Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Nov. 25, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Carrying values of derivative instruments and non-derivative instruments

The table below provides data about the carrying values of derivative instruments and non-derivative instruments:

	November 25, 2012								November 27, 2011
	Assets		(Liabilities)			Derivative Net Carrying Value			Assets		(Liabilities)			Derivative Net Carrying Value
	Carrying Value		Carrying Value						Carrying Value		Carrying Value
	(Dollars in thousands)
Derivatives not designated as hedging instruments
Forward foreign exchange contracts(1)	$	7,131	$	(1,339	)	$	5,792		$	31,906	$	(5,914	)	$	25,992
Forward foreign exchange contracts(2)	5,183		(8,201		)	(3,018		)	4,547		(9,803		)	(5,256		)
Total	$	12,314	$	(9,540	)				$	36,453	$	(15,717	)
Non-derivatives designated as hedging instruments
4.25% Yen-denominated Eurobonds due 2016	$	—	$	(28,135	)				$	—	$	(46,115	)
7.75% Euro senior notes due 2018	—		(386,520		)				—		(400,350		)
Total	$	—	$	(414,655	)				$	—	$	(446,465	)

_____________

(1) Included in “Other current assets” or “Other non-current assets” on the Company’s consolidated balance sheets.

(2) Included in “Other accrued liabilities” on the Company’s consolidated balance sheets.

Gains and losses included in AOCI

The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as net investment hedges included in “Accumulated other comprehensive loss” (“AOCI”) on the Company’s consolidated balance sheets, and in “Other income (expense), net” in the Company’s consolidated statements of income:

	Gain or (Loss) Recognized in AOCI (Effective Portion)						Gain or (Loss) Recognized in Other Income (Expense), net (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	As of			As of			Year Ended
	November 25, 2012			November 27, 2011			November 25, 2012		November 27, 2011			November 28, 2010
	(Dollars in thousands)
Forward foreign exchange contracts	$	4,637		$	4,637
4.25% Yen-denominated Eurobonds due 2016	(26,285		)	(28,525		)	$	3,474	$	(5,033	)	$	2,254
7.75% Euro senior notes due 2018	(9,451		)	(23,281		)	—		—			—
Cumulative income taxes	12,246			18,476
Total	$	(18,853	)	$	(28,693	)

Gains and losses included in statements of income

The table below provides data about the amount of gains and losses related to derivatives not designated as hedging instruments included in “Other income (expense), net” in the Company’s consolidated statements of income:

	Gain or (Loss)
	Year Ended
	November 25, 2012			November 27, 2011			November 28, 2010
	(Dollars in thousands)
Forward foreign exchange contracts:
Realized	$	8,508		$	(9,548	)	$	(16,342	)
Unrealized	(17,952		)	24,858			10,163
Total	$	(9,444	)	$	15,310		$	(6,179	)