RESTRUCTURING (Tables)

12 Months Ended

Nov. 27, 2016

Restructuring and Related Activities [Abstract]

Components of Charges Included in Restructuring, net

The table below summarizes the components of charges included in “Restructuring, net” in the Company’s consolidated statements of income:

	Year Ended
	November 27, 2016			November 29, 2015			November 30, 2014
	(Dollars in thousands)
Restructuring, net:
Severance and employee-related benefits(1)	$	1,963		$	14,819		$	104,398
Adjustments to severance and employee-related benefits		(1,789	)		(4,182	)		(5,697	)
Other(2)		311			2,776			26,377
Noncash pension and postretirement curtailment (gains) losses, net(3)		(173	)		658			3,347
Total	$	312		$	14,071		$	128,425

(1) Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative.

(2) Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative.

(3) Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in “Pension liability” and “Postretirement medical benefits” on the Company’s consolidated balance sheets.

Restructuring liability rollforward

The following table summarizes the activities associated with restructuring liabilities for the years ended November 27, 2016, November 29, 2015 and November 30, 2014. In the table below, “Charges” represents the initial charge related to the restructuring activity. “Adjustments” includes revisions of estimates related to severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. “Payments” consists of cash payments for severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs.

	Year Ended November 27, 2016
	Liabilities November 29, 2015		Charges		Adjustments			Payments			Foreign Currency Fluctuation		Liabilities November 27, 2016
	(Dollars in thousands)
Severance and employee-related benefits	$	20,774	$	1,963	$	(1,789	)	$	(16,500	)	$	430	$	4,878
Other		964		311		—			(1,275	)		—		—
Total	$	21,738	$	2,274	$	(1,789	)	$	(17,775	)	$	430	$	4,878
Current portion	$	20,141											$	4,878
Long-term portion		1,597												—
Total	$	21,738											$	4,878

	Year Ended November 29, 2015
	Liabilities November 30, 2014		Charges		Adjustments			Payments			Foreign Currency Fluctuation			Liabilities November 29, 2015
	(Dollars in thousands)
Severance and employee-related benefits	$	56,963	$	14,819	$	(4,182	)	$	(41,907	)	$	(4,919	)	$	20,774
Other		6,400		3,243		(467	)		(8,217	)		5			964
Total	$	63,363	$	18,062	$	(4,649	)	$	(50,124	)	$	(4,914	)	$	21,738
Current portion	$	57,817												$	20,141
Long-term portion		5,546													1,597
Total	$	63,363												$	21,738

	Year Ended November 30, 2014
	Liabilities November 24, 2013		Charges		Adjustments			Payments			Foreign Currency Fluctuation			Liabilities November 30, 2014
	(Dollars in thousands)
Severance and employee-related benefits	$	—	$	104,398	$	(5,697	)	$	(38,527	)	$	(3,211	)	$	56,963
Other		—		25,027		1,350			(19,977	)		—			6,400
Total	$	—	$	129,425	$	(4,347	)	$	(58,504	)	$	(3,211	)	$	63,363
Current portion	$	—												$	57,817
Long-term portion		—													5,546
Total	$	—												$	63,363