Commitments, Contingencies and Guarantees (Tables)
6 Months Ended
May 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments
The following table summarizes commitments associated with certain business activities at May 31, 2022 (in millions):

Expected Maturity Date (Fiscal Years)
 202220232024
and
2025
2026
and
2027
2028
and
Later
Maximum
Payout
Equity commitments (1)$292.6 $27.3 $2.4 $5.2 $168.3 $495.8 
Loan commitments (1)4.0 267.6 — 70.0 — 341.6 
Underwriting commitments
72.3 — — — — 72.3 
Forward starting reverse repos (2)
10,774.6 — — — — 10,774.6 
Forward starting repos (2)
5,632.5 — — — — 5,632.5 
Other unfunded commitments (1)— 109.0 346.1 — — 455.1 
Total$16,776.0 $403.9 $348.5 $75.2 $168.3 $17,771.9 

(1)Equity commitments, loan commitments and other unfunded commitments are generally presented by contractual maturity date. The amounts are however mostly available on demand.
(2)At May 31, 2022, all except $5.7 million within forward starting securities purchased under agreements to resell and all except $3.6 million of the forward starting securities sold under agreements to repurchase settled within three business days.
Schedule of Notional Amounts Associated with Derivative Contracts Meeting Definition of Guarantee
The following table summarizes the notional amounts associated with our derivative contracts meeting the definition of a guarantee under GAAP as of May 31, 2022 (in millions):

 Expected Maturity Date (Fiscal Years)
Guarantee Type202220232024
and
2025
2026
and
2027
2028
and
Later
Notional/
Maximum
Payout
Derivative contracts – non-credit related
$12,365.3 $9,290.1 $9,364.9 $1,619.7 $107.0 $32,747.0 
Written derivative contracts – credit related
— — 0.2 — — 0.2 
Total derivative contracts
$12,365.3 $9,290.1 $9,365.1 $1,619.7 $107.0 $32,747.2