v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
May 30, 2025
Fair Value Disclosures [Abstract]  
Financial assets and liabilities at fair value on a recurring basis
The fair value of our financial assets and liabilities at May 30, 2025 was determined using the following inputs:
(in millions)Fair Value Measurements at Reporting Date Using
  Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
 Total(Level 1)(Level 2)(Level 3)
Assets:    
Cash equivalents:    
Corporate debt securities$25 $— $25 $— 
Money market funds3,979 3,979 — — 
Time deposits105 105 — — 
Short-term investments:
Asset-backed securities— — 
Corporate debt securities662 — 662 — 
U.S. agency securities— — 
U.S. Treasury securities116 — 116 — 
Prepaid expenses and other current assets:   
Foreign currency derivatives13 — 13 — 
Other assets: 
Deferred compensation plan assets302 302 — — 
Foreign currency derivatives— — 
Interest rate swap derivatives63 — 63 — 
Total assets$5,272 $4,386 $886 $— 
Liabilities:    
Accrued expenses and other current liabilities:
    
Foreign currency derivatives$100 $— $100 $— 
Interest rate swap derivatives18 — 18 — 
Other liabilities:
Foreign currency derivatives64 — 64 — 
Total liabilities$182 $— $182 $— 
The fair value of our financial assets and liabilities at November 29, 2024 was determined using the following inputs:
(in millions)Fair Value Measurements at Reporting Date Using
  Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
 Total(Level 1)(Level 2)(Level 3)
Assets:    
Cash equivalents:    
Corporate debt securities$41 $— $41 $— 
Money market funds6,726 6,726 — — 
Time deposits57 57 — — 
U.S. Treasury securities— — 
Short-term investments: 
Asset-backed securities— — 
Corporate debt securities120 — 120 — 
U.S. agency securities11 — 11 — 
U.S. Treasury securities 138 — 138 — 
Prepaid expenses and other current assets:    
Foreign currency derivatives105 — 105 — 
Other assets:    
Deferred compensation plan assets283 283 — — 
Foreign currency derivatives
24 — 24 — 
Total assets$7,511 $7,066 $445 $— 
Liabilities:    
Accrued expenses and other current liabilities:
    
Foreign currency derivatives$$— $$— 
Other liabilities:
Foreign currency derivatives— — 
Total liabilities$11 $— $11 $—