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Derivative Instruments (Tables) | 3 Months Ended
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Feb. 28, 2021
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 7 - Fair Value Measurements and summarized in the table below:
|  | Value as of |
Balance Sheet Line Item |  | February 28, 2021 |  |  | November 30, 2020 |
Derivative instruments not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange forward contracts (notional value) |  | $ | 249,706 |  |  | $ | 274,181 |
Other current assets |  |  | 3,439 |  |  |  | 209 |
Other accrued liabilities |  |  | 671 |  |  |  | 3,232 |
Interest rate swap (notional value) |  | $ | — |  |  | $ | 100,000 |
Other accrued liabilities |  |  | — |  |  |  | 128 |
Derivative instruments designated as cash flow hedges: |  |  |  |  |  |  |  |
Interest rate swaps (notional value) |  | $ | 1,500,000 |  |  | $ | 1,500,000 |
Other accrued liabilities |  |  | 102,277 |  |  |  | 115,598 |
Effect of Derivative Instruments on AOCI and Consolidated Statements 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 Gains (Losses) |  | Three Months Ended, |
|  | in Income |  | February 28, 2021 |  |  | February 29, 2020 |
Interest expense and finance charges, net |  |  |  |  | (22,838 | ) |  |  | (18,792 | )
Other expense, net |  |  |  |  | (1,333 | ) |  |  | (855 | )
Derivative instruments designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |
Gains (losses) recognized in OCI on interest rate swaps |  |  |  |  | 3,055 |  |  |  | (32,597 | )
Total |  |  |  | $ | 3,055 |  |  | $ | (32,597 | )
Gains (losses) reclassified from AOCI into income: |  |  |  |  |  |  |  |  |  |
Gains (losses) on interest rate swaps reclassified from AOCI into income |  | Interest expense and finance charges, net |  |  | (10,326 | ) |  |  | (5,084 | )
Total |  |  |  | $ | (10,326 | ) |  | $ | (5,084 | )
Derivative instruments not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Gains (losses) recognized from foreign exchange forward contracts, net(1) |  | Other expense, net |  | $ | (697 | ) |  | $ | 2,445 |
Gains (losses) recognized from interest rate swaps, net |  | Interest expense and finance charges, net |  |  | 128 |  |  |  | (571 | )
Total |  |  |  | $ | (569 | ) |  | $ | 1,874 |
| (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.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
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