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Schedule II: Valuation and Qualifying Acounts
12 Months Ended
Dec. 01, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts
SCHEDULE II
LEVI STRAUSS & CO. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Allowance for Credit LossesBalance at
Beginning of
Period
Additions
Charged to
Expenses
Deductions(1)
Balance at
End of
Period
(Dollars in millions)
December 1, 2024$5.7 1.9 1.9 $5.7 
November 26, 2023$7.5 0.5 2.3 $5.7 
November 27, 2022$11.6 (1.1)3.0 $7.5 
Sales ReturnsBalance at
Beginning of
Period
Additions
Charged to
Net Sales
Deductions(1)
Balance at
End of
Period
(Dollars in millions)
December 1, 2024$60.2 530.9 526.7 $64.4 
November 26, 2023$54.4 432.8 427.0 $60.2 
November 27, 2022$57.4 327.0 330.0 $54.4 
Sales Discounts and IncentivesBalance at
Beginning of
Period
Additions
Charged to
Net Sales
Deductions(1)
Balance at
End of
Period
(Dollars in millions)
December 1, 2024$130.4 511.1 511.7 $129.8 
November 26, 2023$126.4 468.4 464.4 $130.4 
November 27, 2022$152.4 436.1 462.1 $126.4 
Valuation Allowance Against Deferred Tax AssetsBalance at
Beginning of
Period
Changes in Related Gross Deferred Tax Asset
Change/(Release)
Balance at
End of
Period
(Dollars in millions)
December 1, 2024$47.4 5.9 (0.4)$52.9 
November 26, 2023$49.6 (0.2)(2.0)$47.4 
November 27, 2022$45.9 4.3 (0.6)$49.6 
_____________
(1)The charges to the accounts are for the purposes for which the allowances were created.