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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
May 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Carrying values of derivative instruments and non-derivative instruments
The table below provides data about the carrying values of derivative and non-derivative instruments: 
 May 30, 2021November 29, 2020
 Assets(Liabilities)Derivative
Net Carrying
Value		Assets(Liabilities)Derivative
Net Carrying
Value
 Carrying
Value		Carrying
Value		Carrying
Value		Carrying
Value
 (Dollars in thousands)
Derivatives designated as hedging instruments
Foreign exchange risk cash flow hedges(1)
$2,144 $— $2,144 $1,489 $— $1,489 
Foreign exchange risk cash flow hedges(2)
— (11,287)(11,287)— (5,036)(5,036)
Total
$2,144 $(11,287)$1,489 $(5,036)
Derivatives not designated as hedging instruments
Forward foreign exchange contracts(1)
$4,132 $(2,144)$1,988 $4,902 $(1,487)$3,415 
Forward foreign exchange contracts(2)
11,307 (17,844)(6,537)5,035 (10,734)(5,699)
Total
$15,439 $(19,988)$9,937 $(12,221)
Non-derivatives designated as hedging instruments
Euro senior notes
$— $(579,168)$— $(565,820)
_____________
(1)Included in "Other current assets" or "Other non-current assets" on the Company’s consolidated balance sheets.
(2)Included in "Other accrued liabilities" or "Other long-term liabilities" on the Company’s consolidated balance sheets.
Offsetting assets and liabilities
The Company's over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis; however, the Company records the fair value on a gross basis on its consolidated balance sheets based on maturity dates, including those subject to master netting arrangements. The table below presents the gross and net amounts of these contracts recognized on the Company's consolidated balance sheets by type of financial instrument:
May 30, 2021November 29, 2020
Gross Amounts of Assets / (Liabilities)
Presented in the Balance Sheet		Gross Amounts
Not Offset in the Balance Sheet		Net Amounts
of Assets / (Liabilities)		Gross Amounts of Assets / (Liabilities)
Presented in the Balance Sheet		Gross Amounts
Not Offset in the Balance Sheet		Net Amounts
of Assets / (Liabilities)
(Dollars in thousands)
Foreign exchange risk contracts and forward foreign exchange contracts
Financial assets$17,583 $(8,148)$9,435 $11,426 $(6,578)$4,848 
Financial liabilities(31,275)8,148 (23,127)(17,257)6,578 (10,679)
Total$(13,692)$(5,831)
Gains and losses included in AOCI
The table below provides data about the amount of gains and losses related to derivative instruments designated as cash flow hedges and non-derivative instruments designated as net investment hedges included in "Accumulated other comprehensive loss" ("AOCI") on the Company’s consolidated balance sheets:
 Amount of Gain (Loss)
Recognized in AOCI
(Effective Portion)
Amount of Gain (Loss) Reclassified from
 AOCI into Net Income(1)
 As of
May 30,
2021		As of
November 29,
 2020		Three Months EndedSix Months Ended
May 30,
2021		May 24,
2020		May 30,
2021		May 24,
2020
 (Dollars in thousands)
Foreign exchange risk contracts$(11,283)$(11,896)$(9,216)$2,358 $(11,094)$5,423 
Realized forward foreign exchange swaps (2)
4,637 4,637 — — — — 
Yen-denominated Eurobonds(19,811)(19,811)— — — — 
Euro-denominated senior notes(92,084)(78,736)— — — — 
Cumulative income taxes33,040 31,350 — — — — 
Total$(85,501)$(74,456)
_____________
(1)Amounts reclassified from AOCI were classified as net revenues and cost of goods sold on the consolidated statements of operations.
(2)Prior to and during 2005, the Company used foreign exchange currency swaps to hedge the net investment in its foreign operations. For hedges that qualified for hedge accounting, the net gains were included in AOCI and are not reclassified to earnings until the related net investment position has been liquidated.
Gains and losses included in statements of income
The table below presents the effects of the Company's cash flow hedges of foreign exchange risk contracts on the consolidated statements of operations:
Three Months EndedSix Months Ended
May 30,
2021		May 24,
2020		May 30,
2021		May 24,
2020
(Dollars in thousands)
Amount of Gain (Loss) on Cash Flow Hedge Activity
Net revenues$(1,529)$(350)$(586)$(1,595)
Cost of goods sold$(7,687)$2,708 $(10,508)$7,018 
The table below provides data about the amount of gains and losses related to derivatives instruments included in "Other (expense) income, net" in the Company's consolidated statements of operations:
 Three Months EndedSix Months Ended
 May 30,
2021		May 24,
2020		May 30,
2021		May 24,
2020
 (Dollars in thousands)
Realized (loss) gain$(1,051)$14,521 $698 $11,088 
Unrealized (loss) gain(1,043)8,026 (2,425)9,738 
Total$(2,094)$22,547 $(1,727)$20,826