McCormick & Company (MKC) 10-Q 26 Mar 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Feb. 28, 2019shares
Document Information [Line Items]
Entity Registrant Name	MCCORMICK & CO INC
Entity Central Index Key	0000063754
Current Fiscal Year End Date	--11-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Feb. 28, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	9,552,296
Nonvoting Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	122,455,345

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Net sales	$ 1,231.5	$ 1,215.4
Cost of goods sold	764.6	755
Gross profit	466.9	460.4
Selling, general and administrative expense	267.9	268.4
Transaction and integration expenses (related to RB Foods acquisition)	0	8.7
Special charges	2.1	2.2
Operating income	196.9	181.1
Interest expense	43	41.8
Other income, net	6.1	4.1
Income from consolidated operations before income taxes	160	143.4
Income tax expense (benefit)	22.1	(271.1)
Net income from consolidated operations	137.9	414.5
Income from unconsolidated operations	10.1	8.1
Net income	$ 148	$ 422.6
Earnings per share - basic (usd per share)	$ 1.12	$ 3.22
Average shares outstanding - basic (shares)	132.2	131.2
Earnings per share - diluted (usd per share)	$ 1.11	$ 3.18
Average shares outstanding - diluted (shares)	133.8	132.9
Nonvoting Common Stock
Cash dividends paid per common share (usd per share)	$ 0.57	$ 0.52
Common Stock
Cash dividends paid per common share (usd per share)	$ 0.57	$ 0.52

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 148	$ 422.6
Net income attributable to non-controlling interest	0.5	0.9
Other comprehensive income (loss):
Unrealized components of pension and postretirement plans (including a curtailment gain of $18.0 for the three months ended February 28, 2018)	(2.4)	20.4
Currency translation adjustments	36.7	62
Change in derivative financial instruments	0.1	(1)
Deferred taxes	(2)	(5)
Comprehensive income	32.4	76.4
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 180.9	$ 499.9

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018
Current Assets
Cash and cash equivalents	$ 102.3	$ 96.6	$ 179.6
Trade accounts receivable, net	435.7	518.1	502
Inventories, net
Finished products	415.9	406.1	409
Raw materials and work-in-process	391.4	380.2	418.7
Total inventory	807.3	786.3	827.7
Prepaid expenses and other current assets	82.7	78.9	96.7
Total current assets	1,428	1,479.9	1,606
Property, plant and equipment	2,092.6	2,066.5	1,915.3
Less: accumulated depreciation	(1,116.1)	(1,081.4)	(1,092.2)
Property, plant and equipment, net	976.5	985.1	823.1
Goodwill	4,538.5	4,527.9	4,626
Intangible assets, net	2,869.2	2,873.3	2,907.1
Investments and other assets	415.7	390.2	400.8
Total assets	10,227.9	10,256.4	10,363
Current Liabilities
Short-term borrowings	603.4	560	680.7
Current portion of long-term debt	85.8	83.5	75.6
Trade accounts payable	673.8	710	584.4
Other accrued liabilities	466.1	648.2	530.8
Total current liabilities	1,829.1	2,001.7	1,871.5
Long-term debt	4,034	4,052.9	4,378.6
Deferred taxes	704.4	706.5	662.3
Other long-term liabilities	317.7	313.1	378.2
Total liabilities	6,885.2	7,074.2	7,290.6
Shareholders’ Equity
Retained earnings	1,877.9	1,760.2	1,592.3
Accumulated other comprehensive loss	(327.4)	(359.9)	(224.3)
Non-controlling interests	11.7	11.3	12.2
Total shareholders’ equity	3,342.7	3,182.2	3,072.4
Total liabilities and shareholders’ equity	10,227.9	10,256.4	10,363
Common Stock
Shareholders’ Equity
Common stock	404.4	400.2	382.9
Nonvoting Common Stock
Shareholders’ Equity
Common stock	$ 1,376.1	$ 1,370.4	$ 1,309.3

CONDENSED CONSOLIDATED CASH FLO

CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Operating activities
Net income	$ 148	$ 422.6
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization	40.3	36.6
Stock-based compensation	6.7	4.3
U.S. Tax Act, Non-cash Income Tax Expense (Benefit)	0	(297.9)
Income from unconsolidated operations	(10.1)	(8.1)
Changes in operating assets and liabilities	(92.7)	(185)
Dividends from unconsolidated affiliates	11.4	7
Net cash flow provided by (used in) operating activities	103.6	(20.5)
Investing activities
Acquisition of businesses	0	(4.2)
Capital expenditures (including software)	(25.4)	(31.3)
Other Investing Activities	0.1	0.3
Net cash flow used in investing activities	(25.3)	(35.2)
Financing activities
Short-term borrowings, net	44.3	423.6
Long-term debt borrowings	0	6.4
Long-term debt borrowings	(21.5)	(319.8)
Proceeds from exercised stock options	6.7	16.9
Taxes withheld and paid on employee stock awards	(3.1)	(2.9)
Common stock acquired by purchase	(30.5)	(16.8)
Dividends paid	(75.3)	(68.2)
Net cash flow (used in) provided by financing activities	(79.4)	39.2
Effect of exchange rate changes on cash and cash equivalents	6.8	9.3
Increase (decrease) in cash and cash equivalents	5.7	(7.2)
Cash and cash equivalents at beginning of period	96.6	186.8
Cash and cash equivalents at end of period	$ 102.3	$ 179.6

Consolidated Statement Of Share

Consolidated Statement Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Non-Controlling Interests [Member]	Nonvoting Common StockCommon Stock
Balance, Shares at Nov. 30, 2017		10				121
Balance, Value at Nov. 30, 2017	$ 2,570.9	$ 1,672.9	$ 1,166.5	$ (279.5)	$ 11
Comprehensive income:
Net income	422.6		422.6
Net income attributable to non-controlling interest	0.9				0.9
Other comprehensive income (loss), net of tax	76.4			76.1	0.3
Currency translation adjustments	62
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	4.3	$ 4.3
Shares purchased and retired, Shares		(0.1)				(0.1)
Shares purchased and retired, Value	(21.5)	$ (3.8)	(17.7)
Equal exchange, shares		(0.3)				0.3
Balance, Shares at Feb. 28, 2018		9.9				121.3
Balance, Value at Feb. 28, 2018	3,072.4	$ 1,692.2	1,592.3	(224.3)	12.2
Comprehensive income:
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	20.9		20.9	(20.9)
Stock Issued During Period, Shares, New Issues		0.3				0.1
Stock Issued During Period, Value, New Issues	18.8	$ 18.8
Balance, Shares at Nov. 30, 2018		9.6				122.5
Balance, Value at Nov. 30, 2018	3,182.2	$ 1,770.6	1,760.2	(359.9)	11.3
Comprehensive income:
Net income	148		148
Net income attributable to non-controlling interest	0.5				0.5
Other comprehensive income (loss), net of tax	32.4			32.5	(0.1)
Currency translation adjustments	36.7
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	6.7	$ 6.7
Shares purchased and retired, Shares		0				(0.2)
Shares purchased and retired, Value	(34.2)	$ (3.9)	(30.3)
Equal exchange, shares		(0.1)				0.1
Balance, Shares at Feb. 28, 2019		9.6				122.4
Balance, Value at Feb. 28, 2019	3,342.7	$ 1,780.5	$ 1,877.9	$ (327.4)	$ 11.7
Comprehensive income:
Stock Issued During Period, Shares, New Issues		0.1				0
Stock Issued During Period, Value, New Issues	$ 7.1	$ 7.1

Accounting Policies

Accounting Policies	3 Months Ended
	Feb. 28, 2019
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all the information and notes required by United States generally accepted accounting principles (U.S. GAAP) for complete financial statements. In our opinion, the accompanying condensed consolidated financial statements contain all adjustments, which are of a normal and recurring nature, necessary to present fairly the financial position and the results of operations for the interim periods presented. We made an immaterial adjustment to the accompanying Condensed Consolidated Statement of Comprehensive Income for the three months ended February 28, 2018, which increased currency translation adjustments by $0.3 million to $62.0 million and increased comprehensive income by $0.3 million to $499.9 million , to conform to the presentation included in the Consolidated Statement of Comprehensive Income included in our Annual Report on Form 10-K for the year ended November 30, 2018. The results of consolidated operations for the three -month period ended February 28, 2019 are not necessarily indicative of the results to be expected for the full year. Historically, our net sales, net income and cash flow from operations are lower in the first half of the fiscal year and increase in the second half. The typical increase in net sales, net income and cash flow from operations in the second half of the year is largely due to the consumer business cycle in the U.S., where customers typically purchase more products in the fourth quarter due to the Thanksgiving and Christmas holiday seasons. For further information, refer to the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended November 30, 2018 . Significant Accounting Policies The following significant accounting policies were updated in 2019 to reflect changes upon our adoption of ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) (the “Revenue Recognition ASU”), ASU No. 2017-07 Compensation – Retirement Benefits (Topic 715) – Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (the “Pension ASU”), and ASU No. 2017-12 Derivatives and Hedging (Topic 815) – Targeted Improvements to Accounting for Hedging Activities . Revenue Recognition We manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry – retailers, food manufacturers and foodservice businesses. We recognize sales as performance obligations are fulfilled when control passes to the customer. Revenues are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. Any taxes collected on behalf of government authorities are excluded from net sales. We account for product shipping and handling as fulfillment activities with costs for these activities recorded within cost of goods sold. Amounts billed and due from our customers are classified as accounts receivable on the balance sheet and require payment on a short-term basis. Our allowance for doubtful accounts represents our estimate of probable non-payments and credit losses in our existing receivables, as determined based on a review of past due balances and other specific account data. Performance Obligations Our revenues primarily result from contracts or purchase orders with customers, which are generally short-term in nature. The Company assesses the goods and services promised in its customers’ contracts or purchase orders and identifies a performance obligation for each promise to transfer a good or service (or bundle of goods or services) that is distinct. To identify the performance obligations, the Company considers all the goods or services promised, whether explicitly stated or implied based on customary business practices. Significant Judgments Sales are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. Where applicable, future reimbursements are estimated based on a combination of historical patterns and future expectations regarding these programs. Key sales terms, such as pricing and quantities ordered, are established on a frequent basis such that most customer arrangements and related incentives have a one-year or shorter duration. Estimates that affect revenue, such as trade incentives and product returns, are monitored and adjusted each period until the incentives or product returns are realized. The adjustments recognized during the three months ended February 28, 2019 and 2018 resulting from updated estimates of revenue for prior year product sales were not significant. The unsettled portion remaining in accrued liabilities for these activities was $109.3 million and $142.1 million at February 28, 2019 and November 30, 2018, respectively. Other contract balances recognized in the current period that are not the result of current period performance are not material. Other In each of our segments, we produce and sell many individual products which are similar in composition and nature. With their primary attribute being flavor, we regard the products within each of our segments to be fairly homogenous. Our business segments each sell to similar channels and customers. See Note 11 for revenues reported by business segment, which is consistent with how we organize and manage our operations, and for revenues reported by geographic region. Practical Expedients As more fully described below, we adopted the Revenue Recognition ASU in the first quarter of 2019 using the full retrospective method, including applying the following policy elections and practical expedients upon that adoption: • Shipping and handling costs – The Company elected to account for shipping and handling activities that occur before the customer has obtained control of a good as fulfillment activities (i.e., an expense) rather than as a promised service. • Measurement of transaction price – The Company has elected to exclude from the measurement of transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer for sales, value added and other excise taxes. • Incremental cost of obtaining a contract – The Company elected to expense any incremental costs of obtaining a contract if the contract is for a period of one year or less. Shipping and Handling Shipping and handling costs on our products sold to customers related to activities that occur before the customer has obtained control of a good are included in cost of goods sold in the consolidated income statement. Brand Marketing Support Total brand marketing support costs are included in selling, general and administrative expense in the consolidated income statement. Brand marketing support costs include advertising and promotions but exclude trade funds paid to customers for such activities. All trade funds paid to customers are reflected in the consolidated income statement as a reduction of net sales. Promotion costs include public relations, shopper marketing, social marketing activities, general consumer promotion activities and depreciation of assets used in these promotional activities. Advertising costs include the development, production and communication of advertisements through television, digital, print and radio. Development and production costs are expensed in the period in which the advertisement is first run. All other costs of advertising are expensed as incurred. Derivative Instruments We record all derivatives on the balance sheet at fair value. The fair value of derivative instruments is recorded in other current assets, other assets, other accrued liabilities or other liabilities. Gains and losses representing either hedge ineffectiveness, hedge components excluded from the assessment of effectiveness, or hedges of translational exposure are recorded in the consolidated income statement in other income (expense), net or interest expense. In the consolidated cash flow statement, settlements of cash flow and fair value hedges are classified as an operating activity; settlements of all other derivative instruments, including instruments for which hedge accounting has been discontinued, are classified consistent with the nature of the instrument. Cash flow hedges. Qualifying derivatives are accounted for as cash flow hedges when the hedged item is a forecasted transaction. Gains and losses on these instruments are recorded in accumulated other comprehensive income (loss) until the underlying transaction is recorded in earnings. When the hedged item is realized, gains or losses are reclassified from accumulated other comprehensive income (loss) to the consolidated income statement on the same line item as the underlying transaction. Fair value hedges. Qualifying derivatives are accounted for as fair value hedges when the hedged item is a recognized asset, liability, or firm commitment. Gains and losses on these instruments are recorded in earnings, offsetting gains and losses on the hedged item. Net investment hedges. Qualifying derivative and nonderivative financial instruments are accounted for as net investment hedges when the hedged item is a nonfunctional currency investment in a subsidiary. Gains and losses on these instruments are included in foreign currency translation adjustments in accumulated other comprehensive income (loss). Accounting Pronouncements Adopted in 2019 We elected to adopt the Revenue Recognition ASU on a full retrospective basis. We adopted the Pension ASU on a retrospective basis as required by the standard. These new accounting standards are summarized below. In May 2014, the FASB issued the Revenue Recognition ASU, which supersedes previously existing revenue recognition guidance. Under this new guidance, companies apply a principles-based five-step model to recognize revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration for which the company expects to be entitled to in exchange for those goods or services. The model encompasses the following steps: (1) determination of whether a contract - an agreement between two or more parties that creates legally enforceable rights and obligations - exists; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when (or as) the performance obligation is satisfied. The new revenue recognition guidance allows companies to account for shipping and handling activities that occur before and after the customer has obtained control of a product as fulfillment activities rather than as a promised service; and we applied this accounting policy election. In addition, the new revenue guidance requires that customer payments be accounted for as a reduction in the transaction price unless the payment to a customer is in exchange for a distinct good or service. The adoption of this standard did not have and is not expected to have an effect on the timing of our revenue recognition. Upon adoption of the Revenue Recognition ASU in fiscal 2019, we made the following changes to our revenue recognition accounting policy and disclosure practices. We classify shipping and handling expenses as a component of cost of goods sold, rather than our prior practice of recording these costs as a component of selling, general and administrative expense. Also, we classify all payments to direct and indirect customers, including certain trade funds used for cooperative advertising and displays, as a reduction of revenue. Prior to our adoption of the Revenue Recognition ASU, we presented certain of those payments as brand marketing support costs and included these payments as a component of selling, general and administrative expense. There was no effect on operating income, net income, or basic and diluted earnings per share upon our adoption of the Revenue Recognition ASU in 2019. In March 2017, the FASB issued the Pension ASU. This guidance revises how employers that sponsor defined benefit pension and other postretirement plans present the net periodic benefit cost in their income statement and requires that the service cost component of net periodic benefit cost be presented in the same income statement line items as other employee compensation costs from services rendered during the period. Of the components of net periodic benefit cost, only the service cost component is eligible for asset capitalization. The other components of the net periodic benefit cost must be presented separately from the line items that include the service cost and outside of any subtotal of operating income on the income statement. The new standard was adopted as of December 1, 2018 and has been applied on a retrospective basis. Adoption of the new standard solely impacts classification within our consolidated income statement, with no change to net income or basic and diluted earnings per share. The adoption of the Revenue Recognition ASU and the Pension ASU, on a retrospective basis, impacted our previously reported results for the three months ended February 28, 2018 as follows: Accounting Changes Previously Reported Revenue Recognition (1) Pension Recast (1) Net sales $ 1,237.1 $ (21.7 ) $ — $ 1,215.4 Cost of goods sold 717.1 37.3 0.6 755.0 Gross profit 520.0 (59.0 ) (0.6 ) 460.4 Selling, general and administrative expense 325.4 (59.0 ) 2.0 268.4 Operating income 183.7 — (2.6 ) 181.1 Other income, net 1.5 — 2.6 4.1 (1) Amounts reflected in these columns have been reclassified from the corresponding amounts included in the Form 8-K that we furnished on March 11, 2019. This reclassification is a revision of the recast of previously reported historical information associated with our retrospective adoption of the Revenue Recognition ASU and Pension ASU in the first quarter of 2019, as follows: (i) decreased cost of goods sold by $4.2 million , with a resultant increase in gross profit by $4.2 million ; and (ii) increased selling, general and administrative expense by $4.2 million . We adopted the following new accounting standards in the first quarter of 2019 on a prospective basis: In August 2017, the FASB issued ASU No. 2017-12 Derivatives and Hedging (Topic 815) — Targeted Improvements to Accounting for Hedging Activities . This guidance eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires, for qualifying hedges, the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The guidance also modifies the accounting for components excluded from the assessment of hedge effectiveness, eases documentation and assessment requirements and modifies certain disclosure requirements. The new standard is effective for the first quarter of our fiscal year ending November 30, 2020, with early adoption permitted in any interim period or fiscal year before the effective date. We have elected to adopt this guidance effective December 1, 2018. There was no material impact to our financial statements upon adoption. In October 2016, the FASB issued ASU No. 2016-16 Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory. The ASU eliminates the deferral of the tax effects of intra-entity asset transfers other than inventory. As a result, the tax expense from the intercompany sale of assets, other than inventory, and associated changes to deferred taxes will be recognized when the sale occurs even though the pre-tax effects of the transaction have not been recognized. This new standard was effective beginning in fiscal year 2019 and is required to be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of December 1, 2018, the first day of our fiscal year 2019. There was no cumulative-effect adjustment upon adoption. As more fully disclosed in note 8, during the three months ended February 28, 2019, we recognized a discrete tax benefit of $16.2 million under the provisions of this standard. The on-going effect of the adoption of the standard will depend on the nature and amount of future transactions. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805) — Clarifying the Definition of a Business. This guidance changes the definition of a business to assist entities in evaluating when a set of transferred assets and activities constitutes a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of transferred assets and activities is not a business. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs by more closely aligning it with how outputs are described in the Revenue Recognition ASU . The new standard is effective for the first quarter of our fiscal year ending November 30, 2019. We currently cannot estimate the impact that adoption of this ASU will have on our financial statements and related disclosures as its application is dependent on the facts and circumstances of individual transactions. In August 2018, the U.S. Securities and Exchange Commission ("SEC") adopted the final rule under SEC Release No. 33-10532 Disclosure Update and Simplification , to eliminate or modify certain disclosure rules that are redundant, outdated, or duplicative of U.S. GAAP or other regulatory requirements. Among other changes, the amendments eliminated the annual requirement to disclose the high and low trading prices of our common stock. In addition, the amendments provide that disclosure requirements related to the analysis of shareholders' equity are expanded for interim financial statements. An analysis of the changes in each caption of shareholders' equity presented in the balance sheet must be provided in a note or separate statement, as well as the amount of dividends per share for each class of shares, and we have provided this disclosure beginning in the first quarter of 2019. Recently Issued Accounting Pronouncements — Pending Adoption In January 2017, the FASB issued ASU No. 2017-04 Intangibles — Goodwill and Other Topics (Topic 350) — Simplifying the Test for Goodwill Impairment. This guidance eliminates the requirement to calculate the implied fair value of goodwill of a reporting unit to measure a goodwill impairment charge. Instead, a company will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The new standard will be effective for the first quarter of our fiscal year ending November 30, 2021. Early adoption is permitted for all entities for annual and interim goodwill impairment testing dates after January 1, 2017. While we are still evaluating the timing of adoption, we currently do not expect this guidance to have a material impact on our financial statements. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). This guidance revises existing practice related to accounting for leases under Accounting Standards Codification Topic 840 Leases (ASC 840) for both lessees and lessors. Our leases principally relate to: (i) certain real estate, including that related to a number of administrative, distribution and manufacturing locations, and, beginning in May 2018, to our new headquarters building; (ii) certain machinery and equipment, including a corporate airplane and automobiles; and (iii) certain software. The new guidance in ASU No. 2016-02 requires lessees to recognize a right-of-use asset and a lease liability for virtually all leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of-use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC 840, requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC 840) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC 840). In July 2018, the FASB issued ASU No. 2018-11 Leases (Topic 842) Targeted Improvements which provides an additional transition method that allows entities to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without restating prior periods. The new standard will be effective for the first quarter of our fiscal year ending November 30, 2020. We intend to adopt the requirements of the new standard via a cumulative-effect adjustment without restating prior periods. Based on our assessment to date, we expect that the adoption of ASU No. 2016-02 will not have a material effect on our results of operations but will result in an increase in lease-related assets and liabilities recognized in our Consolidated Balance Sheets. We are unable to quantify the amount of that increase at this time.

Acquisitions

Acquisitions	3 Months Ended
	Feb. 28, 2019
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS In August 2017, we completed the acquisition of Reckitt Benckiser's Food Division ("RB Foods") from Reckitt Benckiser Group plc. The purchase price was approximately $4.21 billion , net of acquired cash of $24.3 million . During the three months ended February 28, 2018, we paid an additional $4.2 million associated with the final working capital adjustment. During the three months ended February 28, 2018, we incurred $8.7 million of transaction and integration expenses related to the RB Foods acquisition. Those costs consisted of outside advisory, service and consulting costs; employee-related costs; and other costs related to the acquisition. The following are the transaction and integration expenses related to the RB Foods acquisition that we have recorded for the three months ended February 28, 2018 (in millions): Transaction expenses $ 0.2 Integration expenses 8.5 Total $ 8.7

Special Charges

Special Charges	3 Months Ended
	Feb. 28, 2019
Special Charges [Abstract]
Special Charges [Text Block]	SPECIAL CHARGES In our consolidated income statement, we include a separate line item captioned “Special charges” in arriving at our consolidated operating income. Special charges consist of expenses associated with certain actions undertaken by the Company to reduce fixed costs, simplify or improve processes, and improve our competitiveness and are of such significance in terms of both up-front costs and organizational/structural impact to require advance approval by our Management Committee, comprised of our senior management, including our Chairman, President and Chief Executive Officer. Upon presentation of any such proposed action (generally including details with respect to estimated costs, which typically consist principally of employee severance and related benefits, together with ancillary costs associated with the action that may include a non-cash component or a component which relates to inventory adjustments that are included in cost of goods sold; impacted employees or operations; expected timing; and expected savings) to the Management Committee and the Committee’s advance approval, expenses associated with the approved action are classified as special charges upon recognition and monitored on an on-going basis through completion. The following is a summary of special charges recognized in the three months ended February 28, 2019 and 2018 (in millions): 2019 2018 Employee severance benefits and related costs $ 0.6 $ 0.4 Other costs 1.5 1.8 Total $ 2.1 $ 2.2 We continue to evaluate changes to our organization structure to enable us to reduce fixed costs, simplify or improve processes, and improve our competitiveness. In 2017, our Management Committee approved a multi-year initiative during which we expect to execute significant changes to our global processes, capabilities and operating model to provide a scalable platform for future growth. We expect this initiative to enable us to accelerate our ability to work globally and cross-functionally by aligning and simplifying processes throughout McCormick, in part building upon our current shared services foundation and expanding the end-to-end processes presently under that foundation. We expect this initiative, which we refer to as Global Enablement (GE), to enable this scalable platform for future growth while reducing costs, enabling faster decision making, increasing agility and creating capacity within our organization. While we are continuing to fully develop the details of our GE operating model, we expect the cost of the GE initiative — to be recognized as “Special charges” in our consolidated income statement over its expected multi-year course — to range from approximately $55 million to $65 million . Of that $55 million to $65 million , we estimate that half will be attributable to each employee severance and related benefit payments and half will be attributable to cash payments associated with the related costs of GE implementation and transition, including outside consulting and other costs directly related to the initiative. We incurred $11.5 million and $12.7 million of special charges associated with our GE initiative during 2018 and 2017, respectively. The GE initiative is expected to generate annual savings, ranging from approximately $30 million to $40 million , once all actions are implemented. During the three months ended February 28, 2019, we recorded $2.1 million of special charges, consisting primarily of costs related to our GE initiative. Of the $2.1 million in special charges recognized in the first quarter of 2019 related to our GE initiative, $1.0 million related to third party expenses and $0.6 million related to employee severance benefits, and $0.5 million related to other costs. During the three months ended February 28, 2018, we recorded $2.2 million of special charges, consisting primarily of $1.3 million related to third party expenses incurred associated with our evaluation of changes relating to our GE initiative, $0.7 million related to employee severance benefits and other costs associated with the transfer of certain manufacturing operations in our Asia Pacific region to a new facility under construction in Thailand and $0.2 million related to employee severance benefits and other costs directly associated with the relocation of one of our Chinese manufacturing facilities. Of the $2.1 million in special charges recognized during the three months ended February 28, 2019, approximately $1.5 million were paid in cash, with the remaining accrual expected to be paid during the remainder of fiscal year 2019. In addition to the amounts recognized in the first three months of 2019, we expect to incur additional special charges during the remainder of 2019. We expect total special charges in 2019 of $15.0 million , consisting of: (i) approximately $12.0 million associated with our GE initiative comprised of third party expenses, employee severance benefits and other costs; and (ii) the remaining $3.0 million comprised of employee severance benefits and other costs directly associated with our ongoing EMEA reorganization plans, the relocation of one of our Chinese manufacturing facilities and the transfer of certain manufacturing operations in our Asia Pacific region to a new facility in Thailand. The following is a breakdown by business segments of special charges for the three months ended February 28, 2019 and 2018 (in millions): 2019 2018 Consumer segment $ 1.5 $ 1.0 Flavor solutions segment 0.6 1.2 Total special charges $ 2.1 $ 2.2 All remaining balances associated with our special charges are included in accounts payable and other accrued liabilities in our consolidated balance sheet.

Financial Instruments

Financial Instruments	3 Months Ended
	Feb. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL ARRANGEMENTS AND FINANCIAL INSTRUMENTS	FINANCING ARRANGEMENTS AND FINANCIAL INSTRUMENTS During each of the three months ended February 28, 2019 and 2018, we repaid $18.8 million (the required quarterly principal installment) of the five-year term loan due August 17, 2022. During the three months ended February 28, 2018, we also repaid $50 million of the three-year term loan due August 17, 2020 and repaid the $250 million , 5.75% notes that matured on December 15, 2017. We use derivative financial instruments to enhance our ability to manage risk, including foreign currency, net investment and interest rate exposures, which exist as part of our ongoing business operations. We do not enter into contracts for trading purposes, nor are we a party to any leveraged derivative instrument and all derivatives are designated as hedges. We are not a party to master netting arrangements, and we do not offset the fair value of derivative contracts with the same counterparty in our financial statement disclosures. The use of derivative financial instruments is monitored through regular communication with senior management and the use of written guidelines. Foreign currency exchange risk. We are potentially exposed to foreign currency fluctuations affecting net investments in subsidiaries, transactions (both third-party and intercompany) and earnings denominated in foreign currencies. Management assesses foreign currency risk based on transactional cash flows and translational volatility and may enter into forward contracts and currency swaps to reduce fluctuations in long or short currency positions. Forward contracts and options are generally less than 18 months duration. Currency swap agreements are established in conjunction with the term of underlying debt issues. For foreign currency cash flow and fair value hedges, the assessment of effectiveness is generally based on changes in spot rates. Contracts which are designated as hedges of anticipated purchases denominated in a foreign currency (generally purchases of raw materials in U.S. dollars by operating units outside the U.S.) are considered cash flow hedges. At February 28, 2019, the notional value of these contracts was $547.8 million . We also enter into fair value foreign currency exchange contracts to manage exposure to currency fluctuations in certain intercompany loans between subsidiaries. At February 28, 2019, the notional value of these contracts was $441.2 million . During the three months ended February 28, 2019 and 2018, we recognized gains (losses) of $1.7 million and $(2.2) million , respectively, on the change in fair value of these contracts and (losses) gains of $(1.8) million and $2.0 million , respectively, on the change in the currency component of the underlying loans. Both the gains and the losses were recognized in our consolidated income statement as other income, net. Beginning in the first quarter of 2019, we also utilized cross currency interest rate swap contracts that are considered net investment hedges. As of February 28, 2019, we had notional value of cross currency interest rate swap contracts of (i) $250 million notional value to receive $250 million at three-month U.S. LIBOR plus 0.685% and pay £194.1 million at three-month GBP LIBOR plus 0.740% and (ii) £194.1 million notional value to receive £194.1 million at three-month GBP LIBOR plus 0.740% and pay €221.8 million at three-month EURO EURIBOR plus 0.808% . These cross currency interest rate swap contracts expire in August 2027. Interest rate risk. We finance a portion of our operations with both fixed and variable rate debt instruments, principally commercial paper, notes and bank loans. We utilize interest rate swap agreements, including forward-starting swaps, to reduce interest rate volatility and funding costs associated with certain debt issues, and achieve a desired mix of variable and fixed rate debt. Fixed-to-variable interest rate swaps are designated and accounted for as fair value hedges and the assessment of effectiveness is based on changes in the fair value of the underlying debt. As of February 28, 2019, we have outstanding interest rate swap contracts for a notional amount of $350 million . Those interest rate swap contracts include a $100 million notional value of interest rate swap contracts, where we receive interest at 3.25% and pay a variable rate of interest based on three-month LIBOR plus 1.22% , which expire in November 2025, and are designated as fair value hedges of the changes in fair value of $100 million of the $250 million 3.25% medium-term notes due 2025. We also have $250 million notional interest rate swap contracts where we receive interest at 3.40% and pay a variable rate of interest based on three-month LIBOR plus 0.685% , which expire in August 2027, and are designated as fair value hedges of the changes in fair value of $250 million of the $750 million 3.40% term notes due 2027. Any realized gain or loss on either of these swaps was offset by a corresponding increase or decrease of the value of the hedged debt. All derivatives are recognized at fair value in the balance sheet and recorded in either other current assets, or noncurrent other assets, other accrued liabilities or other long-term liabilities depending upon their nature and maturity. The following table discloses the notional amount and fair values of derivative instruments on our balance sheet (in millions): As of February 28, 2019 Asset Derivatives Liability Derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value Interest rate contracts Other current assets $ 250.0 $ 0.1 Other accrued liabilities $ 100.0 $ 4.0 Foreign exchange contracts Other current assets 343.0 3.2 Other accrued liabilities 204.8 4.8 Cross currency contracts — — Other long-term liabilities 509.8 9.2 Total $ 3.3 $ 18.0 As of February 28, 2018 Asset Derivatives Liability Derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value Interest rate contracts Other current assets $ — $ — Other accrued liabilities $ 100.0 $ 5.7 Foreign exchange contracts Other current assets 307.4 11.0 Other accrued liabilities 109.7 4.8 Total $ 11.0 $ 10.5 As of November 30, 2018 Asset Derivatives Liability Derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value Interest rate contracts Other current assets $ — $ — Other accrued liabilities $ 100.0 $ 6.4 Foreign exchange contracts Other current assets 199.5 4.4 Other accrued liabilities 295.4 6.4 Total $ 4.4 $ 12.8 The following tables disclose the impact of derivative instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our consolidated income statement for the three -month period ended February 28, 2019 and 2018 (in millions): Fair Value Hedges Three months ended February 28, Derivative Income statement location Income (expense) 2019 2018 Interest rate contracts Interest expense $ 0.2 $ 0.1 Income statement location Gain (loss) recognized in income Income statement location Gain (loss) recognized in income Derivative 2019 2018 Hedged item 2019 2018 Foreign exchange contracts Other income, net $ 1.7 $ (2.2 ) Intercompany loans Other income, net $ (1.8 ) $ 2.0 Cash Flow Hedges Three months ended February 28, Derivative Gain or (loss) Income Gain or (loss) 2019 2018 2019 2018 Interest rate contracts $ — $ — Interest expense $ 0.1 $ 0.1 Foreign exchange contracts (1.2 ) (1.2 ) Cost of goods sold 0.3 (1.1 ) Total $ (1.2 ) $ (1.2 ) $ 0.4 $ (1.0 ) For all cash flow and settled interest rate fair value hedge derivatives, the net amount of accumulated other comprehensive income (loss) expected to be reclassified in the next 12 months is $0.5 million as an increase to earnings. Net Investment Hedges Three months ended February 28, Derivative Gain or (loss) Income Gain or (loss) 2019 2018 2019 2018 Cross currency contracts $ (9.5 ) $ — Interest $ 0.3 $ — For all net investment hedges, no amounts have been reclassified out of other comprehensive income (loss). The amounts noted in the tables above for OCI do not include any adjustments for the impact of deferred income taxes.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Feb. 28, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value can be measured using valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). Accounting standards utilize a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. At February 28, 2019, February 28, 2018 and November 30, 2018, we had no financial assets or liabilities that were subject to a level 3 fair value measurement. Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions): February 28, 2019 Fair Value Level 1 Level 2 Assets Cash and cash equivalents $ 102.3 $ 102.3 $ — Insurance contracts 111.5 — 111.5 Bonds and other long-term investments 8.1 8.1 — Interest rate derivatives 0.1 — 0.1 Foreign currency derivatives 3.2 — 3.2 Total $ 225.2 $ 110.4 $ 114.8 Liabilities Foreign currency derivatives $ 4.8 $ — $ 4.8 Interest rate derivatives 4.0 — 4.0 Cross currency contracts 9.2 — 9.2 Total $ 18.0 $ — $ 18.0 February 28, 2018 Fair Value Level 1 Level 2 Assets Cash and cash equivalents $ 179.6 $ 179.6 $ — Insurance contracts 119.6 — 119.6 Bonds and other long-term investments 6.5 6.5 — Foreign currency derivatives 11.0 — 11.0 Total $ 316.7 $ 186.1 $ 130.6 Liabilities Foreign currency derivatives $ 4.8 $ — $ 4.8 Interest rate derivatives 5.7 — 5.7 Total $ 10.5 $ — $ 10.5 November 30, 2018 Fair Value Level 1 Level 2 Assets Cash and cash equivalents $ 96.6 $ 96.6 $ — Insurance contracts 118.0 — 118.0 Bonds and other long-term investments 2.8 2.8 — Foreign currency derivatives 4.4 — 4.4 Total $ 221.8 $ 99.4 $ 122.4 Liabilities Foreign currency derivatives $ 6.4 $ — $ 6.4 Interest rate derivatives 6.4 — 6.4 Total $ 12.8 $ — $ 12.8 Because of their short-term nature, the amounts reported in the balance sheet for cash and cash equivalents, receivables, short-term borrowings and trade accounts payable approximate fair value. The fair values of insurance contracts are based upon the underlying values of the securities in which they are invested and are from quoted market prices from various stock and bond exchanges for similar type assets. The fair values of bonds and other long-term investments are based on quoted market prices from various stock and bond exchanges. The fair values for interest rate and foreign currency derivatives are based on values for similar instruments using models with market-based inputs. The following table sets forth the carrying amounts and fair values of our long-term debt (including the current portion thereof) at February 28, 2019, February 28, 2018 and November 30, 2018 (in millions): February 28, 2019 February 28, 2018 November 30, 2018 Carrying amount $ 4,119.8 $ 4,454.2 $ 4,136.4 Fair value 4,068.8 4,452.5 4,039.4 Level 1 valuation techniques $ 3,222.2 $ 3,264.7 $ 3,172.7 Level 2 valuation techniques 846.6 1,187.8 866.7 Total fair value $ 4,068.8 $ 4,452.5 $ 4,039.4 The fair value for Level 2 long-term debt is determined by using quoted prices for similar debt instruments.

Employee Benefit and Retirement

Employee Benefit and Retirement Plans	3 Months Ended
	Feb. 28, 2019
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT AND RETIREMENT PLANS	EMPLOYEE BENEFIT AND RETIREMENT PLANS During the first quarter of 2018, our Management Committee approved the freezing of benefits under our pension plans in Canada. The effective date of this freeze is November 30, 2019. Although those plans will be frozen, employees who are participants in the plans will retain benefits accumulated up to the date of the freeze, based on credited service and eligible earnings, in accordance with the terms of the plans. As a result of this change, we remeasured pension assets and benefit obligations as of the date of the approval (December 1, 2017) and we reduced the Canadian plan benefit obligations by $17.5 million . This remeasurement resulted in non-cash, pre-tax net actuarial gains of $17.5 million for the three months ended February 28, 2018. This net actuarial gain consists principally of a curtailment gain of $18.0 million and is included in our consolidated statement of comprehensive income for the three months ended February 28, 2018, as a component of Other comprehensive income (loss) on the line entitled Unrealized components of pension plans. Deferred taxes associated with these actuarial gains, together with other unrealized components of pension plans recognized during the three months ended February 28, 2018, is also included in that statement as a component of Other comprehensive income (loss). The following table presents the components of our pension expense of the defined benefit plans for the three months ended February 28, 2019 and 2018 (in millions): United States International 2019 2018 2019 2018 Defined benefit plans Service cost $ 0.5 $ 4.4 $ 0.9 $ 1.1 Interest costs 8.6 7.9 2.4 2.4 Expected return on plan assets (10.6 ) (10.8 ) (4.1 ) (4.2 ) Amortization of prior service costs 0.1 — — 0.5 Amortization of net actuarial losses 0.6 2.5 0.3 0.7 Total pension expense $ (0.8 ) $ 4.0 $ (0.5 ) $ 0.5 During the three months ended February 28, 2019 and 2018 , we contributed $ 1.9 million and $ 5.9 million , respectively, to our pension plans. Total contributions to our pension plans in fiscal year 2018 were $ 13.5 million . The following table presents the components of our other postretirement benefits expense (in millions): Three months ended February 28, 2019 2018 Other postretirement benefits Service cost $ 0.5 $ 0.6 Interest costs 0.7 0.6 Amortization of prior service credits (2.2 ) (2.2 ) Amortization of net actuarial gains (0.2 ) — Total other postretirement benefits expense $ (1.2 ) $ (1.0 ) In conjunction with our adoption of the Pension ASU, all of the amounts in the tables above for pension expense and other postretirement benefits expense, other than service cost, were included in the income statement caption "Other income, net" within our consolidated income statements. The aggregate amount of non-service costs were income of $4.4 million and $2.6 million for the three months ended February 28, 2019 and 2018, respectively.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Feb. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION We have three types of stock-based compensation awards: restricted stock units (RSUs), stock options and company stock awarded as part of our long-term performance plan (LTPP). The following table sets forth the stock-based compensation expense recorded in selling, general and administrative (SG&A) expense (in millions): Three months ended February 28, 2019 2018 Stock-based compensation expense $ 6.7 $ 4.3 Our 2019 annual grant of stock options and RSUs is expected to occur in the second quarter, similar to the 2018 annual grant. The following is a summary of our stock option activity for the three months ended February 28, 2019 and 2018 : 2019 2018 (shares in millions) Number of Shares Weighted- Average Exercise Price Number of Shares Weighted- Average Exercise Price Outstanding at beginning of period 3.6 $ 82.60 4.8 $ 71.91 Exercised (0.1 ) 63.07 (0.3 ) 54.84 Outstanding at end of the period 3.5 $ 83.04 4.5 $ 73.04 Exercisable at end of the period 2.7 $ 77.11 3.5 $ 66.37 As of February 28, 2019 , the intrinsic value (the difference between the exercise price and the market price) for all options outstanding was $187.2 million and for options currently exercisable was $158.0 million . The total intrinsic value of all options exercised during the three months ended February 28, 2019 and 2018 was $5.9 million and $15.4 million , respectively. The following is a summary of our RSU activity for the three months ended February 28, 2019 and 2018 : 2019 2018 (shares in thousands) Number of Shares Weighted- Average Grant-Date Fair Value Number of Shares Weighted- Average Grant-Date Fair Value Outstanding at beginning of period 423 $ 103.05 267 $ 86.47 Granted — — 31 95.60 Vested (3 ) 95.64 (1 ) 75.99 Forfeited (2 ) 99.36 (4 ) 93.66 Outstanding at end of period 418 $ 103.12 293 $ 87.40 The following is a summary of our LTPP activity for the three months ended February 28, 2019 and 2018 : 2019 2018 (shares in thousands) Number of Shares Weighted- Average Grant-Date Fair Value Number of Shares Weighted- Average Grant-Date Fair Value Outstanding at beginning of period 218 $ 83.55 220 $ 84.31 Granted 102 150.51 86 101.90 Vested (57 ) 86.40 (59 ) 74.02 Outstanding at end of period 263 $ 117.14 247 $ 92.91

Income Taxes

Income Taxes	3 Months Ended
	Feb. 28, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income taxes for the three months ended February 28, 2019 included $17.6 million of discrete tax benefits consisting principally of the following: (i) $16.2 million of tax benefits associated with an intra-entity asset transfer that occurred during the quarter under the provisions of ASU No. 2016-16, which was adopted on December 1, 2018, and (ii) $1.6 million of excess tax benefits associated with share-based compensation. Income taxes for the three months ended February 28, 2018 included $303.0 million of discrete tax benefits consisting of the following: (i) the $297.9 million net benefit associated with the U.S. Tax Act, described below, (ii) $3.4 million of excess tax benefits associated with share-based compensation, and (iii) $2.2 million related to the reversal of unrecognized tax benefits and related interest associated with the expiration of statutes of limitation in non-US jurisdictions, offset by a $0.5 million net detriment related to the revaluation of deferred tax assets related to legislation enacted in a non-US jurisdiction in our first quarter. In December 2017, President Trump signed into law H.R. 1, “An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018” (this legislation was formerly called the “Tax Cuts and Jobs Act” and is referred to herein as the “U.S. Tax Act”). The U.S. Tax Act provided for significant changes in the U.S. Internal Revenue Code of 1986, as amended. Certain provisions of the U.S. Tax Act were effective during our fiscal year ended November 30, 2018 with all provisions of the U.S. Tax Act effective as of the beginning of our fiscal year beginning December 1, 2018. The U.S. Tax Act contains provisions with separate effective dates but is generally effective for taxable years beginning after December 31, 2017. The U.S. Tax Act creates a new requirement that certain income earned by foreign subsidiaries, known as GILTI, must be included in the gross income of the subsidiary's U.S. shareholder. This provision of the U.S. Tax Act was effective for us for our fiscal year beginning December 1, 2018. The FASB allows an accounting policy election of either recognizing deferred taxes for temporary differences expected to reverse as GILTI in future years or recognizing such taxes as a current period expense when incurred . We have elected to treat GILTI as a current period expense when incurred. The Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 (SAB 118) on December 23, 2017. SAB 118 provided a one-year measurement period from a registrant’s reporting period that includes the U.S. Tax Act’s enactment date to allow registrants sufficient time to obtain, prepare and analyze information to complete the accounting required under ASC 740 Income Taxes . As more fully described in note 12 of notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended November 30, 2018, we recognized a $301.5 million income tax benefit, net, associated with the U.S. Tax Act during the year ended November 30, 2018. The net tax benefit related to the U.S. Tax Act was provisional and changed during the measurement period, which ended in the quarter ended November 30, 2018, as a result of, among other things, changes in interpretations and assumptions we made, guidance issued and other actions taken as a result of the U.S. Tax Act different from that previously assumed. Based upon estimates and judgments that we believed to be reasonable, we recognized a net benefit of $297.9 million during the three months ended February 28, 2018 related to the U.S. Tax Act, as described below. Beginning on January 1, 2018, the U.S. Tax Act lowered the U.S. corporate income tax rate from 35% to 21% on our U.S. earnings from that date and beyond. As of February 28, 2018, we estimated that the revaluation of our U.S. deferred tax assets and liabilities to the 21% corporate tax rate reduced our net U.S. deferred income tax liability by $376.5 million and we reflected that amount as a reduction in our income tax expense for the three months ended February 28, 2018. The U.S. Tax Act imposed a one-time transition tax on post-1986 earnings of non-U.S. affiliates that had not been repatriated for purposes of U.S. federal income tax, with those earnings taxed at rates of 15.5% for earnings reflected by cash and cash equivalent items and 8% for other assets. As of February 28, 2018, we estimated this transition tax to be $72.3 million . In addition to this transition tax, we incurred additional foreign withholding taxes of $6.3 million associated with previously unremitted prior year earnings of certain foreign subsidiaries that were no longer considered indefinitely reinvested at January 1, 2018, which we recognized as a component of our income tax expense for the three months ended February 28, 2018. Other than the discrete tax benefits mentioned previously and additions for current year tax positions, there were no significant changes to unrecognized tax benefits during the three months ended February 28, 2019. As of February 28, 2019, we believe the reasonably possible total amount of unrecognized tax benefits that could increase or decrease in the next 12 months as a result of various statute expirations, audit closures, and/or tax settlements would not be material to our consolidated financial statements.

Earnings Per Share and Stock Is

Earnings Per Share and Stock Issuances	3 Months Ended
	Feb. 28, 2019
Earnings Per Share, Basic and Diluted [Abstract]
EARNINGS PER SHARE AND STOCK ISSUANCES	EARNINGS PER SHARE AND STOCK ISSUANCE The following table sets forth the reconciliation of average shares outstanding (in millions): Three months ended February 28, 2019 February 28, 2018 Average shares outstanding – basic 132.2 131.2 Effect of dilutive securities: Stock options/RSUs/LTPP 1.6 1.7 Average shares outstanding – diluted 133.8 132.9 The following table sets forth the stock options and RSUs for the three months ended February 28, 2019 and 2018 that were not considered in our earnings per share calculation since they were anti-dilutive (in millions): 2019 2018 Anti-dilutive securities 0.1 0.4 The following table sets forth the common stock activity for the three months ended February 28, 2019 and 2018 (in millions): 2019 2018 Shares issued, net of shares withheld for taxes, under stock options, RSUs, LTPP and employee stock purchase plans 0.1 0.3 Shares repurchased under the stock repurchase program 0.2 0.2 As of February 28, 2019 , $96.4 million remained of the $600 million share repurchase authorization that was authorized by the Board of Directors in March 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Feb. 28, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table sets forth the components of accumulated other comprehensive income (loss), net of tax, where applicable (in millions): February 28, 2019 February 28, 2018 November 30, 2018 Foreign currency translation adjustment $ (206.9 ) $ (62.7 ) $ (241.6 ) Unrealized loss on foreign currency exchange contracts (1.1 ) (4.2 ) (1.1 ) Unamortized value of settled interest rate swaps 0.5 0.9 0.6 Pension and other postretirement costs (119.9 ) (158.3 ) (117.8 ) Accumulated other comprehensive loss $ (327.4 ) $ (224.3 ) $ (359.9 ) In conjunction with the adoption of ASU No. 2018-02 Income Statement – Reporting Comprehensive Income (Topic 220) – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, we reclassified $20.9 million of other comprehensive income, primarily associated with pension and other postretirement plans, from accumulated other comprehensive income to retained earnings effective December 1, 2017. The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the three months ended February 28, 2019 and 2018 (in millions): Three months ended Affected Line Items in the Condensed Consolidated Income Statement Accumulated Other Comprehensive Income (Loss) Components February 28, 2019 February 28, 2018 (Gains)/losses on cash flow hedges: Interest rate derivatives $ (0.1 ) $ (0.1 ) Interest expense Foreign exchange contracts (0.3 ) 1.1 Cost of goods sold Total before tax (0.4 ) 1.0 Tax effect 0.1 (0.2 ) Income taxes Net, after tax $ (0.3 ) $ 0.8 Amortization of pension and postretirement benefit adjustments: Amortization of prior service costs (credit) (1) $ (2.1 ) $ (1.7 ) Other income, net Amortization of net actuarial losses (1) 0.7 3.2 Other income, net Total before tax (1.4 ) 1.5 Tax effect 0.3 (0.3 ) Income taxes Net, after tax $ (1.1 ) $ 1.2 (1) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details).

Business Segments

Business Segments	3 Months Ended
	Feb. 28, 2019
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS We operate in two business segments: consumer and flavor solutions. The consumer and flavor solutions segments manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products throughout the world. Our consumer segment sells to retail outlets, including grocery, mass merchandise, warehouse clubs, discount and drug stores under the “McCormick” brand and a variety of brands around the world, including “French’s”, “Frank’s RedHot”, “Lawry’s”, “Zatarain’s”, “Simply Asia”, “Thai Kitchen”, “Ducros”, “Vahine”, “Schwartz”, “Club House”, “Kamis”, “Kohinoor”, “DaQiao”, “Drogheria & Alimentari”, “Stubb's”, and “Gourmet Garden”. Our flavor solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors. In each of our segments, we produce and sell many individual products which are similar in composition and nature. With their primary attribute being flavor, we regard the products within each of our segments to be fairly homogenous. It is impracticable to segregate and identify sales and profits for each of these individual product lines. We measure segment performance based on operating income excluding special charges, as this activity is managed separately from the business segments, and transaction and integration expenses related to our acquisition of RB Foods, as these expenses are similarly managed separately from the business segments. These transaction and integration expenses excluded from our segment performance measure include the amortization of the acquisition-date fair value adjustment of inventories that is included in cost of goods sold, costs directly associated with that acquisition and costs associated with integrating the RB Foods business. Although the segments are managed separately due to their distinct distribution channels and marketing strategies, manufacturing and warehousing are often integrated to maximize cost efficiencies. We do not segregate jointly utilized assets by individual segment for internal reporting, evaluating performance or allocating capital. Because of manufacturing integration for certain products within the segments, products are not sold from one segment to another but rather inventory is transferred at cost. Intersegment sales are not material. Consumer Flavor Solutions Total (in millions) Three months ended February 28, 2019 Net sales $ 744.9 $ 486.6 $ 1,231.5 Operating income excluding special charges 135.3 63.7 199.0 Income from unconsolidated operations 7.9 2.2 10.1 Three months ended February 28, 2018 Net sales $ 744.6 $ 470.8 $ 1,215.4 Operating income excluding special charges and transaction and integration expenses 130.5 61.5 192.0 Income from unconsolidated operations 7.1 1.0 8.1 A reconciliation of operating income excluding special charges and, for the three months ended February 28, 2018, transaction and integration expenses, to operating income is as follows (in millions): Consumer Flavor Solutions Total Three months ended February 28, 2019 Operating income excluding special charges $ 135.3 $ 63.7 $ 199.0 Less: Special charges 1.5 0.6 2.1 Operating income $ 133.8 $ 63.1 $ 196.9 Three months ended February 28, 2018 Operating income excluding special charges and transaction and integration expenses $ 130.5 $ 61.5 $ 192.0 Less: Special charges 1.0 1.2 2.2 Less: Transaction and integration expenses 5.8 2.9 8.7 Operating income $ 123.7 $ 57.4 $ 181.1 The following table sets forth our net sales, geographic area, for the three months ended February 28, 2019 and 2018 (in million): Americas EMEA Asia/Pacific Total Three months ended February 28, 2019 $ 807.0 $ 242.8 $ 181.7 $ 1,231.5 Three months ended February 28, 2018 776.4 251.5 187.5 1,215.4

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Feb. 28, 2019
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all the information and notes required by United States generally accepted accounting principles (U.S. GAAP) for complete financial statements. In our opinion, the accompanying condensed consolidated financial statements contain all adjustments, which are of a normal and recurring nature, necessary to present fairly the financial position and the results of operations for the interim periods presented. We made an immaterial adjustment to the accompanying Condensed Consolidated Statement of Comprehensive Income for the three months ended February 28, 2018, which increased currency translation adjustments by $0.3 million to $62.0 million and increased comprehensive income by $0.3 million to $499.9 million , to conform to the presentation included in the Consolidated Statement of Comprehensive Income included in our Annual Report on Form 10-K for the year ended November 30, 2018. The results of consolidated operations for the three -month period ended February 28, 2019 are not necessarily indicative of the results to be expected for the full year. Historically, our net sales, net income and cash flow from operations are lower in the first half of the fiscal year and increase in the second half. The typical increase in net sales, net income and cash flow from operations in the second half of the year is largely due to the consumer business cycle in the U.S., where customers typically purchase more products in the fourth quarter due to the Thanksgiving and Christmas holiday seasons. For further information, refer to the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended November 30, 2018 . Significant Accounting Policies The following significant accounting policies were updated in 2019 to reflect changes upon our adoption of ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) (the “Revenue Recognition ASU”), ASU No. 2017-07 Compensation – Retirement Benefits (Topic 715) – Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (the “Pension ASU”), and ASU No. 2017-12 Derivatives and Hedging (Topic 815) – Targeted Improvements to Accounting for Hedging Activities . Revenue Recognition We manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry – retailers, food manufacturers and foodservice businesses. We recognize sales as performance obligations are fulfilled when control passes to the customer. Revenues are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. Any taxes collected on behalf of government authorities are excluded from net sales. We account for product shipping and handling as fulfillment activities with costs for these activities recorded within cost of goods sold. Amounts billed and due from our customers are classified as accounts receivable on the balance sheet and require payment on a short-term basis. Our allowance for doubtful accounts represents our estimate of probable non-payments and credit losses in our existing receivables, as determined based on a review of past due balances and other specific account data. Performance Obligations Our revenues primarily result from contracts or purchase orders with customers, which are generally short-term in nature. The Company assesses the goods and services promised in its customers’ contracts or purchase orders and identifies a performance obligation for each promise to transfer a good or service (or bundle of goods or services) that is distinct. To identify the performance obligations, the Company considers all the goods or services promised, whether explicitly stated or implied based on customary business practices. Significant Judgments Sales are recorded net of trade and sales incentives and estimated product returns. Known or expected pricing or revenue adjustments, such as trade discounts, rebates or returns, are estimated at the time of sale. Where applicable, future reimbursements are estimated based on a combination of historical patterns and future expectations regarding these programs. Key sales terms, such as pricing and quantities ordered, are established on a frequent basis such that most customer arrangements and related incentives have a one-year or shorter duration. Estimates that affect revenue, such as trade incentives and product returns, are monitored and adjusted each period until the incentives or product returns are realized. The adjustments recognized during the three months ended February 28, 2019 and 2018 resulting from updated estimates of revenue for prior year product sales were not significant. The unsettled portion remaining in accrued liabilities for these activities was $109.3 million and $142.1 million at February 28, 2019 and November 30, 2018, respectively. Other contract balances recognized in the current period that are not the result of current period performance are not material. Other In each of our segments, we produce and sell many individual products which are similar in composition and nature. With their primary attribute being flavor, we regard the products within each of our segments to be fairly homogenous. Our business segments each sell to similar channels and customers. See Note 11 for revenues reported by business segment, which is consistent with how we organize and manage our operations, and for revenues reported by geographic region. Practical Expedients As more fully described below, we adopted the Revenue Recognition ASU in the first quarter of 2019 using the full retrospective method, including applying the following policy elections and practical expedients upon that adoption: • Shipping and handling costs – The Company elected to account for shipping and handling activities that occur before the customer has obtained control of a good as fulfillment activities (i.e., an expense) rather than as a promised service. • Measurement of transaction price – The Company has elected to exclude from the measurement of transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer for sales, value added and other excise taxes. • Incremental cost of obtaining a contract – The Company elected to expense any incremental costs of obtaining a contract if the contract is for a period of one year or less. Shipping and Handling Shipping and handling costs on our products sold to customers related to activities that occur before the customer has obtained control of a good are included in cost of goods sold in the consolidated income statement. Brand Marketing Support Total brand marketing support costs are included in selling, general and administrative expense in the consolidated income statement. Brand marketing support costs include advertising and promotions but exclude trade funds paid to customers for such activities. All trade funds paid to customers are reflected in the consolidated income statement as a reduction of net sales. Promotion costs include public relations, shopper marketing, social marketing activities, general consumer promotion activities and depreciation of assets used in these promotional activities. Advertising costs include the development, production and communication of advertisements through television, digital, print and radio. Development and production costs are expensed in the period in which the advertisement is first run. All other costs of advertising are expensed as incurred. Derivative Instruments We record all derivatives on the balance sheet at fair value. The fair value of derivative instruments is recorded in other current assets, other assets, other accrued liabilities or other liabilities. Gains and losses representing either hedge ineffectiveness, hedge components excluded from the assessment of effectiveness, or hedges of translational exposure are recorded in the consolidated income statement in other income (expense), net or interest expense. In the consolidated cash flow statement, settlements of cash flow and fair value hedges are classified as an operating activity; settlements of all other derivative instruments, including instruments for which hedge accounting has been discontinued, are classified consistent with the nature of the instrument. Cash flow hedges. Qualifying derivatives are accounted for as cash flow hedges when the hedged item is a forecasted transaction. Gains and losses on these instruments are recorded in accumulated other comprehensive income (loss) until the underlying transaction is recorded in earnings. When the hedged item is realized, gains or losses are reclassified from accumulated other comprehensive income (loss) to the consolidated income statement on the same line item as the underlying transaction. Fair value hedges. Qualifying derivatives are accounted for as fair value hedges when the hedged item is a recognized asset, liability, or firm commitment. Gains and losses on these instruments are recorded in earnings, offsetting gains and losses on the hedged item. Net investment hedges. Qualifying derivative and nonderivative financial instruments are accounted for as net investment hedges when the hedged item is a nonfunctional currency investment in a subsidiary. Gains and losses on these instruments are included in foreign currency translation adjustments in accumulated other comprehensive income (loss).
Accounting and disclosure charges	Accounting Pronouncements Adopted in 2019 We elected to adopt the Revenue Recognition ASU on a full retrospective basis. We adopted the Pension ASU on a retrospective basis as required by the standard. These new accounting standards are summarized below. In May 2014, the FASB issued the Revenue Recognition ASU, which supersedes previously existing revenue recognition guidance. Under this new guidance, companies apply a principles-based five-step model to recognize revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration for which the company expects to be entitled to in exchange for those goods or services. The model encompasses the following steps: (1) determination of whether a contract - an agreement between two or more parties that creates legally enforceable rights and obligations - exists; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when (or as) the performance obligation is satisfied. The new revenue recognition guidance allows companies to account for shipping and handling activities that occur before and after the customer has obtained control of a product as fulfillment activities rather than as a promised service; and we applied this accounting policy election. In addition, the new revenue guidance requires that customer payments be accounted for as a reduction in the transaction price unless the payment to a customer is in exchange for a distinct good or service. The adoption of this standard did not have and is not expected to have an effect on the timing of our revenue recognition. Upon adoption of the Revenue Recognition ASU in fiscal 2019, we made the following changes to our revenue recognition accounting policy and disclosure practices. We classify shipping and handling expenses as a component of cost of goods sold, rather than our prior practice of recording these costs as a component of selling, general and administrative expense. Also, we classify all payments to direct and indirect customers, including certain trade funds used for cooperative advertising and displays, as a reduction of revenue. Prior to our adoption of the Revenue Recognition ASU, we presented certain of those payments as brand marketing support costs and included these payments as a component of selling, general and administrative expense. There was no effect on operating income, net income, or basic and diluted earnings per share upon our adoption of the Revenue Recognition ASU in 2019. In March 2017, the FASB issued the Pension ASU. This guidance revises how employers that sponsor defined benefit pension and other postretirement plans present the net periodic benefit cost in their income statement and requires that the service cost component of net periodic benefit cost be presented in the same income statement line items as other employee compensation costs from services rendered during the period. Of the components of net periodic benefit cost, only the service cost component is eligible for asset capitalization. The other components of the net periodic benefit cost must be presented separately from the line items that include the service cost and outside of any subtotal of operating income on the income statement. The new standard was adopted as of December 1, 2018 and has been applied on a retrospective basis. Adoption of the new standard solely impacts classification within our consolidated income statement, with no change to net income or basic and diluted earnings per share. The adoption of the Revenue Recognition ASU and the Pension ASU, on a retrospective basis, impacted our previously reported results for the three months ended February 28, 2018 as follows: Accounting Changes Previously Reported Revenue Recognition (1) Pension Recast (1) Net sales $ 1,237.1 $ (21.7 ) $ — $ 1,215.4 Cost of goods sold 717.1 37.3 0.6 755.0 Gross profit 520.0 (59.0 ) (0.6 ) 460.4 Selling, general and administrative expense 325.4 (59.0 ) 2.0 268.4 Operating income 183.7 — (2.6 ) 181.1 Other income, net 1.5 — 2.6 4.1 (1) Amounts reflected in these columns have been reclassified from the corresponding amounts included in the Form 8-K that we furnished on March 11, 2019. This reclassification is a revision of the recast of previously reported historical information associated with our retrospective adoption of the Revenue Recognition ASU and Pension ASU in the first quarter of 2019, as follows: (i) decreased cost of goods sold by $4.2 million , with a resultant increase in gross profit by $4.2 million ; and (ii) increased selling, general and administrative expense by $4.2 million . We adopted the following new accounting standards in the first quarter of 2019 on a prospective basis: In August 2017, the FASB issued ASU No. 2017-12 Derivatives and Hedging (Topic 815) — Targeted Improvements to Accounting for Hedging Activities . This guidance eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires, for qualifying hedges, the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The guidance also modifies the accounting for components excluded from the assessment of hedge effectiveness, eases documentation and assessment requirements and modifies certain disclosure requirements. The new standard is effective for the first quarter of our fiscal year ending November 30, 2020, with early adoption permitted in any interim period or fiscal year before the effective date. We have elected to adopt this guidance effective December 1, 2018. There was no material impact to our financial statements upon adoption. In October 2016, the FASB issued ASU No. 2016-16 Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory. The ASU eliminates the deferral of the tax effects of intra-entity asset transfers other than inventory. As a result, the tax expense from the intercompany sale of assets, other than inventory, and associated changes to deferred taxes will be recognized when the sale occurs even though the pre-tax effects of the transaction have not been recognized. This new standard was effective beginning in fiscal year 2019 and is required to be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of December 1, 2018, the first day of our fiscal year 2019. There was no cumulative-effect adjustment upon adoption. As more fully disclosed in note 8, during the three months ended February 28, 2019, we recognized a discrete tax benefit of $16.2 million under the provisions of this standard. The on-going effect of the adoption of the standard will depend on the nature and amount of future transactions. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805) — Clarifying the Definition of a Business. This guidance changes the definition of a business to assist entities in evaluating when a set of transferred assets and activities constitutes a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of transferred assets and activities is not a business. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs by more closely aligning it with how outputs are described in the Revenue Recognition ASU . The new standard is effective for the first quarter of our fiscal year ending November 30, 2019. We currently cannot estimate the impact that adoption of this ASU will have on our financial statements and related disclosures as its application is dependent on the facts and circumstances of individual transactions. In August 2018, the U.S. Securities and Exchange Commission ("SEC") adopted the final rule under SEC Release No. 33-10532 Disclosure Update and Simplification , to eliminate or modify certain disclosure rules that are redundant, outdated, or duplicative of U.S. GAAP or other regulatory requirements. Among other changes, the amendments eliminated the annual requirement to disclose the high and low trading prices of our common stock. In addition, the amendments provide that disclosure requirements related to the analysis of shareholders' equity are expanded for interim financial statements. An analysis of the changes in each caption of shareholders' equity presented in the balance sheet must be provided in a note or separate statement, as well as the amount of dividends per share for each class of shares, and we have provided this disclosure beginning in the first quarter of 2019. Recently Issued Accounting Pronouncements — Pending Adoption In January 2017, the FASB issued ASU No. 2017-04 Intangibles — Goodwill and Other Topics (Topic 350) — Simplifying the Test for Goodwill Impairment. This guidance eliminates the requirement to calculate the implied fair value of goodwill of a reporting unit to measure a goodwill impairment charge. Instead, a company will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The new standard will be effective for the first quarter of our fiscal year ending November 30, 2021. Early adoption is permitted for all entities for annual and interim goodwill impairment testing dates after January 1, 2017. While we are still evaluating the timing of adoption, we currently do not expect this guidance to have a material impact on our financial statements. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842). This guidance revises existing practice related to accounting for leases under Accounting Standards Codification Topic 840 Leases (ASC 840) for both lessees and lessors. Our leases principally relate to: (i) certain real estate, including that related to a number of administrative, distribution and manufacturing locations, and, beginning in May 2018, to our new headquarters building; (ii) certain machinery and equipment, including a corporate airplane and automobiles; and (iii) certain software. The new guidance in ASU No. 2016-02 requires lessees to recognize a right-of-use asset and a lease liability for virtually all leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of-use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC 840, requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC 840) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC 840). In July 2018, the FASB issued ASU No. 2018-11 Leases (Topic 842) Targeted Improvements which provides an additional transition method that allows entities to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without restating prior periods. The new standard will be effective for the first quarter of our fiscal year ending November 30, 2020. We intend to adopt the requirements of the new standard via a cumulative-effect adjustment without restating prior periods. Based on our assessment to date, we expect that the adoption of ASU No. 2016-02 will not have a material effect on our results of operations but will result in an increase in lease-related assets and liabilities recognized in our Consolidated Balance Sheets. We are unable to quantify the amount of that increase at this time.

Accounting Policies (Tables)

Accounting Policies (Tables)	3 Months Ended
	Feb. 28, 2019
Accounting Policies [Abstract]
Schedule of Change in Accounting Policy	he adoption of the Revenue Recognition ASU and the Pension ASU, on a retrospective basis, impacted our previously reported results for the three months ended February 28, 2018 as follows: Accounting Changes Previously Reported Revenue Recognition (1) Pension Recast (1) Net sales $ 1,237.1 $ (21.7 ) $ — $ 1,215.4 Cost of goods sold 717.1 37.3 0.6 755.0 Gross profit 520.0 (59.0 ) (0.6 ) 460.4 Selling, general and administrative expense 325.4 (59.0 ) 2.0 268.4 Operating income 183.7 — (2.6 ) 181.1 Other income, net 1.5 — 2.6 4.1

Acquisitions Acquisitions (Tabl

Acquisitions Acquisitions (Tables)	3 Months Ended
	Feb. 28, 2019
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following are the transaction and integration expenses related to the RB Foods acquisition that we have recorded for the three months ended February 28, 2018 (in millions): Transaction expenses $ 0.2 Integration expenses 8.5 Total $ 8.7

Special Charges (Tables)

Special Charges (Tables)	3 Months Ended
	Feb. 28, 2019
Segment Reporting Information [Line Items]
Special Charges Summary [Table Text Block]	The following is a summary of special charges recognized in the three months ended February 28, 2019 and 2018 (in millions): 2019 2018 Employee severance benefits and related costs $ 0.6 $ 0.4 Other costs 1.5 1.8 Total $ 2.1 $ 2.2
Special Charges Summary by Segment [Table Text Block]	The following is a breakdown by business segments of special charges for the three months ended February 28, 2019 and 2018 (in millions): 2019 2018 Consumer segment $ 1.5 $ 1.0 Flavor solutions segment 0.6 1.2 Total special charges $ 2.1 $ 2.2

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Feb. 28, 2019
Fair values of derivative instruments on balance sheet	The following table discloses the notional amount and fair values of derivative instruments on our balance sheet (in millions): As of February 28, 2019 Asset Derivatives Liability Derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value Interest rate contracts Other current assets $ 250.0 $ 0.1 Other accrued liabilities $ 100.0 $ 4.0 Foreign exchange contracts Other current assets 343.0 3.2 Other accrued liabilities 204.8 4.8 Cross currency contracts — — Other long-term liabilities 509.8 9.2 Total $ 3.3 $ 18.0 As of February 28, 2018 Asset Derivatives Liability Derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value Interest rate contracts Other current assets $ — $ — Other accrued liabilities $ 100.0 $ 5.7 Foreign exchange contracts Other current assets 307.4 11.0 Other accrued liabilities 109.7 4.8 Total $ 11.0 $ 10.5 As of November 30, 2018 Asset Derivatives Liability Derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value Interest rate contracts Other current assets $ — $ — Other accrued liabilities $ 100.0 $ 6.4 Foreign exchange contracts Other current assets 199.5 4.4 Other accrued liabilities 295.4 6.4 Total $ 4.4 $ 12.8
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement	Net Investment Hedges Three months ended February 28, Derivative Gain or (loss) Income Gain or (loss) 2019 2018 2019 2018 Cross currency contracts $ (9.5 ) $ — Interest $ 0.3 $ —
Fair Value Hedging
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement	The following tables disclose the impact of derivative instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our consolidated income statement for the three -month period ended February 28, 2019 and 2018 (in millions): Fair Value Hedges Three months ended February 28, Derivative Income statement location Income (expense) 2019 2018 Interest rate contracts Interest expense $ 0.2 $ 0.1 Income statement location Gain (loss) recognized in income Income statement location Gain (loss) recognized in income Derivative 2019 2018 Hedged item 2019 2018 Foreign exchange contracts Other income, net $ 1.7 $ (2.2 ) Intercompany loans Other income, net $ (1.8 ) $ 2.0
Cash Flow Hedging
Impact of fair value and cash flow hedges on other comprehensive income, accumulated other comprehensive income and income statement	Cash Flow Hedges Three months ended February 28, Derivative Gain or (loss) Income Gain or (loss) 2019 2018 2019 2018 Interest rate contracts $ — $ — Interest expense $ 0.1 $ 0.1 Foreign exchange contracts (1.2 ) (1.2 ) Cost of goods sold 0.3 (1.1 ) Total $ (1.2 ) $ (1.2 ) $ 0.4 $ (1.0 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Feb. 28, 2019
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on recurring basis	Our population of financial assets and liabilities subject to fair value measurements on a recurring basis are as follows (in millions): February 28, 2019 Fair Value Level 1 Level 2 Assets Cash and cash equivalents $ 102.3 $ 102.3 $ — Insurance contracts 111.5 — 111.5 Bonds and other long-term investments 8.1 8.1 — Interest rate derivatives 0.1 — 0.1 Foreign currency derivatives 3.2 — 3.2 Total $ 225.2 $ 110.4 $ 114.8 Liabilities Foreign currency derivatives $ 4.8 $ — $ 4.8 Interest rate derivatives 4.0 — 4.0 Cross currency contracts 9.2 — 9.2 Total $ 18.0 $ — $ 18.0 February 28, 2018 Fair Value Level 1 Level 2 Assets Cash and cash equivalents $ 179.6 $ 179.6 $ — Insurance contracts 119.6 — 119.6 Bonds and other long-term investments 6.5 6.5 — Foreign currency derivatives 11.0 — 11.0 Total $ 316.7 $ 186.1 $ 130.6 Liabilities Foreign currency derivatives $ 4.8 $ — $ 4.8 Interest rate derivatives 5.7 — 5.7 Total $ 10.5 $ — $ 10.5 November 30, 2018 Fair Value Level 1 Level 2 Assets Cash and cash equivalents $ 96.6 $ 96.6 $ — Insurance contracts 118.0 — 118.0 Bonds and other long-term investments 2.8 2.8 — Foreign currency derivatives 4.4 — 4.4 Total $ 221.8 $ 99.4 $ 122.4 Liabilities Foreign currency derivatives $ 6.4 $ — $ 6.4 Interest rate derivatives 6.4 — 6.4 Total $ 12.8 $ — $ 12.8
Fair Value, by Balance Sheet Grouping	The following table sets forth the carrying amounts and fair values of our long-term debt (including the current portion thereof) at February 28, 2019, February 28, 2018 and November 30, 2018 (in millions): February 28, 2019 February 28, 2018 November 30, 2018 Carrying amount $ 4,119.8 $ 4,454.2 $ 4,136.4 Fair value 4,068.8 4,452.5 4,039.4 Level 1 valuation techniques $ 3,222.2 $ 3,264.7 $ 3,172.7 Level 2 valuation techniques 846.6 1,187.8 866.7 Total fair value $ 4,068.8 $ 4,452.5 $ 4,039.4

Employee Benefit and Retireme_2

Employee Benefit and Retirement Plans (Tables)	3 Months Ended
	Feb. 28, 2019
Retirement Benefits [Abstract]
Schedule of defined benefit plans disclosures	The following table presents the components of our pension expense of the defined benefit plans for the three months ended February 28, 2019 and 2018 (in millions): United States International 2019 2018 2019 2018 Defined benefit plans Service cost $ 0.5 $ 4.4 $ 0.9 $ 1.1 Interest costs 8.6 7.9 2.4 2.4 Expected return on plan assets (10.6 ) (10.8 ) (4.1 ) (4.2 ) Amortization of prior service costs 0.1 — — 0.5 Amortization of net actuarial losses 0.6 2.5 0.3 0.7 Total pension expense $ (0.8 ) $ 4.0 $ (0.5 ) $ 0.5
Schedule of costs of retirement plans	The following table presents the components of our other postretirement benefits expense (in millions): Three months ended February 28, 2019 2018 Other postretirement benefits Service cost $ 0.5 $ 0.6 Interest costs 0.7 0.6 Amortization of prior service credits (2.2 ) (2.2 ) Amortization of net actuarial gains (0.2 ) — Total other postretirement benefits expense $ (1.2 ) $ (1.0 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Feb. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Based Compensation in Selling, General and Administrative Expense	The following table sets forth the stock-based compensation expense recorded in selling, general and administrative (SG&A) expense (in millions): Three months ended February 28, 2019 2018 Stock-based compensation expense $ 6.7 $ 4.3
Summary of Option Activity	The following is a summary of our stock option activity for the three months ended February 28, 2019 and 2018 : 2019 2018 (shares in millions) Number of Shares Weighted- Average Exercise Price Number of Shares Weighted- Average Exercise Price Outstanding at beginning of period 3.6 $ 82.60 4.8 $ 71.91 Exercised (0.1 ) 63.07 (0.3 ) 54.84 Outstanding at end of the period 3.5 $ 83.04 4.5 $ 73.04 Exercisable at end of the period 2.7 $ 77.11 3.5 $ 66.37
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The following is a summary of our RSU activity for the three months ended February 28, 2019 and 2018 : 2019 2018 (shares in thousands) Number of Shares Weighted- Average Grant-Date Fair Value Number of Shares Weighted- Average Grant-Date Fair Value Outstanding at beginning of period 423 $ 103.05 267 $ 86.47 Granted — — 31 95.60 Vested (3 ) 95.64 (1 ) 75.99 Forfeited (2 ) 99.36 (4 ) 93.66 Outstanding at end of period 418 $ 103.12 293 $ 87.40
Schedule of Share Based Compensation, Performance Shares, Activity	The following is a summary of our LTPP activity for the three months ended February 28, 2019 and 2018 : 2019 2018 (shares in thousands) Number of Shares Weighted- Average Grant-Date Fair Value Number of Shares Weighted- Average Grant-Date Fair Value Outstanding at beginning of period 218 $ 83.55 220 $ 84.31 Granted 102 150.51 86 101.90 Vested (57 ) 86.40 (59 ) 74.02 Outstanding at end of period 263 $ 117.14 247 $ 92.91

Earnings Per Share and Stock _2

Earnings Per Share and Stock Issuances (Tables)	3 Months Ended
	Feb. 28, 2019
Earnings Per Share, Basic and Diluted [Abstract]
Reconciliation of average shares outstanding	The following table sets forth the reconciliation of average shares outstanding (in millions): Three months ended February 28, 2019 February 28, 2018 Average shares outstanding – basic 132.2 131.2 Effect of dilutive securities: Stock options/RSUs/LTPP 1.6 1.7 Average shares outstanding – diluted 133.8 132.9
Anti-dilutive securities not considered in earnings per share calculation	The following table sets forth the stock options and RSUs for the three months ended February 28, 2019 and 2018 that were not considered in our earnings per share calculation since they were anti-dilutive (in millions): 2019 2018 Anti-dilutive securities 0.1 0.4
Common stock activity	The following table sets forth the common stock activity for the three months ended February 28, 2019 and 2018 (in millions): 2019 2018 Shares issued, net of shares withheld for taxes, under stock options, RSUs, LTPP and employee stock purchase plans 0.1 0.3 Shares repurchased under the stock repurchase program 0.2 0.2

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Feb. 28, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	The following table sets forth the components of accumulated other comprehensive income (loss), net of tax, where applicable (in millions): February 28, 2019 February 28, 2018 November 30, 2018 Foreign currency translation adjustment $ (206.9 ) $ (62.7 ) $ (241.6 ) Unrealized loss on foreign currency exchange contracts (1.1 ) (4.2 ) (1.1 ) Unamortized value of settled interest rate swaps 0.5 0.9 0.6 Pension and other postretirement costs (119.9 ) (158.3 ) (117.8 ) Accumulated other comprehensive loss $ (327.4 ) $ (224.3 ) $ (359.9 )
Reclassification out of Accumulated Other Comprehensive Income	The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the three months ended February 28, 2019 and 2018 (in millions): Three months ended Affected Line Items in the Condensed Consolidated Income Statement Accumulated Other Comprehensive Income (Loss) Components February 28, 2019 February 28, 2018 (Gains)/losses on cash flow hedges: Interest rate derivatives $ (0.1 ) $ (0.1 ) Interest expense Foreign exchange contracts (0.3 ) 1.1 Cost of goods sold Total before tax (0.4 ) 1.0 Tax effect 0.1 (0.2 ) Income taxes Net, after tax $ (0.3 ) $ 0.8 Amortization of pension and postretirement benefit adjustments: Amortization of prior service costs (credit) (1) $ (2.1 ) $ (1.7 ) Other income, net Amortization of net actuarial losses (1) 0.7 3.2 Other income, net Total before tax (1.4 ) 1.5 Tax effect 0.3 (0.3 ) Income taxes Net, after tax $ (1.1 ) $ 1.2 (1) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details).

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Feb. 28, 2019
Segment Reporting [Abstract]
Business segments	Consumer Flavor Solutions Total (in millions) Three months ended February 28, 2019 Net sales $ 744.9 $ 486.6 $ 1,231.5 Operating income excluding special charges 135.3 63.7 199.0 Income from unconsolidated operations 7.9 2.2 10.1 Three months ended February 28, 2018 Net sales $ 744.6 $ 470.8 $ 1,215.4 Operating income excluding special charges and transaction and integration expenses 130.5 61.5 192.0 Income from unconsolidated operations 7.1 1.0 8.1
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	A reconciliation of operating income excluding special charges and, for the three months ended February 28, 2018, transaction and integration expenses, to operating income is as follows (in millions): Consumer Flavor Solutions Total Three months ended February 28, 2019 Operating income excluding special charges $ 135.3 $ 63.7 $ 199.0 Less: Special charges 1.5 0.6 2.1 Operating income $ 133.8 $ 63.1 $ 196.9 Three months ended February 28, 2018 Operating income excluding special charges and transaction and integration expenses $ 130.5 $ 61.5 $ 192.0 Less: Special charges 1.0 1.2 2.2 Less: Transaction and integration expenses 5.8 2.9 8.7 Operating income $ 123.7 $ 57.4 $ 181.1
Schedule of Disclosure on Geographic Areas	The following table sets forth our net sales, geographic area, for the three months ended February 28, 2019 and 2018 (in million): Americas EMEA Asia/Pacific Total Three months ended February 28, 2019 $ 807.0 $ 242.8 $ 181.7 $ 1,231.5 Three months ended February 28, 2018 776.4 251.5 187.5 1,215.4

Accounting Policies Accounting

Accounting Policies Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2018
Summary Of Significant Accounting Policies [Line Items]
Currency translation adjustments	$ 36.7	$ 62
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	180.9	499.9
Sales Allowances Current	$ 109.3		$ 142.1
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification		20.9
Adjustment
Summary Of Significant Accounting Policies [Line Items]
Currency translation adjustments		0.3
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		$ 0.3

Accounting Policies - Adjustmen

Accounting Policies - Adjustments for Adoption in Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 1,231.5	$ 1,215.4
Cost of goods sold	764.6	755
Gross profit	(466.9)	(460.4)
Selling, general and administrative expense	(267.9)	(268.4)
Operating income	196.9	181.1
Other income, net	$ 6.1	4.1
Revenue Recognition
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold		4.2
Gross profit		4.2
Selling, general and administrative expense		4.2
Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales		1,237.1
Cost of goods sold		717.1
Gross profit		(520)
Selling, general and administrative expense		(325.4)
Operating income		183.7
Other income, net		1.5
Adjustment | Revenue Recognition
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales		(21.7)
Cost of goods sold		37.3
Gross profit		59
Selling, general and administrative expense		59
Operating income		0
Other income, net		0
Adjustment | Pension
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales		0
Cost of goods sold		0.6
Gross profit		0.6
Selling, general and administrative expense		(2)
Operating income		(2.6)
Other income, net		$ 2.6

Acquisitions - Business Acquisi

Acquisitions - Business Acquisitions (Details) - RB Foods - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2017
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 4,210
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents			$ 24.3
Working Capital Adjustments	$ 4.2
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed	$ 8.7

Acquisitions - Cost Expensed (D

Acquisitions - Cost Expensed (Details) - RB Foods $ in Millions	3 Months Ended
	Feb. 28, 2018USD ($)
Business Acquisition [Line Items]
Transaction expenses included in cost of goods sold	$ 0.2
Integration expenses	8.5
Total	$ 8.7

Special Charges (Details)

Special Charges (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2018	Nov. 30, 2017
Special Charges [Line Items]
Special charges	$ 2.1	$ 2.2
CHINA
Special Charges [Line Items]
Special charges		0.2
Asia Pacific
Special Charges [Line Items]
Special charges		0.7
Employee Severance Charges [Member]
Special Charges [Line Items]
Special charges	0.6	0.4
Other exit costs [Member]
Special Charges [Line Items]
Special charges	1.5	1.8
GE_Project [Member]
Special Charges [Line Items]
Special charges		1.3	$ 11.5	$ 12.7
Severance Costs	0.6
Other Restructuring Costs	0.5
Business Exit Costs	1
GE_Project [Member] | Minimum [Member]
Special Charges [Line Items]
Special charges	55
Expected cost savings special charges	30
GE_Project [Member] | Maximum [Member]
Special Charges [Line Items]
Special charges	65
Expected cost savings special charges	40
Total plan expenses [Member]
Special Charges [Line Items]
Special charges	15
Total plan expenses [Member] | Asia Pacific
Special Charges [Line Items]
Special charges	3
Total plan expenses [Member] | GE_Project [Member]
Special Charges [Line Items]
Special charges	12
total special charges [Member]
Special Charges [Line Items]
Special charges	2.1	2.2
Special charges cash paid	1.5
Consumer
Special Charges [Line Items]
Special charges	1.5	1
Consumer | total special charges [Member]
Special Charges [Line Items]
Special charges	1.5	1
Flavor Solutions
Special Charges [Line Items]
Special charges	0.6	1.2
Flavor Solutions | total special charges [Member]
Special Charges [Line Items]
Special charges	$ 0.6	$ 1.2

Financial Instruments - Additio

Financial Instruments - Additional Information (Details)	3 Months Ended
	Feb. 28, 2019USD ($)	Feb. 28, 2018USD ($)	Feb. 28, 2019EUR (€)	Feb. 28, 2019GBP (£)	Feb. 28, 2019USD ($)	Nov. 30, 2018USD ($)
Debt Instrument [Line Items]
Total derivative assets, Fair Value		$ 11,000,000			$ 3,300,000	$ 4,400,000
Maximum time frame for foreign exchange contracts, months	18 months
Amount of accumulated other comprehensive income expected to be reclassified to earnings in next 12 months					500,000
Fair Value Hedging | Foreign exchange contracts
Debt Instrument [Line Items]
Derivative, Notional Amount					441,200,000
Net Investment Hedging | Cross currency contracts
Debt Instrument [Line Items]
Derivative, Notional Amount					250,000,000
Total derivative assets, Fair Value					250,000,000
Derivative, Collateral, Obligation to Return Cash | £				£ 194,100,000
Net Investment Hedging | Cross currency contract II
Debt Instrument [Line Items]
Derivative, Notional Amount | £				194,100,000
Total derivative assets, Fair Value | £				£ 194,100,000
Derivative, Collateral, Obligation to Return Cash | €			€ 221,800,000
Other Income | Fair Value Hedging | Foreign exchange contracts
Debt Instrument [Line Items]
Foreign Currency Transaction Gain (Loss), Realized	$ 1,700,000	(2,200,000)
Other Income | Fair Value Hedging | Loans Payable
Debt Instrument [Line Items]
Foreign Currency Transaction Gain (Loss), Realized	$ (1,800,000)	$ 2,000,000
Interest Rate Swap | Treasury Lock [Member]
Debt Instrument [Line Items]
Derivative, Notional Amount					$ 350,000,000
Five Point Seven Five Notes Due On Two Thousand Seventeen [Member]
Debt Instrument [Line Items]
Stated Note interest rate		5.75%
Debt Instrument, Annual Principal Payment		$ 250,000,000
Term Loan Due 2020
Debt Instrument [Line Items]
Debt Instrument, Annual Principal Payment		$ 50,000,000
Three Point Two Five Zero Notes Due On Two Thousand Twenty Five [Member]
Debt Instrument [Line Items]
Stated Note interest rate			3.25%	3.25%	3.25%
Three Point Two Five Zero Notes Due On Two Thousand Twenty Five [Member] | Interest Rate Swap | Treasury Lock [Member]
Debt Instrument [Line Items]
Derivative, Notional Amount					$ 100,000,000
Derivative, Fixed Interest Rate			3.25%	3.25%	3.25%
Derivative, Basis Spread on Variable Rate			1.22%	1.22%	1.22%
Minimum [Member] | Term Loan Due Two Thousand Twenty Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Annual Principal Payment					$ 18,800,000
United States LIBOR | Net Investment Hedging | Cross currency contracts
Debt Instrument [Line Items]
Derivative, Variable Interest Rate			0.685%	0.685%	0.685%
Great Britain LIBOR | Net Investment Hedging | Cross currency contracts
Debt Instrument [Line Items]
Derivative, Variable Interest Rate			0.74%	0.74%	0.74%
Great Britain LIBOR | Net Investment Hedging | Cross currency contract II
Debt Instrument [Line Items]
Derivative, Variable Interest Rate			0.74%	0.74%	0.74%
EURIBOR | Net Investment Hedging | Cross currency contract II
Debt Instrument [Line Items]
Derivative, Variable Interest Rate			0.808%	0.808%	0.808%

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivative Instruments on Balance Sheet (Detail) - USD ($) $ in Millions	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total derivative assets, Fair Value	$ 3.3	$ 4.4	$ 11
Total derivative liabilities, Fair Value	18	12.8	10.5
Interest rate contracts | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate contracts, Fair Value	0.1	0	0
Derivative Asset, Notional Amount	250	0	0
Interest rate contracts | Other accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate contracts, Fair Value	4	6.4	5.7
Derivative Asset, Notional Amount	100	100	100
Foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment Foreign Currency, Contract, Foreign Currency Amount	547.8
Foreign exchange contracts | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Notional Amount	343	199.5	307.4
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net	3.2	4.4	11
Foreign exchange contracts | Other accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net	4.8	6.4	4.8
Notes subject to interest rate hedge	204.8	$ 295.4	$ 109.7
Cross currency contracts | Other accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net	9.2
Notes subject to interest rate hedge	509.8
Interest Rate Swap | Treasury Lock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Notional Amount	$ 350
Three Point Two Five Zero Notes Due On Two Thousand Twenty Five [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated Note interest rate	3.25%
Three Point Two Five Zero Notes Due On Two Thousand Twenty Five [Member] | Interest Rate Swap | Treasury Lock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Basis Spread on Variable Rate	1.22%
Derivative, Notional Amount	$ 100
Derivative, Fixed Interest Rate	3.25%
Three Point Two Five Zero Notes Due On Two Thousand Twenty Five [Member] | Interest Rate Swap 3.25% | Treasury Lock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Notional Amount	$ 100
Notes Payable	$ 250
Three Point Four Zero Notes Due Two Thousand Twenty Seven [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated Note interest rate	3.40%
Three Point Four Zero Notes Due Two Thousand Twenty Seven [Member] | Interest Rate Swap | Treasury Lock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Notional Amount	$ 250
Notes Payable	$ 750
Three Point Four Zero Notes Due Two Thousand Twenty Seven [Member] | Interest Rate Swap 3.40% | Treasury Lock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Basis Spread on Variable Rate	0.685%
Derivative, Notional Amount	$ 250
Derivative, Fixed Interest Rate	3.40%

Financial Instruments - Impact

Financial Instruments - Impact of Fair Value Hedges on Other Comprehensive Income, Accumulated Other Comprehensive Income and Income Statement (Details) - Fair Value Hedging - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Interest Expense | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Interest income (expense)	$ 0.2	$ 0.1
Other Income | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), Realized	1.7	(2.2)
Other Income | Loans Payable
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), Realized	$ (1.8)	$ 2

Financial Instruments - Impac_2

Financial Instruments - Impact of Cash Flow Hedges on Other Comprehensive Income, Accumulated Other Comprehensive Income and Income Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) recognized in OCI	$ (1.2)	$ (1.2)
Gain or (Loss) reclassified from AOCI	0.4	(1)
Cash Flow Hedging | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) recognized in OCI	0	0
Cash Flow Hedging | Interest rate contracts | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) reclassified from AOCI	0.1	0.1
Cash Flow Hedging | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) recognized in OCI	(1.2)	(1.2)
Cash Flow Hedging | Foreign exchange contracts | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) reclassified from AOCI	0.3	(1.1)
Net Investment Hedging | Cross currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) recognized in OCI	(9.5)	0
Net Investment Hedging | Cross currency contracts | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) reclassified from AOCI	$ 0.3	$ 0

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Feb. 28, 2019	Nov. 30, 2018	Feb. 28, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 4,119.8	$ 4,136.4	$ 4,454.2
Long-term debt, fair value	4,068.8	4,039.4	4,452.5
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	3,222.2	3,172.7	3,264.7
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	846.6	866.7	1,187.8
Recurring
Assets [Abstract]
Cash and cash equivalents	102.3	96.6	179.6
Insurance contracts	111.5	118	119.6
Bonds and other long-term investments	8.1	2.8	6.5
Interest Rate Derivative Assets, at Fair Value	0.1
Foreign currency derivatives	3.2	4.4	11
Assets, Fair Value Disclosure	225.2	221.8	316.7
Liabilities [Abstract]
Foreign currency derivatives	4.8	6.4	4.8
Interest rate derivatives	4	6.4	5.7
Cross currency contracts	9.2
Total	18	12.8	10.5
Recurring | Level 1
Assets [Abstract]
Cash and cash equivalents	102.3	96.6	179.6
Insurance contracts	0	0	0
Bonds and other long-term investments	8.1	2.8	6.5
Interest Rate Derivative Assets, at Fair Value	0
Foreign currency derivatives	0	0	0
Assets, Fair Value Disclosure	110.4	99.4	186.1
Liabilities [Abstract]
Foreign currency derivatives	0	0	0
Interest rate derivatives	0	0	0
Cross currency contracts	0
Total	0	0	0
Recurring | Level 2
Assets [Abstract]
Cash and cash equivalents	0	0	0
Insurance contracts	111.5	118	119.6
Bonds and other long-term investments	0	0	0
Interest Rate Derivative Assets, at Fair Value	0.1
Foreign currency derivatives	3.2	4.4	11
Assets, Fair Value Disclosure	114.8	122.4	130.6
Liabilities [Abstract]
Foreign currency derivatives	4.8	6.4	4.8
Interest rate derivatives	4	6.4	5.7
Cross currency contracts	9.2
Total	$ 18	$ 12.8	$ 10.5

Employee Benefit And Retireme_3

Employee Benefit And Retirement Plans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2017	Nov. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation, (Increase) Decrease for Settlement and Curtailment	$ 17.5
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	18
Payment for Pension Benefits	1.9	$ 5.9	$ 13.5
Pension and other postretirement costs	119.9	$ 158.3		$ 117.8
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation, (Increase) Decrease for Settlement and Curtailment	$ 17.5

Employee Benefit And Retireme_4

Employee Benefit And Retirement Plans - Components of Pension Expense of Defined benefit plans (Detail) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Defined Benefit Plan Disclosure [Line Items]
Other income, net	$ 6.1	$ 4.1
Defined Benefit Plan, Accumulated Benefit Obligation, (Increase) Decrease for Settlement and Curtailment	17.5
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	18
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.5	4.4
Interest costs	8.6	7.9
Expected return on plan assets	(10.6)	(10.8)
Amortization of prior service costs	0.1	0
Recognized net actuarial loss	0.6	2.5
Total pension expense	(0.8)	4
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation, (Increase) Decrease for Settlement and Curtailment	17.5
Service cost	0.9	1.1
Interest costs	2.4	2.4
Expected return on plan assets	(4.1)	(4.2)
Amortization of prior service costs	0	0.5
Recognized net actuarial loss	0.3	0.7
Total pension expense	(0.5)	0.5
Accounting Standards Update 2017-07 [Member]
Defined Benefit Plan Disclosure [Line Items]
Other income, net	$ 4.4	$ 2.6

Employee Benefit and Retireme_5

Employee Benefit and Retirement Plans - Components of Other Postretirement Benefit Expenses (Details) - Other Postretirement Benefit Plan - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.5	$ 0.6
Interest costs	0.7	0.6
Amortization of prior service costs	(2.2)	(2.2)
Defined Benefit Plan, Amortization of Gain (Loss)	0.2	0
Total other postretirement expense	$ (1.2)	$ (1)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended
	Feb. 28, 2019USD ($)award_type	Feb. 28, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation award types | award_type	3
Intrinsic value for all options outstanding	$ 187.2
Intrinsic value for exercisable options	158
Total Intrinsic Value of all options exercised	$ 5.9	$ 15.4

Stock-Based Compensation - Sell

Stock-Based Compensation - Selling, General and Administrative Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Share-based Compensation [Abstract]
Total stock-based compensation expense	$ 6.7	$ 4.3

Stock-Based Compensation - Rang

Stock-Based Compensation - Range of Assumptions for Various Stock Compensation Plans (Details)	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.00%	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.00%	0.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - Stock Options - $ / shares shares in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period, Number of Shares	3.6	4.8
Exercised, Number of Shares	0.1	0.3
Outstanding at end of period, Number of Shares	3.5	4.5
Excercisable at end of the period, Number of Shares	2.7	3.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of period, Weighted-Average Exercise Price	$ 82.60	$ 71.91
Exercised, Weighted-Average Exercise Price	63.07	54.84
Outstanding at end of period, Weighted-Average Exercise Price	83.04	73.04
Exercisable at end of the period, Weighted-Average Exercise Price	$ 77.11	$ 66.37

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) - $ / shares shares in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of period, Number of Shares	423	267
Granted, Number of Shares	0	31
Vested, Number of Shares	(3)	(1)
Forfeited, Number of Shares	(2)	(4)
Outstanding at end of period, Number of Shares	418	293
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning of period, Weighted-Average Grant-Date Fair Value	$ 103.05	$ 86.47
Granted, Weighted-Average Grant-Date Fair Value	0	95.60
Vested, Weighted-Average Grant-Date Fair Value	95.64	75.99
Forfeited, Weighted-Average Grant-Date Fair Value	99.36	93.66
Outstanding at end of period, Weighted-Average Grant-Date Fair Value	$ 103.12	$ 87.40

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of LTPP awards (Details) - Performance Shares - $ / shares shares in Thousands	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of period, Number of Shares	218	220
Granted, Number of Shares	102	86
Vested, Number of Shares	(57)	(59)
Outstanding at end of period, Number of Shares	263	247
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning of period, Weighted-Average Grant-Date Fair Value	$ 83.55	$ 84.31
Granted, Weighted-Average Grant-Date Fair Value	150.51	101.90
Vested, Weighted-Average Grant-Date Fair Value	86.40	74.02
Outstanding at end of period, Weighted-Average Grant-Date Fair Value	$ 117.14	$ 92.91

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2018	Nov. 30, 2017
Income Tax Examination [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%			35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 376.5
U.S. Tax Act, Incomplete Accounting, Transition Tax		72.3
U.S. Tax Act, Non-cash Income Tax Expense (Benefit)	$ 0	297.9	$ 301.5
U.S. Tax Act, Incomplete Accounting, Withholding Tax on Repatriation Earnings		6.3
Effective income tax rate reconciliation, tax credit, amount	17.6	303
Unrecognized tax benefits, reduction resulting from lapse of applicable statute of limitations		2.2
Domestic Tax Authority
Income Tax Examination [Line Items]
Shares issued, tax benefit	1.6	3.4
Foreign Tax Authority
Income Tax Examination [Line Items]
Effective income tax rate reconciliation, change in deferred tax assets valuation allowance, amount		$ 0.5
Accounting Standards Update 2016-16 [Member]
Income Tax Examination [Line Items]
Effective income tax rate reconciliation, tax credit, amount	$ (16.2)

Earnings Per Share and Stock _3

Earnings Per Share and Stock Issuances - Additional Information (Details) $ in Millions	Feb. 28, 2019USD ($)
Class of Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount	$ 96.4
Stock repurchase program, authorized amount	$ 600

Earnings Per Share and Stock _4

Earnings Per Share and Stock Issuances - Reconciliation of Average Shares Outstanding (Details) - shares shares in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Earnings Per Share, Basic and Diluted [Abstract]
Average shares outstanding - basic (shares)	132.2	131.2
Effect of dilutive securities: [Abstract]
Stock options/Restricted Stock Units (RSUs)/MTIP	1.6	1.7
Average shares outstanding-diluted	133.8	132.9

Earnings Per Share and Stock _5

Earnings Per Share and Stock Issuances - Antidilutive Securities not Considered in Earnings Per Share Calculation (Details) - shares shares in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Earnings Per Share, Basic and Diluted [Abstract]
Anti-dilutive securities	0.1	0.4

Earnings Per Share and Stock _6

Earnings Per Share and Stock Issuances - Common Stock Activity (Details) - shares shares in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Stock Options And Restricted Stock Units
Employee Stock Purchase Plan [Line Items]
Shares issued, net of shares withheld for taxes, under stock options, RSUs, LTPP and employee stock purchase plans	0.1	0.3
Share Repurchase Program
Employee Stock Purchase Plan [Line Items]
Shares repurchased under the stock repurchase program	0.2	0.2

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($) $ in Millions		3 Months Ended
		Feb. 28, 2019	Feb. 28, 2018	Nov. 30, 2018
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustment		$ (206.9)	$ (62.7)	$ (241.6)
Unrealized loss on foreign currency exchange contracts		(1.1)	(4.2)	(1.1)
Unamortized value of settled interest rate swaps		0.5	0.9	0.6
Pension and other postretirement costs		(119.9)	(158.3)	(117.8)
Accumulated other comprehensive loss		(327.4)	(224.3)	$ (359.9)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			20.9
Reclassification adjustment from AOCI on derivatives, before tax		(0.4)	1
Reclassification adjustment from AOCI on derivatives, tax		0.1	(0.2)
Reclassification adjustment from AOCI on derivatives, net of tax		(0.3)	0.8
Amortization adjustment from AOCI, pension and other postretirement benefit plans, for net prior service cost (credit), before tax	[1]	(2.1)	(1.7)
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, for net gain (loss), before tax	[1]	0.7	3.2
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, before tax		(1.4)	1.5
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, for net (gain) loss, tax		0.3	(0.3)
Reclassification adjustment from AOCI, pension and other postretirement benefit plans, for net (gain) loss, net of tax		(1.1)	1.2
Interest rate contracts | Cash Flow Hedging | Interest Expense
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Reclassification adjustment from AOCI on derivatives, before tax		(0.1)	(0.1)
Foreign exchange contracts | Cash Flow Hedging | Cost of Sales
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Reclassification adjustment from AOCI on derivatives, before tax		$ (0.3)	$ 1.1
[1]	This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and other postretirement benefits expense (refer to note 7 for additional details).

Business Segments - Additional

Business Segments - Additional Information (Detail) $ in Millions	3 Months Ended
	Feb. 28, 2019USD ($)segment	Feb. 28, 2018USD ($)
Revenues	$ 1,231.5	$ 1,215.4
Number of operating segments | segment	2
Europe Middle East And Africa [Member]
Revenues	$ 242.8	251.5
Asia Pacific
Revenues	181.7	187.5
Americas [Member]
Revenues	$ 807	$ 776.4

Business Segments (Detail)

Business Segments (Detail) - USD ($) $ in Millions	3 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Segment Reporting Information [Line Items]
Revenues	$ 1,231.5	$ 1,215.4
Operating income	196.9	181.1
Less: Special charges	2.1	2.2
Less: Transaction and integration expenses	0	8.7
Operating income excluding special charges	199	192
Income from unconsolidated operations	10.1	8.1
Consumer
Segment Reporting Information [Line Items]
Revenues	744.9	744.6
Operating income	133.8	123.7
Less: Special charges	1.5	1
Less: Transaction and integration expenses		5.8
Operating income excluding special charges	135.3	130.5
Income from unconsolidated operations	7.9	7.1
Flavor Solutions
Segment Reporting Information [Line Items]
Revenues	486.6	470.8
Operating income	63.1	57.4
Less: Special charges	0.6	1.2
Less: Transaction and integration expenses		2.9
Operating income excluding special charges	63.7	61.5
Income from unconsolidated operations	$ 2.2	$ 1