Debt

3 Months Ended

Feb. 25, 2024

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company’s debt: 

	February 25, 2024		November 26, 2023
	(Dollars in millions)
Long-term debt
3.375% senior notes due 2027	$	511.3	$	514.9
3.50% senior notes due 2031	494.7		494.5
Total long-term debt	$	1,006.0	$	1,009.4
Short-term debt
Short-term borrowings	4.3		12.5
Total debt	$	1,010.3	$	1,021.9

Senior Revolving Credit Facility

As of February 25, 2024, the Company had no borrowings under the Credit Facility. The Company’s unused availability under the Credit Facility was $933.7 million at February 25, 2024, as the total availability of $950.9 million was reduced by $17.2 million of letters of credit and other credit usage allocated under the Credit Facility.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended February 25, 2024 was 3.91%, as compared to 3.86% during the same period of 2023.