v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Aug. 28, 2026
Aug. 29, 2025
Cash flows from operating activities:    
Net income $ 5,428 $ 5,274
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 582 634
Stock-based compensation 1,582 1,453
Deferred income taxes 164 (391)
Impairment of goodwill 70 0
Other non-cash items 94 37
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:    
Trade receivables, net 278 (25)
Prepaid expenses and other assets (497) (157)
Trade payables 67 (23)
Accrued expenses and other liabilities (196) (195)
Income taxes payable 3 (11)
Deferred revenue 71 275
Net cash provided by operating activities 7,646 6,871
Cash flows from investing activities:    
Purchases of short-term investments (1,625) (1,351)
Maturities of short-term investments 1,530 681
Proceeds from sales of short-term investments 5 4
Acquisitions, net of cash acquired (1,560) (17)
Purchases of property and equipment (180) (145)
Purchases of long-term investments, intangibles and other assets (80) (216)
Other investing activities, net 2 3
Net cash used for investing activities (1,908) (1,041)
Cash flows from financing activities:    
Repurchases of common stock (6,821) (8,807)
Proceeds from re-issuance of treasury stock 262 348
Taxes paid related to net share settlement of equity awards (306) (381)
Proceeds from issuance of debt 493 1,997
Repayment of debt (250) (1,500)
Other financing activities, net (192) (162)
Net cash used for financing activities (6,814) (8,505)
Effect of foreign currency exchange rates on cash and cash equivalents 4 44
Net change in cash and cash equivalents (1,072) (2,631)
Cash and cash equivalents at beginning of period 5,431 7,613
Cash and cash equivalents at end of period 4,359 4,982
Supplemental disclosures:    
Cash paid for income taxes, net of refunds 1,529 1,705
Cash paid for interest $ 197 $ 196