Fair Value Measurements (Tables)

6 Months Ended

Jun. 01, 2018

The fair value of our financial assets and liabilities at June 1, 2018 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	$	21,296	$	—	$	21,296	$	—
Money market mutual funds	2,590,037		2,590,037		—		—
Time deposits	31,178		31,178		—		—
Short-term investments:
Asset-backed securities	83,887		—		83,887		—
Corporate debt securities	2,420,272		—		2,420,272		—
Foreign government securities	3,787		—		3,787		—
Municipal securities	18,933		—		18,933		—
U.S. Treasury securities	819,199		—		819,199		—
Prepaid expenses and other current assets:
Foreign currency derivatives	40,081		—		40,081		—
Other assets:
Deferred compensation plan assets	67,487		3,376		64,111		—
Total assets	$	6,096,157	$	2,624,591	$	3,471,566	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	1,280	$	—	$	1,280	$	—
Other Liabilities:
Interest rate swap derivatives	10,076		—		10,076		—
Total liabilities	$	11,356	$	—	$	11,356	$	—

The fair value of our financial assets and liabilities at December 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	$	2,006,741	$	2,006,741	$	—	$	—
Time deposits	18,843		18,843		—		—
Short-term investments:
Asset-backed securities	98,001		—		98,001		—
Corporate debt securities	2,454,260		—		2,454,260		—
Foreign government securities	2,388		—		2,388		—
Municipal securities	21,065		—		21,065		—
U.S. Treasury securities	937,988		—		937,988		—
Prepaid expenses and other current assets:
Foreign currency derivatives	14,198		—		14,198		—
Other assets:
Deferred compensation plan assets	56,690		2,573		54,117		—
Total assets	$	5,610,174	$	2,028,157	$	3,582,017	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	1,598	$	—	$	1,598	$	—
Other liabilities:
Interest rate swap derivatives	1,058		—		1,058		—
Total liabilities	$	2,656	$	—	$	2,656	$	—