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Pension and Postretirement Benefits (Tables)
12 Months Ended
Nov. 29, 2014
Pension And Postretirement Benefits [Abstract]  
Change in projected benefit obligation and plan assets [Table Text Block]
Pension BenefitsOther Postretirement
U.S. PlansNon-U.S. PlansBenefits
201420132014201320142013
Change in projected benefit obligation
Benefit obligation at beginning of year$ 347,668 $ 394,623 $ 206,407 $ 204,180 $ 50,811 $ 63,206
Service cost 93 106 1,699 1,799 434 623
Interest cost 16,086 14,719 7,626 7,486 2,143 2,133
Participant contributions - - - - 350 523
Actuarial (gain)/loss 62,014 (44,510) 30,312 (3,633) 3,948 (11,524)
Curtailments - (796) (100) (436) - -
Settlement - - (1,638) (1,325) - -
Benefits paid (17,266) (16,474) (8,377) (7,927) (3,316) (4,150)
Currency change effect - - (15,713) 6,263 - -
Benefit obligation at end of year 408,595 347,668 220,216 206,407 54,370 50,811
Change in plan assets
Fair value of plan assets at beginning of year 358,233 332,308 182,152 164,086 54,196 42,569
Actual return on plan assets 41,874 40,905 20,657 16,473 8,621 11,964
Employer contributions 1,494 1,494 7,856 2,027 3,225 3,290
Participant contributions - - - - 350 523
Benefits paid¹ (17,266) (16,474) (8,377) (5,871) (3,316) (4,150)
Currency change effect - - (14,078) 5,437 - -
Fair value of plan assets at end of year 384,335 358,233 188,210 182,152 63,076 54,196
Plan assets in excess of (less than) benefit obligation as of year end$ (24,260)$ (10,565)$ (32,006)$ (24,255)$ 8,706 $ 3,385
1 Amount excludes benefit payments made from sources other than plan assets.
Amounts in accumulated other comprehensive income that have not been recognized as components of net periodic benefit cost [Table Text Block]
Amounts in accumulated othercomprehensive income (loss) that have not been recognized as components of net periodic benefit costPension Benefits Other Postretirement
U.S. PlansNon-U.S. PlansBenefits
201420132014201320142013
Unrecognized actuarial loss$ 140,009 $ 100,579 $ 82,598 $ 64,290 $ 23,348 $ 25,988
Unrecognized prior service cost (benefit) 119 147 (17) (21) (2,546) (6,317)
Ending balance$ 140,128 $ 100,726 $ 82,581 $ 64,269 $ 20,802 $ 19,671
Statement of financial position as of fiscal year-end [Table Text Block]
Pension BenefitsOther Postretirement
U.S. PlansNon-U.S. PlansBenefits
201420132014201320142013
Statement of financial position as of fiscal year-end
Non-current assets$ - $ 29,560 $ 7,592 $ 8,959 $ 12,054 $ 6,858
Accrued benefit cost
Current liabilities (1,510) (1,505) (1,248) (2,711) (201) (314)
Non-current liabilities (22,750) (17,490) (38,350) (30,503) (3,146) (3,159)
Ending balance$ (24,260)$ 10,565 $ (32,006)$ (24,255)$ 8,707 $ 3,385
Pension plans with accumulated benefit and projected benefit obligations in excess of plan assets [Table Text Block]
The following amounts relate to pension plans with accumulated benefit obligations in excess of plan assets as of November 29, 2014 and November 30, 2013:
Pension Benefits and Other Postretirement Benefits
U.S. PlansNon-U.S. Plans
2014201320142013
Accumulated benefit obligation$ 20,568 $ 18,673 $ 122,860 $ 116,265
Fair value of plan assets - - 91,990 91,708
The following amounts relate to pension plans with projected benefit obligations in excess of plan assets as of November 29, 2014 and November 30, 2013:
Pension Benefits and Other Postretirement Benefits
U.S. PlansNon-U.S. Plans
2014201320142013
Projected benefit obligation$ 408,595 $ 18,996 $ 131,588 $ 124,922
Fair value of plan assets 384,335 - 91,990 91,708
Expected cash flows for employer contributions and benefit payments [Table Text Block]
Information about the expected cash flows follows:
Pension BenefitsOther
U.S. PlansNon-U.S. PlansPostretirement Benefits
Employer contributions
2015$ - $ 658 $ 3,000
Expected benefit payments
2015$ 18,108 $ 7,908 $ 3,432
2016 18,689 8,048 3,452
2017 19,372 8,374 3,478
2018 20,000 8,505 3,500
2019 20,517 8,643 3,524
2020-2024 110,995 46,852 17,647
Net periodic cost (benefit) [Table Text Block]
Components of net periodic benefit cost and other supplemental information for the years ended November 29, 2014, November 30, 2013 and December 1, 2012 follow:
Pension BenefitsOther
U.S. PlansNon-U.S. PlansPostretirement Benefits
Net periodic cost (benefit)201420132012201420132012201420132012
Service cost$ 93 $ 106 $ 90 $ 1,699 $ 1,799 $ 1,457 $ 434 $ 623 $ 541
Interest cost 16,086 14,719 16,098 7,626 7,486 8,222 2,143 2,133 2,469
Expected return on assets (23,865) (22,720) (23,758) (10,749) (9,390) (8,021) (4,742) (3,725) (3,263)
Amortization:
Prior service cost 29 49 49 (4) (4) (4) (3,771) (4,134) (4,693)
Actuarial (gain)/ loss 4,575 6,742 3,858 3,056 3,778 2,487 2,709 5,717 5,155
Divestitures - - - - - 7 - - -
Curtailment (gain)/loss - 102 - - 53 46 - - -
Settlement charge/(credit) - - - 246 153 65 - - -
Net periodic benefit cost (benefit)$ (3,082)$ (1,002)$ (3,663)$ 1,874 $ 3,875 $ 4,259 $ (3,227)$ 614 $ 209
Amounts expected to be amortized from accumulated other comprehensive income into net periodic benefit costs over next fiscal year [Table Text Block]
Pension Benefits
U.S. PlansNon-U.S. Plans Postretirement benefits
Amounts expected to be amortized from accumulated othercomprehensive income into net periodic benefit costs over next fiscalyear as of November 29, 2014
Amortization of prior service cost (benefit)$ 29 $ (4)$ (2,505)
Amortization of net actuarial (gain) loss 5,628 3,722 2,431
$ 5,657 $ 3,718 $ (74)
Weighted-average assumption used to determine benefit obligations and net costs [Table Text Block]
Pension BenefitsOther
Weighted-average assumptions used toU.S. PlansNon-U.S. PlansPostretirement Benefits
Determine benefit obligations201420132012201420132012201420132012
Discount rate 4.08%4.74%3.81%2.90%3.74%3.79%3.84%4.34%3.46%
Rate of compensation increase14.50%4.50%4.50%1.67%1.84%1.87%N/AN/AN/A
Weighted-average assumptions used to
Determine net costs for years ended201420132012201420132012201420132012
Discount rate 4.74%3.81%5.05%3.77%3.74%5.26%4.33%3.46%4.73%
Expected return on plan assets7.75%7.75%8.00%6.17%5.96%6.08%8.75%8.75%8.75%
Rate of compensation increase4.50%4.50%5.00%1.67%1.84%1.86%N/AN/AN/A
Assumed health care trend rates [Table Text Block]
Assumed health care trend rates201420132012
Health care cost trend rate assumed for next year6.50%7.25%7.25%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.00%5.00%5.00%
Fiscal year that the rate reaches the ultimate trend rate201820192018
Sensitivity information [Table Text Block]
One-Percentage Point
IncreaseDecrease
Effect on service and interest cost components – annual$ 1 $ (106)
Effect on accumulated postretirement benefit obligation$ 29 $ (2,598)
Asset allocation and fair value of plan assets [Table Text Block]
The asset allocation for the company’s U.S. and non-U.S. pension plans at the end of 2014 and 2013 follows.
U.S. Pension PlansNon-U.S. Pension PlansOther Postretirement Plans
Target Percentage of Plan Assets at Year-EndTarget Percentage of Plan Assets at Year-EndTarget Percentage of Plan Assets at Year-End
Asset Category201420142013201420142013201420142013
Equities60.0%60.2%61.9%50.4%49.8%50.2%0.0%0.0%0.0%
Fixed income40.0%38.9%37.3%48.2%46.7%46.4%0.0%0.0%0.0%
Real Estate0.0%0.0%0.0%1.4%1.1%1.1%0.0%0.0%0.0%
Insurance0.0%0.0%0.0%0.0%0.0%0.0%100.0%98.3%99.4%
Cash0.0%0.9%0.8%0.0%2.4%2.3%0.0%1.7%0.6%
Total100%100%100%100%100%100%100%100%100%

November 29, 2014
U.S. Pension Plans Level 1 Level 2 Level 3 Total Assets
Equities$ 138,308 $ 93,056 $ - $ 231,364
Fixed income 27,782 121,450 407 149,639
Cash 3,332 - - 3,332
Total$ 169,422 $ 214,506 $ 407 $ 384,335
Non-U.S. Pension Plans Level 1 Level 2 Level 3 Total Assets
Equities$ 34,362 $ 59,504 $ - $ 93,866
Fixed income 48,346 39,006 582 87,934
Real Estate - - 2,160 2,160
Cash 4,464 - - 4,464
Total$ 87,172 $ 98,510 $ 2,742 $ 188,424
Other Postretirement Benefits Level 1 Level 2 Level 3 Total Assets
Insurance$ - $ - $ 61,980 $ 61,980
Cash 1,096 - - 1,096
Total$ 1,096 $ - $ 61,980 $ 63,076
November 30, 2013
U.S. Pension Plans Level 1 Level 2 Level 3 Total Assets
Equities$ 132,768 $ 88,946 $ - $ 221,714
Fixed income 50,925 82,411 463 133,799
Cash 2,720 - - 2,720
Total$ 186,413 $ 171,357 $ 463 $ 358,233
Non-U.S. Pension Plans Level 1 Level 2 Level 3 Total Assets
Equities$ 34,045 $ 57,380 $ - $ 91,425
Fixed income 48,767 35,158 590 84,515
Real Estate - - 1,940 1,940
Cash 4,272 - - 4,272
Total$ 87,084 $ 92,538 $ 2,530 $ 182,152
Other Postretirement Benefits Level 1 Level 2 Level 3 Total Assets
Insurance$ - $ - $ 53,875 $ 53,875
Cash 321 - - 321
Total$ 321 $ - $ 53,875 $ 54,196
Level 3 investments roll forward [Table Text Block]
U.S. Pension PlansFixed IncomeTotal
Level 3 balance at beginning of year$ 463 $ 463
Purchases, sales, issuances and settlements, net (56) (56)
Level 3 balance at end of year$ 407 $ 407
Non-U.S. Pension PlansFixed IncomeReal EstateTotal
Level 3 balance at beginning of year$ 590 $ 1,940 $ 2,530
Net transfers into / (out of) level 3 34 (15) 19
Net gains 11 340 351
Currency change effect (53) (105) (158)
Level 3 balance at end of year$ 582 $ 2,160 $ 2,742
Other Postretirement BenefitsInsuranceTotal
Level 3 balance at beginning of year$ 53,875 $ 53,875
Net transfers into / (out of) level 3 (142) (142)
Purchases, sales, issuances and settlements, net (409) (409)
Net gains 8,656 8,656
Level 3 balance at end of year$ 61,980 $ 61,980