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Fair Value Measurements, Derivative Instruments and Hedging Activities and Financial Risk (Tables)
 12 Months Ended
Nov. 30, 2021
Fair Value Disclosures [Abstract]  
Financial Instruments that are Not Measured at Fair Value on a Recurring Basis Financial Instruments that are not Measured at Fair Value on a Recurring Basis
 November 30, 2021November 30, 2020
 Carrying
Value		Fair ValueCarrying
Value		Fair Value
(in millions)Level 1Level 2Level 3Level 1Level 2Level 3
Liabilities
Fixed rate debt (a)$19,555 $— $19,013 $— $15,547 $— $16,258 $— 
Floating rate debt (a)14,415 — 13,451 — 12,034 — 11,412 — 
Total$33,970 $— $32,463 $— $27,581 $— $27,670 $— 
(a)The debt amounts above do not include the impact of interest rate swaps or debt issuance costs. The fair values of our publicly-traded notes were based on their unadjusted quoted market prices in markets that are not sufficiently active to be Level 1 and, accordingly, are considered Level 2. The fair values of our other debt were estimated based on current market interest rates being applied to this debt.
Financial Instruments that are Measured at Fair Value on a Recurring Basis Financial Instruments that are Measured at Fair Value on a Recurring Basis
 November 30, 2021November 30, 2020
(in millions)Level 1Level 2Level 3Level 1Level 2Level 3
Assets
Cash and cash equivalents$8,939 $— $— $9,513 $— $— 
Restricted cash38 — — 179 — — 
Short-term investments (a)200 — — — — — 
Derivative financial instruments— 1 — — — — 
Total$9,177 $1 $— $9,692 $— $— 
Liabilities
Derivative financial instruments$— $13 $— $— $10 $— 
Total$— $13 $— $— $10 $— 
(a)Short-term investments consist of marketable securities with original maturities of between three and twelve months.
Reconciliation of Changes in Carrying Amounts of Goodwill
Goodwill
(in millions)NAA SegmentEA SegmentTotal
At November 30, 2019$1,898 $1,014 $2,912 
Impairment charge(1,319)(777)(2,096)
Exchange movements— (9)(9)
At November 30, 2020579 228 807 
Impairment charges— (226)(226)
Exchange movements— (2)(2)
At November 30, 2021$579 $— $579 
Reconciliation of Changes in Carrying Amounts of Trademarks
Trademarks
(in millions)NAA SegmentEA SegmentTotal
At November 30, 2019$927 $240 $1,167 
Exchange movements— 13 13 
At November 30, 2020927 253 1,180 
Exchange movements— (5)(5)
At November 30, 2021$927 $248 $1,175 
Schedule of Impairment Charges Included in Other Operating Expenses
The impairment charges summarized in the table below are included in ship and other impairments in our Consolidated Statements of Income (Loss).

 November 30,
(in millions)20212020
NAA Segment$273 $1,474 
EA Segment318 319 
Total ship impairments$591 $1,794 
Estimated Fair Values of Derivative Financial Instruments and Location on Consolidated Balance Sheets
  November 30,
(in millions)Balance Sheet Location20212020
Derivative assets
Derivatives designated as hedging instruments
Cross currency swaps (a)Prepaid expenses and other$1 $— 
Total derivative assets$1 $— 
Derivative liabilities
Derivatives designated as hedging instruments
Cross currency swaps (a)Other long-term liabilities$8 $— 
Interest rate swaps (b)Accrued liabilities and other3 5 
Other long-term liabilities2 5 
Total derivative liabilities$13 $10 
 
(a)At November 30, 2021, we had a cross currency swap totaling $201 million that is designated as a hedge of our net investment in foreign operations with a euro-denominated functional currency. At November 30, 2021, this cross currency swap settles through 2028. At November 30, 2020, we had no cross currency swaps.
(b)We have interest rate swaps designated as cash flow hedges whereby we receive floating interest rate payments in exchange for making fixed interest rate payments. These interest rate swap agreements effectively changed $160 million at November 30, 2021 and $248 million at November 30, 2020 of EURIBOR-based floating rate euro debt to fixed rate euro debt. At November 30, 2021, these interest rate swaps settle through 2025.
Offsetting Derivative Instruments Our derivative contracts include rights of offset with our counterparties. We have elected to net certain of our derivative assets and liabilities within counterparties.
November 30, 2021
(in millions)Gross AmountsGross Amounts Offset in the Balance SheetTotal Net Amounts Presented in the Balance SheetGross Amounts not Offset in the Balance SheetNet Amounts
Assets$1 $— $1 $— $1 
Liabilities$13 $— $13 $— $13 
November 30, 2020
(in millions)Gross AmountsGross Amounts Offset in the Balance SheetTotal Net Amounts Presented in the Balance SheetGross Amounts not Offset in the Balance SheetNet Amounts
Assets$— $— $— $— $— 
Liabilities$10 $— $10 $— $10 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) The effect of our derivatives qualifying and designated as hedging instruments recognized in other comprehensive income (loss) and in net income (loss) was as follows:
 November 30,
(in millions)202120202019
Gains (losses) recognized in AOCI:
Cross currency swaps – net investment hedges - included component$(1)$131 $43 
Cross currency swaps – net investment hedges - excluded component$(6)$(1)$1 
Foreign currency zero cost collars – cash flow hedges$— $1 $(1)
Foreign currency forwards - cash flow hedges$— $53 $— 
Interest rate swaps – cash flow hedges$5 $6 $3 
Gains (losses) reclassified from AOCI – cash flow hedges:
Interest rate swaps – Interest expense, net of capitalized interest$(5)$(6)$(7)
Foreign currency zero cost collars - Depreciation and amortization$2 $1 $1 
Gains (losses) recognized on derivative instruments (amount excluded from effectiveness testing – net investment hedges)
Cross currency swaps – Interest expense, net of capitalized interest$— $12 $23