Long-Term Debt (Tables)

12 Months Ended

Nov. 30, 2017

Debt Disclosure [Abstract]

Summary of Long-Term Debt

The following summarizes our long-term debt carrying values (including unamortized discounts and premiums, valuation adjustments and debt issuance costs, where applicable) (in thousands):

		Effective Interest Rate	November 30,
	Maturity		2017		2016
Unsecured long-term debt
5.125% Senior Notes	April 13, 2018	3.46%	682,338		817,813
8.500% Senior Notes	July 15, 2019	4.00%	728,872		778,367
2.375% Euro Medium Term Notes	May 20, 2020	2.42%	593,334		528,250
6.875% Senior Notes	April 15, 2021	4.40%	808,157		823,797
2.250% Euro Medium Term Notes	July 13, 2022	4.08%	4,389		3,848
5.125% Senior Notes	January 20, 2023	4.55%	615,703		618,355
4.850% Senior Notes (1)	January 15, 2027	4.93%	736,357		—
6.450% Senior Debentures	June 8, 2027	5.46%	375,794		377,806
3.875% Convertible Senior Debentures (2)	November 1, 2029	3.50%	324,779		346,187
6.250% Senior Debentures	January 15, 2036	6.03%	512,040		512,396
6.500% Senior Notes	January 20, 2043	6.09%	420,990		421,333
Structured notes (3) (4)	Various	Various	614,091		255,203
Total long-term debt			$	6,416,844	$	5,483,355

(1) These senior notes with a principal amount of $750.0 million were issued on January 17, 2017. The carrying value includes a decrease of $8.1 million associated with an interest rate swap based on its designation as a fair value hedge. See Note 2, Summary of Significant Accounting Policies, and Note 5, Derivative Financial Instruments, for further information.

(2) The change in fair value of the conversion feature embedded in the debentures, which is included in Principal transaction revenues in our Consolidated Statements of Earnings, was not material for the years ended November 30, 2017, 2016 and 2015.

(3) The carrying value includes $607.0 million and $248.9 million of notes carried at fair value at November 30, 2017 and 2016, respectively. These structured notes contain various interest rate payment terms and are accounted for at fair value, with changes in fair value resulting from a change in the instrument-specific credit risk presented in other comprehensive income and changes in fair value resulting from non-credit components recognized in Principal transaction revenues. A weighted average coupon rate is not meaningful, as substantially all of the structured notes are carried at fair value.

(4) Of the $614.1 million of structured notes at November 30, 2017, $7.1 million matures in 2018, $6.0 million matures in 2019, $25.0 million matures in 2022 and the remaining $576.0 million matures in 2024 or thereafter.