XML 62 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
LONG-TERM DEBT AND REVOLVING CREDIT FACILITY - Narrative (Details)
1 Months Ended 2 Months Ended 3 Months Ended 6 Months Ended
Mar. 15, 2018
USD ($)
Jan. 25, 2018
USD ($)
Nov. 25, 2018
USD ($)
Oct. 25, 2018
USD ($)
Nov. 25, 2018
USD ($)
May 27, 2018
USD ($)
Feb. 25, 2018
USD ($)
Nov. 26, 2017
USD ($)
Nov. 25, 2018
USD ($)
Nov. 26, 2017
USD ($)
Nov. 27, 2022
Debt Instrument [Line Items]                      
Principal balance of senior notes repaid                 $ 3,061,300,000 $ 4,800,000  
Repayment of capital lease liability             $ 28,500,000        
Required minimum ratio of EBITDA to interest expense     3.0   3.0       3.0    
Ratio of funded debt to EBITDA (maximum)     5.875   5.875       5.875    
Impact of interest rate swap contracts designated as cash flow hedges         $ 200,000     $ (100,000) $ 200,000 (100,000)  
Proceeds from settlement of interest rate swaps                 (47,500,000) 0  
Pinnacle's Credit Agreement and Other Loans                      
Debt Instrument [Line Items]                      
Principal balance of senior notes repaid         2,400,000,000            
Capitalized debt issuance costs     $ 50,200,000   50,200,000       $ 50,200,000    
Net interest expense resulting from amortization of incurred costs         400,000            
0.50% floating rate notes due 2020                      
Debt Instrument [Line Items]                      
Aggregate principal amount               $ 500,000,000.0   $ 500,000,000.0  
0.50% floating rate notes due 2020 | Three-month LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate               0.50%      
Senior notes | 5.875% Senior Notes Due January 15, 2024                      
Debt Instrument [Line Items]                      
Principal balance of senior notes repaid         $ 350,000,000            
Stated interest rate     5.875%   5.875%       5.875%    
Cost of early retirement of debt         $ 3,900,000            
Unsecured Term Loan Facility | Term Loan                      
Debt Instrument [Line Items]                      
Proceeds from new Term Loan Facility         $ 1,300,000,000            
Unsecured Term Loan Facility | Term Loan | Base rate                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         0.50%            
Unsecured Term Loan Facility | Term Loan | One-month LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         1.00%            
Unsecured Term Loan Facility | Three-year Term Loans Maturing on October 26, 2021                      
Debt Instrument [Line Items]                      
Proceeds from new Term Loan Facility         $ 650,000,000            
Unsecured Term Loan Facility | Three-year Term Loans Maturing on October 26, 2021 | LIBOR                      
Debt Instrument [Line Items]                      
Debt Instrument, Term         3 years            
Unsecured Term Loan Facility | Five-year Term Loans Maturing on October 26, 2023                      
Debt Instrument [Line Items]                      
Proceeds from new Term Loan Facility         $ 650,000,000            
Unsecured Term Loan Facility | Five-year Term Loans Maturing on October 26, 2023 | LIBOR                      
Debt Instrument [Line Items]                      
Debt Instrument, Term         5 years            
Senior notes | New Senior Unsecured Notes                      
Debt Instrument [Line Items]                      
Aggregate principal amount     $ 7,025,000,000.000   $ 7,025,000,000.000       $ 7,025,000,000.000    
Senior notes | Floating Rate Senior Notes due October 22, 2020                      
Debt Instrument [Line Items]                      
Aggregate principal amount     $ 525,000,000.0   $ 525,000,000.0       $ 525,000,000.0    
Basis spread on variable interest rate         0.75%            
Senior notes | 3.8% Senior Notes due October 22, 2021                      
Debt Instrument [Line Items]                      
Stated interest rate     3.80%   3.80%       3.80%    
Aggregate principal amount     $ 1,200,000,000.0   $ 1,200,000,000.0       $ 1,200,000,000.0    
Senior notes | 4.3% Senior Notes due May 1, 2024                      
Debt Instrument [Line Items]                      
Stated interest rate     4.30%   4.30%       4.30%    
Aggregate principal amount     $ 1,000,000,000.0   $ 1,000,000,000.0       $ 1,000,000,000.0    
Senior notes | 4.6% Senior Notes due November 1, 2025                      
Debt Instrument [Line Items]                      
Stated interest rate     4.60%   4.60%       4.60%    
Aggregate principal amount     $ 1,000,000,000.0   $ 1,000,000,000.0       $ 1,000,000,000.0    
Senior notes | 4.85% Senior Notes due November 1, 2028                      
Debt Instrument [Line Items]                      
Stated interest rate     4.85%   4.85%       4.85%    
Aggregate principal amount     $ 1,300,000,000.0   $ 1,300,000,000.0       $ 1,300,000,000.0    
Senior notes | 5.3% Senior Notes due November 1, 2038                      
Debt Instrument [Line Items]                      
Stated interest rate     5.30%   5.30%       5.30%    
Aggregate principal amount     $ 1,000,000,000.0   $ 1,000,000,000.0       $ 1,000,000,000.0    
Senior notes | 5.4% Senior Notes due November 1, 2048                      
Debt Instrument [Line Items]                      
Stated interest rate     5.40%   5.40%       5.40%    
Aggregate principal amount     $ 1,000,000,000.0   $ 1,000,000,000.0       $ 1,000,000,000.0    
Senior notes | 2.1% senior notes due 2018                      
Debt Instrument [Line Items]                      
Principal balance of senior notes repaid $ 70,000,000                    
Stated interest rate 2.10%                    
Senior notes | 1.9% senior notes due 2018                      
Debt Instrument [Line Items]                      
Principal balance of senior notes repaid   $ 119,600,000                  
Stated interest rate   1.90%                  
The Facility                      
Debt Instrument [Line Items]                      
Maximum borrowing capacity     1,600,000,000.0   1,600,000,000.0       1,600,000,000.0    
Maximum additional borrowing capacity     2,100,000,000.0   2,100,000,000.0       2,100,000,000.0    
Outstanding borrowings under revolving credit facility     0   0       0    
Bridge Financing                      
Debt Instrument [Line Items]                      
Maximum borrowing capacity       $ 9,000,000,000.0              
Costs incurred in connection with bridge financing       45,700,000              
Net interest expense resulting from amortization of incurred costs     $ 33,800,000 $ 11,900,000 6,300,000            
Term Loan                      
Debt Instrument [Line Items]                      
Maximum borrowing capacity             $ 300,000,000        
Proceeds from line of credit           $ 300,000,000          
Scenario, Forecast                      
Debt Instrument [Line Items]                      
Ratio of funded debt to EBITDA (maximum)                     3.75
Interest Expense                      
Debt Instrument [Line Items]                      
Impact of interest rate swap contracts designated as cash flow hedges         200,000       $ 200,000    
Interest Rate Swap                      
Debt Instrument [Line Items]                      
Proceeds from settlement of interest rate swaps         $ 47,500,000            
Minimum | Unsecured Term Loan Facility | Three-year Term Loans Maturing on October 26, 2021 | LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         1.00%            
Minimum | Unsecured Term Loan Facility | Three-year Term Loans Maturing on October 26, 2021 | One-month LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         0.00%            
Minimum | Unsecured Term Loan Facility | Five-year Term Loans Maturing on October 26, 2023 | LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         1.125%            
Minimum | Unsecured Term Loan Facility | Five-year Term Loans Maturing on October 26, 2023 | One-month LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         0.125%            
Minimum | The Facility                      
Debt Instrument [Line Items]                      
Duration of additional extension terms available for credit facility                 1 year    
Maximum | Unsecured Term Loan Facility | Three-year Term Loans Maturing on October 26, 2021 | LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         1.625%            
Maximum | Unsecured Term Loan Facility | Three-year Term Loans Maturing on October 26, 2021 | One-month LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         0.625%            
Maximum | Unsecured Term Loan Facility | Five-year Term Loans Maturing on October 26, 2023 | LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         1.75%            
Maximum | Unsecured Term Loan Facility | Five-year Term Loans Maturing on October 26, 2023 | One-month LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable interest rate         0.75%            
Maximum | The Facility                      
Debt Instrument [Line Items]                      
Duration of additional extension terms available for credit facility                 2 years