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Other Fair Value Information
 6 Months Ended
May 31, 2019
Other Fair Value Information [Abstract]  
Other Fair Value Information Other Fair Value Information

The carrying amounts and estimated fair values of our principal financial instruments that are not recognized at fair value on a recurring basis are as follows (in thousands):
 
May 31, 2019
 
November 30, 2018
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Receivables:
 
 
 
 
 
 
 
Notes and loans receivable (1)
$
737,461

 
$
739,607

 
$
680,015

 
$
676,152

 
 
 
 
 
 
 
 
Financial Liabilities:
 

 
 

 
 

 
 

Short-term borrowings (2)
$
510,435

 
$
510,435

 
$
387,492

 
$
387,492

Long-term debt (3)
$
7,041,475

 
$
7,169,833

 
$
6,931,393

 
$
6,826,503


(1)
Notes and loans receivable:  The fair values are estimated principally based on a discounted future cash flows model using market interest rates for similar instruments. If measured at fair value in the financial statements, these financial instruments would be classified as Level 3 in the fair value hierarchy.
(2)
Short-term borrowings:  The fair values of short-term borrowings are estimated to be the carrying amount due to their short maturities. If measured at fair value in the financial statements, these financial instruments would be classified as Level 3 in the fair value hierarchy.
(3)
Long-term debt: The fair values are estimated using quoted prices, pricing information obtained from external data providers and, for certain variable rate debt, is estimated to be the carrying amount. If measured at fair value in the financial statements, these financial instruments would be classified as Level 2 and Level 3 in the fair value hierarchy.