Debt

3 Months Ended

Feb. 27, 2022

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company's debt: 

	February 27, 2022		November 28, 2021
	(Dollars in thousands)
Long-term debt
3.375% senior notes due 2027	$	527,084	$	527,644
3.50% senior notes due 2031	493,415		493,056
Total long-term debt	$	1,020,499	$	1,020,700
Short-term debt
Short-term borrowings	4,227		5,862
Total debt	$	1,024,726	$	1,026,562

Senior Revolving Credit Facility

The Company's unused availability under the Credit Facility was $837.2 million at February 27, 2022, as the Company's total availability of $850.0 million was reduced by $12.8 million of letters of credit and other credit usage allocated under the Credit Facility.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended February 27, 2022 was 3.83%, as compared to 4.55% during the same period of 2021.