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Derivative Financial Instruments (Tables) | 12 Months Ended
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Nov. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Instruments | Fair value asset derivatives are included in prepaid expenses and other current assets for the current portion and other assets for the long-term portion, and fair value liability derivatives are included in accrued expenses for the current portion and other liabilities for the long-term portion on our Consolidated Balance Sheets. The fair value of derivative instruments as of November 29, 2024 and December 1, 2023 were as follows:
(in millions) | 2024 |  | 2023
| Fair Value Asset Derivatives |  | Fair Value Liability Derivatives |  | Fair Value Asset Derivatives |  | Fair Value Liability Derivatives
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange contracts | $ | 128 |  |  | $ | 10 |  |  | $ | 43 |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Foreign exchange contracts | 1 |  |  | 1 |  |  | 9 |  |  | 4 |
Total derivatives | $ | 129 |  |  | $ | 11 |  |  | $ | 52 |  |  | $ | 4 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | Gains (losses) on derivative instruments, net of tax, recognized in our Consolidated Statements of Comprehensive Income for fiscal 2024, 2023 and 2022 were as follows:
(in millions) | 2024 |  | 2023 |  | 2022
Derivatives in cash flow hedging relationships: |  |  |  |  |
Foreign exchange contracts | $ | 89 |  |  | $ | (12) |  |  | $ | 139 |
Schedule of Derivatives Instruments, Effect on Statements of Income | The effects of derivative instruments on our Consolidated Statements of Income for fiscal 2024, 2023 and 2022 were as follows:
(in millions) | Financial Statement Classification |  | 2024 |  | 2023 |  | 2022
Derivatives in cash flow hedging relationships: |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |
Net gain (loss) reclassified from accumulated OCI into income | Revenue |  | $ | (20) |  |  | $ | 41 |  |  | $ | 176 |
Net gain (loss) reclassified from accumulated OCI into income | Operating expenses |  | $ | 4 |  |  | $ | (2) |  |  | $ | — |
Treasury lock |  |  |  |  |  |
Net gain (loss) reclassified from accumulated OCI into income | Interest expense |  | $ | (5) |  |  | $ | (5) |  |  | $ | (4) |
Derivatives not designated as hedging relationships: |  |  |  |  |  |
Foreign exchange contracts | Other income (expense), net |  | $ | 3 |  |  | $ | 12 |  |  | $ | (29) |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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