DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Nov. 30, 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 8—Fair Value Measurements and summarized in the table below:


	Value as of
Balance Sheet Line Item	November 30, 2024		November 30, 2023
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)	$	458,482	$	2,173,330
Other current assets	13,935		16,078
Other accrued liabilities	167		20,856
Derivative instruments designated as fair value hedges:
Cross-currency interest rate swaps (notional value)	$	471,604	$	471,604
Other long-term liabilities	7,468		17,219
Derivative instruments designated as cash flow hedges:
Foreign exchange forward contracts (notional value)	$	1,049,787	$	996,667
Other current assets and other assets	578		14,330
Other accrued liabilities and other long-term liabilities	22,155		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:


		Fiscal Years Ended November 30,
	Location of gain (loss) in statement of operations	2024		2023		2022
Derivative instruments designated as cash flow and fair value hedges:
(Losses) gains recognized in OCI:
Foreign exchange forward contracts		$	(38,459)	$	19,199	$	(60,891)
Cross-currency interest rate swaps		(5,084)		(3,651)		—
Total		$	(43,543)	$	15,548	$	(60,891)

(Losses) gains reclassified from AOCI into income:
Foreign exchange forward contracts
Gain reclassified from AOCI into income	Revenue for services	$	—	$	222	$	—
(Loss) gain reclassified from AOCI into income	Cost of revenue for services	(4,028)		(13,864)		(28,108)
(Loss) gain reclassified from AOCI into income	Selling, general and administrative expenses	(861)		(4,745)		(8,121)
Total		$	(4,889)	$	(18,387)	$	(36,229)

Derivative instruments not designated as hedging instruments:
Gain (loss) recognized from foreign exchange forward contracts, net(1)	Other expense (income), net	$	9,940	$	(13,007)	$	(57,983)
Loss recognized from foreign exchange call options contracts, net	Other expense (income), net	—		(14,629)		—
Total		$	9,940	$	(27,636)	$	(57,983)

(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.