XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Feb. 24, 2013
Nov. 25, 2012
Nov. 27, 2011
Current Assets:      
Cash and cash equivalents $ 449,596 $ 406,134 $ 204,542
Trade receivables, net of allowance for doubtful accounts of $21,939, $20,738 and $22,684 398,990 500,672 654,903
Inventories:      
Raw materials 4,677 5,312 7,086
Work-in-process 5,788 9,558 9,833
Finished goods 561,583 503,990 594,483
Total inventories 572,048 518,860 611,402
Deferred tax assets, net 114,341 116,224 99,544
Other current assets 125,557 136,483 172,830
Total current assets 1,660,532 1,678,373 1,743,221
Property, plant and equipment, net of accumulated depreciation of $785,626, $782,766 and $731,859 451,027 458,807 502,388
Goodwill 240,499 239,971 240,970
Other intangible assets, net 57,126 59,909 71,818
Non-current deferred tax assets, net 615,075 612,916 613,161
Other non-current assets 122,570 120,101 107,997
Total assets 3,146,829 3,170,077 3,279,555
Current Liabilities:      
Short-term debt 81,424 59,759 154,747
Current maturities of capital leases 1,395 1,760 1,714
Accounts payable 246,277 225,726 204,897
Other accrued liabilities 219,398 263,575 256,316
Accrued salaries, wages and employee benefits 165,126 223,850 235,530
Accrued interest payable 30,068 5,471 9,679
Accrued income taxes 50,378 16,739 9,378
Total current liabilities 794,066 796,880 872,261
Long-term debt 1,598,270 1,669,452 1,817,625
Long-term capital leases 210 262 1,999
Postretirement medical benefits 138,316 140,958 140,108
Pension liability 471,030 492,396 427,422
Long-term employee related benefits 63,874 62,529 75,520
Long-term income tax liabilities 35,764 40,356 42,991
Other long-term liabilities 59,477 60,869 51,458
Total liabilities 3,161,007 3,263,702 3,429,384
Commitments and contingencies         
Temporary equity 10,102 7,883 7,002
Levi Strauss & Co. stockholders' deficit      
Common stock - $.01 par value; 270,000,000 shares authorized; 37,398,181 shares for the 2013 and 37,392,343 shares and 37,354,021 shares issued and outstanding for 2012 and 2011 respectively 374 374 374
Additional paid-in capital 32,582 33,365 29,266
Retained earnings 355,919 273,975 150,770
Accumulated other comprehensive loss (417,762) (414,635) (346,002)
Total Levi Strauss & Co. stockholders' deficit (28,887) (106,921) (165,592)
Noncontrolling interest 4,607 5,413 8,761
Total stockholders' deficit (24,280) (101,508) (156,831)
Total liabilities, temporary equity and stockholders' deficit $ 3,146,829 $ 3,170,077 $ 3,279,555