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ACCUMULATED OTHER COMPREHENSIVE LOSS
3 Months Ended 12 Months Ended
Feb. 26, 2017
Nov. 27, 2016
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:

 

     February 26,
2017
     November 27,
2016
 
     (Dollars in thousands)  

Pension and postretirement benefits

   $ (249,704    $ (252,027

Net investment hedge losses

     (18,757      (18,757

Foreign currency translation losses

     (142,439      (149,065

Unrealized gains on marketable securities

     2,583        1,968  
  

 

 

    

 

 

 

Accumulated other comprehensive loss

     (408,317      (417,881

Accumulated other comprehensive income attributable to noncontrolling interest

     9,241        9,433  
  

 

 

    

 

 

 

Accumulated other comprehensive loss attributable to Levi Strauss & Co.

   $ (417,558    $ (427,314
  

 

 

    

 

 

 

 

No material 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 Company’s consolidated statements of income.

NOTE 16: ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive income (loss) is summarized below:

 

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

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
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross changes

    38,785       385       (28,719     (575     9,876       (72     9,804  

Tax

    (13,671     3,089       (3,241     221       (13,602     —         (13,602
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss), net of tax

    25,114       3,474       (31,960     (354     (3,726     (72     (3,798
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income (loss) at November 29, 2015

    (236,340     (18,247     (126,359     1,880       (379,066     8,965       (370,101
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross changes

    (22,925     (829     (30,848     143       (54,459     468       (53,991

Tax

    7,238       319       (1,291     (55     6,211       —         6,211  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss), net of tax

    (15,687     (510     (32,139     88       (48,248     468       (47,780
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income (loss) at November 27, 2016

  $ (252,027   $ (18,757   $ (158,498   $ 1,968     $ (427,314   $ 9,433     $ (417,881
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

No material 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 Company’s consolidated statements of income.