McCormick & Company (MKC) 10-K 23 Jan 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Nov. 30, 2024	Dec. 31, 2024	May 31, 2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Nov. 30, 2024
Document Transition Report	false
Entity File Number	001-14920
Entity Registrant Name	McCORMICK & COMPANY, INCORPORATED
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-0408290
Entity Address, Address Line One	24 Schilling Road, Suite 1,
Entity Address, City or Town	Hunt Valley,
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21031
City Area Code	410
Local Phone Number	771-7301
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 19,353,507,870
Entity Central Index Key	0000063754
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--11-30
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock [Member]
Title of 12(b) Security	Common Stock, Par Value $0.01 per share
Trading Symbol	MKC.V
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		15,636,290
Common Stock Non-Voting [Member]
Title of 12(b) Security	Common Stock Non-Voting, Par Value $0.01 per share
Trading Symbol	MKC
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		252,517,977

Audit Information

Audit Information	12 Months Ended
	Nov. 30, 2024
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Baltimore, Maryland
Auditor Firm ID	42

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Income Statement [Abstract]
Revenues	$ 6,723.7	$ 6,662.2	$ 6,350.5
Cost of Goods and Services Sold	4,132.7	4,159.7	4,076
Gross profit	2,591	2,502.5	2,274.5
Selling, general and administrative expense	1,521.2	1,478.3	1,357.1
Transaction and integration expenses	0	0	2.2
Special charges	9.5	61.2	51.6
Operating income	1,060.3	963	863.6
Interest expense	209.4	208.2	149.1
Other income, net	47.4	43.9	98.3
Income from consolidated operations before income taxes	898.3	798.7	812.8
Income tax expense	184	174.5	168.6
Net income from consolidated operations	714.3	624.2	644.2
Income from unconsolidated operations	74.2	56.4	37.8
Net income	$ 788.5	$ 680.6	$ 682
Earnings per share–basic (usd per share)	$ 2.94	$ 2.54	$ 2.54
Earnings per share–diluted (usd per share)	$ 2.92	$ 2.52	$ 2.52

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 788.5	$ 680.6	$ 682
Net income attributable to non-controlling interest	7.5	5.5	6.2
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	(24.3)	(3.1)	149.2
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(90.7)	92.5	(161.8)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	3.3	(6.8)	3.3
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	4.6	8	(46.8)
Other comprehensive income (loss), net of tax	(107.1)	90.6	(56.1)
Comprehensive income	$ 688.9	$ 776.7	$ 632.1

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Assets
Cash and cash equivalents	$ 186.1	$ 166.6
Trade accounts receivable, net of allowances	587.4	587.5
Inventories	1,239.9	1,126.5
Prepaid expenses and other current assets	125.6	121
Total current assets	2,139	2,001.6
Property, plant and equipment, net	1,413	1,324.7
Goodwill	5,227.5	5,260.1
Intangible assets, net	3,318.9	3,356.7
Other long-term assets	971.9	919.2
Total assets	13,070.3	12,862.3
Liabilities
Short-term borrowings	483.1	272.2
Current portion of long-term debt	265.2	799.3
Trade accounts payable	1,238.1	1,119.3
Other accrued liabilities	896.4	908.1
Total current liabilities	2,882.8	3,098.9
Long-term debt	3,593.6	3,339.9
Deferred taxes	840.5	861.2
Other long-term liabilities	436.6	478.8
Total liabilities	7,753.5	7,778.8
Shareholders’ equity
Retained earnings	3,545	3,249.7
Accumulated other comprehensive loss	(491.2)	(388.6)
Stockholders' Equity Attributable to Parent	5,291	5,060.7
Non-controlling interests	25.8	22.8
Total shareholders’ equity	5,316.8	5,083.5
Total liabilities and shareholders’ equity	13,070.3	12,862.3
Common Stock [Member]
Shareholders’ equity
Common stock	587.6	597.1
Common Stock Non-Voting [Member]
Shareholders’ equity
Common stock	$ 1,649.6	$ 1,602.5

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - shares shares in Millions	Nov. 30, 2024	Nov. 30, 2023
Common Stock [Member]
Common stock, shares authorized (in millions)	640	640
Common stock, shares issued (in millions)	15.7	16.8
Common stock, shares outstanding (in millions)	15.7	16.8
Common Stock Non-Voting [Member]
Common stock, shares authorized (in millions)	640	640
Common stock, shares issued (in millions)	252.3	251.3
Common stock, shares outstanding (in millions)	252.3	251.3

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statement - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Operating activities
Net income	$ 788.5	$ 680.6	$ 682
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	208.8	199.3	200.6
Stock-based compensation	47.4	63.4	60.3
Loss (gain) on the sale of businesses	0	1.2	(63.2)
Asset Impairment Charges	0	0	10
(Gain) loss on sale of assets	(2.1)	0.2	(0.5)
Deferred income tax expense (benefit)	(30.3)	(5.4)	21.8
Income from unconsolidated operations	(74.2)	(56.4)	(37.8)
Changes in operating assets and liabilities (net of effect of businesses acquired and disposed):
Trade accounts receivable	(20.5)	3.4	(45.8)
Inventories	(125)	225	(205.3)
Trade accounts payable	135.1	(68.1)	125.3
Other assets and liabilities	(72.6)	109	(129.9)
Dividends received from unconsolidated affiliates	66.8	85.1	34
Net cash provided by operating activities	921.9	1,237.3	651.5
Investing activities
Proceeds from sale of business	0	1	95.2
Proceeds from sale of intangible asset	0	0	13.6
Capital expenditures (including expenditures for capitalized software)	(274.9)	(263.9)	(262)
Other investing activities	5.9	2.4	6.8
Net cash used in investing activities	(269)	(260.5)	(146.4)
Financing activities
Short-term borrowings (repayments), net	211.1	(964.6)	698.3
Proceeds from issuances of long-term debt	495.5	496.4	0
Payment of debt issuance costs	(1)	(1.1)	0
Long-term debt repayments	(801.1)	(268.1)	(772)
Proceeds from exercised stock options	17.5	16.6	41.4
Taxes withheld and paid on employee stock awards	(9)	(10.8)	(19.4)
Common stock acquired by purchase	(53.1)	(35.7)	(38.8)
Dividends paid	(451)	(418.5)	(396.7)
Other financing activities	8	1.6	0
Net cash used in financing activities	(583.1)	(1,184.2)	(487.2)
Effect of exchange rate changes on cash and cash equivalents	(50.3)	40	(35.6)
Increase (decrease) in cash and cash equivalents	19.5	(167.4)	(17.7)
Cash and cash equivalents at beginning of year	166.6	334	351.7
Cash and cash equivalents at end of year	$ 186.1	$ 166.6	$ 334

Consolidated Statement Of Share

Consolidated Statement Of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Non-Controlling Interests [Member]	Common Stock Non-Voting [Member] Common Stock [Member]
Balance, Shares at Nov. 30, 2021		17.8				249.5
Balance, Value at Nov. 30, 2021	$ 4,425.5	$ 2,055.1	$ 2,782.4	$ (426.5)	$ 14.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	682		682
Net income attributable to non-controlling interest	6.2				6.2
Other comprehensive income (loss), net of tax	(56.1)			(54.1)	(2)
Dividends	(402.3)		(402.3)
Stock-based compensation	60.3	$ 60.3
Shares purchased and retired, Shares		(0.7)
Shares purchased and retired, Value	(59.6)	$ (20)	(39.6)
Shares issued, Shares		1.4
Shares issued, Value	43.2	$ 43.2
Equal exchange, shares		(1.1)				1.1
Balance, Shares at Nov. 30, 2022		17.4				250.6
Balance, Value at Nov. 30, 2022	4,699.2	$ 2,138.6	3,022.5	(480.6)	18.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	680.6		680.6
Net income attributable to non-controlling interest	5.5				5.5
Other comprehensive income (loss), net of tax	90.6			92	(1.4)
Dividends	(426.6)		(426.6)
Stock-based compensation	63.4	$ 63.4
Shares purchased and retired, Shares		(0.6)
Shares purchased and retired, Value	(47.4)	$ (20.6)	(26.8)
Stock Issued During Period, Shares, New Issues		0.7
Shares issued, Value	18.2	$ 18.2
Equal exchange, shares		(0.7)				0.7
Balance, Shares at Nov. 30, 2023		16.8				251.3
Balance, Value at Nov. 30, 2023	5,083.5	$ 2,199.6	3,249.7	(388.6)	22.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	788.5		788.5
Net income attributable to non-controlling interest	7.5				7.5
Other comprehensive income (loss), net of tax	(107.1)			(102.6)	(4.5)
Dividends	(459.1)		(459.1)
Stock-based compensation	47.4	$ 47.4
Shares purchased and retired, Shares		(0.9)
Shares purchased and retired, Value	(63.7)	$ (29.6)	(34.1)
Stock Issued During Period, Shares, New Issues		0.8
Shares issued, Value	19.8	$ 19.8
Equal exchange, shares		(1)				1
Balance, Shares at Nov. 30, 2024		15.7				252.3
Balance, Value at Nov. 30, 2024	$ 5,316.8	$ 2,237.2	$ 3,545	$ (491.2)	$ 25.8

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation The financial statements include the accounts of our majority-owned or controlled subsidiaries and affiliates. Intercompany transactions have been eliminated. Investments in unconsolidated affiliates, over which we exercise significant influence, but not control, are accounted for by the equity method. Accordingly, our share of net income or loss from unconsolidated affiliates is included in net income. Foreign Currency Translation For majority-owned or controlled subsidiaries and affiliates located outside of the U.S. that use functional currencies other than the U.S. dollar, asset and liability accounts are translated at the exchange rates in effect at the balance sheet date. The resulting translation adjustments are included in accumulated other comprehensive income (loss), which is a separate component of shareholders’ equity. Income and expense items are translated at average monthly exchange rates. Gains and losses from foreign currency transactions of these majority-owned or controlled subsidiaries and affiliates — specifically, transactions denominated in currencies other than their functional currency—are included in net income, except for intercompany transactions designated as long-term investments. Our unconsolidated affiliates located outside the U.S. generally use their local currencies as their functional currencies. The asset and liability accounts of those unconsolidated affiliates are translated at the rates of exchange at the balance sheet date, with the resultant translation adjustments included in accumulated other comprehensive income (loss) of those affiliates. Income and expense items of those affiliates are translated at average monthly rates of exchange. We record our ownership share of the net assets and accumulated other comprehensive income (loss) of our unconsolidated affiliates in our consolidated balance sheet on the lines entitled “Other long-term assets” and “Accumulated other comprehensive loss,” respectively. We record our ownership share of the net income of our unconsolidated affiliates, or a gain or loss associated with the sale of our ownership interest in our unconsolidated affiliates, in our consolidated income statement on the line entitled “Income from unconsolidated operations.” Use of Estimates Preparation of financial statements that follow accounting principles generally accepted in the U.S. requires us to make estimates and assumptions that affect the amounts reported in the financial statements and notes. Actual amounts could differ from these estimates. Cash and Cash Equivalents All highly liquid investments purchased with an original maturity of three months or less are classified as cash equivalents. Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined under the first-in, first-out costing method (FIFO), including the use of average costs which approximate FIFO. Property, Plant and Equipment Property, plant and equipment is stated at historical cost and depreciated over its estimated useful life using the straight-line method for financial reporting and both accelerated and straight-line methods for tax reporting. The estimated useful lives range from 20 to 50 years for buildings and 3 to 15 years for machinery, equipment and other assets. Assets leased under finance leases are depreciated over the shorter of the lease term or their estimated useful lives unless it is reasonably certain that we will obtain ownership by the end of the lease term. Repairs and maintenance costs are expensed as incurred. Computer Software We capitalize costs of software developed or obtained for internal use. Capitalized software development costs include only (1) direct costs paid to others for materials and services to develop or buy the software, (2) payroll and payroll-related costs for employees who work directly on the software development project, and (3) interest costs while developing the software. Capitalization of these costs stops, and amortization begins, when the project is substantially complete and ready for use. Capitalized software is classified within "Other long-term assets" in the consolidated balance sheet. Software is amortized using the straight-line method over estimated useful lives ranging from 3 to 13 years, but not exceeding the expected life of the product. Goodwill and Other Intangible Assets We review the carrying value of goodwill and indefinite-lived intangible assets and conduct tests of impairment on an annual basis as described below. We also test goodwill for impairment if events or circumstances indicate it is more likely than not that the fair value of a reporting unit is below its carrying amount and test indefinite-lived intangible assets for impairment if events or changes in circumstances indicate that the asset might be impaired. Separable intangible assets that have finite useful lives are amortized over those lives. Determining the fair value of a reporting unit or an indefinite-lived purchased intangible asset is judgmental in nature and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates, assumed royalty rates, future economic and market conditions and determination of appropriate market comparables. We base our fair value estimates on assumptions we believe to be reasonable but that are unpredictable and inherently uncertain. Actual future results may differ from these estimates. Goodwill Impairment Our reporting units used to assess potential goodwill impairment are the same as our business segments. We estimate the fair value of a reporting unit by using a discounted cash flow model and then compare that to the carrying amount of the reporting unit, including intangible assets and goodwill. An impairment charge would be recognized to the extent that the carrying amount of the reporting unit exceeds the estimated fair value of the reporting unit. Indefinite-lived Intangible Asset Impairment Our indefinite-lived intangible assets consist of acquired brand names and trademarks. We estimate fair value by using a relief-from-royalty method and then compare that to the carrying amount of the indefinite-lived intangible asset. If the carrying amount of the indefinite-lived intangible asset exceeds its estimated fair value, an impairment charge would be recorded to the extent the recorded indefinite-lived intangible asset exceeds the fair value. Long-lived Asset Impairment Fixed assets and amortizable intangible assets are reviewed for impairment as events or changes in circumstances occur indicating that the carrying value of the asset may not be recoverable. Undiscounted cash flow analyses are used to determine if an impairment exists. If an impairment is determined to exist, the loss would be calculated based on the excess of the asset’s carrying value over its estimated fair value. Accounts Payable - Supplier Finance Program In order to manage our cash flow and related liquidity, we work with our suppliers to optimize our terms and conditions, which include the extension of payment terms. We offer certain suppliers access to a third-party Supply Chain Finance program (SCF) with several global financial institutions (SCF Banks). The terms of our payment obligation are not impacted by a supplier’s participation in the SCF. Under the SCF, qualifying suppliers may elect to sell their receivables from us to a SCF Bank. These participating suppliers negotiate their receivables sales arrangements directly with the respective SCF Bank. While we are not party to those agreements, the SCF Banks allow the participating suppliers to utilize our creditworthiness in establishing credit spreads and associated costs. This generally provides the suppliers with more favorable terms than they would be able to secure on their own. We have no economic interest in a supplier’s decision to sell a receivable. Once a qualifying supplier elects to participate in the SCF and reaches an agreement with a SCF Bank, the supplier elects which of our individual invoices they sell to the SCF bank. However, all of our payments to participating suppliers are paid to the SCF Bank on the invoice due date, regardless of whether the individual invoice is sold by the supplier to the SCF Bank. The SCF Bank pays the supplier on the invoice due date for any invoices that were not previously sold by the supplier to the SCF Bank. Our current payment terms with our suppliers, which we deem to be commercially reasonable, generally range from zero to 180 days dependent upon their respective industry and geography. All outstanding amounts related to suppliers participating in the SCF are recorded within the line entitled "Trade accounts payable" in our consolidated balance sheets, and the associated payments are included in operating activities within our consolidated statements of cash flows. As of November 30, 2024 and 2023, the amount due to suppliers participating in the SCF and included in "Trade accounts payable" were approximately $417.4 million and $300.5 million, respectively. Leases We determine whether a contract is or contains a lease at contract inception based on the presence of identified assets and our right to obtain substantially all the economic benefit from or to direct the use of such assets. When we determine a lease exists, we record a right-of-use (“ROU”) asset and corresponding lease liability on our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term. Lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets are recognized at the lease commencement date at the value of the lease liability and are adjusted for any prepayments, lease incentives received, and initial direct costs incurred. Lease liabilities are recognized at the lease commencement date based on the present value of remaining lease payments over the lease term. As the discount rate implicit in the lease is not readily determinable in most of our leases, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We do not record lease contracts with a term of 12 months or less on our consolidated balance sheets. When our real estate lease arrangements include lease and non-lease components (for example, common area maintenance), we account for each component separately, based on their relative standalone prices. For all other asset categories, we combine lease components and non-lease components into a single lease commitment. We recognize fixed lease expense for operating leases on a straight-line basis over the lease term. For finance leases, we recognize amortization expense over the shorter of the estimated useful life of the underlying assets or the lease term. In instances of title transfer, expense is recognized over the useful life. Interest expense on a finance lease is recognized using the effective interest method over the lease term. 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. Our revenue arrangements generally include a single performance obligation relating to the fulfillment of a customer order, which in some cases is governed by a master sales agreement, for the purchase of our products. We recognize revenue at a point in time when control of the ordered products passes to the customer, which principally occurs either upon shipment or delivery to the customer or upon pick-up by the customer, depending upon terms included in the particular customer arrangement. 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 and returns, are estimated at the time of sale. All taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by us from a customer for sales, value added and other excise taxes are excluded from net sales. We account for product 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 with costs for these activities recorded within Cost of goods sold. We expense any incremental costs of obtaining a contract when the contract is for a period of one year or less. 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. The following table sets forth our net sales by the Americas, Europe, Middle East and Africa (EMEA) and Asia/Pacific (APAC) geographic regions: (millions) Americas EMEA APAC Total 2024 $ 4,801.9 $ 1,239.3 $ 682.5 $ 6,723.7 2023 $ 4,756.9 $ 1,212.8 $ 692.5 $ 6,662.2 2022 $ 4,551.7 $ 1,116.4 $ 682.4 $ 6,350.5 Performance Obligations Our revenues primarily result from contracts or purchase orders with customers, which generally are both short-term in nature and have a single performance obligation—the delivery of our products to customers. We assess the goods and services promised in our customers’ contracts or purchase orders and identify 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, we consider 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 the Company's then-current expectations regarding what was earned through these programs as of the balance sheet date. 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 years ended November 30, 2024, 2023, and 2022 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 $206.4 million and $195.3 million at November 30, 2024 and 2023, respectively. 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, which are included in our consolidated income statement in the line entitled "Selling, general and administrative expense," were $265.0 million, $247.1 million and $240.4 million for 2024, 2023, and 2022, respectively. 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. Advertising expense was $218.8 million, $198.1 million and $187.2 million for 2024, 2023, and 2022, respectively. Research and Development Research and development costs are expensed as incurred and are included in our consolidated income statement in the line entitled "Selling, general and administrative expense." Research and development expense was $102.9 million, $94.9 million and $87.5 million for 2024, 2023, and 2022, respectively. Income Taxes Income taxes are recognized in accordance with the liability method of accounting. Deferred taxes are recognized for the estimated taxes ultimately payable or recoverable based on enacted tax law. Inherent in determining our annual tax rate are judgments regarding business plans, planning opportunities, and expectations about future outcomes. Realization of certain deferred tax assets, primarily net operating loss and other carryforwards, is dependent upon generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods. Changes in enacted tax rates are reflected in the tax provision as they occur. We record valuation allowances to reduce deferred tax assets to the amount that is more likely than not to be realized. When assessing the need for valuation allowances, we consider future taxable income and ongoing prudent and feasible tax planning strategies. Should a change in circumstances lead to a change in judgment about the realizability of deferred tax assets in future years, we would adjust related valuation allowances in the period that the change in circumstances occurs, along with a corresponding adjustment to our provision for income taxes. We recognize a tax position in our financial statements when it is more likely than not that the position will be sustained upon examination based on the technical merits of the position. That position is then measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The resolution of tax reserves and changes in valuation allowances could be material to our results of operations for any period but is not expected to be material to our financial position. We are subject to a U.S. tax requirement that certain income earned by foreign subsidiaries, referred to as Global Intangible Low-Taxed Income (GILTI), must be included in the gross income of the subsidiary’s U.S. shareholder. Accounting principles generally accepted in the U.S. provide for 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. Stock-Based Compensation We recognize stock-based compensation expense associated with options and restricted stock units (RSUs), which contain provisions that such awards fully vest upon an employee’s retirement, ratably over the shorter of the vesting period or the employees’ retirement eligibility date. Accordingly, we recognize stock-based compensation associated with options and RSUs subject to immediate retirement eligible vesting provisions on the date of grant. Compensation expense associated with our long-term performance plan (LTPP) is recorded in the income statement over the three-year period of the program based on the number of shares ultimately expected to be awarded using our estimate of the most likely outcome of achieving the performance objectives. We recognize stock-based compensation expense associated with price-vested stock options ratably over the vesting period as such options do not contain provisions that fully vest these awards upon an employee becoming retirement eligible. We estimate forfeitures associated with all stock-based compensation at the time of grant based on historical experience and revise this estimate in subsequent periods if actual forfeitures differ. Derivative Instruments We record all derivatives on our balance sheet at fair value. The fair value of derivative instruments is recorded in our consolidated balance sheet on the lines entitled “Other current assets," "Other long-term assets," "Other accrued liabilities," or "Other long-term liabilities" depending on their fair value and maturity. Gains and losses representing either hedge ineffectiveness, hedge components excluded from the assessment of effectiveness, or hedges of translational exposure are recorded in our consolidated income statement in the lines entitled "Other income (expense), net" or "Interest expense." In our consolidated cash flow statement, settlements of cash flow and fair value hedges are classified as operating activities; settlements of all other derivative instruments, including instruments for which hedge accounting has been discontinued, are classified consistent with the nature of the instruments. 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 our consolidated balance sheet on the line entitled “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)" in our consolidated balance sheet to our consolidated income statement on the same line items as the underlying transactions. 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, a component of “Accumulated other comprehensive income (loss)" in our consolidated balance sheet. Employee Benefit and Retirement Plans We sponsor defined benefit pension plans in the U.S. and certain foreign locations. In addition, we sponsor defined contribution plans in the U.S. We contribute to defined contribution plans in locations outside the U.S., including government-sponsored retirement plans. We also currently provide postretirement medical and life insurance benefits to certain U.S. employees and retirees. We recognize the overfunded or underfunded status of our defined benefit pension plans as an asset or a liability in our balance sheet, with changes in the funded status recorded through other comprehensive income in the year in which those changes occur. The expected return on plan assets is determined using the expected rate of return and a calculated value of plan assets referred to as the market-related value of plan assets. Differences between assumed and actual returns are amortized to the market-related value of assets on a straight-line basis over five years. We use the corridor approach in the valuation of defined benefit pension and postretirement benefit plans. The corridor approach defers all actuarial gains and losses resulting from variances between actual results and actuarial assumptions. Those unrecognized gains and losses are amortized when the net gains and losses exceed 10% of the greater of the market-related value of plan assets or the projected benefit obligation at the beginning of the year. The amount in excess of the corridor is amortized over the average remaining life expectancy of retired plan participants, for plans whose benefits have been frozen, or the average remaining service period to retirement date of active plan participants. Accounting Pronouncements Adopted in 2022 and 2023 In March 2020, the FASB issued ASU No. 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting that provides optional expedients for a limited period of time for accounting for contracts, hedging relationships, and other transactions affected by the London Interbank Offered Rate (LIBOR) or other reference rates expected to be discontinued. These optional expedients can be applied from March 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The phase out of LIBOR reference rates occurred at different times and began on January 1, 2022. During 2022 and 2023, we amended our interest rate swaps expiring in November 2025 and August 2027, the cross-currency interest rate swap expiring in August 2027, and our five-year revolving credit facility expiring in July 2026 to no longer use LIBOR. Our adoption of this standard was completed during 2023. There was no material impact to our consolidated financial statements associated with adopting this new standard. Accounting Pronouncements Partially Adopted in 2023 In September 2022, the FASB issued ASU No. 2022-04: Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations that requires entities that use supplier finance programs in connection with the purchase of goods and services to disclose the key terms of the programs and information about obligations outstanding at the end of the reporting period, including a roll forward of those obligations. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The new standard's requirements to disclose the key terms of the programs and information about obligations outstanding are effective for all interim and annual periods of our fiscal year ending November 30, 2024. We include disclosure regarding the key terms of the program and information about obligations outstanding at the end of the reporting period in Note 1. The standard’s requirement to disclose a roll forward of obligations outstanding will be effective for our fiscal year ending November 30, 2025. We have not adopted the disclosure requirements regarding the roll forward of the obligation. The partial adoption of this standard did not have a material impact on our consolidated financial statements. We do not expect the adoption of the future disclosure requirements will have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements — Pending Adoption In November 2023, the FASB issued ASU No. 2023-07: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures that requires entities to report incremental information about significant segment expenses included in a segment’s profit or loss measure as well as the name and title of the chief operating decision maker. The guidance also requires interim disclosures related to reportable segment profit or loss and assets that had previously only been disclosed annually. The new standard is effective for our annual period ending November 30, 2025 and our interim periods during the fiscal year ending November 30, 2026. The guidance does not affect recognition or measurement in our consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures that requires entities to disclose additional information about federal, state, and foreign income taxes primarily related to the income tax rate reconciliation and income taxes paid. The new standard also eliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. The guidance is effective for our fiscal year ending November 30, 2026. The guidance does not affect recognition or measurement in our consolidated financial statements. In November 2024, the FASB issued ASU No. 2024-03: Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures that requires more detailed disclosure about certain costs and expenses presented in the income statement, including inventory purchases, employee compensation, selling expense and depreciation expense. The guidance is effective for our annual period ending November 30, 2028 and our interim periods during the fiscal year ending November 30, 2029. The guidance does not affect recognition or measurement in our consolidated financial statements.

Special Charges

Special Charges	12 Months Ended
	Nov. 30, 2024
Special Charges [Abstract]
Special Charges	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, including related impairment charges, associated with certain actions undertaken 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, such as an asset impairment, 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 ongoing basis through completion. Certain ancillary expenses related to these actions approved by our Management Committee do not qualify for accrual upon approval but are included as special charges as incurred during the course of the actions. The following is a summary of special charges recognized for the years ended November 30 (in millions): 2024 2023 2022 Employee severance and related benefits in the income statement $ 2.7 $ 34.4 $ 33.8 Other costs in the income statement Cash 6.8 24.6 7.4 Non-Cash — 2.2 24.0 Total special charges $ 9.5 $ 61.2 $ 65.2 Gain on sale of exited brand — — (13.6) Total special charges $ 9.5 $ 61.2 $ 51.6 The following is a summary of special charges by business segments for the years ended November 30 (in millions): 2024 2023 2022 Consumer segment $ 3.4 $ 35.8 $ 23.9 Flavor solutions segment 6.1 25.4 27.7 Total special charges $ 9.5 $ 61.2 $ 51.6 As of November 30, 2024 and 2023, reserves associated with special charges of $2.7 million and $25.2 million respectively, are included in "Other accrued liabilities" in our consolidated balance sheet. We continue to evaluate changes to our organization structure to reduce fixed costs, simplify or improve processes, and improve our competitiveness. During 2024, we recognized $9.5 million of special charges, consisting of $4.5 million associated with our GOE program, as more fully described below, and $5.0 million associated with the transition of a manufacturing facility in EMEA, as more fully described below. During 2023, we recognized $61.2 million of special charges, consisting principally of $42.8 million associated with our GOE program, as more fully described below, $8.7 million associated with the transition of a manufacturing facility in EMEA, as more fully described below, and streamlining actions of $8.8 million in the Americas region, and $0.9 million in the EMEA region. During 2022, we recognized $51.6 million of special charges, consisting principally of $23.3 million associated with the exit of our consumer business in Russia, as more fully described below, $21.5 million associated with the transition of a manufacturing facility in EMEA, as more fully described below, and streamlining actions of $8.0 million in the Americas region, and $7.1 million in the EMEA region, and $5.6 million associated with a U.S. voluntary retirement program, as more fully described below. These charges were partially offset by a $13.6 million gain on the sale of our Kohinoor brand, as well as a reversal of $2.2 million of estimated costs associated with the exit of our rice product line in India upon settlement of a supply agreement related to that product line. In 2022, our Management Committee approved the GOE program. The GOE program included a voluntary retirement plan, which included enhanced separation benefits to certain U.S. employees aged 55 years or older with at least ten years of service to the Company. This voluntary retirement plan commenced in November 2022 and participants were required to submit their notifications by December 30, 2022. As of November 30, 2022, we had accrued special charges of $5.6 million consisting of employee severance and related benefits. Upon all eligible employees submitting their notifications by the end of December 2022, we accrued an additional $19.7 million during the first quarter of 2023. All related payments were made in fiscal year 2023 as all of the affected employees retired from the Company in 2023. Other special charges recognized during the year ended November 30, 2023, under our GOE program included $13.4 million in severance and related benefits costs and $9.7 million of third-party expenses and other costs. Other special charges recognized during the year ended November 30, 2024, under our GOE program included $4.2 million in severance and related benefit costs and $0.3 million of third-party expenses and other costs. In 2022, our Management Committee approved the exit of our consumer business in Russia. As a result, during the year ended November 30, 2022, we recognized $23.3 million of special charges. These special charges included a non-cash impairment charge of $10.0 million associated with the Kamis brand name to reduce its carrying value to its estimated fair value, $3.3 million of employee severance and $2.1 million of other related exit costs directly associated with the exit plan, and a non-cash $7.9 million reclassification of the cumulative translation adjustment previously reflected in accumulated other comprehensive income (loss) to earnings associated with the exit of our business in Russia. In 2022, our Management Committee approved an initiative to consolidate our manufacturing operations in the United Kingdom into a net-zero carbon condiments manufacturing and distribution center facility with state-of-the-art technology. We expect to execute these changes to our supply chain operations and improve profitability, from a combination of lower headcount and non-headcount costs, by consolidating our operations into a scalable platform while expanding our capacity. We expect the cost of the initiative to approximate $41 million—to be recognized as special charges in our consolidated income statement through 2024 - including employee severance and related benefits, non-cash accelerated depreciation, equipment relocation costs, decommissioning and other property related lease exit costs, all directly related to the initiative. During 2024, we recognized a reversal of $1.5 million associated with severance and related benefit costs, based on a change in estimate, and $6.5 million in third-party expenses and other costs. During 2023, we recognized $1.6 million in accelerated depreciation and $7.1 million in third party expenses and other costs. During 2022, we recognized $12.6 million in severance and related benefits costs, $6.2 million in accelerated depreciation, and $2.7 million in third-party expenses and other costs.

Goodwill And Intangible Assets

Goodwill And Intangible Assets	12 Months Ended
	Nov. 30, 2024
Goodwill And Intangible Assets [Abstract ]
Goodwill And Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The following table displays intangible assets as of November 30: 2024 2023 (millions) Gross Accumulated Gross Accumulated Definite-lived intangible assets $ 537.5 $ 262.5 $ 540.4 $ 229.3 Indefinite-lived intangible assets: Goodwill 5,227.5 — 5,260.1 — Brand names and trademarks 3,043.9 — 3,045.6 — 8,271.4 — 8,305.7 — Total goodwill and intangible assets $ 8,808.9 $ 262.5 $ 8,846.1 $ 229.3 As more fully described in Note 2, in 2022, we exited our consumer business in Russia and recognized a non-cash impairment charge of $10.0 million associated with the Kamis brand name to reduce its carrying value to its estimated fair value. Intangible asset amortization expense was $35.0 million, $34.9 million and $35.1 million for 2024, 2023, and 2022, respectively. At November 30, 2024, definite-lived intangible assets had a weighted-average remaining life of approximately 9 years. The changes in the carrying amount of goodwill by segment for the years ended November 30 were as follows: 2024 2023 (millions) Consumer Flavor Solutions Consumer Flavor Solutions Beginning of year $ 3,609.6 $ 1,650.5 $ 3,568.2 $ 1,644.7 Decrease from sale of business — — — (0.4) Foreign currency fluctuations (26.5) (6.1) 41.4 6.2 End of year $ 3,583.1 $ 1,644.4 $ 3,609.6 $ 1,650.5

Investments In Affiliates

Investments In Affiliates	12 Months Ended
	Nov. 30, 2024
Investments In Affiliates [Abstract]
Investments In Affiliates	INVESTMENTS IN AFFILIATES Income from unconsolidated operations was $74.2 million, $56.4 million, and $37.8 million in 2024, 2023, and 2022, respectively. Our principal earnings from unconsolidated affiliates are from our 50% interest in McCormick de Mexico, S.A. de C.V. Profit from this joint venture represented 95% of income from unconsolidated operations in 2024, 95% in 2023 and 84% in 2022. Summarized annual and year-end information from the financial statements of unconsolidated affiliates representing 100% of the businesses follows: (millions) 2024 2023 2022 Net sales $ 1,281.5 $ 1,193.2 $ 998.1 Gross profit 519.3 446.9 338.1 Net income 162.8 124.3 86.5 Current assets $ 497.4 $ 522.1 $ 494.8 Noncurrent assets 112.7 122.4 109.7 Current liabilities 304.4 336.5 257.7 Noncurrent liabilities 6.9 7.6 8.4 Royalty income from unconsolidated affiliates was $37.0 million, $35.1 million and $27.3 million for 2024, 2023, and 2022, respectively.

Financing Arrangements

Financing Arrangements	12 Months Ended
	Nov. 30, 2024
Financing Arrangements [Abstract]
Financing Arrangements	FINANCING ARRANGEMENTS Our outstanding debt, including finance leases, was as follows at November 30: (millions) 2024 2023 Short-term borrowings Commercial paper $ 431.3 $ 269.4 Other 51.8 2.8 $ 483.1 $ 272.2 Weighted-average interest rate of short-term borrowings at year-end 4.7 % 5.5 % Long-term debt 3.15% notes due 8/15/2024 $ — $ 700.0 3.25%notes due 11/15/2025 (1) 250.0 250.0 0.90% notes due 2/15/2026 500.0 500.0 3.40% notes due 8/15/2027 (2) 750.0 750.0 2.50% notes due 4/15/2030 (3) 500.0 500.0 1.85% notes due 2/15/2031 500.0 500.0 4.95% notes due 4/15/2033 (4) 500.0 500.0 4.70% notes due 10/15/2034 (5) 500.0 — 4.20% notes due 8/15/2047 300.0 300.0 7.63%–8.12% notes due 2024 — 55.0 Other, including finance leases 119.8 159.1 Unamortized discounts, premiums, debt issuance costs and fair value adjustments (6) (61.0) (74.9) 3,858.8 4,139.2 Less current portion 265.2 799.3 $ 3,593.6 $ 3,339.9 (1) Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 3.45% . Separately, the fixed interest rate on $100 million of the 3.25% notes due in 2025 is effectively converted to a variable rate by interest rate swaps through 2025. Net interest payments are based on USD SOFR plus 1.487% (previously U.S. three-month LIBOR plus 1.22%) with an effective variable rate of 5.92% as of November 30, 2024. (2) Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $750 million notes at a weighted-average fixed rate of 3.44%. Separately, the fixed interest rate on $250 million of the 3.40% notes due in 2027 is effectively converted to a variable rate by interest rate swaps through 2027. Net interest payments are based on USD SOFR plus 0.907% (previously U.S. three-month LIBOR plus 0.685%) with an effective rate of 5.73% as of November 30, 2024. (3) Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $500 million notes at a weighted-average fixed rate of 2.62%. Separately, the fixed interest rate on $250 million of the 2.50% notes due in 2030 is effectively converted to a variable rate by interest rate swaps through 2030. Net interest payments are based on USD SOFR plus 0.684% with an effective rate of 5.22% as of November 30, 2024. (4) Treasury lock agreements, settled upon issuance of these notes, effectively set the interest rate on these $500 million notes at a weighted-average fixed rate of 5.00%. (5) Treasury lock agreements, settled upon issuance of these notes, effectively set the interest rate on these $500 million notes at a weighted-average fixed rate of 4.68%. (6) Includes unamortized discounts, premiums, and debt issuance costs of $(26.0) million and $(25.4) million as of November 30, 2024 and 2023, respectively. Includes fair value adjustment associated with interest rate swaps designated as fair value hedges of $(35.0) million and $(49.5) million as of November 30, 2024 and 2023, respectively. Maturities of long-term debt, including finance leases, during the fiscal years subsequent to November 30, 2024 are as follows (in millions): 2025 $ 265.2 2026 509.3 2027 759.7 2028 10.3 2029 18.0 Thereafter 2,357.3 In October 2024, we issued $500 million aggregate principal amount of 4.70% unsecured senior notes due 2034. Interest is payable semi-annually in April and October each year, beginning on April 15, 2025. As part of the issuance of new debt, we entered and settled treasury locks in a notional amount of $150 million to manage our interest rate risk associated with the issuance of the unsecured senior notes. We designated the treasury lock arrangements as cash flow hedges with the realized gain of $0.9 million to be amortized to interest expense over the life of the underlying debt. In April 2023, we issued $500 million aggregate principal amount of 4.95% unsecured senior notes due 2033. Interest is payable semi-annually in April and October of each year, beginning on October 15, 2023. As part of the issuance of new debt, we entered and settled treasury locks in a notional amount of $250.0 million to manage our interest rate risk associated with the issuance of the unsecured senior notes. We designated the treasury lock arrangements as cash flow hedges with the realized loss of $2.6 million to be amortized to interest expense over the life of the underlying debt. We have available credit facilities with domestic and foreign banks for various purposes. Some of these lines are committed lines and others are uncommitted lines and could be withdrawn at various times. Our committed lines include a five-year $1.5 billion revolving credit facility, which will expire in June 2026 and a 364-day $500 million revolving credit facility, which was entered into in August 2024 and expires in August 2025. We previously maintained a 364-day $500 million revolving credit facility that was entered into in June 2023 and expired in June 2024. Upon entering into the June 2023 364-day $500 million revolving credit facility, we simultaneously cancelled the 364-day $500 million revolving credit facility which was entered into in July 2022 and was set to expire in July 2023. In the second quarter of 2023, we amended our five-year revolving credit facility expiring in June 2026 to no longer use LIBOR. The current pricing for the five-year credit facility, on a fully drawn basis, is Term SOFR plus 1.25% (previously LIBOR plus 1.25%). The pricing of that credit facility is based on a credit rating grid that contains a fully drawn maximum pricing of the credit facility equal to Term SOFR plus 1.75% (previously LIBOR plus 1.75%). The current pricing for the 364-day credit facility, on a fully drawn basis, is Term SOFR plus 1.23%. The pricing of that 364-day credit facility is based on a credit rating grid that contains a fully drawn maximum pricing of the credit facility equal to Term SOFR plus 1.60%. These credit facilities require a fee, and commitment fees were $2.3 million, $2.4 million and $2.1 million for 2024, 2023, and 2022, respectively. These credit facilities support our commercial paper program and, after $431.3 million was used to support issued commercial paper, we have $1,568.7 million of capacity at November 30, 2024. The provisions of these revolving credit facilities restrict subsidiary indebtedness and require us to maintain a minimum interest coverage ratio. As of November 30, 2024, our capacity under both revolving credit facilities was not affected by these covenants. We do not expect that these covenants would limit our access to our revolving credit facilities for the foreseeable future. In addition, we have several uncommitted lines totaling $326.8 million, which have a total unused capacity at November 30, 2024 of $308.9 million. These lines, by their nature, can be withdrawn based on the lenders’ discretion. In 2023, we executed a nonrecourse accounts receivable sale program whereby certain eligible U.S. receivables are sold to third party financial institution in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institution. We account for the transfer of receivables as a sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The outstanding amount of receivables sold under this program were approximately $106.9 million and $19.6 million as of November 30, 2024 and 2023, respectively. The incremental costs of factoring receivables under this arrangement were insignificant in 2024 and 2023. The proceeds from the sales of receivables are included in cash flows from operating activities on the consolidated cash flow statement. As collecting agent on the sold receivables, we had $9.6 million of cash collected that was not yet remitted to the third party financial institution as of November 30, 2024. This obligation is reported within other accrued liabilities on the consolidated balance sheet as of November 30, 2024 and within cash flows from financing activities on the consolidated cash flow statement.

Leases

Leases	12 Months Ended
	Nov. 30, 2024
Leases [Abstract]
Leases	LEASES Our lease portfolio primarily consists of (i) certain real estate, including those related to a number of administrative, distribution and manufacturing locations; (ii) certain machinery and equipment, including forklifts; and (iii) automobiles, delivery trucks and other vehicles. A limited number of our lease agreements include rental payments that are adjusted periodically based on a market rate or index. Our lease agreements generally do not contain residual value guarantees or material restrictive covenants, with the exception of the non-cancellable synthetic lease discussed below. The following presents the components of our lease expense for the years ended November 30 (in millions): 2024 2023 2022 Operating lease cost $ 75.7 $ 74.6 $ 47.0 Finance lease cost: Amortization of ROU assets 9.0 9.0 9.0 Interest on lease liabilities 3.7 3.9 4.1 Net lease cost (1) $ 88.4 $ 87.5 $ 60.1 (1) Net lease cost does not include short-term leases or sublease income, both of which are immaterial. Supplemental balance sheet information related to leases as of November 30 were as follows (in millions): Leases Classification 2024 2023 Assets: Operating lease ROU assets Other long-term assets $ 211.0 $ 220.0 Finance lease ROU assets Property, plant and equipment, net 86.1 94.8 Total leased assets $ 297.1 $ 314.8 Liabilities: Current Operating Other accrued liabilities $ 55.7 $ 53.3 Finance Current portion of long-term debt 8.8 8.3 Non-current Operating Other long-term liabilities 166.6 179.9 Finance Long-term debt 94.5 103.0 Total lease liabilities $ 325.6 $ 344.5 In October 2020, we entered into a non-cancellable synthetic lease to consolidate as well as expand our distribution footprint in the mid-Atlantic region. We began to utilize this facility in September 2022. The five-year lease term will expire in November 2027. As of November 30, 2024, the total ROU asset associated with this facility was $50.6 million with a related lease obligation of $52.5 million, of which $16.9 million was included in the other accrued liabilities and $35.6 million was included in other long-term liabilities. As of November 30, 2023, the total ROU asset associated with this building was $64.9 million with a related lease obligation of $68.0 million, of which $16.2 million was included in other accrued liabilities and $51.8 million was included in other long-term liabilities. Rental payments include both a fixed and a variable component. The variable component is based on SOFR plus a margin, based on our credit rating. During the years ended November 30, 2024, 2023 and 2022, we recognized $28.8 million, $27.9 million, and $5.2 million, respectively, of rent expense related to the leased asset. The lease contains options to negotiate a renewal of the lease or to purchase or request the lessor to sell the facility at the end of the lease term. The lease arrangement contains a residual value guarantee of 76.5% of the lessor’s total construction cost, which approximated $310 million. We do not believe it is probable that any material amounts will be owed under these guarantees. Therefore, no material amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities. The lease also contains covenants that are consistent with our revolving credit facilities, as disclosed in Note 5. Our Corporate functions, Americas' leadership, and U.S. staff operate out of our Hunt Valley, Maryland headquarters office building. The 15-year lease for that building began in April 2019 and is recognized as a finance lease. During each of the years ended November 30, 2024, 2023, and 2022, we recognized amortization expense of $8.7 million related to the leased asset. As of November 30, 2024, the total lease obligation associated with this building was $100.9 million, of which $8.5 million was included in the current portion of long-term debt and $92.4 million was included in long-term debt. As of November 30, 2023, the total lease obligation was $108.9 million, of which $8.0 million was included in the current portion of long-term debt and $100.9 million was included in long-term debt. Information regarding our lease terms and discount rates as of November 30 were as follows: 2024 2023 Weighted-average remaining lease term (years) Weighted-average discount rate Weighted-average remaining lease term (years) Weighted-average discount rate Operating leases 5.2 3.9 % 5.7 3.9 % Finance leases 10.2 3.4 % 11.2 3.4 % The future maturity of our lease liabilities as of November 30, 2024 were as follows (in millions): Operating leases Finance leases Total 2025 $ 63.9 $ 11.8 $ 75.7 2026 58.1 12.0 70.1 2027 52.3 12.2 64.5 2028 20.6 12.5 33.1 2029 13.9 12.7 26.6 Thereafter 40.1 69.0 109.1 Total lease payments 248.9 130.2 379.1 Less: Imputed interest 26.6 26.9 53.5 Total lease liabilities $ 222.3 $ 103.3 $ 325.6 Supplemental cash flow and other information related to leases for the years ended November 30 were as follows (in millions): 2024 2023 2022 Cash paid for amounts included in the measurements of lease liabilities: Operating cash flows used for operating leases $ 66.8 $ 64.5 $ 41.4 Operating cash flows used for finance leases 3.7 3.9 4.1 Financing cash flows used for finance leases 8.0 7.6 7.3 ROU assets obtained in exchange for lease liabilities Operating leases $ 47.6 $ 52.1 $ 133.8
Leases	LEASES Our lease portfolio primarily consists of (i) certain real estate, including those related to a number of administrative, distribution and manufacturing locations; (ii) certain machinery and equipment, including forklifts; and (iii) automobiles, delivery trucks and other vehicles. A limited number of our lease agreements include rental payments that are adjusted periodically based on a market rate or index. Our lease agreements generally do not contain residual value guarantees or material restrictive covenants, with the exception of the non-cancellable synthetic lease discussed below. The following presents the components of our lease expense for the years ended November 30 (in millions): 2024 2023 2022 Operating lease cost $ 75.7 $ 74.6 $ 47.0 Finance lease cost: Amortization of ROU assets 9.0 9.0 9.0 Interest on lease liabilities 3.7 3.9 4.1 Net lease cost (1) $ 88.4 $ 87.5 $ 60.1 (1) Net lease cost does not include short-term leases or sublease income, both of which are immaterial. Supplemental balance sheet information related to leases as of November 30 were as follows (in millions): Leases Classification 2024 2023 Assets: Operating lease ROU assets Other long-term assets $ 211.0 $ 220.0 Finance lease ROU assets Property, plant and equipment, net 86.1 94.8 Total leased assets $ 297.1 $ 314.8 Liabilities: Current Operating Other accrued liabilities $ 55.7 $ 53.3 Finance Current portion of long-term debt 8.8 8.3 Non-current Operating Other long-term liabilities 166.6 179.9 Finance Long-term debt 94.5 103.0 Total lease liabilities $ 325.6 $ 344.5 In October 2020, we entered into a non-cancellable synthetic lease to consolidate as well as expand our distribution footprint in the mid-Atlantic region. We began to utilize this facility in September 2022. The five-year lease term will expire in November 2027. As of November 30, 2024, the total ROU asset associated with this facility was $50.6 million with a related lease obligation of $52.5 million, of which $16.9 million was included in the other accrued liabilities and $35.6 million was included in other long-term liabilities. As of November 30, 2023, the total ROU asset associated with this building was $64.9 million with a related lease obligation of $68.0 million, of which $16.2 million was included in other accrued liabilities and $51.8 million was included in other long-term liabilities. Rental payments include both a fixed and a variable component. The variable component is based on SOFR plus a margin, based on our credit rating. During the years ended November 30, 2024, 2023 and 2022, we recognized $28.8 million, $27.9 million, and $5.2 million, respectively, of rent expense related to the leased asset. The lease contains options to negotiate a renewal of the lease or to purchase or request the lessor to sell the facility at the end of the lease term. The lease arrangement contains a residual value guarantee of 76.5% of the lessor’s total construction cost, which approximated $310 million. We do not believe it is probable that any material amounts will be owed under these guarantees. Therefore, no material amounts related to the residual value guarantees are included in the lease payments used to measure the right-of-use assets and lease liabilities. The lease also contains covenants that are consistent with our revolving credit facilities, as disclosed in Note 5. Our Corporate functions, Americas' leadership, and U.S. staff operate out of our Hunt Valley, Maryland headquarters office building. The 15-year lease for that building began in April 2019 and is recognized as a finance lease. During each of the years ended November 30, 2024, 2023, and 2022, we recognized amortization expense of $8.7 million related to the leased asset. As of November 30, 2024, the total lease obligation associated with this building was $100.9 million, of which $8.5 million was included in the current portion of long-term debt and $92.4 million was included in long-term debt. As of November 30, 2023, the total lease obligation was $108.9 million, of which $8.0 million was included in the current portion of long-term debt and $100.9 million was included in long-term debt. Information regarding our lease terms and discount rates as of November 30 were as follows: 2024 2023 Weighted-average remaining lease term (years) Weighted-average discount rate Weighted-average remaining lease term (years) Weighted-average discount rate Operating leases 5.2 3.9 % 5.7 3.9 % Finance leases 10.2 3.4 % 11.2 3.4 % The future maturity of our lease liabilities as of November 30, 2024 were as follows (in millions): Operating leases Finance leases Total 2025 $ 63.9 $ 11.8 $ 75.7 2026 58.1 12.0 70.1 2027 52.3 12.2 64.5 2028 20.6 12.5 33.1 2029 13.9 12.7 26.6 Thereafter 40.1 69.0 109.1 Total lease payments 248.9 130.2 379.1 Less: Imputed interest 26.6 26.9 53.5 Total lease liabilities $ 222.3 $ 103.3 $ 325.6 Supplemental cash flow and other information related to leases for the years ended November 30 were as follows (in millions): 2024 2023 2022 Cash paid for amounts included in the measurements of lease liabilities: Operating cash flows used for operating leases $ 66.8 $ 64.5 $ 41.4 Operating cash flows used for finance leases 3.7 3.9 4.1 Financing cash flows used for finance leases 8.0 7.6 7.3 ROU assets obtained in exchange for lease liabilities Operating leases $ 47.6 $ 52.1 $ 133.8

Financial Instruments

Financial Instruments	12 Months Ended
	Nov. 30, 2024
Derivative Instrument Detail [Abstract]
Financial Instruments	FINANCIAL INSTRUMENTS We use derivative financial instruments to enhance our ability to manage risk, including foreign currency 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 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 contract and currency swaps with highly-rated financial institutions to reduce fluctuations in the long or short currency positions. Forward contracts are generally less than 12 months duration. Currency swap agreements are established in conjunction with the terms of the underlying debt issues. The following is a summary of the notional amounts of outstanding foreign currency exchange contracts as of November 30, 2024 and 2023: (millions) 2024 2023 Fair value hedges $ 818.1 $ 765.4 Cash flow hedges 216.1 235.0 Total $ 1,034.2 $ 1,000.4 All of these contracts were designated as hedges of anticipated purchases denominated in a foreign currency or hedges of foreign currency denominated assets or liabilities. Hedge ineffectiveness was not material. All foreign currency exchange contracts outstanding at November 30, 2024 have durations of less than 12 months, including $200.1 million of notional contracts that have durations of less than one month and are used to hedge short-term cash flow funding. Contracts which are designated as hedges of foreign currency denominated assets are considered fair value hedges. These foreign currency exchange contracts manage both exposure to currency fluctuations in certain intercompany loans between subsidiaries as well as currency exposure to third-party non-functional currency assets or liabilities. Gains and losses from contracts that are designated as hedges of assets, liabilities or firm commitments are recognized through income, offsetting the change in fair value of the hedged item. 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. The gains and losses on these contracts are deferred in accumulated other comprehensive income until the hedged item is recognized in cost of goods sold, at which time the net amount deferred in accumulated other comprehensive income is also recognized in cost of goods sold. We also utilize cross currency interest rate swap contracts that are designated as net investment hedges. Any gains or losses on net investment hedges are included in foreign currency translation adjustments in accumulated other comprehensive loss. As of November 30, 2024 and 2023, we had cross currency interest rate swap contracts of (i) $250 million notional value to receive $250 million at USD SOFR plus 0.907% and pay £194.1 million at three-month GBP SONIA plus 0.859% and (ii) £194.1 million notional value to receive £194.1 million at three-month GBP SONIA plus 0.859% and pay €221.8 million at three-month Euro EURIBOR plus 0.808%. These cross-currency interest rate swap contracts expire in August 2027. In conjunction with the phase-out of LIBOR, during 2023 we amended the terms of this cross currency swap such that, effective February 15, 2023, we pay and receive at USD SOFR plus 0.907% (previously USD LIBOR plus 0.685%). As of November 30, 2024, we also had cross currency interest rate swap contracts of $250 million notional value to receive $250 million at USD SOFR plus 0.684% and pay £184.1 million at GBP SONIA plus 0.574% and (ii) £184.1 million notional value to receive £184.1 million at GBP SONIA plus 0.574% and pay €219.2 million at Euro ESTR plus 0.667%, both of which expire in April 2030. Interest Rates We finance a portion of our operations with both fixed and variable rate debt instruments, primarily commercial paper, notes and bank loans. We utilize interest rate swap agreements to minimize worldwide financing costs and to achieve a desired mix of variable and fixed rate debt. The following is a summary of our outstanding interest rate swaps as of November 30, 2024 and 2023 ($ amounts in millions). Fair value hedge of changes in fair value of: $250 3.25% notes due 2025 $750 3.40% notes due 2027 $500 2.50% notes due 2030 Notional $ 100.0 $ 250.0 $ 250.0 Receive rate 3.25 % 3.40 % 2.50 % Pay rate SOFR + 1.487% (1) SOFR + 0.907% (2) SOFR + 0.684% Expiration November 2025 August 2027 April 2030 (1) In 2023, we amended our $100 million interest rate swaps which expire in November 2025 such that, effective February 15, 2023, we pay and receive at USD SOFR plus 1.487% (previously U.S. three-month LIBOR plus 1.22%). (2) In 2023, we amended our $250 million interest rate swaps which expire in August 2027 such that, effective February 15, 2023, we pay and receive at USD SOFR plus 0.907% (previously U.S. three-month LIBOR plus 0.685%). Any unrealized gain or loss on these swaps was offset by a corresponding increase or decrease in the value of the hedged debt. Hedge ineffectiveness was not material. The following tables disclose the notional amount and fair values of derivative instruments on our consolidated balance sheet: As of (millions) Asset Derivatives Liability Derivatives Derivatives Balance sheet Notional amount Fair value Balance sheet Notional amount Fair value Interest rate contracts Other current $ — $ — Other accrued liabilities/Other long-term liabilities $ 600.0 $ 37.9 Foreign exchange contracts Other current assets 374.4 5.2 Other accrued liabilities 659.8 12.5 Cross currency contracts Other current assets/Other long-term assets 945.5 36.8 Other accrued liabilities/Other long-term liabilities — — Total $ 42.0 $ 50.4 As of (millions) Asset Derivatives Liability Derivatives Derivatives Balance sheet Notional amount Fair value Balance sheet Notional amount Fair value Interest rate contracts Other current $ — $ — Other accrued liabilities/Other long-term liabilities $ 600.0 $ 52.8 Foreign exchange contracts Other current assets 161.3 2.5 Other accrued liabilities 839.1 16.0 Cross currency contracts Other current assets/Other long-term assets 719.6 24.6 Other accrued liabilities/Other long-term liabilities 238.9 7.5 Total $ 27.1 $ 76.3 The following tables disclose the impact of derivative instruments on other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our consolidated income statement for the years ended November 30, 2024, 2023, and 2022: Fair value hedges (millions) Income statement Income (expense) Derivative 2024 2023 2022 Interest rate contracts Interest expense $ (19.7) $ (17.7) $ 4.0 Income statement location Gain (loss) recognized in income Income statement location Gain (loss) recognized in income Derivative 2024 2023 2022 Hedged Item 2024 2023 2022 Foreign exchange contracts Other income, net $ (9.0) $ (16.2) $ 6.6 Intercompany loans Other income, net $ 4.0 $ 15.6 $ (6.3) Cash flow hedges (millions) Gain (loss) Income statement location Gain (loss) Derivative 2024 2023 2022 2024 2023 2022 Interest rate contracts $ — $ (2.6) $ 18.7 Interest expense, Other income, net $ (0.6) $ 0.1 $ 19.2 Foreign exchange contracts (0.1) (0.7) 5.3 Cost of goods sold 1.6 0.2 1.6 Total $ (0.1) $ (3.3) $ 24.0 $ 1.0 $ 0.3 $ 20.8 In March 2022, we entered into treasury lock arrangements with a notional amount totaling $200 million in order to manage our interest rate risk associated with the anticipated issuance of at least $200 million of fixed rate debt by August 2022. These treasury locks had a maturity date of August 12, 2022 and an average fixed rate of 1.89%. We designated these treasury lock arrangements as cash flow hedges with any unrealized gain, prior to settlement, recognized in accumulated other comprehensive income. In July 2022, we settled the $200 million notional treasury locks upon determining we would not issue fixed rate debt but rather enter into the previously described $500 million 364-day revolving credit facility. The proceeds received upon settlement of these treasury lock arrangements were $18.7 million and were recognized in Other income, net in our consolidated income statements for the year ended November 30, 2022. The amount of gain or loss recognized in income on the ineffective portion of derivative instruments is not material. For all cash flow and settled interest rate fair value hedge derivatives, the net amount of accumulated other comprehensive income expected to be reclassified into income related to these contracts in the next twelve months is a $0.1 million decrease to earnings. Net investment hedges (millions) Gain (loss) Income statement location Gain (loss) Derivative 2024 2023 2022 2024 2023 2022 Cross currency contracts $ 19.5 $ (18.4) $ 37.6 Interest expense $ 9.1 $ 11.2 $ 7.3 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. Concentrations of Credit Risk We are potentially exposed to concentrations of credit risk with trade accounts receivable and financial instruments. The customers of our consumer segment are predominantly food retailers and food wholesalers. Consolidations in these industries have created larger customers. In addition, competition has increased with the growth in alternative channels including mass merchandisers, dollar stores, warehouse clubs, discount chains and e-commerce. This has caused some customers to be less profitable and increased our exposure to credit risk. We generally have a large and diverse customer base which limits our concentration of credit risk. At November 30, 2024, we did not have amounts due from any single customer that exceed 10% of consolidated trade accounts receivable. Current credit markets are highly volatile and some of our customers and counterparties are highly leveraged. We continue to closely monitor the credit worthiness of our customers and counterparties and generally do not require collateral. We believe that the allowance for doubtful accounts properly recognized trade receivables at realizable value. We consider nonperformance credit risk for other financial instruments to be insignificant.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Nov. 30, 2024
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 management’s own assumptions. Our population of assets and liabilities subject to fair value measurements on a recurring basis are as follows: Fair value measurements using fair (millions) Fair value Level 1 Level 2 Assets: Cash and cash equivalents $ 186.1 $ 186.1 $ — Insurance contracts 129.2 — 129.2 Bonds and other long-term investments 1.3 1.3 — Foreign currency derivatives 5.2 — 5.2 Cross currency contracts 36.8 — 36.8 Total $ 358.6 $ 187.4 $ 171.2 Liabilities: Interest rate derivatives $ 37.9 $ — $ 37.9 Foreign currency derivatives 12.5 — 12.5 Total $ 50.4 $ — $ 50.4 Fair value measurements using fair (millions) Fair value Level 1 Level 2 Assets: Cash and cash equivalents $ 166.6 $ 166.6 $ — Insurance contracts 114.7 — 114.7 Bonds and other long-term investments 0.3 0.3 — Foreign currency derivatives 2.5 — 2.5 Cross currency contracts 24.6 — 24.6 Total $ 308.7 $ 166.9 $ 141.8 Liabilities: Interest rate derivatives $ 52.8 $ — $ 52.8 Foreign currency derivatives 16.0 — 16.0 Cross currency contracts 7.5 — 7.5 Total $ 76.3 $ — $ 76.3 At November 30, 2024 and 2023, we had no financial assets or liabilities that were subject to a level 3 fair value measurement. At November 30, 2024 and 2023, the carrying amount of interest rate derivatives, foreign currency derivatives, cross currency contracts, insurance contracts, and bond and other long-term investments are equal to their respective fair values. 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. Investments in affiliates are not readily marketable, and it is not practicable to estimate their fair value. Insurance contracts, bonds, and other long-term investments are comprised of fixed income and equity securities held for certain non-qualified U.S. employee benefit plans and are stated at fair value on the balance sheet. 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 derivatives, foreign currency derivatives, and cross currency contracts are based on values for similar instruments using models with market-based inputs. The carrying amount and fair value of long-term debt, including the current portion, as of November 30 were as follows: (millions) 2024 2023 Carrying Fair Carrying Fair Long-term debt (including current portion) $ 3,858.8 $ 3,677.1 $ 4,139.2 $ 3,841.0 Level 1 valuation techniques 3,557.3 3,682.0 Level 2 valuation techniques 119.8 159.0

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Nov. 30, 2024
Equity [Abstract]
COMPREHENSIVE INCOME	. ACCUMULATED OTHER COMPREHENSIVE LOSS The following table sets forth the components of accumulated other comprehensive loss, net of tax where applicable, as of November 30 (in millions): 2024 2023 Accumulated other comprehensive loss, net of tax where applicable Foreign currency translation adjustment (1) $ (392.0) $ (305.7) Unrealized net gain on foreign currency exchange contracts 2.1 0.8 Unamortized value of settled interest rate swaps (1.6) (2.7) Pension and other postretirement costs (99.7) (81.0) $ (491.2) $ (388.6) (1) During the year ended November 30, 2024, the foreign currency translation adjustment of accumulated other comprehensive loss increased on a net basis by $86.3 million, inclusive of $19.5 million of unrealized gains associated with net investment hedges. During the year ended November 30, 2023, the foreign currency translation adjustment of accumulated other comprehensive loss decreased on a net basis by $(99.6) million, inclusive of $(18.4) million of unrealized losses associated with net investment hedges. These net investment hedges are more fully described in Note 7. The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the years ended November 30: (millions) Affected line items in the consolidated income statement Accumulated other comprehensive income (loss) components 2024 2023 2022 (Gains)/losses on cash flow hedges: Interest rate derivatives $ 0.6 $ (0.1) $ (0.5) Interest expense Treasury lock contracts (1) — — (18.7) Other income, net Foreign exchange contracts (1.6) (0.2) (1.6) Cost of goods sold Total before taxes (1.0) (0.3) (20.8) Tax effect 0.2 0.1 4.9 Income taxes Net, after tax $ (0.8) $ (0.2) $ (15.9) Amortization of pension and postretirement benefit adjustments: Amortization of prior service costs (2) $ 0.3 $ 0.3 $ 0.3 Other income, net Amortization of net actuarial (gains) losses (2) (3.4) (2.1) 9.9 Other income, net Total before taxes (3.1) (1.8) 10.2 Tax effect 0.8 0.4 (2.4) Income taxes Net, after tax $ (2.3) $ (1.4) $ 7.8 (1) The settlement of these treasury locks is further described in Note 7. (2) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and total other postretirement expense (refer to Note 10 for additional details).

Employee Benefit And Retirement

Employee Benefit And Retirement Plans	12 Months Ended
	Nov. 30, 2024
Retirement Benefits, Description [Abstract]
Employee Benefit And Retirement Plans	EMPLOYEE BENEFIT AND RETIREMENT PLANS We sponsor defined benefit pension plans in the U.S. and certain foreign locations. In addition, we sponsor defined contribution plans in the U.S. We contribute to defined contribution plans in locations outside the U.S., including government-sponsored retirement plans. We also currently provide postretirement medical and life insurance benefits to certain U.S. employees and retirees. We previously froze the accrual of certain defined benefit pension plans in the U.S., the United Kingdom and Canada with effective dates of the plan being frozen occurring between December 31, 2016 and November 30, 2019. Although those plans have been frozen, employees who are participants in the plans retained benefits accumulated up to the date of the freeze, based on credited service and eligible earnings, in accordance with the terms of the plans. Included in our consolidated balance sheet as of November 30, 2024 on the line entitled "Accumulated other comprehensive loss" was $127.2 million ($99.7 million net of tax) related to net unrecognized actuarial losses that have not yet been recognized in net periodic pension or postretirement benefit cost. Defined Benefit Pension Plans The significant assumptions used to determine benefit obligations are as follows as of November 30: United States International 2024 2023 2024 2023 Discount rate—funded plans 5.3 % 6.0 % 4.7 % 5.1 % Discount rate—unfunded plan 5.3 % 6.0 % — % — % Salary scale — % — % 2.9 % 2.9 % The significant assumptions used to determine pension expense for the years ended November 30 are as follows: United States International 2024 2023 2022 2024 2023 2022 Discount rate—funded plans 6.0 % 5.4 % 2.9 % 5.1 % 4.5 % 2.1 % Discount rate—unfunded plan 6.0 % 5.4 % 2.8 % — % — % — % Salary scale — % — % — % 2.9 % 2.9 % 2.9 % Expected return on plan assets 6.3 % 6.8 % 6.8 % 5.2 % 4.9 % 3.7 % Annually, we undertake a process, with the assistance of our external investment consultants, to evaluate the appropriate projected rates of return to use for our pension plans’ assumptions. We engage our investment consultants' research teams to develop capital market assumptions for each asset category in our plans to project investment returns into the future. The specific methods used to develop expected return assumptions vary by asset category. We adjust the outcomes for the fact that plan assets are invested with actively managed funds and subject to tactical asset reallocation. Our pension expense (income) for the years ended November 30 was as follows: United States International (millions) 2024 2023 2022 2024 2023 2022 Service cost $ 1.5 $ 2.0 $ 3.6 $ 0.6 $ 0.6 $ 0.9 Interest costs 37.3 36.1 26.3 10.6 9.9 7.0 Expected return on plan assets (39.6) (42.3) (42.8) (16.1) (15.1) (12.3) Amortization of prior service costs 0.5 0.5 0.5 0.1 0.1 0.1 Amortization of net actuarial loss (gain) (0.4) 0.2 8.6 (0.3) (0.1) 1.3 Settlement loss — — — — — 0.3 Total pension expense (income) $ (0.7) $ (3.5) $ (3.8) $ (5.1) $ (4.6) $ (2.7) A roll forward of the benefit obligation, fair value of plan assets and a reconciliation of the pension plans’ funded status as of November 30, the measurement date, follows: United States International (millions) 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 645.3 $ 687.5 $ 214.0 $ 220.1 Service cost 1.5 2.0 0.6 0.6 Interest costs 37.3 36.1 10.6 9.9 Plan settlements — — — (0.1) Actuarial (gain) loss 56.3 (34.7) 7.8 (11.1) Benefits paid (45.4) (45.6) (13.5) (13.3) Foreign currency impact — — (2.6) 7.9 Benefit obligation at end of year $ 695.0 $ 645.3 $ 216.9 $ 214.0 Change in fair value of plan assets: Fair value of plan assets at beginning of year $ 630.7 $ 657.7 $ 267.0 $ 275.1 Actual return on plan assets 76.2 10.3 21.1 (5.3) Employer contributions 9.2 8.3 0.8 0.9 Benefits paid (45.4) (45.6) (13.5) (13.3) Foreign currency impact — — (3.0) 9.6 Fair value of plan assets at end of year $ 670.7 $ 630.7 $ 272.4 $ 267.0 Funded status $ (24.3) $ (14.6) $ 55.5 $ 53.0 Pension plans in which accumulated benefit obligation exceeded plan assets Projected benefit obligation $ 116.3 $ 109.1 $ 14.7 $ 14.0 Accumulated benefit obligation 113.3 105.5 12.3 11.7 Fair value of plan assets 38.0 32.7 1.8 1.6 The accumulated benefit obligation is the present value of pension benefits (whether vested or unvested) attributed to employee service rendered before the measurement date and based on employee service and compensation prior to that date. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation or service levels. The accumulated benefit obligation for the U.S. pension plans was $692.0 million and $641.8 million as of November 30, 2024 and 2023, respectively. The accumulated benefit obligation for the international pension plans was $214.5 million and $211.8 million as of November 30, 2024 and 2023, respectively. Included in the U.S. in the preceding table is a benefit obligation of $75.1 million and $72.7 million for 2024 and 2023, respectively, related to our Supplemental Executive Retirement Plan (SERP). The assets related to this plan, which totaled $73.1 million and $70.2 million as of November 30, 2024 and 2023, respectively, are held in a rabbi trust and accordingly have not been included in the preceding table. Amounts recorded in the balance sheet for all defined benefit pension plans as of November 30 consist of the following: United States International (millions) 2024 2023 2024 2023 Non-current pension asset $ 54.0 $ 61.7 $ 68.4 $ 65.3 Accrued pension liability 78.3 76.4 12.9 12.4 Deferred income tax assets 28.6 23.3 3.8 3.3 Accumulated other comprehensive loss, net of tax 84.8 70.4 31.1 28.6 Our defined benefit pension plans investment strategy is subject to the asset/liability profiles of the plans in each individual country. The investment objectives of the defined benefit pension plans are to provide assets to meet the current and future obligations of the plans at a reasonable cost to us. Our goal is to optimize the long-term return on plan assets at a moderate level of risk. The investment policy specifies the type of investment vehicles appropriate for the plans, asset allocation guidelines, criteria for the selection of investment managers, procedures to monitor overall investment performance as well as investment manager performance. Higher-returning assets include mutual, co-mingled and other funds comprised of equity securities, utilizing both active and passive investment styles. These more volatile assets are balanced with less volatile assets, primarily mutual, co-mingled and other funds comprised of fixed income securities. Professional investment firms are engaged to provide advice on the selection and monitoring of investment funds, and to provide advice on the allocation of plan assets across the various fund managers. This advice is based in part on the duration of each plan’s liability. The allocations of U.S. pension plan assets as of November 30, by asset category, were as follows: Actual 2024 Asset Category 2024 2023 Target Equity securities 22.1 % 34.3 % 25.3 % Fixed income securities 69.9 % 53.0 % 69.2 % Other 8.0 % 12.7 % 5.5 % Total 100.0 % 100.0 % 100.0 % The allocations of the international pension plans’ assets as of November 30, by asset category, were as follows: Actual 2024 Asset Category 2024 2023 Target Equity securities 7.9 % 11.3 % 7.3 % Fixed income securities 86.4 % 83.0 % 86.8 % Other 5.7 % 5.7 % 5.9 % Total 100.0 % 100.0 % 100.0 % The following tables set forth by level, within the fair value hierarchy as described in Note 8, pension plan assets at their fair value as of November 30 for the United States and international plans: As of November 30, 2024 United States (millions) Total Level 1 Level 2 Cash and cash equivalents $ 4.4 $ 4.4 $ — Equity securities: U.S. equity securities (a) 81.2 — 81.2 International equity securities (b) 50.3 — 50.3 Fixed income securities: U.S. government/corporate bonds (c) 417.0 — 417.0 High yield bonds (d) 42.9 — 42.9 Insurance contracts (f) 1.2 — 1.2 Total $ 597.0 $ 4.4 $ 592.6 Investments measured at net asset value (i) Hedge funds (j) 29.6 Private equity funds (k) 16.8 Private debt funds (l) 8.0 Real estate (m) 19.3 Total investments $ 670.7 As of November 30, 2024 International (millions) Total Level 1 Level 2 Cash and cash equivalents $ 6.4 $ 6.4 $ — International equity securities (b) 21.6 — 21.6 Fixed income securities: International/government/corporate bonds (e) 220.7 — 220.7 Insurance contracts (f) 14.7 — 14.7 Real estate (g) 9.0 — 9.0 Total investments $ 272.4 $ 6.4 $ 266.0 As of November 30, 2023 United States (millions) Total Level 1 Level 2 Cash and cash equivalents $ 14.2 $ 14.2 $ — Equity securities: U.S. equity securities (a) 108.5 35.5 73.0 International equity securities (b) 87.5 — 87.5 Fixed income securities: U.S./government/ corporate bonds (c) 275.2 88.6 186.6 High yield bonds (d) 49.5 — 49.5 Insurance contracts (f) 1.1 — 1.1 Other types of investments: Real estate (g) 1.6 — 1.6 Natural resources (h) 0.4 — 0.4 Total $ 538.0 $ 138.3 $ 399.7 Investments measured at net asset value (i) Hedge funds (j) 49.3 Private equity funds (k) 8.2 Private debt funds(l) 20.4 Real estate (m) 14.8 Total investments $ 630.7 As of November 30, 2023 International (millions) Total Level 1 Level 2 Cash and cash equivalents $ 10.6 $ 10.6 $ — International equity securities (b) 30.2 — 30.2 Fixed income securities: International/government/corporate bonds (e) 207.7 — 207.7 Insurance contracts (f) 13.9 — 13.9 Real estate (g) 4.6 4.6 Total investments $ 267.0 $ 10.6 $ 256.4 (a) This category comprises equity funds and collective equity trust funds that most closely track the S&P index and other equity indices. (b) This category comprises international equity funds with varying benchmark indices. (c) This category comprises funds consisting of U.S. government and U.S. corporate bonds and other fixed income securities. An appropriate benchmark is the Barclays Capital Aggregate Bond Index. (d) This category comprises funds consisting of a variety of fixed income securities with varying benchmark indices. (e) This category comprises funds consisting of international government/corporate bonds and other fixed income securities with varying benchmark indices. (f) This category comprises insurance contracts, the majority of which have a guaranteed investment return. (g) This category comprises funds investing in real estate investment trusts (REIT). Appropriate benchmarks are the MSCI U.S. REIT Index and the MSCI REALPAC Canada Property Index, for the U.S. and International holdings, respectively. (h) This category comprises funds investing in natural resources. An appropriate benchmark is the Alerian master limited partnership (MLP) Index. (i) Certain investments that are valued using the net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. These are included to permit reconciliation of the fair value hierarchy to the aggregate pension plan assets. (j) This category comprises hedge funds investing in strategies represented in various HFRI Fund Indices. The net asset value is generally based on the valuation of the underlying investment. Limitations exist on the timing from notice by the plan of its intent to redeem and actual redemptions of these funds and generally range from a minimum of one month to several months. (k) This category comprises private equity, venture capital and limited partnerships. The net asset is based on valuation models of the underlying securities as determined by the general partner or general partner's designee. These valuation models include unobservable inputs that cannot be corroborated using verifiable observable market data. These funds typically have redemption periods of approximately 10 years. (l) This category comprises limited partnerships funds investing in senior loans, mezzanine and distressed debt. The net asset is based on valuation models of the underlying securities as determined by the general partner or general partner's designee. These valuation models include unobservable inputs that cannot be corroborated using verifiable observable market data. These funds typically have redemption periods of approximately 10 years. (m) This category comprises private real estate funds. The net asset is based on valuation models of the underlying securities as determined by the general partner or general partner's designee. These valuation models include unobservable inputs that cannot be corroborated using verifiable observable market data. These funds have no redemption restrictions. For the plans’ hedge funds, private equity funds and private debt funds, we engage an independent advisor to compare the funds’ returns to other funds with similar strategies. Each fund is required to have an annual audit by an independent accountant, which is provided to the independent advisor. This provides a basis of comparability relative to similar assets. As of November 30, 2023, equity securities in the U.S. pension plans included McCormick stock with a fair value of $35.5 million (0.6 million shares and 5.4% of total U.S. pension plan assets). Dividends paid on these shares were $0.8 million and $0.9 million in 2024 and 2023, respectively. Pension benefit payments in our most significant plans are made from assets of the pension plans. It is anticipated that future benefit payments for the U.S. and international plans for the next 10 fiscal years will be as follows: (millions) United States International 2025 $ 49.7 $ 12.5 2026 50.6 11.8 2027 51.4 13.1 2028 51.8 12.4 2029 52.4 13.6 2030-2035 257.6 71.0 U.S. Defined Contribution Retirement Plans For our U.S. qualified and non-qualified defined contribution retirement plans, we match 100% of a participant’s contribution up to the first 3% of the participant’s eligible compensation, and 66.7% of the next 3% of the participant’s salary. In addition, we make contributions of 3% of the participant's eligible compensation for all U.S. employees who are employed on December 31 of each year. Some of our smaller subsidiaries sponsor separate 401(k) retirement plans. Our contributions charged to expense under all U.S. defined contribution retirement plans were $34.7 million, $29.7 million and $30.5 million in 2024, 2023, and 2022, respectively. At the participants' election, 401(k) retirement plans held 2.1 million shares of McCormick stock, with a fair value of $159.5 million, at November 30, 2024. Dividends paid on the shares held in the 401(k) retirement plans in 2024 and 2023 were $3.6 million and $3.8 million, respectively. Postretirement Benefits Other Than Pensions We currently provide postretirement medical and life insurance benefits to certain U.S. employees who were covered under the active employees’ plan and retire after age 55 with at least five years of service. The subsidy provided under these plans is based primarily on age at date of retirement. These benefits are not pre-funded but paid as incurred. Employees hired after December 31, 2008 are not eligible for a company subsidy. They are eligible for coverage on an access-only basis. Our other postretirement benefit expense for the years ended November 30 follows: (millions) 2024 2023 2022 Service cost $ 0.8 $ 1.3 $ 1.8 Interest costs 2.4 2.6 1.6 Amortization of prior service credits (0.3) (0.3) (0.3) Amortization of actuarial gains (2.7) (2.2) (0.3) Postretirement benefit expense $ 0.2 $ 1.4 $ 2.8 Roll forwards of the benefit obligation, fair value of plan assets and a reconciliation of the plans’ funded status at November 30, the measurement date, follow: (millions) 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 47.1 $ 52.9 Service cost 0.8 1.3 Interest costs 2.4 2.6 Participant contributions 2.8 2.5 Actuarial (gain) loss (1.1) (5.6) Benefits paid (7.0) (6.6) Benefit obligation at end of year $ 45.0 $ 47.1 Change in fair value of plan assets: Fair value of plan assets at beginning of year $ — $ — Employer contributions 4.2 4.1 Participant contributions 2.8 2.5 Benefits paid (7.0) (6.6) Fair value of plan assets at end of year $ — $ — Other postretirement benefit liability $ 45.0 $ 47.1 Estimated future benefit payments (net of employee contributions) for the next 10 fiscal years are as follows: (millions) Retiree Retiree life Total 2025 $ 3.2 $ 1.4 $ 4.6 2026 3.1 1.4 4.5 2027 3.0 1.3 4.3 2028 2.9 1.3 4.2 2029 2.8 1.2 4.0 2030-2035 13.0 5.5 18.5 The assumed discount rate in determining the benefit obligation was 5.2% and 5.4% for 2024 and 2023, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION We have four types of stock-based compensation awards: restricted stock units (RSUs), stock options, company stock awarded as part of our long-term performance plan (LTPP), and price-vested stock options. Total stock-based compensation expense for 2024, 2023, and 2022 was $47.4 million, $63.4 million and $60.3 million, respectively. Total unrecognized stock-based compensation expense related to our RSUs and stock options at November 30, 2024 was $25.5 million and the weighted-average period over which this will be recognized is 1.3 years. All stock-based compensation expense related to our price-vested stock options was fully recognized as of November 30, 2023. Total unrecognized stock-based compensation expense related to our LTPP is variable in nature and is dependent on the Company's execution against established performance metrics under performance cycles related to this plan. As of November 30, 2024, we have 3.0 million shares of common stock remaining available for future issuance under our stock-based compensation programs. The following summarizes the key terms, a summary of activity, and the methods of valuation for each of our stock-based compensation awards. RSUs RSUs are valued at the market price of the underlying stock, discounted by foregone dividends, on the date of grant. Substantially all of the RSUs granted vest over a three-year term or, if earlier, upon the retirement eligibility date of the holder. A summary of our RSU activity for the years ended November 30 follows: (shares in thousands) 2024 2023 2022 Shares Weighted- Shares Weighted- Shares Weighted- Beginning of year 494 $ 76.94 480 $ 77.62 563 $ 69.52 Granted 282 72.77 264 77.53 208 94.21 Vested (214) 79.13 (225) 78.16 (251) 71.86 Forfeited (29) 79.73 (25) 85.21 (40) 85.42 Outstanding—end of year 533 $ 73.68 494 $ 76.94 480 $ 77.62 Stock Options (Other than Price-Vested Stock Options) Stock options are granted with an exercise price equal to the market price of the stock on the date of grant. Substantially all of the options, with the exception of price-vested options detailed below, vest ratably over a three-year period or, if earlier, upon the retirement-eligibility dates of the holders and are exercisable over a 10-year period. Upon exercise of the option, shares are issued from our authorized and unissued shares. The fair value of the options is estimated with a lattice option pricing model which uses the assumptions in the following table. We believe the lattice model provides an appropriate estimate of fair value of our options as it allows for a range of possible outcomes over an option term and can be adjusted for changes in certain assumptions over time. Expected volatilities are based primarily on the historical performance of our stock. We also use historical data to estimate the timing and amount of option exercises and forfeitures within the valuation model. The expected term of the options is an output of the option pricing model and estimates the period of time that options are expected to remain unexercised. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation expense is calculated based on the fair value of the options on the date of grant. The per share weighted-average fair value for all options granted was $17.63, $19.35 and $22.08 in 2024, 2023, and 2022, respectively. These fair values were computed using the following range of assumptions for the years ended November 30: 2024 2023 2022 Risk-free interest rates 4.1% - 5.5% 3.5% - 4.9% 0.2% - 2.5% Dividend yield 2.3 % 1.9 % 1.5 % Expected volatility 22.8 % 21.8 % 21.2 % Expected lives 7.1 years 7.3 years 7.6 years Under our stock option plans, we may issue shares on a net basis at the request of the option holder. This occurs by netting the option cost in shares from the shares exercised. A summary of our stock option activity for the years ended November 30 follows: (shares in millions) 2024 2023 2022 Shares Weighted- Shares Weighted- Shares Weighted- Beginning of year 5.3 $ 70.43 4.8 $ 67.08 5.0 $ 59.71 Granted 1.2 72.88 0.9 81.79 0.7 97.26 Exercised (0.3) 45.69 (0.3) 47.86 (0.8) 47.58 Forfeited (0.1) 84.00 (0.1) 87.11 (0.1) 88.40 Outstanding—end of year 6.1 72.25 5.3 70.43 4.8 67.08 Exercisable—end of year 4.4 $ 69.91 4.0 $ 64.74 3.5 $ 58.03 As of November 30, 2024, the intrinsic value (the difference between the exercise price and the market price) for options currently outstanding was $60.6 million and for options exercisable was $55.6 million. At November 30, 2024 the differences between options outstanding and options expected to vest and their related weighted-average exercise prices, aggregate intrinsic values, and weighted-average remaining lives were not material. The total intrinsic value of all options exercised during the years ended November 30, 2024, 2023, and 2022 was $10.7 million, $11.3 million and $41.0 million, respectively. A summary of our stock options outstanding and exercisable at November 30, 2024 follows: (shares in millions) Options outstanding Options exercisable Range of Shares Weighted- Weighted- Shares Weighted- Weighted- $38.00 - $58.00 1.7 2.2 $ 49.95 1.7 2.2 $ 49.95 $58.01 - $78.00 2.2 7.3 72.19 1.1 5.4 70.79 $78.01 - $98.00 2.2 7.4 88.78 1.6 7.1 89.93 6.1 5.9 $ 72.25 4.4 4.8 $ 69.91 Price-Vested Stock Options In November 2020, we granted approximately 2,482,000 price-vested stock options to certain employees. The price-vested stock options were granted with an exercise price of $93.49 which was equal to the market price of our stock on the date of grant. The price-vested options are not exercisable until a three year service condition is achieved, and will become exercisable after that time period only if the average closing price of our stock price equals or exceeds thresholds of 60%, 80% or 100% appreciation from the exercise price for 30 consecutive trading days within a five-year period from the date of grant. If the options become exercisable, they are exercisable up to 10 years from the date of grant. The options granted were divided equally between the three appreciation thresholds. Employees who retire vest on a pro-rata basis over a three-year period if the market condition is met in the five-year period from the date of grant. If the market conditions are not met in the five-year period from the date of grant, the options do not become exercisable and will be forfeited. The fair value of the price-vested options was estimated using a lattice model. The per share weighted-average fair value for the price-vested stock options granted was $11.88, $9.26, and $7.05, for the 60%, 80% and 100% appreciation thresholds, respectively. These fair values were computed using the following range of assumptions: Risk-free interest rates 0.85 % Dividend yield 1.5 % Expected volatility 21.2 % Expected lives 5.6 - 6.2 years The following is a summary of our Price-Vested Stock Options activity for the years ended November 30: (shares in thousands) 2024 2023 2022 Number Weighted- Number Weighted- Number Weighted- Beginning of year 2,055 $ 9.40 2,107 $ 9.40 2,193 $ 9.40 Forfeited — — (52) 9.40 (86) 9.40 Outstanding—end of year 2,055 $ 9.40 2,055 $ 9.40 2,107 $ 9.40 As of November 30, 2024, 2023, and 2022, the outstanding options are divided equally between the three appreciation thresholds. LTPP LTPP awards granted in 2024, 2023, and 2022 will be delivered in company stock, with the award attainment calculated as a percentage of target based on a combination of a performance-based component and a market-based total shareholder return. These awards are valued based on the fair value of the underlying stock and the estimated fair value associated with the total shareholder return on the date of grant. A summary of the LTPP award activity for the years ended November 30 follows: (shares in thousands) 2024 2023 2022 Shares Weighted- Shares Weighted- Shares Weighted- Beginning of year 474 $ 94.34 451 $ 106.32 497 $ 83.74 Granted 192 66.49 167 89.00 152 95.00 Vested (181) 98.30 (176) 86.14 (251) 75.26 Performance adjustment 73 95.00 61 98.30 59 86.14 Forfeited (19) 84.71 (29) 92.31 (6) 95.37 Outstanding—end of year 539 $ 83.45 474 $ 94.34 451 $ 106.32

Income Taxes

Income Taxes	12 Months Ended
	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The provision for income taxes for the years ended November 30 consists of the following: (millions) 2024 2023 2022 Income taxes Current Federal $ 103.0 $ 82.4 $ 62.8 State 16.6 15.1 14.8 International 94.7 82.4 69.2 214.3 179.9 146.8 Deferred Federal (15.2) (2.2) 37.1 State (6.3) 2.7 (3.2) International (8.8) (5.9) (12.1) (30.3) (5.4) 21.8 Total income tax expense (benefit) $ 184.0 $ 174.5 $ 168.6 The components of income from consolidated operations before income taxes for the years ended November 30 follow: (millions) 2024 2023 2022 Pretax income United States $ 634.8 $ 569.6 $ 600.7 International 263.5 229.1 212.1 $ 898.3 $ 798.7 $ 812.8 A reconciliation of the U.S. federal statutory rate with the effective tax rate for the years ended November 30 follows: 2024 2023 2022 Federal statutory tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefits 0.9 1.9 1.2 International tax at different effective rates 0.6 0.3 (0.1) U.S. tax on remitted and unremitted earnings 1.8 0.9 0.6 Stock compensation expense — — (1.1) Changes in prior year tax contingencies (1.4) (0.8) (0.8) Legal entity reorganization (2.3) — — Valuation allowances 0.7 (0.4) (0.6) U.S. research credits (1.3) (1.5) (1.0) Other, net 0.5 0.4 1.5 Total 20.5 % 21.8 % 20.7 % Deferred tax assets and liabilities are comprised of the following as of November 30: (millions) 2024 2023 Deferred tax assets Employee benefit liabilities $ 48.9 $ 46.6 Other accrued liabilities 36.0 38.8 Inventory 18.3 18.9 Tax loss and credit carryforwards 69.0 63.8 Lease liabilities 10.6 13.6 Research expenditures 64.0 31.4 Other 28.0 27.7 Valuation allowance (33.5) (25.9) 241.3 214.9 Deferred tax liabilities Depreciation 96.8 99.5 Intangible assets 849.5 866.8 Lease ROU assets 16.1 13.2 Other 19.7 12.7 982.1 992.2 Net deferred tax liability $ (740.8) $ (777.3) At November 30, 2024, we have tax loss carryforwards of $178.1 million. Of these carryforwards, $3.8 million expire in 2025, $13.0 million from 2026 through 2027, $45.5 million from 2028 through 2041, and $115.8 million may be carried forward indefinitely. At November 30, 2024, we also have U.S. foreign tax credit carryforwards of $21.4 million. Of these carryforwards, $6.2 million expires in 2030, $8.1 million from 2031 through 2032, and $7.1 million from 2033 through 2034. A valuation allowance has been provided to cover deferred tax assets that are not more likely than not realizable. The net increase of $7.6 million in the valuation allowance from November 30, 2023 to November 30, 2024 resulted primarily from the net increase of valuation allowances for net operating losses and other tax attributes in the U.S. and certain non-U.S. jurisdictions. Income taxes are not provided for unremitted earnings of our non-U.S. subsidiaries and joint ventures where our intention is to reinvest those earnings indefinitely. As of November 30, 2024, we have $1.6 billion of earnings that are considered indefinitely reinvested. We have not provided any deferred taxes with respect to items such as foreign withholding taxes, other income taxes, or foreign exchange gain or loss with respect to those earnings. It is not practicable for us to determine the amount of unrecognized tax expense on these reinvested international earnings. The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended November 30: (millions) 2024 2023 2022 Balance at beginning of year $ 24.0 $ 25.1 $ 26.8 Additions for current year tax positions 4.4 3.9 4.7 Additions for prior year tax positions — 1.3 0.1 Reductions of prior year tax positions — (3.6) (0.8) Statute expirations (10.5) (1.3) (5.0) Settlements — (1.3) — Foreign currency translation (0.1) (0.1) (0.7) Balance at November 30 $ 17.8 $ 24.0 $ 25.1 As of November 30, 2024, 2023, and 2022, if recognized, $17.8 million, $24.0 million, and $25.1 million, respectively, of the unrecognized tax benefits would affect the effective rate. We record interest and penalties on income taxes in income tax expense. We recognized interest and penalty expense (benefit) of $(0.9) million, $(0.5) million, and $0.2 million in 2024, 2023, and 2022, respectively. As of November 30, 2024 and 2023, we had accrued $2.9 million and $3.8 million, respectively, of interest and penalties related to unrecognized tax benefits. Tax settlements or statute of limitation expirations could result in a change to our uncertain tax positions. We believe that the reasonably possible total amount of unrecognized tax benefits as of November 30, 2024 that could decrease in the next 12 months as a result of various statute expirations, audit closures and/or tax settlements would not be material. We file income tax returns in the U.S. federal jurisdiction and various state and non-U.S. jurisdictions. The open years subject to tax audits vary depending on the tax jurisdictions. In the U.S federal jurisdiction, we are no longer subject to income tax audits by taxing authorities for years before 2021. In other major jurisdictions, we are no longer subject to income tax audits by taxing authorities for years before 2014. We are under normal recurring tax audits in the U.S. and in several jurisdictions outside the U.S. While it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, we believe that our reserves for uncertain tax positions are adequate to cover existing risks and exposures.

Capital Stock, Earnings Per Sha

Capital Stock, Earnings Per Share And Stock Issuance	12 Months Ended
	Nov. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE We have 640,000,000 authorized shares of each class of common stock with an established the par value for each class of common stock at $0.01 per share. The par value and additional paid in capital associated with each class of common stock is recorded in Common stock and Common stock non-voting in our consolidated balance sheet. Holders of Common Stock have full voting rights except that (1) the voting rights of persons who are deemed to own beneficially 10% or more of the outstanding shares of Common Stock are limited to 10% of the votes entitled to be cast by all holders of shares of Common Stock regardless of how many shares in excess of 10% are held by such person; (2) we have the right to redeem any or all shares of Common Stock owned by such person unless such person acquires more than 90% of the outstanding shares of each class of our common stock; and (3) at such time as such person controls more than 50% of the votes entitled to be cast by the holders of outstanding shares of Common Stock, automatically, on a share-for-share basis, all shares of Common Stock Non-Voting will convert into shares of Common Stock. Holders of Common Stock Non-Voting will vote as a separate class on all matters on which they are entitled to vote. Holders of Common Stock Non-Voting are entitled to vote on reverse mergers and statutory share exchanges where our capital stock is converted into other securities or property, dissolution of the Company and the sale of substantially all of our assets, as well as forward mergers and consolidation of the Company or any amendment to our charter repealing the right of the Common Stock Non-Voting to vote on any such matters. The reconciliation of shares outstanding used in the calculation of basic and diluted earnings per share for the years ended November 30 follows: (millions) 2024 2023 2022 Average shares outstanding—basic 268.5 268.4 268.2 Effect of dilutive securities: Stock options/RSUs/LTPP 1.1 1.4 2.0 Average shares outstanding—diluted 269.6 269.8 270.2 The following table sets forth the stock options and RSUs for the years ended November 30 which were not considered in our earnings per share calculation since they were antidilutive: (millions) 2024 2023 2022 Antidilutive securities 3.4 2.2 0.9

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
	Nov. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	COMMITMENTS AND CONTINGENCIES During the normal course of our business, we are occasionally involved with various claims and litigation. Reserves are established in connection with such matters when a loss is probable and the amount of such loss can be reasonably estimated. At November 30, 2024 and 2023, no material reserves were recorded. The determination of probability and the estimation of the actual amount of any such loss are inherently unpredictable, and it is therefore possible that the eventual outcome of such claims and litigation could exceed the estimated reserves, if any. However, we do not expect the outcome of the matters currently pending will have a material adverse effect on our financial statements.

Business Segments And Geographi

Business Segments And Geographic Areas	12 Months Ended
	Nov. 30, 2024
Segment Reporting Information, Profit (Loss) [Abstract]
Business Segments And Geographic Areas	BUSINESS SEGMENTS AND GEOGRAPHIC AREAS 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 channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce 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,” “Vahiné,” "Cholula," “Schwartz,” “Club House,” “Kamis,” "DaQiao," "La Drogheria," "Stubb's," "OLD BAY," and "Gourmet Garden." Our flavor solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors, with the exception of our businesses in China where foodservice sales are managed by and reported in our consumer segment. We measure segment performance based on operating income excluding special charges as this activity is managed separately from the business segments. We also exclude transaction and integration expenses related to our acquisitions, as applicable, from our measure of segment performance 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 businesses. 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 purposes of internal reporting, performance evaluation, or capital allocation. We have a large number of customers for our products. Sales to one of our consumer segment customers, Wal-Mart Stores, Inc., accounted for approximately 12%, 12%, and 12% of consolidated sales in 2024, 2023, and 2022, respectively. Sales to one of our flavor solutions segment customers, PepsiCo, Inc., accounted for approximately 13%, 13%, and 11% of consolidated sales in 2024, 2023, and 2022, respectively. Accounting policies for measuring segment operating income and assets are consistent with those described in Note 1. Because of integrated manufacturing for certain products within the segments, products are not sold from one segment to another but rather inventory is transferred at cost. Inter-segment sales are not material. Corporate assets include cash, deferred taxes, investments and certain fixed assets. Business Segment Results (millions) Consumer Flavor Solutions Total Corporate Total 2024 Net sales $ 3,848.5 $ 2,875.2 $ 6,723.7 $ — $ 6,723.7 Operating income excluding special charges 740.3 329.5 1,069.8 — 1,069.8 Income from unconsolidated operations 71.2 3.0 74.2 — 74.2 Assets — — 12,359.4 710.9 13,070.3 Capital expenditures — — 234.1 40.8 274.9 Depreciation and amortization — — 161.4 47.4 208.8 2023 Net sales $ 3,807.3 $ 2,854.9 $ 6,662.2 $ — $ 6,662.2 Operating income excluding special charges 735.5 288.7 1,024.2 — 1,024.2 Income from unconsolidated operations 54.7 1.7 56.4 — 56.4 Assets — — 12,233.1 629.2 12,862.3 Capital expenditures — — 234.9 29.0 263.9 Depreciation and amortization — — 155.4 43.9 199.3 2022 Net sales $ 3,757.9 $ 2,592.6 $ 6,350.5 $ — $ 6,350.5 Operating income excluding special charges and transaction and integration expenses 710.7 206.7 917.4 — 917.4 Income from unconsolidated operations 33.1 4.7 37.8 — 37.8 Assets — — 12,332.9 792.0 13,124.9 Capital expenditures — — 220.1 41.9 262.0 Depreciation and amortization — — 153.4 47.2 200.6 A reconciliation of operating income excluding special charges and transaction and integration expenses, to operating income for 2024, 2023, and 2022 is as follows: (millions) Consumer Flavor Solutions Total 2024 Operating income excluding special charges $ 740.3 $ 329.5 $ 1,069.8 Less: Special charges 3.4 6.1 9.5 Operating income $ 736.9 $ 323.4 $ 1,060.3 2023 Operating income excluding special charges $ 735.5 $ 288.7 $ 1,024.2 Less: Special charges 35.8 25.4 61.2 Operating income $ 699.7 $ 263.3 $ 963.0 2022 Operating income excluding special charges and transaction and integration 710.7 206.7 917.4 Less: Special charges 23.9 27.7 51.6 Less: Transaction and integration expenses — 2.2 2.2 Operating income $ 686.8 $ 176.8 $ 863.6 Total segment operating income as disclosed in the preceding table represents our consolidated operating income. The reconciliation of that operating income to income from consolidated operations before income taxes, which includes interest expense and other income, net is presented on the consolidated income statement. Geographic Areas We have net sales and long-lived assets in the following geographic areas: (millions) United EMEA Other Total 2024 Net sales $ 4,103.9 $ 1,239.3 $ 1,380.5 $ 6,723.7 Long-lived assets 8,017.9 1,117.0 824.5 9,959.4 2023 Net sales $ 4,083.8 $ 1,212.8 $ 1,365.6 $ 6,662.2 Long-lived assets 7,946.1 1,138.6 856.8 9,941.5 2022 Net sales $ 3,921.3 $ 1,116.4 $ 1,312.8 $ 6,350.5 Long-lived assets 7,892.5 1,051.7 854.6 9,798.8 Long-lived assets include property, plant and equipment, goodwill and intangible assets, net of accumulated depreciation and amortization. Product Categories Our net sales by product categories consist of the following: For the year ended November 30 (millions) 2024 2023 2022 Consumer segment: Spices & seasoning $ 1,651.0 $ 1,578.3 $ 1,538.7 Recipe mixes 437.7 430.5 428.0 Condiments & sauces 936.6 921.0 858.2 Regional leaders 823.2 877.5 933.0 Flavor solutions segment: Flavors 1,618.6 1,585.7 1,420.6 Branded foodservice 615.1 598.4 552.9 Custom condiments 336.8 317.1 280.8 Coatings, bulk spices & herbs 304.7 353.7 338.3 Total net sales $ 6,723.7 $ 6,662.2 $ 6,350.5

Supplemental Financial Statemen

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

Valuation And Qualifying Accoun

Valuation And Qualifying Accounts	12 Months Ended
	Nov. 30, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation And Qualifying Accounts	Supplemental Financial Schedule II Consolidated McCORMICK & COMPANY, INCORPORATED VALUATION AND QUALIFYING ACCOUNTS (IN MILLIONS) Column A Column B Column C Additions Column D Column E Description Balance at Charged to Charged to Deductions (1) Balance at Deducted from asset accounts: Year ended November 30, 2024: Allowance for doubtful receivables $ 5.9 $ 0.3 $ (1.2) $ (0.3) $ 4.7 Valuation allowance on net deferred tax assets 25.9 8.0 0.1 (0.5) 33.5 $ 31.8 $ 8.3 $ (1.1) $ (0.8) $ 38.2 Deducted from asset accounts: Year ended November 30, 2023: Allowance for doubtful receivables $ 7.3 $ (0.7) $ (1.2) $ 0.5 $ 5.9 Valuation allowance on net deferred tax assets 26.4 3.7 — (4.2) 25.9 $ 33.7 $ 3.0 $ (1.2) $ (3.7) $ 31.8 Deducted from asset accounts: Year ended November 30, 2022: Allowance for doubtful receivables $ 5.2 $ 2.2 $ (0.9) $ 0.8 $ 7.3 Valuation allowance on net deferred tax assets 32.7 3.2 (1.7) (7.8) 26.4 $ 37.9 $ 5.4 $ (2.6) $ (7.0) $ 33.7

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Pay vs Performance Disclosure
Net income	$ 788.5	$ 680.6	$ 682

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Nov. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Consolidation	Consolidation The financial statements include the accounts of our majority-owned or controlled subsidiaries and affiliates. Intercompany transactions have been eliminated. Investments in unconsolidated affiliates, over which we exercise significant influence, but not control, are accounted for by the equity method. Accordingly, our share of net income or loss from unconsolidated affiliates is included in net income.
Foreign Currency Transactions and Translations Policy	Foreign Currency Translation For majority-owned or controlled subsidiaries and affiliates located outside of the U.S. that use functional currencies other than the U.S. dollar, asset and liability accounts are translated at the exchange rates in effect at the balance sheet date. The resulting translation adjustments are included in accumulated other comprehensive income (loss), which is a separate component of shareholders’ equity. Income and expense items are translated at average monthly exchange rates. Gains and losses from foreign currency transactions of these majority-owned or controlled subsidiaries and affiliates — specifically, transactions denominated in currencies other than their functional currency—are included in net income, except for intercompany transactions designated as long-term investments. Our unconsolidated affiliates located outside the U.S. generally use their local currencies as their functional currencies. The asset and liability accounts of those unconsolidated affiliates are translated at the rates of exchange at the balance sheet date, with the resultant translation adjustments included in accumulated other comprehensive income (loss) of those affiliates. Income and expense items of those affiliates are translated at average monthly rates of exchange. We record our ownership share of the net assets and accumulated other comprehensive income (loss) of our unconsolidated affiliates in our consolidated balance sheet on the lines entitled “Other long-term assets” and “Accumulated other comprehensive loss,” respectively. We record our ownership share of the net income of our unconsolidated affiliates, or a gain or loss associated with the sale of our ownership interest in our unconsolidated affiliates, in our consolidated income statement on the line entitled “Income from unconsolidated operations.”
Use Of Estimates	Use of Estimates Preparation of financial statements that follow accounting principles generally accepted in the U.S. requires us to make estimates and assumptions that affect the amounts reported in the financial statements and notes. Actual amounts could differ from these estimates.
Cash And Cash Equivalents	Cash and Cash Equivalents All highly liquid investments purchased with an original maturity of three months or less are classified as cash equivalents.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined under the first-in, first-out costing method (FIFO), including the use of average costs which approximate FIFO.
Property, Plant And Equipment	Property, Plant and Equipment Property, plant and equipment is stated at historical cost and depreciated over its estimated useful life using the straight-line method for financial reporting and both accelerated and straight-line methods for tax reporting. The estimated useful lives range from 20 to 50 years for buildings and 3 to 15 years for machinery, equipment and other assets. Assets leased under finance leases are depreciated over the shorter of the lease term or their estimated useful lives unless it is reasonably certain that we will obtain ownership by the end of the lease term. Repairs and maintenance costs are expensed as incurred.
Computer Software	Computer Software We capitalize costs of software developed or obtained for internal use. Capitalized software development costs include only (1) direct costs paid to others for materials and services to develop or buy the software, (2) payroll and payroll-related costs for employees who work directly on the software development project, and (3) interest costs while developing the software. Capitalization of these costs stops, and amortization begins, when the project is substantially complete and ready for use.
Goodwill And Other Intangible Assets	Goodwill and Other Intangible Assets We review the carrying value of goodwill and indefinite-lived intangible assets and conduct tests of impairment on an annual basis as described below. We also test goodwill for impairment if events or circumstances indicate it is more likely than not that the fair value of a reporting unit is below its carrying amount and test indefinite-lived intangible assets for impairment if events or changes in circumstances indicate that the asset might be impaired. Separable intangible assets that have finite useful lives are amortized over those lives. Determining the fair value of a reporting unit or an indefinite-lived purchased intangible asset is judgmental in nature and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates, assumed royalty rates, future economic and market conditions and determination of appropriate market comparables. We base our fair value estimates on assumptions we believe to be reasonable but that are unpredictable and inherently uncertain. Actual future results may differ from these estimates. Goodwill Impairment Our reporting units used to assess potential goodwill impairment are the same as our business segments. We estimate the fair value of a reporting unit by using a discounted cash flow model and then compare that to the carrying amount of the reporting unit, including intangible assets and goodwill. An impairment charge would be recognized to the extent that the carrying amount of the reporting unit exceeds the estimated fair value of the reporting unit. Indefinite-lived Intangible Asset Impairment Our indefinite-lived intangible assets consist of acquired brand names and trademarks. We estimate fair value by using a relief-from-royalty method and then compare that to the carrying amount of the indefinite-lived intangible asset. If the carrying amount of the indefinite-lived intangible asset exceeds its estimated fair value, an impairment charge would be recorded to the extent the recorded indefinite-lived intangible asset exceeds the fair value. Long-lived Asset Impairment Fixed assets and amortizable intangible assets are reviewed for impairment as events or changes in circumstances occur indicating that the carrying value of the asset may not be recoverable. Undiscounted cash flow analyses are used to determine if an impairment exists. If an impairment is determined to exist, the loss would be calculated based on the excess of the asset’s carrying value over its estimated fair value. Accounts Payable - Supplier Finance Program In order to manage our cash flow and related liquidity, we work with our suppliers to optimize our terms and conditions, which include the extension of payment terms. We offer certain suppliers access to a third-party Supply Chain Finance program (SCF) with several global financial institutions (SCF Banks). The terms of our payment obligation are not impacted by a supplier’s participation in the SCF. Under the SCF, qualifying suppliers may elect to sell their receivables from us to a SCF Bank. These participating suppliers negotiate their receivables sales arrangements directly with the respective SCF Bank. While we are not party to those agreements, the SCF Banks allow the participating suppliers to utilize our creditworthiness in establishing credit spreads and associated costs. This generally provides the suppliers with more favorable terms than they would be able to secure on their own. We have no economic interest in a supplier’s decision to sell a receivable. Once a qualifying supplier elects to participate in the SCF and reaches an agreement with a SCF Bank, the supplier elects which of our individual invoices they sell to the SCF bank. However, all of our payments to participating suppliers are paid to the SCF Bank on the invoice due date, regardless of whether the individual invoice is sold by the supplier to the SCF Bank. The SCF Bank pays the supplier on the invoice due date for any invoices that were not previously sold by the supplier to the SCF Bank. Our current payment terms with our suppliers, which we deem to be commercially reasonable, generally range from zero to 180 days dependent upon their respective industry and geography. All outstanding amounts related to suppliers participating in the SCF are recorded within the line entitled "Trade accounts payable" in our consolidated balance sheets, and the associated payments are included in operating activities within our consolidated statements of cash flows. As of November 30, 2024 and 2023, the amount due to suppliers participating in the SCF and included in "Trade accounts payable" were approximately $417.4 million and $300.5 million, respectively.
Leases	Leases We determine whether a contract is or contains a lease at contract inception based on the presence of identified assets and our right to obtain substantially all the economic benefit from or to direct the use of such assets. When we determine a lease exists, we record a right-of-use (“ROU”) asset and corresponding lease liability on our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term. Lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets are recognized at the lease commencement date at the value of the lease liability and are adjusted for any prepayments, lease incentives received, and initial direct costs incurred. Lease liabilities are recognized at the lease commencement date based on the present value of remaining lease payments over the lease term. As the discount rate implicit in the lease is not readily determinable in most of our leases, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We do not record lease contracts with a term of 12 months or less on our consolidated balance sheets. When our real estate lease arrangements include lease and non-lease components (for example, common area maintenance), we account for each component separately, based on their relative standalone prices. For all other asset categories, we combine lease components and non-lease components into a single lease commitment. We recognize fixed lease expense for operating leases on a straight-line basis over the lease term. For finance leases, we recognize amortization expense over the shorter of the estimated useful life of the underlying assets or the lease term. In instances of title transfer, expense is recognized over the useful life. Interest expense on a finance lease is recognized using the effective interest method over the lease term.
Revenue Recognition	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. Our revenue arrangements generally include a single performance obligation relating to the fulfillment of a customer order, which in some cases is governed by a master sales agreement, for the purchase of our products. We recognize revenue at a point in time when control of the ordered products passes to the customer, which principally occurs either upon shipment or delivery to the customer or upon pick-up by the customer, depending upon terms included in the particular customer arrangement. 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 and returns, are estimated at the time of sale. All taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by us from a customer for sales, value added and other excise taxes are excluded from net sales. We account for product 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 with costs for these activities recorded within Cost of goods sold. We expense any incremental costs of obtaining a contract when the contract is for a period of one year or less. 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. The following table sets forth our net sales by the Americas, Europe, Middle East and Africa (EMEA) and Asia/Pacific (APAC) geographic regions: (millions) Americas EMEA APAC Total 2024 $ 4,801.9 $ 1,239.3 $ 682.5 $ 6,723.7 2023 $ 4,756.9 $ 1,212.8 $ 692.5 $ 6,662.2 2022 $ 4,551.7 $ 1,116.4 $ 682.4 $ 6,350.5 Performance Obligations Our revenues primarily result from contracts or purchase orders with customers, which generally are both short-term in nature and have a single performance obligation—the delivery of our products to customers. We assess the goods and services promised in our customers’ contracts or purchase orders and identify 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, we consider 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 the Company's then-current expectations regarding what was earned through these programs as of the balance sheet date. 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 years ended November 30, 2024, 2023, and 2022 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 $206.4 million and $195.3 million at November 30, 2024 and 2023, respectively.
Shipping And Handling	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	Brand Marketing Support Total brand marketing support costs, which are included in our consolidated income statement in the line entitled "Selling, general and administrative expense," were $265.0 million, $247.1 million and $240.4 million for 2024, 2023, and 2022, respectively. 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. Advertising expense was $218.8 million, $198.1 million and $187.2 million for 2024, 2023, and 2022, respectively.
Research And Development	Research and Development Research and development costs are expensed as incurred and are included in our consolidated income statement in the line entitled "Selling, general and administrative expense." Research and development expense was $102.9 million, $94.9 million and $87.5 million for 2024, 2023, and 2022, respectively.
Income Tax, Policy	Income Taxes Income taxes are recognized in accordance with the liability method of accounting. Deferred taxes are recognized for the estimated taxes ultimately payable or recoverable based on enacted tax law. Inherent in determining our annual tax rate are judgments regarding business plans, planning opportunities, and expectations about future outcomes. Realization of certain deferred tax assets, primarily net operating loss and other carryforwards, is dependent upon generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods. Changes in enacted tax rates are reflected in the tax provision as they occur. We record valuation allowances to reduce deferred tax assets to the amount that is more likely than not to be realized. When assessing the need for valuation allowances, we consider future taxable income and ongoing prudent and feasible tax planning strategies. Should a change in circumstances lead to a change in judgment about the realizability of deferred tax assets in future years, we would adjust related valuation allowances in the period that the change in circumstances occurs, along with a corresponding adjustment to our provision for income taxes. We recognize a tax position in our financial statements when it is more likely than not that the position will be sustained upon examination based on the technical merits of the position. That position is then measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The resolution of tax reserves and changes in valuation allowances could be material to our results of operations for any period but is not expected to be material to our financial position. We are subject to a U.S. tax requirement that certain income earned by foreign subsidiaries, referred to as Global Intangible Low-Taxed Income (GILTI), must be included in the gross income of the subsidiary’s U.S. shareholder. Accounting principles generally accepted in the U.S. provide for 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.
Share-based Payment Arrangement	Stock-Based Compensation We recognize stock-based compensation expense associated with options and restricted stock units (RSUs), which contain provisions that such awards fully vest upon an employee’s retirement, ratably over the shorter of the vesting period or the employees’ retirement eligibility date. Accordingly, we recognize stock-based compensation associated with options and RSUs subject to immediate retirement eligible vesting provisions on the date of grant. Compensation expense associated with our long-term performance plan (LTPP) is recorded in the income statement over the three-year period of the program based on the number of shares ultimately expected to be awarded using our estimate of the most likely outcome of achieving the performance objectives. We recognize stock-based compensation expense associated with price-vested stock options ratably over the vesting period as such options do not contain provisions that fully vest these awards upon an employee becoming retirement eligible. We estimate forfeitures associated with all stock-based compensation at the time of grant based on historical experience and revise this estimate in subsequent periods if actual forfeitures differ.
Derivatives, Policy	Derivative Instruments We record all derivatives on our balance sheet at fair value. The fair value of derivative instruments is recorded in our consolidated balance sheet on the lines entitled “Other current assets," "Other long-term assets," "Other accrued liabilities," or "Other long-term liabilities" depending on their fair value and maturity. Gains and losses representing either hedge ineffectiveness, hedge components excluded from the assessment of effectiveness, or hedges of translational exposure are recorded in our consolidated income statement in the lines entitled "Other income (expense), net" or "Interest expense." In our consolidated cash flow statement, settlements of cash flow and fair value hedges are classified as operating activities; settlements of all other derivative instruments, including instruments for which hedge accounting has been discontinued, are classified consistent with the nature of the instruments. 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 our consolidated balance sheet on the line entitled “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)" in our consolidated balance sheet to our consolidated income statement on the same line items as the underlying transactions. 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, a component of “Accumulated other comprehensive income (loss)" in our consolidated balance sheet.
Pension and Other Postretirement Plans, Policy	Employee Benefit and Retirement Plans We sponsor defined benefit pension plans in the U.S. and certain foreign locations. In addition, we sponsor defined contribution plans in the U.S. We contribute to defined contribution plans in locations outside the U.S., including government-sponsored retirement plans. We also currently provide postretirement medical and life insurance benefits to certain U.S. employees and retirees. We recognize the overfunded or underfunded status of our defined benefit pension plans as an asset or a liability in our balance sheet, with changes in the funded status recorded through other comprehensive income in the year in which those changes occur. The expected return on plan assets is determined using the expected rate of return and a calculated value of plan assets referred to as the market-related value of plan assets. Differences between assumed and actual returns are amortized to the market-related value of assets on a straight-line basis over five years. We use the corridor approach in the valuation of defined benefit pension and postretirement benefit plans. The corridor approach defers all actuarial gains and losses resulting from variances between actual results and actuarial assumptions. Those unrecognized gains and losses are amortized when the net gains and losses exceed 10% of the greater of the market-related value of plan assets or the projected benefit obligation at the beginning of the year. The amount in excess of the corridor is amortized over the average remaining life expectancy of retired plan participants, for plans whose benefits have been frozen, or the average remaining service period to retirement date of active plan participants.
New Accounting Pronouncements, Policy	Accounting Pronouncements Adopted in 2022 and 2023 In March 2020, the FASB issued ASU No. 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting that provides optional expedients for a limited period of time for accounting for contracts, hedging relationships, and other transactions affected by the London Interbank Offered Rate (LIBOR) or other reference rates expected to be discontinued. These optional expedients can be applied from March 2020 through December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The phase out of LIBOR reference rates occurred at different times and began on January 1, 2022. During 2022 and 2023, we amended our interest rate swaps expiring in November 2025 and August 2027, the cross-currency interest rate swap expiring in August 2027, and our five-year revolving credit facility expiring in July 2026 to no longer use LIBOR. Our adoption of this standard was completed during 2023. There was no material impact to our consolidated financial statements associated with adopting this new standard. Accounting Pronouncements Partially Adopted in 2023 In September 2022, the FASB issued ASU No. 2022-04: Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations that requires entities that use supplier finance programs in connection with the purchase of goods and services to disclose the key terms of the programs and information about obligations outstanding at the end of the reporting period, including a roll forward of those obligations. The guidance does not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The new standard's requirements to disclose the key terms of the programs and information about obligations outstanding are effective for all interim and annual periods of our fiscal year ending November 30, 2024. We include disclosure regarding the key terms of the program and information about obligations outstanding at the end of the reporting period in Note 1. The standard’s requirement to disclose a roll forward of obligations outstanding will be effective for our fiscal year ending November 30, 2025. We have not adopted the disclosure requirements regarding the roll forward of the obligation. The partial adoption of this standard did not have a material impact on our consolidated financial statements. We do not expect the adoption of the future disclosure requirements will have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements — Pending Adoption In November 2023, the FASB issued ASU No. 2023-07: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures that requires entities to report incremental information about significant segment expenses included in a segment’s profit or loss measure as well as the name and title of the chief operating decision maker. The guidance also requires interim disclosures related to reportable segment profit or loss and assets that had previously only been disclosed annually. The new standard is effective for our annual period ending November 30, 2025 and our interim periods during the fiscal year ending November 30, 2026. The guidance does not affect recognition or measurement in our consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures that requires entities to disclose additional information about federal, state, and foreign income taxes primarily related to the income tax rate reconciliation and income taxes paid. The new standard also eliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. The guidance is effective for our fiscal year ending November 30, 2026. The guidance does not affect recognition or measurement in our consolidated financial statements. In November 2024, the FASB issued ASU No. 2024-03: Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures that requires more detailed disclosure about certain costs and expenses presented in the income statement, including inventory purchases, employee compensation, selling expense and depreciation expense. The guidance is effective for our annual period ending November 30, 2028 and our interim periods during the fiscal year ending November 30, 2029. The guidance does not affect recognition or measurement in our consolidated financial statements.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	The following table sets forth our net sales by the Americas, Europe, Middle East and Africa (EMEA) and Asia/Pacific (APAC) geographic regions: (millions) Americas EMEA APAC Total 2024 $ 4,801.9 $ 1,239.3 $ 682.5 $ 6,723.7 2023 $ 4,756.9 $ 1,212.8 $ 692.5 $ 6,662.2 2022 $ 4,551.7 $ 1,116.4 $ 682.4 $ 6,350.5

Special Charges (Tables)

Special Charges (Tables)	12 Months Ended
	Nov. 30, 2024
Special Charges [Abstract]
Special Charges Summary	The following is a summary of special charges recognized for the years ended November 30 (in millions): 2024 2023 2022 Employee severance and related benefits in the income statement $ 2.7 $ 34.4 $ 33.8 Other costs in the income statement Cash 6.8 24.6 7.4 Non-Cash — 2.2 24.0 Total special charges $ 9.5 $ 61.2 $ 65.2 Gain on sale of exited brand — — (13.6) Total special charges $ 9.5 $ 61.2 $ 51.6
Special Charges Summary by Segment	The following is a summary of special charges by business segments for the years ended November 30 (in millions): 2024 2023 2022 Consumer segment $ 3.4 $ 35.8 $ 23.9 Flavor solutions segment 6.1 25.4 27.7 Total special charges $ 9.5 $ 61.2 $ 51.6

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	12 Months Ended
	Nov. 30, 2024
Goodwill And Intangible Assets [Abstract ]
Schedule Of Amortized And Non-Amortized Intangible Assets	The following table displays intangible assets as of November 30: 2024 2023 (millions) Gross Accumulated Gross Accumulated Definite-lived intangible assets $ 537.5 $ 262.5 $ 540.4 $ 229.3 Indefinite-lived intangible assets: Goodwill 5,227.5 — 5,260.1 — Brand names and trademarks 3,043.9 — 3,045.6 — 8,271.4 — 8,305.7 — Total goodwill and intangible assets $ 8,808.9 $ 262.5 $ 8,846.1 $ 229.3
Changes In The Carrying Amount Of Goodwill	The changes in the carrying amount of goodwill by segment for the years ended November 30 were as follows: 2024 2023 (millions) Consumer Flavor Solutions Consumer Flavor Solutions Beginning of year $ 3,609.6 $ 1,650.5 $ 3,568.2 $ 1,644.7 Decrease from sale of business — — — (0.4) Foreign currency fluctuations (26.5) (6.1) 41.4 6.2 End of year $ 3,583.1 $ 1,644.4 $ 3,609.6 $ 1,650.5

Investments In Affiliates (Tabl

Investments In Affiliates (Tables)	12 Months Ended
	Nov. 30, 2024
Investments In Affiliates [Abstract]
Summarized Annual And Year-End Information Of Unconsolidated Affiliates	Summarized annual and year-end information from the financial statements of unconsolidated affiliates representing 100% of the businesses follows: (millions) 2024 2023 2022 Net sales $ 1,281.5 $ 1,193.2 $ 998.1 Gross profit 519.3 446.9 338.1 Net income 162.8 124.3 86.5 Current assets $ 497.4 $ 522.1 $ 494.8 Noncurrent assets 112.7 122.4 109.7 Current liabilities 304.4 336.5 257.7 Noncurrent liabilities 6.9 7.6 8.4

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Nov. 30, 2024
Financing Arrangements [Abstract]
Components Of Outstanding Debt	Our outstanding debt, including finance leases, was as follows at November 30: (millions) 2024 2023 Short-term borrowings Commercial paper $ 431.3 $ 269.4 Other 51.8 2.8 $ 483.1 $ 272.2 Weighted-average interest rate of short-term borrowings at year-end 4.7 % 5.5 % Long-term debt 3.15% notes due 8/15/2024 $ — $ 700.0 3.25%notes due 11/15/2025 (1) 250.0 250.0 0.90% notes due 2/15/2026 500.0 500.0 3.40% notes due 8/15/2027 (2) 750.0 750.0 2.50% notes due 4/15/2030 (3) 500.0 500.0 1.85% notes due 2/15/2031 500.0 500.0 4.95% notes due 4/15/2033 (4) 500.0 500.0 4.70% notes due 10/15/2034 (5) 500.0 — 4.20% notes due 8/15/2047 300.0 300.0 7.63%–8.12% notes due 2024 — 55.0 Other, including finance leases 119.8 159.1 Unamortized discounts, premiums, debt issuance costs and fair value adjustments (6) (61.0) (74.9) 3,858.8 4,139.2 Less current portion 265.2 799.3 $ 3,593.6 $ 3,339.9 (1) Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $250 million notes at a weighted-average fixed rate of 3.45% . Separately, the fixed interest rate on $100 million of the 3.25% notes due in 2025 is effectively converted to a variable rate by interest rate swaps through 2025. Net interest payments are based on USD SOFR plus 1.487% (previously U.S. three-month LIBOR plus 1.22%) with an effective variable rate of 5.92% as of November 30, 2024. (2) Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $750 million notes at a weighted-average fixed rate of 3.44%. Separately, the fixed interest rate on $250 million of the 3.40% notes due in 2027 is effectively converted to a variable rate by interest rate swaps through 2027. Net interest payments are based on USD SOFR plus 0.907% (previously U.S. three-month LIBOR plus 0.685%) with an effective rate of 5.73% as of November 30, 2024. (3) Interest rate swaps, settled upon the issuance of these notes, effectively set the interest rate on the $500 million notes at a weighted-average fixed rate of 2.62%. Separately, the fixed interest rate on $250 million of the 2.50% notes due in 2030 is effectively converted to a variable rate by interest rate swaps through 2030. Net interest payments are based on USD SOFR plus 0.684% with an effective rate of 5.22% as of November 30, 2024. (4) Treasury lock agreements, settled upon issuance of these notes, effectively set the interest rate on these $500 million notes at a weighted-average fixed rate of 5.00%. (5) Treasury lock agreements, settled upon issuance of these notes, effectively set the interest rate on these $500 million notes at a weighted-average fixed rate of 4.68%. (6) Includes unamortized discounts, premiums, and debt issuance costs of $(26.0) million and $(25.4) million as of November 30, 2024 and 2023, respectively. Includes fair value adjustment associated with interest rate swaps designated as fair value hedges of $(35.0) million and $(49.5) million as of November 30, 2024 and 2023, respectively.
Maturities Of Long-Term Debt	Maturities of long-term debt, including finance leases, during the fiscal years subsequent to November 30, 2024 are as follows (in millions): 2025 $ 265.2 2026 509.3 2027 759.7 2028 10.3 2029 18.0 Thereafter 2,357.3

Leases (Tables)

Leases (Tables)	12 Months Ended
	Nov. 30, 2024
Leases [Abstract]
Lease Cost	The following presents the components of our lease expense for the years ended November 30 (in millions): 2024 2023 2022 Operating lease cost $ 75.7 $ 74.6 $ 47.0 Finance lease cost: Amortization of ROU assets 9.0 9.0 9.0 Interest on lease liabilities 3.7 3.9 4.1 Net lease cost (1) $ 88.4 $ 87.5 $ 60.1 (1) Net lease cost does not include short-term leases or sublease income, both of which are immaterial. Supplemental cash flow and other information related to leases for the years ended November 30 were as follows (in millions): 2024 2023 2022 Cash paid for amounts included in the measurements of lease liabilities: Operating cash flows used for operating leases $ 66.8 $ 64.5 $ 41.4 Operating cash flows used for finance leases 3.7 3.9 4.1 Financing cash flows used for finance leases 8.0 7.6 7.3 ROU assets obtained in exchange for lease liabilities Operating leases $ 47.6 $ 52.1 $ 133.8
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases as of November 30 were as follows (in millions): Leases Classification 2024 2023 Assets: Operating lease ROU assets Other long-term assets $ 211.0 $ 220.0 Finance lease ROU assets Property, plant and equipment, net 86.1 94.8 Total leased assets $ 297.1 $ 314.8 Liabilities: Current Operating Other accrued liabilities $ 55.7 $ 53.3 Finance Current portion of long-term debt 8.8 8.3 Non-current Operating Other long-term liabilities 166.6 179.9 Finance Long-term debt 94.5 103.0 Total lease liabilities $ 325.6 $ 344.5
Information Regarding Lease Terms and Discount Rates	Information regarding our lease terms and discount rates as of November 30 were as follows: 2024 2023 Weighted-average remaining lease term (years) Weighted-average discount rate Weighted-average remaining lease term (years) Weighted-average discount rate Operating leases 5.2 3.9 % 5.7 3.9 % Finance leases 10.2 3.4 % 11.2 3.4 %
Lease Maturity	The future maturity of our lease liabilities as of November 30, 2024 were as follows (in millions): Operating leases Finance leases Total 2025 $ 63.9 $ 11.8 $ 75.7 2026 58.1 12.0 70.1 2027 52.3 12.2 64.5 2028 20.6 12.5 33.1 2029 13.9 12.7 26.6 Thereafter 40.1 69.0 109.1 Total lease payments 248.9 130.2 379.1 Less: Imputed interest 26.6 26.9 53.5 Total lease liabilities $ 222.3 $ 103.3 $ 325.6
Lease Maturity	The future maturity of our lease liabilities as of November 30, 2024 were as follows (in millions): Operating leases Finance leases Total 2025 $ 63.9 $ 11.8 $ 75.7 2026 58.1 12.0 70.1 2027 52.3 12.2 64.5 2028 20.6 12.5 33.1 2029 13.9 12.7 26.6 Thereafter 40.1 69.0 109.1 Total lease payments 248.9 130.2 379.1 Less: Imputed interest 26.6 26.9 53.5 Total lease liabilities $ 222.3 $ 103.3 $ 325.6

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Nov. 30, 2024
Derivative Instrument Detail [Abstract]
Open Forward Foreign Currency Contract	The following is a summary of the notional amounts of outstanding foreign currency exchange contracts as of November 30, 2024 and 2023: (millions) 2024 2023 Fair value hedges $ 818.1 $ 765.4 Cash flow hedges 216.1 235.0 Total $ 1,034.2 $ 1,000.4
Schedule of Interest Rate Derivatives	The following is a summary of our outstanding interest rate swaps as of November 30, 2024 and 2023 ($ amounts in millions). Fair value hedge of changes in fair value of: $250 3.25% notes due 2025 $750 3.40% notes due 2027 $500 2.50% notes due 2030 Notional $ 100.0 $ 250.0 $ 250.0 Receive rate 3.25 % 3.40 % 2.50 % Pay rate SOFR + 1.487% (1) SOFR + 0.907% (2) SOFR + 0.684% Expiration November 2025 August 2027 April 2030 (1) In 2023, we amended our $100 million interest rate swaps which expire in November 2025 such that, effective February 15, 2023, we pay and receive at USD SOFR plus 1.487% (previously U.S. three-month LIBOR plus 1.22%). (2) In 2023, we amended our $250 million interest rate swaps which expire in August 2027 such that, effective February 15, 2023, we pay and receive at USD SOFR plus 0.907% (previously U.S. three-month LIBOR plus 0.685%).
Fair Values Of Derivative Instruments	The following tables disclose the notional amount and fair values of derivative instruments on our consolidated balance sheet: As of (millions) Asset Derivatives Liability Derivatives Derivatives Balance sheet Notional amount Fair value Balance sheet Notional amount Fair value Interest rate contracts Other current $ — $ — Other accrued liabilities/Other long-term liabilities $ 600.0 $ 37.9 Foreign exchange contracts Other current assets 374.4 5.2 Other accrued liabilities 659.8 12.5 Cross currency contracts Other current assets/Other long-term assets 945.5 36.8 Other accrued liabilities/Other long-term liabilities — — Total $ 42.0 $ 50.4 As of (millions) Asset Derivatives Liability Derivatives Derivatives Balance sheet Notional amount Fair value Balance sheet Notional amount Fair value Interest rate contracts Other current $ — $ — Other accrued liabilities/Other long-term liabilities $ 600.0 $ 52.8 Foreign exchange contracts Other current assets 161.3 2.5 Other accrued liabilities 839.1 16.0 Cross currency contracts Other current assets/Other long-term assets 719.6 24.6 Other accrued liabilities/Other long-term liabilities 238.9 7.5 Total $ 27.1 $ 76.3
Impact Of Derivative Instruments	The following tables disclose the impact of derivative instruments on other comprehensive income (OCI), accumulated other comprehensive income (AOCI) and our consolidated income statement for the years ended November 30, 2024, 2023, and 2022: Fair value hedges (millions) Income statement Income (expense) Derivative 2024 2023 2022 Interest rate contracts Interest expense $ (19.7) $ (17.7) $ 4.0 Income statement location Gain (loss) recognized in income Income statement location Gain (loss) recognized in income Derivative 2024 2023 2022 Hedged Item 2024 2023 2022 Foreign exchange contracts Other income, net $ (9.0) $ (16.2) $ 6.6 Intercompany loans Other income, net $ 4.0 $ 15.6 $ (6.3) Cash flow hedges (millions) Gain (loss) Income statement location Gain (loss) Derivative 2024 2023 2022 2024 2023 2022 Interest rate contracts $ — $ (2.6) $ 18.7 Interest expense, Other income, net $ (0.6) $ 0.1 $ 19.2 Foreign exchange contracts (0.1) (0.7) 5.3 Cost of goods sold 1.6 0.2 1.6 Total $ (0.1) $ (3.3) $ 24.0 $ 1.0 $ 0.3 $ 20.8
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	Net investment hedges (millions) Gain (loss) Income statement location Gain (loss) Derivative 2024 2023 2022 2024 2023 2022 Cross currency contracts $ 19.5 $ (18.4) $ 37.6 Interest expense $ 9.1 $ 11.2 $ 7.3

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Nov. 30, 2024
Fair Value Disclosures [Abstract]
Assets And Liabilities Measured At Fair Value On Recurring Basis	Our population of assets and liabilities subject to fair value measurements on a recurring basis are as follows: Fair value measurements using fair (millions) Fair value Level 1 Level 2 Assets: Cash and cash equivalents $ 186.1 $ 186.1 $ — Insurance contracts 129.2 — 129.2 Bonds and other long-term investments 1.3 1.3 — Foreign currency derivatives 5.2 — 5.2 Cross currency contracts 36.8 — 36.8 Total $ 358.6 $ 187.4 $ 171.2 Liabilities: Interest rate derivatives $ 37.9 $ — $ 37.9 Foreign currency derivatives 12.5 — 12.5 Total $ 50.4 $ — $ 50.4 Fair value measurements using fair (millions) Fair value Level 1 Level 2 Assets: Cash and cash equivalents $ 166.6 $ 166.6 $ — Insurance contracts 114.7 — 114.7 Bonds and other long-term investments 0.3 0.3 — Foreign currency derivatives 2.5 — 2.5 Cross currency contracts 24.6 — 24.6 Total $ 308.7 $ 166.9 $ 141.8 Liabilities: Interest rate derivatives $ 52.8 $ — $ 52.8 Foreign currency derivatives 16.0 — 16.0 Cross currency contracts 7.5 — 7.5 Total $ 76.3 $ — $ 76.3
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The carrying amount and fair value of long-term debt, including the current portion, as of November 30 were as follows: (millions) 2024 2023 Carrying Fair Carrying Fair Long-term debt (including current portion) $ 3,858.8 $ 3,677.1 $ 4,139.2 $ 3,841.0 Level 1 valuation techniques 3,557.3 3,682.0 Level 2 valuation techniques 119.8 159.0

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Nov. 30, 2024
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	The following table sets forth the components of accumulated other comprehensive loss, net of tax where applicable, as of November 30 (in millions): 2024 2023 Accumulated other comprehensive loss, net of tax where applicable Foreign currency translation adjustment (1) $ (392.0) $ (305.7) Unrealized net gain on foreign currency exchange contracts 2.1 0.8 Unamortized value of settled interest rate swaps (1.6) (2.7) Pension and other postretirement costs (99.7) (81.0) $ (491.2) $ (388.6) (1) During the year ended November 30, 2024, the foreign currency translation adjustment of accumulated other comprehensive loss increased on a net basis by $86.3 million, inclusive of $19.5 million of unrealized gains associated with net investment hedges. During the year ended November 30, 2023, the foreign currency translation adjustment of accumulated other comprehensive loss decreased on a net basis by $(99.6) million, inclusive of $(18.4) million of unrealized losses associated with net investment hedges. These net investment hedges are more fully described in Note 7.
Reclassification out of Accumulated Other Comprehensive Income (Loss)	The following table sets forth the amounts reclassified from accumulated other comprehensive income (loss) and into consolidated net income for the years ended November 30: (millions) Affected line items in the consolidated income statement Accumulated other comprehensive income (loss) components 2024 2023 2022 (Gains)/losses on cash flow hedges: Interest rate derivatives $ 0.6 $ (0.1) $ (0.5) Interest expense Treasury lock contracts (1) — — (18.7) Other income, net Foreign exchange contracts (1.6) (0.2) (1.6) Cost of goods sold Total before taxes (1.0) (0.3) (20.8) Tax effect 0.2 0.1 4.9 Income taxes Net, after tax $ (0.8) $ (0.2) $ (15.9) Amortization of pension and postretirement benefit adjustments: Amortization of prior service costs (2) $ 0.3 $ 0.3 $ 0.3 Other income, net Amortization of net actuarial (gains) losses (2) (3.4) (2.1) 9.9 Other income, net Total before taxes (3.1) (1.8) 10.2 Tax effect 0.8 0.4 (2.4) Income taxes Net, after tax $ (2.3) $ (1.4) $ 7.8 (1) The settlement of these treasury locks is further described in Note 7. (2) This accumulated other comprehensive income (loss) component is included in the computation of total pension expense and total other postretirement expense (refer to Note 10 for additional details).

Employee Benefit And Retireme_2

Employee Benefit And Retirement Plans (Tables)	12 Months Ended
	Nov. 30, 2024
Retirement Benefits, Description [Abstract]
Significant Assumptions Used To Determine Benefit Obligations	The significant assumptions used to determine benefit obligations are as follows as of November 30: United States International 2024 2023 2024 2023 Discount rate—funded plans 5.3 % 6.0 % 4.7 % 5.1 % Discount rate—unfunded plan 5.3 % 6.0 % — % — % Salary scale — % — % 2.9 % 2.9 % The significant assumptions used to determine pension expense for the years ended November 30 are as follows: United States International 2024 2023 2022 2024 2023 2022 Discount rate—funded plans 6.0 % 5.4 % 2.9 % 5.1 % 4.5 % 2.1 % Discount rate—unfunded plan 6.0 % 5.4 % 2.8 % — % — % — % Salary scale — % — % — % 2.9 % 2.9 % 2.9 % Expected return on plan assets 6.3 % 6.8 % 6.8 % 5.2 % 4.9 % 3.7 %
Components Of Defined Benefit Plans	Our pension expense (income) for the years ended November 30 was as follows: United States International (millions) 2024 2023 2022 2024 2023 2022 Service cost $ 1.5 $ 2.0 $ 3.6 $ 0.6 $ 0.6 $ 0.9 Interest costs 37.3 36.1 26.3 10.6 9.9 7.0 Expected return on plan assets (39.6) (42.3) (42.8) (16.1) (15.1) (12.3) Amortization of prior service costs 0.5 0.5 0.5 0.1 0.1 0.1 Amortization of net actuarial loss (gain) (0.4) 0.2 8.6 (0.3) (0.1) 1.3 Settlement loss — — — — — 0.3 Total pension expense (income) $ (0.7) $ (3.5) $ (3.8) $ (5.1) $ (4.6) $ (2.7) Our other postretirement benefit expense for the years ended November 30 follows: (millions) 2024 2023 2022 Service cost $ 0.8 $ 1.3 $ 1.8 Interest costs 2.4 2.6 1.6 Amortization of prior service credits (0.3) (0.3) (0.3) Amortization of actuarial gains (2.7) (2.2) (0.3) Postretirement benefit expense $ 0.2 $ 1.4 $ 2.8
Benefit Obligation, Fair Value Of Plan Assets And Reconciliation Of Defined Benefit Plans	A roll forward of the benefit obligation, fair value of plan assets and a reconciliation of the pension plans’ funded status as of November 30, the measurement date, follows: United States International (millions) 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 645.3 $ 687.5 $ 214.0 $ 220.1 Service cost 1.5 2.0 0.6 0.6 Interest costs 37.3 36.1 10.6 9.9 Plan settlements — — — (0.1) Actuarial (gain) loss 56.3 (34.7) 7.8 (11.1) Benefits paid (45.4) (45.6) (13.5) (13.3) Foreign currency impact — — (2.6) 7.9 Benefit obligation at end of year $ 695.0 $ 645.3 $ 216.9 $ 214.0 Change in fair value of plan assets: Fair value of plan assets at beginning of year $ 630.7 $ 657.7 $ 267.0 $ 275.1 Actual return on plan assets 76.2 10.3 21.1 (5.3) Employer contributions 9.2 8.3 0.8 0.9 Benefits paid (45.4) (45.6) (13.5) (13.3) Foreign currency impact — — (3.0) 9.6 Fair value of plan assets at end of year $ 670.7 $ 630.7 $ 272.4 $ 267.0 Funded status $ (24.3) $ (14.6) $ 55.5 $ 53.0 Pension plans in which accumulated benefit obligation exceeded plan assets Projected benefit obligation $ 116.3 $ 109.1 $ 14.7 $ 14.0 Accumulated benefit obligation 113.3 105.5 12.3 11.7 Fair value of plan assets 38.0 32.7 1.8 1.6 Roll forwards of the benefit obligation, fair value of plan assets and a reconciliation of the plans’ funded status at November 30, the measurement date, follow: (millions) 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 47.1 $ 52.9 Service cost 0.8 1.3 Interest costs 2.4 2.6 Participant contributions 2.8 2.5 Actuarial (gain) loss (1.1) (5.6) Benefits paid (7.0) (6.6) Benefit obligation at end of year $ 45.0 $ 47.1 Change in fair value of plan assets: Fair value of plan assets at beginning of year $ — $ — Employer contributions 4.2 4.1 Participant contributions 2.8 2.5 Benefits paid (7.0) (6.6) Fair value of plan assets at end of year $ — $ — Other postretirement benefit liability $ 45.0 $ 47.1
Amounts Recorded In Balance Sheet, Defined Benefit Pension Plans	Amounts recorded in the balance sheet for all defined benefit pension plans as of November 30 consist of the following: United States International (millions) 2024 2023 2024 2023 Non-current pension asset $ 54.0 $ 61.7 $ 68.4 $ 65.3 Accrued pension liability 78.3 76.4 12.9 12.4 Deferred income tax assets 28.6 23.3 3.8 3.3 Accumulated other comprehensive loss, net of tax 84.8 70.4 31.1 28.6
Allocations Of Pension Plan Assets	The allocations of U.S. pension plan assets as of November 30, by asset category, were as follows: Actual 2024 Asset Category 2024 2023 Target Equity securities 22.1 % 34.3 % 25.3 % Fixed income securities 69.9 % 53.0 % 69.2 % Other 8.0 % 12.7 % 5.5 % Total 100.0 % 100.0 % 100.0 % The allocations of the international pension plans’ assets as of November 30, by asset category, were as follows: Actual 2024 Asset Category 2024 2023 Target Equity securities 7.9 % 11.3 % 7.3 % Fixed income securities 86.4 % 83.0 % 86.8 % Other 5.7 % 5.7 % 5.9 % Total 100.0 % 100.0 % 100.0 %
Fair Value Of Pension Plan Assets	The following tables set forth by level, within the fair value hierarchy as described in Note 8, pension plan assets at their fair value as of November 30 for the United States and international plans: As of November 30, 2024 United States (millions) Total Level 1 Level 2 Cash and cash equivalents $ 4.4 $ 4.4 $ — Equity securities: U.S. equity securities (a) 81.2 — 81.2 International equity securities (b) 50.3 — 50.3 Fixed income securities: U.S. government/corporate bonds (c) 417.0 — 417.0 High yield bonds (d) 42.9 — 42.9 Insurance contracts (f) 1.2 — 1.2 Total $ 597.0 $ 4.4 $ 592.6 Investments measured at net asset value (i) Hedge funds (j) 29.6 Private equity funds (k) 16.8 Private debt funds (l) 8.0 Real estate (m) 19.3 Total investments $ 670.7 As of November 30, 2024 International (millions) Total Level 1 Level 2 Cash and cash equivalents $ 6.4 $ 6.4 $ — International equity securities (b) 21.6 — 21.6 Fixed income securities: International/government/corporate bonds (e) 220.7 — 220.7 Insurance contracts (f) 14.7 — 14.7 Real estate (g) 9.0 — 9.0 Total investments $ 272.4 $ 6.4 $ 266.0 As of November 30, 2023 United States (millions) Total Level 1 Level 2 Cash and cash equivalents $ 14.2 $ 14.2 $ — Equity securities: U.S. equity securities (a) 108.5 35.5 73.0 International equity securities (b) 87.5 — 87.5 Fixed income securities: U.S./government/ corporate bonds (c) 275.2 88.6 186.6 High yield bonds (d) 49.5 — 49.5 Insurance contracts (f) 1.1 — 1.1 Other types of investments: Real estate (g) 1.6 — 1.6 Natural resources (h) 0.4 — 0.4 Total $ 538.0 $ 138.3 $ 399.7 Investments measured at net asset value (i) Hedge funds (j) 49.3 Private equity funds (k) 8.2 Private debt funds(l) 20.4 Real estate (m) 14.8 Total investments $ 630.7 As of November 30, 2023 International (millions) Total Level 1 Level 2 Cash and cash equivalents $ 10.6 $ 10.6 $ — International equity securities (b) 30.2 — 30.2 Fixed income securities: International/government/corporate bonds (e) 207.7 — 207.7 Insurance contracts (f) 13.9 — 13.9 Real estate (g) 4.6 4.6 Total investments $ 267.0 $ 10.6 $ 256.4 (a) This category comprises equity funds and collective equity trust funds that most closely track the S&P index and other equity indices. (b) This category comprises international equity funds with varying benchmark indices. (c) This category comprises funds consisting of U.S. government and U.S. corporate bonds and other fixed income securities. An appropriate benchmark is the Barclays Capital Aggregate Bond Index. (d) This category comprises funds consisting of a variety of fixed income securities with varying benchmark indices. (e) This category comprises funds consisting of international government/corporate bonds and other fixed income securities with varying benchmark indices. (f) This category comprises insurance contracts, the majority of which have a guaranteed investment return. (g) This category comprises funds investing in real estate investment trusts (REIT). Appropriate benchmarks are the MSCI U.S. REIT Index and the MSCI REALPAC Canada Property Index, for the U.S. and International holdings, respectively. (h) This category comprises funds investing in natural resources. An appropriate benchmark is the Alerian master limited partnership (MLP) Index. (i) Certain investments that are valued using the net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. These are included to permit reconciliation of the fair value hierarchy to the aggregate pension plan assets. (j) This category comprises hedge funds investing in strategies represented in various HFRI Fund Indices. The net asset value is generally based on the valuation of the underlying investment. Limitations exist on the timing from notice by the plan of its intent to redeem and actual redemptions of these funds and generally range from a minimum of one month to several months. (k) This category comprises private equity, venture capital and limited partnerships. The net asset is based on valuation models of the underlying securities as determined by the general partner or general partner's designee. These valuation models include unobservable inputs that cannot be corroborated using verifiable observable market data. These funds typically have redemption periods of approximately 10 years. (l) This category comprises limited partnerships funds investing in senior loans, mezzanine and distressed debt. The net asset is based on valuation models of the underlying securities as determined by the general partner or general partner's designee. These valuation models include unobservable inputs that cannot be corroborated using verifiable observable market data. These funds typically have redemption periods of approximately 10 years. (m)
Schedule of Expected Benefit Payments	Pension benefit payments in our most significant plans are made from assets of the pension plans. It is anticipated that future benefit payments for the U.S. and international plans for the next 10 fiscal years will be as follows: (millions) United States International 2025 $ 49.7 $ 12.5 2026 50.6 11.8 2027 51.4 13.1 2028 51.8 12.4 2029 52.4 13.6 2030-2035 257.6 71.0 Estimated future benefit payments (net of employee contributions) for the next 10 fiscal years are as follows: (millions) Retiree Retiree life Total 2025 $ 3.2 $ 1.4 $ 4.6 2026 3.1 1.4 4.5 2027 3.0 1.3 4.3 2028 2.9 1.3 4.2 2029 2.8 1.2 4.0 2030-2035 13.0 5.5 18.5

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary Of RSU Activity	A summary of our RSU activity for the years ended November 30 follows: (shares in thousands) 2024 2023 2022 Shares Weighted- Shares Weighted- Shares Weighted- Beginning of year 494 $ 76.94 480 $ 77.62 563 $ 69.52 Granted 282 72.77 264 77.53 208 94.21 Vested (214) 79.13 (225) 78.16 (251) 71.86 Forfeited (29) 79.73 (25) 85.21 (40) 85.42 Outstanding—end of year 533 $ 73.68 494 $ 76.94 480 $ 77.62
Assumptions Of Stock Compensation Plans	These fair values were computed using the following range of assumptions for the years ended November 30: 2024 2023 2022 Risk-free interest rates 4.1% - 5.5% 3.5% - 4.9% 0.2% - 2.5% Dividend yield 2.3 % 1.9 % 1.5 % Expected volatility 22.8 % 21.8 % 21.2 % Expected lives 7.1 years 7.3 years 7.6 years
Summary Of Stock Option Activity	A summary of our stock option activity for the years ended November 30 follows: (shares in millions) 2024 2023 2022 Shares Weighted- Shares Weighted- Shares Weighted- Beginning of year 5.3 $ 70.43 4.8 $ 67.08 5.0 $ 59.71 Granted 1.2 72.88 0.9 81.79 0.7 97.26 Exercised (0.3) 45.69 (0.3) 47.86 (0.8) 47.58 Forfeited (0.1) 84.00 (0.1) 87.11 (0.1) 88.40 Outstanding—end of year 6.1 72.25 5.3 70.43 4.8 67.08 Exercisable—end of year 4.4 $ 69.91 4.0 $ 64.74 3.5 $ 58.03 Risk-free interest rates 0.85 % Dividend yield 1.5 % Expected volatility 21.2 % Expected lives 5.6 - 6.2 years The following is a summary of our Price-Vested Stock Options activity for the years ended November 30: (shares in thousands) 2024 2023 2022 Number Weighted- Number Weighted- Number Weighted- Beginning of year 2,055 $ 9.40 2,107 $ 9.40 2,193 $ 9.40 Forfeited — — (52) 9.40 (86) 9.40 Outstanding—end of year 2,055 $ 9.40 2,055 $ 9.40 2,107 $ 9.40
Summary Of Our Stock Options Outstanding And Exercisable	A summary of our stock options outstanding and exercisable at November 30, 2024 follows: (shares in millions) Options outstanding Options exercisable Range of Shares Weighted- Weighted- Shares Weighted- Weighted- $38.00 - $58.00 1.7 2.2 $ 49.95 1.7 2.2 $ 49.95 $58.01 - $78.00 2.2 7.3 72.19 1.1 5.4 70.79 $78.01 - $98.00 2.2 7.4 88.78 1.6 7.1 89.93 6.1 5.9 $ 72.25 4.4 4.8 $ 69.91
Schedule of Long-term Performance Plan Activity	A summary of the LTPP award activity for the years ended November 30 follows: (shares in thousands) 2024 2023 2022 Shares Weighted- Shares Weighted- Shares Weighted- Beginning of year 474 $ 94.34 451 $ 106.32 497 $ 83.74 Granted 192 66.49 167 89.00 152 95.00 Vested (181) 98.30 (176) 86.14 (251) 75.26 Performance adjustment 73 95.00 61 98.30 59 86.14 Forfeited (19) 84.71 (29) 92.31 (6) 95.37 Outstanding—end of year 539 $ 83.45 474 $ 94.34 451 $ 106.32

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Provision For Income Taxes	The provision for income taxes for the years ended November 30 consists of the following: (millions) 2024 2023 2022 Income taxes Current Federal $ 103.0 $ 82.4 $ 62.8 State 16.6 15.1 14.8 International 94.7 82.4 69.2 214.3 179.9 146.8 Deferred Federal (15.2) (2.2) 37.1 State (6.3) 2.7 (3.2) International (8.8) (5.9) (12.1) (30.3) (5.4) 21.8 Total income tax expense (benefit) $ 184.0 $ 174.5 $ 168.6
Components Of Income From Consolidated Operations Before Income Taxes	The components of income from consolidated operations before income taxes for the years ended November 30 follow: (millions) 2024 2023 2022 Pretax income United States $ 634.8 $ 569.6 $ 600.7 International 263.5 229.1 212.1 $ 898.3 $ 798.7 $ 812.8
Reconciliation Of The U.S. Federal Statutory Rate With The Effective Tax Rate	A reconciliation of the U.S. federal statutory rate with the effective tax rate for the years ended November 30 follows: 2024 2023 2022 Federal statutory tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal benefits 0.9 1.9 1.2 International tax at different effective rates 0.6 0.3 (0.1) U.S. tax on remitted and unremitted earnings 1.8 0.9 0.6 Stock compensation expense — — (1.1) Changes in prior year tax contingencies (1.4) (0.8) (0.8) Legal entity reorganization (2.3) — — Valuation allowances 0.7 (0.4) (0.6) U.S. research credits (1.3) (1.5) (1.0) Other, net 0.5 0.4 1.5 Total 20.5 % 21.8 % 20.7 %
Schedule Of Deferred Tax Assets And Liabilities	Deferred tax assets and liabilities are comprised of the following as of November 30: (millions) 2024 2023 Deferred tax assets Employee benefit liabilities $ 48.9 $ 46.6 Other accrued liabilities 36.0 38.8 Inventory 18.3 18.9 Tax loss and credit carryforwards 69.0 63.8 Lease liabilities 10.6 13.6 Research expenditures 64.0 31.4 Other 28.0 27.7 Valuation allowance (33.5) (25.9) 241.3 214.9 Deferred tax liabilities Depreciation 96.8 99.5 Intangible assets 849.5 866.8 Lease ROU assets 16.1 13.2 Other 19.7 12.7 982.1 992.2 Net deferred tax liability $ (740.8) $ (777.3)
Schedule of Unrecognized Tax Benefits Roll Forward	The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended November 30: (millions) 2024 2023 2022 Balance at beginning of year $ 24.0 $ 25.1 $ 26.8 Additions for current year tax positions 4.4 3.9 4.7 Additions for prior year tax positions — 1.3 0.1 Reductions of prior year tax positions — (3.6) (0.8) Statute expirations (10.5) (1.3) (5.0) Settlements — (1.3) — Foreign currency translation (0.1) (0.1) (0.7) Balance at November 30 $ 17.8 $ 24.0 $ 25.1

Capital Stock, Earnings Per S_2

Capital Stock, Earnings Per Share And Stock Issuance (Tables)	12 Months Ended
	Nov. 30, 2024
Earnings Per Share [Abstract]
Reconciliation Of Average Shares Outstanding	The reconciliation of shares outstanding used in the calculation of basic and diluted earnings per share for the years ended November 30 follows: (millions) 2024 2023 2022 Average shares outstanding—basic 268.5 268.4 268.2 Effect of dilutive securities: Stock options/RSUs/LTPP 1.1 1.4 2.0 Average shares outstanding—diluted 269.6 269.8 270.2
Schedule Of Antidilutive Securities	The following table sets forth the stock options and RSUs for the years ended November 30 which were not considered in our earnings per share calculation since they were antidilutive: (millions) 2024 2023 2022 Antidilutive securities 3.4 2.2 0.9

Business Segments And Geograp_2

Business Segments And Geographic Areas (Tables)	12 Months Ended
	Nov. 30, 2024
Segment Reporting Information, Profit (Loss) [Abstract]
Schedule Of Segment Reporting Information	(millions) Consumer Flavor Solutions Total Corporate Total 2024 Net sales $ 3,848.5 $ 2,875.2 $ 6,723.7 $ — $ 6,723.7 Operating income excluding special charges 740.3 329.5 1,069.8 — 1,069.8 Income from unconsolidated operations 71.2 3.0 74.2 — 74.2 Assets — — 12,359.4 710.9 13,070.3 Capital expenditures — — 234.1 40.8 274.9 Depreciation and amortization — — 161.4 47.4 208.8 2023 Net sales $ 3,807.3 $ 2,854.9 $ 6,662.2 $ — $ 6,662.2 Operating income excluding special charges 735.5 288.7 1,024.2 — 1,024.2 Income from unconsolidated operations 54.7 1.7 56.4 — 56.4 Assets — — 12,233.1 629.2 12,862.3 Capital expenditures — — 234.9 29.0 263.9 Depreciation and amortization — — 155.4 43.9 199.3 2022 Net sales $ 3,757.9 $ 2,592.6 $ 6,350.5 $ — $ 6,350.5 Operating income excluding special charges and transaction and integration expenses 710.7 206.7 917.4 — 917.4 Income from unconsolidated operations 33.1 4.7 37.8 — 37.8 Assets — — 12,332.9 792.0 13,124.9 Capital expenditures — — 220.1 41.9 262.0 Depreciation and amortization — — 153.4 47.2 200.6
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	A reconciliation of operating income excluding special charges and transaction and integration expenses, to operating income for 2024, 2023, and 2022 is as follows: (millions) Consumer Flavor Solutions Total 2024 Operating income excluding special charges $ 740.3 $ 329.5 $ 1,069.8 Less: Special charges 3.4 6.1 9.5 Operating income $ 736.9 $ 323.4 $ 1,060.3 2023 Operating income excluding special charges $ 735.5 $ 288.7 $ 1,024.2 Less: Special charges 35.8 25.4 61.2 Operating income $ 699.7 $ 263.3 $ 963.0 2022 Operating income excluding special charges and transaction and integration 710.7 206.7 917.4 Less: Special charges 23.9 27.7 51.6 Less: Transaction and integration expenses — 2.2 2.2 Operating income $ 686.8 $ 176.8 $ 863.6
Net Sales And Long-Lived Assets Geographic Areas	We have net sales and long-lived assets in the following geographic areas: (millions) United EMEA Other Total 2024 Net sales $ 4,103.9 $ 1,239.3 $ 1,380.5 $ 6,723.7 Long-lived assets 8,017.9 1,117.0 824.5 9,959.4 2023 Net sales $ 4,083.8 $ 1,212.8 $ 1,365.6 $ 6,662.2 Long-lived assets 7,946.1 1,138.6 856.8 9,941.5 2022 Net sales $ 3,921.3 $ 1,116.4 $ 1,312.8 $ 6,350.5 Long-lived assets 7,892.5 1,051.7 854.6 9,798.8 Long-lived assets include property, plant and equipment, goodwill and intangible assets, net of accumulated depreciation and amortization.
Revenue from External Customers by Products and Services	Our net sales by product categories consist of the following: For the year ended November 30 (millions) 2024 2023 2022 Consumer segment: Spices & seasoning $ 1,651.0 $ 1,578.3 $ 1,538.7 Recipe mixes 437.7 430.5 428.0 Condiments & sauces 936.6 921.0 858.2 Regional leaders 823.2 877.5 933.0 Flavor solutions segment: Flavors 1,618.6 1,585.7 1,420.6 Branded foodservice 615.1 598.4 552.9 Custom condiments 336.8 317.1 280.8 Coatings, bulk spices & herbs 304.7 353.7 338.3 Total net sales $ 6,723.7 $ 6,662.2 $ 6,350.5

Supplemental Financial Statem_2

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

Summary Of Significant Accoun_4

Summary Of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Summary Of Significant Accounting Policies [Line Items]
Sales allowances	$ 206.4	$ 195.3
Operating Lease, Right-of-Use Asset	$ 211	220
Useful life	9 years
Research and development expense	$ 102.9	94.9	$ 87.5
Marketing and Advertising Expense	265	247.1	240.4
Advertising expense	218.8	198.1	187.2
Revenues	$ 6,723.7	6,662.2	6,350.5
Compensation Expense Associated With LTPP, Period Of Program	3 years
Accounts Payable, Trade	$ 417.4	300.5
Minimum [Member] | Headquarters building [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives (in years)	20 years
Minimum [Member] | Machinery, Equipment And Computer Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives (in years)	3 years
Minimum [Member] | Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life	3 years
Maximum [Member] | Headquarters building [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives (in years)	50 years
Maximum [Member] | Machinery, Equipment And Computer Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives (in years)	15 years
Maximum [Member] | Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful life	13 years
Americas [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenues	$ 4,801.9	4,756.9	4,551.7
EMEA [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenues	1,239.3	1,212.8	1,116.4
Asia Pacific [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenues	$ 682.5	$ 692.5	$ 682.4

Special Charges (Details)

Special Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Special Charges [Line Items]
Special charges	$ 9.5	$ 61.2	$ 51.6
Asset Impairment Charges	0	0	10
Total Special Charges
Special Charges [Line Items]
Gain (Loss) on Disposition of Intangible Assets	0	0	13.6
Other Accrued Liabilities
Special Charges [Line Items]
Special Charges, Reserve	2.7	25.2
Employee Severance Charges [Member]
Special Charges [Line Items]
Special charges	2.7	34.4	33.8
total special charges [Member]
Special Charges [Line Items]
Special charges	9.5	61.2	65.2
Americas [Member]
Special Charges [Line Items]
Special charges		8.8	8
Special charges cash
Special Charges [Line Items]
Special charges	6.8	24.6	7.4
RUSSIAN FEDERATION
Special Charges [Line Items]
Special charges			23.3
Severance and Related Benefits Special Charges			3.3
Other Restructuring Costs			2.1
Asset Impairment Charges			10
Investment Company, Realized and Unrealized Gain (Loss) on Investment and Foreign Currency			7.9
EMEA [Member]
Special Charges [Line Items]
Special charges		0.9	7.1
EMEA [Member] | Manufacturing Facility
Special Charges [Line Items]
Special charges	5	8.7	21.5
Severance and Related Benefits Special Charges	(1.5)		12.6
Other Restructuring Costs	6.5	7.1	2.7
Special Charges Forecasted Cost	41
Restructuring and Related Cost, Accelerated Depreciation		1.6	6.2
INDIA
Special Charges [Line Items]
Special charges			(2.2)
Special Charges Non-Cash
Special Charges [Line Items]
Special charges	0	2.2	24
U.S. Voluntary Retirement Program
Special Charges [Line Items]
Special charges			5.6
Other Restructuring Costs	0.3	9.7
Special Charges, Additional Amount Accrued			19.7
Global Operating Effectiveness (GOE) programs
Special Charges [Line Items]
Special charges	4.5	42.8
total special charges [Member]
Special Charges [Line Items]
Special charges	9.5	61.2	51.6
Consumer [Member]
Special Charges [Line Items]
Special charges	3.4	35.8	23.9
Consumer [Member] | total special charges [Member]
Special Charges [Line Items]
Special charges	3.4	35.8	23.9
Flavor Solutions [Member]
Special Charges [Line Items]
Special charges	6.1	25.4	27.7
Flavor Solutions [Member] | total special charges [Member]
Special Charges [Line Items]
Special charges	6.1	25.4	27.7
United States | Employee Severance Charges [Member]
Special Charges [Line Items]
Special charges	$ 4.2	$ 13.4	$ 5.6

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Goodwill [Line Items]
Goodwill	$ 5,227.5	$ 5,260.1
Asset Impairment Charges	0	0	$ 10
Intangible asset amortization expense	$ 35	34.9	35.1
Amortizable intangible assets average remaining life, in years	9 years
RUSSIAN FEDERATION
Goodwill [Line Items]
Asset Impairment Charges			10
Consumer Segment
Goodwill [Line Items]
Goodwill	$ 3,583.1	3,609.6	3,568.2
Flavor Solutions Segment
Goodwill [Line Items]
Goodwill	$ 1,644.4	$ 1,650.5	$ 1,644.7

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets (Schedule Of Amortized And Non-Amortized Intangible Assets) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying amount	$ 537.5	$ 540.4
Finite-lived intangible assets, Accumulated amortization	262.5	229.3
Goodwill	5,227.5	5,260.1
Indefinite-lived intangible assets, total	8,271.4	8,305.7
Total goodwill and intangible assets, Gross carrying amount	8,808.9	8,846.1
Total goodwill and intangible assets, Accumulated amortization	262.5	229.3
Goodwill [Member]
Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Goodwill	5,227.5	5,260.1
Brand Names [Member]
Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	3,043.9	3,045.6
Consumer Segment
Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Goodwill	3,583.1	3,609.6	$ 3,568.2
Flavor Solutions Segment
Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 1,644.4	$ 1,650.5	$ 1,644.7

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets (Changes In The Carrying Amount Of Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Goodwill [Roll Forward]
Beginning of year	$ 5,260.1
End of year	5,227.5	$ 5,260.1
Consumer Segment
Goodwill [Roll Forward]
Beginning of year	3,609.6	3,568.2
Goodwill, Written off Related to Sale of Business Unit	0	0
Foreign currency fluctuations	(26.5)	41.4
End of year	3,583.1	3,609.6
Flavor Solutions Segment
Goodwill [Roll Forward]
Beginning of year	1,650.5	1,644.7
Goodwill, Written off Related to Sale of Business Unit	0	(0.4)
Foreign currency fluctuations	(6.1)	6.2
End of year	$ 1,644.4	$ 1,650.5

Investments In Affiliates (Narr

Investments In Affiliates (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Investments in and Advances to Affiliates [Line Items]
Results of unconsolidated affiliates, percentage	100%
McCormick de Mexico, S.A. de C.V. [Member]
Investments in and Advances to Affiliates [Line Items]
Percentage ownership interest in unconsolidated affiliates businesses	50%
Equity Method Investment, Ownership Percentage	50%
Unconsolidated Affiliates [Member]
Investments in and Advances to Affiliates [Line Items]
Royalty Income, Nonoperating	$ 37	$ 35.1	$ 27.3
McCormick de Mexico, S.A. de C.V. [Member] | Unconsolidated Affiliates [Member]
Investments in and Advances to Affiliates [Line Items]
Percent of income from unconsolidated operations from joint ventures	95%	95%	84%

Investments In Affiliates (Summ

Investments In Affiliates (Summarized Annual And Year-End Information Of Unconsolidated Affiliates) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Investments in and Advances to Affiliates [Line Items]
Revenues	$ 6,723.7	$ 6,662.2	$ 6,350.5
Gross Profit	2,591	2,502.5	2,274.5
Assets, Current	2,139	2,001.6
Liabilities, Current	2,882.8	3,098.9
Unconsolidated Affiliates [Member]
Investments in and Advances to Affiliates [Line Items]
Revenues	1,281.5	1,193.2	998.1
Gross Profit	519.3	446.9	338.1
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	162.8	124.3	86.5
Assets, Current	497.4	522.1	494.8
Assets, Noncurrent	112.7	122.4	109.7
Liabilities, Current	304.4	336.5	257.7
Liabilities, Noncurrent	$ 6.9	$ 7.6	$ 8.4

Financing Arrangements (Compone

Financing Arrangements (Components Of Outstanding Debt) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Oct. 31, 2024	Nov. 30, 2023
Schedule of Short Term and Long Term Debt [Line Items]
Commercial paper	$ 431.3		$ 269.4
Other	51.8		2.8
Short-term borrowings, total	$ 483.1		$ 272.2
Weighted-average interest rate of short-term borrowings at year-end	4.70%		5.50%
Other	$ 119.8		$ 159.1
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	(61)		(74.9)
Long-term debt	3,858.8		4,139.2
Less current portion	(265.2)		(799.3)
Long-term debt, excluding current maturities	3,593.6		3,339.9
Debt Instrument, Unamortized Discount	26		25.4
Interest Rate Derivatives, at Fair Value, Net	(35)		(49.5)
Notes Payable, Other Payables | 3.15% notes due 8/15/2024
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 0		700
Stated Note interest rate	3.15%
Notes Payable, Other Payables | 3.25%notes due 11/15/2025(1)
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 250		$ 250
Weighted average fixed rate	3.45%
Stated Note interest rate	3.25%
Debt Instrument Basis Spread Increase On Variable Rate	1.487%		1.22%
Debt Instrument, effective interest rate	5.92%
Notes Payable, Other Payables | 0.90% Notes due Feb 2026
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 500		$ 500
Stated Note interest rate	0.90%
Notes Payable, Other Payables | 3.40% notes due 8/15/2027(2)
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 750		$ 750
Weighted average fixed rate	3.44%
Stated Note interest rate	3.40%
Debt Instrument Basis Spread Increase On Variable Rate	0.907%		0.685%
Debt Instrument, effective interest rate	5.73%
Notes Payable, Other Payables | 2.50% notes due 4/15/2030(3)
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 500		$ 500
Weighted average fixed rate	2.62%
Stated Note interest rate	2.50%
Debt Instrument, effective interest rate	5.22%
Notes Payable, Other Payables | 1.85% Notes due Feb 2031
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 500		500
Stated Note interest rate	1.85%
Notes Payable, Other Payables | 4.95% notes due 4/15/2033
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 500		500
Weighted average fixed rate	5%
Stated Note interest rate	4.95%
Notes Payable, Other Payables | 4.20% notes due 8/15/2047
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 300		300
Stated Note interest rate	4.20%
Notes Payable, Other Payables | 7.63%–8.12% notes due 2024
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 0		55
Notes Payable, Other Payables | Interest Rate Swap [Member] | 3.40% notes due 8/15/2027(2)
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	250
Notes Payable, Other Payables | Interest Rate Swap [Member] | 2.50% notes due 4/15/2030(3)
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	250
Notes Payable, Other Payables | Interest Rate Swap [Member] | 5.20% Notes Due 2015
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	100
Senior Notes | Senior Unsecured Notes
Schedule of Short Term and Long Term Debt [Line Items]
Notes outstanding	$ 500		$ 0
Stated Note interest rate	4.70%	4.70%
Debt Instrument, effective interest rate	4.68%
Minimum [Member] | Notes Payable, Other Payables | 7.63%–8.12% notes due 2024
Schedule of Short Term and Long Term Debt [Line Items]
Stated Note interest rate	7.63%
Maximum [Member] | Notes Payable, Other Payables | 7.63%–8.12% notes due 2024
Schedule of Short Term and Long Term Debt [Line Items]
Stated Note interest rate	8.12%

Financing Arrangements (Maturit

Financing Arrangements (Maturities Of Long-Term Debt) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Financing Arrangements [Abstract]
2025	$ 265.2	$ 799.3
2026	509.3
2027	759.7
2028	10.3
2029	18
Thereafter	$ 2,357.3

Financing Arrangements (Narrati

Financing Arrangements (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2024	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022	Apr. 30, 2023
Debt Instrument [Line Items]
Short-term borrowings		$ 483.1	$ 272.2
Accounts Receivable, Amount Sold		106.9	19.6
Accounts Receivable, Amount Collected and Not Yet Remitted		9.6
Treasury Lock [Member]
Debt Instrument [Line Items]
Derivatives, Notional Amount		250
Treasury Lock [Member] | Cash flow hedges
Debt Instrument [Line Items]
Unrealized Gain (Loss) on Derivatives		2.6
Letter Of Credit [Member]
Debt Instrument [Line Items]
Total unused capacity		13.7
Outstanding letters of credit		$ 61.5	62.4
4.950% Senior Unsecured Notes Due 2023
Debt Instrument [Line Items]
Stated Note interest rate					4.95%
Short-term borrowings					$ 500
Revolving Credit Facility [Member] | Credit Facility Expiring June 2026
Debt Instrument [Line Items]
Debt instrument, term		5 years
Credit facility		$ 1,500
Revolving Credit Facility [Member] | Credit Facility Expiring June 2024
Debt Instrument [Line Items]
Debt instrument, term		364 days
Credit facility		$ 500
Revolving Credit Facility [Member] | Credit Facility Expiring July 2026
Debt Instrument [Line Items]
Debt instrument, term		5 years
Revolving Credit Facility [Member] | Credit Facility Expiring July 2026 | Secured Overnight Financing Rate (SOFR), Addition
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Revolving Credit Facility [Member] | Credit Facility Expiring July 2026 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
Revolving Credit Facility [Member] | Credit Facility Expiring June 2023
Debt Instrument [Line Items]
Debt instrument, term		364 days
Credit facility		$ 500
Revolving Credit Facility [Member] | Credit Facility Expiring July 2022
Debt Instrument [Line Items]
Debt instrument, term		364 days
Credit facility		$ 500
Revolving Credit Facility [Member] | Maximum [Member] | Credit Facility Expiring June 2024 | Secured Overnight Financing Rate (SOFR), Addition
Debt Instrument [Line Items]
Basis spread on variable rate		1.60%
Revolving Credit Facility [Member] | Maximum [Member] | Credit Facility Expiring July 2026 | Secured Overnight Financing Rate (SOFR), Addition
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility [Member] | Maximum [Member] | Credit Facility Expiring July 2026 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility [Member] | Minimum [Member] | Credit Facility Expiring June 2024 | Secured Overnight Financing Rate (SOFR), Addition
Debt Instrument [Line Items]
Basis spread on variable rate		1.23%
Line of Credit
Debt Instrument [Line Items]
Credit facility		$ 1,568.7
Maximum borrowing capacity		326.8
Total unused capacity		308.9
Committed credit facilities, fee		$ 2.3	$ 2.4	$ 2.1
Senior Notes | Senior Unsecured Notes
Debt Instrument [Line Items]
Stated Note interest rate	4.70%	4.70%
Debt Instrument, Face Amount	$ 500	$ 500
Senior Notes | Senior Unsecured Notes | Treasury Lock [Member] | Cash flow hedges
Debt Instrument [Line Items]
Derivative, Notional Amount	150
Senior Notes | Senior Unsecured Notes | Treasury Lock [Member] | Cash flow hedges | Interest Expense [Member]
Debt Instrument [Line Items]
Interest expense	$ 0.9

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Leases [Abstract]
Operating lease cost	$ 75.7	$ 74.6	$ 47
Amortization of ROU assets	9	9	9
Interest on lease liabilities	3.7	3.9	4.1
Net lease cost	$ 88.4	$ 87.5	$ 60.1

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022	Apr. 30, 2019
Lessee, Lease, Description [Line Items]
Current finance lease liabilities	$ 8.8	$ 8.3
Noncurrent finance lease liabilities	94.5	103
Total lease liabilities	103.3
Operating Lease, Right-of-Use Asset	211	220
Operating Lease, Liability	222.3
Current operating lease liabilities	55.7	53.3
Noncurrent operating lease liabilities	166.6	179.9
Headquarters building
Lessee, Lease, Description [Line Items]
Finance lease, right-of-use asset, accumulated amortization	8.7
Current finance lease liabilities	8.5	8
Noncurrent finance lease liabilities	92.4	100.9
Total lease liabilities	$ 100.9	108.9
Lessee, Finance Lease, Term of Contract				15 years
Distribution Facility
Lessee, Lease, Description [Line Items]
Residential Value of Leased Asset, Guarantee, Percenntage	76.50%
Operating Lease, Expense	$ 28.8	27.9	$ 5.2
Lessee, Operating Lease, Term of Contract	5 years
Operating Lease, Right-of-Use Asset	$ 50.6	64.9
Operating Lease, Liability	52.5	68
Current operating lease liabilities	16.9	16.2
Noncurrent operating lease liabilities	35.6	$ 51.8
Lessor, Operating Lease, Construction Costs	$ 310

Leases - Supplemental Informati

Leases - Supplemental Information - (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 211	$ 220
Finance lease ROU assets	86.1	94.8
Total leased assets	297.1	314.8
Current operating lease liabilities	55.7	53.3
Current finance lease liabilities	8.8	8.3
Noncurrent operating lease liabilities	166.6	179.9
Noncurrent finance lease liabilities	94.5	103
Total lease liabilities	$ 325.6	$ 344.5
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Investments and Other Noncurrent Assets	Investments and Other Noncurrent Assets
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of long-term debt	Current portion of long-term debt
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Operating leases, weighted-average remaining lease term (years)	5 years 2 months 12 days	5 years 8 months 12 days
Finance leases, weighted-average remaining lease term (years)	10 years 2 months 12 days	11 years 2 months 12 days
Operating leases, weighted-average discount rate (percent)	3.90%	3.90%
Finance leases, weighted-average discount rate (percent)	3.40%	3.40%

Leases - Maturities (Details)

Leases - Maturities (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Leases, Operating [Abstract]
2025	$ 63.9
2026	58.1
2027	52.3
2028	20.6
2029	13.9
Thereafter	40.1
Total lease payments	248.9
Less: Imputed interest	26.6
Operating Lease, Liability	222.3
Lessee, Finance Lease, Description [Abstract]
2025	11.8
2026	12
2027	12.2
2028	12.5
2029	12.7
Thereafter	69
Total lease payments	130.2
Less: Imputed interest	26.9
Finance Lease, Liability	103.3
2025	75.7
2026	70.1
2027	64.5
2028	33.1
2029	26.6
Thereafter	109.1
Total lease payments	379.1
Less: Imputed interest	53.5
Total lease liabilities	$ 325.6	$ 344.5

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Leases [Abstract]
Operating cash flows used for operating leases	$ 66.8	$ 64.5	$ 41.4
Operating cash flows used for finance leases	3.7	3.9	4.1
Financing cash flows used for finance leases	8	7.6	7.3
ROU assets obtained in exchange for lease liabilities	$ 47.6	$ 52.1	$ 133.8

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) £ in Millions	12 Months Ended
	Nov. 30, 2024 USD ($)	Nov. 30, 2023 USD ($)	Nov. 30, 2022 USD ($)	Nov. 30, 2024 GBP (£)	Nov. 30, 2024 EUR (€)	Feb. 15, 2023	Mar. 31, 2022 USD ($)
Derivative [Line Items]
Maximum time frame for short-term foreign exchange contracts	12 months
Other comprehensive income (loss) expected to be reclassified in income in next 12 months	$ 100,000
Derivative Asset, Fair Value, Gross Asset	42,000,000	$ 27,100,000
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ 0	$ 18,700,000
Customer Concentration Risk | Revenue Benchmark
Derivative [Line Items]
Concentration Risk Threshold percentage	10%
Treasury Lock [Member]
Derivative [Line Items]
Derivatives, Notional Amount	$ 250,000,000
Short-term Contract with Customer
Derivative [Line Items]
Investment Foreign Currency, Contracts, Foreign Currency Amount	200,100,000
Cross Currency Swap, Expires November 2025
Derivative [Line Items]
Derivative Asset, Notional Amount	100,000,000
Cross Currency Swap, Expires August 2027
Derivative [Line Items]
Derivative Asset, Notional Amount	250,000,000
Interest Rate Swap [Member] | Treasury Lock [Member]
Derivative [Line Items]
Interest on interest rate swap contracts							1.89%
Notes payable							$ 200,000,000
Derivatives, Notional Amount	100,000,000						$ 200,000,000
Credit Facility Expiring June 2024 | Revolving Credit Facility [Member]
Derivative [Line Items]
Credit facility	$ 500,000,000
Debt instrument, term	364 days
3.40% notes due 8/15/2027(2) | Interest Rate Swap [Member] | Treasury Lock [Member]
Derivative [Line Items]
Interest on interest rate swap contracts	3.40%			3.40%	3.40%
Derivative, Basis Spread on Variable Rate	0.907%			0.907%	0.907%
Derivatives, Notional Amount	$ 250,000,000
Stated Note interest rate	3.40%			3.40%	3.40%
Notes outstanding	$ 750,000,000
2.5% Notes due April 2030 | Interest Rate Swap [Member] | Treasury Lock [Member]
Derivative [Line Items]
Interest on interest rate swap contracts	2.50%			2.50%	2.50%
Derivative, Basis Spread on Variable Rate	0.684%			0.684%	0.684%
Derivatives, Notional Amount	$ 250,000,000
Stated Note interest rate	2.50%			2.50%	2.50%
Notes outstanding	$ 500,000,000
3.25%notes due 11/15/2025(1) | Interest Rate Swap [Member] | Treasury Lock [Member]
Derivative [Line Items]
Interest on interest rate swap contracts	3.25%			3.25%	3.25%
Derivative, Basis Spread on Variable Rate	1.487%			1.487%	1.487%
Notes Payable, Other Payables | 3.25%notes due 11/15/2025(1)
Derivative [Line Items]
Debt Instrument Basis Spread Increase On Variable Rate	1.487%	1.22%		1.487%	1.487%
Stated Note interest rate	3.25%			3.25%	3.25%
Notes outstanding	$ 250,000,000	$ 250,000,000
Notes Payable, Other Payables | 2.50% notes due 4/15/2030(3)
Derivative [Line Items]
Stated Note interest rate	2.50%			2.50%	2.50%
Notes outstanding	$ 500,000,000	500,000,000
Notes Payable, Other Payables | 2.50% notes due 4/15/2030(3) | Interest Rate Swap [Member]
Derivative [Line Items]
Notes outstanding	250,000,000
Fair value hedges | Foreign Exchange Contracts [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	374,400,000	161,300,000
Net Investment Hedging [Member] | Interest Rate Contracts [Member] | Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	0	$ 0
Net Investment Hedging [Member] | Interest Rate Swap II [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 250,000,000
Stated Note interest rate	3.25%			3.25%	3.25%
Notes outstanding	$ 250,000,000
Net Investment Hedging [Member] | Interest Rate Swap [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 250,000,000
Derivative, Collateral, Obligation to Return Cash | £				£ 194.1
Net Investment Hedging [Member] | Interest Rate Swap [Member] | Cross Currency Interest Rate Contract II [Member]
Derivative [Line Items]
Derivative, Collateral, Obligation to Return Cash | €					€ 221,800,000
United States LIBOR [Member] | Net Investment Hedging [Member] | Interest Rate Swap [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate	0.907%			0.907%	0.907%
Great Britain LIBOR [Member] | Net Investment Hedging [Member] | Interest Rate Swap [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate		0.685%
EURIBOR [Member] | Net Investment Hedging [Member] | Interest Rate Swap [Member] | Cross Currency Interest Rate Contract II [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate	0.808%			0.808%	0.808%
Great Britain SONIA | Net Investment Hedging [Member] | Cross Currency Interest Rate Contract II [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate	0.574%			0.574%	0.574%
Derivative, Collateral, Obligation to Return Cash | £				£ 184.1
Great Britain SONIA | Net Investment Hedging [Member] | Interest Rate Swap II [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate	0.574%			0.574%	0.574%
Derivative, Collateral, Obligation to Return Cash | £				£ 184.1
Great Britain SONIA | Net Investment Hedging [Member] | Interest Rate Swap [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate	0.859%			0.859%	0.859%
EURO ESTR | Net Investment Hedging [Member] | Cross Currency Interest Rate Contract II [Member]
Derivative [Line Items]
Derivative, Variable Interest Rate	0.667%			0.667%	0.667%
Derivative, Collateral, Obligation to Return Cash | €					€ 219,200,000
USD SOFR | Notes Payable, Other Payables | 2.50% notes due 4/15/2030(3) | Interest Rate Swap II [Member]
Derivative [Line Items]
Debt Instrument Basis Spread Increase On Variable Rate	0.684%			0.684%	0.684%
USD SOFR | Net Investment Hedging [Member] | Interest Rate Swap II [Member] | Cross Currency Interest Rate Contract I [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 250,000,000
SOFR | Interest Rate Swap [Member] | Cross Currency Swap, Expires November 2025
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	1.487%			1.487%	1.487%
SOFR | Interest Rate Swap [Member] | Cross Currency Swap, Expires August 2027
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	0.907%			0.907%	0.907%
U.S. LIBOR | Interest Rate Swap [Member] | Cross Currency Swap, Expires November 2025
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate						1.22%
U.S. LIBOR | Interest Rate Swap [Member] | Cross Currency Swap, Expires August 2027
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate						0.685%

Financial Instruments (Foreign

Financial Instruments (Foreign Currency Exchange Contract) (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	$ 1,034.2	$ 1,000.4
Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	818.1	765.4
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	$ 216.1	$ 235

Financial Instruments (Fair Val

Financial Instruments (Fair Values Of Derivative Instruments) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Derivatives, Fair Value [Line Items]
Fair Value of Interest rate contracts	$ (35)	$ (49.5)
Derivative Asset, Fair Value, Gross Asset	42	27.1
Fair Value of Liability Derivatives	50.4	76.3
Fair Value, Measurements, Recurring [Member]
Derivatives, Fair Value [Line Items]
Interest rate derivatives		52.8
Foreign Exchange Contracts [Member] | Other Current Assets [Member] | Fair value hedges
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	374.4	161.3
Foreign Exchange Contracts [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair value hedges
Derivatives, Fair Value [Line Items]
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net		2.5
Foreign Exchange Contracts [Member] | Other Accrued Liabilities [Member] | Fair value hedges
Derivatives, Fair Value [Line Items]
Total notional amount of interest rate swap contracts	659.8	839.1
Foreign Exchange Contracts [Member] | Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | Fair value hedges
Derivatives, Fair Value [Line Items]
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net		16
Foreign Exchange Contracts [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivatives		2.5
Foreign Exchange Contracts [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member] | Fair value hedges
Derivatives, Fair Value [Line Items]
Foreign currency derivatives	5.2
Foreign Exchange Contracts [Member] | Liability [Member] | Fair Value, Measurements, Recurring [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivatives		16
Foreign Exchange Contracts [Member] | Liability [Member] | Fair Value, Measurements, Recurring [Member] | Fair value hedges
Derivatives, Fair Value [Line Items]
Foreign currency derivatives	12.5
Cross Currency Interest Rate Contract | Other Long-term Investments [Member] | Cash flow hedges
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	945.5	719.6
Cross Currency Interest Rate Contract | Assets [Member] | Fair Value, Measurements, Recurring [Member]
Derivatives, Fair Value [Line Items]
Cross Currency Contracts, Fair Value		24.6
Cross Currency Interest Rate Contract | Assets [Member] | Fair Value, Measurements, Recurring [Member] | Cash flow hedges
Derivatives, Fair Value [Line Items]
Cross Currency Contracts, Fair Value	36.8	24.6
Cross Currency Interest Rate Contract | Liability [Member] | Fair Value, Measurements, Recurring [Member]
Derivatives, Fair Value [Line Items]
Cross Currency Contracts, Fair Value		7.5
Cross Currency Interest Rate Contract | Liability [Member] | Fair Value, Measurements, Recurring [Member] | Cash flow hedges
Derivatives, Fair Value [Line Items]
Cross Currency Contracts, Fair Value	0	7.5
Cross Currency Interest Rate Contract | Other Noncurrent Liabilities | Cash flow hedges
Derivatives, Fair Value [Line Items]
Total notional amount of interest rate swap contracts	0	238.9
Interest Rate Contracts [Member] | Other Current Assets [Member] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	0	0
Fair Value of Interest rate contracts		0
Interest Rate Contracts [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Fair Value of Interest rate contracts	0
Interest Rate Contracts [Member] | Other Accrued Liabilities [Member] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Total notional amount of interest rate swap contracts	600	600
Interest rate derivatives		$ 52.8
Interest Rate Contracts [Member] | Liability [Member] | Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Interest rate derivatives	37.9
Cross Currency Swap, Expires November 2025
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	100
Cross Currency Swap, Expires August 2027
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	$ 250

Financial Instruments (Fair V_2

Financial Instruments (Fair Value Hedges) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Other income, net	$ 47.4	$ 43.9	$ 98.3
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI	1	0.3	20.8
Foreign Exchange Contracts [Member] | Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Other income, net	(9)	(16.2)	6.6
Foreign Exchange Contracts [Member] | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI	1.6	0.2	1.6
Loans Payable [Member] | Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Other income, net	4	15.6	(6.3)
Interest Rate Contracts [Member] | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI	(0.6)	0.1	19.2
Cross Currency Interest Rate Contract | Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI	$ 9.1	$ 11.2	$ 7.3

Financial Instruments (Cash Flo

Financial Instruments (Cash Flow Hedges) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense, Other income, net	Interest expense, Other income, net	Interest expense, Other income, net
Foreign Exchange Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Goods and Services Sold	Cost of Goods and Services Sold	Cost of Goods and Services Sold
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI	$ (0.1)	$ (3.3)	$ 24
Gain (loss) reclassified from AOCI	1	0.3	20.8
Cash flow hedges | Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI	0	(2.6)	18.7
Gain (loss) reclassified from AOCI	(0.6)	0.1	19.2
Cash flow hedges | Foreign Exchange Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI	(0.1)	(0.7)	5.3
Gain (loss) reclassified from AOCI	1.6	0.2	1.6
Fair value hedges | Interest Rate Contracts [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	(19.7)	(17.7)	4
Net Investment Hedging [Member] | Cross Currency Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	19.5	(18.4)	37.6
Gain (loss) reclassified from AOCI	$ 9.1	$ 11.2	$ 7.3

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount, long-term debt	$ 3,858.8	$ 4,139.2
Fair value, long-term debt	3,677.1	3,841
Cash and cash equivalents	186.1	166.6
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, long-term debt	3,557.3	3,682
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, long-term debt	119.8	159
Interest Rate Contracts [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate derivatives	0
Interest Rate Contracts [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate derivatives	37.9
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate derivatives		52.8
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate derivatives		52.8
Fair Value, Measurements, Recurring [Member] | Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents		166.6
Insurance contracts	129.2	114.7
Bonds and other long-term investments	1.3	0.3
Total	358.6	308.7
Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	186.1	166.6
Insurance contracts	0	0
Bonds and other long-term investments	1.3	0.3
Total	187.4	166.9
Fair Value, Measurements, Recurring [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Insurance contracts	129.2	114.7
Bonds and other long-term investments	0	0
Total	171.2	141.8
Fair Value, Measurements, Recurring [Member] | Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	50.4	76.3
Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Fair Value, Measurements, Recurring [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	50.4	76.3
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract | Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross Currency Contracts, Fair Value		24.6
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract | Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross Currency Contracts, Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract | Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross Currency Contracts, Fair Value	36.8	24.6
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract | Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross Currency Contracts, Fair Value		7.5
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract | Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross Currency Contracts, Fair Value		0
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Contract | Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross Currency Contracts, Fair Value		7.5
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contracts [Member] | Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives		2.5
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contracts [Member] | Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives	0	0
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contracts [Member] | Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives	5.2	2.5
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contracts [Member] | Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives		16
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contracts [Member] | Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives	0	0
Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contracts [Member] | Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives	$ 12.5	$ 16

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income-Components of Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income, Other, Net of Tax	$ 86.3	$ (99.6)
Foreign currency translation adjustment	(392)	(305.7)
Unamoritzed value of settled interest rate swaps	(1.6)	(2.7)
Pension and other postretirement costs	(99.7)	(81)
Accumulated other comprehensive loss	(491.2)	(388.6)
Interest expense	(209.4)	(208.2)	$ (149.1)
Cost of Goods and Services Sold	4,132.7	4,159.7	4,076
Tax effect	184	174.5	168.6
Net, after tax	(7.5)	(5.5)	(6.2)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	0.3	0.3	0.3
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	3.4	2.1	9.9
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	3.1	1.8	10.2
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax	0.8	0.4	2.4
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax	2.3	1.4	7.8
Derivative, Gain (Loss) on Derivative, Net	0	0	(18.7)
Foreign Exchange Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized net gain on foreign currency exchange contracts	2.1	0.8
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before taxes	(1)	(0.3)	(20.8)
Tax effect	0.2	0.1	4.9
Net, after tax	(0.8)	(0.2)	(15.9)
Reclassification out of Accumulated Other Comprehensive Income | Interest Rate Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	0.6	(0.1)	(0.5)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Exchange Contracts [Member] | Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	$ (1.6)	$ (0.2)	$ (1.6)

Employee Benefit And Retireme_3

Employee Benefit And Retirement Plans (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Employee Benefit And Retirement Plans [Line Items]
Unrecognized actuarial losses and unrecognized prior service credit, before tax	$ 127.2
Unrecognized actuarial losses and unrecognized prior service credit, net of tax	99.7	$ 81
Fair value of plan assets at beginning of year	0	0	$ 0
Non-current pension asset	122.4	127.1
Dividends paid	$ 451	$ 418.5	396.7
Assumed annual increase in cost of health care benefits	7.60%	8.50%
Ultimate health care cost trend rate	4.50%	4.50%
Long-term Debt, Fair Value	$ 3,677.1	$ 3,841
Dividends	459.1	426.6	402.3
Payments of Ordinary Dividends	0.8	0.9
Fair Value, Inputs, Level 2 [Member]
Employee Benefit And Retirement Plans [Line Items]
Long-term Debt, Fair Value	$ 119.8	159
Defined Contribution Retirement Plans [Member]
Employee Benefit And Retirement Plans [Line Items]
Percentage of participant contribution considered for first condition of plan	100%
Percentage of participant salary under first condition of plan	3%
Percentage of participant contribution considered for second condition of plan	66.70%
Percentage of participant salary under second condition of plan	3%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	3%
Defined Contribution Plan, Cost	$ 34.7	29.7	30.5
Dividends paid	3.6	3.8
Supplemental Employee Retirement Plan [Member]
Employee Benefit And Retirement Plans [Line Items]
Benefit obligation	75.1	72.7
Non-current pension asset	73.1	70.2
Other Postretirement Benefits [Member]
Employee Benefit And Retirement Plans [Line Items]
Benefit obligation	$ 45	$ 47.1	52.9
Age after which employees retire	55 years
Minimum number of years in service	5 years
Assumed discount rate	5.20%	5.40%
Employer contributions	$ 4.2	$ 4.1
U.S. Equity Securities [Member]
Employee Benefit And Retirement Plans [Line Items]
Fair value of McCormick stock held in plan assets		$ 35.5
Number of shares of McCormick stock held in plan assets		0.6
Percentage of pension plan assets in equity securities		5.40%
Defined Benefit Plan, Equity Securities [Member] | Defined Contribution Retirement Plans [Member]
Employee Benefit And Retirement Plans [Line Items]
Fair value of McCormick stock held in plan assets	$ 159.5
Number of shares of McCormick stock held in plan assets	2.1
United States
Employee Benefit And Retirement Plans [Line Items]
Unrecognized actuarial losses and unrecognized prior service credit, net of tax	$ 84.8	$ 70.4
Benefit obligation	695	645.3	687.5
Fair value of plan assets at beginning of year	670.7	630.7	657.7
Accrued liability related to the plan	78.3	76.4
Non-current pension asset	54	61.7
Funded status	(24.3)	(14.6)
Accumulated benefit obligation	$ 692	$ 641.8
Percentage of pension plan assets in equity securities	100%	100%
Employer contributions	$ 9.2	$ 8.3
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	39.6	42.3	42.8
United States | Fair Value, Inputs, Level 2 [Member]
Employee Benefit And Retirement Plans [Line Items]
Fair value of plan assets at beginning of year	592.6	399.7
United States | U.S. Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Employee Benefit And Retirement Plans [Line Items]
Fair value of plan assets at beginning of year	81.2	73
Foreign Plan [Member]
Employee Benefit And Retirement Plans [Line Items]
Unrecognized actuarial losses and unrecognized prior service credit, net of tax	31.1	28.6
Benefit obligation	216.9	214	220.1
Fair value of plan assets at beginning of year	272.4	267	275.1
Accrued liability related to the plan	12.9	12.4
Non-current pension asset	68.4	65.3
Funded status	55.5	53
Accumulated benefit obligation	$ 214.5	$ 211.8
Percentage of pension plan assets in equity securities	100%	100%
Employer contributions	$ 0.8	$ 0.9
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	16.1	15.1	$ 12.3
Foreign Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Employee Benefit And Retirement Plans [Line Items]
Fair value of plan assets at beginning of year	$ 266	$ 256.4

Employee Benefit And Retireme_4

Employee Benefit And Retirement Plans (Significant Assumptions Used To Determine Benefit Obligations) (Details)	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
United States
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	0%	0%	0%
Expected return on plan assets	6.30%	6.80%	6.80%
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	2.90%	2.90%	2.90%
Expected return on plan assets	5.20%	4.90%	3.70%
Funded Plan [Member] | United States
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	5.30%	6%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	0%	0%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	6%	5.40%	2.90%
Funded Plan [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.70%	5.10%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	2.90%	2.90%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	5.10%	4.50%	2.10%
Unfunded Plan [Member] | United States
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	5.30%	6%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	6%	5.40%	2.80%
Unfunded Plan [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	0%	0%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	0%	0%	0%

Employee Benefit And Retireme_5

Employee Benefit And Retirement Plans (Components Of Defined Benefit Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Net Periodic Benefit Cost Credit Expected Return Loss Statement Of Income Or Comprehensive Income, Extensible List, Not Disclosed Flag	Expected return on plan assets	Expected return on plan assets	Expected return on plan assets
Defined Benefit Plan Net Periodic Benefit Cost Credit Amortization Of Gain Loss Statement Of Income Or Comprehensive Income, Extensible List, Not Disclosed Flag	Amortization of net actuarial loss (gain)	Amortization of net actuarial loss (gain)	Amortization of net actuarial loss (gain)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.8	$ 1.3	$ 1.8
Interest costs	2.4	2.6	1.6
Amortization of prior service costs	(0.3)	(0.3)	(0.3)
Amortization of net actuarial loss (gain)	(2.7)	(2.2)	(0.3)
Total expense	0.2	1.4	2.8
United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	1.5	2	3.6
Interest costs	37.3	36.1	26.3
Expected return on plan assets	(39.6)	(42.3)	(42.8)
Amortization of prior service costs	0.5	0.5	0.5
Amortization of net actuarial loss (gain)	(0.4)	0.2	8.6
Settlement loss	0	0	0
Total expense	(0.7)	(3.5)	(3.8)
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.6	0.6	0.9
Interest costs	10.6	9.9	7
Expected return on plan assets	(16.1)	(15.1)	(12.3)
Amortization of prior service costs	0.1	0.1	0.1
Amortization of net actuarial loss (gain)	(0.3)	(0.1)	1.3
Settlement loss	0	0	0.3
Total expense	$ (5.1)	$ (4.6)	$ (2.7)

Employee Benefit And Retireme_6

Employee Benefit And Retirement Plans (Benefit Obligation, Fair Value Of Plan Assets And Reconciliation Of Defined Benefit Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$ 0	$ 0
Participant contributions	2.8	2.5
Fair value of plan assets at end of year	0	0	$ 0
Other Postretirement Benefits [Member]
Change in benefit obligation:
Benefit obligation at beginning of year	47.1	52.9
Service cost	0.8	1.3	1.8
Interest costs	2.4	2.6	1.6
Actuarial (gain) loss	(1.1)	(5.6)
Benefits paid	(7)	(6.6)
Benefit obligation at end of year	45	47.1	52.9
Change in fair value of plan assets:
Employer contributions	4.2	4.1
Participant contributions	2.8	2.5
Other postretirement benefit liability	45	47.1
United States
Change in benefit obligation:
Benefit obligation at beginning of year	645.3	687.5
Service cost	1.5	2	3.6
Interest costs	37.3	36.1	26.3
Plan settlements	0	0
Actuarial (gain) loss	56.3	(34.7)
Benefits paid	(45.4)	(45.6)
Foreign currency impact	0	0
Benefit obligation at end of year	695	645.3	687.5
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	630.7	657.7
Actual return on plan assets	76.2	10.3
Employer contributions	9.2	8.3
Foreign currency impact	0	0
Fair value of plan assets at end of year	670.7	630.7	657.7
Funded status	(24.3)	(14.6)
Projected benefit obligation	116.3	109.1
Accumulated benefit obligation	113.3	105.5
Fair value of plan assets	38	32.7
Foreign Plan [Member]
Change in benefit obligation:
Benefit obligation at beginning of year	214	220.1
Service cost	0.6	0.6	0.9
Interest costs	10.6	9.9	7
Plan settlements	0	(0.1)
Actuarial (gain) loss	7.8	(11.1)
Benefits paid	(13.5)	(13.3)
Foreign currency impact	(2.6)	7.9
Benefit obligation at end of year	216.9	214	220.1
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	267	275.1
Actual return on plan assets	21.1	(5.3)
Employer contributions	0.8	0.9
Foreign currency impact	(3)	9.6
Fair value of plan assets at end of year	272.4	267	$ 275.1
Funded status	55.5	53
Projected benefit obligation	14.7	14
Accumulated benefit obligation	12.3	11.7
Fair value of plan assets	$ 1.8	$ 1.6

Employee Benefit And Retireme_7

Employee Benefit And Retirement Plans (Amounts Recorded In Balance Sheet, Defined Benefit Pension Plans) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Non-current pension asset	$ 122.4	$ 127.1
Accumulated other comprehensive loss, net of tax	99.7	81
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Non-current pension asset	68.4	65.3
Accrued pension liability	12.9	12.4
Deferred income tax assets	3.8	3.3
Accumulated other comprehensive loss, net of tax	31.1	28.6
United States
Defined Benefit Plan Disclosure [Line Items]
Non-current pension asset	54	61.7
Accrued pension liability	78.3	76.4
Deferred income tax assets	28.6	23.3
Accumulated other comprehensive loss, net of tax	$ 84.8	$ 70.4

Employee Benefit And Retireme_8

Employee Benefit And Retirement Plans (Allocations Of Pension Plan Assets) (Details)	Nov. 30, 2024	Nov. 30, 2023
United States
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	100%	100%
Equity securities, Target	100%
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	100%	100%
Equity securities, Target	100%
Equity Securities [Member] | United States
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	22.10%	34.30%
Equity securities, Target	25.30%
Equity Securities [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	7.90%	11.30%
Equity securities, Target	7.30%
Fixed Income Funds [Member] | United States
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	69.90%	53%
Equity securities, Target	69.20%
Fixed Income Funds [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	86.40%	83%
Equity securities, Target	86.80%
Other Plan Asset Categories [Member] | United States
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	8%	12.70%
Equity securities, Target	5.50%
Other Plan Asset Categories [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity securities, Actual	5.70%	5.70%
Equity securities, Target	5.90%

Employee Benefit And Retireme_9

Employee Benefit And Retirement Plans (Fair Value Of Pension Plan Assets) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 0	$ 0	$ 0
United States
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	670.7	630.7	657.7
United States | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	4.4	138.3
United States | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	592.6	399.7
United States | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	597	538
United States | Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	4.4	14.2
United States | Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	4.4	14.2
United States | U.S. Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		35.5
United States | U.S. Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	81.2	73
United States | U.S. Equity Securities [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	81.2	108.5
United States | International Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	50.3	87.5
United States | International Equity Securities [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	50.3	87.5
United States | U.S./Government/Corporate Bonds [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		88.6
United States | U.S./Government/Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	417	186.6
United States | U.S./Government/Corporate Bonds [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	417	275.2
United States | High Yield Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	42.9	49.5
United States | High Yield Bonds [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	42.9	49.5
United States | Insurance Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1.2	1.1
United States | Insurance Contracts [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	1.2	1.1
United States | Real Estate Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		1.6
United States | Real Estate Funds [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		1.6
United States | Other Nonrenewable Natural Resources [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		0.4
United States | Other Nonrenewable Natural Resources [Member] | Fair Value, Inputs, Level 1, 2 and 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		0.4
United States | Hedge Fund Of Funds [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	29.6	49.3
United States | Private Equity Funds [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	16.8	8.2
United States | Private Placement [Member] | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	8
United States | Employee Benefit Plan, Real Estate | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	19.3	14.8
United States | Private Debt Funds | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets		20.4
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	272.4	267	$ 275.1
Foreign Plan [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	6.4	10.6
Foreign Plan [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	266	256.4
Foreign Plan [Member] | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	6.4	10.6
Foreign Plan [Member] | Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	6.4	10.6
Foreign Plan [Member] | International Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	21.6	30.2
Foreign Plan [Member] | International Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	21.6	30.2
Foreign Plan [Member] | U.S./Government/Corporate Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	220.7	207.7
Foreign Plan [Member] | U.S./Government/Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	220.7	207.7
Foreign Plan [Member] | Insurance Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	14.7	13.9
Foreign Plan [Member] | Insurance Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	14.7	13.9
Foreign Plan [Member] | Employee Benefit Plan, Real Estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	9	4.6
Foreign Plan [Member] | Employee Benefit Plan, Real Estate | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 9	$ 4.6

Employee Benefit And Retirem_10

Employee Benefit And Retirement Plans (Estimated Future Benefit Payments) (Details) $ in Millions	Nov. 30, 2024 USD ($)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
2025	$ 4.6
2026	4.5
2027	4.3
2028	4.2
2029	4
2030-2035	18.5
Retiree Medical [Member]
Defined Benefit Plan Disclosure [Line Items]
2025	3.2
2026	3.1
2027	3
2028	2.9
2029	2.8
2030-2035	13
Retiree Life Insurance [Member]
Defined Benefit Plan Disclosure [Line Items]
2025	1.4
2026	1.4
2027	1.3
2028	1.3
2029	1.2
2030-2035	5.5
United States
Defined Benefit Plan Disclosure [Line Items]
2025	49.7
2026	50.6
2027	51.4
2028	51.8
2029	52.4
2030-2035	257.6
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2025	12.5
2026	11.8
2027	13.1
2028	12.4
2029	13.6
2030-2035	$ 71

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Nov. 30, 2024 USD ($) award_type $ / shares shares	Nov. 30, 2023 USD ($) $ / shares shares	Nov. 30, 2022 USD ($) $ / shares shares	Nov. 30, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock-based Compensation Award Types | award_type	4
Total stock-based compensation expense | $	$ 47.4	$ 63.4	$ 60.3
Unrecognized stock-based compensation expense | $	$ 25.5
Weighted average period for unrecognized stock-based compensation to be recognized	1 year 3 months 18 days
Common Stock, Capital Shares Reserved for Future Issuance	3,000,000
Intrinsic value for exercisable options | $	$ 55.6
Total intrinsic value for all options exercised | $	$ 10.7	$ 11.3	$ 41
Dividend yield	2.30%	1.90%	1.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	22.80%	21.80%	21.20%
Expected lives	7 years 1 month 6 days	7 years 3 months 18 days	7 years 7 months 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $	$ 60.6
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares	282,000	264,000	208,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	214,000	225,000	251,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable period	10 years
Weighted-average grant-date fair value of an option granted (usd per share) | $ / shares	$ 17.63	$ 19.35	$ 22.08
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Long-term Performance Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares	192,000	167,000	152,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	181,000	176,000	251,000
Price Vested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable period	10 years
Weighted-average grant-date fair value of an option granted (usd per share) | $ / shares	$ 93.49
Granted, Shares				2,482,000
Risk free interest rate, maximum	0.85%
Dividend yield	1.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	21.20%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period	3 years
Price Vested Stock Options [Member] | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of an option granted (usd per share) | $ / shares	$ 11.88
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	60%
Price Vested Stock Options [Member] | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of an option granted (usd per share) | $ / shares	$ 9.26
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	80%
Price Vested Stock Options [Member] | Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of an option granted (usd per share) | $ / shares	$ 7.05
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	100%
Price Vested Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected lives	5 years 7 months 6 days
Price Vested Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected lives	6 years 2 months 12 days

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of RSU Activity) (Details) - $ / shares shares in Thousands	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year, Shares	494	480	563
Granted, Shares	282	264	208
Vested, Shares	(214)	(225)	(251)
Forfeited, Shares	(29)	(25)	(40)
Outstanding at end of year, Shares	533	494	480
Outstanding at beginning of year, Weighted-average price (usd per share)	$ 76.94	$ 77.62	$ 69.52
Granted, Weighted-average price (usd per share)	72.77	77.53	94.21
Vested, Weighted-average price (usd per share)	79.13	78.16	71.86
Forfeited, Weighted-average price (usd per share)	79.73	85.21	85.42
Outstanding at end of year, Weighted-average price (usd per share)	$ 73.68	$ 76.94	$ 77.62
Long-term Performance Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year, Shares	474	451	497
Granted, Shares	192	167	152
Vested, Shares	(181)	(176)	(251)
Forfeited, Shares	(19)	(29)	(6)
Outstanding at end of year, Shares	539	474	451
Outstanding at beginning of year, Weighted-average price (usd per share)	$ 94.34	$ 106.32	$ 83.74
Granted, Weighted-average price (usd per share)	66.49	89	95
Vested, Weighted-average price (usd per share)	$ 98.30	$ 86.14	$ 75.26
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Other	73	61	59
Share-based Compensation Arrangements by Share-based Payment Award, Options, Other Share Increase (Decrease) in Period, Weighted Average Exercise Price	$ 95	$ 98.30	$ 86.14
Forfeited, Weighted-average price (usd per share)	84.71	92.31	95.37
Outstanding at end of year, Weighted-average price (usd per share)	$ 83.45	$ 94.34	$ 106.32

Stock-Based Compensation (Assum

Stock-Based Compensation (Assumptions Of Stock Compensation Plans) (Details)	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Share-Based Payment Arrangement [Abstract]
Dividend yield	2.30%	1.90%	1.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	22.80%	21.80%	21.20%
Expected lives	7 years 1 month 6 days	7 years 3 months 18 days	7 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate, minimum	4.10%	3.50%	0.20%
Risk free interest rate, maximum	5.50%	4.90%	2.50%
Dividend yield	2.30%	1.90%	1.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	22.80%	21.80%	21.20%
Expected lives	7 years 1 month 6 days	7 years 3 months 18 days	7 years 7 months 6 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable period	10 years

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary Of Stock Option Activity) (Details) - $ / shares shares in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 84	$ 87.11	$ 88.40
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period	(0.1)	(0.1)	(0.1)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at Beginning of year, Shares	5.3	4.8	5
Granted, Shares	1.2	0.9	0.7
Exercised, Shares	(0.3)	(0.3)	(0.8)
Outstanding at End of year, Shares	6.1	5.3	4.8
Exercisable at end of year, Number of Shares	4.4	4	3.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of year, Weighted-average exercise price (usd per share)	$ 70.43	$ 67.08	$ 59.71
Granted, Weighted-average exercise price (usd per share)	72.88	81.79	97.26
Exercised, Weighted-average exercise price (usd per share)	45.69	47.86	47.58
Outstanding at end of year, Weighted-average exercise price (usd per share)	72.25	70.43	67.08
Exercisable at end of year, Weighted-average exercise price (usd per share)	$ 69.91	$ 64.74	$ 58.03

Stock-Based Compensation (Sum_3

Stock-Based Compensation (Summary Of Our Stock Options Outstanding And Exercisable) (Details) shares in Millions	12 Months Ended
	Nov. 30, 2024 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, Shares | shares	6.1
Options outstanding, Weighted-average remaining life (yrs)	5 years 10 months 24 days
Options outstanding, Weighted-average exercise price (usd per share)	$ 72.25
Options exercisable, Shares | shares	4.4
Options exercisable, Weighted-average remaining life (yrs)	4 years 9 months 18 days
Options exercisable, Weighted-average exercise price (usd per share)	$ 69.91
Range one
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise price, lower limit	38
Range of exercise price, upper limit	$ 58
Options outstanding, Shares | shares	1.7
Options outstanding, Weighted-average remaining life (yrs)	2 years 2 months 12 days
Options outstanding, Weighted-average exercise price (usd per share)	$ 49.95
Options exercisable, Shares | shares	1.7
Options exercisable, Weighted-average remaining life (yrs)	2 years 2 months 12 days
Options exercisable, Weighted-average exercise price (usd per share)	$ 49.95
Range two
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise price, lower limit	58.01
Range of exercise price, upper limit	$ 78
Options outstanding, Shares | shares	2.2
Options outstanding, Weighted-average remaining life (yrs)	7 years 3 months 18 days
Options outstanding, Weighted-average exercise price (usd per share)	$ 72.19
Options exercisable, Shares | shares	1.1
Options exercisable, Weighted-average remaining life (yrs)	5 years 4 months 24 days
Options exercisable, Weighted-average exercise price (usd per share)	$ 70.79
Range three
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise price, lower limit	78.01
Range of exercise price, upper limit	$ 98
Options outstanding, Shares | shares	2.2
Options outstanding, Weighted-average remaining life (yrs)	7 years 4 months 24 days
Options outstanding, Weighted-average exercise price (usd per share)	$ 88.78
Options exercisable, Shares | shares	1.6
Options exercisable, Weighted-average remaining life (yrs)	7 years 1 month 6 days
Options exercisable, Weighted-average exercise price (usd per share)	$ 89.93

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Price Vested Stock Options [Member] - $ / shares	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2020	Nov. 30, 2021
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	2,055,000	2,055,000	2,107,000		2,193,000
Granted, Shares				2,482,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0	(52,000)	(86,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 9.40	$ 9.40	$ 9.40		$ 9.40
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 0	$ 9.40	$ 9.40

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2021
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Current, Federal	$ 103	$ 82.4	$ 62.8
Non-U.S. subsidiaries tax loss carryforwards	178.1
Tax loss carryforwards expiring through 2025	3.8
Tax loss carryforwards expiring from 2026 through 2027	13
Tax Loss Carryforwards expiring from 2028 Through 2041	45.5
Net decrease in the valuation allowance	7.6
Unrecognized tax benefits	17.8	24	25.1	$ 26.8
Statute expirations	10.5	1.3	5
Interest and penalty (income) / expense	(0.9)	(0.5)	0.2
Interest and penalties accrued	2.9	3.8
Tax benefits that would impact effective tax rate	17.8	24	25.1
Deferred, Federal	15.2	$ 2.2	$ (37.1)
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	115.8
Undistributed Earnings of Foreign Subsidiaries	1,600
Tax Credit Carryforward, Amount	21.4
Expiration Year 2030
Income Tax Contingency [Line Items]
Tax Credit Carryforward, Amount	6.2
Expiration Year 2031-32
Income Tax Contingency [Line Items]
Tax Credit Carryforward, Amount	8.1
Expiration Year 2033-34
Income Tax Contingency [Line Items]
Tax Credit Carryforward, Amount	$ 7.1

Income Taxes (Provision For Inc

Income Taxes (Provision For Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Current, Federal	$ 103	$ 82.4	$ 62.8
Current, State	16.6	15.1	14.8
Current, International	94.7	82.4	69.2
Current Income Taxes, Total	214.3	179.9	146.8
Deferred, Federal	(15.2)	(2.2)	37.1
Deferred, State	(6.3)	2.7	(3.2)
Deferred, International	(8.8)	(5.9)	(12.1)
Deferred Income Taxes, Total	(30.3)	(5.4)	21.8
Total income taxes	$ 184	$ 174.5	$ 168.6

Income Taxes (Components Of Inc

Income Taxes (Components Of Income From Consolidated Operations Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
United States	$ 634.8	$ 569.6	$ 600.7
International	263.5	229.1	212.1
Income from consolidated operations before income taxes	$ 898.3	$ 798.7	$ 812.8

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of The U.S. Federal Statutory Rate With The Effective Tax Rate) (Details)	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
State income taxes, net of federal benefits	0.90%	1.90%	1.20%
International tax at different effective rates	0.60%	0.30%	(0.10%)
U.S. tax on remitted and unremitted earnings	1.80%	0.90%	0.60%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Percent	0%	0%	(1.10%)
Changes in prior year tax contingencies	(1.40%)	(0.80%)	(0.80%)
Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Percent	(2.30%)	0%	0%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	0.70%	(0.40%)	(0.60%)
Effective Income Tax Rate Reconciliation, Research Credits, Percent	(1.30%)	(1.50%)	(1.00%)
Other, net	0.50%	0.40%	1.50%
Total	20.50%	21.80%	20.70%

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Millions	Nov. 30, 2024	Nov. 30, 2023
Income Tax Disclosure [Abstract]
Deferred tax assets, Employee benefit liabilities	$ 48.9	$ 46.6
Deferred tax assets, Other accrued liabilities	36	38.8
Deferred tax assets, Inventory	18.3	18.9
Tax credit carryforwards	69	63.8
Deferred Tax Liabilities, Leasing Arrangements	10.6	13.6
Deferred Tax Asset, In-Process Research and Development	64	31.4
Deferred tax assets, Other	28	27.7
Deferred tax assets, Valuation allowance	(33.5)	(25.9)
Deferred tax assets, total	241.3	214.9
Deferred tax liabilities, Depreciation	96.8	99.5
Deferred tax liabilities, Intangible assets	849.5	866.8
Deferred Tax Liabilities, Leasing Arrangements	16.1	13.2
Deferred tax liabilities, Other	19.7	12.7
Deferred Tax Liabilities, Gross	982.1	992.2
Deferred tax liabilities, total	$ (740.8)	$ (777.3)

Income Taxes (Activity Related

Income Taxes (Activity Related To Our Gross Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ 24	$ 25.1	$ 26.8
Additions for current year tax positions	4.4	3.9	4.7
Additions for prior year tax positions	0	1.3	0.1
Reductions for prior year tax positions	0	(3.6)	(0.8)
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	0	1.3	0
Statute expirations	(10.5)	(1.3)	(5)
Foreign currency translation	(0.1)	(0.1)	(0.7)
Balance at end of year	$ 17.8	$ 24	$ 25.1

Capital Stock, Earnings Per S_3

Capital Stock, Earnings Per Share And Stock Issuance (Narrative) (Details) - $ / shares shares in Millions	12 Months Ended
	Nov. 30, 2024	Apr. 05, 2021
Class of Stock [Line Items]
Maximum percentage of votes a holder of shares of Common Stock may cast out of the votes entitled to be cast by all holders of shares of Common Stock	10%
Common stock, par value (usd per share)		$ 0.01
Common stock, shares authorized (in millions)		640
Minimum [Member]
Class of Stock [Line Items]
Minimum percentage a holder must acquire of each class of common stock not to be subject to our redemption rights	90%
Minimum percentage of votes a holder must control out of the votes entitled to be cast by all holders of shares of Common Stock to trigger the automatic conversion, on a share-for-share basis, of all shares of Common Stock Non-Voting into shares of Common Stock	50%

Capital Stock, Earnings Per S_4

Capital Stock, Earnings Per Share And Stock Issuance (Reconciliation Of Average Shares Outstanding) (Details) - shares shares in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Earnings Per Share [Abstract]
Average shares outstanding-basic	268.5	268.4	268.2
Stock options/RSUs	1.1	1.4	2
Average shares outstanding-diluted	269.6	269.8	270.2

Capital Stock, Earnings Per S_5

Capital Stock, Earnings Per Share And Stock Issuance (Schedule Of Antidilutive Securities) (Details) - shares shares in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Earnings Per Share [Abstract]
Antidilutive securities	3.4	2.2	0.9

Business Segments And Geograp_3

Business Segments And Geographic Areas (Narrative) (Details) - segment	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Segment Reporting Information [Line Items]
Number of Operating Segments	2
Flavor Solutions [Member] | PepsiCo, Inc. [Member] | Revenue Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of consolidated sales	13%	13%	11%
Consumer [Member] | Wal-Mart Stores, Inc. [Member] | Revenue Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of consolidated sales	12%	12%	12%

Business Segments And Geograp_4

Business Segments And Geographic Areas (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 6,723.7	$ 6,662.2	$ 6,350.5
Operating income excluding special charges	1,069.8	1,024.2	917.4
Income from unconsolidated operations	74.2	56.4	37.8
Assets	13,070.3	12,862.3	13,124.9
Capital expenditures	274.9	263.9	262
Depreciation and amortization	208.8	199.3	200.6
Special charges	9.5	61.2	51.6
Other transaction and integration expenses			2.2
Operating income	1,060.3	963	863.6
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	6,723.7	6,662.2	6,350.5
Operating income excluding special charges	1,069.8	1,024.2	917.4
Income from unconsolidated operations	74.2	56.4	37.8
Assets	12,359.4	12,233.1	12,332.9
Capital expenditures	234.1	234.9	220.1
Depreciation and amortization	161.4	155.4	153.4
Corporate And Reconciling Items [Member]
Segment Reporting Information [Line Items]
Assets	710.9	629.2	792
Capital expenditures	40.8	29	41.9
Depreciation and amortization	47.4	43.9	47.2
Consumer [Member]
Segment Reporting Information [Line Items]
Operating income excluding special charges	740.3	735.5	710.7
Special charges	3.4	35.8	23.9
Other transaction and integration expenses			0
Operating income	736.9	699.7	686.8
Consumer [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	3,848.5	3,807.3	3,757.9
Operating income excluding special charges	740.3	735.5	710.7
Income from unconsolidated operations	71.2	54.7	33.1
Flavor Solutions [Member]
Segment Reporting Information [Line Items]
Operating income excluding special charges	329.5	288.7	206.7
Special charges	6.1	25.4	27.7
Other transaction and integration expenses			2.2
Operating income	323.4	263.3	176.8
Flavor Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	2,875.2	2,854.9	2,592.6
Operating income excluding special charges	329.5	288.7	206.7
Income from unconsolidated operations	$ 3	$ 1.7	$ 4.7

Business Segments And Geograp_5

Business Segments And Geographic Areas (Net Sales And Long-Lived Assets Geographic Areas) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 6,723.7	$ 6,662.2	$ 6,350.5
Long-lived assets	9,959.4	9,941.5	9,798.8
EMEA [Member]
Segment Reporting Information [Line Items]
Revenues	1,239.3	1,212.8	1,116.4
Long-lived assets	1,117	1,138.6	1,051.7
Other Countries [Member]
Segment Reporting Information [Line Items]
Revenues	1,380.5	1,365.6	1,312.8
Long-lived assets	824.5	856.8	854.6
United States
Segment Reporting Information [Line Items]
Revenues	4,103.9	4,083.8	3,921.3
Long-lived assets	$ 8,017.9	$ 7,946.1	$ 7,892.5

Business Segments And Geograp_6

Business Segments And Geographic Areas (Revenue from External Customers by Products and Services) (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Segment Reporting Information [Line Items]
Total net sales	$ 6,723.7	$ 6,662.2	$ 6,350.5
Consumer Segment | Spices & seasoning
Segment Reporting Information [Line Items]
Total net sales	1,651	1,578.3	1,538.7
Consumer Segment | Recipe mixes
Segment Reporting Information [Line Items]
Total net sales	437.7	430.5	428
Consumer Segment | Condiments & sauces
Segment Reporting Information [Line Items]
Total net sales	936.6	921	858.2
Consumer Segment | Regional leaders
Segment Reporting Information [Line Items]
Total net sales	823.2	877.5	933
Flavor Solutions Segment | Flavors
Segment Reporting Information [Line Items]
Total net sales	1,618.6	1,585.7	1,420.6
Flavor Solutions Segment | Branded foodservice
Segment Reporting Information [Line Items]
Total net sales	615.1	598.4	552.9
Flavor Solutions Segment | Custom condiments
Segment Reporting Information [Line Items]
Total net sales	336.8	317.1	280.8
Flavor Solutions Segment | Coatings, bulk spices & herbs
Segment Reporting Information [Line Items]
Total net sales	$ 304.7	$ 353.7	$ 338.3

Supplemental Financial Statem_3

Supplemental Financial Statement Data (Supplemental Income Statement, Balance Sheet And Cash Flow Information) (Details) - USD ($) $ in Millions		12 Months Ended
	Aug. 03, 2022	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Condensed Financial Statements, Captions [Line Items]
Other income, net		$ 47.4	$ 43.9	$ 98.3
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component		8.4	10.7	9.6
Interest Income, Other		45.9	36.6	17.8
Other Income		(6.9)	(2.2)	2.6
Trade accounts receivable, allowances		4.7	5.9
Inventories
Finished products		618.3	570
Raw materials and work-in-process		621.6	556.5
Total inventories		1,239.9	1,126.5
Prepaid expenses		51.5	47.6
Other current assets		74.1	73.4
Total prepaid and other current asset		125.6	121
Property, Plant and Equipment, Net [Abstract]
Land and improvements		94.1	93.3
Buildings (including finance leases)		835.8	820.9
Machinery, equipment and other		1,571.2	1,440.3
Construction-in-progress		247.1	223.3
Accumulated depreciation		(1,335.2)	(1,253.1)
Property, plant and equipment, total		1,413	1,324.7
Other long-term assets
Investments in affiliates		152.2	149.1
Long-term investments		130.5	115
Operating Lease, Right-of-Use Asset		211	220
Software Accumulated Amortization		288.4	270.1
Capitalized Computer Software, Net		179.1	159.9
Non-current pension asset		122.4	127.1
Other Assets		176.7	148.1
Investments and other assets, total		971.9	919.2
Other accrued liabilities
Payroll and employee benefits		192.8	222.1
Sales allowances		206.4	195.3
Dividends Payable		120.7	112.6
Other		376.5	378.1
Other accrued liabilities		896.4	908.1
Other Long-term Debt [Abstract]
Pension		84.4	81.8
Postretirement benefits		40.5	42.1
Noncurrent operating lease liabilities		166.6	179.9
Unrecognized tax benefits		20.6	27.7
Other		124.5	147.3
Other long-term liabilities		436.6	478.8
Depreciation		143.3	135.3	136.3
Software amortization		21.9	19.1	18.9
Interest paid		210.1	203.6	148.8
Income taxes paid		221	118.3	192.4
Derivative, Gain (Loss) on Derivative, Net		0	0	18.7
Gain (Loss) on Disposition of Business		$ 0	$ (1.2)	$ 49.6
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]		Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax
Proceeds from sale of business		$ 0	$ 1	$ 95.2
Goodwill		5,227.5	5,260.1
Kitchen Basics
Other Long-term Debt [Abstract]
Derivative, Gain (Loss) on Derivative, Net		$ 0	$ 0	18.7
Gain (Loss) on Disposition of Business				$ 49.6
Proceeds from sale of business	$ 95.2
Disposition Of Business, Transaction Costs	3.8
Other Intangible Assets, Net	6.3
Goodwill	$ 21.5

Supplemental Financial Statem_4

Supplemental Financial Statement Data (Narrative) (Details) - $ / shares	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
Supplemental Financial Statement Data [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 1.71	$ 1.59	$ 1.50
Dividends paid per share (usd per share)	$ 1.68	$ 1.56	$ 1.48

Valuation And Qualifying Acco_2

Valuation And Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 31.8	$ 33.7	$ 37.9
Charged to Costs and Expenses	8.3	3	5.4
Charged to Other Accounts	(1.1)	(1.2)	(2.6)
Deductions	(0.8)	(3.7)	(7)
Balance at End of Period	38.2	31.8	33.7
Allowance For Doubtful Receivables [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	5.9	7.3	5.2
Charged to Costs and Expenses	0.3	(0.7)	2.2
Charged to Other Accounts	(1.2)	(1.2)	(0.9)
Deductions	(0.3)	0.5	0.8
Balance at End of Period	4.7	5.9	7.3
Valuation Allowance On Net Deferred Tax Assets [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	25.9	26.4	32.7
Charged to Costs and Expenses	8	3.7	3.2
Charged to Other Accounts	0.1	0	(1.7)
Deductions	(0.5)	(4.2)	(7.8)
Balance at End of Period	$ 33.5	$ 25.9	$ 26.4