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Restructuring Charges (Tables)
3 Months Ended
Mar. 01, 2015
Restructuring Liabilities Disclosures [Abstract]  
Composition of Restructuring Charges
The table below summarizes the components of charges included in “Restructuring, net” in the Company’s consolidated statements of income:
 
Three Months Ended
 
March 1,
2015
 
February 23,
2014
 
(Dollars in thousands)
Restructuring, net:
 
 
 
Severance and employee-related benefits(1)
$
5,320

 
$
51,321

Adjustments to severance and employee-related benefits
(1,249
)
 

Lease and other contract termination costs

 

Other(2)
414

 
5,657

Adjustments to other
(482
)
 

Noncash pension and postretirement curtailment losses, net(3)
335

 
957

Total
$
4,338

 
$
57,935

_____________

(1)
Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative.

(2)
Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative.

(3)
Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" in the Company's consolidated balance sheets.
Restructuring Liability Rollforward
The following table summarizes the activities associated with restructuring liabilities for the three months ended March 1, 2015. In the table below, "Charges" represents the initial charge related to the restructuring activity. "Adjustments" includes revisions of estimates related to severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. "Payments" consists of cash payments for severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs.
 
Three Months Ended March 1, 2015
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
November 30, 2014
 
Charges
 
 
Payments
 
 
March 1, 2015
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$
56,963

 
$
5,320

 
$
(1,249
)
 
$
(13,681
)
 
$
(3,738
)
 
$
43,615

Lease and other contract termination costs

 

 

 

 

 

Other
6,400

 
414

 
(482
)
 
(6,331
)
 

 
1

Total
$
63,363

 
$
5,734

 
$
(1,731
)
 
$
(20,012
)
 
$
(3,738
)
 
$
43,616

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$
57,817

 
 
 
 
 
 
 
 
 
$
42,596

Long-term portion
5,546

 
 
 
 
 
 
 
 
 
1,020

Total
$
63,363

 
 
 
 
 
 
 
 
 
$
43,616

 
Three Months Ended February 23, 2014
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
November 24, 2013
 
Charges
 
 
Payments
 
 
February 23, 2014
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$

 
$
51,321

 
$

 
$

 
$

 
$
51,321

Lease and other contract termination costs

 

 

 

 

 

Other

 
5,657

 

 

 

 
5,657

Total
$

 
$
56,978

 
$

 
$

 
$

 
$
56,978

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$

 
 
 
 
 
 
 
 
 
$
56,978

Long-term portion

 
 
 
 
 
 
 
 
 

Total
$

 
 
 
 
 
 
 
 
 
$
56,978