Accumulated Other Comprehensive Loss

12 Months Ended

Nov. 27, 2022

Accumulated other comprehensive (loss) income is summarized below:


	Levi Strauss & Co.										Noncontrolling Interest(1)
	Pension and Postretirement Benefits		Translation Adjustments				Unrealized Gain (Loss) on Marketable Securities
			Derivative Instruments		Foreign Currency Translation				Total		Foreign Currency Translation		Totals

	(Dollars in millions)
Accumulated other comprehensive (loss) income at November 24, 2019	$	(220.9)	$	(24.9)	$	(165.5)	$	6.3	$	(405.0)	$	9.6	$	(395.4)
Gross changes	60.9		(55.2)		10.5		9.7		25.9		(9.6)		16.3
Tax	(15.1)		13.7		(3.6)		(2.9)		(7.9)		—		(7.9)
Cumulative effect of adoption of new accounting standards(2)	(47.3)		(8.0)		—		0.9		(54.4)		—		(54.4)
Other comprehensive income (loss), net of tax	(1.5)		(49.5)		6.9		7.7		(36.4)		(9.6)		(46.0)
Accumulated other comprehensive (loss) income at November 29, 2020	(222.4)		(74.4)		(158.6)		14.0		(441.4)		—		(441.4)
Gross changes	35.1		69.7		(51.1)		5.7		59.4		—		59.4
Tax	(8.2)		(16.2)		12.9		(0.9)		(12.4)		—		(12.4)
Other comprehensive income (loss), net of tax	26.9		53.5		(38.2)		4.8		47.0		—		47.0
Accumulated other comprehensive (loss) income at November 28, 2021	(195.5)		(20.9)		(196.8)		18.8		(394.4)		—		(394.4)
Gross changes	22.1		36.1		(65.0)		(20.6)		(27.4)		—		(27.4)
Tax	(6.1)		(8.0)		13.1		4.0		3.0		—		3.0
Other comprehensive (loss) income, net of tax	16.0		28.1		(51.9)		(16.6)		(24.4)		—		(24.4)
Adjustment of accumulated other comprehensive gain to retained earnings	$	—	$	—	$	—	$	(2.9)	(2.9)		$	—	(2.9)
Accumulated other comprehensive (loss) income at November 27, 2022	$	(179.5)	$	7.2	$	(248.7)	$	(0.7)	$	(421.7)	$	—	$	(421.7)

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(1)On January 9, 2020, Company completed an all cash tender offer for the acquisition of the remaining minority interest shares of Levi Strauss Japan K.K.

(2)Impact relates to the adoption of ASU 2018-02 Income Statement - Reporting Comprehensive Income (Topic 220).

No material amounts were reclassified out of "Accumulated other comprehensive loss" into net income (loss) other than those that pertain to the Company's derivative instruments and pension and post retirement benefit plans. For additional information, see Note 7 and Note 10, respectively.