Leases (Tables)

12 Months Ended

Nov. 29, 2020

Leases [Abstract]

Schedule of Operating Lease Liabilities

Amounts of future undiscounted cash flows related to operating lease payments over the lease term are as follows and are reconciled to the present value of the operating lease liabilities as recorded on the Company's consolidated balance sheets.

	November 29, 2020
	(Dollars in thousands)
2021	$	260,842
2022	225,130
2023	181,301
2024	143,155
2025	109,682
Thereafter	233,471
Total undiscounted future cash flows related to lease payments	1,153,581
Less: Interest	58,146
Present value of lease liabilities	$	1,095,435

Supplemental Cash and Non-Cash Information

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:

	November 29, 2020
Weighted-average remaining lease term (years)	5.8
Weighted-average discount rate	2.16	%

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

	November 29, 2020
	(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	237,265
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities (1)	$	151,345

_____________

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

Schedule of future minimum rental payments for operating leases

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