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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 24, 2020
Nov. 24, 2019
Current Assets:    
Cash and cash equivalents $ 1,448,235 $ 934,237
Short-term investments 76,078 80,741
Trade receivables, net of allowance for doubtful accounts of $26,344 and $6,172 333,599 782,846
Inventories:    
Raw materials 3,657 4,929
Work-in-process 3,679 3,319
Finished goods 978,887 875,944
Total inventories 986,223 884,192
Other current assets 208,218 188,170
Total current assets 3,052,353 2,870,186
Property, plant and equipment, net of accumulated depreciation of $1,034,094 and $1,054,267 446,292 529,558
Goodwill 259,187 235,788
Other intangible assets, net 49,862 42,782
Deferred tax assets, net 504,121 407,905
Operating lease right-of-use assets, net (Note 1) 974,710  
Other non-current assets 201,447 146,199
Total assets 5,487,972 4,232,418
Current Liabilities:    
Short-term debt 307,912 7,621
Accounts payable 284,354 360,324
Accrued salaries, wages and employee benefits 138,175 223,374
Restructuring liabilities (Note 6) 51,252 0
Accrued interest payable 7,065 5,350
Accrued income taxes 24,671 24,050
Accrued sales returns and allowances 172,782 171,113
Short-term operating lease liability (Note 1) 217,673  
Other accrued liabilities 388,528 375,372
Total current liabilities 1,592,412 1,167,204
Long-term debt 1,498,984 1,006,745
Postretirement medical benefits 60,819 64,006
Pension liability 174,700 193,214
Long-term employee related benefits 89,980 84,957
Long-term income tax liabilities 9,886 10,486
Long-term operating lease liability (Note 1) 839,632  
Other long-term liabilities 56,353 134,249
Total liabilities 4,322,766 2,660,861
Commitments and contingencies
Levi Strauss & Co. stockholders’ equity    
Common stock — $.001 par value; 1,200,000,000 Class A shares authorized, 63,216,618 shares and 53,079,235 shares issued and outstanding as of May 24, 2020 and November 24, 2019, respectively; and 422,000,000 Class B shares authorized, 333,147,968 shares and 340,674,741 shares issued and outstanding, as of May 24, 2020 and November 24, 2019, respectively 396 394
Additional paid-in capital 611,993 657,659
Accumulated other comprehensive loss (477,696) (404,986)
Retained earnings 1,030,513 1,310,464
Total Levi Strauss & Co. stockholders’ equity 1,165,206 1,563,531
Noncontrolling interest 0 8,026
Total stockholders’ equity 1,165,206 1,571,557
Total liabilities and stockholders’ equity $ 5,487,972 $ 4,232,418