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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 30, 2021
Nov. 29, 2020
Current Assets:    
Cash and cash equivalents $ 1,224,080 $ 1,497,155
Short-term investments 94,528 96,531
Trade receivables, net 579,905 540,227
Inventories 863,360 817,692
Other current assets 208,160 174,636
Total current assets 2,970,033 3,126,241
Property, plant and equipment, net 447,519 454,532
Goodwill 266,775 264,768
Other intangible assets, net 47,142 47,426
Deferred tax assets, net 541,383 497,556
Operating lease right-of-use assets, net 988,614 988,801
Other non-current assets 283,195 261,917
Total assets 5,544,661 5,641,241
Current Liabilities:    
Short-term debt 9,225 17,631
Accounts payable 436,486 375,450
Accrued salaries, wages and employee benefits 208,312 179,081
Restructuring liabilities 44,592 54,723
Accrued income taxes 26,438 21,986
Accrued sales returns and allowances 187,560 185,868
Short-term operating lease liabilities 255,921 237,142
Other accrued liabilities 456,700 477,001
Total current liabilities 1,625,234 1,548,882
Long-term debt 1,263,827 1,546,700
Postretirement medical benefits 57,012 60,249
Pension liability 165,917 168,721
Long-term employee related benefits 101,941 94,654
Long-term operating lease liabilities 835,018 858,293
Other long-term liabilities 61,690 64,267
Total liabilities 4,110,639 4,341,766
Commitments and contingencies
Levi Strauss & Co. stockholders’ equity    
Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized, 90,069,823 shares and 74,352,481 shares issued and outstanding as of May 30, 2021 and November 29, 2020, respectively; and 422,000,000 Class B shares authorized, 311,670,618 shares and 323,547,674 shares issued and outstanding, as of May 30, 2021 and November 29, 2020, respectively 402 398
Additional paid-in capital 583,702 626,243
Accumulated other comprehensive loss (431,489) (441,446)
Retained earnings 1,281,407 1,114,280
Total stockholders’ equity 1,434,022 1,299,475
Total liabilities and stockholders’ equity $ 5,544,661 $ 5,641,241