Fair Value Measurements (Tables)

12 Months Ended

Dec. 03, 2021

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 December 3, 2021 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	$	5	$	—	$	5	$	—
Money market funds	2,914		2,914		—		—
Time deposits	175		175		—		—
Short-term investments:
Asset-backed securities	124		—		124		—
Corporate debt securities	1,425		—		1,425		—
Municipal securities	28		—		28		—
U.S. Treasury securities	377		—		377		—
Prepaid expenses and other current assets:
Foreign currency derivatives	98		—		98		—
Other assets:
Deferred compensation plan assets	151		151		—		—
Total assets	$	5,297	$	3,240	$	2,057	$	—

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

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 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		116		—		—
Total assets	$	5,274	$	3,717	$	1,557	$	—

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