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Derivative Instruments (Tables)
 6 Months Ended
May 31, 2022
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 ItemMay 31, 2022November 30, 2021
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)$1,835,968 $1,217,595 
Other current assets10,106 13,764 
Other accrued liabilities26,176 2,992 
Derivative instruments designated as cash flow hedges:
Interest rate swaps (notional value)$1,100,000 $1,500,000 
Other assets, net106 — 
Other accrued liabilities6,111 38,670 
Other long-term liabilities— 24,151 
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 in Other Comprehensive Income (“OCI”) and not designated as hedging instruments in the Consolidated Statements of Operations for the periods presented:
Three Months Ended, Six Months Ended,
Location of Gains (Losses) in IncomeMay 31, 2022May 31, 2021May 31, 2022May 31, 2021
Derivative instruments designated as cash flow hedges:
Gains (losses) recognized in OCI on interest rate swaps$14,232 $(2,400)$26,051 $655 
Losses on interest rate swaps reclassified from AOCI into incomeInterest expense and finance charges, net$(9,038)$(10,657)$(18,998)$(20,983)
Derivative instruments not designated as hedging instruments:
Gains recognized from foreign exchange forward contracts, net(1)
Cost of revenue$14,013 $— $4,118 $— 
Losses recognized from foreign exchange forward contracts, net(1)
Other income (expense), net(949)(8,431)$(1,159)$(9,128)
Losses recognized from interest rate swaps, netInterest expense and finance charges, net— — — (128)
Total $13,064 $(8,431)$2,959 $(9,256)
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(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.