Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 01, 2024

The following is a summary of the components of "Accumulated other comprehensive loss", net of related income taxes:


	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized Gain (Loss) on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at November 28, 2021	$	(195.5)	$	(20.9)	$	(196.8)	$	18.8	$	(394.4)
Other comprehensive income (loss) before reclassifications	7.5		48.9		(51.9)		(16.6)		(12.1)
Amounts reclassified from accumulated other comprehensive loss	8.5		(20.8)		—		—		(12.3)
Adjustment of accumulated other comprehensive gain to retained earnings	—		—		—		(2.9)		(2.9)
Net increase (decrease) in other comprehensive income (loss)	16.0		28.1		(51.9)		(19.5)		(27.3)
Accumulated other comprehensive loss at November 27, 2022	(179.5)		7.2		(248.7)		(0.7)		(421.7)
Other comprehensive income (loss) before reclassifications	(1.4)		(28.1)		53.0		0.1		23.6
Amounts reclassified from accumulated other comprehensive loss	27.7		(21.1)		—		0.6		7.2

Net increase (decrease) in other comprehensive income (loss)	26.3		(49.2)		53.0		0.7		30.8
Accumulated other comprehensive loss at November 26, 2023	(153.2)		(42.0)		(195.7)		—		(390.9)
Other comprehensive income (loss) before reclassifications	3.1		15.2		(88.6)		—		(70.3)
Amounts reclassified from accumulated other comprehensive loss	8.9		17.8		—		—		26.7
Net increase (decrease) in other comprehensive income (loss)	12.0		33.0		(88.6)		—		(43.6)
Accumulated other comprehensive loss at December 1, 2024	$	(141.2)	$	(9.0)	$	(284.3)	$	—	$	(434.5)

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(1)Amounts reclassified were recorded in other (expense) income, net.

(2)Amounts reclassified were recorded within net revenues and cost of goods sold. For more information, refer to Note 5.