Derivative Instruments (Tables)

12 Months Ended

Nov. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Values of Derivative Instruments

The fair values of the Company’s derivative instruments are disclosed in Note 10 - Fair Value Measurements and summarized in the table below:

	Value as of
Balance Sheet Line Item	November 30, 2021		November 30, 2020
Derivative instruments not designated as hedging instruments:
Foreign exchange forward contracts (notional value)	$	1,217,595	$	274,181
Other current assets		13,764		209
Other accrued liabilities		2,992		3,232
Interest rate swap (notional value)	$	-	$	100,000
Other assets, net		-		-
Other accrued liabilities		-		128
Derivative instruments designated as cash flow hedges:
Interest rate swaps (notional value)	$	1,500,000	$	1,500,000
Other accrued liabilities		38,670		115,598
Other long-term liabilities		24,151		-

Effect of Derivative Instruments on AOCI and Consolidated Statements of Earnings

The Effect of Derivative Instruments on AOCI and the Consolidated Statements of Operations

The following table shows the gains and losses, before taxes, of the Company's derivative instruments designated as cash flow hedges in Other Comprehensive Income (“OCI”), and not designated as hedging instruments in the Consolidated Statements of Operations for the periods presented:

	Location of Gains (losses)	For the fiscal years ended November 30,
	in Income	2021			2020			2019

Derivative instruments designated as cash flow hedges:
Gains (losses) recognized in OCI on interest rate swaps		$	10,902		$	(66,372	)	$	(88,569	)
Gains (losses) on interest rate swaps reclassified from AOCI into income	Interest expense and finance charges, net	$	(42,115	)	$	(34,443	)	$	(8,455	)

Derivative instruments not designated as hedging instruments:
Gains (losses) recognized from foreign exchange forward contracts, net⁽¹⁾	Cost of products sold	$	18,073		$	-		$	-
Gains (losses) recognized from foreign exchange forward contracts, net⁽¹⁾	Other income (expense), net		(6,878	)		1,844			(588	)
Gains (losses) recognized from interest rate swaps, net	Interest expense and finance charges, net		128			(643	)		(3,004	)
Total		$	11,323		$	1,201		$	(3,592	)

(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.