The fair value of our financial assets and liabilities at June 1, 2012 was determined using the following inputs (in thousands):



	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate bonds and commercial paper	$	20,497	$	—	$	20,497	$	—
Money market mutual funds and repurchase agreements	570,920		570,920		—		—
Municipal securities	751		—		751		—
Time deposits	53,818		53,818		—		—
U.S. Treasury securities	9,608		—		9,608		—
Short-term investments:
Corporate bonds and commercial paper	1,020,826		—		1,020,826		—
Foreign government securities	6,772		—		6,772		—
Marketable equity securities	252		252		—		—
Municipal securities	121,114		—		121,114		—
U.S. agency securities	514,085		—		514,085		—
U.S. Treasury securities	383,830		—		383,830		—
Prepaid expenses and other current assets:
Foreign currency derivatives	42,533		—		42,533		—
Other assets:
Deferred compensation plan assets	13,328		364		12,964		—
Total assets	$	2,758,334	$	625,354	$	2,132,980	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	7,044	$	—	$	7,044	$	—
Total liabilities	$	7,044	$	—	$	7,044	$	—

The fair value of our financial assets and liabilities at December 2, 2011 was determined using the following inputs (in thousands):



	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate bonds and commercial paper	$	15,948	$	—	$	15,948	$	—
Money market mutual funds and repurchase agreements	687,152		687,152		—		—
Time deposits	15,694		15,694		—		—
U.S. agency securities	2,500		—		2,500		—
U.S. Treasury securities	7,000		—		7,000		—
Short-term investments:
Corporate bonds and commercial paper	1,111,537		—		1,111,537		—
Foreign government securities	7,323		—		7,323		—
Marketable equity securities	12,267		12,267		—		—
Municipal securities	106,355		—		106,355		—
U.S. agency securities	375,893		—		375,893		—
U.S. Treasury securities	308,817		—		308,817		—
Prepaid expenses and other current assets:
Foreign currency derivatives	25,362		—		25,362		—
Other assets:
Deferred compensation plan assets	12,803		523		12,280		—
Total assets	$	2,688,651	$	715,636	$	1,973,015	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	3,881	$	—	$	3,881	$	—
Total liabilities	$	3,881	$	—	$	3,881	$	—