XML 66 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements, Derivative Instruments and Hedging Activities - Estimated Carrying and Fair Values of Financial Instrument Assets and (Liabilities) Not Measured at Fair Value on Recurring Basis (Detail) (Financial Instruments Not Measured at Fair Value on a Recurring Basis, USD $)
In Millions, unless otherwise specified
Feb. 28, 2014
Nov. 30, 2013
Carrying Value
   
Assets    
Cash and cash equivalents $ 233 [1] $ 349 [1]
Long-term other assets 114 110
Total 347 459
Liabilities    
Total 9,610 9,560
Carrying Value | Fixed Rate
   
Liabilities    
Debt 5,508 [2] 5,574 [2]
Carrying Value | Floating Rate
   
Liabilities    
Debt 4,102 [2] 3,986 [2]
Fair Value | Level 1
   
Assets    
Cash and cash equivalents 233 [1] 349 [1]
Long-term other assets 1 1
Total 234 350
Fair Value | Level 2
   
Assets    
Long-term other assets 56 58
Total 56 58
Liabilities    
Total 9,987 9,938
Fair Value | Level 2 | Fixed Rate
   
Liabilities    
Debt 5,901 [2] 5,941 [2]
Fair Value | Level 2 | Floating Rate
   
Liabilities    
Debt 4,086 [2] 3,997 [2]
Fair Value | Level 3
   
Assets    
Long-term other assets 52 50
Total $ 52 $ 50
[1] Cash and cash equivalents are comprised of cash on hand, and at November 30, 2013, also include time deposits and, due to their short maturities, the carrying values approximate their fair values.
[2] The net difference between the fair value of our fixed rate debt and its carrying value was due to the market interest rates in existence at February 28, 2014 and November 30, 2013 being lower than the fixed interest rates on these debt obligations, including the impact of any changes in our credit ratings. At February 28, 2014 and November 30, 2013, the net difference between the fair value of our floating rate debt and its carrying value was due to the market interest rates in existence at February 28, 2014 and November 30, 2013, being higher and slightly lower, respectively, than the floating interest rates on these debt obligations, including the impact of any changes in our credit ratings. 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. The fair values of our other debt were estimated based on appropriate market interest rates being applied to this debt.