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Income Taxes (Tables) | 12 Months Ended
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Nov. 30, 2018
Income Tax Disclosure [Abstract] |
Income before income taxes, domestic and foreign | Income before income taxes for fiscal 2018, 2017 and 2016 consisted of the following (in thousands):
|  | 2018 |  | 2017 |  | 2016
Domestic |  | $ | 542,948 |  |  | $ | 1,056,156 |  |  | $ | 805,749 |
Foreign |  | 2,250,928 |  |  | 1,081,485 |  |  | 629,389 |
Income before income taxes |  | $ | 2,793,876 |  |  | $ | 2,137,641 |  |  | $ | 1,435,138 |
Provision for income taxes, current and deferred | The provision for income taxes for fiscal 2018, 2017 and 2016 consisted of the following (in thousands):
|  | 2018 |  | 2017 |  | 2016
Current: |  |  |  |  |  |
United States federal |  | $ | 501,272 |  |  | $ | 298,802 |  |  | $ | 94,396 |
Foreign |  | 140,308 |  |  | 60,962 |  |  | 59,749 |
State and local |  | 28,612 |  |  | 33,578 |  |  | 15,222 |
Total current |  | 670,192 |  |  | 393,342 |  |  | 169,367 |
Deferred: |  |  |  |  |  |  |  |  |
United States federal |  | (466,113 | ) |  | 48,905 |  |  | 33,924 |
Foreign |  | (9,734 | ) |  | (4,242 | ) |  | (2,751 | )
State and local |  | 8,757 |  |  | 5,682 |  |  | (9,287 | )
Total deferred |  | (467,090 | ) |  | 50,345 |  |  | 21,886 |
Tax expense attributable to employee stock plans |  | — |  |  | — |  |  | 75,103 |
Provision for income taxes |  | $ | 203,102 |  |  | $ | 443,687 |  |  | $ | 266,356 |
Reconciliation of provision for income taxes | Total income tax expense differs from the expected tax expense (computed by multiplying the U.S. federal statutory rate of 22.2% in 2018 and 35% in both 2017 and 2016 by income before income taxes) as a result of the following (in thousands):
|  | 2018 |  | 2017 |  | 2016
Computed “expected” tax expense |  | $ | 620,240 |  |  | $ | 748,174 |  |  | $ | 502,298 |
State tax expense, net of federal benefit |  | 25,214 |  |  | 25,131 |  |  | 10,636 |
Tax credits |  | (110,849 | ) |  | (38,000 | ) |  | (48,383 | )
Differences between statutory rate and foreign effective tax rate |  | (384,393 | ) |  | (215,490 | ) |  | (133,778 | )
Stock-based compensation, net of tax deduction |  | (95,372 | ) |  | (42,512 | ) |  | 15,101 |
Resolution of income tax examinations |  | (42,432 | ) |  | (31,358 | ) |  | (68,003 | )
Domestic manufacturing deduction benefit |  | (13,098 | ) |  | (32,200 | ) |  | (26,990 | )
Impacts of the U.S. Tax Act |  | 185,997 |  |  | — |  |  | — |
Tax charge for licensing acquired company technology to foreign subsidiaries |  | — |  |  | 24,771 |  |  | 5,346 |
Other |  | 17,795 |  |  | 5,171 |  |  | 10,129 |
Provision for income taxes |  | $ | 203,102 |  |  | $ | 443,687 |  |  | $ | 266,356 |
Deferred tax assets and liabilities | The tax effects of the temporary differences that gave rise to significant portions of the deferred tax assets and liabilities as of November 30, 2018 and December 1, 2017 are presented below (in thousands):
|  | 2018 |  | 2017
Deferred tax assets: |  |  |  |
Acquired technology |  | $ | 9,561 |  |  | $ | 4,846 |
Reserves and accruals |  | 59,100 |  |  | 48,761 |
Deferred revenue |  | 37,690 |  |  | 23,452 |
Stock-based compensation |  | 89,240 |  |  | 74,942 |
Net operating loss carryforwards of acquired companies |  | 209,445 |  |  | 44,465 |
Credit carryforwards |  | 173,748 |  |  | 124,205 |
Capitalized expenses |  | 19,074 |  |  | 13,428 |
Benefits relating to tax positions |  | 51,965 |  |  | 33,318 |
Other |  | 37,160 |  |  | 30,300 |
Total gross deferred tax assets |  | 686,983 |  |  | 397,717 |
Deferred tax asset valuation allowance |  | (174,496 | ) |  | (93,568 | )
Total deferred tax assets |  | 512,487 |  |  | 304,149 |
Deferred tax liabilities: |  |  |  |
Depreciation and amortization |  | 40,425 |  |  | 84,064 |
Undistributed earnings of foreign subsidiaries |  | 17,556 |  |  | 382,744 |
Acquired intangible assets |  | 501,208 |  |  | 117,282 |
Total deferred tax liabilities |  | 559,189 |  |  | 584,090 |
Net deferred tax liabilities: |  | $ | 46,702 |  |  | $ | 279,941 |
Gross amount of unrecognized tax benefits | During fiscal 2018 and 2017, our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows (in thousands):
|  | 2018 |  | 2017
Beginning balance |  | $ | 172,945 |  |  | $ | 178,413 |
Gross increases in unrecognized tax benefits – prior year tax positions |  | 16,191 |  |  | 3,680 |
Gross decreases in unrecognized tax benefits – prior year tax positions |  | (4,000 | ) |  | (30,166 | )
Gross increases in unrecognized tax benefits – current year tax positions |  | 60,721 |  |  | 24,927 |
Settlements with taxing authorities |  | — |  |  | (3,876 | )
Lapse of statute of limitations |  | (45,922 | ) |  | (8,819 | )
Foreign exchange gains and losses |  | (3,783 | ) |  | 8,786 |
Ending balance |  | $ | 196,152 |  |  | $ | 172,945 |

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