Debt

9 Months Ended

Aug. 28, 2022

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company's debt: 

	August 28, 2022		November 28, 2021
	(Dollars in thousands)
Long-term debt
3.375% senior notes due 2027	$	469,777	$	527,644
3.50% senior notes due 2031	493,728		493,056
Total long-term debt	$	963,505	$	1,020,700
Short-term debt
Short-term borrowings	8,324		5,862
Total debt	$	971,829	$	1,026,562

Senior Revolving Credit Facility

The Company's unused availability under the Credit Facility was $837.5 million at August 28, 2022, as the Company's total availability of $850.0 million was reduced by $12.5 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 and nine months ended August 28, 2022 was 3.93% and 3.92%, respectively, as compared to 4.12% and 4.34%, respectively, during the same periods of 2021.