Debt (Tables)

9 Months Ended

Aug. 28, 2020

Debt Disclosure [Abstract]

Carrying value of outstanding debt

The carrying values of our borrowings as of August 28, 2020 and November 29, 2019 were as follows:

(dollars in millions)	Issuance Date	Due Date	Effective Interest Rate	August 28, 2020		November 29, 2019
4.75% 2020 Notes	February 2010	February 2020	4.92%	$	—	$	900
1.70% 2023 Notes	February 2020	February 2023	1.92%	500		—
1.90% 2025 Notes	February 2020	February 2025	2.07%	500		—
3.25% 2025 Notes	January 2015	February 2025	3.67%	1,000		1,000
2.15% 2027 Notes	February 2020	February 2027	2.26%	850		—
2.30% 2030 Notes	February 2020	February 2030	2.69%	1,300		—
Term Loan	October 2018	April 2020	2.47%	—		2,250
Total debt outstanding, at par				$	4,150	$	4,150
Less: Current portion of debt				—		(3,150)
Unamortized discount and debt issuance costs				(34)		(11)
Carrying value of long-term debt				$	4,116	$	989
Current portion of debt, at par				$	—	$	3,150
Unamortized discount and debt issuance costs				—		(1)
Carrying value of current debt				$	—	$	3,149