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Balance Sheet Components
 12 Months Ended
Nov. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS:
Cash, cash equivalents and restricted cash:
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same amounts shown in the Consolidated Statements of Cash Flows:
As of November 30,
20232022
(currency in thousands)
Cash and cash equivalents$1,033,776 $522,604 
Restricted cash included in other current assets— 252 
Cash, cash equivalents and restricted cash$1,033,776 $522,856 
Accounts receivable, net:
The following table summarizes accounts receivable, net:
As of November 30,
20232022
(currency in thousands)
Accounts receivable$10,448,567 $9,550,741 
Less: Allowance for doubtful accounts(150,753)(129,742)
Accounts receivable, net$10,297,814 $9,420,999 
Receivables from vendors, net:
The following table summarizes receivables from vendors, net:
As of November 30,
20232022
(currency in thousands)
Receivables from vendors$976,453 $831,539 
Less: Allowance for doubtful accounts(12,119)(12,404)
Receivables from vendors, net$964,334 $819,135 
Allowance for doubtful trade receivables:
The following table summarizes the changes to the allowance for doubtful trade receivables (currency in thousands):
Balance as of November 30, 2020$67,361 
Acquisitions75,362 
Additions(7,544)
Write-offs, recoveries, reclassifications and foreign exchange translation(20,343)
Balance as of November 30, 2021114,836 
Additions34,741 
Write-offs, recoveries, reclassifications and foreign exchange translation(19,835)
Balance as of November 30, 2022129,742 
Additions44,742 
Write-offs, recoveries, reclassifications and foreign exchange translation(23,731)
Balance as of November 30, 2023$150,753 
Allowance for receivables from vendors:
The following table summarizes the changes to the allowance for receivables from vendors (currency in thousands):
Balance as of November 30, 2020$5,126 
Acquisitions7,524 
Additions588 
Write-offs, reclassifications and foreign exchange translation(2,110)
Balance as of November 30, 202111,128 
Additions1,497 
Write-offs, reclassifications and foreign exchange translation(221)
Balance as of November 30, 202212,404 
Additions(106)
Write-offs, reclassifications and foreign exchange translation(179)
Balance as of November 30, 2023$12,119 
Property and equipment, net:
The following table summarizes property and equipment, net:
As of November 30,
20232022
(currency in thousands)
Land$27,871 $27,311 
Equipment, computers and software513,030 414,359 
Furniture and fixtures64,429 59,349 
Buildings, building improvements and leasehold improvements236,479 219,859 
Construction-in-progress17,681 6,859 
Total property and equipment, gross$859,490 $727,737 
Total accumulated depreciation(409,466)(306,673)
Property and equipment, net$450,024 $421,064 
Depreciation and amortization expense for fiscal years 2023, 2022 and 2021, was $124.6 million, $164.2 million and $44.2 million, respectively. Fiscal years 2023 and 2022 include accelerated depreciation and amortization expense of $17.4 million and $64.4 million, respectively, due to changes in asset useful lives in conjunction with the consolidation of certain IT systems, which is recorded in "Acquisition, integration and restructuring costs" in the Consolidated Statements of Operations.
Goodwill:
The following table summarizes changes in the carrying amount of goodwill:
Fiscal Year Ended November 30, 2023
Americas Europe APJTotal
(currency in thousands)
Balance, beginning of year$2,451,826 $1,277,226 $74,798 $3,803,850 
Dispositions upon sale of subsidiaries(3,128)— — (3,128)
Foreign exchange translation31,380 72,514 (446)103,448 
Balance, end of year$2,480,078 $1,349,740 $74,352 $3,904,170 
Intangible assets, net:
The following table summarizes intangible assets, net:
As of November 30, 2023As of November 30, 2022
Gross
Amounts		Accumulated
Amortization		Net
Amounts		Gross
Amounts		Accumulated
Amortization		Net
Amounts
(currency in thousands)
Intangible assets with indefinite lives:
Trade name$1,033,378 $— $1,033,378 $1,003,974 $— $1,003,974 
Intangible assets with finite lives:      
Customer relationships$3,898,701 $(741,388)$3,157,313 $3,800,710 $(453,439)$3,347,271 
Vendor lists177,737 (132,440)45,297 176,910 (115,814)61,096 
Other intangible assets28,579 (20,253)8,326 28,215 (17,679)10,536 
$5,138,395 $(894,081)$4,244,314 $5,009,809 $(586,932)$4,422,877 
Amortization expense for fiscal years 2023, 2022 and 2021, was $293.7 million, $299.2 million and $105.3 million, respectively.
Estimated future amortization expense of the Company’s intangible assets is as follows:
Fiscal years ending November 30,
(currency in thousands)
2024$290,907 
2025287,510 
2026284,724 
2027281,641 
2028265,319 
Thereafter1,800,835 
Total$3,210,936 
Accumulated other comprehensive income (loss)
The following table summarizes the components of accumulated other comprehensive income (loss) ("AOCI"), net of taxes:
(currency in thousands)
Unrealized gains
(losses)
on
cash flow hedges, net of
taxes		Foreign currency
translation
adjustment and other,
net of taxes		Total
Balance, beginning of year$6,169 $(725,879)$(719,710)
Other comprehensive income (loss) before reclassification702 219,209 219,911 
Reclassification of (gains) losses from other comprehensive income (loss)(6,871)(578)(7,449)
Balance, end of year$— $(507,248)$(507,248)
Refer to Note 9 – Derivative Instruments for the location of gains and losses reclassified from accumulated other comprehensive income (loss) to the Consolidated Statements of Operations. The reclassification of the net foreign currency translation adjustment realized upon sale of a foreign subsidiary was recorded within selling, general and administrative expenses in the Consolidated Statements of Operations.