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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Nov. 27, 2022
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 instruments and non-derivative instruments: 
 November 27, 2022November 28, 2021
 Assets(Liabilities)Derivative
Net Carrying
Value		Assets(Liabilities)Derivative
Net Carrying
Value
 Carrying
Value		Carrying
Value		Carrying
Value		Carrying
Value
 (Dollars in millions)
Derivatives designated as hedging instruments
Foreign exchange risk cash flow hedges(1)
$15.6 $— $15.6 $24.9 $— $24.9 
Foreign exchange risk cash flow hedges(2)
— (7.2)(7.2)— (2.0)(2.0)
Total$15.6 $(7.2)$24.9 $(2.0)
Derivatives not designated as hedging instruments
Forward foreign exchange contracts(1)
$21.5 $(15.6)$5.9 $27.5 $(24.9)$2.6 
Forward foreign exchange contracts(2)
7.2 (8.1)(0.9)2.0 (13.2)(11.2)
Total
$28.7 $(23.7)$29.5 $(38.1)
Non-derivatives designated as hedging instruments
Euro senior notes
$— $(494.5)$— $(532.3)
_____________
(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.
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:
November 27, 2022November 28, 2021
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 millions)
Foreign exchange risk contracts and forward foreign exchange contracts
Financial assets$44.3 $(14.6)$29.7 $54.4 $(10.2)$44.2 
Financial liabilities(30.9)14.6 (16.3)(40.1)10.2 (29.9)
Total$13.4 $14.3 
Gains and losses included in AOCI
The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as cash flow and net investment hedges included in "Accumulated other comprehensive loss" ("AOCL") on the Company’s consolidated balance sheets, and in "Other income (expense), net" in the Company’s consolidated statements of operations:
 Amount of Gain or (Loss)
Recognized in AOCL
(Effective Portion)
Amount of Gain (Loss) Reclassified
from AOCL into Net Income (Loss)(1)
 As of
November 27,
2022		As of
November 28,
2021		Year Ended
November 27,
2022		November 28,
2021		November 29,
2020
 (Dollars in millions)
Foreign exchange risk contracts$22.6 $24.3 $20.8 $(19.3)$13.2 
Realized forward foreign exchange swaps(2)
4.6 4.6 — — — 
Yen-denominated Eurobonds(19.8)(19.8)— — — 
Euro-denominated senior notes(7.4)(45.2)— — — 
Cumulative income taxes7.2 15.2 — — — 
Total$7.2 $(20.9)
_____________
(1)Amounts reclassified from AOCL were classified as net revenues or costs of goods sold on the consolidated statements of operations.
(2)Prior to and during 2005, the Company used foreign exchange currency swaps to hedge the net investment in its foreign operations. For hedges that qualified for hedge accounting, the net gains were included in AOCL and are not reclassified to earnings until the related net investment position has been liquidated.
Gains and losses included in statements of income
The table below presents the effects of the Company's cash flow hedges of foreign exchange risk contracts on the consolidated statements of operations:
Year ended
November 27,
2022		November 28,
2021		November 29,
2020
(Dollars in millions)
Amount of (Loss) Gain on Cash Flow Hedge Activity:
Net revenues$(1.3)$(4.3)$1.8 
Cost of goods sold22.1 (15.0)11.4 
The table below provides data about the amount of gains and losses related to derivative instruments included in "Other income (expense), net" in the Company’s consolidated statements of operations:
 Year Ended
 November 27,
2022		November 28,
2021		November 29,
2020
 (Dollars in millions)
Forward foreign exchange contracts:
Realized (loss) gain(1)
$(18.9)$(9.7)$8.0 
Unrealized gain (loss)(2)
11.3 (5.1)(5.7)
Total$(7.6)$(14.8)$2.3 
_____________
(1)The realized loss in fiscal year 2022 is primarily driven by losses on contracts to buy various currencies, mainly the Euro, as a result of the U.S. Dollar strengthening throughout the year against original contract rates. The realized loss in fiscal year 2021 is primarily driven by losses on contracts to buy various currencies, mainly the Euro, and losses on contracts to sell various currencies, in particular the British Pound, Canadian Dollar and Mexican Peso a result of the U.S. Dollar strengthening throughout the year against original contract rates. The realized gain in fiscal year 2020 is primarily driven by gains on contracts to buy various currencies, mainly the Euro, as a result of the U.S. Dollar weakening throughout the year against original contract rates.
(2)The unrealized gain in fiscal year 2022 is primarily driven by gains on contracts to buy various foreign currencies, mainly the Euro, as a result of the U.S. Dollar weakening against the original contract rates at year end. The unrealized loss in fiscal year 2021 is primarily driven by losses on contracts to buy various foreign currencies, mainly the Euro, Mexican Peso and Japanese Yen, as a result of the U.S. Dollar strengthening against the original contract rates at year end. The unrealized loss in fiscal year 2020 is primarily driven by losses on contracts to sell various foreign currencies, mainly the Euro, as a result of the U.S. Dollar weakening against the original contract rates at year end.