Debt

3 Months Ended

Feb. 26, 2023

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company's debt: 

	February 26, 2023		November 27, 2022
	(Dollars in millions)
Long-term debt
Unsecured:
3.375% senior notes due 2027	$	499.6	$	490.6
3.50% senior notes due 2031	494.0		493.9
Total long-term debt	$	993.6	$	984.5
Short-term debt
Secured:
Senior revolving credit facility	$	150.0	$	—
Unsecured:
Short-term borrowings	12.0		11.7
Total short-term debt	$	162.0	$	11.7
Total debt	$	1,155.6	$	996.2

Senior Revolving Credit Facility

The Company's unused availability under the Credit Facility was $835.1 million at February 26, 2023, as the Company's total availability of $850.0 million was reduced by $14.9 million of letters of credit and other credit usage allocated under the Credit Facility. On February 27, 2023, subsequent to quarter end, the Company borrowed an additional $50.0 million under its Credit Facility for total outstanding $200.0 million.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended February 26, 2023 was 3.86%, as compared to 3.83% during the same period of 2022.