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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 29, 2026
Nov. 28, 2025
 [1]
Current assets:    
Cash and cash equivalents $ 4,919 $ 5,431
Short-term investments 707 1,164
Trade receivables, net of allowances for doubtful accounts of $14 and $13, respectively 1,993 2,344
Prepaid expenses and other current assets 1,449 1,224
Total current assets 9,068 10,163
Property and equipment, net 1,870 1,873
Operating lease right-of-use assets, net 299 312
Goodwill 14,041 12,857
Other intangibles, net 1,012 495
Deferred income taxes 1,998 2,186
Other assets 1,645 1,610
Total assets 29,933 29,496
Current liabilities:    
Trade payables 499 417
Accrued expenses and other current liabilities 2,455 2,648
Debt 1,843 0
Deferred revenue 7,152 6,905
Income taxes payable 38 153
Operating lease liabilities 91 77
Total current liabilities 12,078 10,200
Long-term liabilities:    
Debt 4,802 6,210
Deferred revenue 98 125
Income taxes payable 536 469
Operating lease liabilities 329 361
Other liabilities 572 508
Total liabilities 18,415 17,873
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 2 shares authorized; none issued 0 0
Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued;  399 and 413 shares outstanding, respectively 0 0
Additional paid-in capital 16,416 15,361
Retained earnings 48,767 45,354
Accumulated other comprehensive income (loss) (247) (245)
Treasury stock, at cost (202 and 188 shares, respectively) (53,418) (48,847)
Total stockholders’ equity 11,518 11,623
Total liabilities and stockholders’ equity $ 29,933 $ 29,496
[1] The condensed consolidated balance sheet as of November 28, 2025 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.