Fair Value Measurements (Tables)

3 Months Ended

Mar. 01, 2019

The fair value of our financial assets and liabilities at March 1, 2019 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	$	1,383,033	$	1,383,033	$	—	$	—
Time deposits	14,454		14,454		—		—
Short-term investments:
Asset-backed securities	33,438		—		33,438		—
Corporate debt securities	1,433,496		—		1,433,496		—
Foreign government securities	2,386		—		2,386		—
Municipal securities	18,091		—		18,091		—
Prepaid expenses and other current assets:
Foreign currency derivatives	24,477		—		24,477		—
Other assets:
Deferred compensation plan assets	80,817		3,287		77,530		—
Total assets	$	2,990,192	$	1,400,774	$	1,589,418	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	1,075	$	—	$	1,075	$	—
Other liabilities:
Interest rate swap derivatives	6,278		—		6,278		—
Total liabilities	$	7,353	$	—	$	7,353	$	—

The fair value of our financial assets and liabilities at November 30, 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:
Money market mutual funds	$	1,234,188	$	1,234,188	$	—	$	—
Time deposits	40,023		40,023		—		—
Short-term investments:
Asset-backed securities	41,508		—		41,508		—
Corporate debt securities	1,522,208		—		1,522,208		—
Foreign government securities	4,155		—		4,155		—
Municipal securities	18,316		—		18,316		—
Prepaid expenses and other current assets:
Foreign currency derivatives	44,259		—		44,259		—
Other assets:
Deferred compensation plan assets	68,988		3,895		65,093		—
Total assets	$	2,973,645	$	1,278,106	$	1,695,539	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	816	$	—	$	816	$	—
Other liabilities:
Interest rate swap derivatives	9,744		—		9,744		—
Total liabilities	$	10,560	$	—	$	10,560	$	—