Debt

9 Months Ended

Aug. 25, 2024

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company’s debt: 

	August 25, 2024		November 26, 2023
	(Dollars in millions)
Long-term debt
3.375% senior notes due 2027	$	525.4	$	514.9
3.50% senior notes due 2031	495.1		494.5
Total long-term debt	$	1,020.5	$	1,009.4
Short-term debt
Short-term borrowings	6.8		12.5
Total debt	$	1,027.3	$	1,021.9

Senior Revolving Credit Facility

As of August 25, 2024, the Company had no borrowings under the Credit Facility. The Company’s unused availability under the Credit Facility was $705.8 million at August 25, 2024, as the total availability of $726.8 million was reduced by $21.0 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 and nine months ended August 25, 2024 was 3.97% and 3.98%, respectively, as compared to 4.35% and 4.24%, respectively, during the same periods of 2023.