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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 01, 2024
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 1, 2024 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: |  |  |  |  |  |  |
Money market funds | $ | 5,642 |  |  | $ | 5,642 |  |  | $ | — |  |  | $ | — |
Short-term investments: |  |  |  |  |  |  |
Asset-backed securities | 11 |  |  | — |  |  | 11 |  |  | — |
Corporate debt securities | 335 |  |  | — |  |  | 335 |  |  | — |
U.S. agency securities | 12 |  |  | — |  |  | 12 |  |  | — |
U.S. Treasury securities | 208 |  |  | — |  |  | 208 |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Foreign currency derivatives | 52 |  |  | — |  |  | 52 |  |  | — |
Other assets: |  |  |  |  |  |  |
Deferred compensation plan assets | 246 |  |  | 246 |  |  | — |  |  | — |
Total assets | $ | 6,506 |  |  | $ | 5,888 |  |  | $ | 618 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Accrued expenses: |  |  |  |  |  |  |
Foreign currency derivatives | $ | 4 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |
The fair value of our financial assets and liabilities at December 1, 2023 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: |  |  |  |  |  |  |
Money market funds | $ | 6,498 |  |  | $ | 6,498 |  |  | $ | — |  |  | $ | — |
Time deposits | 25 |  |  | 25 |  |  | — |  |  | — |
Short-term investments: |  |  |  |  |  |  |
Asset-backed securities | 15 |  |  | — |  |  | 15 |  |  | — |
Corporate debt securities | 434 |  |  | — |  |  | 434 |  |  | — |
U.S. agency securities | 12 |  |  | — |  |  | 12 |  |  | — |
U.S. Treasury securities | 240 |  |  | — |  |  | 240 |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Foreign currency derivatives | 52 |  |  | — |  |  | 52 |  |  | — |
Other assets: |  |  |  |  |  |  |
Deferred compensation plan assets | 206 |  |  | 206 |  |  | — |  |  | — |
Total assets | $ | 7,482 |  |  | $ | 6,729 |  |  | $ | 753 |  |  | $ | — |
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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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