Derivative Instruments (Tables)

9 Months Ended

Aug. 31, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments are disclosed in Note 8 — Fair Value Measurements and summarized in the table below:

	Value as of
Balance Sheet Line Item	August 31, 2019		November 30, 2018
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)	$	1,132,328	$	1,008,895
Other current assets		11,495		12,651
Other accrued liabilities		9,107		1,856
Interest rate swap (notional value)	$	100,000	$	100,000
Other assets		535		3,519
Derivative instruments designated as cash flow hedges:
Foreign exchange forward contracts (notional value)	$	441,435	$	624,014
Other current assets and other assets		5,794		3,834
Other accrued liabilities and other long-term liabilities		3,801		12,306
Interest rate swaps (notional value)	$	1,900,000	$	1,900,000
Other current assets and other assets		—		5,869
Other accrued liabilities and other long-term liabilities	$	103,032	$	9,004

Effect of Derivative Instruments on AOCI and Consolidated Statement of Earnings

The following table shows the gains and losses, before taxes, of the Company's derivative instruments designated as cash flow hedges and not designated as hedging instruments in Other Comprehensive Income (“OCI”), and the Consolidated Statements of Operations for the periods presented:

	Location of Gain (Loss)	Three Months Ended August 31,						Nine Months Ended August 31,
	in Income	2019			2018			2019			2018

Revenue for services		$	1,155,690		$	487,513		$	3,480,275		$	1,477,308
Cost of revenue for services			(731,472	)		(308,322	)		(2,196,212	)		(926,998	)
Selling, general and administrative expenses			(517,135	)		(316,274	)		(1,557,906	)		(923,449	)
Interest expense and finance charges, net			(42,945	)		(20,058	)		(127,695	)		(53,884	)
Other income (expense), net			(1,087	)		(872	)		19,764			(3,497	)

Derivative instruments designated as cash flow hedges:
Gains (losses) recognized in OCI:
Foreign exchange forward contracts		$	1,592		$	—		$	8,304		$	—
Interest rate swaps			(34,058	)		1,045			(104,323	)		8,386
Total		$	(32,466	)	$	1,045		$	(96,020	)	$	8,386

Gains (losses) reclassified from AOCI into income:
Foreign exchange forward contracts
Loss reclassified from AOCI into income	Revenue for services	$	73		$	—		$	89		$	—
Gain (loss) reclassified from AOCI into income	Cost of revenue for services		4,586			—			12,034			—
Gain (loss) reclassified from AOCI into income	Selling, general and administrative expenses		1,888			—			5,041			—
Gain (loss) reclassified from AOCI into income	Other income (expense), net		10			—			10			—
Interest rate swaps
Gain (loss) reclassified from AOCI into income	Interest expense and finance charges, net		(2,065	)		(22	)		(4,545	)		2,433
Total		$	4,492		$	(22	)	$	12,629		$	2,433

Derivative instruments not designated as hedging instruments:
Gains (losses) recognized from foreign exchange forward contracts, net⁽¹⁾	Other income (expense), net	$	(1,286	)	$	(8,469	)	$	8,657		$	(2,794	)
Gains (losses) recognized from interest rate swaps, net	Interest expense and finance charges, net		(807	)		23			(2,984	)		23
Total		$	(2,093	)	$	(8,446	)	$	5,673		$	(2,771	)

(1)

The gains and losses largely offset the currency gains and losses that resulted from changes in the assets and liabilities denominated in nonfunctional currencies.