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Restructuring Charges (Tables)
6 Months Ended
May. 31, 2015
Restructuring Liabilities Disclosures [Abstract]  
Components of Charges Included in Restructuring, net
The table below summarizes the components of charges included in “Restructuring, net” in the Company’s consolidated statements of income:
 
Three Months Ended
 
Six Months Ended
 
May 31,
2015
 
May 25,
2014
 
May 31,
2015
 
May 25,
2014
 
(Dollars in thousands)
Restructuring, net:
 
 
 
 
 
 
 
Severance and employee-related benefits(1)
$
2,436

 
$
13,427

 
$
7,756

 
$
64,748

Adjustments to severance and employee-related benefits
(514
)
 
(3,045
)
 
(1,763
)
 
(3,045
)
Lease and other contract termination costs

 

 

 

Other(2)
965

 
4,504

 
1,379

 
10,161

Adjustments to other
15

 

 
(467
)
 

Noncash pension and postretirement curtailment losses, net(3)
52

 
4,219

 
387

 
5,176

Total
$
2,954

 
$
19,105

 
$
7,292

 
$
77,040

_____________

(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 and six months ended May 31, 2015, and May 25, 2014. 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 May 31, 2015
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
March 1, 2015
 
Charges
 
 
Payments
 
 
May 31, 2015
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$
43,615

 
$
2,436

 
$
(514
)
 
$
(11,792
)
 
$
(618
)
 
$
33,127

Lease and other contract termination costs

 

 

 

 

 

Other
1

 
965

 
15

 
(981
)
 

 

Total
$
43,616

 
$
3,401

 
$
(499
)
 
$
(12,773
)
 
$
(618
)
 
$
33,127

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$
42,596

 
 
 
 
 
 
 
 
 
$
32,472

Long-term portion
1,020

 
 
 
 
 
 
 
 
 
655

Total
$
43,616

 
 
 
 
 
 
 
 
 
$
33,127

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended May 25, 2014
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
February 23, 2014
 
Charges
 
 
Payments
 
 
May 25, 2014
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$
51,321

 
$
13,427

 
$
(3,045
)
 
$
(13,477
)
 
$
(850
)
 
$
47,376

Lease and other contract termination costs

 

 

 

 

 

Other
5,657

 
4,504

 

 
(7,788
)
 

 
2,373

Total
$
56,978

 
$
17,931

 
$
(3,045
)
 
$
(21,265
)
 
$
(850
)
 
$
49,749

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$
56,978

 
 
 
 
 
 
 
 
 
$
49,749

Long-term portion

 
 
 
 
 
 
 
 
 

Total
$
56,978

 
 
 
 
 
 
 
 
 
$
49,749

 
Six Months Ended May 31, 2015
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
November 30, 2014
 
Charges
 
 
Payments
 
 
May 31, 2015
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$
56,963

 
$
7,756

 
$
(1,763
)
 
$
(25,473
)
 
$
(4,356
)
 
$
33,127

Lease and other contract termination costs

 

 

 

 

 

Other
6,400

 
1,379

 
(467
)
 
(7,312
)
 

 

Total
$
63,363

 
$
9,135

 
$
(2,230
)
 
$
(32,785
)
 
$
(4,356
)
 
$
33,127

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$
57,817

 
 
 
 
 
 
 
 
 
$
32,472

Long-term portion
5,546

 
 
 
 
 
 
 
 
 
655

Total
$
63,363

 
 
 
 
 
 
 
 
 
$
33,127

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended May 25, 2014
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
November 24, 2013
 
Charges
 
 
Payments
 
 
May 25, 2014
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$

 
$
64,748

 
$
(3,045
)
 
$
(13,477
)
 
$
(850
)
 
$
47,376

Lease and other contract termination costs

 

 

 

 

 

Other

 
10,161

 

 
(7,788
)
 

 
2,373

Total
$

 
$
74,909

 
$
(3,045
)
 
$
(21,265
)
 
$
(850
)
 
$
49,749

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$

 
 
 
 
 
 
 
 
 
$
49,749

Long-term portion

 
 
 
 
 
 
 
 
 

Total
$

 
 
 
 
 
 
 
 
 
$
49,749