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Derivative Instruments (Tables)

3 Months Ended

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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- References

No definition available.

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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

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-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

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-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

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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

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