Fair Value Measurements (Tables)

9 Months Ended

Sep. 01, 2017

The fair value of our financial assets and liabilities at September 1, 2017 was determined using the following inputs (in thousands):



	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:
Money market mutual funds	$	1,344,350	$	1,344,350	$	—	$	—
Time deposits	16,789		16,789		—		—
Short-term investments:
Asset-backed securities	99,184		—		99,184		—
Corporate bonds and commercial paper	2,433,024		—		2,433,024		—
Municipal securities	145,961		—		145,961		—
U.S. Treasury securities	915,767		—		915,767		—
Prepaid expenses and other current assets:
Foreign currency derivatives	11,559		—		11,559		—
Other assets:
Deferred compensation plan assets	52,554		1,622		50,932		—
Interest rate swap derivatives	7,564		—		7,564		—
Total assets	$	5,026,752	$	1,362,761	$	3,663,991	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	1,410	$	—	$	1,410	$	—
Total liabilities	$	1,410	$	—	$	1,410	$	—

The fair value of our financial assets and liabilities at December 2, 2016 was determined using the following inputs (in thousands):



	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 bonds and commercial paper	$	1,249	$	—	$	1,249	$	—
Money market mutual funds	782,210		782,210		—		—
Municipal securities	1,301		—		1,301		—
Time deposits	17,920		17,920		—		—
Short-term investments:
Asset-backed securities	110,914		—		110,914		—
Corporate bonds and commercial paper	2,458,350		—		2,458,350		—
Municipal securities	134,222		—		134,222		—
U.S. agency securities	39,580		—		39,580		—
U.S. Treasury securities	1,006,919		—		1,006,919		—
Prepaid expenses and other current assets:
Foreign currency derivatives	38,112		—		38,112		—
Other assets:
Deferred compensation plan assets	42,180		1,831		40,349		—
Interest rate swap derivatives	13,117		—		13,117		—
Total assets	$	4,646,074	$	801,961	$	3,844,113	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	5,246	$	—	$	5,246	$	—
Total liabilities	$	5,246	$	—	$	5,246	$	—