v3.25.2
DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Aug. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair values of the Company’s derivative instruments are disclosed in Note 6—Fair Value Measurements and summarized in the table below:
Value as of
Balance Sheet Line ItemAugust 31, 2025November 30, 2024
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)$234,180 $458,482 
Other current assets     
5,135 13,935 
Other accrued liabilities
— 167 
Derivative instruments designated as fair value hedges:
Cross-currency interest rate swaps (notional value)
$471,604 $471,604 
Other long-term liabilities
27,999 7,468 
Derivative instruments designated as cash flow hedges:
Foreign exchange forward contracts (notional value)$1,055,219 $1,049,787 
Other current assets and other assets     
6,912 578 
Other accrued liabilities and other long-term liabilities     
10,736 22,155 
Derivative Instruments, Gain (Loss)
The following table shows the location of gains and losses, before taxes, of the Company’s derivative instruments designated as cash flow hedges, fair value hedges and not designated as hedging instruments in other comprehensive income (“OCI”), and the consolidated statements of operations for the periods presented:                                   
Three Months EndedNine Months Ended
Locations of gain (loss) in statement of operationsAugust 31, 2025August 31, 2024August 31, 2025August 31, 2024
Derivative instruments designated as cash flow and fair value hedges:
Gains (losses) recognized in OCI:
Foreign exchange forward contracts$(22,989)$27,168 $12,892 $(7,025)
Cross-currency interest rate swaps
4,076 3,369 4,758 4,186 
Total
$(18,913)$30,537 $17,650 $(2,839)
Gains (losses) reclassified from AOCI into income:
Foreign exchange forward contracts
Gain (loss) reclassified from AOCI into income
Cost of revenue
$564 $(2,531)$(3,576)$(2,648)
Gain (loss) reclassified from AOCI into income
Selling, general and administrative expenses167 (581)(1,286)(550)
Total$731 $(3,112)$(4,862)$(3,198)
Derivative instruments not designated as hedging instruments:
Gain recognized from foreign exchange forward contracts, net(1)
Other expense (income), net$5,118 $(7,663)$5,858 $(11,696)
(1)    The gains and losses largely offset the currency gains and losses that resulted from changes in the assets and liabilities denominated in nonfunctional currencies.