Fair Value Measurements (Tables)

6 Months Ended

May 31, 2019

The fair value of our financial assets and liabilities at May 31, 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:
Corporate debt securities	$	144,555	$	—	$	144,555	$	—
Money market mutual funds	1,474,933		1,474,933		—		—
Municipal securities	1,000		—		1,000		—
Time deposits	57,400		57,400		—		—
U.S. agency securities	4,999		—		4,999		—
Short-term investments:
Asset-backed securities	61,124		—		61,124		—
Corporate debt securities	1,312,032		—		1,312,032		—
Foreign government securities	2,393		—		2,393		—
Municipal securities	20,520		—		20,520		—
Prepaid expenses and other current assets:
Foreign currency derivatives	30,241		—		30,241		—
Other assets:
Deferred compensation plan assets	81,749		4,121		77,628		—
Total assets	$	3,190,946	$	1,536,454	$	1,654,492	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	2,149	$	—	$	2,149	$	—
Other liabilities:
Interest rate swap derivatives	2,964		—		2,964		—
Total liabilities	$	5,113	$	—	$	5,113	$	—

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	$	—