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DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Feb. 29, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of the Company’s derivative instruments are disclosed in Note 7—Fair Value Measurements and summarized in the table below:

						Value as of
Balance Sheet Line Item						February 29, 2024						November 30, 2023
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)						$	1,478,401					$	2,173,330
Other current assets						10,519						16,078
Other accrued liabilities						9,556						20,856
Derivative instruments designated as fair value hedges:
Cross-currency interest rate swaps (notional value)						$	471,604					$	471,604
Other long-term liabilities						12,988						17,219
Derivative instruments designated as cash flow hedges:
Foreign exchange forward contracts (notional value)						$	1,013,034					$	996,667
Other current assets and other assets						9,849						14,330
Other accrued liabilities and other long-term liabilities						4,244						2,724

Derivative Instruments, Gain (Loss)

The following table shows the gains and losses, before taxes, of the Company’s derivative instruments designated as cash flow hedges and not designated as hedging instruments in other comprehensive income (“OCI”), and the consolidated statements of operations for the periods presented:                                   

									Three Months Ended
			Locations of gain (loss) in statement of operations						February 29, 2024						February 28, 2023
Derivative instruments designated as cash flow and fair value hedges:
Gains (losses) recognized in OCI:
Foreign exchange forward contracts									$	(5,423)					$	10,203
Cross-currency interest rate swaps									75						—
Total									$	(5,348)					$	10,203
Gains (losses) reclassified from AOCI into income:
Foreign exchange forward contracts
Gain (loss) reclassified from AOCI into income			Cost of revenue for services						$	454					$	(5,760)
Gain (loss) reclassified from AOCI into income			Selling, general and administrative expenses						123						(1,981)
Total									$	577					$	(7,741)
Derivative instruments not designated as hedging instruments:
Gain recognized from foreign exchange forward contracts, net(1)			Other expense (income), net						$	337					$	6,225

(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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- Definition

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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

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- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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