Debt (Tables)

3 Months Ended

Feb. 28, 2020

Debt Disclosure [Abstract]

Carrying value of outstanding debt

The carrying values of our borrowings as of February 28, 2020 and November 29, 2019 were as follows:

(dollars in millions)	Issuance Date	Due Date	Effective Interest Rate	February 28, 2020			November 29, 2019
4.75% 2020 Notes	February 2010	February 2020	4.92%	$	—		$	900
1.70% 2023 Notes	February 2020	February 2023	1.92%	500			—
1.90% 2025 Notes	February 2020	February 2025	2.07%	500			—
3.25% 2025 Notes	January 2015	February 2025	3.67%	1,000			1,000
2.15% 2027 Notes	February 2020	February 2027	2.26%	850			—
2.30% 2030 Notes	February 2020	February 2030	2.69%	1,300			—
Term Loan	October 2018	April 2020	2.47%	—			2,250
Total debt outstanding, at par				$	4,150		$	4,150
Less current portion of debt				—			(3,150		)
Unamortized discount and debt issuance costs				(37		)	(11		)
Carrying value of long-term debt				$	4,113		$	989
Current portion of debt, at par				$	—		$	3,150
Unamortized discount and debt issuance costs				—			(1		)
Carrying value of current debt				$	—		$	3,149