Fair Value Measurements (Tables)

9 Months Ended

Aug. 28, 2020

The fair value of our financial assets and liabilities at August 28, 2020 was determined using the following inputs:


(in millions)	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	$	5	$	—	$	5	$	—

Money market mutual funds	2,937		2,937		—		—

Time deposits	85		85		—		—


Short-term investments:
Asset-backed securities	89		—		89		—
Corporate debt securities	1,395		—		1,395		—


Municipal securities	13		—		13		—



Prepaid expenses and other current assets:
Foreign currency derivatives	29		—		29		—

Other assets:
Deferred compensation plan assets	110		7		103		—

Total assets	$	4,663	$	3,029	$	1,634	$	—


Liabilities:
Accrued expenses:

Foreign currency derivatives	$	5	$	—	$	5	$	—

The fair value of our financial assets and liabilities at November 29, 2019 was determined using the following inputs:


(in millions)	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	$	46	$	—	$	46	$	—
Money market mutual funds	2,049		2,049		—		—

Time deposits	88		88		—		—

Short-term investments:
Asset-backed securities	89		—		89		—
Corporate debt securities	1,412		—		1,412		—


Municipal securities	18		—		18		—

U.S. Treasury securities	8		—		8		—
Prepaid expenses and other current assets:
Foreign currency derivatives	29		—		29		—
Other assets:
Deferred compensation plan assets	94		5		89		—

Total assets	$	3,833	$	2,142	$	1,691	$	—


Liabilities:
Accrued expenses:
Treasury lock derivatives	$	30	$	—	$	30	$	—
Foreign currency derivatives	3		—		3		—


Total liabilities	$	33	$	—	$	33	$	—