Leases (Tables)

6 Months Ended

May 24, 2020

Leases [Abstract]

Schedule of Operating Lease Liabilities

	May 24, 2020
	(Dollars in thousands)
2020	$	127,984
2021	225,422
2022	191,968
2023	154,678
2024	125,629
Thereafter	304,856
Total undiscounted future cash flows related to lease payments	1,130,537
Less: Interest	73,232
Present value of lease liabilities	$	1,057,305

Assets And Liabilities, Lessee

The following table includes the weighted average remaining lease terms, in years, and the weighted average discount rate used to calculate the present value of operating lease liabilities:

	May 24, 2020
Weighted-average remaining lease term (years)	6.1
Weighted-average discount rate	2.30	%

Supplemental Cash and Non-Cash Information

The table below includes supplemental cash and non-cash information related to operating leases:

	May 24, 2020
Cash paid for amounts included in the measurement of lease liabilities:	(Dollars in thousands)
Operating cash outflows from operating leases	$	115,826
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities (1)	$	70,335

_____________

(1) Excludes the amount initially capitalized in conjunction with the adoption of Topic 842.

Schedule of Operating Lease and Financing Obligations

Amounts of minimum future annual commitments under non-cancelable operating leases and lease financing obligations in accordance with Topic 840 were as follows:

	November 24, 2019
	(Dollars in thousands)
2020	$	234,092
2021	203,483
2022	174,536
2023	140,278
2024	111,176
Thereafter	284,114
Total undiscounted future cash flows related to lease payments	$	1,147,679