v3.25.4
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Nov. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments The fair value of derivative instruments as of November 28, 2025 and November 29, 2024 were as follows:
(in millions)
20252024
 Fair Value
Asset
Derivatives		Fair Value
Liability
Derivatives		Fair Value
Asset
Derivatives		Fair Value
Liability
Derivatives
Derivatives designated as hedging instruments:    
Foreign exchange contracts
$82 $99 $128 $10 
Interest rate swaps
94 8 — — 
Derivatives not designated as hedging instruments:
 Foreign exchange contracts
2 1 1 1 
Total derivatives$178 $108 $129 $11 
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 2025, 2024 and 2023 were as follows:
(in millions)202520242023
Derivatives in cash flow hedging relationships:
Foreign exchange contracts
$(132)$89 $(12)
Schedule of Derivatives Instruments, Effect on Statements of Income
The effects of derivative instruments on our Consolidated Statements of Income for fiscal 2025, 2024 and 2023 were as follows:
(in millions)Financial Statement Classification202520242023
Derivatives in cash flow hedging relationships:
Foreign exchange contracts
Net gain (loss) reclassified from accumulated OCI into incomeRevenue$2 $(20)$41 
Net gain (loss) reclassified from accumulated OCI into income
Operating expenses
$(8)$4 $(2)
Treasury lock
Net gain (loss) reclassified from accumulated OCI into incomeInterest expense$(3)$(5)$(5)
Derivatives not designated as hedging relationships:
Foreign exchange contracts
Other income (expense), net$9 $3 $12