McCormick & Company, Incorporated(NYSE:MKC) 
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as ...
Website: http://www.mccormickcorporation.com
Founded: 1889
Full Time Employees: 12,400
Sector: Consumer Defensive
Industry: Packaged Foods
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Quarterly
Annual
| Unit: USD | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-11-30 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-11-30 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-11-30 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-11-30 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-11-30 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 1,936,600,000 | 1,873,900,000 | 1,850,400,000 | 1,724,900,000 | 1,659,500,000 | 1,605,500,000 | 1,798,000,000 | 1,679,800,000 | 1,643,200,000 | 1,602,700,000 | 1,752,800,000 | 1,684,700,000 | 1,659,200,000 | 1,565,500,000 | 1,695,700,000 | 1,595,600,000 | 1,536,800,000 | 1,522,400,000 | 1,730,300,000 | 1,549,400,000 | 1,556,700,000 | 1,481,500,000 | 1,557,900,000 | 1,430,300,000 | 1,401,100,000 | 1,212,000,000 | 1,484,800,000 | 1,329,200,000 | 1,301,900,000 | 1,231,500,000 | 1,499,200,000 | 1,345,300,000 | 1,327,300,000 | 1,237,100,000 | 1,490,900,000 | 1,185,200,000 | 1,114,300,000 | 1,043,700,000 | 1,227,000,000 | 1,091,000,000 | 1,063,300,000 | 1,030,200,000 | 1,201,900,000 | 1,059,900,000 | 1,024,100,000 | 1,010,400,000 | 1,173,600,000 | 1,042,800,000 | 1,033,400,000 | 993,400,000 | 1,170,000,000 | 1,016,400,000 | 1,002,600,000 | 934,400,000 | 1,145,800,000 | 977,700,000 | 984,000,000 | 906,700,000 | 1,110,700,000 | 920,400,000 | 883,700,000 | 782,800,000 | 979,400,000 | 794,600,000 | 798,300,000 | 764,500,000 | |
yoy | 16.70% | 16.72% | 2.91% | 2.68% | 0.99% | 0.17% | 2.58% | -0.29% | -0.96% | 2.38% | 3.37% | 5.58% | 7.96% | 2.83% | -2.00% | 2.98% | -1.28% | 2.76% | 11.07% | 8.33% | 11.11% | 22.24% | 4.92% | 7.61% | 7.62% | -1.58% | -0.96% | -1.20% | -1.91% | -0.45% | 0.56% | 13.51% | 19.12% | 18.53% | 21.51% | 8.63% | 4.80% | 1.31% | 2.09% | 2.93% | 3.83% | 1.96% | 2.41% | 1.64% | -0.90% | 1.71% | 0.31% | 2.60% | 3.07% | 6.31% | 2.11% | 3.96% | 1.89% | 3.06% | 3.16% | 6.23% | 11.35% | 15.83% | 13.41% | 15.83% | 10.70% | 2.39% | |||||
qoq | 3.35% | 1.27% | 7.28% | 3.94% | 3.36% | -10.71% | 7.04% | 2.23% | 2.53% | -8.56% | 4.04% | 1.54% | 5.99% | -7.68% | 6.27% | 3.83% | 0.95% | -12.02% | 11.68% | -0.47% | 5.08% | -4.90% | 8.92% | 2.08% | 15.60% | -18.37% | 11.71% | 2.10% | 5.72% | -17.86% | 11.44% | 1.36% | 7.29% | -17.02% | 25.79% | 6.36% | 6.76% | -14.94% | 12.47% | 2.61% | 3.21% | -14.29% | 13.40% | 3.50% | 1.36% | -13.91% | 12.54% | 0.91% | 4.03% | -15.09% | 15.11% | 1.38% | 7.30% | -18.45% | 17.19% | -0.64% | 8.53% | -18.37% | 20.68% | 4.15% | 12.89% | -20.07% | 23.26% | -0.46% | 4.42% | ||
cost of goods sold | 1,158,400,000 | 1,165,000,000 | 1,130,100,000 | 1,079,800,000 | 1,036,700,000 | 1,001,500,000 | 1,075,800,000 | 1,029,900,000 | 1,023,600,000 | 1,003,400,000 | 1,051,500,000 | 1,061,900,000 | 1,043,700,000 | 1,002,600,000 | 1,071,300,000 | 1,028,900,000 | 1,013,800,000 | 962,000,000 | 1,027,400,000 | 949,800,000 | 942,100,000 | 904,000,000 | 897,200,000 | 840,000,000 | 821,600,000 | 742,100,000 | 854,800,000 | 789,300,000 | 793,400,000 | 764,600,000 | 817,700,000 | 750,400,000 | 752,100,000 | 717,100,000 | 822,700,000 | 700,800,000 | 669,700,000 | 630,700,000 | 687,000,000 | 637,100,000 | 630,500,000 | 625,200,000 | 680,200,000 | 638,000,000 | 620,100,000 | 620,700,000 | 667,500,000 | 622,700,000 | 620,900,000 | 601,900,000 | 667,800,000 | 608,800,000 | 608,200,000 | 572,700,000 | 663,400,000 | 586,000,000 | 595,600,000 | 551,400,000 | 631,600,000 | 555,900,000 | 533,000,000 | 454,600,000 | 533,400,000 | 459,800,000 | 471,600,000 | 454,300,000 | |
gross profit | 778,200,000 | 708,900,000 | 720,300,000 | 645,100,000 | 622,800,000 | 604,000,000 | 722,200,000 | 649,900,000 | 619,600,000 | 599,300,000 | 701,300,000 | 622,800,000 | 615,500,000 | 562,900,000 | 624,400,000 | 566,700,000 | 523,000,000 | 560,400,000 | 702,900,000 | 599,600,000 | 614,600,000 | 577,500,000 | 660,700,000 | 590,300,000 | 579,500,000 | 469,900,000 | 630,000,000 | 539,900,000 | 508,500,000 | 466,900,000 | 681,500,000 | 594,900,000 | 575,200,000 | 520,000,000 | 668,200,000 | 484,400,000 | 444,600,000 | 413,000,000 | 540,000,000 | 453,900,000 | 432,800,000 | 405,000,000 | 521,700,000 | 421,900,000 | 404,000,000 | 389,700,000 | 506,100,000 | 420,100,000 | 412,500,000 | 391,500,000 | 502,200,000 | 407,600,000 | 394,400,000 | 361,700,000 | 482,400,000 | 391,700,000 | 388,400,000 | 355,300,000 | 479,100,000 | 364,500,000 | 350,700,000 | 328,200,000 | 446,000,000 | 334,800,000 | 326,700,000 | 310,200,000 | |
yoy | 24.95% | 17.37% | -0.26% | -0.74% | 0.52% | 0.78% | 2.98% | 4.35% | 0.67% | 6.47% | 12.32% | 9.90% | 17.69% | 0.45% | -11.17% | -5.49% | -14.90% | -2.96% | 6.39% | 1.58% | 6.06% | 22.90% | 4.87% | 9.34% | 13.96% | 0.64% | -7.56% | -9.25% | -11.60% | -10.21% | 1.99% | 22.81% | 29.37% | 25.91% | 23.74% | 6.72% | 2.73% | 1.98% | 3.51% | 7.58% | 7.13% | 3.93% | 3.08% | 0.43% | -2.06% | -0.46% | 0.78% | 3.07% | 4.59% | 8.24% | 4.10% | 4.06% | 1.54% | 1.80% | 0.69% | 7.46% | 10.75% | 8.26% | 7.42% | 8.87% | 7.35% | 5.80% | |||||
qoq | 9.78% | -1.58% | 11.66% | 3.58% | 3.11% | -16.37% | 11.12% | 4.89% | 3.39% | -14.54% | 12.60% | 1.19% | 9.34% | -9.85% | 10.18% | 8.36% | -6.67% | -20.27% | 17.23% | -2.44% | 6.42% | -12.59% | 11.93% | 1.86% | 23.32% | -25.41% | 16.69% | 6.18% | 8.91% | -31.49% | 14.56% | 3.42% | 10.62% | -22.18% | 37.94% | 8.95% | 7.65% | -23.52% | 18.97% | 4.88% | 6.86% | -22.37% | 23.65% | 4.43% | 3.67% | -23.00% | 20.47% | 1.84% | 5.36% | -22.04% | 23.21% | 3.35% | 9.04% | -25.02% | 23.16% | 0.85% | 9.32% | -25.84% | 31.44% | 3.93% | 6.86% | -26.41% | 33.21% | 2.48% | 5.32% | ||
gross margin % | 40.18% | 37.83% | 38.93% | 37.40% | 37.53% | 37.62% | 40.17% | 38.69% | 37.71% | 37.39% | 40.01% | 36.97% | 37.10% | 35.96% | 36.82% | 35.52% | 34.03% | 36.81% | 40.62% | 38.70% | 39.48% | 38.98% | 42.41% | 41.27% | 41.36% | 38.77% | 42.43% | 40.62% | 39.06% | 37.91% | 45.46% | 44.22% | 43.34% | 42.03% | 44.82% | 40.87% | 39.90% | 39.57% | 44.01% | 41.60% | 40.70% | 39.31% | 43.41% | 39.81% | 39.45% | 38.57% | 43.12% | 40.29% | 39.92% | 39.41% | 42.92% | 40.10% | 39.34% | 38.71% | 42.10% | 40.06% | 39.47% | 39.19% | 43.13% | 39.60% | 39.69% | 41.93% | 45.54% | 42.13% | 40.92% | 40.58% | |
selling, general and administrative expense | 441,800,000 | 456,300,000 | 404,800,000 | 352,500,000 | 364,200,000 | 378,800,000 | 414,400,000 | 361,500,000 | 383,700,000 | 361,600,000 | 390,000,000 | 371,700,000 | 380,500,000 | 336,100,000 | 346,500,000 | 328,100,000 | 349,200,000 | 333,300,000 | 398,900,000 | 327,300,000 | 356,600,000 | 321,300,000 | 370,500,000 | 317,200,000 | 319,200,000 | 274,700,000 | 326,900,000 | 278,700,000 | 293,300,000 | 267,900,000 | 383,800,000 | 353,000,000 | 367,300,000 | 325,400,000 | 375,800,000 | 286,500,000 | 307,300,000 | 275,200,000 | 315,000,000 | 281,800,000 | 303,900,000 | 274,300,000 | 307,100,000 | 271,500,000 | 281,200,000 | 267,600,000 | 303,800,000 | 260,500,000 | 290,800,000 | 266,900,000 | 287,800,000 | 259,200,000 | 278,400,000 | 249,700,000 | 282,100,000 | 247,500,000 | 267,100,000 | 242,800,000 | 287,100,000 | 236,100,000 | 241,400,000 | 217,600,000 | 260,600,000 | 208,800,000 | 229,200,000 | 209,400,000 | |
special charges | 60,000,000 | 25,100,000 | 4,400,000 | 3,900,000 | 12,800,000 | 1,600,000 | 1,900,000 | 1,800,000 | 4,200,000 | 14,100,000 | 6,100,000 | 13,200,000 | 27,800,000 | 13,600,000 | 3,400,000 | 15,100,000 | 19,500,000 | 25,800,000 | 5,800,000 | 13,700,000 | 1,100,000 | 2,900,000 | 100,000 | 2,900,000 | 1,000,000 | 3,900,000 | 7,700,000 | 7,100,000 | 2,100,000 | 2,400,000 | 3,300,000 | 8,400,000 | 2,200,000 | 9,200,000 | 4,700,000 | 4,700,000 | 3,600,000 | 5,900,000 | 4,300,000 | 3,900,000 | 1,600,000 | 2,400,000 | 11,700,000 | 19,000,000 | 28,400,000 | 2,900,000 | 2,300,000 | ||||||||||||||||||||
operating income | 276,400,000 | 227,500,000 | 311,100,000 | 288,700,000 | 245,800,000 | 225,200,000 | 306,200,000 | 286,500,000 | 234,100,000 | 233,500,000 | 297,200,000 | 245,000,000 | 221,800,000 | 199,000,000 | 264,300,000 | 235,200,000 | 157,200,000 | 206,900,000 | 276,200,000 | 265,200,000 | 237,400,000 | 236,300,000 | 274,900,000 | 273,000,000 | 257,400,000 | 194,200,000 | 299,200,000 | 253,500,000 | 208,100,000 | 196,900,000 | 294,900,000 | 233,000,000 | 191,700,000 | 183,700,000 | 266,900,000 | 168,700,000 | 132,600,000 | 134,200,000 | 219,100,000 | 167,800,000 | 125,000,000 | 129,100,000 | 212,200,000 | 138,700,000 | 103,800,000 | 93,700,000 | 199,400,000 | 157,300,000 | 121,700,000 | 124,600,000 | 174,100,000 | 148,400,000 | 116,000,000 | 112,000,000 | 200,300,000 | 144,200,000 | 121,300,000 | 112,500,000 | 192,000,000 | 128,400,000 | 109,300,000 | 110,600,000 | 185,400,000 | 126,000,000 | 97,500,000 | 100,800,000 | |
yoy | 12.45% | 1.02% | 1.60% | 0.77% | 5.00% | -3.55% | 3.03% | 16.94% | 5.55% | 17.34% | 12.45% | 4.17% | 41.09% | -3.82% | -4.31% | -11.31% | -33.78% | -12.44% | 0.47% | -2.86% | -7.77% | 21.68% | -8.12% | 7.69% | 23.69% | -1.37% | 1.46% | 8.80% | 8.56% | 7.19% | 10.49% | 38.11% | 44.57% | 36.89% | 21.82% | 0.54% | 6.08% | 3.95% | 3.25% | 20.98% | 20.42% | 37.78% | 6.42% | -11.82% | -14.71% | -24.80% | 14.53% | 6.00% | 4.91% | 11.25% | -13.08% | 2.91% | -4.37% | -0.44% | 4.32% | 12.31% | 10.98% | 1.72% | 3.56% | 1.90% | 12.10% | 9.72% | |||||
qoq | 21.49% | -26.87% | 7.76% | 17.45% | 9.15% | -26.45% | 6.88% | 22.38% | 0.26% | -21.43% | 21.31% | 10.46% | 11.46% | -24.71% | 12.37% | 49.62% | -24.02% | -25.09% | 4.15% | 11.71% | 0.47% | -14.04% | 0.70% | 6.06% | 32.54% | -35.09% | 18.03% | 21.82% | 5.69% | -33.23% | 26.57% | 21.54% | 4.35% | -31.17% | 58.21% | 27.22% | -1.19% | -38.75% | 30.57% | 34.24% | -3.18% | -39.16% | 52.99% | 33.62% | 10.78% | -53.01% | 26.76% | 29.25% | -2.33% | -28.43% | 17.32% | 27.93% | 3.57% | -44.08% | 38.90% | 18.88% | 7.82% | -41.41% | 49.53% | 17.47% | -1.18% | -40.35% | 47.14% | 29.23% | -3.27% | ||
operating margin % | 14.27% | 12.14% | 16.81% | 16.74% | 14.81% | 14.03% | 17.03% | 17.06% | 14.25% | 14.57% | 16.96% | 14.54% | 13.37% | 12.71% | 15.59% | 14.74% | 10.23% | 13.59% | 15.96% | 17.12% | 15.25% | 15.95% | 17.65% | 19.09% | 18.37% | 16.02% | 20.15% | 19.07% | 15.98% | 15.99% | 19.67% | 17.32% | 14.44% | 14.85% | 17.90% | 14.23% | 11.90% | 12.86% | 17.86% | 15.38% | 11.76% | 12.53% | 17.66% | 13.09% | 10.14% | 9.27% | 16.99% | 15.08% | 11.78% | 12.54% | 14.88% | 14.60% | 11.57% | 11.99% | 17.48% | 14.75% | 12.33% | 12.41% | 17.29% | 13.95% | 12.37% | 14.13% | 18.93% | 15.86% | 12.21% | 13.19% | |
interest expense | 62,700,000 | 47,300,000 | 46,500,000 | 50,200,000 | 51,000,000 | 48,500,000 | 52,700,000 | 53,500,000 | 52,900,000 | 50,300,000 | 52,700,000 | 52,700,000 | 52,200,000 | 50,600,000 | 44,400,000 | 37,900,000 | 33,700,000 | 33,100,000 | 33,300,000 | 33,900,000 | 35,600,000 | 33,800,000 | 32,400,000 | 33,500,000 | 34,400,000 | 35,300,000 | 38,500,000 | 41,300,000 | 42,400,000 | 43,000,000 | 43,900,000 | 44,700,000 | 44,200,000 | 41,800,000 | 44,800,000 | 21,500,000 | 14,900,000 | 14,500,000 | 14,300,000 | 14,100,000 | 13,700,000 | 13,900,000 | 13,800,000 | 13,600,000 | 13,000,000 | 12,900,000 | 12,400,000 | 12,400,000 | 12,500,000 | 12,400,000 | 11,900,000 | 14,000,000 | 13,500,000 | 13,900,000 | 13,900,000 | 13,200,000 | 13,900,000 | 13,500,000 | 13,600,000 | 13,100,000 | 12,300,000 | 12,200,000 | 12,300,000 | 12,400,000 | 12,300,000 | 12,300,000 | |
other income | 6,500,000 | 4,800,000 | 9,400,000 | 9,400,000 | 9,800,000 | 9,800,000 | 10,700,000 | 13,200,000 | 12,400,000 | 11,100,000 | 13,200,000 | 7,100,000 | 12,500,000 | 11,100,000 | 8,400,000 | 77,400,000 | 6,300,000 | 6,200,000 | 5,300,000 | 3,500,000 | 3,900,000 | 4,600,000 | 5,100,000 | 3,900,000 | 3,100,000 | 5,500,000 | 7,400,000 | 6,900,000 | 6,300,000 | 6,100,000 | 7,900,000 | 1,700,000 | 1,500,000 | 1,500,000 | 1,000,000 | 1,200,000 | 1,200,000 | 100,000 | 2,200,000 | 200,000 | 700,000 | 500,000 | 200,000 | 600,000 | 300,000 | 300,000 | 300,000 | 200,000 | 500,000 | 300,000 | 800,000 | 600,000 | 600,000 | 900,000 | -100,000 | 900,000 | -200,000 | 1,100,000 | 900,000 | 500,000 | 1,200,000 | 500,000 | 600,000 | ||||
income from consolidated operations before income taxes | 220,200,000 | 185,000,000 | 274,000,000 | 247,900,000 | 204,600,000 | 186,500,000 | 264,200,000 | 246,200,000 | 193,600,000 | 194,300,000 | 257,700,000 | 199,400,000 | 182,100,000 | 159,500,000 | 228,300,000 | 274,700,000 | 129,800,000 | 180,000,000 | 248,200,000 | 234,800,000 | 205,700,000 | 207,100,000 | 247,600,000 | 243,400,000 | 226,100,000 | 164,400,000 | 268,100,000 | 219,100,000 | 172,000,000 | 160,000,000 | 258,900,000 | 190,000,000 | 149,000,000 | 143,400,000 | 223,100,000 | 133,000,000 | 118,900,000 | 119,800,000 | 207,000,000 | 153,900,000 | 112,000,000 | 116,300,000 | 198,900,000 | 125,300,000 | 91,400,000 | 80,600,000 | 187,300,000 | 145,200,000 | 109,500,000 | 112,400,000 | 162,700,000 | 134,700,000 | 103,300,000 | 98,700,000 | 187,000,000 | 131,900,000 | 107,300,000 | 99,900,000 | 178,200,000 | 116,400,000 | 97,900,000 | 98,900,000 | 174,300,000 | 114,100,000 | 85,200,000 | 89,100,000 | |
income tax expense | 63,500,000 | 48,700,000 | 65,600,000 | 39,300,000 | 49,300,000 | 41,600,000 | 67,200,000 | 41,000,000 | 26,200,000 | 49,600,000 | 57,100,000 | 42,700,000 | 40,300,000 | 34,400,000 | 53,200,000 | 59,300,000 | 21,700,000 | 34,400,000 | 57,200,000 | 31,500,000 | 45,400,000 | 58,600,000 | 57,500,000 | 46,900,000 | 40,400,000 | 30,100,000 | 66,400,000 | 36,800,000 | 32,100,000 | 22,100,000 | 55,800,000 | 24,900,000 | 33,100,000 | -271,100,000 | |||||||||||||||||||||||||||||||||
net income from consolidated operations | 156,700,000 | 136,300,000 | 208,400,000 | 208,600,000 | 155,300,000 | 144,900,000 | 197,000,000 | 205,200,000 | 167,400,000 | 144,700,000 | 200,600,000 | 156,700,000 | 141,800,000 | 125,100,000 | 175,100,000 | 215,400,000 | 108,100,000 | 145,600,000 | 191,000,000 | 203,300,000 | 160,300,000 | 148,500,000 | 190,100,000 | 196,500,000 | 185,700,000 | 134,300,000 | 201,700,000 | 182,300,000 | 139,900,000 | 137,900,000 | 203,100,000 | 165,100,000 | 115,900,000 | 414,500,000 | 165,400,000 | 100,000,000 | 91,600,000 | 86,500,000 | 145,500,000 | 119,600,000 | 86,100,000 | 85,000,000 | 139,500,000 | 87,900,000 | 76,900,000 | 60,600,000 | 138,700,000 | 114,100,000 | 78,300,000 | 77,400,000 | 123,100,000 | 99,400,000 | 72,700,000 | 70,600,000 | 141,000,000 | 98,900,000 | 76,500,000 | 69,900,000 | 127,300,000 | 85,200,000 | 67,500,000 | 68,900,000 | 127,700,000 | 95,800,000 | 59,500,000 | 61,600,000 | |
income from unconsolidated operations | 3,500,000 | 886,000,000 | 18,200,000 | 16,900,000 | 19,700,000 | 17,400,000 | 18,200,000 | 17,900,000 | 16,800,000 | 21,300,000 | 18,700,000 | 13,400,000 | 10,300,000 | 14,000,000 | 10,600,000 | 7,500,000 | 10,400,000 | 9,300,000 | 6,400,000 | 9,100,000 | 23,400,000 | 13,300,000 | 10,600,000 | 9,600,000 | 10,200,000 | 10,400,000 | 11,700,000 | 9,600,000 | 9,500,000 | 10,100,000 | 10,900,000 | 8,400,000 | 7,400,000 | 8,100,000 | 10,300,000 | 8,200,000 | 8,400,000 | 7,000,000 | 11,900,000 | 8,100,000 | 7,700,000 | 8,400,000 | 9,700,000 | 9,700,000 | 7,400,000 | 9,900,000 | 9,300,000 | 8,800,000 | 6,200,000 | 5,100,000 | 6,900,000 | 5,000,000 | 5,900,000 | 5,400,000 | 7,500,000 | 5,500,000 | 3,900,000 | 4,600,000 | 4,500,000 | 6,800,000 | 6,100,000 | 7,900,000 | 6,000,000 | 6,600,000 | 6,700,000 | 6,300,000 | |
net income | 160,200,000 | 1,022,300,000 | 226,600,000 | 225,500,000 | 175,000,000 | 162,300,000 | 215,200,000 | 223,100,000 | 184,200,000 | 166,000,000 | 219,300,000 | 170,100,000 | 152,100,000 | 139,100,000 | 185,700,000 | 222,900,000 | 118,500,000 | 154,900,000 | 197,400,000 | 212,400,000 | 183,700,000 | 161,800,000 | 200,700,000 | 206,100,000 | 195,900,000 | 144,700,000 | 213,400,000 | 191,900,000 | 149,400,000 | 148,000,000 | 214,000,000 | 173,500,000 | 123,300,000 | 422,600,000 | 175,700,000 | 108,200,000 | 100,000,000 | 93,500,000 | 157,400,000 | 127,700,000 | 93,800,000 | 93,400,000 | 149,200,000 | 97,600,000 | 84,300,000 | 70,500,000 | 148,000,000 | 122,900,000 | 84,500,000 | 82,500,000 | 130,000,000 | 104,400,000 | 78,600,000 | 76,000,000 | 148,500,000 | 104,400,000 | 80,400,000 | 74,500,000 | 131,800,000 | 92,000,000 | 73,600,000 | 76,800,000 | 133,700,000 | 102,400,000 | 66,200,000 | 67,900,000 | |
yoy | -8.46% | 529.88% | 5.30% | 1.08% | -4.99% | -2.23% | -1.87% | 31.16% | 21.10% | 19.34% | 18.09% | -23.69% | 28.35% | -10.20% | -5.93% | 4.94% | -35.49% | -4.26% | -1.64% | 3.06% | -6.23% | 11.82% | -5.95% | 7.40% | 31.12% | -2.23% | -0.28% | 10.61% | 21.17% | -64.98% | 21.80% | 60.35% | 23.30% | 351.98% | 11.63% | -15.27% | 6.61% | 0.11% | 5.50% | 30.84% | 11.27% | 32.48% | 0.81% | -20.59% | -0.24% | -14.55% | 13.85% | 17.72% | 7.51% | 8.55% | -12.46% | 0.00% | -2.24% | 2.01% | 12.67% | 13.48% | 9.24% | -2.99% | -1.42% | -10.16% | 11.18% | 13.11% | |||||
qoq | -84.33% | 351.15% | 0.49% | 28.86% | 7.83% | -24.58% | -3.54% | 21.12% | 10.96% | -24.30% | 28.92% | 11.83% | 9.35% | -25.09% | -16.69% | 88.10% | -23.50% | -21.53% | -7.06% | 15.62% | 13.54% | -19.38% | -2.62% | 5.21% | 35.38% | -32.19% | 11.20% | 28.45% | 0.95% | -30.84% | 23.34% | 40.71% | -70.82% | 140.52% | 62.38% | 8.20% | 6.95% | -40.60% | 23.26% | 36.14% | 0.43% | -37.40% | 52.87% | 15.78% | 19.57% | -52.36% | 20.42% | 45.44% | 2.42% | -36.54% | 24.52% | 32.82% | 3.42% | -48.82% | 42.24% | 29.85% | 7.92% | -43.47% | 43.26% | 25.00% | -4.17% | -42.56% | 30.57% | 54.68% | -2.50% | ||
net income margin % | 8.27% | 54.55% | 12.25% | 13.07% | 10.55% | 10.11% | 11.97% | 13.28% | 11.21% | 10.36% | 12.51% | 10.10% | 9.17% | 8.89% | 10.95% | 13.97% | 7.71% | 10.17% | 11.41% | 13.71% | 11.80% | 10.92% | 12.88% | 14.41% | 13.98% | 11.94% | 14.37% | 14.44% | 11.48% | 12.02% | 14.27% | 12.90% | 9.29% | 34.16% | 11.78% | 9.13% | 8.97% | 8.96% | 12.83% | 11.70% | 8.82% | 9.07% | 12.41% | 9.21% | 8.23% | 6.98% | 12.61% | 11.79% | 8.18% | 8.30% | 11.11% | 10.27% | 7.84% | 8.13% | 12.96% | 10.68% | 8.17% | 8.22% | 11.87% | 10.00% | 8.33% | 9.81% | 13.65% | 12.89% | 8.29% | 8.88% | |
net income attributable to noncontrolling interests | 10,100,000 | 6,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to mccormick & company | 150,100,000 | 1,016,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share – basic | 0.56 | 3.78 | 0.525 | 0.84 | 0.65 | 0.6 | 0.533 | 0.83 | 0.69 | 0.62 | 0.43 | 0.63 | 0.57 | 0.52 | 0.463 | 0.83 | 0.44 | 0.58 | 0.523 | 0.79 | 0.69 | 0.61 | 1.028 | 1.55 | 1.47 | 1.09 | 0.923 | 1.45 | 1.13 | 1.12 | 1.368 | 1.32 | 0.94 | 3.22 | 0.6 | 0.86 | 0.8 | 0.75 | 0.62 | 1.01 | 0.74 | 0.73 | 0.493 | 0.76 | 0.66 | 0.55 | 0.555 | 0.95 | 0.65 | 0.63 | 0.49 | 0.79 | 0.6 | 0.57 | |||||||||||||
earnings per share – diluted | 0.56 | 3.77 | 0.523 | 0.84 | 0.65 | 0.6 | 0.533 | 0.83 | 0.68 | 0.62 | 0.428 | 0.63 | 0.56 | 0.52 | 0.458 | 0.82 | 0.44 | 0.57 | 0.518 | 0.79 | 0.68 | 0.6 | 1.015 | 1.53 | 1.46 | 1.08 | 0.913 | 1.43 | 1.12 | 1.11 | 1.353 | 1.3 | 0.93 | 3.18 | 0.593 | 0.85 | 0.79 | 0.74 | 0.615 | 1 | 0.73 | 0.73 | 0.488 | 0.76 | 0.65 | 0.55 | 0.553 | 0.94 | 0.64 | 0.62 | 0.485 | 0.78 | 0.59 | 0.57 | |||||||||||||
average shares outstanding – basic | 269.2 | 268.8 | 67.125 | 268.6 | 268.6 | 268.3 | 67.125 | 268.6 | 268.6 | 268.4 | 67.1 | 268.4 | 268.4 | 268.2 | 67.025 | 268.3 | 268.3 | 267.8 | 66.8 | 267.4 | 267.3 | 267.1 | 33.275 | 133.3 | 133.1 | 133 | 33.125 | 132.8 | 132.3 | 132.2 | 32.85 | 131.6 | 131.4 | 131.2 | 31.375 | 126.3 | 124.7 | 125.1 | 31.7 | 126.4 | 126.9 | 127.1 | 32.025 | 128 | 127.9 | 128.2 | 32.575 | 129.6 | 130.2 | 131.1 | 33.05 | 132.1 | 132.1 | 132.5 | 33,200,000 | 132,700,000 | 132,600,000 | 133,100,000 | 33,175,000 | 132,600,000 | 132,400,000 | 132,900,000 | 33,225,000 | 133,300,000 | 133,100,000 | 132,300,000 | |
average shares outstanding – diluted | 269.2 | 269.4 | 67.35 | 269.3 | 269.4 | 269.5 | 67.4 | 269.7 | 269.7 | 269.6 | 67.45 | 270.1 | 269.8 | 269.8 | 67.6 | 270.2 | 270.5 | 270.5 | 67.5 | 270 | 270 | 269.9 | 33.625 | 134.8 | 134.3 | 134.3 | 33.5 | 134.2 | 133.9 | 133.8 | 33.25 | 133.2 | 132.9 | 132.9 | 31.8 | 127.8 | 126.4 | 126.9 | 32.05 | 127.9 | 128.3 | 128.3 | 32.3 | 129.2 | 129 | 129.3 | 32.825 | 130.6 | 131.2 | 132.2 | 33.425 | 133.5 | 133.6 | 134 | 33,575,000 | 134,300,000 | 134,100,000 | 134,500,000 | 33,575,000 | 134,100,000 | 134,100,000 | 134,600,000 | 33,600,000 | 134,900,000 | 134,800,000 | 134,000,000 | |
cash dividends paid per share – voting and non-voting | 0.48 | 0.48 | 0.338 | 0.45 | 0.45 | 0.45 | 0.315 | 0.42 | 0.42 | 0.42 | 0.293 | 0.39 | 0.39 | 0.39 | 0.278 | 0.37 | 0.37 | 0.37 | 0.255 | 0.34 | 0.34 | 0.34 | 0.465 | 0.62 | 0.62 | ||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share – voting and non-voting | 0.225 | 0.45 | 0.45 | 0.21 | 0.42 | 0.42 | 0.195 | 0.39 | 0.39 | 0.185 | 0.37 | 0.37 | 0.17 | 0.34 | 0.34 | 0.31 | 0.62 | 0.62 | |||||||||||||||||||||||||||||||||||||||||||||||||
transaction and integration expenses | 1,500,000 | 700,000 | 2,000,000 | 1,300,000 | 6,900,000 | 18,800,000 | 400,000 | 5,600,000 | 7,800,000 | 8,700,000 | 16,300,000 | 24,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid per share – voting | 0.62 | 0.428 | 0.57 | 0.57 | 0.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid per share – non-voting | 0.62 | 0.428 | 0.57 | 0.57 | 0.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share – voting | 0.285 | 0.57 | 0.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share – non-voting | 0.285 | 0.57 | 0.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other debt costs | 15,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid per share | 0.39 | 0.52 | 0.52 | 0.52 | 0.353 | 0.47 | 0.47 | 0.47 | 0.323 | 0.43 | 0.43 | 0.43 | 0.3 | 0.4 | 0.4 | 0.4 | 0.278 | 0.37 | 0.37 | 0.37 | 0.255 | 0.34 | 0.34 | 0.34 | |||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share | 0.26 | 0.52 | 0.52 | 0.235 | 0.47 | 0.47 | 0.215 | 0.43 | 0.43 | 0.2 | 0.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 57,700,000 | 33,000,000 | 27,300,000 | 33,300,000 | 61,500,000 | 34,300,000 | 25,900,000 | 31,300,000 | 59,400,000 | 37,400,000 | 14,500,000 | 20,000,000 | 48,600,000 | 31,100,000 | 31,200,000 | 35,000,000 | 39,600,000 | 35,300,000 | 30,600,000 | 28,100,000 | 46,000,000 | 33,000,000 | 30,800,000 | 30,000,000 | 50,900,000 | 31,200,000 | 30,400,000 | 30,000,000 | 46,600,000 | 18,300,000 | 25,700,000 | 27,500,000 | |||||||||||||||||||||||||||||||||||
other expense | -1,100,000 | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – basic | 487,500 | 790,000 | 610,000 | 560,000 | 457,500 | 690,000 | 560,000 | 580,000 | 445,000 | 770,000 | 500,000 | 510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – diluted | 482,500 | 780,000 | 600,000 | 550,000 | 452,500 | 690,000 | 550,000 | 570,000 | 440,000 | 760,000 | 490,000 | 510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid per common share | 232,500 | 310,000 | 310,000 | 310,000 | 210,000 | 280,000 | 280,000 | 280,000 | 195,000 | 260,000 | 260,000 | 260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-11-30 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-11-30 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-11-30 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-11-30 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-11-30 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 331,200,000 | 177,700,000 | 95,900,000 | 94,900,000 | 124,100,000 | 102,800,000 | 186,100,000 | 200,800,000 | 166,300,000 | 178,000,000 | 166,600,000 | 154,700,000 | 127,400,000 | 356,800,000 | 334,000,000 | 343,900,000 | 325,800,000 | 338,400,000 | 351,700,000 | 312,600,000 | 291,800,000 | 256,100,000 | 423,600,000 | 221,000,000 | 185,000,000 | 170,800,000 | 155,400,000 | 162,900,000 | 139,400,000 | 102,300,000 | 96,600,000 | 73,000,000 | 202,600,000 | 179,600,000 | 186,800,000 | 166,100,000 | 130,000,000 | 125,700,000 | 118,400,000 | 134,200,000 | 131,500,000 | 111,800,000 | 112,600,000 | 108,400,000 | 89,500,000 | 81,800,000 | 77,300,000 | 93,800,000 | 81,400,000 | 89,400,000 | 63,000,000 | 146,800,000 | 72,100,000 | 68,600,000 | 79,000,000 | 72,200,000 | 61,400,000 | 54,400,000 | 53,900,000 | 52,200,000 | 47,900,000 | 40,600,000 | 50,800,000 | 23,600,000 | 23,100,000 | 21,900,000 | 39,500,000 |
trade accounts receivable, net of allowances | 709,400,000 | 829,200,000 | 628,900,000 | 668,700,000 | 584,500,000 | 516,900,000 | 587,400,000 | 660,900,000 | 598,500,000 | 567,500,000 | 587,500,000 | 624,500,000 | 557,200,000 | 571,000,000 | 573,700,000 | 565,800,000 | 493,100,000 | 516,700,000 | 549,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 1,272,000,000 | 1,239,900,000 | 1,126,500,000 | 1,340,100,000 | 1,182,300,000 | 1,032,600,000 | 801,200,000 | 786,300,000 | 793,300,000 | 756,300,000 | 710,800,000 | 713,800,000 | 676,900,000 | 615,000,000 | 613,700,000 | 477,600,000 | 445,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
finished products | 694,700,000 | 665,400,000 | 657,200,000 | 613,000,000 | 607,900,000 | 645,000,000 | 618,400,000 | 574,300,000 | 614,600,000 | 627,200,000 | 650,200,000 | 668,800,000 | 630,900,000 | 571,500,000 | 606,900,000 | 584,700,000 | 544,400,000 | 437,500,000 | 381,900,000 | 449,500,000 | 442,500,000 | 413,000,000 | 415,900,000 | 422,600,000 | 399,100,000 | 409,000,000 | 431,300,000 | 362,500,000 | 351,400,000 | 366,000,000 | 343,800,000 | 320,000,000 | 333,300,000 | 323,800,000 | 297,600,000 | 327,000,000 | 313,400,000 | 309,000,000 | 328,800,000 | 293,200,000 | 299,900,000 | 311,700,000 | 279,200,000 | 279,400,000 | 284,400,000 | 274,000,000 | 272,800,000 | 259,100,000 | 238,500,000 | 233,700,000 | |||||||||||||||||
raw materials and work-in-process | 713,900,000 | 701,100,000 | 666,400,000 | 694,500,000 | 637,700,000 | 597,600,000 | 539,800,000 | 555,300,000 | 610,900,000 | 649,000,000 | 694,400,000 | 710,700,000 | 713,700,000 | 672,700,000 | 595,500,000 | 563,100,000 | 529,000,000 | 504,600,000 | 449,400,000 | 386,100,000 | 404,400,000 | 403,500,000 | 391,400,000 | 383,700,000 | 398,500,000 | 418,700,000 | 404,500,000 | 417,300,000 | 415,800,000 | 394,300,000 | 395,800,000 | 382,200,000 | 393,900,000 | 414,700,000 | 410,800,000 | 378,600,000 | 373,900,000 | 373,900,000 | 312,000,000 | 318,200,000 | 306,600,000 | 316,900,000 | 331,800,000 | 361,000,000 | 315,900,000 | 303,300,000 | 272,100,000 | 221,000,000 | 210,300,000 | 201,100,000 | |||||||||||||||||
prepaid expenses and other current assets | 339,600,000 | 235,900,000 | 141,300,000 | 136,800,000 | 150,200,000 | 147,400,000 | 125,600,000 | 140,000,000 | 146,400,000 | 145,100,000 | 121,000,000 | 122,800,000 | 143,200,000 | 138,900,000 | 138,900,000 | 123,600,000 | 161,200,000 | 139,700,000 | 112,300,000 | 104,900,000 | 112,600,000 | 109,300,000 | 98,900,000 | 100,000,000 | 105,100,000 | 108,100,000 | 90,700,000 | 85,000,000 | 88,200,000 | 82,700,000 | 78,900,000 | 83,200,000 | 90,100,000 | 96,700,000 | 81,800,000 | 84,500,000 | 86,400,000 | 87,800,000 | 81,900,000 | 128,200,000 | 131,500,000 | 121,000,000 | 127,900,000 | 116,000,000 | 140,300,000 | 130,400,000 | 131,500,000 | 132,600,000 | 138,900,000 | 139,800,000 | 134,800,000 | 120,900,000 | 134,100,000 | 132,500,000 | 125,500,000 | 107,400,000 | 116,800,000 | 116,900,000 | 128,300,000 | 119,100,000 | 111,800,000 | 103,300,000 | 100,800,000 | 132,200,000 | 125,100,000 | 119,800,000 | 119,800,000 |
total current assets | 2,788,800,000 | 2,609,300,000 | 2,138,100,000 | 2,224,000,000 | 2,166,300,000 | 2,012,700,000 | 2,139,000,000 | 2,244,300,000 | 2,069,400,000 | 2,020,200,000 | 2,001,600,000 | 2,127,500,000 | 2,104,000,000 | 2,411,300,000 | 2,386,700,000 | 2,412,800,000 | 2,324,700,000 | 2,239,000,000 | 2,195,800,000 | 2,160,900,000 | 2,052,600,000 | 1,954,700,000 | 2,083,600,000 | 1,759,600,000 | 1,615,700,000 | 1,524,400,000 | 1,550,200,000 | 1,589,400,000 | 1,473,100,000 | 1,428,000,000 | 1,479,900,000 | 1,474,200,000 | 1,564,200,000 | 1,606,000,000 | 1,617,000,000 | 1,642,600,000 | 1,425,900,000 | 1,385,100,000 | 1,421,800,000 | 1,468,000,000 | 1,402,200,000 | 1,306,200,000 | 1,406,500,000 | 1,374,500,000 | 1,358,900,000 | 1,304,700,000 | 1,416,200,000 | 1,408,800,000 | 1,324,700,000 | 1,340,100,000 | 1,370,200,000 | 1,370,900,000 | 1,217,500,000 | 1,211,500,000 | 1,285,400,000 | 1,219,400,000 | 1,167,200,000 | 1,192,800,000 | 1,222,900,000 | 1,163,300,000 | 1,079,600,000 | 1,015,600,000 | 1,015,900,000 | 955,600,000 | 907,800,000 | 901,800,000 | 970,500,000 |
property, plant and equipment | 1,504,200,000 | 1,510,300,000 | 1,448,800,000 | 1,419,800,000 | 1,417,200,000 | 1,392,900,000 | 1,413,000,000 | 1,399,500,000 | 1,366,100,000 | 1,354,500,000 | 1,324,700,000 | 1,285,700,000 | 1,249,600,000 | 1,225,200,000 | 1,198,000,000 | 1,139,100,000 | 1,136,100,000 | 1,135,900,000 | 1,140,300,000 | 1,113,500,000 | 1,112,800,000 | 1,070,800,000 | 1,028,400,000 | 960,900,000 | 927,000,000 | 936,000,000 | 952,600,000 | 2,090,200,000 | 2,064,700,000 | 2,092,600,000 | 985,100,000 | 2,066,200,000 | 2,054,600,000 | 1,915,300,000 | 809,100,000 | 1,808,700,000 | 1,719,400,000 | 1,665,200,000 | 669,400,000 | 1,604,900,000 | 1,589,800,000 | 1,533,300,000 | 618,400,000 | 1,491,400,000 | 1,486,200,000 | 1,457,200,000 | 602,700,000 | 1,460,700,000 | 1,448,000,000 | 1,423,000,000 | 576,600,000 | 1,368,200,000 | 1,364,000,000 | 1,335,200,000 | 547,300,000 | 1,297,100,000 | 1,281,300,000 | 1,294,000,000 | 523,100,000 | 1,244,300,000 | 1,228,800,000 | 1,199,000,000 | 488,000,000 | 1,119,200,000 | 1,090,100,000 | 1,096,300,000 | 489,800,000 |
goodwill | 6,291,900,000 | 6,316,500,000 | 5,301,300,000 | 5,314,200,000 | 5,291,500,000 | 5,206,100,000 | 5,227,500,000 | 5,277,700,000 | 5,257,200,000 | 5,253,600,000 | 5,260,100,000 | 5,252,400,000 | 5,235,400,000 | 5,229,700,000 | 5,212,900,000 | 5,209,700,000 | 5,300,200,000 | 5,333,400,000 | 5,335,800,000 | 5,379,500,000 | 5,428,800,000 | 5,397,000,000 | 4,986,300,000 | 4,574,400,000 | 4,484,400,000 | 4,496,900,000 | 4,505,200,000 | 4,496,500,000 | 4,511,400,000 | 4,538,500,000 | 4,527,900,000 | 4,553,400,000 | 4,577,200,000 | 4,626,000,000 | 4,490,100,000 | 4,503,300,000 | 1,894,800,000 | 1,857,600,000 | 1,771,400,000 | 1,813,300,000 | 1,837,100,000 | 1,764,000,000 | 1,759,300,000 | 1,802,400,000 | 1,719,800,000 | 1,651,200,000 | 1,722,200,000 | 1,769,100,000 | 1,798,600,000 | 1,809,100,000 | 1,798,500,000 | 1,756,400,000 | 1,754,200,000 | 1,693,000,000 | 1,695,300,000 | 1,667,000,000 | 1,651,800,000 | 1,697,400,000 | 1,694,200,000 | 1,511,200,000 | 1,480,300,000 | 1,455,100,000 | 1,417,400,000 | 1,392,100,000 | 1,372,600,000 | 1,424,100,000 | 1,479,700,000 |
intangible assets | 4,937,500,000 | 4,961,600,000 | 3,293,100,000 | 3,302,500,000 | 3,308,800,000 | 3,308,100,000 | 3,318,900,000 | 3,332,700,000 | 3,338,900,000 | 3,346,800,000 | 3,356,700,000 | 3,364,400,000 | 3,371,900,000 | 3,381,700,000 | 3,387,900,000 | 3,396,600,000 | 3,419,700,000 | 3,443,700,000 | 3,452,500,000 | 3,478,300,000 | 3,494,500,000 | 3,500,900,000 | 3,239,400,000 | 2,843,000,000 | 2,833,900,000 | 2,840,100,000 | 2,847,000,000 | 2,850,300,000 | 2,860,100,000 | 2,869,200,000 | 2,873,300,000 | 2,881,700,000 | 2,893,100,000 | 2,907,100,000 | 3,071,100,000 | 3,091,500,000 | 489,000,000 | 473,900,000 | 424,900,000 | 433,600,000 | 410,200,000 | 370,100,000 | 372,100,000 | 376,100,000 | 364,600,000 | 323,100,000 | 330,800,000 | 336,500,000 | 340,400,000 | 332,800,000 | 333,400,000 | 347,500,000 | 353,300,000 | 321,300,000 | 323,500,000 | 345,400,000 | 341,100,000 | 355,000,000 | 350,000,000 | 236,000,000 | 234,700,000 | 234,100,000 | 232,500,000 | 231,900,000 | 231,900,000 | 234,500,000 | 237,300,000 |
other long-term assets | 954,700,000 | 948,600,000 | 1,019,100,000 | 986,500,000 | 1,006,600,000 | 980,000,000 | 971,900,000 | 950,700,000 | 956,000,000 | 915,000,000 | 919,200,000 | 960,100,000 | 947,300,000 | 957,500,000 | 939,400,000 | 782,800,000 | 777,200,000 | 788,800,000 | 781,400,000 | 752,200,000 | 721,800,000 | 761,700,000 | 752,000,000 | 722,800,000 | 715,100,000 | 694,300,000 | 507,100,000 | ||||||||||||||||||||||||||||||||||||||||
total assets | 16,477,100,000 | 16,346,300,000 | 13,200,400,000 | 13,247,000,000 | 13,190,400,000 | 12,899,800,000 | 13,070,300,000 | 13,204,900,000 | 12,987,600,000 | 12,890,100,000 | 12,862,300,000 | 12,990,100,000 | 12,908,200,000 | 13,205,400,000 | 13,124,900,000 | 12,941,000,000 | 12,957,900,000 | 12,940,800,000 | 12,905,800,000 | 12,884,400,000 | 12,810,500,000 | 12,685,100,000 | 12,089,700,000 | 10,860,700,000 | 10,576,100,000 | 10,491,700,000 | 10,362,100,000 | 10,366,000,000 | 10,236,700,000 | 10,227,900,000 | 10,256,400,000 | 10,278,000,000 | 10,383,800,000 | 10,363,000,000 | 10,385,800,000 | 10,381,700,000 | 4,872,100,000 | 4,751,100,000 | 4,635,900,000 | 4,716,500,000 | 4,644,300,000 | 4,400,100,000 | 4,507,800,000 | 4,490,700,000 | 4,378,400,000 | 4,197,500,000 | 4,414,300,000 | 4,472,100,000 | 4,409,300,000 | 4,429,700,000 | 4,449,700,000 | 4,353,000,000 | 4,208,800,000 | 4,086,100,000 | 4,165,400,000 | 4,057,000,000 | 3,965,700,000 | 4,079,700,000 | 4,087,800,000 | 3,714,600,000 | 3,589,400,000 | 3,477,600,000 | 3,419,700,000 | 3,264,700,000 | 3,192,400,000 | 3,245,400,000 | 3,387,800,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 1,326,600,000 | 1,309,900,000 | 381,400,000 | 496,100,000 | 598,900,000 | 456,900,000 | 483,100,000 | 1,180,700,000 | 352,400,000 | 329,500,000 | 272,200,000 | 387,000,000 | 460,200,000 | 1,304,800,000 | 1,236,700,000 | 1,436,400,000 | 667,000,000 | 636,700,000 | 539,100,000 | 767,400,000 | 457,200,000 | 594,300,000 | 886,700,000 | 167,800,000 | 84,500,000 | 725,000,000 | 600,700,000 | 683,600,000 | 605,700,000 | 603,400,000 | 560,000,000 | 639,800,000 | 623,500,000 | 680,700,000 | 257,600,000 | 349,200,000 | 656,200,000 | 638,900,000 | 390,300,000 | 559,300,000 | 513,100,000 | 389,600,000 | 139,500,000 | 481,200,000 | 416,700,000 | 310,500,000 | 269,600,000 | 352,200,000 | 307,100,000 | 280,200,000 | 211,600,000 | 107,900,000 | 299,100,000 | 201,100,000 | 140,300,000 | 229,000,000 | 242,200,000 | 281,200,000 | 217,000,000 | 108,200,000 | 94,200,000 | 200,000 | 97,400,000 | 129,100,000 | 129,900,000 | 101,200,000 | |
current portion of long-term debt | 9,500,000 | 9,400,000 | 509,100,000 | 757,300,000 | 756,700,000 | 755,100,000 | 265,200,000 | 64,200,000 | 786,600,000 | 798,400,000 | 799,300,000 | 1,004,800,000 | 285,700,000 | 281,200,000 | 270,600,000 | 20,600,000 | 770,800,000 | 770,800,000 | 770,300,000 | 768,500,000 | 267,800,000 | 265,900,000 | 263,900,000 | 263,700,000 | 88,900,000 | 88,900,000 | 97,700,000 | 119,300,000 | 87,500,000 | 85,800,000 | 83,500,000 | 75,500,000 | 75,500,000 | 75,600,000 | 325,600,000 | 325,500,000 | 250,600,000 | 250,700,000 | 2,900,000 | 600,000 | 600,000 | 600,000 | 203,500,000 | 203,600,000 | 205,900,000 | 205,700,000 | 1,200,000 | 1,200,000 | 1,300,000 | 1,800,000 | 2,500,000 | 252,100,000 | 252,800,000 | 252,700,000 | 252,300,000 | 2,300,000 | 2,200,000 | 1,900,000 | 5,400,000 | 300,000 | 100,300,000 | 100,300,000 | 100,200,000 | 100,300,000 | 400,000 | 14,500,000 | 14,900,000 |
trade accounts payable | 1,515,100,000 | 1,391,600,000 | 1,259,400,000 | 1,196,800,000 | 1,177,900,000 | 1,161,900,000 | 1,238,100,000 | 1,227,800,000 | 1,210,300,000 | 1,133,300,000 | 1,119,300,000 | 1,099,900,000 | 1,100,000,000 | 1,124,300,000 | 1,171,000,000 | 1,143,500,000 | 1,126,400,000 | 1,072,600,000 | 1,064,200,000 | 1,023,100,000 | 1,040,500,000 | 967,400,000 | 1,032,300,000 | 902,800,000 | 857,200,000 | 789,400,000 | 846,900,000 | 783,100,000 | 706,600,000 | 673,800,000 | 710,000,000 | 646,300,000 | 624,100,000 | 584,400,000 | 639,900,000 | 516,900,000 | 453,100,000 | 448,400,000 | 450,800,000 | 361,000,000 | 366,200,000 | 336,700,000 | 411,900,000 | 336,100,000 | 337,800,000 | 334,600,000 | 372,100,000 | 338,800,000 | 335,800,000 | 348,000,000 | 387,300,000 | 324,700,000 | 322,100,000 | 340,200,000 | 375,800,000 | 317,500,000 | 321,900,000 | 342,300,000 | 366,600,000 | 303,200,000 | 301,800,000 | 286,800,000 | 302,700,000 | 248,900,000 | 254,600,000 | 237,200,000 | 283,600,000 |
other accrued liabilities | 720,600,000 | 731,200,000 | 912,300,000 | 669,800,000 | 652,200,000 | 728,000,000 | 896,400,000 | 671,600,000 | 635,000,000 | 712,600,000 | 908,100,000 | 679,300,000 | 641,200,000 | 610,700,000 | 754,100,000 | 539,900,000 | 568,800,000 | 596,600,000 | 850,200,000 | 602,300,000 | 615,700,000 | 596,100,000 | 863,600,000 | 619,200,000 | 551,700,000 | 469,100,000 | 609,100,000 | 444,400,000 | 460,300,000 | 466,100,000 | 648,200,000 | 493,500,000 | 523,600,000 | 530,800,000 | 724,200,000 | 542,600,000 | 441,500,000 | 400,400,000 | 578,700,000 | 420,300,000 | 390,800,000 | 365,300,000 | 485,300,000 | 383,700,000 | 378,400,000 | 370,200,000 | 479,100,000 | 385,400,000 | 358,600,000 | 382,100,000 | 461,700,000 | 369,600,000 | 352,200,000 | 321,500,000 | 419,200,000 | 353,800,000 | 334,000,000 | 334,500,000 | 404,300,000 | 336,000,000 | 336,200,000 | 325,400,000 | 431,700,000 | 351,900,000 | 325,200,000 | 333,900,000 | 418,500,000 |
total current liabilities | 3,571,800,000 | 3,442,100,000 | 3,062,200,000 | 3,120,000,000 | 3,185,700,000 | 3,101,900,000 | 2,882,800,000 | 3,144,300,000 | 2,984,300,000 | 2,973,800,000 | 3,098,900,000 | 3,171,000,000 | 2,487,100,000 | 3,321,000,000 | 3,432,400,000 | 3,140,400,000 | 3,133,000,000 | 3,076,700,000 | 3,223,800,000 | 3,161,300,000 | 2,381,200,000 | 2,423,700,000 | 3,046,500,000 | 1,953,500,000 | 1,582,300,000 | 2,072,400,000 | 2,154,400,000 | 2,030,400,000 | 1,860,100,000 | 1,829,100,000 | 2,001,700,000 | 1,855,100,000 | 1,846,700,000 | 1,871,500,000 | 1,947,300,000 | 1,734,200,000 | 1,801,400,000 | 1,738,400,000 | 1,422,700,000 | 1,341,200,000 | 1,270,700,000 | 1,092,200,000 | 1,240,200,000 | 1,404,600,000 | 1,338,800,000 | 1,221,000,000 | 1,122,000,000 | 1,077,600,000 | 1,002,800,000 | 1,012,100,000 | 1,063,100,000 | 1,054,300,000 | 1,226,200,000 | 1,115,500,000 | 1,187,600,000 | 902,600,000 | 900,300,000 | 959,900,000 | 993,300,000 | 639,500,000 | 846,500,000 | 806,700,000 | 834,800,000 | 798,500,000 | 709,300,000 | 715,500,000 | 818,200,000 |
long-term debt | 3,597,400,000 | 3,604,100,000 | 3,105,800,000 | 3,104,900,000 | 3,099,300,000 | 3,095,700,000 | 3,593,600,000 | 3,343,100,000 | 3,325,800,000 | 3,329,100,000 | 3,339,900,000 | 3,385,300,000 | 4,117,600,000 | 3,619,800,000 | 3,642,300,000 | 3,904,800,000 | 3,920,300,000 | 3,964,500,000 | 3,973,300,000 | 3,985,000,000 | 4,735,900,000 | 4,739,200,000 | 3,753,800,000 | 3,737,500,000 | 4,113,600,000 | 3,627,900,000 | 3,625,800,000 | 3,843,100,000 | 3,977,500,000 | 4,034,000,000 | 4,052,900,000 | 4,269,800,000 | 4,456,200,000 | 4,378,600,000 | 4,443,900,000 | 4,702,300,000 | 804,300,000 | 803,500,000 | 1,054,000,000 | 1,057,900,000 | 1,055,200,000 | 1,056,300,000 | 1,052,700,000 | 807,200,000 | 807,900,000 | 806,800,000 | 1,014,100,000 | 1,014,300,000 | 1,016,800,000 | 1,016,600,000 | 1,019,000,000 | 1,018,600,000 | 774,400,000 | 776,000,000 | 779,200,000 | 1,026,200,000 | 1,027,700,000 | 1,028,700,000 | 1,029,700,000 | 1,031,700,000 | 781,200,000 | 775,700,000 | 779,900,000 | 779,500,000 | 874,600,000 | 872,300,000 | 875,000,000 |
deferred taxes | 1,327,000,000 | 1,323,900,000 | 835,800,000 | 822,100,000 | 823,000,000 | 830,000,000 | 840,500,000 | 836,200,000 | 851,000,000 | 858,300,000 | 861,200,000 | 864,500,000 | 862,500,000 | 866,700,000 | 866,300,000 | 816,300,000 | 811,000,000 | 796,500,000 | 792,300,000 | 752,600,000 | 742,800,000 | 739,500,000 | 727,200,000 | 704,400,000 | 701,300,000 | 699,400,000 | 697,600,000 | 701,200,000 | 706,400,000 | 704,400,000 | 706,500,000 | 667,700,000 | 659,900,000 | 662,300,000 | 1,094,500,000 | 1,106,300,000 | |||||||||||||||||||||||||||||||
other long-term liabilities | 407,600,000 | 420,100,000 | 428,500,000 | 416,400,000 | 452,000,000 | 422,500,000 | 436,600,000 | 430,300,000 | 472,300,000 | 471,500,000 | 478,800,000 | 499,200,000 | 484,100,000 | 510,200,000 | 484,700,000 | 472,800,000 | 478,500,000 | 488,900,000 | 490,900,000 | 582,400,000 | 609,800,000 | 618,000,000 | 622,200,000 | 519,300,000 | 516,600,000 | 517,400,000 | 427,600,000 | 310,700,000 | 310,100,000 | 317,700,000 | 313,100,000 | 373,400,000 | 380,700,000 | 378,200,000 | 329,200,000 | 305,600,000 | 457,000,000 | 477,600,000 | 521,100,000 | 542,800,000 | 544,900,000 | 524,700,000 | 528,000,000 | 516,700,000 | 496,400,000 | 465,800,000 | 468,800,000 | 410,200,000 | 409,800,000 | 413,600,000 | 419,900,000 | 482,600,000 | 474,500,000 | 469,800,000 | 498,400,000 | 404,200,000 | 398,800,000 | 398,500,000 | 446,300,000 | 323,000,000 | 319,600,000 | 318,700,000 | 342,300,000 | 304,900,000 | 321,100,000 | 326,000,000 | 360,000,000 |
total liabilities | 8,903,800,000 | 8,790,200,000 | 7,432,300,000 | 7,463,400,000 | 7,560,000,000 | 7,450,100,000 | 7,753,500,000 | 7,753,900,000 | 7,633,400,000 | 7,632,700,000 | 7,778,800,000 | 7,920,000,000 | 7,951,300,000 | 8,317,700,000 | 8,425,700,000 | 8,334,300,000 | 8,342,800,000 | 8,326,600,000 | 8,480,300,000 | 8,481,300,000 | 8,469,700,000 | 8,520,400,000 | 8,149,700,000 | 6,914,700,000 | 6,913,800,000 | 6,917,100,000 | 6,905,400,000 | 6,885,400,000 | 6,854,100,000 | 6,885,200,000 | 7,074,200,000 | 7,166,000,000 | 7,343,500,000 | 7,290,600,000 | 7,814,900,000 | 7,848,400,000 | 3,062,700,000 | 3,019,500,000 | 2,997,800,000 | 2,941,900,000 | 2,870,800,000 | 2,673,200,000 | 2,820,900,000 | 2,728,500,000 | 2,643,100,000 | 2,493,600,000 | 2,604,900,000 | 2,502,100,000 | 2,429,400,000 | 2,442,300,000 | 2,502,000,000 | 2,555,500,000 | 2,475,100,000 | 2,361,300,000 | 2,465,200,000 | 2,333,000,000 | 2,326,800,000 | 2,387,100,000 | 2,469,300,000 | 1,994,200,000 | 1,947,300,000 | 1,901,100,000 | 1,957,000,000 | 1,882,900,000 | 1,905,000,000 | 1,913,800,000 | 2,053,200,000 |
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 585,100,000 | 583,400,000 | 582,800,000 | 583,300,000 | 588,500,000 | 594,400,000 | 601,900,000 | 594,100,000 | 592,800,000 | 586,100,000 | 574,500,000 | 564,300,000 | 558,000,000 | 542,100,000 | 523,000,000 | 514,000,000 | 495,400,000 | 484,000,000 | 480,500,000 | 469,400,000 | 450,800,000 | 447,600,000 | 441,300,000 | 425,400,000 | 404,400,000 | 400,200,000 | 396,900,000 | 390,000,000 | 382,900,000 | 378,200,000 | 411,800,000 | 409,300,000 | 413,100,000 | 409,700,000 | 406,600,000 | 402,100,000 | 386,500,000 | 384,500,000 | 380,800,000 | 378,000,000 | 372,600,000 | 367,200,000 | 363,300,000 | 363,500,000 | 356,000,000 | 352,800,000 | 348,700,000 | 346,900,000 | 337,600,000 | 332,600,000 | 325,200,000 | 313,900,000 | 306,500,000 | 303,500,000 | 298,100,000 | 292,600,000 | 288,100,000 | 282,700,000 | 256,900,000 | 253,900,000 | 243,100,000 | 235,100,000 | |||||
common stock non-voting | 1,729,000,000 | 1,722,700,000 | 1,689,200,000 | 1,680,300,000 | 1,664,800,000 | 1,640,300,000 | 1,632,800,000 | 1,619,300,000 | 1,598,700,000 | 1,591,000,000 | 1,577,600,000 | 1,566,600,000 | 1,561,200,000 | 1,549,200,000 | 1,519,100,000 | 1,513,100,000 | 1,503,000,000 | 1,491,100,000 | 1,469,500,000 | 1,450,700,000 | 1,435,900,000 | 1,409,600,000 | 1,376,100,000 | 1,335,200,000 | 1,315,300,000 | 1,309,300,000 | 1,251,800,000 | 693,900,000 | 678,000,000 | 676,300,000 | 672,300,000 | 661,100,000 | 653,000,000 | 641,600,000 | 634,200,000 | 625,200,000 | 620,600,000 | 615,700,000 | 606,400,000 | 600,800,000 | 584,300,000 | 560,600,000 | 548,800,000 | 534,400,000 | 508,700,000 | 495,200,000 | 483,900,000 | 443,500,000 | 431,800,000 | 412,900,000 | |||||||||||||||||
retained earnings | 4,842,900,000 | 4,823,100,000 | 3,816,400,000 | 3,841,900,000 | 3,739,000,000 | 3,694,300,000 | 3,545,000,000 | 3,577,200,000 | 3,480,300,000 | 3,412,800,000 | 3,249,700,000 | 3,251,700,000 | 3,191,400,000 | 3,155,100,000 | 3,022,500,000 | 3,048,400,000 | 2,933,600,000 | 2,922,400,000 | 2,782,400,000 | 2,780,000,000 | 2,660,500,000 | 2,573,600,000 | 2,415,600,000 | 2,391,000,000 | 2,288,700,000 | 2,179,900,000 | 2,055,800,000 | 2,019,800,000 | 1,918,600,000 | 1,877,900,000 | 1,760,200,000 | 1,723,700,000 | 1,631,600,000 | 1,592,300,000 | 1,166,500,000 | 1,123,900,000 | 1,074,200,000 | 1,073,100,000 | 1,056,800,000 | 1,074,700,000 | 1,069,800,000 | 1,086,300,000 | 1,036,700,000 | 1,065,100,000 | 1,020,400,000 | 992,000,000 | 982,600,000 | 993,600,000 | 969,300,000 | 993,200,000 | 970,400,000 | 1,011,900,000 | 953,200,000 | 948,300,000 | 934,600,000 | 909,600,000 | 885,900,000 | 869,000,000 | 838,800,000 | 785,700,000 | 732,700,000 | 731,300,000 | 700,900,000 | 709,600,000 | 670,100,000 | 653,400,000 | 591,500,000 |
accumulated other comprehensive loss | -161,400,000 | -148,900,000 | -363,100,000 | -361,100,000 | -401,200,000 | -524,600,000 | -491,200,000 | -390,400,000 | -387,600,000 | -393,700,000 | -388,600,000 | -393,900,000 | -431,500,000 | -437,100,000 | -480,600,000 | -590,000,000 | -454,600,000 | -416,000,000 | -426,500,000 | -435,600,000 | -362,300,000 | -422,500,000 | -470,800,000 | -429,900,000 | -577,700,000 | -519,500,000 | -500,200,000 | -428,300,000 | -382,700,000 | -327,400,000 | -359,900,000 | -354,100,000 | -308,400,000 | -224,300,000 | -279,500,000 | -265,900,000 | -379,300,000 | -445,000,000 | -514,400,000 | -400,200,000 | -387,700,000 | -423,700,000 | -406,100,000 | -353,600,000 | -186,000,000 | -29,600,000 | -300,000 | -183,600,000 | -184,200,000 | -163,000,000 | -159,900,000 | -59,000,000 | |||||||||||||||
total mccormick & company shareholders’ equity | 6,995,600,000 | 6,980,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests | 577,700,000 | 575,800,000 | 31,600,000 | 30,800,000 | 29,000,000 | 26,700,000 | 25,800,000 | 29,500,000 | 26,800,000 | 24,900,000 | 22,800,000 | 20,800,000 | 19,900,000 | 17,600,000 | 18,700,000 | 17,400,000 | 16,900,000 | 16,500,000 | 14,500,000 | 16,600,000 | 15,500,000 | 15,200,000 | 13,900,000 | 13,300,000 | 12,400,000 | 12,700,000 | 12,500,000 | 11,900,000 | 11,700,000 | 11,700,000 | 11,300,000 | 10,300,000 | 11,800,000 | 12,200,000 | 11,000,000 | 11,700,000 | 11,300,000 | 12,400,000 | 11,500,000 | 17,200,000 | 17,000,000 | 16,700,000 | 16,700,000 | 16,900,000 | 20,000,000 | 20,000,000 | 17,200,000 | 17,500,000 | 17,700,000 | 15,900,000 | 15,200,000 | 14,100,000 | 17,000,000 | 17,600,000 | 17,300,000 | 16,800,000 | 9,000,000 | 8,800,000 | 8,300,000 | ||||||||
total shareholders’ equity | 7,573,300,000 | 7,556,100,000 | 5,768,100,000 | 5,783,600,000 | 5,630,400,000 | 5,449,700,000 | 5,316,800,000 | 5,451,000,000 | 5,354,200,000 | 5,257,400,000 | 5,083,500,000 | 5,070,100,000 | 4,956,900,000 | 4,887,700,000 | 4,699,200,000 | 4,606,700,000 | 4,615,100,000 | 4,614,200,000 | 4,425,500,000 | 4,403,100,000 | 4,340,800,000 | 4,164,700,000 | 3,940,000,000 | 3,946,000,000 | 3,662,300,000 | 3,574,600,000 | 3,456,700,000 | 3,480,600,000 | 3,382,600,000 | 3,342,700,000 | 3,182,200,000 | 3,112,000,000 | 3,040,300,000 | 3,072,400,000 | 2,570,900,000 | 2,533,300,000 | 1,809,400,000 | 1,731,600,000 | 1,638,100,000 | 1,774,600,000 | 1,773,500,000 | 1,726,900,000 | 1,686,900,000 | 1,762,200,000 | 1,735,300,000 | 1,703,900,000 | 1,809,400,000 | 1,970,000,000 | 1,979,900,000 | 1,987,400,000 | 1,947,700,000 | 1,797,500,000 | 1,733,700,000 | 1,724,800,000 | 1,700,200,000 | 1,724,000,000 | 1,638,900,000 | 1,692,600,000 | 1,618,500,000 | 1,720,400,000 | 1,642,100,000 | 1,576,500,000 | 1,462,700,000 | 1,381,800,000 | 1,287,400,000 | 1,331,600,000 | 1,334,600,000 |
total liabilities and shareholders’ equity | 16,477,100,000 | 16,346,300,000 | 13,200,400,000 | 13,247,000,000 | 13,190,400,000 | 12,899,800,000 | 13,070,300,000 | 13,204,900,000 | 12,987,600,000 | 12,890,100,000 | 12,862,300,000 | 12,990,100,000 | 12,908,200,000 | 13,205,400,000 | 13,124,900,000 | 12,941,000,000 | 12,957,900,000 | 12,940,800,000 | 12,905,800,000 | 12,884,400,000 | 12,810,500,000 | 12,685,100,000 | 12,089,700,000 | 10,860,700,000 | 10,576,100,000 | 10,491,700,000 | 10,362,100,000 | 10,366,000,000 | 10,236,700,000 | 10,227,900,000 | 10,256,400,000 | 10,278,000,000 | 10,383,800,000 | 10,363,000,000 | 10,385,800,000 | 10,381,700,000 | 4,872,100,000 | 4,751,100,000 | 4,635,900,000 | 4,716,500,000 | 4,644,300,000 | 4,400,100,000 | 4,507,800,000 | 4,490,700,000 | 4,378,400,000 | 4,197,500,000 | 4,414,300,000 | 4,472,100,000 | 4,409,300,000 | 4,429,700,000 | 4,449,700,000 | 4,353,000,000 | 4,208,800,000 | 4,086,100,000 | 4,165,400,000 | 4,057,000,000 | 3,965,700,000 | 4,079,700,000 | 4,087,800,000 | 3,714,600,000 | 3,589,400,000 | 3,477,600,000 | 3,419,700,000 | 3,264,700,000 | 3,192,400,000 | 3,245,400,000 | 3,387,800,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock; 640.0 shares authorized; 14.9 and 15.7 shares issued and outstanding, respectively | 582,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting; 640.0 shares authorized; 253.5 and 252.3 shares issued and outstanding, respectively | 1,700,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total mccormick shareholders’ equity | 5,736,500,000 | 5,752,800,000 | 5,601,400,000 | 5,423,000,000 | 5,291,000,000 | 5,060,700,000 | 4,680,500,000 | 4,411,000,000 | 3,926,100,000 | 3,444,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock; 640.0 shares authorized; 15.7 and 16.8 shares issued and outstanding, respectively | 587,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting; 640.0 shares authorized; 252.3 and 251.3 shares issued and outstanding, respectively | 1,649,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total mccormick shareholders' equity | 5,421,500,000 | 5,327,400,000 | 5,232,500,000 | 5,049,300,000 | 4,937,000,000 | 4,870,100,000 | 4,589,300,000 | 4,598,200,000 | 4,597,700,000 | 4,386,500,000 | 4,325,300,000 | 4,149,500,000 | 3,932,700,000 | 3,649,900,000 | 3,561,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock; authorized 640.0 shares; issued and outstanding: 2023–16.8 shares, 2022–17.4 shares | 597,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting; authorized 640.0 shares; issued and outstanding: 2023–251.3 shares, 2022–250.6 shares | 1,602,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock; authorized 640.0 shares; issued and outstanding: 2022–17.4 shares, 2021–17.8 shares | 568,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting; authorized 640.0 shares; issued and outstanding: 2022–250.6 shares, 2021–249.5 shares | 1,570,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock; authorized 640.0 shares; issued and outstanding: 2021–17.8 shares, 2020–18.0 shares | 530,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting; authorized 640.0 shares; issued and outstanding: 2021–249.5 shares, 2020–248.9 shares | 1,525,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade accounts receivable | 541,000,000 | 500,400,000 | 515,900,000 | 528,500,000 | 496,500,000 | 494,300,000 | 409,900,000 | 502,900,000 | 494,600,000 | 429,000,000 | 435,700,000 | 518,100,000 | 555,100,000 | 465,200,000 | 455,200,000 | 493,600,000 | 495,500,000 | 465,900,000 | 427,000,000 | 386,700,000 | 365,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2020–248.9 shares, 2019–247.2 shares | 1,497,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2019–123.6 shares, 2018–122.5 shares | 1,441,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation | -1,120,400,000 | -1,102,700,000 | -1,116,100,000 | -1,105,200,000 | -1,106,900,000 | -1,092,200,000 | -1,043,300,000 | -1,015,600,000 | -982,400,000 | -963,800,000 | -952,700,000 | -924,200,000 | -902,300,000 | -896,100,000 | -876,600,000 | -881,900,000 | -873,000,000 | -852,000,000 | -818,500,000 | -809,700,000 | -802,700,000 | -778,600,000 | -773,800,000 | -770,600,000 | -746,700,000 | -734,000,000 | -707,600,000 | -654,400,000 | -626,200,000 | -626,600,000 | |||||||||||||||||||||||||||||||||||||
investments and other assets | 460,000,000 | 430,100,000 | 415,700,000 | 390,200,000 | 407,700,000 | 401,600,000 | 400,800,000 | 398,500,000 | 378,900,000 | 358,600,000 | 351,700,000 | 348,400,000 | 360,500,000 | 357,700,000 | 350,700,000 | 351,500,000 | 348,600,000 | 345,000,000 | 337,900,000 | 342,400,000 | 378,900,000 | 370,600,000 | 376,700,000 | 371,000,000 | 328,500,000 | 329,500,000 | 327,800,000 | 313,900,000 | 306,700,000 | 298,100,000 | 311,100,000 | 297,600,000 | 306,500,000 | 300,000,000 | 281,400,000 | 265,900,000 | 220,300,000 | 216,200,000 | 215,300,000 | 183,900,000 | |||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2018–122.5 shares, 2017–121.0 shares | 1,370,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade accounts receivables | 511,700,000 | 473,900,000 | 502,000,000 | 556,200,000 | 429,700,000 | 404,400,000 | 445,300,000 | 399,600,000 | 371,200,000 | 422,900,000 | 390,600,000 | 384,100,000 | 476,800,000 | 417,100,000 | 428,000,000 | 462,400,000 | 399,900,000 | 403,900,000 | 411,200,000 | 378,000,000 | 381,100,000 | 391,700,000 | 342,600,000 | 326,800,000 | 319,700,000 | 310,800,000 | 325,300,000 | ||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2017–121.0 shares, 2016–113.9 shares | 1,294,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2016–113.9 shares, 2015–115.6 shares | 674,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2015–115.6 shares, 2014–116.4 shares | 655,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -324,700,000 | -314,900,000 | 8,800,000 | 6,600,000 | -89,500,000 | -127,300,000 | -35,600,000 | 118,800,000 | 112,400,000 | 64,100,000 | -3,700,000 | -37,000,000 | -76,700,000 | 13,000,000 | 109,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2014–116.4 shares, 2013–119.0 shares | 628,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2013–119.0 shares, 2012–120.1 shares | 609,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding:2012–120.1 shares, 2011–120.5 shares | 575,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property, plant and equipment | 518,500,000 | 507,500,000 | 523,400,000 | 497,600,000 | 494,800,000 | 491,400,000 | 464,800,000 | 463,900,000 | 469,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 18,100,000 | 17,600,000 | 18,300,000 | 9,100,000 | 9,200,000 | 9,100,000 | 9,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2011–120.5 shares, 2010–120.6 shares | 518,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2010—120.6 shares, 2009—119.5 shares | 473,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid allowances | 26,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2009 – 119.5 shares, 2008 – 117.8 shares | 398,900,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-11-30 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-11-30 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-11-30 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-11-30 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-11-30 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-08-31 | 2010-05-31 | 2010-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net income | 50,500,000 | 12,700,000 | 162,300,000 | 38,900,000 | 18,200,000 | 166,000,000 | 18,000,000 | 13,000,000 | 139,100,000 | 104,400,000 | -36,400,000 | 154,900,000 | 28,700,000 | 21,900,000 | 161,800,000 | 10,200,000 | 51,200,000 | 144,700,000 | 213,400,000 | 191,900,000 | 149,400,000 | 148,000,000 | 173,500,000 | 123,300,000 | 422,600,000 | 175,700,000 | 108,200,000 | 100,000,000 | 93,500,000 | 127,700,000 | 93,800,000 | 93,400,000 | 3,400,000 | 97,600,000 | 84,300,000 | 70,500,000 | 122,900,000 | 84,500,000 | 82,500,000 | 104,400,000 | 78,600,000 | 76,000,000 | 104,400,000 | 80,400,000 | 74,500,000 | 92,000,000 | 73,600,000 | 76,800,000 | 102,300,000 | 66,300,000 | 67,900,000 | |||||||||||
net income attributable to non-controlling interest | 1,200,000 | -100,000 | 1,100,000 | 300,000 | -300,000 | 2,100,000 | -1,300,000 | 1,200,000 | 800,000 | 300,000 | -1,300,000 | 2,500,000 | -1,300,000 | 1,200,000 | 800,000 | 1,000,000 | -300,000 | 900,000 | ||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized components of pension and other postretirement plans | 1,900,000 | -1,300,000 | -1,000,000 | -600,000 | -800,000 | -200,000 | 300,000 | 100,000 | -1,000,000 | 700,000 | 1,600,000 | 2,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
currency translation adjustments | -81,600,000 | 157,400,000 | -33,900,000 | -11,600,000 | 8,600,000 | -2,000,000 | 18,800,000 | -37,000,000 | 47,000,000 | 3,700,000 | -132,600,000 | 8,500,000 | 45,700,000 | 207,600,000 | -40,900,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
change in derivative financial instruments | 2,200,000 | -4,900,000 | 2,300,000 | 1,200,000 | 2,800,000 | -3,300,000 | 16,800,000 | -3,000,000 | -5,400,000 | -43,800,000 | 16,600,000 | 5,100,000 | 900,000 | 2,600,000 | -1,000,000 | -2,300,000 | 2,300,000 | -700,000 | ||||||||||||||||||||||||||||||||||||||||||||
tax benefit | -7,500,000 | 7,100,000 | -1,000,000 | 2,600,000 | 700,000 | 400,000 | -4,000,000 | 4,200,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income, net of tax | -85,000,000 | -8,400,000 | 11,300,000 | -5,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -33,300,000 | 170,900,000 | 129,800,000 | 30,800,000 | 29,200,000 | 163,000,000 | 48,600,000 | -21,500,000 | 181,500,000 | 7,700,000 | -87,100,000 | 167,400,000 | -104,000,000 | 32,800,000 | 211,400,000 | 217,400,000 | 11,800,000 | 125,600,000 | ||||||||||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | -29,200,000 | 21,300,000 | 102,800,000 | 34,500,000 | -11,700,000 | 178,000,000 | 27,300,000 | -229,400,000 | 356,800,000 | 18,100,000 | -12,600,000 | 338,400,000 | 20,800,000 | 35,700,000 | 256,100,000 | 36,000,000 | 14,200,000 | 170,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowances | 84,200,000 | 67,600,000 | 516,900,000 | 62,400,000 | 31,000,000 | 567,500,000 | 67,300,000 | -13,800,000 | 571,000,000 | 72,700,000 | -23,600,000 | 516,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | -6,900,000 | -7,400,000 | -11,700,000 | -80,000,000 | -26,600,000 | -2,300,000 | 68,000,000 | 71,900,000 | -200,000 | -78,000,000 | -110,600,000 | -49,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
finished products | 44,200,000 | 5,100,000 | 607,900,000 | 26,600,000 | 44,100,000 | 574,300,000 | -12,600,000 | -23,000,000 | 650,200,000 | 37,900,000 | 59,400,000 | 571,500,000 | 22,200,000 | 40,300,000 | 544,400,000 | 55,600,000 | -67,600,000 | 449,500,000 | ||||||||||||||||||||||||||||||||||||||||||||
raw materials and work-in-process | -28,100,000 | 56,800,000 | 637,700,000 | 57,800,000 | -15,500,000 | 555,300,000 | -38,100,000 | -45,400,000 | 694,400,000 | -3,000,000 | 41,000,000 | 672,700,000 | 32,400,000 | 34,100,000 | 529,000,000 | 55,200,000 | 63,300,000 | 386,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -13,400,000 | 2,800,000 | 147,400,000 | -6,400,000 | 1,300,000 | 145,100,000 | -20,400,000 | 4,300,000 | 138,900,000 | -37,600,000 | 21,500,000 | 139,700,000 | -7,700,000 | 3,300,000 | 109,300,000 | -5,100,000 | -3,000,000 | 108,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
total current assets | 57,700,000 | 153,600,000 | 2,012,700,000 | 174,900,000 | 49,200,000 | 2,020,200,000 | 23,500,000 | -307,300,000 | 2,411,300,000 | 88,100,000 | 85,700,000 | 2,239,000,000 | 108,300,000 | 97,900,000 | 1,954,700,000 | 143,900,000 | 91,300,000 | 1,524,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 2,600,000 | 24,300,000 | 1,392,900,000 | 33,400,000 | 11,600,000 | 1,354,500,000 | 36,100,000 | 24,400,000 | 1,225,200,000 | 3,000,000 | 200,000 | 1,135,900,000 | 700,000 | 42,000,000 | 1,070,800,000 | 33,900,000 | -9,000,000 | 936,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
goodwill | 22,700,000 | 85,400,000 | 5,206,100,000 | 20,500,000 | 3,600,000 | 5,253,600,000 | 17,000,000 | 5,700,000 | 5,229,700,000 | -90,500,000 | -33,200,000 | 5,333,400,000 | -49,300,000 | 31,800,000 | 5,397,000,000 | 90,000,000 | -12,500,000 | 4,496,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
intangible assets | -6,300,000 | 700,000 | 3,308,100,000 | -6,200,000 | -7,900,000 | 3,346,800,000 | -7,500,000 | -9,800,000 | 3,381,700,000 | -23,100,000 | -24,000,000 | 3,443,700,000 | -16,200,000 | -6,400,000 | 3,500,900,000 | 9,100,000 | -6,200,000 | 2,840,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
other long-term assets | -20,100,000 | 26,600,000 | 980,000,000 | -5,300,000 | 41,000,000 | 915,000,000 | 12,800,000 | -10,200,000 | 957,500,000 | 5,600,000 | -11,600,000 | 788,800,000 | 30,400,000 | -39,900,000 | 761,700,000 | 7,700,000 | 20,800,000 | 694,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
total assets | 56,600,000 | 290,600,000 | 12,899,800,000 | 217,300,000 | 97,500,000 | 12,890,100,000 | 81,900,000 | -297,200,000 | 13,205,400,000 | -16,900,000 | 17,100,000 | 12,940,800,000 | 73,900,000 | 125,400,000 | 12,685,100,000 | 284,600,000 | 84,400,000 | 10,491,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | -102,800,000 | 142,000,000 | 456,900,000 | 828,300,000 | 22,900,000 | 329,500,000 | -73,200,000 | -844,600,000 | 1,304,800,000 | 769,400,000 | 30,300,000 | 636,700,000 | 310,200,000 | -137,100,000 | 594,300,000 | 83,300,000 | -640,500,000 | 725,000,000 | -83,400,000 | 78,800,000 | 1,300,000 | 44,300,000 | 18,300,000 | -55,800,000 | 423,600,000 | -91,300,000 | -307,300,000 | 16,200,000 | 247,800,000 | 46,100,000 | 123,000,000 | 250,800,000 | 65,900,000 | 107,300,000 | 40,900,000 | 45,400,000 | 25,900,000 | 68,400,000 | -190,700,000 | 98,100,000 | 60,800,000 | -13,200,000 | -38,900,000 | 64,200,000 | -108,200,000 | 14,300,000 | 93,600,000 | -30,500,000 | -800,000 | 28,900,000 | ||||||||||||
current portion of long-term debt | 600,000 | 1,600,000 | 755,100,000 | -722,400,000 | -11,800,000 | 798,400,000 | 719,100,000 | 4,500,000 | 281,200,000 | -750,200,000 | 0 | 770,800,000 | 500,700,000 | 1,900,000 | 265,900,000 | 174,800,000 | 0 | 88,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
trade accounts payable | 18,900,000 | 16,000,000 | 1,161,900,000 | 17,500,000 | 77,000,000 | 1,133,300,000 | -100,000 | -24,300,000 | 1,124,300,000 | 17,100,000 | 53,800,000 | 1,072,600,000 | -17,400,000 | 73,100,000 | 967,400,000 | 45,600,000 | 67,800,000 | 789,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
other accrued liabilities | 17,600,000 | -75,800,000 | 728,000,000 | 36,600,000 | -77,600,000 | 712,600,000 | 38,100,000 | 30,500,000 | 610,700,000 | -28,900,000 | -27,800,000 | 596,600,000 | -13,400,000 | 19,600,000 | 596,100,000 | 67,500,000 | 82,600,000 | 469,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | -65,700,000 | 83,800,000 | 3,101,900,000 | 160,000,000 | 10,500,000 | 2,973,800,000 | 683,900,000 | -833,900,000 | 3,321,000,000 | 7,400,000 | 56,300,000 | 3,076,700,000 | 780,100,000 | -42,500,000 | 2,423,700,000 | 371,200,000 | -490,100,000 | 2,072,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 5,600,000 | 3,600,000 | 3,095,700,000 | 17,300,000 | -3,300,000 | 3,329,100,000 | -732,300,000 | 497,800,000 | 3,619,800,000 | -15,500,000 | -44,200,000 | 3,964,500,000 | -750,900,000 | -3,300,000 | 4,739,200,000 | -376,100,000 | 485,700,000 | 3,627,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | -900,000 | -7,000,000 | 830,000,000 | -14,800,000 | -7,300,000 | 858,300,000 | 2,000,000 | -4,200,000 | 866,700,000 | 10,000,000 | -12,900,000 | -1,000,000 | -4,000,000 | -1,800,000 | 3,000,000 | 6,300,000 | -1,400,000 | -1,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | -35,600,000 | 29,500,000 | 422,500,000 | -42,000,000 | 800,000 | 471,500,000 | 15,100,000 | -26,100,000 | 510,200,000 | -5,700,000 | -10,400,000 | 488,900,000 | -27,400,000 | -8,200,000 | 618,000,000 | 2,700,000 | -800,000 | 517,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities | -96,600,000 | 109,900,000 | 7,450,100,000 | 120,500,000 | 700,000 | 7,632,700,000 | -31,300,000 | -366,400,000 | 8,317,700,000 | -8,500,000 | 16,200,000 | 8,326,600,000 | 11,600,000 | -50,700,000 | 8,520,400,000 | 900,000 | -3,300,000 | 6,917,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | -500,000 | -5,200,000 | 588,500,000 | -7,500,000 | 7,800,000 | 594,100,000 | 6,700,000 | 11,600,000 | 574,500,000 | 6,300,000 | 15,900,000 | 542,100,000 | 9,000,000 | 18,600,000 | 495,400,000 | 11,100,000 | 18,600,000 | 450,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting | 8,900,000 | 15,500,000 | 1,664,800,000 | 7,500,000 | 13,500,000 | 1,619,300,000 | 7,700,000 | 13,400,000 | 1,577,600,000 | 5,400,000 | 12,000,000 | 1,549,200,000 | 6,000,000 | 10,100,000 | 1,503,000,000 | 21,600,000 | 18,800,000 | 1,450,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 102,900,000 | 44,700,000 | 3,694,300,000 | 96,900,000 | 67,500,000 | 3,412,800,000 | 60,300,000 | 36,300,000 | 3,155,100,000 | 114,800,000 | 11,200,000 | 2,922,400,000 | 119,500,000 | 86,900,000 | 2,573,600,000 | 102,300,000 | 108,800,000 | 2,179,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | 40,100,000 | 123,400,000 | -524,600,000 | -2,800,000 | 6,100,000 | -393,700,000 | 37,600,000 | 5,600,000 | -437,100,000 | -135,400,000 | -38,600,000 | -416,000,000 | -73,300,000 | 60,200,000 | -422,500,000 | 147,800,000 | -58,200,000 | -519,500,000 | ||||||||||||||||||||||||||||||||||||||||||||
total mccormick shareholders’ equity | 151,400,000 | 178,400,000 | 5,423,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests | 1,800,000 | 2,300,000 | 26,700,000 | 2,700,000 | 1,900,000 | 24,900,000 | 900,000 | 2,300,000 | 17,600,000 | 500,000 | 400,000 | 16,500,000 | 1,100,000 | 300,000 | 15,200,000 | 900,000 | -300,000 | 12,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 153,200,000 | 180,700,000 | 5,449,700,000 | 96,800,000 | 96,800,000 | 5,257,400,000 | 113,200,000 | 69,200,000 | 4,887,700,000 | -8,400,000 | 900,000 | 4,614,200,000 | 62,300,000 | 176,100,000 | 4,164,700,000 | 283,700,000 | 87,700,000 | 3,574,600,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 56,600,000 | 290,600,000 | 12,899,800,000 | 217,300,000 | 97,500,000 | 12,890,100,000 | 81,900,000 | -297,200,000 | 13,205,400,000 | -16,900,000 | 17,100,000 | 12,940,800,000 | 73,900,000 | 125,400,000 | 12,685,100,000 | 284,600,000 | 84,400,000 | 10,491,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flow from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 61,200,000 | 57,100,000 | 53,800,000 | 54,600,000 | 57,100,000 | 45,800,000 | 53,800,000 | 48,800,000 | 47,800,000 | 50,000,000 | 49,200,000 | 49,000,000 | 47,200,000 | 43,800,000 | 48,100,000 | 42,400,000 | 39,600,000 | 41,900,000 | 40,800,000 | 39,000,000 | 38,700,000 | 40,300,000 | 37,500,000 | 37,500,000 | 36,600,000 | 35,600,000 | 31,500,000 | 29,800,000 | 28,300,000 | 29,300,000 | 26,600,000 | 26,400,000 | 26,200,000 | 27,600,000 | 24,900,000 | 24,600,000 | 26,700,000 | 26,800,000 | 25,200,000 | 25,500,000 | 26,200,000 | 26,200,000 | 24,800,000 | 25,800,000 | 24,700,000 | 24,800,000 | 23,700,000 | 24,200,000 | 22,800,000 | 23,100,000 | ||||||||||||
stock-based compensation | 7,700,000 | 9,600,000 | 20,000,000 | 8,800,000 | 19,400,000 | 11,700,000 | 12,600,000 | 26,700,000 | 11,800,000 | 12,200,000 | 25,800,000 | 11,100,000 | 11,600,000 | 28,400,000 | 14,200,000 | 10,700,000 | 20,700,000 | 6,400,000 | 6,600,000 | 7,800,000 | 16,100,000 | 6,700,000 | 5,500,000 | 11,800,000 | 4,300,000 | 5,500,000 | 4,000,000 | 10,300,000 | 4,100,000 | 4,000,000 | 12,800,000 | 3,000,000 | 3,100,000 | 10,200,000 | 3,700,000 | 3,000,000 | 9,500,000 | 2,600,000 | 3,600,000 | 9,700,000 | 2,800,000 | 3,200,000 | 6,100,000 | 2,600,000 | 2,800,000 | 5,500,000 | 2,100,000 | 2,200,000 | 5,500,000 | 2,000,000 | ||||||||||||
deferred income tax benefit | -3,700,000 | -2,900,000 | -9,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated operations | -16,900,000 | -19,700,000 | -17,400,000 | -17,900,000 | -16,800,000 | -21,300,000 | -13,400,000 | -10,300,000 | -14,000,000 | -7,500,000 | -10,400,000 | -9,300,000 | -9,100,000 | -23,400,000 | -13,300,000 | -9,600,000 | -10,200,000 | -10,400,000 | -11,700,000 | -9,600,000 | -9,500,000 | -10,100,000 | -8,400,000 | -7,400,000 | -8,100,000 | -10,300,000 | -8,200,000 | -8,400,000 | -7,000,000 | -8,100,000 | -7,700,000 | -8,400,000 | -9,700,000 | -7,400,000 | -9,900,000 | -8,800,000 | -6,200,000 | -5,100,000 | -4,900,000 | -6,000,000 | -5,400,000 | -5,500,000 | -3,900,000 | -4,600,000 | -6,900,000 | -6,100,000 | -7,900,000 | -6,400,000 | -6,800,000 | -6,300,000 | ||||||||||||
changes in operating assets and liabilities | 8,900,000 | -256,300,000 | 14,300,000 | 59,700,000 | -148,900,000 | -56,200,000 | 9,100,000 | -92,700,000 | -4,900,000 | -80,200,000 | -49,700,000 | 700,000 | -44,400,000 | 3,400,000 | -38,200,000 | 3,000,000 | -48,200,000 | -17,500,000 | -34,100,000 | -34,400,000 | -7,500,000 | -69,800,000 | -19,300,000 | 3,700,000 | -76,300,000 | -66,300,000 | -47,600,000 | -119,100,000 | -43,200,000 | -24,400,000 | -92,600,000 | |||||||||||||||||||||||||||||||
trade accounts receivable | -75,100,000 | -42,000,000 | 65,200,000 | -58,600,000 | -30,100,000 | 16,500,000 | -49,400,000 | 16,800,000 | 9,700,000 | -90,900,000 | 14,100,000 | 33,200,000 | 40,600,000 | -15,500,000 | 515,900,000 | 2,200,000 | 84,400,000 | 409,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
other assets and liabilities | 38,200,000 | -134,500,000 | -84,900,000 | 7,100,000 | -90,400,000 | -118,800,000 | 17,500,000 | -9,500,000 | -49,900,000 | -6,900,000 | -17,200,000 | -185,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
dividends from unconsolidated affiliates | 16,800,000 | 14,300,000 | 8,300,000 | 12,400,000 | 17,800,000 | 26,400,000 | 15,200,000 | 21,400,000 | 13,900,000 | 9,200,000 | 9,400,000 | 9,200,000 | 1,800,000 | 13,000,000 | 7,000,000 | 7,300,000 | 5,000,000 | 11,100,000 | 7,500,000 | 6,800,000 | 11,400,000 | 7,400,000 | 5,600,000 | 7,000,000 | 6,600,000 | 6,100,000 | 5,600,000 | 6,500,000 | 8,600,000 | 7,900,000 | 500,000 | 13,500,000 | 3,700,000 | 200,000 | 8,400,000 | 4,000,000 | 800,000 | 800,000 | 1,800,000 | 2,900,000 | 10,800,000 | 500,000 | 3,100,000 | 9,200,000 | 1,300,000 | 900,000 | 6,900,000 | 800,000 | ||||||||||||||
net cash flow from operating activities | 258,800,000 | 45,900,000 | 115,500,000 | 161,700,000 | 163,100,000 | 138,400,000 | 265,900,000 | 290,800,000 | 103,400,000 | 95,700,000 | 136,500,000 | 17,900,000 | 144,200,000 | 260,900,000 | -32,200,000 | 271,200,000 | 310,700,000 | 44,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business | -14,300,000 | -13,300,000 | -115,900,000 | -800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -53,000,000 | -28,700,000 | -25,400,000 | -52,700,000 | -28,600,000 | -31,300,000 | -42,200,000 | -36,600,000 | -29,600,000 | -33,100,000 | -32,400,000 | -22,400,000 | -27,300,000 | -27,200,000 | -15,500,000 | -30,600,000 | -28,900,000 | -18,500,000 | -19,400,000 | -22,200,000 | -12,400,000 | -27,000,000 | -20,100,000 | -15,100,000 | -25,400,000 | -20,100,000 | ||||||||||||||||||||||||||||||||||||
free cash flows | 127,400,000 | 181,900,000 | 78,200,000 | 101,400,000 | 226,800,000 | -51,800,000 | 83,600,000 | 96,300,000 | 14,700,000 | 76,600,000 | 102,400,000 | 55,500,000 | 103,400,000 | 62,800,000 | 80,400,000 | 63,100,000 | 76,500,000 | 58,200,000 | 75,300,000 | 78,900,000 | 19,200,000 | 84,900,000 | 101,800,000 | 7,400,000 | 24,000,000 | 59,900,000 | ||||||||||||||||||||||||||||||||||||
other investing activities | 0 | 0 | 200,000 | -100,000 | 2,200,000 | 100,000 | 400,000 | 1,700,000 | 200,000 | 100,000 | 2,500,000 | 0 | 100,000 | 2,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net cash flow used in investing activities | -67,000,000 | -68,100,000 | -37,100,000 | -59,000,000 | -68,300,000 | -61,800,000 | -68,700,000 | -54,600,000 | -61,500,000 | 33,700,000 | -45,500,000 | -43,700,000 | -77,000,000 | 1,600,000 | -755,200,000 | -58,100,000 | -46,900,000 | -38,300,000 | -50,500,000 | -28,700,000 | -25,300,000 | -50,200,000 | -28,000,000 | -35,200,000 | -4,245,300,000 | -37,100,000 | -152,700,000 | -30,400,000 | -149,200,000 | -22,200,000 | -126,500,000 | -138,600,000 | -15,500,000 | -30,500,000 | -28,700,000 | -18,000,000 | -32,600,000 | -138,100,000 | -11,300,000 | -26,600,000 | -20,000,000 | -14,900,000 | -64,200,000 | -18,900,000 | -14,200,000 | -14,200,000 | -23,400,000 | -8,800,000 | ||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings (repayments) | -102,800,000 | 141,900,000 | -25,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt borrowings | 1,500,000 | 0 | 0 | 1,100,000 | 1,000,400,000 | 11,400,000 | 12,400,000 | 7,100,000 | 6,400,000 | 12,000,000 | 249,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt repayments | -2,100,000 | -2,100,000 | -11,500,000 | -724,800,000 | -13,900,000 | -14,100,000 | -3,600,000 | -5,500,000 | -3,600,000 | -753,400,000 | -11,800,000 | -3,500,000 | -251,800,000 | -1,700,000 | -1,800,000 | -214,300,000 | -21,200,000 | -20,500,000 | -233,100,000 | -121,000,000 | -72,100,000 | -21,500,000 | -199,400,000 | -69,400,000 | -319,800,000 | -268,800,000 | -300,000 | -1,100,000 | -2,500,000 | -200,000 | -100,000 | -201,700,000 | -1,100,000 | -100,000 | -200,000 | -200,000 | -800,000 | -400,000 | -300,000 | -500,000 | -400,000 | -400,000 | 0 | -4,200,000 | -100,000 | -14,100,000 | -100,000 | |||||||||||||||
proceeds from exercised stock options | 1,800,000 | 6,600,000 | 6,700,000 | 2,400,000 | 6,000,000 | 4,400,000 | 4,800,000 | 5,900,000 | 5,200,000 | 3,800,000 | 5,800,000 | 30,300,000 | 4,300,000 | 2,600,000 | 3,600,000 | 27,400,000 | 19,000,000 | 7,700,000 | 6,300,000 | 36,600,000 | 41,300,000 | 6,700,000 | 20,500,000 | 4,700,000 | 16,900,000 | 3,000,000 | 2,500,000 | 15,800,000 | 8,200,000 | 10,500,000 | 14,100,000 | 7,800,000 | 11,900,000 | 2,900,000 | 11,300,000 | 3,100,000 | 7,200,000 | 8,900,000 | 3,000,000 | 19,300,000 | 10,500,000 | 7,700,000 | 15,200,000 | 14,400,000 | 14,400,000 | 14,000,000 | 17,100,000 | 16,200,000 | 15,700,000 | 14,000,000 | ||||||||||||
taxes withheld and paid on employee stock awards | -600,000 | -5,900,000 | -6,700,000 | 0 | -4,000,000 | -4,900,000 | 0 | -4,700,000 | -6,100,000 | 0 | -7,400,000 | -12,000,000 | -300,000 | -7,900,000 | -5,100,000 | -1,500,000 | -6,200,000 | -3,000,000 | -2,400,000 | -200,000 | -7,000,000 | -3,100,000 | -4,100,000 | -3,800,000 | -2,900,000 | -400,000 | 0 | -3,700,000 | -1,700,000 | |||||||||||||||||||||||||||||||||
common stock acquired by purchase | -2,700,000 | -9,300,000 | -17,200,000 | -24,500,000 | -4,200,000 | -300,000 | -8,100,000 | -15,100,000 | -3,500,000 | -13,200,000 | -4,200,000 | -8,700,000 | -2,800,000 | -300,000 | -100,000 | -25,200,000 | -900,000 | -19,900,000 | -18,200,000 | -17,100,000 | -29,300,000 | -30,500,000 | -7,900,000 | -15,300,000 | -16,800,000 | -2,000,000 | 0 | -53,100,000 | -82,700,000 | -78,100,000 | -53,000,000 | -47,800,000 | -2,400,000 | -5,000,000 | -64,900,000 | -52,100,000 | -69,400,000 | -56,900,000 | 0 | -31,900,000 | -60,200,000 | -29,600,000 | -26,300,000 | -42,300,000 | 0 | -31,800,000 | ||||||||||||||||
dividends paid | -120,700,000 | -120,800,000 | -120,700,000 | -112,800,000 | -112,800,000 | -112,700,000 | -104,600,000 | -104,600,000 | -104,600,000 | -99,300,000 | -99,200,000 | -99,000,000 | -90,800,000 | -90,800,000 | -90,800,000 | -82,500,000 | -82,500,000 | -82,400,000 | -75,800,000 | -75,600,000 | -75,500,000 | -75,300,000 | -68,400,000 | -68,300,000 | -68,200,000 | -61,600,000 | -58,600,000 | -58,500,000 | -58,900,000 | -54,300,000 | -54,700,000 | -54,600,000 | -51,200,000 | -51,200,000 | -51,300,000 | -48,000,000 | -48,100,000 | -48,600,000 | -44,900,000 | -45,000,000 | -45,100,000 | -41,200,000 | -41,000,000 | -41,400,000 | -37,100,000 | -37,100,000 | -37,200,000 | -34,700,000 | -34,600,000 | -34,400,000 | ||||||||||||
other financing activities | -9,800,000 | 1,000,000 | 20,100,000 | -2,300,000 | 1,400,000 | 2,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flow used in financing activities | -235,400,000 | 12,300,000 | -155,200,000 | -33,700,000 | -104,500,000 | -67,700,000 | -183,100,000 | -202,200,000 | -98,500,000 | 29,300,000 | -45,500,000 | 53,900,000 | -64,200,000 | -28,600,000 | -34,400,000 | -76,700,000 | 18,500,000 | -80,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 14,400,000 | 31,200,000 | -6,500,000 | -34,500,000 | -2,000,000 | 2,500,000 | 13,200,000 | 7,800,000 | 25,600,000 | -19,300,000 | -17,500,000 | 8,100,000 | -15,500,000 | 8,000,000 | 7,200,000 | 25,100,000 | -12,000,000 | 1,800,000 | 13,400,000 | -7,900,000 | -3,500,000 | 6,800,000 | -2,400,000 | -3,600,000 | 9,300,000 | -7,700,000 | 13,500,000 | -5,900,000 | 5,500,000 | -600,000 | 4,800,000 | -11,000,000 | -8,900,000 | 2,400,000 | -11,700,000 | 1,000,000 | 500,000 | -3,700,000 | -700,000 | 500,000 | 3,700,000 | 2,200,000 | -3,900,000 | 2,200,000 | 600,000 | 12,400,000 | 3,900,000 | 15,600,000 | -5,500,000 | -12,100,000 | ||||||||||||
increase in cash and cash equivalents | -83,300,000 | 34,500,000 | -11,700,000 | 11,400,000 | 22,800,000 | 20,800,000 | 35,700,000 | -167,500,000 | 36,000,000 | 14,200,000 | 15,400,000 | -7,500,000 | 23,500,000 | 37,100,000 | 5,700,000 | -129,600,000 | 23,000,000 | -7,200,000 | 20,700,000 | 36,100,000 | 4,300,000 | 7,300,000 | 2,700,000 | 19,700,000 | -800,000 | 18,900,000 | 7,700,000 | 4,500,000 | 12,400,000 | -8,000,000 | 26,400,000 | 74,700,000 | 3,500,000 | -10,400,000 | 10,800,000 | 7,000,000 | 500,000 | |||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 186,100,000 | 0 | 0 | 166,600,000 | 0 | 0 | 334,000,000 | 0 | 0 | 351,700,000 | 0 | 0 | 423,600,000 | 0 | 0 | 155,400,000 | 0 | 0 | 96,600,000 | 0 | 0 | 186,800,000 | 0 | 0 | 118,400,000 | 0 | 0 | 112,600,000 | 0 | 0 | 77,300,000 | 0 | 0 | 63,000,000 | 0 | 0 | 79,000,000 | 0 | 0 | 53,900,000 | 0 | 0 | 50,800,000 | 0 | 0 | 39,500,000 | ||||||||||||||
cash and cash equivalents at end of period | -29,200,000 | 21,300,000 | 102,800,000 | 34,500,000 | -11,700,000 | 178,000,000 | 27,300,000 | -229,400,000 | 356,800,000 | 18,100,000 | -12,600,000 | 338,400,000 | 20,800,000 | 35,700,000 | 256,100,000 | 36,000,000 | 14,200,000 | 170,800,000 | 23,500,000 | 37,100,000 | 102,300,000 | -129,600,000 | 23,000,000 | 179,600,000 | 36,100,000 | 4,300,000 | 125,700,000 | 2,700,000 | 19,700,000 | 111,800,000 | 18,900,000 | 7,700,000 | 81,800,000 | 12,400,000 | -8,000,000 | 89,400,000 | 74,700,000 | 3,500,000 | 68,600,000 | 10,800,000 | 7,000,000 | 54,400,000 | 4,300,000 | 7,300,000 | 40,600,000 | 500,000 | 1,200,000 | 21,900,000 | ||||||||||||||
decrease in cash and cash equivalents | 27,300,000 | 18,100,000 | -12,600,000 | -13,300,000 | 7,300,000 | -10,200,000 | 500,000 | 1,200,000 | -17,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive loss, net of tax | -33,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash conversion cycle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total mccormick shareholders' equity | 94,100,000 | 94,900,000 | 5,232,500,000 | 112,300,000 | 66,900,000 | 4,870,100,000 | -8,900,000 | 500,000 | 4,597,700,000 | 61,200,000 | 175,800,000 | 4,149,500,000 | 282,800,000 | 88,000,000 | 3,561,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | -9,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | 0 | -800,000 | -1,100,000 | 0 | -1,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income | 31,900,000 | -35,700,000 | 41,600,000 | -97,000,000 | -49,400,000 | 10,000,000 | -131,400,000 | 9,700,000 | 48,800,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of intangible asset | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of a business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charge | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of intangible asset | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flow from financing activities | -44,700,000 | -92,000,000 | -86,100,000 | 4,400,000 | -30,900,000 | -234,800,000 | 612,700,000 | 7,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of inventory fair value adjustments associated with acquisitions | 0 | 0 | 6,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses | 0 | 200,000 | -706,600,000 | 0 | 0 | -4,200,000 | -4,203,400,000 | 0 | -124,000,000 | 1,900,000 | -99,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of unconsolidated operation | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
currency translation adjustments, including for the three and six months ended may 31, 2022, 7.9 associated with the exit of our business in russia | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized components of pension and postretirement plans | 4,300,000 | 400,000 | 1,100,000 | -5,400,000 | 900,000 | 2,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed asset impairment charge | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash nonrecurring income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special charges and transaction and integration expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of inventory fair value adjustment associated with acquisition of rb foods | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of forward-starting interest rate swaps | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends received from unconsolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of minority interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock non-voting | -900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flow provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash net income tax benefit | -10,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flow provided by operating activities | 180,400,000 | 210,600,000 | 103,600,000 | 154,100,000 | 255,400,000 | -20,500,000 | 125,800,000 | 132,900,000 | 44,300,000 | 109,700,000 | 134,800,000 | 77,900,000 | 130,700,000 | 90,000,000 | 95,900,000 | 93,700,000 | 105,400,000 | 76,700,000 | 94,700,000 | 101,100,000 | 31,600,000 | 111,900,000 | 121,900,000 | 22,500,000 | 49,400,000 | 80,000,000 | ||||||||||||||||||||||||||||||||||||
net cash flow provided by financing activities | -79,400,000 | -231,100,000 | -200,800,000 | 39,200,000 | 4,142,100,000 | -85,600,000 | 110,200,000 | -51,800,000 | 13,300,000 | -9,300,000 | 23,200,000 | 8,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect of businesses acquired | -51,100,000 | 81,600,000 | -185,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of costs related to issuance of common stock non-voting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash income tax benefit | -297,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, plant and equipment | 300,000 | 400,000 | 300,000 | -500,000 | 900,000 | -600,000 | 1,300,000 | 200,000 | 200,000 | 100,000 | 200,000 | 500,000 | 100,000 | 0 | 1,900,000 | 400,000 | 100,000 | 200,000 | 400,000 | 5,900,000 | 0 | 200,000 | ||||||||||||||||||||||||||||||||||||||||
brand name impairment included in special charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exit of consolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from corporate life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
• | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
percent growth | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit margin | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general & administrative expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
percent of net sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax restructuring charges: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recorded in cost of goods sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction in operating income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax effect | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction in net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction in earnings per share—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from consolidated operations before income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effective tax rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2009 earnings per share—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increased operating income exclusive of restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in tax rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of significant tax accrual | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lower restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
higher income from unconsolidated operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lower interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of higher shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2010 earnings per share—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income, excluding restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income margin, excluding restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sg&a | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008 earnings per share—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increased operating income exclusive of restructuring and impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge recorded in 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in tax rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lower income from unconsolidated operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income, excluding restructuring and impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income margin, excluding restructuring and impairment charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
percent decrease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mccormick & company 2010 annual report page 23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impact of restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impact of impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted operating income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
% increase versus prior year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversai of significant tax accrual | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain related to lawry’s acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted earnings per share—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
page 24 mccormick & company 2010 annual report | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
number of shares of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dollar amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total dividends paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
percentage increase per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt-to-total-capital ratio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mccormick & company 2010 annual report page 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
currency sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
euro | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
british pound sterling | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
canadian dollar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
australian dollar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. dollar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
variable rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
year of maturity at november 30, 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
raw material purchase obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
electricity contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchase obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total contractual cash obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guarantees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
standby and trade letters of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total commercial commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
zatarain’s | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lawry’s | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
simply asia/thai kitchen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
alan d. wilson | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gordon m. stetz | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
kenneth a. kelly, jr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
page 34 mccormick & company 2010 annual report | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for the year ended november 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from consolidated operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share—basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at november 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade accounts receivable, less allowances of 2.9 for 2010 and 4.5 for 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, no par value; authorized 320.0 shares; issued and outstanding: 2010—12.5 shares, 2009—12.3 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock non-voting, no par value; authorized 320.0 shares; issued and outstanding: 2010—120.6 shares, 2009—119.5 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses and joint venture interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, november 30, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in derivative financial instruments, net of tax of 4.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized components of pension plans, net of tax of 7.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment for new tax accounting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares purchased and retired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued, including tax benefit of 14.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equal exchange | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, november 30, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in derivative financial instruments, net of tax of 1.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized components of pension plans, net of tax of 55.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment for new pension accounting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares retired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued, including tax benefit of 7.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, november 30, 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in derivative financial instruments, net of tax of 1.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized components of pension plans, net of tax of 3.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends attributable to non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued, including tax benefit of 17.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, november 30, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortizable intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-amortizable intangible assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brand names | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trademarks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total goodwill and intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase price allocation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency fluctuations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial paper | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average interest rate of short-term borrowings at year-end | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.80% medium-term notes due 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.25% medium-term notes due 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.20% medium-term notes due 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.75% medium-term notes due 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.63%–8.12% medium-term notes due 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unamortized discounts and fair value adjustments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less current portion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mccormick & company 2010 annual report page 43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
thereafter | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
as of november 30, 2009: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
terminated interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives related to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount rate—funded plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount rate—unfunded plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salary scale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expected return on plan assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of prior service costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognized net actuarial loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in benefit obligation: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit obligation at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments due to new measurement date: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service and interest cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit payments, employee contributions and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee contributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plan changes and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
actuarial loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefits paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net transfers in | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency impact | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit obligation at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of plan assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of plan assets at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit payments, employee contribu-tions and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
actual return on plan assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employer contributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of plan assets at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funded status | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension plans in which accumulated benefit obligation exceeded plan assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated benefit obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of plan assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid pension cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued pension liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset category | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed income securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed income securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s./government/corporate bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
high yield bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international/government/corporate bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other types of investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge fund of funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private equity funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mccormick & company 2010 annual report page 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2016–2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of (gains)/losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special termination benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefit expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
medicare prescription subsidy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plan amendments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other plan assumptions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trend rate assumption change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount rate change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
actuarial gain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other postretirement benefit liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect on total of service and interest cost components in 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect on benefit obligation as of november 30, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
granted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vested | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
forfeited | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding—end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
risk-free interest rates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend yield | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expected volatility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expected lives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercised | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercisable—end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
range of exercise price | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
17.00–24.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.34–31.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31.68–39.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
industrial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
state | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pretax income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
united states | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal statutory tax rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
state income taxes, net of federal benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international tax at different rates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. tax on remitted and unremitted earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. tax credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. manufacturing deduction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finalization of open tax years and changes in tax contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee benefit liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net operating and capital loss carryforwards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
valuation allowance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net deferred tax asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions for current year tax positions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions for prior year tax positions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reductions for prior year tax positions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
statute expirations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at november 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average shares outstanding—basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of dilutive securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average shares outstanding—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
antidilutive securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income excluding restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income excluding impairment and restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income, excluding impairment and restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-lived assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land and improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
machinery and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
software | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction-in-progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid allowances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payroll and employee benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales allowances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest capitalized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax where applicable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on foreign currency exchange contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unamortized value of settled interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other postretirement costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid per share— | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock and common stock non-voting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
market price—common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
high | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
low | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
market price—common stock non-voting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
percent increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common dividends declared | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
market non-voting closing price—end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
book value per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at year-end | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financial measures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
percentage of net sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common share repurchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt-to-total capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flow used in operating activities | -23,100,000 | -5,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock acquired by purchased | -50,300,000 |