Fair Value Measurements (Tables)

3 Months Ended

Feb. 28, 2020

The fair value of our financial assets and liabilities at February 28, 2020 was determined using the following inputs:



(in millions)	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate debt securities	$	45	$	—	$	45	$	—
Money market mutual funds	2,143		2,143				—
Time deposits	27		27				—
Short-term investments:
Asset-backed securities	96		—		96		—
Corporate debt securities	1,376		—		1,376		—
Municipal securities	11		—		11		—
Prepaid expenses and other current assets:
Foreign currency derivatives	33		—		33		—
Other assets:
Deferred compensation plan assets	98		4		94		—
Total assets	$	3,829	$	2,174	$	1,655	$	—



Liabilities:
Accrued expenses:
Foreign currency derivatives	$	8	$	—	$	8	$	—

The fair value of our financial assets and liabilities at November 29, 2019 was determined using the following inputs:



(in millions)	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash equivalents:
Corporate debt securities	$	46	$	—	$	46	$	—
Money market mutual funds	2,049		2,049		—		—
Time deposits	88		88		—		—
Short-term investments:
Asset-backed securities	89		—		89		—
Corporate debt securities	1,412		—		1,412		—
Municipal securities	18		—		18		—
U.S. Treasury securities	8		—		8		—
Prepaid expenses and other current assets:
Foreign currency derivatives	29		—		29		—
Other assets:
Deferred compensation plan assets	94		5		89		—
Total assets	$	3,833	$	2,142	$	1,691	$	—



Liabilities:
Accrued expenses:
Treasury lock derivatives	$	30	$	—	$	30	$	—
Foreign currency derivatives	3		—		3		—
Total liabilities	$	33	$	—	$	33	$	—