Fair Value Measurements (Tables)

9 Months Ended

Aug. 30, 2019

Fair Value Disclosures [Abstract]

Financial assets and liabilities at fair value on a recurring basis

The fair value of our financial assets and liabilities at August 30, 2019 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 debt securities	$	113,191	$	—	$	113,191	$	—
Money market mutual funds	1,595,310		1,595,310		—		—
Time deposits	61,600		61,600		—		—
U.S. agency securities	1,700		—		1,700		—
Short-term investments:
Asset-backed securities	75,868		—		75,868		—
Corporate debt securities	1,312,619		—		1,312,619		—
Foreign government securities	2,399		—		2,399		—
Municipal securities	20,895		—		20,895		—
U.S. agency securities	22,005		—		22,005		—
U.S. Treasury securities	7,955		—		7,955		—
Prepaid expenses and other current assets:
Foreign currency derivatives	47,647		—		47,647		—
Other assets:
Deferred compensation plan assets	87,010		3,812		83,198		—
Total assets	$	3,348,199	$	1,660,722	$	1,687,477	$	—

Liabilities:
Accrued expenses:
Treasury lock derivatives	$	56,910	$	—	$	56,910	$	—
Foreign currency derivatives	3,882		—		3,882		—
Interest rate swap derivatives	471		—		471		—
Total liabilities	$	61,263	$	—	$	61,263	$	—

The fair value of our financial assets and liabilities at November 30, 2018 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:
Money market mutual funds	$	1,234,188	$	1,234,188	$	—	$	—
Time deposits	40,023		40,023		—		—
Short-term investments:
Asset-backed securities	41,508		—		41,508		—
Corporate debt securities	1,522,208		—		1,522,208		—
Foreign government securities	4,155		—		4,155		—
Municipal securities	18,316		—		18,316		—
Prepaid expenses and other current assets:
Foreign currency derivatives	44,259		—		44,259		—
Other assets:
Deferred compensation plan assets	68,988		3,895		65,093		—
Total assets	$	2,973,645	$	1,278,106	$	1,695,539	$	—

Liabilities:
Accrued expenses:
Foreign currency derivatives	$	816	$	—	$	816	$	—
Other liabilities:
Interest rate swap derivatives	9,744		—		9,744		—
Total liabilities	$	10,560	$	—	$	10,560	$	—