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Debt (Tables) | 9 Months Ended
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Aug. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Debt | The net carrying value of the liability component of the Convertible Notes was as follows:
(in millions) |  | August 31, 2020
Principal |  | $ | 1,127 |
Less: Unamortized debt discount and transaction costs |  | (173) |
|  | $ | 954 |
The interest expense recognized related to the Convertible Notes was as follows:
(in millions) | Three Months Ended August 31, 2020 |  | Nine Months Ended August 31, 2020
Contractual interest expense | $ | 26 |  |  | $ | 43 |
Amortization of debt discount and transaction costs | 22 |  |  | 37 |
| $ | 47 |  |  | $ | 80 |
Schedule of Annual Maturities of Debt | As of August 31, 2020, the scheduled annual maturities of our outstanding debt were as follows:
(in millions) Year |  | Principal Payments (a)
Remainder of 2020 |  | $ | 1,048 |
2021 (b) |  | 1,702 |
2022 |  | 2,539 |
2023 |  | 6,686 |
2024 |  | 1,174 |
Thereafter |  | 9,382 |
|  | $ | 22,532 |
(a)Excluding the Revolving Facility. As of August 31, 2020, borrowings under the Revolving Facility were $3.0 billion, which were drawn in March 2020 for an initial term of six months. The maturities for these borrowings were extended in September 2020 for an additional six months through March 2021. We may re-borrow such amounts subject to satisfaction of the conditions in the Revolving Facility Agreement. (b)We have a principal balance of $0.5 billion and $0.8 billion of debt outstanding as of August 31, 2020, otherwise due through 2032, for which covenant waivers expire during the second quarter 2021 and fourth quarter 2021, respectively. We are working on extending these covenant waivers. If the covenant waiver extensions are not received, we would be required to prepay the outstanding principal balance.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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