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Derivative Instruments (Tables)

12 Months Ended

Nov. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Net Investment Hedges

The aggregate notional values of the Company's outstanding net investment hedge contracts by year of maturity as of November 30, 2022 are as follows:

Fiscal years ending November 30,
2023			$	7,500
2024			257,500
2025			4,375
2026			254,375
2027			—
Thereafter			—
Total			$	523,750

Summary of Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments are disclosed in Note 10 - Fair Value Measurements and summarized in the table below:

						Value as of
Balance Sheet Line Item						November 30, 2022						November 30, 2021
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)						$	1,853,188					$	1,217,595
Other current assets						9,597						13,764
Other accrued liabilities						16,085						2,992
Derivative instruments designated as cash flow hedges:
Interest rate swaps (notional value)						$	1,000,000					$	1,500,000
Other current assets						17,222						—
Other accrued liabilities						—						38,670
Other long-term liabilities						—						24,151
Derivative instruments designated as net investment hedges:
Foreign currency forward contracts (notional value)						$	523,750					$	—
Other accrued liabilities						255						—
Other long-term liabilities						16,420						—

Effect of Derivative Instruments on AOCI and Consolidated Statements of Earnings

The Effect of Derivative Instruments on AOCI and the Consolidated Statements of Operations

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

			Location of Gains (losses) in Income						For the fiscal years ended November 30,
									2022						2021						2020
Derivative instruments designated as cash flow hedges:
Gains (losses) recognized in OCI on interest rate swaps									$	46,502					$	10,902					$	(66,372)
Losses on interest rate swaps reclassified from AOCI into income			Interest expense and finance charges, net						$	(26,443)					$	(42,115)					$	(34,443)
Derivative instruments designated as net investment hedges:
Losses recognized in OCI on foreign exchange forward contracts									$	(18,477)					$	—					$	—
Gains recognized in income (amount excluded from effectiveness testing)			Interest expense and finance charges, net						$	1,802					$	—					$	—
Derivative instruments not designated as hedging instruments:
Gains recognized from foreign exchange forward contracts, net(1)			Cost of revenue						$	38,360					$	18,073					$	—
(Losses) gains recognized from foreign exchange forward contracts, net(1)			Other (expense) income, net						(10,504)						(6,878)						1,844
Gains (losses) recognized from interest rate swaps, net			Interest expense and finance charges, net						—						128						(643)
Total									$	27,856					$	11,323					$	1,201

__________________

(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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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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 4C
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
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