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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 23, 2020
Nov. 24, 2019
Current Assets:    
Cash and cash equivalents $ 873,564 $ 934,237
Short-term investments 83,978 80,741
Trade receivables, net of allowance for doubtful accounts of $5,835 and $6,172 709,989 782,846
Inventories:    
Raw materials 5,152 4,929
Work-in-process 3,683 3,319
Finished goods 845,866 875,944
Total inventories 854,701 884,192
Other current assets 222,767 188,170
Total current assets 2,744,999 2,870,186
Property, plant and equipment, net of accumulated depreciation of $1,073,020 and $1,054,267 460,679 529,558
Goodwill 259,534 235,788
Other intangible assets, net 50,761 42,782
Deferred tax assets, net 416,390 407,905
Operating lease right-of-use assets, net (Note 1) 1,026,486  
Other non-current assets 156,394 146,199
Total assets 5,115,243 4,232,418
Current Liabilities:    
Short-term debt 19,341 7,621
Accounts payable 304,207 360,324
Accrued salaries, wages and employee benefits 186,233 223,374
Accrued interest payable 15,911 5,350
Accrued income taxes 32,994 24,050
Accrued sales returns and allowances 185,830 171,113
Short-term operating lease liability (Note 1) 212,504  
Other accrued liabilities 334,491 375,372
Total current liabilities 1,291,511 1,167,204
Long-term debt 994,392 1,006,745
Postretirement medical benefits 62,178 64,006
Pension liability 179,965 193,214
Long-term employee related benefits 94,597 84,957
Long-term income tax liabilities 10,823 10,486
Long-term operating lease liability (Note 1) 850,429  
Other long-term liabilities 36,519 134,249
Total liabilities 3,520,414 2,660,861
Commitments and contingencies
Levi Strauss & Co. stockholders’ equity    
Common stock — $.001 par value; 1,200,000,000 Class A shares authorized, 63,991,842 shares and 53,079,235 shares issued and outstanding as of February 23, 2020 and November 24, 2019, respectively; and 422,000,000 Class B shares authorized, 335,136,502 shares and 340,674,741 shares issued and outstanding, as of February 23, 2020 and November 24, 2019, respectively 399 394
Additional paid-in capital 601,976 657,659
Accumulated other comprehensive loss (452,734) (404,986)
Retained earnings 1,445,188 1,310,464
Total Levi Strauss & Co. stockholders’ equity 1,594,829 1,563,531
Noncontrolling interest 0 8,026
Total stockholders’ equity 1,594,829 1,571,557
Total liabilities and stockholders’ equity $ 5,115,243 $ 4,232,418