Levi Strauss & Co. (LEVI) 10-Q 11 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Aug. 28, 2016	Oct. 06, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	LEVI STRAUSS & CO
Entity Central Index Key	94,845
Current Fiscal Year End Date	--11-27
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Aug. 28, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		37,470,158
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
Current Assets:
Cash and cash equivalents	$ 271,640	$ 318,571
Trade receivables, net of allowance for doubtful accounts of $13,370 and $11,025	445,238	498,196
Inventories:
Raw materials	3,522	3,368
Work-in-process	3,408	3,031
Finished goods	844,240	600,460
Total inventories	851,170	606,859
Other current assets	105,809	104,523
Total current assets	1,673,857	1,528,149
Property, plant and equipment, net of accumulated depreciation of $845,158 and $811,013	384,501	390,829
Goodwill	236,066	235,041
Other intangible assets, net	43,033	43,350
Non-current deferred tax assets, net	556,556	580,640
Other non-current assets	95,360	106,386
Total assets	2,989,373	2,884,395
Current Liabilities:
Short-term debt	61,235	114,978
Long-term Debt, Current Maturities	39,791	32,625
Accounts payable	269,737	238,309
Accrued salaries, wages and employee benefits	163,029	182,430
Restructuring liabilities	8,603	20,141
Accrued interest payable	21,345	5,510
Accrued income taxes	18,531	6,567
Other accrued liabilities	254,165	245,607
Total current liabilities	836,436	846,167
Long-term debt	1,005,902	1,004,938
Long-term capital leases	14,782	12,320
Postretirement medical benefits	96,718	105,240
Pension liability	340,142	358,443
Long-term employee related benefits	68,167	73,342
Long-term income tax liabilities	23,314	26,312
Other long-term liabilities	60,930	56,987
Total liabilities	2,446,391	2,483,749
Commitments and contingencies
Temporary equity	82,829	68,783
Levi Strauss & Co. stockholders’ equity
Common stock — $.01 par value; 270,000,000 shares authorized; 37,467,442 shares and 37,460,145 shares issued and outstanding	375	375
Additional paid-in capital	0	3,291
Retained earnings	834,488	705,668
Accumulated other comprehensive loss	(377,093)	(379,066)
Total Levi Strauss & Co. stockholders’ equity	457,770	330,268
Noncontrolling interest	2,383	1,595
Total stockholders’ equity	460,153	331,863
Total liabilities, temporary equity and stockholders’ equity	$ 2,989,373	$ 2,884,395

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
ASSETS
Accumulated depreciation	$ 845,158	$ 811,013
Current Assets:
Allowance for doubtful accounts	$ 13,370	$ 11,025
Levi Strauss & Co. stockholders’ equity
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	270,000,000	270,000,000
Common stock, shares issued	37,467,442	37,460,145
Common stock, shares outstanding	37,467,442	37,460,145

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Income Statement [Abstract]
Net revenues	$ 1,185,111	$ 1,142,012	$ 3,253,198	$ 3,209,267
Cost of goods sold	592,305	568,655	1,583,596	1,598,614
Gross profit	592,806	573,357	1,669,602	1,610,653
Selling, general and administrative expenses	448,525	454,530	1,349,039	1,329,474
Restructuring, net	(627)	4,054	1,030	11,346
Operating income	144,908	114,773	319,533	269,833
Interest expense	(19,170)	(17,138)	(54,483)	(62,363)
Loss on early extinguishment of debt	0	0	0	(14,002)
Other income (expense), net	4,679	(8,316)	6,755	(26,705)
Income before income taxes	130,417	89,319	271,805	166,763
Income tax expense	32,713	30,858	76,750	58,567
Net income	97,704	58,461	195,055	108,196
Net loss (income) attributable to noncontrolling interest	614	(286)	(176)	62
Net income attributable to Levi Strauss & Co.	$ 98,318	$ 58,175	$ 194,879	$ 108,258

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 97,704	$ 58,461	$ 195,055	$ 108,196
Other comprehensive income (loss), before related income taxes:
Pension and postretirement benefits	3,356	4,678	10,673	13,613
Net investment hedge (losses) gains	(804)	(319)	(1,718)	285
Foreign currency translation losses	(33)	(14,034)	(1,731)	(23,534)
Unrealized gains (losses) on marketable securities	675	(1,389)	356	(1,115)
Total other comprehensive income (loss), before related income taxes	3,194	(11,064)	7,580	(10,751)
Income taxes related to items of other comprehensive income	(1,356)	(2,083)	(4,994)	(3,384)
Comprehensive income, net of income taxes	99,542	45,314	197,641	94,061
Comprehensive loss (income) attributable to noncontrolling interest	333	(331)	(788)	98
Comprehensive income attributable to Levi Strauss & Co.	$ 99,875	$ 44,983	$ 196,853	$ 94,159

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		9 Months Ended
		Aug. 28, 2016	Aug. 30, 2015
Cash Flows from Operating Activities:
Net income		$ 195,055	$ 108,196
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		75,966	75,448
Asset impairments		1,259	1,912
Gain on sale of assets		(6,024)	(8,607)
Unrealized foreign exchange losses		17,702	11,667
Realized gain on settlement of forward foreign exchange contracts not designated for hedge accounting		(21,419)	(6,107)
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement loss		11,240	12,764
Employee benefit plans’ curtailment loss		35	0
Noncash restructuring (gain) charges	[1]	(396)	269
Noncash loss on early extinguishment of debt		0	3,448
Amortization of premium, discount and debt issuance costs		1,909	1,546
Stock-based compensation		6,045	12,827
Allowance for doubtful accounts		2,622	890
Change in operating assets and liabilities:
Trade receivables		40,334	62,259
Inventories		(255,460)	(41,789)
Other current assets		248	3,110
Other non-current assets		(12,504)	(9,080)
Accounts payable and other accrued liabilities		77,355	(35,209)
Restructuring Liabilities		(13,618)	(31,314)
Income tax liabilities		34,309	16,697
Accrued salaries, wages and employee benefits and long-term employee related benefits		(55,595)	(56,415)
Other long-term liabilities		3,756	(13,402)
Other, net		0	1,221
Net cash provided by operating activities		102,819	110,331
Cash Flows from Investing Activities:
Purchases of property, plant and equipment		(74,797)	(66,405)
Proceeds from sales of assets		17,279	8,977
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting		21,419	6,107
Acquisitions, net of cash acquired		(47)	(2,271)
Net cash used for investing activities		(36,146)	(53,592)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt		0	500,000
Repayments of long-term debt and capital leases		(2,409)	(527,315)
Proceeds from senior revolving credit facility		180,000	295,000
Repayments of senior revolving credit facility		(249,000)	(281,000)
Proceeds from short-term credit facilities		24,905	20,292
Repayments of short-term credit facilities		(14,216)	(14,137)
Other short-term borrowings, net		3,274	(987)
Debt issuance costs		0	(4,605)
Change in restricted cash, net		2,977	1,381
Repurchase of common stock		(1,402)	(2,294)
Excess tax benefits from stock-based compensation		214	805
Dividend to stockholders		(60,000)	(50,000)
Net cash used for financing activities		(115,657)	(62,860)
Effect of exchange rate changes on cash and cash equivalents		2,053	(19,579)
Net decrease in cash and cash equivalents		(46,931)	(25,700)
Beginning cash and cash equivalents		318,571	298,255
Ending cash and cash equivalents		271,640	272,555
Noncash Investing and Financing Items [Abstract]
Purchases of property, plant and equipment not yet paid at end of period		19,401	17,779
Supplemental disclosure of cash flow information:
Cash paid for interest during the period		34,667	44,562
Cash paid for income taxes during the period, net of refunds		$ 41,090	$ 44,827
[1]	Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" on the Company's consolidated balance sheets.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Aug. 28, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Levi Strauss & Co. (the “Company”) is one of the world’s largest brand-name apparel companies. The Company designs, markets and sells – directly or through third parties and licensees – products that include jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear and related accessories for men, women and children around the world under the Levi’s ® , Dockers ® , Signature by Levi Strauss & Co.™ and Denizen ® brands. The Company operates its business through three geographic regions: Americas, Europe and Asia. Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements of the Company and its wholly-owned and majority-owned foreign and domestic subsidiaries are prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial information. In the opinion of management, all adjustments necessary for a fair statement of the financial position and the results of operations for the periods presented have been included. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended November 29, 2015 , included in the Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 11, 2016. The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany transactions have been eliminated. Management believes the disclosures are adequate to make the information presented herein not misleading. The results of operations for the three and nine months ended August 28, 2016 , may not be indicative of the results to be expected for any other interim period or the year ending November 27, 2016 . The Company’s fiscal year ends on the last Sunday of November in each year, although the fiscal years of certain foreign subsidiaries end on November 30. Each quarter of both fiscal years 2016 and 2015 consists of 13 weeks. All references to years relate to fiscal years rather than calendar years. Subsequent events have been evaluated through the issuance date of these financial statements. The Company's consolidated statements of comprehensive income for all periods presented have been conformed to show each component of other comprehensive income before related income tax effects with one amount shown for aggregate income tax expense related to the total of other comprehensive income items. Each component was previously presented net of related income tax effects. There was no change to total comprehensive income, net of income taxes, and the change was immaterial to the financial statements taken as a whole. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the related notes to the consolidated financial statements. Estimates are based upon historical factors, current circumstances and the experience and judgment of the Company’s management. Management evaluates its estimates and assumptions on an ongoing basis and may employ outside experts to assist in its evaluations. Changes in such estimates, based on more accurate future information, or different assumptions or conditions, may affect amounts reported in future periods. Recently Issued Accounting Standards There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company’s consolidated financial statements and footnote disclosures, from those disclosed in the Company’s 2015 Annual Report on Form 10-K, except for the following, which have been grouped by their effective dates for the Company: First Quarter of 2018 • In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. ("ASU") 2016-06, Derivatives and Hedging (Topic 815) – Contingent Put and Call Options in Debt Instruments , which will reduce diversity of practice in identifying embedded derivatives in debt instruments. ASU 2016-06 clarifies that the nature of an exercise contingency is not subject to the “clearly and closely” criteria for purposes of assessing whether the call or put option must be separated from the debt instrument and accounted for separately as a derivative. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. • In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718) . ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. First Quarter of 2019 • In March 2016, the FASB issued ASU 2016-04, Liabilities – Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products . ASU 2016-04 aligns recognition of the financial liabilities related to prepaid stored-value products (for example, prepaid gift cards), with Topic 606, Revenues from Contracts with Customers, for non-financial liabilities. In general, certain or these liabilities may be extinguished proportionally in earnings as redemptions occur, or when redemption is remote if issuers are not entitled to the unredeemed stored value. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. • In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 eliminates the diversity in practice related to the classification of certain cash receipts and payments for debt prepayment or extinguishment costs, the maturing of a zero coupon bond, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, distributions from certain equity method investees and beneficial interests obtained in a financial asset securitization. ASU 2016-15 designates the appropriate cash flow classification, including requirements to allocate certain components of these cash receipts and payments among operating, investing and financing activities. The retrospective transition method, requiring adjustment to all comparative periods presented, is required unless it is impracticable for some of the amendments, in which case those amendments would be prospectively as of the earliest date practicable. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. • The FASB has issued several more amendments to the new revenue standard ASU 2014-09, as amended by ASU 2015-14: ◦ March 2016 - ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to customers. ◦ April 2016 - ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 covers two specific topics: performance obligations and licensing. This amendment includes guidance on immaterial promised goods or services, shipping or handling activities, separately identifiable performance obligations, functional or symbolic intellectual property licenses, sales-based and usage-based royalties, license restrictions (time, use, geographical) and licensing renewals. ◦ May 2016 - ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients . ASU 2016-12 clarifies certain core recognition principles including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. The Company is currently assessing the impact that adopting these new accounting standards will have on its consolidated financial statements and footnote disclosures. First Quarter of 2020 • In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 requires the identification of arrangements that should be accounted for as leases by lessees. In general, for lease arrangements exceeding a twelve month term, these arrangements must now be recognized as assets and liabilities on the balance sheet of the lessee. Under ASU 2016-02, a right-of-use asset and lease obligation will be recorded for all leases, whether operating or financing, while the income statement will reflect lease expense for operating leases and amortization/interest expense for financing leases. The balance sheet amount recorded for existing leases at the date of adoption of ASU 2016-02 must be calculated using the applicable incremental borrowing rate at the date of adoption. In addition, ASU 2016-02 requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. First Quarter of 2021 • In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 also applies to employee benefit plan accounting, with an effective date of the first quarter of fiscal 2022. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements, footnote disclosures and employee benefit plans’ accounting.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Aug. 28, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The following table presents the Company’s financial instruments that are carried at fair value: August 28, 2016 November 29, 2015 Fair Value Estimated Using Fair Value Estimated Using Fair Value Level 1 Inputs (1) Level 2 Inputs (2) Fair Value Level 1 Inputs (1) Level 2 Inputs (2) (Dollars in thousands) Financial assets carried at fair value Rabbi trust assets $ 27,344 $ 27,344 $ — $ 26,013 $ 26,013 $ — Forward foreign exchange contracts, net (3) 8,346 — 8,346 27,131 — 27,131 Total $ 35,690 $ 27,344 $ 8,346 $ 53,144 $ 26,013 $ 27,131 Financial liabilities carried at fair value Forward foreign exchange contracts, net (3) $ 16,455 $ — $ 16,455 $ 7,809 $ — $ 7,809 _____________ (1) Fair values estimated using Level 1 inputs are inputs which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Rabbi trust assets consist of a diversified portfolio of equity, fixed income and other securities. (2) Fair values estimated using Level 2 inputs are inputs, other than quoted prices, that are observable for the asset or liability, either directly or indirectly and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. For forward foreign exchange contracts, inputs include foreign currency exchange and interest rates and, where applicable, credit default swap prices. (3) The Company’s over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis. The following table presents the carrying value – including related accrued interest – and estimated fair value of the Company’s financial instruments that are carried at adjusted historical cost: August 28, 2016 November 29, 2015 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value (Dollars in thousands) Financial liabilities carried at adjusted historical cost Senior revolving credit facility $ 30,062 $ 30,062 $ 99,020 $ 99,020 4.25% Yen-denominated Eurobonds due 2016 (1) 40,322 40,571 32,736 33,593 6.875% senior notes due 2022 (1) 536,314 571,716 527,715 570,355 5.00% senior notes due 2025 (1) 489,614 513,685 482,145 480,945 Short-term borrowings 31,555 31,555 15,996 15,996 Total $ 1,127,867 $ 1,187,589 $ 1,157,612 $ 1,199,909 _____________ (1) Fair values are estimated using Level 1 inputs and incorporate mid-market price quotes. Level 1 inputs are inputs which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Aug. 28, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As of August 28, 2016 , the Company had forward foreign exchange contracts to buy $858.9 million and to sell $411.5 million against various foreign currencies. These contracts are at various exchange rates and expire at various dates through February 2018. The table below provides data about the carrying values of derivative instruments and non-derivative instruments: August 28, 2016 November 29, 2015 Assets (Liabilities) Derivative Net Carrying Value Assets (Liabilities) Derivative Net Carrying Value Carrying Value Carrying Value Carrying Value Carrying Value (Dollars in thousands) Derivatives not designated as hedging instruments Forward foreign exchange contracts (1) $ 10,239 $ (1,893 ) $ 8,346 $ 31,808 $ (4,677 ) $ 27,131 Forward foreign exchange contracts (2) 7,072 (23,527 ) (16,455 ) 253 (8,062 ) (7,809 ) Total $ 17,311 $ (25,420 ) $ 32,061 $ (12,739 ) Non-derivatives designated as hedging instruments Yen-denominated Eurobonds $ — $ (9,550 ) $ — $ (7,832 ) _____________ (1) Included in “Other current assets” or “Other non-current assets” on the Company’s consolidated balance sheets. (2) Included in “Other accrued liabilities” on the Company’s consolidated balance sheets. The Company's over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis. The table below presents, by type of financial instrument, the gross amounts of the Company's derivative instruments, amounts offset due to master netting arrangements with the Company's various counterparties, and the net amounts recognized on the Company's consolidated balance sheets: August 28, 2016 November 29, 2015 Gross Amounts of Recognized Assets / (Liabilities) Gross Amounts Offset in the Statement of Financial Position Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position Gross Amounts of Recognized Assets / (Liabilities) Gross Amounts Offset in the Statement of Financial Position Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position (Dollars in thousands) Over-the-counter forward foreign exchange contracts Financial assets $ 15,044 $ (8,965 ) $ 6,079 $ 30,837 $ (4,930 ) $ 25,907 Financial liabilities (22,577 ) 8,965 (13,612 ) (7,599 ) 4,930 (2,669 ) Total $ (7,533 ) $ 23,238 Embedded derivative contracts Financial assets $ 2,267 $ — $ 2,267 $ 1,224 $ — $ 1,224 Financial liabilities (2,843 ) — (2,843 ) (5,140 ) — (5,140 ) Total $ (576 ) $ (3,916 ) The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as net investment hedges included in “Accumulated other comprehensive loss” (“AOCI”) on the Company’s consolidated balance sheets, and in “Other income (expense), net” in the Company’s consolidated statements of income: Gain or (Loss) Recognized in AOCI (Effective Portion) Gain or (Loss) Recognized in Other Income (Expense), net (Ineffective Portion and Amount Excluded from Effectiveness Testing) As of As of Three Months Ended Nine Months Ended August 28, November 29, August 28, August 30, August 28, August 30, (Dollars in thousands) Forward foreign exchange contracts $ 4,637 $ 4,637 Yen-denominated Eurobonds (20,700 ) (18,982 ) $ (2,546 ) $ (949 ) $ (5,441 ) $ 647 Euro senior notes (15,751 ) (15,751 ) Cumulative income taxes 12,509 11,849 Total $ (19,305 ) $ (18,247 ) The table below provides data about the amount of gains and losses related to derivatives not designated as hedging instruments included in “Other income (expense), net” in the Company’s consolidated statements of income: Gain or (Loss) Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Forward foreign exchange contracts: Realized $ 4,531 $ 7,475 $ 21,418 $ 6,107 Unrealized (12,763 ) (4,373 ) (27,032 ) 18,850 Total $ (8,232 ) $ 3,102 $ (5,614 ) $ 24,957

Debt

Debt	9 Months Ended
	Aug. 28, 2016
Debt Disclosure [Abstract]
DEBT	DEBT August 28, November 29, (Dollars in thousands) Long-term debt Unsecured: 6.875% senior notes due 2022 $ 524,483 $ 524,807 5.00% senior notes due 2025 481,419 480,131 Total unsecured long-term debt $ 1,005,902 $ 1,004,938 Short-term debt and current maturities of long-term debt Secured: Senior revolving credit facility $ 30,000 $ 99,000 Unsecured: Current maturities of 4.25% Yen-denominated Eurobonds due 2016 39,791 32,625 Short-term borrowings 31,235 15,978 Total short-term debt and current maturities of long-term debt $ 101,026 $ 147,603 Total debt $ 1,106,928 $ 1,152,541 Senior Revolving Credit Facility The Company’s unused availability under its senior secured revolving credit facility was $665.0 million at August 28, 2016 , as the Company’s total availability of $718.5 million was reduced by $53.5 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 28, 2016 , was 6.22% and 6.30% respectively, as compared to 6.17% and 6.85% , respectively, in the same periods of 2015 .

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Aug. 28, 2016
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The following tables summarize the components of net periodic benefit cost and the changes recognized in “Accumulated other comprehensive loss” for the Company’s defined benefit pension plans and postretirement benefit plans: Pension Benefits Postretirement Benefits Three Months Ended Three Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Net periodic benefit cost: Service cost $ 2,064 $ 2,092 $ 50 $ 63 Interest cost (1) 9,453 11,796 805 1,147 Expected return on plan assets (12,105 ) (12,715 ) — — Amortization of prior service benefit (15 ) (15 ) — — Amortization of actuarial loss 3,005 3,149 742 1,127 Curtailment gain (361 ) (118 ) — — Net settlement loss (gain) 21 (45 ) — — Net periodic benefit cost 2,062 4,144 1,597 2,337 Changes in accumulated other comprehensive loss: Actuarial loss — (579 ) — — Amortization of prior service benefit 15 15 — — Amortization of actuarial loss (3,005 ) (3,149 ) (742 ) (1,127 ) Curtailment gain 396 118 — — Net settlement (loss) gain (21 ) 45 — — Total recognized in accumulated other comprehensive loss (2,615 ) (3,550 ) (742 ) (1,127 ) Total recognized in net periodic benefit cost and accumulated other comprehensive loss $ (553 ) $ 594 $ 855 $ 1,210 _____________ (1) The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense. Pension Benefits Postretirement Benefits Nine Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Net periodic benefit cost: Service cost $ 6,194 $ 6,310 $ 150 $ 188 Interest cost (1) 28,415 35,426 2,417 3,441 Expected return on plan assets (36,401 ) (38,148 ) — — Amortization of prior service benefit (46 ) (46 ) — — Amortization of actuarial loss 9,040 9,472 2,225 3,383 Curtailment (gain) loss, net (361 ) 269 — — Net settlement loss (gain) 21 (45 ) — — Net periodic benefit cost 6,862 13,238 4,792 7,012 Changes in accumulated other comprehensive loss: Actuarial loss 170 (579 ) — — Amortization of prior service benefit 46 46 — — Amortization of actuarial loss (9,040 ) (9,472 ) (2,225 ) (3,383 ) Curtailment gain (loss) 396 (269 ) — — Net settlement (loss) gain (21 ) 45 — — Total recognized in accumulated other comprehensive loss (8,449 ) (10,229 ) (2,225 ) (3,383 ) Total recognized in net periodic benefit cost and accumulated other comprehensive loss $ (1,587 ) $ 3,009 $ 2,567 $ 3,629 _____________ (1) The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense.

Restructuring

Restructuring	9 Months Ended
	Aug. 28, 2016
Restructuring Liabilities Disclosures [Abstract]
Restructuring	RESTRUCTURING In 2014, the Company announced and began to implement a global productivity initiative designed to streamline operations and fuel long-term profitable growth focused on redesigning business processes and identifying opportunities to reduce costs, increase efficiencies and further streamline processes in supporting functions, supply chain and planning. The Company expects that the majority of the actions related to the global productivity initiative will be implemented through the end of 2016. For the three and nine months ended August 28, 2016 , the Company recognized net restructuring reversals and charges, of $0.6 million and $1.0 million , respectively, as compared to net restructuring charges of $4.1 million and $11.4 million , respectively, for the same periods in 2015 . These net restructuring reversals and charges were recorded in "Restructuring, net" in the Company's consolidated statements of income. Related charges of $1.3 million and $5.8 million for the three- and nine-month period s ended August 28, 2016 , as compared to $7.7 million and $28.1 million for the same periods in 2015 , consist primarily of consulting fees for the Company's centrally-led cost-savings and productivity projects, as well as transition costs associated with the Company's decision to outsource certain global business service activities. These related charges represent costs incurred associated with ongoing operations which are expected to benefit future periods and thus were recorded in "Selling, general and administrative expenses" in the Company's consolidated statements of income. Cash payments for charges recognized to date are expected to continue through 2017. The table below summarizes the components of charges included in “Restructuring, net” in the Company’s consolidated statements of income: Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Restructuring, net: Severance and employee-related benefits (1) $ 286 $ 4,989 $ 2,131 $ 12,745 Adjustments to severance and employee-related benefits (612 ) (1,652 ) (1,016 ) (3,415 ) Other (2) 95 835 311 1,747 Noncash pension and postretirement curtailment losses, net (3) (396 ) (118 ) (396 ) 269 Total $ (627 ) $ 4,054 $ 1,030 $ 11,346 _____________ (1) Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative. (2) Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative. (3) Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" on the Company's consolidated balance sheets. The Company does not anticipate any significant additional costs associated with the global productivity initiative. The following tables summarize the activities associated with restructuring liabilities for the three and nine months ended August 28, 2016 , and August 30, 2015 . In the tables below, "Charges" represents the initial charge related to the restructuring activity. "Adjustments" includes revisions of estimates related to severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. "Payments" consists of cash payments for severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. Three Months Ended August 28, 2016 Liabilities Adjustments Foreign Currency Fluctuation Liabilities May 29, 2016 Charges Payments August 28, 2016 (Dollars in thousands) Severance and employee-related benefits $ 11,768 $ 286 $ (612 ) $ (2,601 ) $ 71 $ 8,912 Other — 95 — (95 ) — — Total $ 11,768 $ 381 $ (612 ) $ (2,696 ) $ 71 $ 8,912 Current portion $ 10,853 $ 8,603 Long-term portion 915 309 Total $ 11,768 $ 8,912 Three Months Ended August 30, 2015 Liabilities Adjustments Foreign Currency Fluctuation Liabilities May 31, 2015 Charges Payments August 30, 2015 (Dollars in thousands) Severance and employee-related benefits $ 33,127 $ 4,989 $ (1,652 ) $ (9,287 ) $ 420 $ 27,597 Other — 835 — (319 ) 5 521 Total $ 33,127 $ 5,824 $ (1,652 ) $ (9,606 ) $ 425 $ 28,118 Current portion $ 32,472 $ 27,501 Long-term portion 655 617 Total $ 33,127 $ 28,118 Nine Months Ended August 28, 2016 Liabilities Adjustments Foreign Currency Fluctuation Liabilities November 29, 2015 Charges Payments August 28, 2016 (Dollars in thousands) Severance and employee-related benefits $ 20,774 $ 2,131 $ (1,016 ) $ (13,769 ) $ 792 $ 8,912 Other 964 311 — (1,275 ) — — Total $ 21,738 $ 2,442 $ (1,016 ) $ (15,044 ) $ 792 $ 8,912 Current portion $ 20,141 $ 8,603 Long-term portion 1,597 309 Total $ 21,738 $ 8,912 Nine Months Ended August 30, 2015 Liabilities Adjustments Foreign Currency Fluctuation Liabilities November 30, 2014 Charges Payments August 30, 2015 (Dollars in thousands) Severance and employee-related benefits $ 56,963 $ 12,745 $ (3,415 ) $ (34,760 ) $ (3,936 ) $ 27,597 Other 6,400 2,214 (467 ) (7,631 ) 5 521 Total $ 63,363 $ 14,959 $ (3,882 ) $ (42,391 ) $ (3,931 ) $ 28,118 Current portion $ 57,817 $ 27,501 Long-term portion 5,546 617 Total $ 63,363 $ 28,118

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Aug. 28, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Forward Foreign Exchange Contracts The Company uses over-the-counter derivative instruments to manage its exposure to foreign currencies. The Company is exposed to credit loss in the event of nonperformance by the counterparties to the forward foreign exchange contracts. However, the Company believes that its exposures are appropriately diversified across counterparties and that these counterparties are creditworthy financial institutions. Please see Note 3 for additional information. Other Contingencies Litigation. There have been no material developments with respect to the information previously reported in the Company’s 2015 Annual Report on Form 10-K related to legal proceedings. In the ordinary course of business, the Company has various pending cases involving contractual matters, facility and employee-related matters, distribution matters, product liability claims, trademark infringement and other matters. The Company does not believe any of these pending legal proceedings will have a material impact on its financial condition, results of operations or cash flows.

Dividend

Dividend	9 Months Ended
	Aug. 28, 2016
Dividends [Abstract]
DIVIDEND	DIVIDEND The Company paid a cash dividend of $60.0 million in the second quarter of 2016 . The Company does not have an established annual dividend policy. The Company will continue to review its ability to pay cash dividends at least annually, and dividends may be declared at the discretion of the Company's Board of Directors depending upon, among other factors, the Company's financial condition and compliance with the terms of the Company's debt agreements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Aug. 28, 2016
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following is a summary of the components of “Accumulated other comprehensive loss,” net of related income taxes: August 28, November 29, (Dollars in thousands) Pension and postretirement benefits $ (229,893 ) $ (236,340 ) Net investment hedge losses (19,305 ) (18,247 ) Foreign currency translation losses (120,417 ) (117,394 ) Unrealized gains on marketable securities 2,100 1,880 Accumulated other comprehensive loss (367,515 ) (370,101 ) Accumulated other comprehensive income attributable to noncontrolling interest 9,578 8,965 Accumulated other comprehensive loss attributable to Levi Strauss & Co. $ (377,093 ) $ (379,066 ) No material amounts were reclassified out of "Accumulated other comprehensive loss" into net income other than those that pertain to the Company's pension and postretirement benefit plans. Please see Note 5 for additional information. These amounts are included in "Selling, general and administrative expenses" in the Company's consolidated statements of income.

Other Income (Expense), Net

Other Income (Expense), Net	9 Months Ended
	Aug. 28, 2016
Other Income and Expenses [Abstract]
OTHER INCOME (EXPENSE), NET	OTHER INCOME (EXPENSE), NET The following table summarizes significant components of “Other income (expense), net”: Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Foreign exchange management (losses) gains (1) $ (8,232 ) $ 3,102 $ (5,614 ) $ 24,957 Foreign currency transaction gains (losses) (2) 9,496 (13,805 ) 5,690 (57,089 ) Interest income 368 400 858 1,059 Investment income 268 258 976 697 Other 2,779 1,729 4,845 3,671 Total other income (expense), net $ 4,679 $ (8,316 ) $ 6,755 $ (26,705 ) _____________ (1) Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Gains in the nine-month period ended August 30, 2015 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, partially offset by unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro. (2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in 2015 were primarily due to the weakening of various foreign currencies, particularly the Euro, against the U.S. Dollar.

Income Taxes

Income Taxes	9 Months Ended
	Aug. 28, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective income tax rate was 28.2% for the nine months ended August 28, 2016 , compared to 35.1% for the same period ended August 30, 2015 . The decrease in the effective tax rate in 2016 as compared to 2015 primarily reflected a discrete tax benefit attributable to deductions for worthless debts in a consolidated subsidiary, as well as a higher proportion of 2016 earnings in jurisdictions where the Company is subject to lower tax rates.

Related Parties

Related Parties	9 Months Ended
	Aug. 28, 2016
Related Party Transactions [Abstract]
RELATED PARTIES	RELATED PARTIES Robert D. Haas, Chairman Emeritus of the Company, Charles V. Bergh, President and Chief Executive Officer, Peter E. Haas Jr., a director of the Company, and Kelly McGinnis, Senior Vice President of Corporate Affairs and Chief Communications Officer, are board members of the Levi Strauss Foundation, which is not a consolidated entity of the Company. Seth R. Jaffe, Senior Vice President and General Counsel, is Vice President of the Levi Strauss Foundation. During the three- and nine-month period s ended August 28, 2016 , the Company donated $0.3 million and $6.5 million to the Levi Strauss Foundation as compared to $0.3 million and $6.7 million for the same prior-year periods.

Business Segment Information

Business Segment Information	9 Months Ended
	Aug. 28, 2016
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION The Company manages its business according to three regional segments: the Americas, Europe and Asia. The Company considers its chief executive officer to be the Company’s chief operating decision maker. The Company’s chief operating decision maker manages business operations, evaluates performance and allocates resources based on the regional segments’ net revenues and operating income. Business segment information for the Company is as follows: Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Net revenues: Americas $ 723,853 $ 713,148 $ 1,884,349 $ 1,909,011 Europe 282,525 258,486 799,637 758,124 Asia 178,733 170,378 569,212 542,132 Total net revenues $ 1,185,111 $ 1,142,012 $ 3,253,198 $ 3,209,267 Operating income: Americas (1) $ 149,087 $ 144,241 $ 320,122 $ 349,859 Europe (2) 56,514 50,502 155,856 142,173 Asia 19,389 25,666 81,868 88,037 Regional operating income 224,990 220,409 557,846 580,069 Corporate: Restructuring, net (627 ) 4,054 1,030 11,346 Restructuring-related charges 1,293 7,723 5,824 28,096 Other corporate staff costs and expenses 79,416 93,859 231,459 270,794 Corporate expenses 80,082 105,636 238,313 310,236 Total operating income 144,908 114,773 319,533 269,833 Interest expense (19,170 ) (17,138 ) (54,483 ) (62,363 ) Loss on early extinguishment of debt — — — (14,002 ) Other income (expense), net 4,679 (8,316 ) 6,755 (26,705 ) Income before income taxes $ 130,417 $ 89,319 $ 271,805 $ 166,763 _____________ (1) Americas' operating income for the three- and nine- month periods ended ended August 28, 2016 includes the recognition of approximately $7.0 million benefit from resolution of a vendor dispute and related reversal of liabilities recorded in a prior period. (2) Europe's operating income for the nine-month period ended August 28, 2016 includes a gain of $6.1 million related to the sale-leaseback of the Company's distribution center in the United Kingdom in the second quarter of 2016. Europe's operating income for the nine-month period ended August 30, 2015 includes a gain of $7.5 million related to the sale of the Company's finishing and distribution facility in Turkey in the second quarter of 2015.

Significant Accounting Polici20

Significant Accounting Policies (Policies)	9 Months Ended
	Aug. 28, 2016
Accounting Policies [Abstract]
Basis of accounting	The unaudited consolidated financial statements of the Company and its wholly-owned and majority-owned foreign and domestic subsidiaries are prepared in conformity with generally accepted accounting principles in the United States (“U.S. GAAP”) for interim financial information.
Consolidated entities policy	The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany transactions have been eliminated.
Fiscal period	The Company’s fiscal year ends on the last Sunday of November in each year, although the fiscal years of certain foreign subsidiaries end on November 30. Each quarter of both fiscal years 2016 and 2015 consists of 13 weeks. All references to years relate to fiscal years rather than calendar years.
Subsequent events	Subsequent events have been evaluated through the issuance date of these financial statements.
Reclassifications	The Company's consolidated statements of comprehensive income for all periods presented have been conformed to show each component of other comprehensive income before related income tax effects with one amount shown for aggregate income tax expense related to the total of other comprehensive income items. Each component was previously presented net of related income tax effects. There was no change to total comprehensive income, net of income taxes, and the change was immaterial to the financial statements taken as a whole.
Use of estimates	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the related notes to the consolidated financial statements. Estimates are based upon historical factors, current circumstances and the experience and judgment of the Company’s management. Management evaluates its estimates and assumptions on an ongoing basis and may employ outside experts to assist in its evaluations. Changes in such estimates, based on more accurate future information, or different assumptions or conditions, may affect amounts reported in future periods.
New accounting pronouncements	There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company’s consolidated financial statements and footnote disclosures, from those disclosed in the Company’s 2015 Annual Report on Form 10-K, except for the following, which have been grouped by their effective dates for the Company: First Quarter of 2018 • In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. ("ASU") 2016-06, Derivatives and Hedging (Topic 815) – Contingent Put and Call Options in Debt Instruments , which will reduce diversity of practice in identifying embedded derivatives in debt instruments. ASU 2016-06 clarifies that the nature of an exercise contingency is not subject to the “clearly and closely” criteria for purposes of assessing whether the call or put option must be separated from the debt instrument and accounted for separately as a derivative. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. • In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718) . ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. First Quarter of 2019 • In March 2016, the FASB issued ASU 2016-04, Liabilities – Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products . ASU 2016-04 aligns recognition of the financial liabilities related to prepaid stored-value products (for example, prepaid gift cards), with Topic 606, Revenues from Contracts with Customers, for non-financial liabilities. In general, certain or these liabilities may be extinguished proportionally in earnings as redemptions occur, or when redemption is remote if issuers are not entitled to the unredeemed stored value. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. • In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 eliminates the diversity in practice related to the classification of certain cash receipts and payments for debt prepayment or extinguishment costs, the maturing of a zero coupon bond, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, distributions from certain equity method investees and beneficial interests obtained in a financial asset securitization. ASU 2016-15 designates the appropriate cash flow classification, including requirements to allocate certain components of these cash receipts and payments among operating, investing and financing activities. The retrospective transition method, requiring adjustment to all comparative periods presented, is required unless it is impracticable for some of the amendments, in which case those amendments would be prospectively as of the earliest date practicable. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. • The FASB has issued several more amendments to the new revenue standard ASU 2014-09, as amended by ASU 2015-14: ◦ March 2016 - ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to customers. ◦ April 2016 - ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 covers two specific topics: performance obligations and licensing. This amendment includes guidance on immaterial promised goods or services, shipping or handling activities, separately identifiable performance obligations, functional or symbolic intellectual property licenses, sales-based and usage-based royalties, license restrictions (time, use, geographical) and licensing renewals. ◦ May 2016 - ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients . ASU 2016-12 clarifies certain core recognition principles including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. The Company is currently assessing the impact that adopting these new accounting standards will have on its consolidated financial statements and footnote disclosures. First Quarter of 2020 • In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 requires the identification of arrangements that should be accounted for as leases by lessees. In general, for lease arrangements exceeding a twelve month term, these arrangements must now be recognized as assets and liabilities on the balance sheet of the lessee. Under ASU 2016-02, a right-of-use asset and lease obligation will be recorded for all leases, whether operating or financing, while the income statement will reflect lease expense for operating leases and amortization/interest expense for financing leases. The balance sheet amount recorded for existing leases at the date of adoption of ASU 2016-02 must be calculated using the applicable incremental borrowing rate at the date of adoption. In addition, ASU 2016-02 requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures. First Quarter of 2021 • In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 also applies to employee benefit plan accounting, with an effective date of the first quarter of fiscal 2022. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements, footnote disclosures and employee benefit plans’ accounting.

Fair Value of Financial Instr21

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Aug. 28, 2016
Fair Value Disclosures [Abstract]
Financial assets and liabilities carried at fair value	The following table presents the Company’s financial instruments that are carried at fair value: August 28, 2016 November 29, 2015 Fair Value Estimated Using Fair Value Estimated Using Fair Value Level 1 Inputs (1) Level 2 Inputs (2) Fair Value Level 1 Inputs (1) Level 2 Inputs (2) (Dollars in thousands) Financial assets carried at fair value Rabbi trust assets $ 27,344 $ 27,344 $ — $ 26,013 $ 26,013 $ — Forward foreign exchange contracts, net (3) 8,346 — 8,346 27,131 — 27,131 Total $ 35,690 $ 27,344 $ 8,346 $ 53,144 $ 26,013 $ 27,131 Financial liabilities carried at fair value Forward foreign exchange contracts, net (3) $ 16,455 $ — $ 16,455 $ 7,809 $ — $ 7,809 _____________ (1) Fair values estimated using Level 1 inputs are inputs which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Rabbi trust assets consist of a diversified portfolio of equity, fixed income and other securities. (2) Fair values estimated using Level 2 inputs are inputs, other than quoted prices, that are observable for the asset or liability, either directly or indirectly and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. For forward foreign exchange contracts, inputs include foreign currency exchange and interest rates and, where applicable, credit default swap prices. (3) The Company’s over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis.
Financial liabilities carried at adjusted historical cost	The following table presents the carrying value – including related accrued interest – and estimated fair value of the Company’s financial instruments that are carried at adjusted historical cost: August 28, 2016 November 29, 2015 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value (Dollars in thousands) Financial liabilities carried at adjusted historical cost Senior revolving credit facility $ 30,062 $ 30,062 $ 99,020 $ 99,020 4.25% Yen-denominated Eurobonds due 2016 (1) 40,322 40,571 32,736 33,593 6.875% senior notes due 2022 (1) 536,314 571,716 527,715 570,355 5.00% senior notes due 2025 (1) 489,614 513,685 482,145 480,945 Short-term borrowings 31,555 31,555 15,996 15,996 Total $ 1,127,867 $ 1,187,589 $ 1,157,612 $ 1,199,909 _____________ (1) Fair values are estimated using Level 1 inputs and incorporate mid-market price quotes. Level 1 inputs are inputs which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Derivative Instruments and He22

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Aug. 28, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Carrying values of derivative instruments and non-derivative instruments	The table below provides data about the carrying values of derivative instruments and non-derivative instruments: August 28, 2016 November 29, 2015 Assets (Liabilities) Derivative Net Carrying Value Assets (Liabilities) Derivative Net Carrying Value Carrying Value Carrying Value Carrying Value Carrying Value (Dollars in thousands) Derivatives not designated as hedging instruments Forward foreign exchange contracts (1) $ 10,239 $ (1,893 ) $ 8,346 $ 31,808 $ (4,677 ) $ 27,131 Forward foreign exchange contracts (2) 7,072 (23,527 ) (16,455 ) 253 (8,062 ) (7,809 ) Total $ 17,311 $ (25,420 ) $ 32,061 $ (12,739 ) Non-derivatives designated as hedging instruments Yen-denominated Eurobonds $ — $ (9,550 ) $ — $ (7,832 ) _____________ (1) Included in “Other current assets” or “Other non-current assets” on the Company’s consolidated balance sheets. (2) Included in “Other accrued liabilities” on the Company’s consolidated balance sheets.
Offsetting assets and liabilities	The Company's over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis. The table below presents, by type of financial instrument, the gross amounts of the Company's derivative instruments, amounts offset due to master netting arrangements with the Company's various counterparties, and the net amounts recognized on the Company's consolidated balance sheets: August 28, 2016 November 29, 2015 Gross Amounts of Recognized Assets / (Liabilities) Gross Amounts Offset in the Statement of Financial Position Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position Gross Amounts of Recognized Assets / (Liabilities) Gross Amounts Offset in the Statement of Financial Position Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position (Dollars in thousands) Over-the-counter forward foreign exchange contracts Financial assets $ 15,044 $ (8,965 ) $ 6,079 $ 30,837 $ (4,930 ) $ 25,907 Financial liabilities (22,577 ) 8,965 (13,612 ) (7,599 ) 4,930 (2,669 ) Total $ (7,533 ) $ 23,238 Embedded derivative contracts Financial assets $ 2,267 $ — $ 2,267 $ 1,224 $ — $ 1,224 Financial liabilities (2,843 ) — (2,843 ) (5,140 ) — (5,140 ) Total $ (576 ) $ (3,916 )
Gains and losses included in AOCI	The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as net investment hedges included in “Accumulated other comprehensive loss” (“AOCI”) on the Company’s consolidated balance sheets, and in “Other income (expense), net” in the Company’s consolidated statements of income: Gain or (Loss) Recognized in AOCI (Effective Portion) Gain or (Loss) Recognized in Other Income (Expense), net (Ineffective Portion and Amount Excluded from Effectiveness Testing) As of As of Three Months Ended Nine Months Ended August 28, November 29, August 28, August 30, August 28, August 30, (Dollars in thousands) Forward foreign exchange contracts $ 4,637 $ 4,637 Yen-denominated Eurobonds (20,700 ) (18,982 ) $ (2,546 ) $ (949 ) $ (5,441 ) $ 647 Euro senior notes (15,751 ) (15,751 ) Cumulative income taxes 12,509 11,849 Total $ (19,305 ) $ (18,247 )
Gains and losses included in statements of income	The table below provides data about the amount of gains and losses related to derivatives not designated as hedging instruments included in “Other income (expense), net” in the Company’s consolidated statements of income: Gain or (Loss) Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Forward foreign exchange contracts: Realized $ 4,531 $ 7,475 $ 21,418 $ 6,107 Unrealized (12,763 ) (4,373 ) (27,032 ) 18,850 Total $ (8,232 ) $ 3,102 $ (5,614 ) $ 24,957

Debt (Tables)

Debt (Tables)	9 Months Ended
	Aug. 28, 2016
Debt Disclosure [Abstract]
Schedule of long-term and short-term debt instruments	August 28, November 29, (Dollars in thousands) Long-term debt Unsecured: 6.875% senior notes due 2022 $ 524,483 $ 524,807 5.00% senior notes due 2025 481,419 480,131 Total unsecured long-term debt $ 1,005,902 $ 1,004,938 Short-term debt and current maturities of long-term debt Secured: Senior revolving credit facility $ 30,000 $ 99,000 Unsecured: Current maturities of 4.25% Yen-denominated Eurobonds due 2016 39,791 32,625 Short-term borrowings 31,235 15,978 Total short-term debt and current maturities of long-term debt $ 101,026 $ 147,603 Total debt $ 1,106,928 $ 1,152,541

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Aug. 28, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of defined benefit plans disclosures	The following tables summarize the components of net periodic benefit cost and the changes recognized in “Accumulated other comprehensive loss” for the Company’s defined benefit pension plans and postretirement benefit plans: Pension Benefits Postretirement Benefits Three Months Ended Three Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Net periodic benefit cost: Service cost $ 2,064 $ 2,092 $ 50 $ 63 Interest cost (1) 9,453 11,796 805 1,147 Expected return on plan assets (12,105 ) (12,715 ) — — Amortization of prior service benefit (15 ) (15 ) — — Amortization of actuarial loss 3,005 3,149 742 1,127 Curtailment gain (361 ) (118 ) — — Net settlement loss (gain) 21 (45 ) — — Net periodic benefit cost 2,062 4,144 1,597 2,337 Changes in accumulated other comprehensive loss: Actuarial loss — (579 ) — — Amortization of prior service benefit 15 15 — — Amortization of actuarial loss (3,005 ) (3,149 ) (742 ) (1,127 ) Curtailment gain 396 118 — — Net settlement (loss) gain (21 ) 45 — — Total recognized in accumulated other comprehensive loss (2,615 ) (3,550 ) (742 ) (1,127 ) Total recognized in net periodic benefit cost and accumulated other comprehensive loss $ (553 ) $ 594 $ 855 $ 1,210 _____________ (1) The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense. Pension Benefits Postretirement Benefits Nine Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Net periodic benefit cost: Service cost $ 6,194 $ 6,310 $ 150 $ 188 Interest cost (1) 28,415 35,426 2,417 3,441 Expected return on plan assets (36,401 ) (38,148 ) — — Amortization of prior service benefit (46 ) (46 ) — — Amortization of actuarial loss 9,040 9,472 2,225 3,383 Curtailment (gain) loss, net (361 ) 269 — — Net settlement loss (gain) 21 (45 ) — — Net periodic benefit cost 6,862 13,238 4,792 7,012 Changes in accumulated other comprehensive loss: Actuarial loss 170 (579 ) — — Amortization of prior service benefit 46 46 — — Amortization of actuarial loss (9,040 ) (9,472 ) (2,225 ) (3,383 ) Curtailment gain (loss) 396 (269 ) — — Net settlement (loss) gain (21 ) 45 — — Total recognized in accumulated other comprehensive loss (8,449 ) (10,229 ) (2,225 ) (3,383 ) Total recognized in net periodic benefit cost and accumulated other comprehensive loss $ (1,587 ) $ 3,009 $ 2,567 $ 3,629 _____________ (1) The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense.

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Aug. 28, 2016
Restructuring Liabilities Disclosures [Abstract]
Components of Charges Included in Restructuring, net	The table below summarizes the components of charges included in “Restructuring, net” in the Company’s consolidated statements of income: Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Restructuring, net: Severance and employee-related benefits (1) $ 286 $ 4,989 $ 2,131 $ 12,745 Adjustments to severance and employee-related benefits (612 ) (1,652 ) (1,016 ) (3,415 ) Other (2) 95 835 311 1,747 Noncash pension and postretirement curtailment losses, net (3) (396 ) (118 ) (396 ) 269 Total $ (627 ) $ 4,054 $ 1,030 $ 11,346 _____________ (1) Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative. (2) Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative. (3) Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" on the Company's consolidated balance sheets.
Restructuring Liability Rollforward	The following tables summarize the activities associated with restructuring liabilities for the three and nine months ended August 28, 2016 , and August 30, 2015 . In the tables below, "Charges" represents the initial charge related to the restructuring activity. "Adjustments" includes revisions of estimates related to severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. "Payments" consists of cash payments for severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. Three Months Ended August 28, 2016 Liabilities Adjustments Foreign Currency Fluctuation Liabilities May 29, 2016 Charges Payments August 28, 2016 (Dollars in thousands) Severance and employee-related benefits $ 11,768 $ 286 $ (612 ) $ (2,601 ) $ 71 $ 8,912 Other — 95 — (95 ) — — Total $ 11,768 $ 381 $ (612 ) $ (2,696 ) $ 71 $ 8,912 Current portion $ 10,853 $ 8,603 Long-term portion 915 309 Total $ 11,768 $ 8,912 Three Months Ended August 30, 2015 Liabilities Adjustments Foreign Currency Fluctuation Liabilities May 31, 2015 Charges Payments August 30, 2015 (Dollars in thousands) Severance and employee-related benefits $ 33,127 $ 4,989 $ (1,652 ) $ (9,287 ) $ 420 $ 27,597 Other — 835 — (319 ) 5 521 Total $ 33,127 $ 5,824 $ (1,652 ) $ (9,606 ) $ 425 $ 28,118 Current portion $ 32,472 $ 27,501 Long-term portion 655 617 Total $ 33,127 $ 28,118 Nine Months Ended August 28, 2016 Liabilities Adjustments Foreign Currency Fluctuation Liabilities November 29, 2015 Charges Payments August 28, 2016 (Dollars in thousands) Severance and employee-related benefits $ 20,774 $ 2,131 $ (1,016 ) $ (13,769 ) $ 792 $ 8,912 Other 964 311 — (1,275 ) — — Total $ 21,738 $ 2,442 $ (1,016 ) $ (15,044 ) $ 792 $ 8,912 Current portion $ 20,141 $ 8,603 Long-term portion 1,597 309 Total $ 21,738 $ 8,912 Nine Months Ended August 30, 2015 Liabilities Adjustments Foreign Currency Fluctuation Liabilities November 30, 2014 Charges Payments August 30, 2015 (Dollars in thousands) Severance and employee-related benefits $ 56,963 $ 12,745 $ (3,415 ) $ (34,760 ) $ (3,936 ) $ 27,597 Other 6,400 2,214 (467 ) (7,631 ) 5 521 Total $ 63,363 $ 14,959 $ (3,882 ) $ (42,391 ) $ (3,931 ) $ 28,118 Current portion $ 57,817 $ 27,501 Long-term portion 5,546 617 Total $ 63,363 $ 28,118

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Aug. 28, 2016
Equity [Abstract]
Schedule of accumulated other comprehensive loss	The following is a summary of the components of “Accumulated other comprehensive loss,” net of related income taxes: August 28, November 29, (Dollars in thousands) Pension and postretirement benefits $ (229,893 ) $ (236,340 ) Net investment hedge losses (19,305 ) (18,247 ) Foreign currency translation losses (120,417 ) (117,394 ) Unrealized gains on marketable securities 2,100 1,880 Accumulated other comprehensive loss (367,515 ) (370,101 ) Accumulated other comprehensive income attributable to noncontrolling interest 9,578 8,965 Accumulated other comprehensive loss attributable to Levi Strauss & Co. $ (377,093 ) $ (379,066 )

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	9 Months Ended
	Aug. 28, 2016
Other Income and Expenses [Abstract]
Schedule of other nonoperating income (expense)	The following table summarizes significant components of “Other income (expense), net”: Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Foreign exchange management (losses) gains (1) $ (8,232 ) $ 3,102 $ (5,614 ) $ 24,957 Foreign currency transaction gains (losses) (2) 9,496 (13,805 ) 5,690 (57,089 ) Interest income 368 400 858 1,059 Investment income 268 258 976 697 Other 2,779 1,729 4,845 3,671 Total other income (expense), net $ 4,679 $ (8,316 ) $ 6,755 $ (26,705 ) _____________ (1) Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Gains in the nine-month period ended August 30, 2015 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, partially offset by unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro. (2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in 2015 were primarily due to the weakening of various foreign currencies, particularly the Euro, against the U.S. Dollar.

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Aug. 28, 2016
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Business segment information for the Company is as follows: Three Months Ended Nine Months Ended August 28, August 30, August 28, August 30, (Dollars in thousands) Net revenues: Americas $ 723,853 $ 713,148 $ 1,884,349 $ 1,909,011 Europe 282,525 258,486 799,637 758,124 Asia 178,733 170,378 569,212 542,132 Total net revenues $ 1,185,111 $ 1,142,012 $ 3,253,198 $ 3,209,267 Operating income: Americas (1) $ 149,087 $ 144,241 $ 320,122 $ 349,859 Europe (2) 56,514 50,502 155,856 142,173 Asia 19,389 25,666 81,868 88,037 Regional operating income 224,990 220,409 557,846 580,069 Corporate: Restructuring, net (627 ) 4,054 1,030 11,346 Restructuring-related charges 1,293 7,723 5,824 28,096 Other corporate staff costs and expenses 79,416 93,859 231,459 270,794 Corporate expenses 80,082 105,636 238,313 310,236 Total operating income 144,908 114,773 319,533 269,833 Interest expense (19,170 ) (17,138 ) (54,483 ) (62,363 ) Loss on early extinguishment of debt — — — (14,002 ) Other income (expense), net 4,679 (8,316 ) 6,755 (26,705 ) Income before income taxes $ 130,417 $ 89,319 $ 271,805 $ 166,763 _____________ (1) Americas' operating income for the three- and nine- month periods ended ended August 28, 2016 includes the recognition of approximately $7.0 million benefit from resolution of a vendor dispute and related reversal of liabilities recorded in a prior period. (2) Europe's operating income for the nine-month period ended August 28, 2016 includes a gain of $6.1 million related to the sale-leaseback of the Company's distribution center in the United Kingdom in the second quarter of 2016. Europe's operating income for the nine-month period ended August 30, 2015 includes a gain of $7.5 million related to the sale of the Company's finishing and distribution facility in Turkey in the second quarter of 2015.

Fair Value of Financial Instr29

Fair Value of Financial Instruments-Fair Value (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
Financial assets carried at fair value
Rabbi trust assets	$ 27,344	$ 26,013
Forward foreign exchange contracts, net	8,346	27,131
Total	35,690	53,144
Financial liabilities carried at fair value
Forward foreign exchange contracts, net	16,455	7,809
Level 1 Inputs [Member]
Financial assets carried at fair value
Rabbi trust assets	27,344	26,013
Forward foreign exchange contracts, net	0	0
Total	27,344	26,013
Financial liabilities carried at fair value
Forward foreign exchange contracts, net	0	0
Level 2 Inputs [Member]
Financial assets carried at fair value
Rabbi trust assets	0	0
Forward foreign exchange contracts, net	8,346	27,131
Total	8,346	27,131
Financial liabilities carried at fair value
Forward foreign exchange contracts, net	$ 16,455	$ 7,809

Fair Value of Financial Instr30

Fair Value of Financial Instruments-Adjusted Historical Cost (Details) - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
Bonds [Member] | 4.25% Yen-denominated Eurobonds, due 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	4.25%
Senior notes [Member] | 6.875% senior notes due 2022 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	6.875%
Senior notes [Member] | 5.00% Senior Notes, Due 2025 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.00%
Fair Value, Measurements, Recurring [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	$ 31,555	$ 15,996
Total financial liabilities carried at adjusted historical cost	1,127,867	1,157,612
Fair Value, Measurements, Recurring [Member] | Carrying Value [Member] | Bonds [Member] | 4.25% Yen-denominated Eurobonds, due 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	40,322	32,736
Fair Value, Measurements, Recurring [Member] | Carrying Value [Member] | Senior notes [Member] | 6.875% senior notes due 2022 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	536,314	527,715
Fair Value, Measurements, Recurring [Member] | Carrying Value [Member] | Senior notes [Member] | 5.00% Senior Notes, Due 2025 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	489,614	482,145
Fair Value, Measurements, Recurring [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	31,555	15,996
Total financial liabilities carried at adjusted historical cost	1,187,589	1,199,909
Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | Bonds [Member] | 4.25% Yen-denominated Eurobonds, due 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	40,571	33,593
Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | Senior notes [Member] | 6.875% senior notes due 2022 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	571,716	570,355
Fair Value, Measurements, Recurring [Member] | Fair Value [Member] | Senior notes [Member] | 5.00% Senior Notes, Due 2025 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	513,685	480,945
Senior revolving credit facility [Member] | Fair Value, Measurements, Recurring [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	30,062	99,020
Senior revolving credit facility [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	$ 30,062	$ 99,020

Derivative Instruments and He31

Derivative Instruments and Hedging Activities-Balance Sheet (Details) - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
Forward foreign exchange contracts [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	$ 15,044	$ 30,837
Derivative asset, gross liability	(8,965)	(4,930)
Derivative asset, net	6,079	25,907
Derivative liability, gross asset	8,965	4,930
Derivative Liability, gross liability	(22,577)	(7,599)
Derivative Liability, net	(13,612)	(2,669)
Derivative, Fair Value, Net	(7,533)	23,238
Embedded Derivative Financial Instruments [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	2,267	1,224
Derivative asset, gross liability	0	0
Derivative asset, net	2,267	1,224
Derivative liability, gross asset	0	0
Derivative Liability, gross liability	(2,843)	(5,140)
Derivative Liability, net	(2,843)	(5,140)
Derivative, Fair Value, Net	(576)	(3,916)
Carrying Value [Member] | Forward foreign exchange contracts [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, net	17,311	32,061
Derivative Liability, net	(25,420)	(12,739)
Carrying Value [Member] | Other assets [Member] | Forward foreign exchange contracts [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	10,239	31,808
Derivative asset, gross liability	(1,893)	(4,677)
Derivative asset, Net Carrying Value	8,346	27,131
Carrying Value [Member] | Other accrued liabilities [Member] | Forward foreign exchange contracts [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative liability, gross asset	7,072	253
Derivative Liability, gross liability	(23,527)	(8,062)
Derivative liability, Net Carrying Value	(16,455)	(7,809)
Bonds [Member] | 4.25% Yen-denominated Eurobonds, due 2016 [Member] | Carrying Value [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Hedging assets	0	0
Hedging liabilities	(9,550)	$ (7,832)
Long [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Forward foreign exchange contracts	858,900
Short [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Forward foreign exchange contracts	$ 411,500

Derivative Instruments and He32

Derivative Instruments and Hedging Activities-Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015	Nov. 29, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative income taxes, gain or (loss) recognized in AOCI	$ 12,509		$ 12,509		$ 11,849
Total, gain or (loss) recognized in AOCI	(19,305)		(19,305)		(18,247)
Forward foreign exchange contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Forward foreign exchange contracts, gain of (loss) recognized in AOCI	4,637		4,637		4,637
4.25% Yen-denominated Eurobonds, due 2016 [Member] | Bonds [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-derivative hedging instruments-gain or (loss) recognized in AOCI	(20,700)		(20,700)		(18,982)
Non-derivative hedging instruments-gain or (loss) recognized in other income	(2,546)	$ (949)	(5,441)	$ 647
Euro Senior Notes [Member] | Senior notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-derivative hedging instruments-gain or (loss) recognized in AOCI	(15,751)		(15,751)		$ (15,751)
Non-derivative hedging instruments-gain or (loss) recognized in other income

Derivative Instruments and He33

Derivative Instruments and Hedging Activities-Realized & Unrealized (Details) - Forward foreign exchange contracts [Member] - Other Income [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Realized	$ 4,531	$ 7,475	$ 21,418	$ 6,107
Unrealized	(12,763)	(4,373)	(27,032)	18,850
Total	$ (8,232)	$ 3,102	$ (5,614)	$ 24,957

Debt-Table (Details)

Debt-Table (Details) - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt, Excluding Current Maturities	$ 1,005,902	$ 1,004,938
Short-term debt	61,235	114,978
Long-term Debt, Current Maturities	39,791	32,625
Short-term debt and current maturities of long-term debt	101,026	147,603
Long-term and short-term debt	1,106,928	1,152,541
4.25% Yen-denominated Eurobonds, due 2016 [Member] | Bonds [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt, Current Maturities	$ 39,791	32,625
Debt Instrument, Interest Rate, Stated Percentage	4.25%
6.875% senior notes due 2022 [Member] | Senior notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt, Excluding Current Maturities	$ 524,483	524,807
Debt Instrument, Interest Rate, Stated Percentage	6.875%
5.00% Senior Notes, Due 2025 [Member] | Senior notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt, Excluding Current Maturities	$ 481,419	480,131
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Senior revolving credit facility [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Short-term debt	$ 30,000	99,000
Short-term borrowings [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Short-term debt	$ 31,235	$ 15,978

Debt-Textuals (Details)

Debt-Textuals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Debt Instruments [Line Items]
Weighted-average interest rate	6.22%	6.17%	6.30%	6.85%
Senior revolving credit facility [Member]
Debt Instruments [Line Items]
Unused availability	$ 665		$ 665
Line of Credit Facility, Current Borrowing Capacity	718.5		718.5
Letters of credit and other credit usage	$ 53.5		$ 53.5
6.875% senior notes due 2022 [Member] | Senior notes [Member]
Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.875%		6.875%
5.00% Senior Notes, Due 2025 [Member] | Senior notes [Member]
Debt Instruments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%		5.00%

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016		Aug. 30, 2015
Net periodic benefit cost (income):
Curtailment (gain) loss, net			$ 35		$ 0
Pension Benefits [Member]
Net periodic benefit cost (income):
Service cost	$ 2,064	$ 2,092	6,194		6,310
Interest cost	9,453	11,796	28,415	[1]	35,426	[1]
Expected return on plan assets	(12,105)	(12,715)	(36,401)		(38,148)
Amortization of prior service benefit	(15)	(15)	(46)		(46)
Amortization of actuarial loss	3,005	3,149	9,040		9,472
Curtailment (gain) loss, net	(361)	(118)	(361)		269
Other Comprehensive Loss Income Reclassification Of Defined Benefit Plans, Net Settlement Loss, Net Of Tax	21	(45)	21		(45)
Net periodic benefit cost	2,062	4,144	6,862		13,238
Changes in accumulated other comprehensive loss:
Actuarial gain (loss)	0	(579)	170		(579)
Amortization of prior service benefit	15	15	46		46
Amortization of actuarial loss	(3,005)	(3,149)	(9,040)		(9,472)
Curtailment gain (loss)	396	118	396		(269)
Total recognized in accumulated other comprehensive loss	(2,615)	(3,550)	(8,449)		(10,229)
Total recognized in net periodic benefit cost and accumulated other comprehensive loss	(553)	594	(1,587)		3,009
Postretirement Benefits [Member]
Net periodic benefit cost (income):
Service cost	50	63	150		188
Interest cost	805	1,147	2,417	[1]	3,441	[1]
Expected return on plan assets	0	0	0		0
Amortization of prior service benefit	0	0	0		0
Amortization of actuarial loss	742	1,127	2,225		3,383
Curtailment (gain) loss, net	0	0	0		0
Other Comprehensive Loss Income Reclassification Of Defined Benefit Plans, Net Settlement Loss, Net Of Tax	0	0	0		0
Net periodic benefit cost	1,597	2,337	4,792		7,012
Changes in accumulated other comprehensive loss:
Actuarial gain (loss)	0	0	0		0
Amortization of prior service benefit	0	0	0		0
Amortization of actuarial loss	(742)	(1,127)	(2,225)		(3,383)
Curtailment gain (loss)	0	0	0		0
Total recognized in accumulated other comprehensive loss	(742)	(1,127)	(2,225)		(3,383)
Total recognized in net periodic benefit cost and accumulated other comprehensive loss	$ 855	$ 1,210	$ 2,567		$ 3,629
[1]	The decrease in interest cost is primarily due to the election made at the end of 2015 to adopt the spot-rate approach to determine the interest cost component of pension and postretirement expense.

Restructuring-Liabilities Textu

Restructuring-Liabilities Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring, net	$ (627)	$ 4,054	$ 1,030	$ 11,346
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Other General and Administrative Expense	$ 1,293	$ 7,723	$ 5,824	$ 28,096

Restructuring-Charges Table (De

Restructuring-Charges Table (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Restructuring Cost and Reserve [Line Items]
Initial Restructuring Charge		$ 381	$ 5,824	$ 2,442	$ 14,959
Restructuring Reserve, Accrual Adjustment		(612)	(1,652)	(1,016)	(3,882)
Noncash restructuring (gain) charges	[1]	(396)	(118)	(396)	269
Restructuring Charges		(627)	4,054	1,030	11,346
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Initial Restructuring Charge	[2]	286	4,989	2,131	12,745
Restructuring Reserve, Accrual Adjustment		(612)	(1,652)	(1,016)	(3,415)
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Restructuring Charge			835		2,214
Initial Restructuring Charges and Adjustments	[3]	95	835	311	1,747
Restructuring Reserve, Accrual Adjustment		$ 0	$ 0	$ 0	$ (467)
[1]	Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" on the Company's consolidated balance sheets.
[2]	Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative.
[3]	Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative.

Restructuring-Liabilities Table

Restructuring-Liabilities Table (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015	May 29, 2016	Nov. 29, 2015	May 31, 2015	Nov. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Current		$ 8,603	$ 27,501	$ 8,603	$ 27,501	$ 10,853	$ 20,141	$ 32,472	$ 57,817
Restructuring Reserve [Roll Forward]
Restructuring Reserve		11,768	33,127	21,738	63,363
Initial Restructuring Charge		381	5,824	2,442	14,959
Restructuring Reserve, Accrual Adjustment		(612)	(1,652)	(1,016)	(3,882)
Payments for Restructuring		(2,696)	(9,606)	(15,044)	(42,391)
Restructuring Reserve, Translation Adjustment		71	425	792	(3,931)
Restructuring Reserve		8,912	28,118	8,912	28,118
Restructuring Reserve, Noncurrent		309	617	309	617	$ 915	$ 1,597	$ 655	$ 5,546
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve		11,768	33,127	20,774	56,963
Initial Restructuring Charge	[1]	286	4,989	2,131	12,745
Restructuring Reserve, Accrual Adjustment		(612)	(1,652)	(1,016)	(3,415)
Payments for Restructuring		(2,601)	(9,287)	(13,769)	(34,760)
Restructuring Reserve, Translation Adjustment		71	420	792	(3,936)
Restructuring Reserve		8,912	27,597	8,912	27,597
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Restructuring Charges and Adjustments	[2]	95	835	311	1,747
Restructuring Reserve [Roll Forward]
Restructuring Reserve		0	0	964	6,400
Initial Restructuring Charge			835		2,214
Restructuring Reserve, Accrual Adjustment		0	0	0	(467)
Payments for Restructuring		(95)	(319)	(1,275)	(7,631)
Restructuring Reserve, Translation Adjustment		0	5	0	5
Restructuring Reserve		$ 0	$ 521	$ 0	$ 521
[1]	Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative.
[2]	Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative.

Dividend (Details)

Dividend (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	May 29, 2016	Aug. 28, 2016	Aug. 30, 2015
Dividends [Abstract]
Dividend paid	$ 60,000	$ 60,000	$ 50,000

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Aug. 28, 2016	Nov. 29, 2015
Equity [Abstract]
Pension and postretirement benefits	$ (229,893)	$ (236,340)
Net investment hedge losses	(19,305)	(18,247)
Foreign currency translation losses	(120,417)	(117,394)
Unrealized gains on marketable securities	2,100	1,880
Accumulated other comprehensive loss	(367,515)	(370,101)
Accumulated other comprehensive income attributable to noncontrolling interest	9,578	8,965
Accumulated other comprehensive loss attributable to Levi Strauss & Co.	$ (377,093)	$ (379,066)

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Other Income and Expenses [Abstract]
Foreign exchange management gains (losses)	$ (8,232)	$ 3,102	$ (5,614)	$ 24,957
Foreign currency transaction (losses) gains	9,496	(13,805)	5,690	(57,089)
Interest income	368	400	858	1,059
Investment income	268	258	976	697
Other	2,779	1,729	4,845	3,671
Total other income (expense), net	$ 4,679	$ (8,316)	$ 6,755	$ (26,705)

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	28.20%	35.10%

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 28, 2016	Aug. 30, 2015	Aug. 28, 2016	Aug. 30, 2015
Levi Strauss Foundation [Member]
Related Party Transaction [Line Items]
Related Party Donations	$ 0.3	$ 0.3	$ 6.5	$ 6.7

Business Segment Information (D

Business Segment Information (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Aug. 28, 2016USD ($)Regional_Segments	Aug. 30, 2015USD ($)	Aug. 28, 2016USD ($)	Aug. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Regional_Segments		3
Net revenues		$ 1,185,111	$ 1,142,012	$ 3,253,198	$ 3,209,267
Operating income		144,908	114,773	319,533	269,833
Restructuring Charges		(627)	4,054	1,030	11,346
Interest expense		(19,170)	(17,138)	(54,483)	(62,363)
Loss on early extinguishment of debt		0	0	0	(14,002)
Other income (expense), net		4,679	(8,316)	6,755	(26,705)
Income before income taxes		130,417	89,319	271,805	166,763
Other Operating Income (Expense) [Member]
Segment Reporting Information [Line Items]
Benefit from resolution of vendor dispute and reversal of liabilities		7,000		7,000
Americas [Member]
Segment Reporting Information [Line Items]
Net revenues		723,853	713,148	1,884,349	1,909,011
Operating income	[1]	149,087	144,241	320,122	349,859
Europe [Member]
Segment Reporting Information [Line Items]
Net revenues		282,525	258,486	799,637	758,124
Operating income	[2]	56,514	50,502	155,856	142,173
Gain on sale-leaseback of distribution center				6,100
Gain on sale of finishing and distribution facility					7,500
AMEA [Member]
Segment Reporting Information [Line Items]
Net revenues		178,733	170,378	569,212	542,132
Operating income		19,389	25,666	81,868	88,037
Regional operating income [Member]
Segment Reporting Information [Line Items]
Operating income		224,990	220,409	557,846	580,069
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Other General and Administrative Expense		1,293	7,723	5,824	28,096
Other Selling, General and Administrative Expense		79,416	93,859	231,459	270,794
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Corporate expenses		$ 80,082	$ 105,636	$ 238,313	$ 310,236
[1]	Americas' operating income for the three- and nine- month periods ended ended August 28, 2016 includes the recognition of approximately $7.0 million benefit from resolution of a vendor dispute and related reversal of liabilities recorded in a prior period.
[2]	Europe's operating income for the nine-month period ended August 28, 2016 includes a gain of $6.1 million related to the sale-leaseback of the Company's distribution center in the United Kingdom in the second quarter of 2016. Europe's operating income for the nine-month period ended August 30, 2015 includes a gain of $7.5 million related to the sale of the Company's finishing and distribution facility in Turkey in the second quarter of 2015.