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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 23, 2020
Nov. 24, 2019
Current Assets:    
Cash and cash equivalents $ 1,353,042 $ 934,237
Short-term investments 72,279 80,741
Trade receivables, net of allowance for doubtful accounts of $17,437 and $6,172 543,257 782,846
Inventories:    
Raw materials 3,932 4,929
Work-in-process 4,091 3,319
Finished goods 936,311 875,944
Total inventories 944,334 884,192
Other current assets 169,004 188,170
Total current assets 3,081,916 2,870,186
Property, plant and equipment, net of accumulated depreciation of $1,071,260 and $1,054,267 447,869 529,558
Goodwill 263,692 235,788
Other intangible assets, net 48,624 42,782
Deferred tax assets, net 500,701 407,905
Operating lease right-of-use assets, net (Note 1) 985,497  
Other non-current assets 218,970 146,199
Total assets 5,547,269 4,232,418
Current Liabilities:    
Short-term debt 23,941 7,621
Accounts payable 461,501 360,324
Accrued salaries, wages and employee benefits 162,866 223,374
Restructuring liabilities (Note 6) 58,009 0
Accrued interest payable 23,832 5,350
Accrued income taxes 29,510 24,050
Accrued sales returns and allowances (Note 1) 172,149 171,113
Short-term operating lease liability (Note 1) 218,098  
Other accrued liabilities (Note 1) 424,272 375,372
Total current liabilities 1,574,178 1,167,204
Long-term debt 1,543,302 1,006,745
Postretirement medical benefits 59,294 64,006
Pension liability 174,183 193,214
Long-term employee related benefits 93,783 84,957
Long-term income tax liabilities 7,049 10,486
Long-term operating lease liability (Note 1) 852,366  
Other long-term liabilities 51,843 134,249
Total liabilities 4,355,998 2,660,861
Commitments and contingencies
Levi Strauss & Co. stockholders’ equity    
Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized, 65,810,175 shares and 53,079,235 shares issued and outstanding as of August 23, 2020 and November 24, 2019, respectively; and 422,000,000 Class B shares authorized, 331,312,315 shares and 340,674,741 shares issued and outstanding, as of August 23, 2020 and November 24, 2019, respectively 397 394
Additional paid-in capital 621,432 657,659
Accumulated other comprehensive loss (487,923) (404,986)
Retained earnings 1,057,365 1,310,464
Total Levi Strauss & Co. stockholders’ equity 1,191,271 1,563,531
Noncontrolling interest 0 8,026
Total stockholders’ equity 1,191,271 1,571,557
Total liabilities and stockholders’ equity $ 5,547,269 $ 4,232,418