XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 26, 2019
Nov. 25, 2018
Current Assets:    
Cash and cash equivalents $ 860,933 $ 713,120
Short-term investments 79,736 0
Trade receivables, net of allowance for doubtful accounts of $9,876 and $10,037 574,389 534,164
Inventories:    
Raw materials 5,275 3,681
Work-in-process 2,933 2,977
Finished goods 887,111 877,115
Total inventories 895,319 883,773
Other current assets 196,769 157,002
Total current assets 2,607,146 2,288,059
Property, plant and equipment, net of accumulated depreciation of $1,014,365 and $974,206 480,515 460,613
Goodwill 235,688 236,246
Other intangible assets, net 42,808 42,835
Deferred tax assets, net 414,620 397,791
Other non-current assets 128,616 117,116
Total assets 3,909,393 3,542,660
Current Liabilities:    
Short-term debt 11,481 31,935
Accounts payable 339,497 351,329
Accrued salaries, wages and employee benefits 164,788 298,990
Accrued interest payable 5,787 6,089
Accrued income taxes 34,579 15,466
Accrued Sales Commission 116,282 0
Other accrued liabilities 435,300 348,390
Total current liabilities 1,107,714 1,052,199
Long-term debt 1,011,119 1,020,219
Postretirement medical benefits 70,147 74,181
Pension liability 190,588 195,639
Long-term employee related benefits 79,517 107,556
Long-term income tax liabilities 11,339 9,805
Other long-term liabilities 117,716 116,462
Total liabilities 2,588,140 2,576,061
Commitments and contingencies
Temporary equity 0 299,140
Levi Strauss & Co. stockholders’ equity    
Common stock — $.001 par value; 1,200,000,000 Class A shares authorized, 42,166,667 shares and no shares issued and outstanding as of May 26, 2019 and November 25, 2018, respectively; and 422,000,000 Class B shares authorized, 350,332,920 shares and 376,028,430 shares issued and outstanding, as of May 26, 2019 and November 25, 2018, respectively 392 376
Additional paid-in capital 629,703 0
Accumulated other comprehensive loss (411,256) (424,584)
Retained earnings 1,094,666 1,084,321
Total Levi Strauss & Co. stockholders’ equity 1,313,505 660,113
Noncontrolling interest 7,748 7,346
Total stockholders’ equity 1,321,253 667,459
Total liabilities, temporary equity and stockholders’ equity $ 3,909,393 $ 3,542,660