Fair Value Measurements (Tables)

12 Months Ended

Nov. 29, 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 November 29, 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	$	45,704	$	—	$	45,704	$	—
Money market mutual funds	2,049,057		2,049,057		—		—
Time deposits	88,519		88,519		—		—
Short-term investments:
Asset-backed securities	88,721		—		88,721		—
Corporate debt securities	1,412,331		—		1,412,331		—
Municipal securities	17,709		—		17,709		—
U.S. Treasury securities	7,994		—		7,994		—
Prepaid expenses and other current assets:
Foreign currency derivatives	28,829		—		28,829		—
Other assets:
Deferred compensation plan assets	93,776		4,348		89,428		—
Total assets	$	3,832,640	$	2,141,924	$	1,690,716	$	—

    

Liabilities:
Accrued expenses:
Treasury lock derivatives	$	29,652	$	—	$	29,652	$	—
Foreign currency derivatives	2,671		—		2,671		—
Interest rate swap derivatives	208		—		208		—
Total liabilities	$	32,531	$	—	$	32,531	$	—

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	$	—