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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Feb. 26, 2017
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: 
 
February 26, 2017
 
November 27, 2016
 
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)
$
17,002

 
$
(7,556
)
 
$
9,446

 
$
30,160

 
$
(6,893
)
 
$
23,267

Forward foreign exchange contracts(2)
4,614

 
(15,457
)
 
(10,843
)
 
1,481

 
(7,014
)
 
(5,533
)
Total
$
21,616

 
$
(23,013
)
 
 
 
$
31,641

 
$
(13,907
)
 
 
_____________
 
(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.
Offsetting assets and liabilities
The Company's over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis and are offset accordingly. The table below presents the gross and net amounts of these contracts recognized on the Company's consolidated balance sheets by type of financial instrument:
 
February 26, 2017
 
November 27, 2016
 
Gross Amounts of Recognized Assets / (Liabilities)
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position
 
Gross Amounts of Recognized Assets / (Liabilities)
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position
 
 
 
 
 
 
(Dollars in thousands)
Over-the-counter forward foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
Financial assets
$
16,847

 
$
(12,169
)
 
$
4,678

 
$
29,240

 
$
(8,374
)
 
$
20,866

Financial liabilities
(19,679
)
 
12,169

 
(7,510
)
 
(10,365
)
 
8,374

 
(1,991
)
Total
 
 
 
 
$
(2,832
)
 
 
 
 
 
$
18,875

Embedded derivative contracts
 
 
 
 
 
 
 
 
 
 
 
Financial assets
$
4,768

 
$
—

 
$
4,768

 
$
2,401

 
$
—

 
$
2,401

Financial liabilities
(3,333
)
 
—

 
(3,333
)
 
(3,542
)
 
—

 
(3,542
)
Total
 
 
 
 
$
1,435

 
 
 
 
 
$
(1,141
)
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
 
Three Months Ended
February 26,
2017
November 27,
2016
February 26,
2017
 
February 28,
2016
 
(Dollars in thousands)
Forward foreign exchange contracts
$
4,637

 
$
4,637

 
 
 
 
Yen-denominated Eurobonds
(19,811
)
 
(19,811
)
 
$
—

 
$
(2,103
)
Euro senior notes
(15,751
)
 
(15,751
)
 
 
 
 
Cumulative income taxes
12,168

 
12,168

 
 
 
 
Total
$
(18,757
)
 
$
(18,757
)
 
 
 
 
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:
 
Three Months Ended
 
February 26,
2017
 
February 28,
2016
 
 
Forward foreign exchange contracts:
 
 
 
Realized gain
$
9,076

 
$
12,967

Unrealized loss
(19,320
)
 
(9,231
)
Total
$
(10,244
)
 
$
3,736