [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount						34.9							37.2
Foreign currency forward contract to buy CAD with USD [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | CAD									CAD 3.4							CAD 6.7
Foreign currency forward contract to buy USD with EUR [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount						12							8.8
Foreign currency forward contract to buy EUR with USD [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €							€ 12							€ 13
Foreign currency forward contract to buy CHF with USD [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | SFr								SFr 8							SFr 9
Foreign currency forward contract to buy EUR with GBP [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | €							€ 9							€ 8
Foreign currency forward contract to buy GBP with USD [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | £					£ 177.7							£ 195.7
Foreign currency forward contract to buy NOK with GBP [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount | NOK										NOK 50							NOK 57
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive loss		$ (16.3)		$ (16.3)		$ (9.1)					$ (7.5)		$ (10.5)					$ (18.6)	$ (14.6)
Unrealized loss on hedging activities			(1.3)
Loss reclassified from AOCI into income			$ 2.7

Derivatives Unrecognized hedgin

Derivatives Unrecognized hedging losses in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016	Nov. 30, 2016
Hedging activities in AOCI [Roll Forward]
Beginning balance			$ (438.8)
Unrealized loss on hedging activities	$ (1.6)	$ 2.3	1.4	$ (1.7)
Ending balance	(309.8)		(309.8)
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative, Notional Amount	400		400
Hedging activities in AOCI [Roll Forward]
Unrealized loss on hedging activities	(2.3)	1	(1.1)	(4.4)
Loss reclassified from AOCI into income	1.5	1.4	3.2	2.9
Foreign currency forward cash flow hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative, Notional Amount	9.9		9.9		$ 40.8
Hedging activities in AOCI [Roll Forward]
Unrealized loss on hedging activities	(0.6)	0	(0.2)	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Hedging activities in AOCI [Roll Forward]
Beginning balance	(7.5)	(18.6)	(10.5)	(14.6)
Unrealized loss on hedging activities			(1.3)
Loss reclassified from AOCI into income			2.7
Ending balance	$ (9.1)	$ (16.3)	$ (9.1)	$ (16.3)

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring reserve payable in next 12 months	$ 1.9		$ 1.9
Restructuring charges	(0.5)	$ 7.6	(0.7)	$ 13.3
Restructuring Reserve [Roll Forward]
Balance at November 30, 2016			7.1
Add: Restructuring costs incurred			0
Revision to prior estimates			(0.7)
Less: Amount paid			(3.2)
Balance at May 31, 2017	3.2		3.2
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Balance at November 30, 2016			1
Add: Restructuring costs incurred			0
Revision to prior estimates			(0.4)
Less: Amount paid			(0.6)
Balance at May 31, 2017	0		0
Contract Termination [Member]
Restructuring Reserve [Roll Forward]
Balance at November 30, 2016			6
Add: Restructuring costs incurred			0
Revision to prior estimates			(0.3)
Less: Amount paid			(2.5)
Balance at May 31, 2017	3.2		3.2
Other Restructuring Charges [Member]
Restructuring Reserve [Roll Forward]
Balance at November 30, 2016			0.1
Add: Restructuring costs incurred			0
Revision to prior estimates			0
Less: Amount paid			(0.1)
Balance at May 31, 2017	0		0
Resources Segment [Member]
Restructuring Reserve [Roll Forward]
Balance at May 31, 2017	1.4		1.4
Transportation Segment [Member]
Restructuring Reserve [Roll Forward]
Balance at May 31, 2017	1.5		1.5
CMS Segment [Member]
Restructuring Reserve [Roll Forward]
Balance at May 31, 2017	$ 0.3		$ 0.3

Acquisition-related Costs (Deta

Acquisition-related Costs (Details) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017USD ($)	May 31, 2016USD ($)	May 31, 2017USD ($)positions	May 31, 2016USD ($)
Business Acquisition [Line Items]
Acquisition Related Costs, number of positions eliminated | positions			176
Acquisition-related costs	$ 30.4	$ 11.5	$ 62	$ 15.3
Acquisition-related Costs Reserve [Roll Forward]
Balance at November 30, 2016			50
Add: Costs incurred			62.1
Revision to prior estimates			(0.1)
Less: Amount paid			(62.1)
Balance at May 31, 2017	49.9		49.9
Acquisition Related Employee Severance [Member]
Acquisition-related Costs Reserve [Roll Forward]
Balance at November 30, 2016			24.7
Add: Costs incurred			32.4
Revision to prior estimates			(0.2)
Less: Amount paid			(35.6)
Balance at May 31, 2017	21.3		21.3
Acquisition Related Contract Termination [Member]
Acquisition-related Costs Reserve [Roll Forward]
Balance at November 30, 2016			8.6
Add: Costs incurred			16
Revision to prior estimates			0.2
Less: Amount paid			(10.1)
Balance at May 31, 2017	14.7		14.7
Other Acquisition Related Costs [Member]
Acquisition-related Costs Reserve [Roll Forward]
Balance at November 30, 2016			16.7
Add: Costs incurred			13.7
Revision to prior estimates			(0.1)
Less: Amount paid			(16.4)
Balance at May 31, 2017	$ 13.9		$ 13.9

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 64.6	$ 32.1	$ 139.8	$ 62.2
Capitalized stock-based compensation cost	0	0	0	0
Cost of revenue [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	21.8	1.4	37.7	2.7
Selling general and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 42.8	$ 30.7	$ 102.1	$ 59.5

Stock-based Compensation Nonves

Stock-based Compensation Nonvested stock rollforward (Details) shares in Millions	6 Months Ended
	May 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Balance at November 30, 2016, shares | shares	11.7
Weighted average grant date fair value, November 30, 2016 | $ / shares	$ 31.67
Granted shares | shares	4.3
Weighted average grant date fair value, granted | $ / shares	$ 39.52
Vested shares | shares	(4.9)
Weighted average grant date fair value, vested | $ / shares	$ 32.45
Forfeited shares | shares	(0.1)
Weighted average grant date fair value, forfeited | $ / shares	$ 33.07
Balance at May 31, 2017, shares | shares	11
Weighted average grant date fair value, May 31, 2017 | $ / shares	$ 34.38

Stock-based Compensation Textua

Stock-based Compensation Textuals (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation cost	$ 296.9		$ 296.9
Unrecognized stock-based compensation cost recognition period			1 year 9 months 18 days
Capitalized stock-based compensation cost	$ 0	$ 0	$ 0	$ 0
Fair value of shares that vested during the period			$ 187.8

Stock-based Compensation Stock

Stock-based Compensation Stock option rollforward (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	May 31, 2017	May 31, 2017	Nov. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 132.4
Balance at November 30, 2016, shares	39.7
Weighted average exercise price, November 30, 2016	$ 25.16	$ 25.16
Granted options
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Exercised options	(7.9)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 23.80
Forfeited options	(0.1)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 25.82
Balance at May 31, 2017, shares	31.7
Weighted average exercise price, May 31, 2017	$ 25.16
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		$ 656.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 25.13
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		$ 644.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		11.9
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price		$ 22.42
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	1 year 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value		$ 278.1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		31.1

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	(1.00%)	23.00%	(2.80%)	21.60%

Earnings per Share (Details)

Earnings per Share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Weighted average common shares outstanding:
Shares used in basic EPS calculation	399.7	240.3	403	240.1
Effect of dilutive securities:
RSUs/RSAs	4.1	0.8	4.9	1.7
Stock options	11.8	0	11	0
Shares used in diluted EPS calculation	415.6	241.1	418.9	241.8

Common Stock and Earnings per48

Common Stock and Earnings per Share Share Repurchase Programs (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	Feb. 28, 2017	May 31, 2017	Mar. 01, 2017	Dec. 01, 2016	Nov. 30, 2016
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 991.5		$ 991.5
Treasury Stock, Value, Acquired, Cost Method			$ 1,005.7
Shares held in employee benefit trust, shares	25,200		25,200
Stock repurchase program August 2016 [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 1,500
Stock repurchase program January 2017 [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 2,250		$ 2,250
Accelerated share repurchase December 2016 [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 250
Accelerated share repurchase March 2017 [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 200
Open Market Repurchases [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock, shares			13,888
Treasury Stock, Value, Acquired, Cost Method			$ 556
Initial Delivery [Member] | Accelerated share repurchase December 2016 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock, shares		5,565
Initial Delivery [Member] | Accelerated share repurchase March 2017 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock, shares	4,020
Completion Delivery [Member] | Accelerated share repurchase December 2016 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock, shares		1,240
Completion Delivery [Member] | Accelerated share repurchase March 2017 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock, shares	839

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ (438.8)
Foreign currency translation adjustment	$ 152.5	$ 32.4	127.6	$ 10.3
Unrealized loss on hedging activities	(1.6)	2.3	1.4	(1.7)
Ending balance	(309.8)		(309.8)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(413.9)
Foreign currency translation adjustment			127.6
Reclassifications from AOCI to income, foreign currency translation			0
Ending balance	(286.3)		(286.3)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(14.4)
Other comprehensive income (loss) before reclassifications, net pension and OPEB liability			0
Reclassifications from AOCI to income, net pension and OPEB liability			0
Ending balance	(14.4)		(14.4)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(7.5)	(18.6)	(10.5)	(14.6)
Unrealized loss on hedging activities			(1.3)
Loss reclassified from AOCI into income			2.7
Ending balance	(9.1)	$ (16.3)	(9.1)	$ (16.3)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(438.8)
Other comprehensive income (loss) before reclassifications			126.3
Reclassifications from AOCI to income			2.7
Ending balance	$ (309.8)		$ (309.8)

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Segment Reporting Information [Line Items]
Disclosure of Major Customers	0	0	0	0
Revenue	$ 906,100	$ 587,900	$ 1,750,300	$ 1,136,400
Adjusted EBITDA	352,900	200,500	673,100	380,300
Operating income	136,800	85,000	232,500	164,700
Interest income	600	400	1,100	700
Interest expense	(37,700)	(27,200)	(69,500)	(55,400)
Benefit (provision) for income taxes	1,000	(13,400)	4,600	(23,800)
Depreciation	(39,100)	(24,500)	(75,200)	(48,000)
Amortization expense	(83,700)	(39,800)	(168,400)	(76,800)
Stock-based compensation expense	(64,600)	(32,100)	(139,800)	(62,200)
Restructuring charges	500	(7,600)	700	(13,300)
Acquisition-related costs	(30,400)	(11,500)	(62,000)	(15,300)
Share of joint venture results not attributable to Adjusted EBITDA	400	0	800	0
Adjusted EBITDA attributable to noncontrolling interest	(600)	0	(100)	0
Income from discontinued operations, net	0	5,200	0	9,000
Net income attributable to IHS Markit Ltd.	99,300	50,000	165,300	95,200
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Resources Segment [Member]
Segment Reporting Information [Line Items]
Revenue	223,800	221,100	420,700	437,000
Adjusted EBITDA	99,700	93,500	179,700	180,900
Transportation Segment [Member]
Segment Reporting Information [Line Items]
Revenue	242,300	230,900	467,200	430,600
Adjusted EBITDA	98,200	90,600	188,000	164,000
CMS Segment [Member]
Segment Reporting Information [Line Items]
Revenue	130,600	135,900	257,100	268,800
Adjusted EBITDA	31,700	30,800	60,300	58,300
Financial Services Segment [Member]
Segment Reporting Information [Line Items]
Revenue	309,400	0	605,300	0
Adjusted EBITDA	138,800	0	268,000	0
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ (15,500)	$ (14,400)	$ (22,900)	$ (22,900)

Segment Information Revenue by

Segment Information Revenue by Transaction Type and Product Category (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2017	May 31, 2016
Revenue from External Customer [Line Items]
Revenue	$ 906.1	$ 587.9	$ 1,750.3	$ 1,136.4
Recurring Fixed Revenue [Member]
Revenue from External Customer [Line Items]
Revenue	630.6	462	1,247.7	905.2
Recurring Variable Revenue [Member]
Revenue from External Customer [Line Items]
Revenue	116	0	222.4	0
Non-recurring Revenue [Member]
Revenue from External Customer [Line Items]
Revenue	$ 159.5	$ 125.9	$ 280.2	$ 231.2