Fair Value Measurements (Tables)

12 Months Ended

Nov. 27, 2020

Fair Value Disclosures [Abstract]

Financial assets and liabilities at fair value on a recurring basis

The fair value of our financial assets and liabilities at November 27, 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	$	28	$	—	$	28	$	—
Money market mutual funds	3,483		3,483		—		—
Time deposits	118		118		—		—
Short-term investments:
Asset-backed securities	106		—		106		—
Corporate debt securities	1,386		—		1,386		—
Foreign government securities	3		—		3		—
Municipal securities	19		—		19		—
Prepaid expenses and other current assets:
Foreign currency derivatives	15		—		15		—
Other assets:
Deferred compensation plan assets	116		7		109		—
Total assets	$	5,274	$	3,608	$	1,666	$	—

Liabilities:
Accrued expenses:
Foreign currency derivatives	$	4	$	—	$	4	$	—

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	$	—