XML 117 R100.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Nov. 27, 2022
Nov. 28, 2021
Nov. 29, 2020
Income Tax Expense Reconciliation [Abstract]      
Income tax expense (benefit) at U.S. federal statutory rate $ 136.4 $ 121.9 $ (39.9)
State income taxes, net of U.S. federal impact 14.5 9.0 (5.2)
Change in valuation allowance (0.5) 2.6 18.3
Impact of foreign operations, net 29.6 11.5 (8.9)
Foreign-derived intangible income benefit ("FDII") (29.8) (66.0) 0.0
Reassessment of tax liabilities (7.5) (0.8) (1.5)
International intellectual property transaction (55.1) (15.1) 0.0
Stock-based compensation (5.0) (36.9) (22.3)
Other, including non-deductible expenses (2.1) 0.5 1.5
Change in tax law 0.0 0.0 (4.6)
Total $ 80.5 $ 26.7 $ (62.6)
Effective Income Tax Rate Reconciliation [Abstract]      
U.S. federal statutory rate (percent) 21.00% 21.00% 21.00%
State income taxes, net of U.S. federal impact (percent) 2.20% 1.60% 2.80%
Change in valuation allowance (percent) (0.10%) 0.40% (9.60%)
Impact of foreign operations (percent) 4.60% 2.00% 4.70%
Foreign-derived intangible income benefit (FDII) (percent) (4.60%) (11.40%) 0.00%
Reassessment of tax liabilities (percent) (1.20%) (0.10%) 0.70%
International intellectual property transaction (percent) (8.50%) (2.60%) 0.00%
Stock-based compensation (percent) (0.80%) (6.40%) 11.80%
Other, including non-deductible expenses (percent) (0.20%) 0.10% (0.80%)
Impact of US Tax Act (percent) 0 0 0.024
Total 12.40% 4.60% 33.00%