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Stock-Based Incentive Compensation Plans (Tables)
12 Months Ended
Nov. 27, 2016
Share-based Compensation [Abstract]  
Stock appreciation rights award activity
SARs activity during the year ended November 27, 2016 was as follows:
 
Service SARs
 
Performance-based SARs
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life (Years)
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Life (Years)
 
(Units in thousands)
Outstanding at November 29, 2015
2,669

 
$
47.02

 
4.3
 
1,228

 
$
54.96

 
5.0
Granted
629

 
62.27

 
 
 
419

 
62.27

 
 
Exercised
(71
)
 
46.80

 
 
 
(45
)
 
42.44

 
 
Forfeited
(106
)
 
64.88

 
 
 
(92
)
 
68.32

 
 
Expired
(19
)
 
74.05

 
 
 

 

 
 
Canceled/Performance adjusted

 

 
 
 
(308
)
 
40.43

 
 
Outstanding at November 27, 2016
3,102

 
$
49.35

 
3.9
 
1,202

 
$
60.68

 
5.0
Vested and expected to vest at November 27, 2016
3,028

 
$
48.96

 
3.8
 
1,040

 
$
59.96

 
4.9
Exercisable at November 27, 2016
1,902

 
$
38.63

 
2.8
 
263

 
$
40.09

 
3.3
Stock appreciation rights, valuation assumptions
The weighted-average grant date fair values and corresponding weighted-average assumptions used in the Black-Scholes option valuation model were as follows:
 
Service SARs Granted
 
Performance-based SARs Granted
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Weighted-average grant date fair value
$
15.74

 
$
18.24

 
$
14.62

 
$
15.94

 
$
18.73

 
$
15.75

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average assumptions:
 
 
 
 
 
 
 
 
 
 
 
Expected life (in years)
4.8

 
4.7

 
4.7

 
5.0

 
5.0

 
5.0

Expected volatility
36.4
%
 
31.8
%
 
31.8
%
 
36.3
%
 
31.8
%
 
33.1
%
Risk-free interest rate
1.1
%
 
1.2
%
 
1.5
%
 
1.1
%
 
1.3
%
 
1.6
%
Expected dividend
2.5
%
 
1.6
%
 
1.2
%
 
2.5
%
 
1.6
%
 
1.2
%

The weighted-average grant date fair value of SARs subject to market conditions was estimated using a Monte Carlo simulation model. The weighted-average grant date fair values and corresponding weighted-average assumptions used in the model were as follows:
 
Performance-based SARs Granted
 
2016
 
2015
 
2014
Weighted-average grant date fair value
$
20.56

 
$
21.41

 
$
22.63

 
 
 
 
 
 
Weighted-average assumptions:
 
 
 
 
 
Expected life (in years)
4.8

 
4.8

 
4.8

Expected volatility
36.5
%
 
30.1
%
 
33.0
%
Risk-free interest rate
1.5
%
 
1.6
%
 
2.2
%
Expected dividend
2.6
%
 
1.8
%
 
1.0
%
Restricted stock units award activity
RSU activity during the year ended November 27, 2016 was as follows:
 
Units
 
Weighted-Average Fair Value
 
(Units in thousands)
Outstanding at November 29, 2015
66

 
$
58.51

Granted
23

 
67.95

Converted
(13
)
 
61.47

Outstanding, vested and expected to vest at November 27, 2016
76

 
$
60.90

Total shareholder return plan activity
Liability award activity during the year ended November 27, 2016 was as follows:
 
PRSUs
 
Units
 
Weighted-Average Exercise Price
 
Weighted-Average Fair Value At Period End
 
 
Outstanding at November 29, 2015
626

 
$
57.92

 
$
68.00

Granted
334

 
61.94

 
 
Vested
(245
)
 
38.40

 
 
Performance adjustment of PRSU
(6
)
 
111.34

 
 
Forfeited
(70
)
 
67.58

 
 
Outstanding at November 27, 2016
639

 
$
65.92

 
$
67.00

Expected to vest at November 27, 2016
560

 
$
66.09

 
$
67.00

Exercisable at November 27, 2016

 
$

 
$

Total shareholder return plan, valuation assumptions
The weighted-average assumptions used in the TSRPs Black-Scholes model were as follows:
 
 
 
November 30, 2014
Weighted-average assumptions:
 
Expected life (in years)
0.1

Expected volatility
27.3
%
Risk-free interest rate

Expected dividend
1.2
%