The Company leases certain of its facilities and equipment under operating lease agreements, which expire in various periods through 2036. The Company’s finance leases are not material.

The following table presents the various components of operating lease costs:


	Three Months Ended				Nine Months Ended
	August 31, 2026		August 31, 2025		August 31, 2026		August 31, 2025
Operating lease cost	$	83,881	$	85,333	$	255,237	$	239,592
Short-term lease cost	17,348		15,111		49,325		52,434
Variable lease cost	15,022		13,030		44,798		39,355
Sublease income	(449)		(553)		(1,370)		(2,707)
Total operating lease cost	$	115,802	$	112,921	$	347,990	$	328,674

The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five fiscal years and thereafter as of August 31, 2026:


Fiscal Years Ending November 30,
2026 (remaining three months)	$	84,910
2027	299,819
2028	247,544
2029	181,459
2030	115,659
Thereafter	137,167
Total payments	1,066,558
Less: imputed interest*	160,911
Total present value of lease payments	$	905,647

*Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

The following amounts were recorded in the consolidated balance sheets related to the Company’s operating leases:


		As of
Description	Balance Sheet location	August 31, 2026		November 30, 2025
Operating lease ROU assets	Operating lease right-of-use assets, net	$	864,749	$	857,025
Current operating lease liabilities	Other accrued liabilities	253,052		256,739
Non-current operating lease liabilities	Other long-term liabilities	652,595		641,444

The following table presents supplemental cash flow information related to the Company’s operating leases. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:


	Nine Months Ended
	August 31, 2026		August 31, 2025
Cash paid for amounts included in the measurement of lease liabilities	$	250,026	$	257,661
Non-cash ROU assets obtained in exchange for lease liabilities	202,215		182,752

The weighted-average remaining lease term and discount rate as of August 31, 2026 and November 30, 2025 were as follows:


	As of
	August 31, 2026		November 30, 2025
Weighted-average remaining lease term (years)	4.20		4.20
Weighted-average discount rate	7.35	%	6.85	%