XML 90 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
ACCUMULATED OTHER COMPREHENSIVE LOSS
3 Months Ended 12 Months Ended
Mar. 01, 2015
Nov. 30, 2014
Equity [Abstract]    
ACCUMULATED OTHER COMPREHENSIVE LOSS
NOTE 9: ACCUMULATED OTHER COMPREHENSIVE LOSS

The following is a summary of the components of “Accumulated other comprehensive loss,” net of related income taxes:

 

     March 1,
2015
     November 30,
2014
 
     (Dollars in thousands)  

Pension and postretirement benefits

   $ (257,355    $ (261,454

Net investment hedge losses

     (21,634      (21,721

Foreign currency translation losses

     (96,838      (85,362

Unrealized gain on marketable securities

     2,304         2,234   
  

 

 

    

 

 

 

Accumulated other comprehensive loss

  (373,523   (366,303

Accumulated other comprehensive income attributable to noncontrolling interest

  9,014      9,037   
  

 

 

    

 

 

 

Accumulated other comprehensive loss attributable to Levi Strauss & Co.

$ (382,537 $ (375,340
  

 

 

    

 

 

 

No amounts were reclassified out of “Accumulated other comprehensive loss” into net income other than those that pertain to the Company’s pension and postretirement benefit plans. Please see Note 5 for additional information. These amounts are included in “Selling, general and administrative expenses” in the consolidated statements of income.

NOTE 16: ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive income (loss) is summarized below:

 

     Levi Strauss & Co.              
           Translation Adjustments     Unrealized
Gain (Loss) on
Marketable
Securities
                   
     Pension and
Postretirement
Benefits
    Net
Investment
Hedges
    Foreign
Currency
Translation
      Total     Noncontrolling
Interest
    Totals  
     (Dollars in thousands)  

Accumulated other comprehensive income (loss) at November 27, 2011

   $ (255,684   $ (28,693   $ (61,078   $ (547   $ (346,002   $ 10,869      $ (335,133
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross changes

  (119,450   16,070      (4,755   2,549      (105,586   (457   (106,043

Tax

  44,173      (6,230   (2   (988   36,953      —        36,953   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss), net of tax

  (75,277   9,840      (4,757   1,561      (68,633   (457   (69,090
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income (loss) at November 25, 2012

  (330,961   (18,853   (65,835   1,014      (414,635   10,412      (404,223
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross changes

  167,192      (12,786   4,797      411      159,614      (1,046   158,568   

Tax

  (63,003   4,940      1,214      (159   (57,008   —        (57,008
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss), net of tax

  104,189      (7,846   6,011      252      102,606      (1,046   101,560   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income (loss) at November 24, 2013

  (226,772   (26,699   (59,824   1,266      (312,029   9,366      (302,663
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross changes

  (53,323   13,404      (35,872   1,577      (74,214   (329   (74,543

Tax

  18,641      (8,426   1,297      (609   10,903      —        10,903   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss), net of tax

  (34,682   4,978      (34,575   968      (63,311   (329   (63,640
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income (loss) at November 30, 2014

$ (261,454 $ (21,721 $ (94,399 $ 2,234    $ (375,340 $ 9,037    $ (366,303
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

No amounts were reclassified out of “Accumulated other comprehensive loss” into net income other than those that pertain to the Company’s pension and postretirement benefit plans. Please see Note 8 for additional information. These amounts are included in “Selling, general and administrative expenses” in the consolidated statements of income.