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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 05, 2021
Fair Value Disclosures [Abstract] |
Financial assets and liabilities at fair value on a recurring basis | The fair value of our financial assets and liabilities at March 5, 2021 was determined using the following inputs:
(in millions) | 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 | $ | 25 |  |  | $ | — |  |  | $ | 25 |  |  | $ | — |
Money market mutual funds | 2,629 |  |  | 2,629 |  |  | — |  |  | — |
Time deposits | 96 |  |  | 96 |  |  | — |  |  | — |
Short-term investments: |  |  |  |  |  |  |
Asset-backed securities | 101 |  |  | — |  |  | 101 |  |  | — |
Corporate debt securities | 1,383 |  |  | — |  |  | 1,383 |  |  | — |
Foreign government securities | 3 |  |  | — |  |  | 3 |  |  | — |
Municipal securities | 24 |  |  | — |  |  | 24 |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Foreign currency derivatives | 36 |  |  | — |  |  | 36 |  |  | — |
Other assets: |  |  |  |  |  |  |
Deferred compensation plan assets | 134 |  |  | 7 |  |  | 127 |  |  | — |
Total assets | $ | 4,431 |  |  | $ | 2,732 |  |  | $ | 1,699 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Accrued expenses: |  |  |  |  |  |  |
Foreign currency derivatives | $ | 4 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |
The fair value of our financial assets and liabilities at November 27, 2020 was determined using the following inputs:
(in millions) | 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 | $ | 28 |  |  | $ | — |  |  | $ | 28 |  |  | $ | — |
Money market mutual funds | 3,483 |  |  | 3,483 |  |  | — |  |  | — |
Time deposits | 118 |  |  | 118 |  |  | — |  |  | — |
Short-term investments: |  |  |  |  |  |  |
Asset-backed securities | 106 |  |  | — |  |  | 106 |  |  | — |
Corporate debt securities | 1,386 |  |  | — |  |  | 1,386 |  |  | — |
Foreign government securities | 3 |  |  | — |  |  | 3 |  |  | — |
Municipal securities | 19 |  |  | — |  |  | 19 |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Foreign currency derivatives | 15 |  |  | — |  |  | 15 |  |  | — |
Other assets: |  |  |  |  |  |  |
Deferred compensation plan assets | 116 |  |  | 7 |  |  | 109 |  |  | — |
Total assets | $ | 5,274 |  |  | $ | 3,608 |  |  | $ | 1,666 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Accrued expenses: |  |  |  |  |  |  |
Foreign currency derivatives | $ | 4 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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