XML 21 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 25, 2019
Nov. 25, 2018
Current Assets:    
Cash and cash equivalents $ 863,773 $ 713,120
Short-term investments 80,220 0
Trade receivables, net of allowance for doubtful accounts of $9,438 and $10,037 722,001 534,164
Inventories:    
Raw materials 5,560 3,681
Work-in-process 2,754 2,977
Finished goods 927,243 877,115
Total inventories 935,557 883,773
Other current assets 212,116 157,002
Total current assets 2,813,667 2,288,059
Property, plant and equipment, net of accumulated depreciation of $1,033,729 and $974,206 498,938 460,613
Goodwill 235,630 236,246
Other intangible assets, net 42,794 42,835
Deferred tax assets, net 413,256 397,791
Other non-current assets 134,712 117,116
Total assets 4,138,997 3,542,660
Current Liabilities:    
Short-term debt 27,554 31,935
Accounts payable 357,747 351,329
Accrued salaries, wages and employee benefits 194,291 298,990
Accrued interest payable 16,263 6,089
Accrued income taxes 47,370 15,466
Accrued Sales Commission 125,456 0
Other accrued liabilities 417,342 348,390
Total current liabilities 1,186,023 1,052,199
Long-term debt 1,007,008 1,020,219
Postretirement medical benefits 68,783 74,181
Pension liability 187,793 195,639
Long-term employee related benefits 80,406 107,556
Long-term income tax liabilities 11,716 9,805
Other long-term liabilities 128,923 116,462
Total liabilities 2,670,652 2,576,061
Commitments and contingencies
Temporary equity 0 299,140
Levi Strauss & Co. stockholders’ equity    
Common stock — $.001 par value; 1,200,000,000 Class A shares authorized, 43,028,267 shares and no shares issued and outstanding as of August 25, 2019 and November 25, 2018, respectively; and 422,000,000 Class B shares authorized, 349,644,520 shares and 376,028,430 shares issued and outstanding, as of August 25, 2019 and November 25, 2018, respectively 393 376
Additional paid-in capital 647,633 0
Accumulated other comprehensive loss (406,450) (424,584)
Retained earnings 1,219,089 1,084,321
Total Levi Strauss & Co. stockholders’ equity 1,460,665 660,113
Noncontrolling interest 7,680 7,346
Total stockholders’ equity 1,468,345 667,459
Total liabilities, temporary equity and stockholders’ equity $ 4,138,997 $ 3,542,660