STOCK-BASED INCENTIVE COMPENSATION PLANS (Tables)

12 Months Ended

Nov. 27, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock appreciation rights award activity

SARs activity during the year ended November 27, 2016 was as follows:

	Service SARs							Performance-based SARs
	Units			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)		Units			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)
	(Units in thousands)
Outstanding at November 29, 2015		2,669		$	47.02		4.3		1,228		$	54.96		5.0
Granted		629			62.27				419			62.27
Exercised		(71	)		46.80				(45	)		42.44
Forfeited		(106	)		64.88				(92	)		68.32
Expired		(19	)		74.05				—			—
Canceled/Performance adjusted		—			—				(308	)		40.43
Outstanding at November 27, 2016		3,102		$	49.35		3.9		1,202		$	60.68		5.0
Vested and expected to vest at November 27, 2016		3,028		$	48.96		3.8		1,040		$	59.96		4.9
Exercisable at November 27, 2016		1,902		$	38.63		2.8		263		$	40.09		3.3

Stock appreciation rights, valuation assumptions

The weighted-average grant date fair values and corresponding weighted-average assumptions used in the Black-Scholes option valuation model were as follows:

	Service SARs Granted									Performance-based SARs Granted
	2016			2015			2014			2016			2015			2014
Weighted-average grant date fair value	$	15.74		$	18.24		$	14.62		$	15.94		$	18.73		$	15.75
Weighted-average assumptions:
Expected life (in years)		4.8			4.7			4.7			5.0			5.0			5.0
Expected volatility		36.4	%		31.8	%		31.8	%		36.3	%		31.8	%		33.1	%
Risk-free interest rate		1.1	%		1.2	%		1.5	%		1.1	%		1.3	%		1.6	%
Expected dividend		2.5	%		1.6	%		1.2	%		2.5	%		1.6	%		1.2	%

The weighted-average grant date fair value of SARs subject to market conditions was estimated using a Monte Carlo simulation model. The weighted-average grant date fair values and corresponding weighted-average assumptions used in the model were as follows:

	Performance-based SARs Granted
	2016			2015			2014
Weighted-average grant date fair value	$	20.56		$	21.41		$	22.63
Weighted-average assumptions:
Expected life (in years)		4.8			4.8			4.8
Expected volatility		36.5	%		30.1	%		33.0	%
Risk-free interest rate		1.5	%		1.6	%		2.2	%
Expected dividend		2.6	%		1.8	%		1.0	%

Restricted stock units award activity

RSUs. The Company grants RSUs to certain members of its Board. RSU activity during the year ended November 27, 2016 was as follows:

	Units			Weighted-Average Fair Value
	(Units in thousands)
Outstanding at November 29, 2015		66		$	58.51
Granted		23			67.95
Converted		(13	)		61.47
Outstanding, vested and expected to vest at November 27, 2016		76		$	60.90

Total shareholder return plan activity

Liability award activity during the year ended November 27, 2016 was as follows:

	PRSUs
	Units			Weighted- Average Exercise Price		Weighted- Average Fair Value At Period End
Outstanding at November 29, 2015		626		$	57.92	$	68.00
Granted		334			61.94
Vested		(245	)		38.40
Performance adjustment of PRSU		(6	)		111.34
Forfeited		(70	)		67.58
Outstanding at November 27, 2016		639		$	65.92	$	67.00
Expected to vest at November 27, 2016		560		$	66.09	$	67.00
Exercisable at November 27, 2016		—		$	—	$	—

Total shareholder return plan, valuation assumptions

The weighted-average assumptions used in the TSRPs Black-Scholes model were as follows:

	November 30, 2014
Weighted-average assumptions:
Expected life (in years)		0.1
Expected volatility		27.3	%
Risk-free interest rate		—
Expected dividend		1.2	%