Business Segment Information

12 Months Ended

Nov. 27, 2011

Business Segment Information [Abstract]

BUSINESS SEGMENT INFORMATION

NOTE 19:  BUSINESS SEGMENT INFORMATION

The Company manages its business according to three regional segments, the Americas, Europe and Asia Pacific. The Company considers itschief executive officer to be the Company's chiefoperating decision maker. The Company's management, including the chief operating decision maker, manages business operations, evaluates performance and allocates resources based on the regional segments' net revenues and operating income. The Company reports net trade receivables and inventories by segment as that information is used by the chief operating decision maker in assessing segment performance. The Company does not report its other assets by segment as that information is not used by the chief operating decision maker in assessing segment performance.

In each of 2010 and 2011, accountability for information technology, human resources, advertising and promotion, and marketing staff costs of a global nature, that in prior years had been captured in the Company's geographic regions, was centralized under corporate management. Subsequent to these changes, these costs were classified as corporate expenses. These costs were not significant to any of the Company's regional segments individually in any of the periods presented herein, and accordingly business segment information for prior years has not been revised.

Business segment information for the Company was as follows:

				Year Ended
				November 27,		November 28,		November 29,
				2011		2010		2009
					(Dollars in thousands)
Net revenues:
	Americas			$	2,715,925	$	2,549,086	$	2,357,662
	Europe				1,174,138		1,105,264		1,042,131
	Asia Pacific				871,503		756,299		705,973
			Total net revenues	$	4,761,566	$	4,410,649	$	4,105,766
Operating income:
	Americas			$	393,906	$	402,530	$	346,329
	Europe				182,306		163,475		154,839
	Asia Pacific				108,065		86,274		90,967
		Regional operating income			684,277		652,279		592,135
		Corporate expenses			347,884		270,918		214,047
			Total operating income		336,393		381,361		378,088
Interest expense					(132,043)		(135,823)		(148,718)
Loss on early extinguishment of debt					(248)		(16,587)		-
Other income (expense), net					(1,275)		6,647		(39,445)
	Income before income taxes			$	202,827	$	235,598	$	189,925
				Year Ended
				November 27,		November 28,		November 29,
				2011		2010		2009
				(Dollars in thousands)
Depreciation and amortization expense:
	Americas			$	53,804	$	51,050	$	44,492
	Europe				23,803		25,485		21,599
	Asia Pacific				12,878		11,798		11,238
	Corporate				27,308		16,563		7,274
		Total depreciation and amortization expense		$	117,793	$	104,896	$	84,603

			November 27, 2011
							Asia				Consolidated
			Americas		Europe		Pacific		Unallocated		Total
			(Dollars in thousands)
Assets:
	Trade receivables, net		$	404,401	$	164,077	$	66,779	$	19,646	$	654,903
	Inventories			332,955		141,764		130,953		5,730		611,402
	All other assets			-		-		-		2,013,250		2,013,250
		Total assets									$	3,279,555
			November 28, 2010
							Asia				Consolidated
			Americas		Europe		Pacific		Unallocated		Total
			(Dollars in thousands)
Assets:
	Trade receivables, net		$	360,027	$	105,189	$	69,762	$	18,407	$	553,385
	Inventories			313,920		158,139		104,630		3,214		579,903
	All other assets			-		-		-		2,001,961		2,001,961
		Total assets									$	3,135,249

Geographic information for the Company was as follows:
			Year Ended
			November 27,		November 28,		November 29,
			2011		2010		2009
			(Dollars in thousands)
Net revenues:
	United States		$	2,380,096	$	2,248,340	$	2,107,055
	Foreign countries			2,381,470		2,162,309		1,998,711
		Total net revenues	$	4,761,566	$	4,410,649	$	4,105,766

			Year Ended
			November 27,		November 28,		November 29,
			2011		2010		2009
			(Dollars in thousands)
Deferred tax assets:
	United States		$	643,767	$	646,050	$	677,245
	Foreign countries			68,938		50,895		59,789
		Total deferred tax assets	$	712,705	$	696,945	$	737,034

			Year Ended
			November 27,		November 28,		November 29,
			2011		2010		2009
			(Dollars in thousands)
Long-lived assets:
	United States		$	365,907	$	337,592	$	270,344
	Foreign countries			152,874		169,557		181,023
		Total long-lived assets	$	518,781	$	507,149	$	451,367