Levi Strauss & Co. (LEVI) 10-K 26 Jan 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Nov. 28, 2021	Jan. 20, 2022	May 28, 2021
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Nov. 28, 2021
Document Transition Report	false
Entity Registrant Name	LEVI STRAUSS & CO.
Entity File Number	001-06631
Entity Central Index Key	0000094845
Current Fiscal Year End Date	--11-28
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-0905160
Entity Address, Address Line One	1155 Battery Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94111
City Area Code	415
Local Phone Number	501-6000
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	LEVI
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 2,350,627,675
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement for the 2022 Annual Meeting of Stockholders to be filed with the U.S. Securities and Exchange Commission pursuant to Regulation 14A not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference in Part III, Items 10-14 of this Annual Report on Form 10-K.
ICFR Auditor Attestation Flag	true
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		98,205,835
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		299,815,032

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Current Assets:
Cash and cash equivalents	$ 810,266	$ 1,497,155
Short-term investments in marketable securities	91,550	96,531
Trade receivables, net	707,625	540,227
Inventories	897,950	817,692
Other current assets	202,510	174,636
Total current assets	2,709,901	3,126,241
Property, plant and equipment, net	502,562	454,532
Goodwill	386,880	264,768
Other intangible assets, net	291,332	47,426
Deferred tax assets, net	573,114	497,556
Operating lease right-of-use assets, net	1,103,705	988,801
Other non-current assets	332,575	261,917
Total assets	5,900,069	5,641,241
Current Liabilities:
Short-term debt	5,862	17,631
Accounts payable	524,838	375,450
Accrued salaries, wages and employee benefits	274,700	179,081
Restructuring liabilities	19,106	54,723
Accrued income taxes	14,477	21,986
Accrued sales returns and allowances	209,364	185,868
Short-term operating lease liabilities	245,369	237,142
Other accrued liabilities	575,902	477,001
Total current liabilities	1,869,618	1,548,882
Long-term debt	1,020,700	1,546,700
Postretirement medical benefits	51,439	60,249
Pension liabilities	155,218	168,721
Long-term employee related benefits	108,544	94,654
Long-term operating lease liabilities	969,482	858,293
Other long-term liabilities	59,407	64,267
Total liabilities	4,234,408	4,341,766
Commitments and contingencies
Levi Strauss & Co. stockholders’ equity
Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized; 97,567,627 shares and 74,352,481 shares issued and outstanding as of November 28, 2021 and November 29, 2020, respectively; and 422,000,000 Class B shares authorized, 302,209,813 shares and 323,547,674 shares issued and outstanding, as of November 28, 2021 and November 29, 2020, respectively	400	398
Additional paid-in capital	584,774	626,243
Accumulated other comprehensive loss	(394,387)	(441,446)
Retained earnings	1,474,874	1,114,280
Total stockholders’ equity	1,665,661	1,299,475
Total liabilities and stockholders’ equity	$ 5,900,069	$ 5,641,241

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 28, 2021	Nov. 29, 2020
Common Class A
Levi Strauss & Co. stockholders’ equity
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (shares)	1,200,000,000	1,200,000,000
Common stock, shares issued (shares)	97,567,627	74,352,481
Common stock, shares outstanding (shares)	97,567,627	74,352,481
Common Class B
Levi Strauss & Co. stockholders’ equity
Common stock, shares authorized (shares)	422,000,000	422,000,000
Common stock, shares issued (shares)	302,209,813	323,547,674
Common stock, shares outstanding (shares)	302,209,813	323,547,674

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Income Statement [Abstract]
Net revenues	$ 5,763,936	$ 4,452,609	$ 5,763,087
Cost of goods sold	2,417,225	2,099,685	2,661,714
Gross profit	3,346,711	2,352,924	3,101,373
Selling, general and administrative expenses	2,652,213	2,347,628	2,534,698
Restructuring Costs	8,287	90,415	0
Operating income (loss)	686,211	(85,119)	566,675
Interest expense	(72,902)	(82,190)	(66,248)
Underwriter commission paid on behalf of selling stockholders	0	0	(24,860)
Loss on early extinguishment of debt	(36,521)	0	0
Other income (expense), net	3,452	(22,474)	2,017
Income (loss) before income taxes	580,240	(189,783)	477,584
Income tax expense (benefit)	26,699	(62,642)	82,604
Net income (loss)	553,541	(127,141)	394,980
Net income attributable to noncontrolling interest	0	0	368
Net income (loss) attributable to Levi Strauss & Co.	$ 553,541	$ (127,141)	$ 394,612
Earnings (loss) per common share attributable to common stockholders:
Basic (usd per share)	$ 1.38	$ (0.32)	$ 1.01
Diluted (usd per share)	$ 1.35	$ (0.32)	$ 0.97
Weighted-average common shares outstanding:
Basic (in shares)	401,634,760	397,315,117	389,082,277
Diluted (in shares)	409,778,169	397,315,117	408,365,902

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Consolidated Statements of Comprehensive Income [Abstract]
Net income (loss)	$ 553,541	$ (127,141)	$ 394,980
Pension and postretirement benefits	35,059	60,915	10,248
Derivative instruments	69,735	(55,242)	19,026
Foreign currency translation (losses) gains	(51,016)	10,493	(7,250)
Unrealized gains on marketable securities	5,662	9,758	4,362
Total other comprehensive income, before related income taxes	59,440	25,924	26,386
Income tax expense related to items of other comprehensive income (loss)	(12,381)	(7,940)	(6,476)
Comprehensive income (loss), net of income taxes	600,600	(109,157)	414,890
Comprehensive income attributable to noncontrolling interest	0	0	(680)
Comprehensive income (loss) attributable to Levi Strauss & Co.	$ 600,600	$ (109,157)	$ 414,210

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Class A & Class B Common Stock	Additional Paid-In Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossCumulative Effect, Period of Adoption, Adjustment [Member]	Noncontrolling Interest	Noncontrolling InterestCumulative Effect, Period of Adoption, Adjustment [Member]
Beginning balance at Nov. 25, 2018	$ 667,459		$ 376	$ 0	$ 1,084,321		$ (424,584)		$ 7,346
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	394,980				394,612				368
Other comprehensive income, net of tax	19,910						19,598		312
Stock-based compensation and dividends, net	55,189		$ 4	55,278	(93)
Employee stock purchase plan	2,062			2,062
Reclassification to temporary equity	(23,845)			(506)	(23,339)
Repurchase of common stock	(3,088)			(165)	(2,923)
Tax withholdings on equity awards	(40,894)			(40,894)
Reclassification from temporary equity in connection with initial public offering	322,985			351,185	(28,200)
Common stock, authorized (in shares)			14
Issuance of Class A common stock in connection with initial public offering	234,583			234,569
Cancel liability-settled awards and replace with equity-settled awards in connection with initial public offering	56,130			56,130
Dividends, Cash	(113,914)				(113,914)
Ending balance at Nov. 24, 2019	1,571,557	$ 5,423	$ 394	657,659	1,310,464	$ 59,867	(404,986)	$ (54,444)	8,026	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(127,141)				(127,141)
Other comprehensive income, net of tax							17,984
Other comprehensive income, net of tax	17,984						(36,460)		(9,616)
Stock-based compensation and dividends, net	50,947		$ 7	51,162	(222)
Employee stock purchase plan	8,050			8,050
Repurchase of common stock			(3)
Repurchase of common stock	(56,243)				(56,240)
Tax withholdings on equity awards	(90,628)			(90,628)
Changes in ownership of noncontrolling interest	(16,835)				(8,809)				(8,026)
Dividends, Cash	(63,639)				(63,639)
Ending balance at Nov. 29, 2020	1,299,475		$ 398	626,243	1,114,280		(441,446)		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	553,541				553,541
Other comprehensive income, net of tax							47,059
Other comprehensive income, net of tax	47,059						47,059		0
Stock-based compensation and dividends, net	60,069		$ 5	60,131	(67)
Employee stock purchase plan	7,674			7,674
Repurchase of common stock			(3)
Repurchase of common stock	(88,452)				(88,449)
Tax withholdings on equity awards	(109,274)			(109,274)
Dividends, Cash	(104,431)				(104,431)
Ending balance at Nov. 28, 2021	$ 1,665,661		$ 400	$ 584,774	$ 1,474,874		$ (394,387)		$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Cash Flows from Operating Activities:
Net income (loss)	$ 553,541	$ (127,141)	$ 394,980
Adjustments to reconcile net income to net cash provided by operating activities:
Asset impairment charges	21,871	66,987	2,388
Depreciation and amortization	143,167	141,795	123,942
Stock-based compensation	60,069	50,947	55,188
Deferred income taxes	(87,945)	(95,244)	(14,963)
Loss on early extinguishment of debt	36,375	0	0
Other, net	33,958	49,592	14,449
Change in operating assets and liabilities:
Trade receivables	(181,547)	234,217	(82,344)
Inventories	(84,670)	93,096	(22,434)
Accounts payable	150,507	12,507	8,887
Accrued salaries, wages and employee benefits and long-term employee related benefits	101,647	(71,137)	(55,363)
Right-of use operating lease assets and current and non-current operating lease liabilities, net	(5,870)	25,999	0
Other current and non-current assets	(28,318)	(82,271)	(43,764)
Other current and long-term liabilities	24,479	170,239	31,222
Net cash provided by operating activities	737,264	469,586	412,188
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(166,944)	(130,383)	(175,356)
Payments to acquire business	(390,915)	(54,570)	0
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting	(17,899)	12,531	12,166
Payments to acquire short-term investments	(122,981)	(109,663)	(114,247)
Proceeds from sale, maturity and collection of short-term investments	126,929	93,526	34,094
Net cash used for investing activities	(571,810)	(188,559)	(243,343)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt, net of issuance costs	489,281	496,041	0
Repayments of long-term debt including extinguishment costs	(1,023,334)	0	0
Proceeds from senior revolving credit facility	0	300,000	0
Repayments of senior revolving credit facility	0	(300,000)	0
Short-term credit facilities and borrowings, net	(12,180)	10,045	(23,268)
Proceeds from issuance of common stock and employee stock purchase	7,674	8,050	256,391
Payments for underwriter commission and other offering costs	0	0	(19,746)
Repurchase of common stock	(85,864)	(56,243)	(3,088)
Shares surrendered for tax withholdings on equity awards	(109,274)	(90,628)	(40,894)
Dividend to stockholders	(104,431)	(63,639)	(113,914)
Other financing, net	(2,760)	(17,631)	(463)
Net cash (used for) provided by financing activities	(840,888)	285,995	55,018
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(11,634)	(4,127)	(2,808)
Net (decrease) increase in cash and cash equivalents and restricted cash	(687,068)	562,895	221,055
Beginning cash and cash equivalents, and restricted cash	1,497,648	934,753	713,698
Ending cash and cash equivalents, and restricted cash	810,580	1,497,648	934,753
Less: Ending restricted cash	(314)	(493)	(516)
Ending cash and cash equivalents	810,266	1,497,155	934,237
Noncash Investing Activity:
Property, plant and equipment acquired and not yet paid at end of period	72,326	35,994	30,512
Supplemental disclosure of cash flow information:
Cash paid for interest during the period	54,350	73,667	54,000
Income taxes	$ 109,568	$ 50,068	$ 96,540

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Consolidated Statements of Stockholders' Deficit and Comprehensive Income [Abstract]
Cash dividends paid per share (usd per share)	$ 0.26	$ 0.16	$ 0.30

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Nov. 28, 2021
Accounting Policies [Abstract]
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, activewear, tops, shorts, skirts, jackets, footwear and related accessories, for men, women and children around the world under the Levi’s ® , Signature by Levi Strauss & Co.™, Denizen ® , Dockers ® and Beyond Yoga ® brands. In the fourth quarter of fiscal 2021, the Company acquired Beyond Yoga ® , which has been consolidated since the date of acquisition. Beyond Yoga ® generates revenue from the sale of activewear in the United States. Please refer to Note 4 for more information. Basis of Presentation and Principles of Consolidation The 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"). All significant intercompany balances and transactions have been eliminated. 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. Fiscal year 2021 was a 53-week year, ending on November 28, 2021, and fiscal years 2020 and 2019 were 52-week years, ending on November 29, 2020 and November 24, 2019, respectively. Each quarter of fiscal years 2021, 2020 and 2019 consisted of 13 weeks, with the exception of the fourth quarter of fiscal year 2020, which consisted of 14 weeks. All references to years relate to fiscal years rather than calendar years. Segments In the fourth quarter of 2021, the Company changed its segment reporting as a result of operational changes in support of the ongoing efforts to globally integrate its Levi's Brands business, which includes Levi's, Signature by Levi Strauss & Co.™ and Denizen ® brands, and is defined geographically in three reportable segments: Americas, Europe and Asia. The Dockers ® business, which is managed separately, is no longer reported in the geographical regions of Americas, Europe and Asia. The newly acquired Beyond Yoga ® business, along with the Dockers ® business, do not meet the quantitative thresholds for reportable segments and therefore are presented under the caption of Other Brands. While this reporting change did not impact consolidated results, the segment data for previously reported periods has been recast to be consistent for all periods presented throughout the financial statements and accompanying footnotes. For additional information, including the financial results of our reportable segments, see Note 23. COVID-19 Update In fiscal year 2020, the COVID-19 pandemic materially impacted the Company's business and results of operations. During the second quarter of fiscal year 2020, the World Health Organization declared COVID-19 a global pandemic and government authorities around the world imposed lockdowns and restrictions. Total charges of $250.0 million were recognized during fiscal year 2020, consisting of $90.4 million of restructuring charges, COVID-19 related inventory costs of $68.5 million, and charges for customer receivables, asset impairments and other related charges of $91.1 million. For more information on asset impairments, restructuring charges, inventory and other related charges, refer to Notes 3, 13, 14 and 15, respectively. For more information on charges for customer receivables and COVID-19 related inventory costs, see "Accounts Receivable, Net" and "Inventory Valuation" sections below. During fiscal year 2021, company-operated stores and third-party retail locations have been, and continue to be, impacted by temporary closures, reduced hours and reduced occupancy levels as the result of the pandemic. The Company continues to experience differing levels of disruption and volatility, market by market. As of year end, approximately 99% of company-operated stores were open globally. Initial Public Offering In March 2019, the Company completed its initial public offering, in which it issued and sold 14,960,557 shares of Class A common stock at a public offering price of $17.00 per share (the "IPO"). The Company received net proceeds of $234.6 million after deducting underwriting discounts and commissions of $13.6 million and other direct and incremental offering expenses of $6.1 million. The Company agreed to pay all underwriting discounts and commissions applicable to the sales of shares of Class A common stock by the selling stockholders. This amount, $24.9 million, was paid at completion of the IPO in March 2019 and was recorded as non-operating expense in the second quarter of 2019. Additionally, the Company incurred $3.5 million of other costs associated with the IPO that were recorded in selling, general and administrative expenses. In connection with the IPO, on March 19, 2019 the Company's Board of Directors approved the cancellation of the majority of the outstanding unvested cash-settled restricted stock units ("RSUs") and their concurrent replacement with similar equity-settled RSUs ("Replacement Awards"), pursuant to the Company's 2016 Equity Incentive Plan (the "2016 Plan"). RSUs for certain foreign affiliates continue to be cash-settled. Other than the form of settlement, all other terms of the awards (including their vesting schedules) are the same. Prior to this modification, the cash-settled awards were classified as liabilities and stock-based compensation expense was measured using the fair value at the end of each reporting period. After the modification, the stock-based compensation expense for these awards was measured using the modification date fair value. As a result of the modification, accrued stock-based compensation expense of $45.8 million and $10.3 million were reclassified on the Company's consolidated balance sheets from accrued salaries, wages and employee benefits and other long-term liabilities, respectively, to additional paid in capital. Refer to Note 12 for more information. Prior to the IPO, the holders of shares issued under the 2016 Plan could require the Company to repurchase such shares at the then-current market value pursuant to a contractual put right. Equity-classified stock-based awards that may be settled in cash at the option of the holder were presented on the Company's consolidated balance sheets outside of permanent equity. Accordingly, temporary equity on the Company's consolidated balance sheets included the redemption value of these awards generally related to the elapsed service period since the grant date reflecting patterns of compensation cost recognition, as well as the fair value of the Company's common stock issued pursuant to the 2016 Plan. Upon the completion of the IPO, this contractual put right was terminated and these awards are no longer presented as temporary equity. As a result, the balance in temporary equity as of immediately prior to the IPO of $351.2 million was reclassified to additional paid in capital. Refer to Note 12 for more information. On February 12, 2019, the Company’s stockholders also approved the adoption of an amended and restated certificate of incorporation (the "IPO Certificate") and amended and restated bylaws, which took effect upon the closing of the IPO. The IPO Certificate provides for two classes of common stock: Class A common stock, par value $0.001 per share, and Class B common stock, par value $0.001 per share. All common stock outstanding at the time of the closing of the IPO converted automatically into Class B common stock, each having ten votes per share. Shares of Class A common stock, each having one vote per share, were sold in the IPO. Shares of Class B common stock sold by selling stockholders in the IPO automatically converted into shares of Class A common stock in connection with such sale. Holders of Class B common stock can voluntarily convert their shares into Class A common stock if and when they wish to do so in order to sell their shares to the public. On February 12, 2019, the Company’s stockholders approved the Company's 2019 Equity Incentive Plan (the "2019 Plan") and the Company's 2019 Employee Stock Purchase Plan (the "2019 ESPP"), each of which became effective on March 20, 2019, the effective date of the IPO registration statement. The maximum number of shares of the Company’s Class A common stock that may be issued under the 2019 Plan is 40,000,000. The 2019 ESPP authorizes the issuance of 12,000,000 shares of the Company’s Class A common stock and is subject to automatic annual increases. 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. The impact of the COVID-19 pandemic has been considered within these estimates. 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. In particular, significant uncertainty remains about the duration and extent of the impact of the COVID-19 pandemic and its resulting impact on global economic conditions. If economic conditions caused by the pandemic do not recover as currently estimated by management, the Company’s financial condition, cash flows and results of operations may be further materially impacted. As a result of uncertainty and frequently changing information regarding the COVID-19 pandemic and its impact on global economic conditions, estimates may change frequently and in the near term. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash equivalents are stated at fair value. Derivative Instruments and Hedging Activities The Company records all derivatives on the balance sheet at fair value, which are included in "Other current assets", "Other non-current assets", "Other accrued liabilities" or "Other long-term liabilities" on the Company’s consolidated balance sheets. The portion of the fair value that represents cash flow occurring within one year are classified as current and the portion related to cash flows occurring beyond one year are classified as non-current. The cash flows from the designated derivative instruments used as hedges are classified in the Company's consolidated statements of cash flows in the same section as the cash flows of the hedged item. Designated Cash Flow Hedges The Company actively manages the risk of changes in functional currency equivalent cash flows resulting from anticipated non-functional currency denominated purchases and sales. The Company’s global sourcing organization uses the U.S. dollar as its functional currency and is primarily exposed to changes in functional currency equivalent cash flows from anticipated inventory purchases, as it procures inventory on behalf of subsidiaries with the Euro, Australian Dollar and Japanese Yen functional currencies. The Company's Mexico subsidiary uses the Mexican Peso as its functional currency and is exposed as it procures inventory in the U.S. Dollar. Additionally, a European subsidiary uses Euros as its functional currency and is exposed to anticipated non-functional currency denominated sales. The Company manages these risks by using currency forward contracts formally designated and effective as cash flow hedges. Hedge effectiveness is generally determined by evaluating the ability of a hedging instrument's cumulative change in fair value to offset the cumulative change in the present value of expected cash flows on the underlying exposures. For forward contracts, forward points are excluded from the determination of hedge effectiveness and are included in cost of goods sold for hedges of anticipated inventory purchases and in net revenues for hedges of anticipated sales on a straight-line basis over the life of the contract. In each accounting period, differences between the change in fair value of the forward points and the amount recognized on a straight-line basis is recognized in "Other comprehensive income". Net Investment Hedges The Company designates certain non-derivative instruments as net investment hedges to hedge the Company's net investment position in certain of its foreign subsidiaries. For these instruments, the Company documents the hedge designation by identifying the hedging instrument, the nature of the risk being hedged and the approach for measuring hedge effectiveness. Non-designated Cash Flow Hedges The Company enters into derivative instruments not designated as hedges. These derivative instruments are not speculative and are used to manage the Company’s exposure to certain product sourcing activities, some intercompany sales, foreign subsidiaries' royalty payments, interest payments, earnings repatriations, net investment in foreign operations and funding activities but the Company has not elected to apply hedge accounting. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in "Other income (expense), net" in the Company’s consolidated statements of operations. Accounts Receivable, Net The Company extends credit to its customers that satisfy pre-defined credit criteria. Accounts receivable are recorded net of an allowance for credit losses. The Company estimates the allowance for credit losses based on an analysis of the aging of accounts receivable, assessment of collectability, including any known or anticipated bankruptcies, customer-specific circumstances and an evaluation of current economic conditions. Actual write-off of receivables may differ from estimates due to changes in customer and economic circumstances. During fiscal 2021, a net reduction of $12.5 million in allowances related to customer receivables was recorded as a result of a change in customers' financial condition, actual and anticipated bankruptcies and other associated claims. During fiscal year 2020, $17.7 million in charges were recognized upon the onset of the COVID-19 pandemic. The allowance for credit losses was $11.6 million and $14.7 million as of November 28, 2021 and November 29, 2020, respectively. Inventory Valuation The Company values inventories at the lower of cost or net realizable value. Inventory cost is determined using the first-in first-out method. The Company includes product costs, labor and related overhead, inbound freight, internal transfers, and the cost of operating its remaining manufacturing facilities, including the related depreciation expense, in the cost of inventories. The Company estimates quantities of slow-moving and obsolete inventory, by reviewing on-hand quantities, outstanding purchase obligations and forecasted sales. The Company determines inventory net realizable value by estimating expected selling prices based on the Company's historical recovery rates for slow-moving and obsolete inventory and other factors, such as market conditions, expected channel of distribution and current consumer preferences. Net realizable value is determined by estimating expected selling prices based on anticipated recovery rates for slow-moving and obsolete inventory and other factors, such as market conditions, expected channel of distribution and current consumer demand and preferences. During fiscal year 2021, there was a $2.3 million net reduction in COVID-19 related inventory reserves recognized due to the overall improvement in operations since when the initial estimates were made. During fiscal year 2020, the Company recognized $42.3 million in net incremental inventory reserves upon the onset of COVID-19. All COVID-19 related impacts on inventory valuation were recorded within "Cost of goods sold" in the accompanying consolidated statements of operations. Income Tax Beginning in fiscal year 2020, the Company adopted Accounting Standards Update (ASU) 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) . ASU 2018-02 addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Cuts and Jobs Act (the "Tax Act") enacted on December 22, 2017. Stranded income tax effects unrelated to the Tax Act are generally released from accumulated other comprehensive income (loss) when an entire portfolio of the type of item related to the stranded income tax effect is liquidated, sold or extinguished. Significant judgment is required in determining the Company's global income tax provision. In the ordinary course of a global business, there are many transactions and calculations where the ultimate tax outcome is uncertain. Some of these uncertainties arise from examinations in various jurisdictions and assumptions and estimates used in evaluating the need for valuation allowances. The Company is subject to income taxes in the United States and numerous foreign jurisdictions. The Company computes its provision for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carryforwards. All deferred income taxes are classified as non-current on the Company's consolidated balance sheets. Deferred tax assets and liabilities are measured using the currently enacted tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. Significant judgments are required in order to determine the realizability of these deferred tax assets. In assessing the need for a valuation allowance, the Company's management evaluates all significant available positive and negative evidence, including historical operating results, estimates of future taxable income and the existence of prudent and feasible tax planning strategies. The Company continuously reviews issues raised in connection with all ongoing examinations and open tax years to evaluate the adequacy of its tax liabilities. The Company evaluates uncertain tax positions under a two-step approach. The first step is to evaluate the uncertain tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained upon examination based on its technical merits. The second step, for those positions that meet the recognition criteria, is to measure the tax benefit as the largest amount that is more than fifty percent likely to be realized. The Company believes that its recorded tax liabilities are adequate to cover all open tax years based on its assessment. This assessment relies on estimates and assumptions and involves significant judgments about future events. To the extent that the Company's view as to the outcome of these matters change, the Company will adjust income tax expense in the period in which such determination is made. The Company classifies interest and penalties related to income taxes as income tax expense. Cloud Computing Arrangements The Company incurs costs to implement cloud computing arrangements that are hosted by third party vendors. Implementation costs associated with cloud computing arrangements are capitalized when incurred during the application development phase. Amortization is calculated on a straight-line basis over the contractual term of the cloud computing arrangement on a straight-line basis. Capitalized amounts related to such arrangements are recorded within other current assets and other non-current assets in the consolidated balance sheets Property, Plant and Equipment Property, plant and equipment are carried at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method based upon the estimated useful lives of the assets. Buildings are depreciated over a 20 to 40 year period. Leasehold improvements are depreciated over the lesser of the estimated useful life of the improvement or the associated lease term. Machinery and equipment, including furniture and fixtures, automobiles and trucks, and networking communication equipment, is depreciated over a three Software development costs, which are direct costs associated with developing software for internal use, including certain payroll and payroll-related costs are capitalized when incurred during the application development phase and are depreciated on a straight-line basis over the estimated useful life, typically over a three seven The Company reviews property plant and equipment for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or an asset group may not be recoverable. Impairment losses are measured and recorded for the excess of carrying value over its fair value, estimated based on expected future cash flows and other quantitative and qualitative factors. Goodwill and Intangible Assets Goodwill resulted primarily from a 1985 acquisition of the Company by Levi Strauss Associates Inc., a former parent company that was subsequently merged into the Company in 1996, the acquisition of Beyond Yoga ® in 2021 and other third party acquisitions. Goodwill is not amortized. Intangible assets are comprised of customer relationships and owned trademarks with definite and indefinite useful lives. The Company tests goodwill and indefinite-lived intangible assets for impairment annually in the fourth quarter of the fiscal year, or more frequently as warranted by events or changes in circumstances which indicate that the carrying amount may not be recoverable. The Company may first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived asset is less than its carrying amount. If, based on the results of the qualitative assessment, it is concluded that it is not more likely than not that the fair value of a reporting unit or indefinite-lived asset exceeds its carrying value, a quantitative test is performed. Under the quantitative test, the Company compares the carrying value of the reporting unit or indefinite-lived asset to its fair value. If the carrying value exceeds its fair value, the Company records an impairment charge equal to the excess of the carrying value over the related fair value. Restructuring Liabilities Upon approval of a restructuring plan, the Company records restructuring liabilities for employee severance and related termination benefits when they become probable and estimable for recurring arrangements. The Company records other costs associated with exit activities as they are incurred. The long-term portion of restructuring liabilities is included in “Other long-term liabilities” in the Company’s consolidated balance sheets. See Note 13 for more information. Operating Leases Beginning in fiscal year 2020, the Company adopted Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) . The Company primarily leases retail store space, certain distribution and warehouse facilities, office space and equipment. The Company determines if an arrangement is a lease at inception and begins recording lease activity at the commencement date, which is generally the date in which the Company takes possession of or controls the physical use of the asset. Right-of-use ("ROU") assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. Incremental borrowing rates are used to determine the present value of future lease payments unless the implicit rate is readily determinable. Incremental borrowing rate reflects the rate the lessee would pay to borrow on a secured basis an amount equal to the lease payments and incorporates the term and economic environment of the lease. ROU assets include amounts for scheduled rent increases and are reduced by the amount of lease incentives. The lease term includes the non-cancelable period of the lease and options to extend or terminate the lease when it is reasonably certain the Company will exercise those options. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation as a result of changes in a published index, primarily the Consumer Price Index. The Company has elected to account for lease and non-lease components together as a single lease component in the measurement of ROU assets and lease liabilities. Variable lease payments are not included in the measurement of ROU assets and lease liabilities. For leases with a lease term of 12 months or less, fixed lease payments are recognized on a straight-line basis over such term and are not recognized on the consolidated balance sheet. See Note 15 for further discussion of the Company's leases. Debt Issuance Costs The Company capitalizes debt issuance costs on its senior revolving credit facility, which are included in "Other non-current assets" on the Company's consolidated balance sheets. Capitalized debt issuance costs on the Company's unsecured long-term debt are presented as a reduction to the debt outstanding on the Company's consolidated balance sheets. The unsecured long-term debt issuance costs are generally amortized utilizing the effective interest method whereas the senior revolving credit facility issuance costs are amortized utilizing the straight-line method. Amortization of debt issuance costs is included in "Interest expense" in the consolidated statements of operations. Fair Value of Financial Instruments The fair values of the Company's financial instruments reflect the amounts that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The fair value estimates presented in these financial statements are based on information available to the Company as of November 28, 2021 and November 29, 2020. The carrying values of cash and cash equivalents, trade receivables and short-term borrowings approximate fair value since they are short term in nature. The Company has estimated the fair value of its other financial instruments using the market and income approaches. Rabbi trust assets and forward foreign exchange contracts are carried at their fair values. The Company's debt instruments are carried at historical cost and adjusted for amortization of premiums, discounts, or deferred financing costs, foreign currency fluctuations and principal payments. Pension and Postretirement Benefits The Company has several non-contributory defined benefit retirement plans covering eligible employees. The Company also provides certain health care benefits for U.S. employees who meet age, participation and length of service requirements at retirement. In addition, the Company sponsors other retirement or post-employment plans for its foreign employees in accordance with local government programs and requirements. The Company retains the right to amend, curtail or discontinue any aspect of the plans, subject to local regulations. The Company recognizes either an asset or a liability for any plan's funded status in its consolidated balance sheets. The Company measures changes in funded status using actuarial models which utilize an attribution approach that generally spreads individual events over the estimated service lives of the remaining employees in the plan. For plans where participants will not earn additional benefits by rendering future service, which includes the Company's U.S. plans, individual events are spread over the plan participants' estimated remaining lives. The Company's policy is to fund its retirement plans based upon actuarial recommendations and in accordance with applicable laws, income tax regulations and credit agreements. Net pension and postretirement benefit income or expense is generally determined using assumptions which include expected long-term rates of return on plan assets, discount rates, compensation rate increases and medical and mortality trend rates. The Company considers several factors including historical rates, expected rates and external data to determine the assumptions used in the actuarial models. Employee Incentive Compensation The Company maintains short-term and long-term employee incentive compensation plans. Provisions for employee incentive compensation are recorded in "Accrued salaries, wages and employee benefits" and "Long-term employee related benefits" on the Company's consolidated balance sheets. The Company accrues the related compensation expense over the period of the plan and changes in the liabilities for these incentive plans generally correlate with the Company's financial results and projected future financial performance. Stock-Based Compensation The Company has stock-based incentive plans that allow for the issuance of cash or equity-settled awards to certain employees and non-employee directors. The Company recognizes compensation expense for share-based awards that are classified as equity based on the grant date fair value of the awards over the requisite service period, adjusted for estimated forfeitures. The cash-settled awards are classified as liabilities and compensation expense is measured using fair value at the end of each reporting period until settlement. The grant date fair value of the Company's stock appreciation right awards is estimated using the Black-Scholes valuation model. The grant date fair value of the Company's service based restricted stock units ("RSUs") and non-market based performance RSUs is determined based on the fair value of the Company's common stock on the date of grant, adjusted to reflect the absence of dividend equivalents during vesting. The grant date fair value of the Company's market based performance RSUs is estimated using a Monte Carlo simulation valuation model. Compensation expense for all performance based RSUs is recognized over the requisite service period when attainment of the performance goal is deemed probable, net of estimated forfeitures. Compensation expense for market based RSUs, net of estimated forfeitures, is recognized over the requisite service period regardless of whether, and the extent to which, the market condition is ultimately satisfied. For RSU awards with cliff vesting terms, compensation expense is recognized on a straight-line basis. For awards granted to retirement-eligible employees, or employees who will become retirement-eligible prior to the end of the awards' respective stated vesting periods, the related stock-based compensation expense is recognized on an accelerated basis over a term commensurate with the period that the employee is required to provide service in order to vest in the award. Due to the job function of the award recipients, the Company has included stock-based compensation expense in "Selling, general and administrative expenses" in the consolidated statements of operations. Self-Insurance Up to certain limits, the Company self-insures various loss exposures primarily relating to workers' compensation risk and employee and eligible retiree medical health benefits. The Company carries insurance policies covering claim exposures which exceed predefined amounts, per occurrence and/or in the aggregate. Accruals for losses are made based on the Company's claims experience and actuarial assumptions followed in the insurance industry, including provisions for incurred but not reported losses. Foreign Currency The functional currency for most of the Company's foreign operations is the applicable local currency. For those operations, assets and liabilities are translated into U.S. Dollars using period-end exchange rates; income and expenses are translated at average monthly exchange rates; and equity accounts are translated at historical rates. Net changes resulting from such translations are recorded as a component of translation adjustments in "Accumulated other comprehensive loss" on the Company's consolidated balance sheets. Foreign currency transactions are transactions denominated in a currency other than the entity's funct

Inventory

Inventory	12 Months Ended
	Nov. 28, 2021
Inventory Disclosure [Abstract]
Inventory Disclosure	INVENTORIES The following table presents the Company's inventory balances: November 28, November 29, (Dollars in thousands) Raw materials $ 9,141 $ 3,882 Work-in-progress 3,603 4,725 Finished goods 885,206 809,085 Total inventories $ 897,950 $ 817,692

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Nov. 28, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The components of property, plant and equipment ("PP&E") were as follows: November 28, November 29, (Dollars in thousands) Land $ 8,238 $ 8,564 Buildings and leasehold improvements 472,240 477,521 Machinery and equipment 487,356 486,931 Capitalized internal-use software 597,644 560,539 Construction in progress 67,782 24,148 Subtotal 1,633,260 1,557,703 Accumulated depreciation (1,130,698) (1,103,171) PP&E, net $ 502,562 $ 454,532 Depreciation expense for the years ended November 28, 2021, November 29, 2020, and November 24, 2019, was $142.1 million, $136.6 million and $123.9 million, respectively.

Acquisitions

Acquisitions	12 Months Ended
	Nov. 28, 2021
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Beyond Yoga ® Acquisition In the fourth quarter of fiscal 2021, the Company completed the acquisition of Beyond Yoga ® , a body positive, premium athleisure apparel brand focused on quality, fit and comfort for all shapes and sizes. The acquisition was funded entirely by cash on hand. The results of operations, financial position and cash flows of Beyond Yoga ® have been included in the Company's financial statements from the date of acquisition. The Company accounted for the acquisition following FASB ASC Topic 805, Business Combinations, and the related assets acquired, and liabilities assumed were recorded at fair value on the acquisition date. The aggregate purchase price was allocated to the major categories of assets acquired and liabilities assumed based upon their respective fair values at the acquisition date. The purchase price allocation is preliminary and based upon valuation information available to determine the fair value of certain assets and liabilities, including goodwill, and is subject to change, primarily for final adjustments to net working capital as additional information is obtained about the facts and circumstances that existed at the valuation date. The Company expects to finalize the fair values of the assets acquired and liabilities assumed over the one-year measurement period. The following table summarizes the preliminary estimated fair values of the Beyond Yoga ® assets acquired and liabilities assumed at the date of acquisition: September 21, (Dollars in thousands) Cash $ 1,491 Accounts receivable 5,028 Inventory (1) 18,706 Prepaid expenses and other current assets 509 Property, plant and equipment 760 Operating lease right-of-use assets 5,877 Goodwill 123,658 Intangible assets 245,507 Other non-current assets 463 Total assets acquired 401,999 Accounts payable 4,267 Other accrued liabilities 2,256 Operating lease liabilities 5,877 Total liabilities assumed 12,400 Net assets acquired $ 389,599 _____________ (1) Includes $5.9 million of inventory markup above historical carrying value. The goodwill is attributable to the Company's ability to expand the Beyond Yoga ® brand to more consumers through direct-to-consumer expansion, including brick-and-mortar retail, gender and category growth, and further development of the wholesale footprint with premium partners. All of the goodwill will be deductible for tax purposes. The Company assigned a fair value to and estimated useful lives for intangible assets acquired as part of the Beyond Yoga ® acquisition. The fair value of the separately identifiable intangible assets, and their estimated useful lives as of the acquisition date were as follows: Estimated Weighted Average Estimated (Dollars in thousands) Intangible Assets: Trademark $ 215,969 Indefinite Customer Relationships 29,538 8.2 years Total $ 245,507 The Beyond Yoga ® trademark, which is estimated to have an indefinite life, has been valued at $216.0 million using the relief-from-royalty method. The relief-from-royalty method requires the use of significant estimates and assumptions, including projected future revenues, a hypothetical royalty rate, the expected economic life of the asset, tax rates and a discount rate that reflects the level of risk associated with the future earnings attributable to the asset. The Company has not disclosed pro forma information of the combined business as the transaction is not material to revenue or net income. In connection with the acquisition, the Company recognized certain acquisition-related expenses which are expensed as incurred. These expenses are recognized within SG&A in the Company's consolidated statements of operations and include the following amounts: • transaction and integration costs, including fees for advisory and professional services incurred as part of the acquisition and integration costs subsequent to the acquisition; and • acquisition-related compensation, including amounts due to sellers that are contingent upon continuing employment. The following table summarizes the acquisition-related expenses recognized during fiscal year 2021: November 28, (Dollars in thousands) Acquisition-related expenses: Transaction and integration costs $ 2,835 Acquisition-related compensation 962 Total $ 3,797 The Company will recognize a total expense of $15.0 million for deferred consideration that is due to certain continuing Beyond Yoga ® employees, subject to the continued employment of those individuals through various vesting dates up to three years from the acquisition date. This acquisition-related compensation is expensed over the vesting periods as service is provided, and consists of cash payments, which are included within "accrued salaries, wages and employee benefits" within the Company's consolidated balance sheets until payments are made. The Jeans Company Acquisition In December 2019, the Company completed an acquisition of all operating assets related to Levi’s ® and Dockers ® brands from The Jeans Company ("TJC"), the Company's distributor in Chile, Peru and Bolivia, for $52.2 million in cash, plus transaction costs. This includes 78 Levi’s ® and Dockers ® retail stores and one e-commerce site, distribution with the America's leading multi-brand retailers, and the logistical operations within these markets.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Nov. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by business segment for the years ended November 28, 2021 and November 29, 2020, were as follows: Americas Europe Asia Other Brands Total (Dollars in thousands) Balance, November 24, 2019 $ 207,749 $ 26,535 $ 1,504 $ — $ 235,788 Additions (1) 22,445 207 1,710 — 24,362 Foreign currency fluctuation 2,782 1,928 (92) — 4,618 Balance, November 29, 2020 232,976 28,670 3,122 — 264,768 Additions (2) — 1,761 — 123,658 125,419 Foreign currency fluctuation (1,597) (1,639) (71) — (3,307) Balance, November 28, 2021 $ 231,379 $ 28,792 $ 3,051 $ 123,658 $ 386,880 _____________ (1) Additions to goodwill in fiscal year 2020 relate to business acquisitions, primarily the South American distributor TJC. Refer to Note 4 for more information. (2) Additions to Other Brands goodwill in fiscal year 2021 relates to the acquisition of Beyond Yoga ® . Refer to Note 4 for more information. Other intangible assets, net, were as follows: November 28, 2021 November 29, 2020 Gross Accumulated Total Gross Accumulated Total (Dollars in thousands) Non-amortized intangible assets: Trademarks $ 258,712 $ — $ 258,712 $ 42,743 $ — $ 42,743 Amortized intangible assets: Customer relationships and other 38,662 (6,042) 32,620 9,786 (5,103) 4,683 Total $ 297,374 $ (6,042) $ 291,332 $ 52,529 $ (5,103) $ 47,426 Customer relationships and other are amortized over five Estimated amortization expense for each of the next five years is as follows: November 28, (Dollars in thousands) 2022 $ 4,400 2023 4,400 2024 4,400 2025 4,400 2026 4,043 Thereafter 10,977 Total $ 32,620 The Company performed its annual goodwill impairment assessment for reporting units. The fair values of the reporting units were estimated using the income approach. The annual assessment concluded that the fair values of the reporting units were in excess of their respective carrying values. The Company performed its annual impairment assessment over material indefinite-lived intangible assets. The annual assessment concluded that the fair value of the indefinite-lived intangible assets were in excess of their respective carrying values.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Nov. 28, 2021
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: November 28, 2021 November 29, 2020 Fair Value Fair Value 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 $ 80,188 $ 80,188 $ — $ 71,184 $ 71,184 $ — Short-term investments in marketable securities 91,550 91,550 96,531 — 96,531 Derivative instruments (3) 27,512 — 27,512 4,904 — 4,904 Total $ 199,250 $ 80,188 $ 119,062 $ 172,619 $ 71,184 $ 101,435 Financial liabilities carried at fair value Derivative instruments (3) 13,255 — 13,255 10,735 — 10,735 Total $ 13,255 $ — $ 13,255 $ 10,735 $ — $ 10,735 _____________ (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. See Note 11 for more information on rabbi trust assets. (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 cash flow hedges 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. Refer to Note 7 for more information. The following table presents the amortized cost, gross unrealized gains (losses) and fair values of the Company’s available for sale investments: November 28, 2021 November 29, 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Amortized Cost Unrealized Gains Unrealized Losses Fair Value (Dollars in thousands) Short-term investments Rabbi trust assets $ 2,823 $ 1,277 $ — $ 4,100 $ 6,423 $ 2,342 $ — $ 8,765 Short-term investments in marketable securities 91,475 155 (80) 91,550 96,010 530 (9) 96,531 94,298 1,432 (80) 95,650 102,433 2,872 (9) 105,296 Long-term investments Rabbi trust assets 52,398 23,690 — 76,088 45,743 16,676 — 62,419 $ 146,696 $ 25,122 $ (80) $ 171,738 $ 148,176 $ 19,548 $ (9) $ 167,715 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: November 28, 2021 November 29, 2020 Carrying Estimated Fair Carrying Estimated (Dollars in thousands) Financial liabilities carried at adjusted historical cost 5.00% senior notes due 2025 (1) $ — $ — $ 990,280 $ 1,016,169 3.375% senior notes due 2027 (1) 531,382 541,935 564,312 583,227 3.50% senior notes due 2031 (1) 497,335 502,881 — — Short-term borrowings 5,862 5,862 17,648 17,648 Total $ 1,034,579 $ 1,050,678 $ 1,572,240 $ 1,617,044 _____________

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Nov. 28, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As of November 28, 2021, the Company had forward foreign exchange contracts derivatives that were not designated as hedges in qualifying hedging relationships, of which $952.4 million were contracts to buy and $394.1 million were contracts to sell various foreign currencies. These contracts are at various exchange rates and expire at various dates through February 2023. The table below provides data about the carrying values of derivative instruments and non-derivative instruments: November 28, 2021 November 29, 2020 Assets (Liabilities) Derivative Assets (Liabilities) Derivative Carrying Carrying Carrying Carrying (Dollars in thousands) Derivatives designated as hedging instruments Foreign exchange risk cash flow hedges (1) $ 24,858 $ — $ 24,858 $ 1,489 $ — $ 1,489 Foreign exchange risk cash flow hedges (2) — (2,030) (2,030) — (5,036) (5,036) Total $ 24,858 $ (2,030) $ 1,489 $ (5,036) Derivatives not designated as hedging instruments Forward foreign exchange contracts (1) $ 27,512 $ (24,858) $ 2,654 $ 4,902 $ (1,487) $ 3,415 Forward foreign exchange contracts (2) 2,030 (13,255) (11,225) 5,035 (10,734) (5,699) Total $ 29,542 $ (38,113) $ 9,937 $ (12,221) Non-derivatives designated as hedging instruments Euro senior notes $ — $ (532,285) $ — $ (565,820) _____________ (1) Included in "Other current assets" or "Other non-current assets" on the Company’s consolidated balance sheets. (2) Included in "Other accrued liabilities" or "Other long-term 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; however, the Company records the fair value on a gross basis on its consolidated balance sheets based on maturity dates, including those subject to master netting arrangements. The table below presents the gross and net amounts of these contracts recognized on the Company's consolidated balance sheets by type of financial instrument: November 28, 2021 November 29, 2020 Gross Amounts of Assets / (Liabilities) Gross Amounts Net Amounts Gross Amounts of Assets / (Liabilities) Gross Amounts Net Amounts (Dollars in thousands) Foreign exchange risk contracts and forward foreign exchange contracts Financial assets $ 54,400 $ (10,152) $ 44,248 $ 11,426 $ (6,578) $ 4,848 Financial liabilities (40,143) 10,152 (29,991) (17,257) 6,578 (10,679) Total $ 14,257 $ (5,831) The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as cash flow and 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 operations: Amount of Gain or (Loss) Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) (1) As of As of Year Ended November 28, November 29, November 24, (Dollars in thousands) Foreign exchange risk contracts $ 24,304 $ (11,896) $ (19,277) $ 13,182 $ 3,418 Realized forward foreign exchange swaps (2) 4,637 4,637 — — — Yen-denominated Eurobonds (19,811) (19,811) — — — Euro-denominated senior notes (45,201) (78,736) — — — Cumulative income taxes 15,157 31,350 — — — Total $ (20,914) $ (74,456) _____________ (1) Amounts reclassified from AOCI were classified as net revenues or costs of goods sold on the consolidated statements of operations. (2) Prior to and during 2005, the Company used foreign exchange currency swaps to hedge the net investment in its foreign operations. For hedges that qualified for hedge accounting, the net gains were included in AOCI and are not reclassified to earnings until the related net investment position has been liquidated. There was no hedge ineffectiveness for the year ended November 28, 2021. Within the next 12 months, $16.4 million of gains from cash flow hedges are expected to be reclassified from AOCI into net income (loss). The table below presents the effects of the Company's cash flow hedges of foreign exchange risk contracts on the Consolidated statements of operations for the year ended November 28, 2021: Year ended November 28, November 29, November 24, (Dollars in thousands) Amount of (Loss) Gain on Cash Flow Hedge Activity: Net revenues $ (4,323) $ 1,814 $ (3,908) Cost of goods sold (14,954) 11,368 7,326 The table below provides data about the amount of gains and losses related to derivative instruments included in "Other income (expense), net" in the Company’s consolidated statements of operations: Year Ended November 28, November 29, November 24, (Dollars in thousands) Forward foreign exchange contracts: Realized (loss) gain (1) $ (9,744) $ 8,049 $ 8,164 Unrealized loss (2) (5,057) (5,750) (8,038) Total $ (14,801) $ 2,299 $ 126 _____________ (1) The realized loss in fiscal year 2021 is primarily driven by losses on contracts to buy various currencies, mainly the Euro, and losses on contracts to sell various currencies, in particular the British Pound, Canadian Dollar and Mexican Peso a result of the U.S. Dollar strengthening throughout the year against original contract rates. The realized gain in fiscal year 2020 is primarily driven by gains on contracts to buy various currencies, mainly the Euro, as a result of the U.S. Dollar weakening throughout the year against original contract rates. The realized gain in fiscal year 2019 is driven by gains on contracts to sell various currencies, mainly the Euro, as a result of the U.S. Dollar strengthening throughout the year against lower original contract rates.

Other Liabilities

Other Liabilities	12 Months Ended
	Nov. 28, 2021
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure	OTHER ACCRUED LIABILITIES The following table presents the Company's other accrued liabilities: November 28, November 29, (Dollars in thousands) Other accrued liabilities Accrued advertising and promotion $ 111,086 $ 80,272 Accrued interest payable 8,281 8,235 Accrued rent 16,612 22,045 Fabric liabilities 4,625 25,493 Fair value derivatives 13,246 10,390 Taxes other than income taxes payable 48,278 34,555 Other 373,774 296,011 Total other accrued liabilities $ 575,902 $ 477,001

Debt

Debt	12 Months Ended
	Nov. 28, 2021
Debt Disclosure [Abstract]
DEBT	DEBT The following table presents the Company's debt: November 28, November 29, (Dollars in thousands) Long-term debt 5.00% senior notes due 2025 $ — $ 986,252 3.375% senior notes due 2027 527,644 560,448 3.50% senior notes due 2031 493,056 — Total long-term debt $ 1,020,700 $ 1,546,700 Short-term debt Short-term borrowings 5,862 17,631 Total debt $ 1,026,562 $ 1,564,331 Senior Revolving Credit Facility The Company is a party to a Second Amended and Restated Credit Agreement as amended by that certain Amendment No. 2 to Second Amended and Restated Credit Agreement dated as of January 5, 2021 (the “Credit Agreement Amendment”), that provides for a senior secured revolving credit facility (the "Credit Facility"). The Credit Facility is an asset-based facility, in which the borrowing availability is primarily based on the value of the U.S. Levi's® trademarks and the levels of certain eligible cash, accounts receivable and inventory in the United States and Canada. Availability, interest and maturity. The maximum availability under the credit facility is $850.0 million, of which $800.0 million is available to the Company for revolving loans in U.S. Dollars and $50.0 million is available to the Company for revolving loans in either U.S. or Canadian Dollars. Subject to the availability under the borrowing base, the Company may make and repay borrowings from time to time until the maturity of the credit facility. The Company may make voluntary prepayments of borrowings at any time and must make mandatory prepayments if certain events occur. Of the maximum availability of $850.0 million, the U.S. Levi’s ® trademarks are deemed to add the lesser of (i) $150.0 million and (ii) 65% of the net orderly liquidation value of such trademarks to the borrowing base. Upon the maturity date of January 5, 2026, all of the obligations outstanding under the credit facility become due. The interest rate for borrowings under the credit facility is LIBOR plus 125-175 basis points, depending on borrowing base availability, and the rate for undrawn availability is 20 basis points. The Company’s unused availability under its Credit Facility was $794.3 million at November 28, 2021, as the Company’s total availability of $806.6 million, based on the collateral levels discussed above, was reduced by $9.7 million of stand-by letters of credit and by $2.6 million of other credit-related instruments. The Company has stand-by letters of credit with various international banks under the Company's credit facility serving as guarantees to cover U.S. workers' compensation claims and working capital requirements for certain subsidiaries, primarily in India. The Second Amended and Restated Credit Agreement also provides that the Company may increase the availability under the Company's credit facility up to the greater of (i) $1.6 billion in the aggregate and (ii) an amount that would not cause the Company's secured leverage ratio (as defined in the Second Amended and Restated Credit Agreement) to exceed 3.25 to 1.00, in each case if certain conditions are met. Guarantees and security. The Company's obligations under the Second Amended and Restated Credit Agreement are guaranteed by its domestic subsidiaries. The obligations under the Second Amended and Restated Credit Agreement are secured by specified domestic assets, including certain U.S. trademarks associated with the Levi's ® brand and accounts receivable, goods and inventory in the United States. Additionally, the obligations of Levi Strauss & Co. (Canada) Inc. under the credit agreement are secured by Canadian accounts receivable, goods, inventory and other Canadian assets. The lien on the U.S. Levi's ® trademarks and related intellectual property may be released at the Company's discretion subject to certain conditions, and such release would reduce the borrowing base. Covenants. The Second Amended and Restated Credit Agreement contains customary covenants restricting the Company's activities, as well as those of the Company's subsidiaries, including limitations on the ability to sell assets, engage in mergers, or other fundamental changes, enter into capital leases or certain leases not in the ordinary course of business, enter into transactions involving related parties or derivatives, incur or prepay indebtedness, grant liens or negative pledges on the Company's assets, make loans or other investments, pay dividends or repurchase stock or other securities, guarantee third-party obligations, engage in sale leasebacks and make changes in the Company's corporate structure. There are exceptions to these covenants, and some are only applicable when unused availability falls below specified thresholds. In addition, the Second Amended and Restated Credit Agreement includes, as a financial covenant, a springing fixed charge coverage ratio of 1.0 to 1.0, which arises when availability falls below a specified threshold. As of November 28, 2021, the Company was in compliance with these covenants. Events of default. The Second Amended and Restated Credit Agreement contains customary events of default, including payment failures, breaches of representations and warranties, failure to comply with covenants, failure to satisfy other obligations under the credit agreements or related documents, defaults in respect of other indebtedness, bankruptcy, insolvency and inability to pay debts when due, material judgments, pension plan terminations or specified underfunding, substantial stock ownership changes, failure of certain provisions of any guarantee or security document supporting the Company's credit facility to be in full force and effect, change of control and specified changes in the composition of the Board. The cross-default provisions in the Second Amended and Restated Credit Agreement apply if a default occurs on other indebtedness of the Company or the guarantors in excess of $50.0 million and the applicable grace period in respect of the indebtedness has expired, such that the lenders of or trustee for the defaulted indebtedness have the right to accelerate. If an event of default occurs under the Second Amended and Restated Credit Agreement, subject to any applicable grace period, the lenders may terminate their commitments, declare immediately payable all borrowings under the credit facility and foreclose on the collateral. Senior Notes due 2025 Principal, interest, and maturity. The Company issued $500.0 million in aggregate principal amount of 5.00% senior notes due 2025 (the "Senior Notes due 2025") to qualified institutional buyers in April 2015 and an additional $500.0 million in April 2020. The Senior Notes due 2025 were treated as a single series (collectively, the "Senior Notes due 2025"), were unsecured obligations that ranked equally with all of the Company’s other existing and future unsecured and unsubordinated debt and were set to mature on May 1, 2025. In March 2021, the Company used $800.0 million of cash on hand to redeem a portion of the Senior Notes due 2025 and recorded a net loss of $30.1 million on the early extinguishment of debt, which included $20.0 million of call premium. In September 2021, the Company used $200.0 million of cash on hand to redeem the remaining Senior Notes due 2025 and recorded a net loss on the early extinguishment of debt of $6.2 million, which included $3.3 million of call premium on the retired debt. Senior Notes due 2027 Principal, interest and maturity. In February 2017, the Company issued €475.0 million in aggregate principal amount of 3.375% senior notes due 2027 (the "Senior Notes due 2027") to qualified institutional buyers and to purchasers outside the United States, which were later exchanged for new notes in the same principal amount with substantially identical terms, except that the new notes were registered under the Securities Act. The Senior Notes due 2027 will mature on March 15, 2027. Interest on the Senior Notes due 2027 is payable semi-annually in arrears on March 15 and September 15. Ranking. The Senior Notes due 2027 are not guaranteed by any of the Company's subsidiaries and are unsecured obligations. Accordingly, they: • rank equal in right of payment with all of the Company's other existing and future unsecured and unsubordinated debt; • rank senior in right of payment to the Company's future debt and other obligations that are, by their terms, expressly subordinated in right of payment to the Senior Notes due 2027; • are effectively subordinated in right of payment to all of the Company's existing and future senior secured debt and other obligations (including the credit facility) to the extent of the value of the collateral securing such debt; and • are structurally subordinated to all obligations of each of the Company's subsidiaries. Optional redemption. The Company may redeem some or all of the Senior Notes due 2027 prior to March 15, 2022, at a price equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, and a "make-whole" premium. On or after March 15, 2022, the Company may redeem some or all of the Senior Notes due 2027, at once or over time, at redemption prices specified in the indenture governing the Senior Notes due 2027, or the 2027 indenture, and together with the 2025 indenture, the indentures, plus accrued and unpaid interest, if any, to the date of redemption. Mandatory redemption, offer to purchase and open market purchases. The Company is not required to make any sinking fund payments with respect to the Senior Notes due 2027. However, under certain circumstances in the event of an asset sale or as described under "Change of Control" below, the Company may be required to offer to purchase the Senior Notes due 2027. The Company may from time to time purchase the Senior Notes due 2027 in the open market or otherwise. Covenants. The 2027 indenture contains covenants that limit, among other things, the Company’s and certain of the Company’s subsidiaries’ ability to incur additional debt, pay dividends or make other restricted payments, consummate specified asset sales, enter into transactions with affiliates and incur liens, and that impose restrictions on the ability of its subsidiaries to pay dividends or make payments to the Company and its restricted subsidiaries, merge or consolidate with another person, and sell, assign, transfer, lease convey or otherwise dispose of all or substantially all of the Company’s assets or the assets of its restricted subsidiaries. The 2027 indenture provides for customary events of default (subject in certain cases to customary grace and cure periods), which include nonpayment of principal, premium or interest, breach of covenants, in the 2027 indenture, payment defaults or acceleration of certain other indebtedness, a failure to pay certain judgments and certain events of bankruptcy and insolvency. Generally, if an event of default occurs, the trustee under the 2027 indenture or the holders of at least 25% in principal amount of the then outstanding Senior Notes due 2027 may declare all the Senior Notes due 2027 to be due and payable immediately. As of November 28, 2021, the Company was in compliance with these covenants. Change of control. Upon the occurrence of a change in control (as defined in the 2027 indenture), each holder of the Senior Notes due 2027 may require the Company to repurchase all or a portion of the Senior Notes due 2027 in cash at a price equal to 101% of the principal amount of the Senior Notes due 2027 to be repurchased, plus accrued and unpaid interest, if any, to the date of purchase. Senior Notes due 2031 Principal, interest, and maturity. In February 2021, the Company issued $500.0 million in aggregate principal amount of 3.50% senior notes due 2031 (the "Senior Notes due 2031") to qualified institutional buyers and to purchasers outside the United States. The Senior Notes due 2031 are unsecured obligations that rank equally with all of the Company’s other existing and future unsecured and unsubordinated debt and will mature on March 1, 2031. Interest on the notes is payable semi-annually in arrears on March 1 and September 1, commencing on September 1, 2021. Costs of associated with the issuance of the notes, representing underwriting fees and other expenses, were capitalized and will be amortized to interest expense over the term of the notes. Ranking. The Senior Notes due 2031 are not guaranteed by any of the Company's subsidiaries and are unsecured obligations. Accordingly, they: • rank equal in right of payment with all of the Company's other existing and future unsecured and unsubordinated debt; • rank senior in right of payment to the Company's future debt and other obligations that are, by their terms, expressly subordinated in right of payment to the Senior Notes due 2031; • are effectively subordinated in right of payment to all of the Company's existing and future senior secured debt and other obligations (including the credit facility) to the extent of the value of the collateral securing such debt; and • are structurally subordinated to all obligations of each of the Company's subsidiaries. Optional redemption. The Company may redeem some up to 40% of the original aggregate principal amount of the Senior Notes due 2031 prior to March 1, 2026, at a price equal to 103.5% of the principal amount, plus accrued and unpaid interest, if any, to the date of redemption, and a "make-whole" premium. On or after March 1, 2026, the Company may redeem some or all of the Senior Notes due 2031, at once or over time, at redemption prices specified in the indenture governing the Senior Notes due 2031, plus accrued and unpaid interest, if any, to the date of redemption. Mandatory redemption, Offer to Purchase and Open Market Purchases. The Company is not required to make any sinking fund payments with respect to the Senior Notes due 2031. However, under certain circumstances in the event of an asset sale or as described under "Change of Control" below, the Company may be required to offer to purchase the Senior Notes due 2031. The Company may from time to time purchase the Senior Notes due 2031 in the open market or otherwise. Covenants. The indenture contains covenants that limit, among other things, the Company’s and certain of the Company’s subsidiaries’ ability to incur liens, other than permitted liens, the Company's subsidiaries ability to incur additional debt, and the Company's ability to merge or consolidate with another person, and sell, assign, transfer, lease convey or otherwise dispose of all or substantially all of the Company’s assets or the assets or its subsidiaries. The indenture provides for customary events of default (subject in certain cases to customary grace and cure periods), which include payment failures, failure to comply with covenants, failure to satisfy other obligations under the agreement or related documents, defaults in respect of other indebtedness, bankruptcy, insolvency and ability to pay debts when due, material judgments, pension plan terminations or specified underfunding, and substantial stock ownership changes. Generally, if an event of default occurs, the trustee under the indenture or holders of the Senior Notes due 2031 may declare all the Senior Notes due 2031 to be due and payable immediately. Upon the occurrence of a change in control (as defined in the indenture), each holder of notes may require the Company to repurchase all or a portion of the notes in cash at a price equal to 101% of the principal amount of notes to be repurchased, plus accrued and unpaid interest, if any, thereon to the date of purchase. As of November 28, 2021, the Company was in compliance with these covenants. Change of control. Upon the occurrence of a change in control triggering event (as defined in the 2031 indenture), unless the Company has exercised its right, if any, to redeem the Notes in full, each holder of the Senior Notes due 2031 may require the Company to repurchase all or a portion of the Senior Notes due 2031 in cash at a price equal to 101% of the principal amount of the Senior Notes due 2031 to be repurchased, plus accrued and unpaid interest, if any, to the date of purchase. Short-term Borrowings Short-term borrowings consist of term loans and revolving credit facilities at various foreign subsidiaries that the Company expects to either pay over the next 12 months or refinance at the end of their applicable terms. Certain of these borrowings are guaranteed by stand-by letters of credit issued under the Company's amended and restated senior secured revolving credit facility. Principal Payments on Debt The table below sets forth, as of November 28, 2021, the Company's required aggregate short-term and long-term debt principal payments (inclusive of premium and discount): (Dollars in thousands) 2022 $ 5,862 2023 — 2024 — 2025 — 2026 Thereafter 1,032,285 Total future debt principal payments $ 1,038,147 Interest Rates on Borrowings The Company’s weighted-average interest rate on average borrowings outstanding during fiscal year 2021, 2020 and 2019 was 4.32%, 4.75% and 5.31%, respectively. The weighted-average interest rate on average borrowings outstanding includes the amortization of capitalized issuance costs, including underwriting fees and other expenses, and excludes interest on obligations to participants under deferred compensation plans. Dividends and Restrictions The terms of the indentures relating to the Company's unsecured notes and its amended and restated senior secured revolving credit facility agreement contain covenants that restrict the Company's ability to pay dividends to its stockholders. For information about the Company's dividend payments, see Note 16. As of November 28, 2021, and at the time dividends were paid, the Company met the requirements of its debt instruments. Subsidiaries of the Company that are not wholly-owned subsidiaries and that are "restricted subsidiaries" under the Company’s indentures are permitted under the indentures to pay dividends to all stockholders either on a pro rata basis or on a basis that results in the receipt by the Company or a restricted subsidiary that is the parent of the restricted subsidiary of dividends or distributions of greater value than it would receive on a pro rata basis.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Nov. 28, 2021
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Pension plans. The Company has several non-contributory defined benefit retirement plans covering eligible employees. Plan assets are invested in a diversified portfolio of securities including stocks, bonds, cash equivalents and other alternative investments including real estate investment trust funds. Benefits payable under the plans are based on years of service, final average compensation, or both. The Company retains the right to amend, curtail or discontinue any aspect of the plans, subject to local regulations. Postretirement plans. The Company maintains plans that provide postretirement benefits to eligible employees, principally health care, to substantially all U.S. retirees and their qualified dependents. These plans were established with the intention that they would continue indefinitely. However, the Company retains the right to amend, curtail or discontinue any aspect of the plans at any time. The plans are contributory and contain certain cost-sharing features, such as deductibles and coinsurance. The Company's policy is to fund postretirement benefits as claims and premiums are paid. The following tables summarize activity of the Company's defined benefit pension plans and postretirement benefit plans: Pension Benefits Postretirement Benefits 2021 2020 2021 2020 (Dollars in thousands) Change in benefit obligation: Benefit obligation at beginning of year $ 1,264,629 $ 1,261,763 $ 67,361 $ 72,135 Service cost 4,398 4,026 21 48 Interest cost 19,349 30,643 829 1,665 Plan participants' contribution 652 689 4,027 4,282 Plan combinations 2,845 — — — Actuarial (gain) loss (1) (26,982) 87,443 (3,059) 1,531 Net curtailment loss (gain) 37 (1,009) — — Impact of foreign currency changes (5,958) 10,899 — — Plan settlements (2) — (64,525) — — Net benefits paid (66,907) (65,300) (11,342) (12,300) Benefit obligation at end of year $ 1,192,063 $ 1,264,629 $ 57,837 $ 67,361 Change in plan assets: Fair value of plan assets at beginning of year 1,153,291 1,091,162 — — Actual return on plan assets 33,478 161,856 — — Employer contribution 11,943 20,865 7,315 8,018 Plan participants' contributions 652 689 4,027 4,282 Plan settlements (2) — (64,525) — — Impact of foreign currency changes (3,284) 8,544 — — Net benefits paid (66,907) (65,300) (11,342) (12,300) Fair value of plan assets at end of year 1,129,173 1,153,291 — — Unfunded status at end of year $ (62,890) $ (111,338) $ (57,837) $ (67,361) _____________ (1) Fiscal year 2021 actuarial gains compared to 2020 actuarial losses in the Company's pension benefit plans resulted from changes in discount rate assumptions. (2) There were no settlement events in fiscal 2021. The increase in pension plan settlements in fiscal year 2020 was primarily due to a voluntary lump-sum, cash-out program offered to vested, terminated U.S. pension plan participants in the last half of the fiscal year 2020. The extent of the funding from the cash-out program exceeded the settlement accounting threshold, and as such in fiscal year 2020, these activities have been categorized as settlements. Pension plan assets were utilized to settle pension obligations for deferred participants that elected to participate in the program. Amounts recognized in the Company's consolidated balance sheets as of November 28, 2021 and November 29, 2020, consist of the following: Pension Benefits Postretirement Benefits 2021 2020 2021 2020 (Dollars in thousands) Unfunded status recognized on the balance sheet: Prepaid benefit cost (1) $ 98,278 $ 62,161 $ — $ — Accrued benefit liability – current portion (2) (9,770) (9,663) (6,398) (7,112) Accrued benefit liability – long-term portion (2) (151,398) (163,836) (51,439) (60,249) $ (62,890) $ (111,338) $ (57,837) $ (67,361) Accumulated other comprehensive loss: Net actuarial loss $ (264,729) $ (296,330) $ (8,956) $ (12,491) Net prior service benefit 182 259 — — $ (264,547) $ (296,071) $ (8,956) $ (12,491) _____________ (1) Included in "Other non-current assets" on the Company’s consolidated balance sheets. (2) Included in "Accrued salaries, wages and employee benefits" or "Other long-term liabilities" on the Company’s consolidated balance sheets. The accumulated benefit obligation for all defined benefit plans was $1.2 billion and $1.3 billion at November 28, 2021 and November 29, 2020, respectively. Information for the Company's defined benefit plans with an accumulated or projected benefit obligation in excess of plan assets is as follows: Pension Benefits 2021 2020 (Dollars in thousands) Accumulated benefit obligations in excess of plan assets: Aggregate accumulated benefit obligation $ 158,815 $ 168,390 Projected benefit obligations in excess of plan assets: Aggregate projected benefit obligation $ 162,243 $ 222,055 Aggregate fair value of plan assets 1,102 48,578 The components of the Company's net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits 2021 2020 2019 2021 2020 2019 (Dollars in thousands) Net periodic benefit (income) cost: Service cost $ 4,398 $ 4,026 $ 3,377 $ 21 $ 48 $ 65 Interest cost 19,349 30,643 41,341 829 1,665 3,042 Expected return on plan assets (36,635) (41,189) (42,098) — — — Amortization of prior service benefit (65) (62) (61) — — — Amortization of actuarial loss 10,428 13,407 13,306 476 324 465 Curtailment loss (gain) 37 (650) 13 — — — Net settlement loss (gain) 29 14,699 (56) — — — Net periodic benefit (income) cost (2,459) 20,874 15,822 1,326 2,037 3,572 Changes in accumulated other comprehensive loss: Actuarial (gain) loss (21,132) (34,821) 6,309 (3,059) 1,531 (2,903) Amortization of prior service benefit 65 62 61 — — — Amortization of actuarial loss (10,428) (13,407) (13,306) (476) (324) (465) Curtailment gain — 742 — — — — Net settlement (loss) gain (29) (14,699) 56 — — — Total recognized in accumulated other comprehensive loss (31,524) (62,123) (6,880) (3,535) 1,207 (3,368) Total recognized in net periodic benefit cost and accumulated other comprehensive loss $ (33,983) $ (41,249) $ 8,942 $ (2,209) $ 3,244 $ 204 Assumptions used in accounting for the Company's benefit plans were as follows: Pension Benefits Postretirement Benefits 2021 2020 2019 2021 2020 2019 Weighted-average assumptions used to determine net periodic benefit cost: Discount rate 2.1% 2.8% 4.1% 2.0% 2.8% 4.2% Expected long-term rate of return on plan assets 3.3% 3.8% 4.6% Rate of compensation increase 3.3% 3.3% 3.4% Weighted-average assumptions used to determine benefit obligations: Discount rate 2.4% 2.1% 2.8% 2.4% 2.0% 2.8% Rate of compensation increase 3.5% 3.3% 3.3% Assumed health care cost trend rates were as follows: Health care trend rate assumed for next year 5.9% 5.4% 5.7% Rate trend to which the cost trend is assumed to decline 3.9% 4.4% 4.4% Year that rate reaches the ultimate trend rate 2044 2037 2037 For the Company's benefit plans, the discount rate used to determine the present value of the future pension and postretirement plan obligations was based on a yield curve constructed from a portfolio of high quality corporate bonds with various maturities. Each year's expected future benefit payments are discounted to their present value at the appropriate yield curve rate, thereby generating the overall discount rate. The Company utilized a variety of country-specific third-party bond indices to determine the appropriate discount rates to use for the benefit plans of its foreign subsidiaries. The Company bases the overall expected long-term rate of return on assets on anticipated long-term returns of individual asset classes and each pension plans' target asset allocation strategy based on current economic conditions. For the U.S. pension plan, the expected long-term returns for each asset class are determined through a mean-variance model to estimate 20-year returns for the plan. Health care cost trend rate assumptions are not a significant input in the calculation of the amounts reported for the Company's postretirement benefits plans. A one percentage-point change in assumed health care cost trend rates would have no significant effect on the total service and interest cost components or on the postretirement benefit obligation. Consolidated pension plan assets relate primarily to the U.S. pension plan. The Company utilizes the services of independent third-party investment managers to oversee the management of U.S. pension plan assets. The Company's investment strategy is to invest plan assets in a diversified portfolio of domestic and international equity securities, fixed income securities and real estate and other alternative investments with the objective to provide a regular and reliable source of assets to meet the benefit obligation of the pension plans. Prohibited investments for the U.S. pension plan include certain privately placed or other non-marketable debt instruments, letter stock, commodities or commodity contracts and derivatives of mortgage-backed securities, such as interest-only, principal-only or inverse floaters. The current target allocation percentages for the Company's U.S. pension plan assets are 15% for equity securities and real estate with an allowable deviation of plus or minus 4% and 85% for fixed income securities with an allowable deviation of plus or minus 4%. The fair value of the Company's pension plan assets by asset class are as follows: Year Ended November 28, 2021 Asset Class Total Quoted Prices in Significant Significant (Dollars in thousands) Cash and cash equivalents $ 2,383 $ 2,383 $ — $ — Equity securities (1) U.S. large cap 54,109 — 54,109 — U.S. small cap 7,710 — 7,710 — International 87,830 — 87,830 — Fixed income securities (2) 939,932 — 939,932 — Other alternative investments Real estate (3) 20,704 — 20,704 — Private equity (4) 182 — — 182 Hedge fund (5) 12,473 — 12,473 — Other (6) 3,850 — 3,850 — Total investments at fair value $ 1,129,173 $ 2,383 $ 1,126,608 $ 182 Year Ended November 29, 2020 Asset Class Total Quoted Prices in Significant Significant (Dollars in thousands) Cash and cash equivalents $ 2,337 $ 2,337 $ — $ — Equity securities (1) U.S. large cap 74,850 — 74,850 — U.S. small cap 14,343 — 14,343 — International 143,408 — 143,408 — Fixed income securities (2) 859,323 — 859,323 — Other alternative investments Real estate (3) 41,699 — 41,699 — Private equity (4) 228 — — 228 Hedge fund (5) 11,692 — 11,692 — Other (6) 5,411 — 5,411 — Total investments at fair value $ 1,153,291 $ 2,337 $ 1,150,726 $ 228 _____________ (1) Primarily comprised of equity index funds that track various market indices. (2) Predominantly includes bond index funds that invest in long-term U.S. government and investment grade corporate bonds. (3) Primarily comprised of investments in U.S. Real Estate Investment Trusts. (4) Represents holdings in a diversified portfolio of private equity funds and direct investments in companies located primarily in North America. Fair values are determined by investment fund managers using primarily unobservable market data. (5) Primarily invested in a diversified portfolio of equities, bonds, alternatives and cash with a low tolerance for capital loss. (6) Primarily relates to accounts held and managed by a third-party insurance company for employee-participants in Belgium. Fair values are based on accumulated plan contributions plus a contractually-guaranteed return plus a share of any incremental investment fund profits. The fair value of plan assets are composed of U.S. plan assets of $909.4 million and non-U.S. plan assets of $219.7 million. The fair values of the substantial majority of the equity, fixed income and real estate investments are based on the net asset value of commingled trust funds that passively track various market indices. The Company's estimated future benefit payments to participants, which reflect expected future service, as appropriate are anticipated to be paid as follows: Pension Postretirement Total (Dollars in thousands) 2022 $ 71,382 $ 7,183 $ 78,565 2023 70,829 6,655 77,484 2024 71,281 6,230 77,511 2025 69,352 5,803 75,155 2026 68,757 5,296 74,053 2027-2031 328,897 19,773 348,670 At November 28, 2021, the Company's contributions to its pension plans for fiscal year 2022 are estimated to be $12.2 million.

Employee Investment Plans

Employee Investment Plans	12 Months Ended
	Nov. 28, 2021
Disclosure of Employee Investment Plans [Abstract]
EMPLOYEE INVESTMENT PLANS	EMPLOYEE COMPENSATION AND LONG-TERM BENEFIT PLANS Employee Savings and Investment Plan The Company's Employee Savings and Investment Plan ("ESIP") is a qualified plan that covers eligible U.S. payroll employees. The Company matches 125% of ESIP participant's contributions to all funds maintained under the qualified plan up to the first 6.0% of eligible compensation. Total amounts charged to expense for the Company's employee investment plans for the years ended November 28, 2021, November 29, 2020 and November 24, 2019, were $16.9 million, $17.3 million and $16.3 million, respectively. Annual Incentive Plan The Annual Incentive Plan ("AIP") provides a cash bonus that is earned based upon the Company's business unit and consolidated financial results as measured against pre-established internal targets and upon the performance and job level of the individual. Total amounts charged to expense for this plan for the years ended November 28, 2021, November 29, 2020, and November 24, 2019 were $140.9 million, $51.8 million and $86.6 million, respectively. Total amounts accrued for this plan as of November 28, 2021, and November 29, 2020 were $134.4 million and $49.0 million, respectively. Long-term Employee Related Benefits Long-term employee-related benefit liabilities primarily consist of the Company's liabilities for its deferred compensation plans. Deferred compensation plan for executives and outside directors, established January 1, 2003. The Company has a non-qualified deferred compensation plan for executives and outside directors that was established on January 1, 2003 and amended thereafter. The deferred compensation plan obligations are payable in cash upon retirement, termination of employment and/or certain other times in a lump-sum distribution or in installments, as elected by the participant in accordance with the plan. As of November 28, 2021 and November 29, 2020, these plan liabilities totaled $73.6 million and $67.9 million. The Company held funds of $80.2 million and $71.2 million in an irrevocable grantor's rabbi trust as of November 28, 2021 and November 29, 2020, respectively, related to this plan. Rabbi trust assets are classified as available-for-sale marketable securities and are included in "Other current assets" or "Other non-current assets" on the Company's consolidated balance sheets. Unrealized gains and losses on these marketable securities are reported as a separate component of stockholders' equity and included in AOCI on the Company's consolidated balance sheets. Deferred compensation plan for executives, prior to January 1, 2003. The Company also maintains a non-qualified deferred compensation plan for certain management employees relating to compensation deferrals for the period prior to January 1, 2003. The rabbi trust is not a feature of this plan. As of November 28, 2021 and November 29, 2020, liabilities for this plan totaled $33.1 million and $30.8 million, respectively. Interest earned by the participants in deferred compensation plans was $15.5 million, $13.8 million and $9.4 million for the years ended November 28, 2021, November 29, 2020 and November 24, 2019, respectively. The charges were included in "Interest expense" in the Company's consolidated statements of operations.

Stock-Based Incentive Compensat

Stock-Based Incentive Compensation Plans	12 Months Ended
	Nov. 28, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]
STOCK-BASED INCENTIVE COMPENSATION PLANS	STOCK-BASED INCENTIVE COMPENSATION PLANS The Company recognized stock-based compensation expense of $64.9 million, $51.3 million and $79.0 million, and related income tax benefits of $15.4 million, $12.6 million and $19.5 million, respectively, for the years ended November 28, 2021, November 29, 2020 and November 24, 2019, respectively. As of November 28, 2021, there was $68.5 million of total unrecognized compensation cost related to unvested equity and liability awards, which cost is expected to be recognized over a weighted-average period of 2.18 years. No stock-based compensation cost has been capitalized in the accompanying consolidated financial statements. 2016 Equity Incentive Plan Prior to the IPO, the Company granted awards under the 2016 Equity Incentive Plan (the "2016 Plan"), which provided for the granting of a variety of stock awards, including stock options, restricted stock, restricted stock units ("RSUs"), stock appreciation rights ("SARs") and cash or equity settled awards to certain employees and non-employee directors. The maximum number of shares of common stock authorized for issuance under the 2016 Plan was 80.0 million shares. Upon completion of the IPO, shares that remained available for future grants under the 2016 Plan ceased to be available and the 2019 Equity Incentive Plan became effective. Awards granted before the IPO remain outstanding according to the plan’s terms. Outstanding awards under the 2016 Plan are issuable as Class B common stock and can be voluntarily converted to Class A common stock and sold to the public. 2019 Equity Incentive Plan In March 2019, in connection with the IPO, the Company’s stockholders adopted the Company’s 2019 Equity Incentive Plan (the “2019 Plan”) which provides for the grant of a variety of stock awards, including stock options, restricted stock, restricted stock units, stock appreciation rights, and cash or equity settled awards to certain employees and non-employee directors. The maximum number of shares of Class A common stock authorized for issuance under the 2019 Plan is 40.0 million shares. At November 28, 2021, there were 31.6 million shares of Class A common stock available for future grants under the 2019 Plan. 2019 Employee Stock Purchase Plan In March 2019, in connection with the IPO, the Company’s stockholders adopted the Company’s 2019 Employee Stock Purchase Plan (the “2019 ESPP”), which permits participants to purchase a total of 12.0 million shares of the Company’s Class A common stock through payroll deductions up to 10% of their earnings, subject to automatic annual increases. Unless otherwise determined by the administrator, the purchase price of the shares will be 85% of the fair market value of the Class A common stock on the date of purchase. At November 28, 2021, there were 11.0 million shares of Class A common stock available for issuance under the 2019 ESPP. The ESPP did not have a material impact on the consolidated financial statements in fiscal year 2021. Shares of common stock associated with the above plans will be issued from the Company's authorized but unissued shares and are subject to the Stockholders' Agreement that governs all shares. Under the 2016 Plan and 2019 Plan, stock awards have a maximum contractual term of ten years, and if applicable, must have an exercise price at least equal to the fair market value of the Company's common stock on the grant date. Awards generally vest according to terms determined at the time of grant, or as otherwise determined by the Board in its discretion. Upon the exercise of a stock-settled SAR, the participant will receive shares of common stock. The number of shares of common stock issued per SAR unit exercised is equal to (i) the excess of the per-share fair market value of the Company's common stock on the date of exercise over the exercise price of the SAR, divided by (ii) the per-share fair market value of the Company's common stock on the date of exercise. Stock-settled RSUs which include service or performance conditions are issued to certain employees. Each stock-settled RSU is converted to a share of common stock upon vesting and do not have pre-vesting "dividend equivalent rights". Non-employee members of the Board receive RSUs annually. The RSUs additionally have "dividend equivalent rights" of which dividends paid by the Company on its common stock are credited by the equivalent addition of RSUs. Equity Awards SARs. The Company grants SARs, which include service or performance conditions, to a small group of the Company's senior executives and to select levels of the Company's management. SARs with service conditions ("Service SARs") vest from three-and-a-half to four years, and have maximum contractual lives of ten years. SARs with performance conditions ("Performance SARs") were granted prior to fiscal 2017 and were fully vested prior to fiscal year 2020. SARs activity during the year ended November 28, 2021 was as follows: Service SARs Performance SARs Units Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Units Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (Units and dollars in thousands, except weighted-average exercise price) Outstanding at November 29, 2020 11,252 $ 8.72 3.3 5,120 $ 6.62 1.8 Granted 565 21.35 — — Exercised (5,932) 7.07 (2,333) 7.25 Forfeited (94) 17.81 — — Outstanding at November 28, 2021 5,791 $ 11.50 4.4 2,787 $ 6.10 1.2 Vested and expected to vest at November 24, 2020 5,780 $ 11.50 4.4 $ 90,820 2,787 $ 6.10 1.2 $ 58,810 Exercisable at November 28, 2021 3,894 $ 8.62 2.9 $ 72,341 2,787 $ 6.10 1.2 $ 58,810 The aggregate intrinsic values are calculated as the difference between the exercise price of the underlying SARs and the fair value of the Company's common stock that were in-the-money at that date. November 28, 2021 November 29, 2020 November 24, 2019 (Dollars in thousands) Aggregate intrinsic value of Service SARs exercised during the year $ 119,509 $ 44,119 $ 54,045 Aggregate intrinsic value of Performance SARs exercised during the year $ 45,364 $ 30,953 $ 27,776 Unrecognized future compensation costs as of November 28, 2021 of $3.9 million for Service SARs are expected to be recognized over weighted-average periods of 1.9 years. The weighted-average grant date fair value of SARs was estimated using the Black-Scholes option valuation model. The weighted-average grant date fair values and corresponding weighted-average assumptions used in the Black-Scholes option valuation model were as follows: Service SARs Granted 2021 2020 2019 Weighted-average grant date fair value $ 9.88 $ 6.44 $ 4.49 Weighted-average assumptions: Expected life (in years) 7.1 7.0 5.0 Expected volatility 49.3 % 36.6 % 37.5 % Risk-free interest rate 0.8 % 1.4 % 2.5 % Expected dividend 0.8 % 1.6 % 2.0 % RSUs . The Company grants RSUs, which include service or performance conditions, to a small group of the Company's senior executives and to select levels of the Company's management. RSUs with service conditions ("Service RSUs") granted vest in four annual equal installments of 25% beginning on the first anniversary of the date granted subject to continued employment. RSUs with performance conditions ("Performance RSUs") vest at varying unit amounts, up to 200% of those awarded, based on the attainment of certain three-year cumulative performance goals over a three-year performance period subject to continued employment. Service and Performance RSU activity during the year ended November 28, 2021 was as follows: Service RSUs Performance RSUs Units Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Life (Years) Units Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Life (Years) (Units in thousands) Outstanding at November 29, 2020 4,346 $ 16.71 2.2 3,163 $ 18.11 1.0 Granted 1,790 21.78 840 27.33 Vested (1,689) 16.03 (1,336) 15.98 Performance adjustment — — (43) 16.03 Forfeited (352) 18.74 (189) 25.11 Outstanding at November 28, 2021 4,095 $ 19.02 2.4 2,435 $ 24.81 1.5 The total fair value of Service RSU awards vested during 2021, 2020 and 2019 was $35.5 million, $88.6 million and $1.6 million, respectively. The total fair value of Performance RSU awards vested during 2021 and 2020 was $28.4 million and $49.0 million, respectively. Unrecognized future compensation cost as of November 28, 2021 of $42.1 million for Service RSUs and $16.2 million for Performance RSUs is expected to be recognized over a weighted-average period of 2.4 and 1.5, respectively. The grant date fair value of Service and Performance RSUs was based on the fair value of the Company’s common stock at the time of grant, unless the awards were subject to market conditions, in which case the Monte Carlo simulation model was utilized. During 2021, 2020 and 2019, the weighted-average grant date fair value for Service and Performance RSUs granted without a market condition were $21.78, $18.80 and $15.56, respectively. The weighted-average grant date fair value and corresponding weighted-average assumptions used in the Monte Carlo valuation models were as follows: Performance RSUs Granted 2021 2020 2019 (1) Weighted-average grant date fair value $ 27.33 $ 25.87 $ 17.95 Weighted-average assumptions: Expected life (in years) 2.8 2.8 2.8 Expected volatility 54.3 % 37.6 % 37.5 % Risk-free interest rate 0.2 % 1.4 % 2.3 % Expected dividend 0.8 % 1.5 % 1.9 % ____________ (1) The weighted-average information is presented for awards granted during 2019 without including replacement awards granted in connection with the IPO in March 2019, where the Company’s Board of Directors approved the cancellation of the majority of the outstanding unvested cash-settled RSUs and their concurrent replacement with similar stock-settled RSUs. Refer to Note 1 for more information. The weighted-average grant date fair value for the Performance RSUs granted as replacement awards is $28.78 and the weighted-average assumptions include an expected life of 1.5 years, an expected volatility of 36.3%, a risk-free interest rate of 2.5% and an expected dividend of 1.7%. RSUs to the Board of Directors . The Company grants RSUs to certain members of its Board ("Board RSUs"). The total fair value of Board RSUs granted during the year ended November 28, 2021 of $2.0 million was estimated using the fair value of the Company's common stock. The total fair value of RSUs outstanding, vested and expected to vest was $12.7 million and $9.9 million as of November 28, 2021 and November 29, 2020, respectively. Board RSUs vest in a series of three equal installments at 13 months, 24 months and 36 months following the date of grant subject to continued service. However, if the recipient's continuous service terminates for a reason other than cause after the first vesting installment, but prior to full vesting, then the remaining unvested portion of the award becomes fully vested as of the date of such termination. Liability Awards In connection with the IPO, on March 19, 2019 the Company's Board of Directors approved the cancellation of the majority of the outstanding unvested cash-settled restricted stock units ("RSU's") and their concurrent replacement with similar stock-settled RSUs ("Replacement Awards"), pursuant to the Company's 2016 Equity Incentive Plan (the "2016 Plan"). RSUs for certain foreign affiliates will continue to be cash-settled. Upon vesting of a phantom restricted stock unit, the participant will receive a cash payout in an amount equal to the vested units multiplied by the fair value of the Company’s common stock at the end of the service or performance period. Phantom restricted stock units with service conditions ("Phantom Service RSUs") granted vest in four annual equal installments of 25% beginning on the first anniversary of the date granted subject to continued employment. Phantom restricted stock units with performance conditions ("Phantom Performance RSUs") vest at varying unit amounts, up to 200% of those awarded, based on attainment of certain three-year cumulative performance goals and subject to continued employment. The total fair value of Phantom Service RSUs and Phantom Performance RSUs granted during the year ended November 28, 2021 was $4.8 million and $0.5 million, respectively, at the grant date. The total fair value of Phantom Service RSUs vested during 2021, 2020 and 2019 was $2.2 million, $6.3 million and $52.9 million, respectively. The total fair value of Phantom Performance RSUs vested during 2021 and 2020 was $0.6 million and $0.3 million, respectively. The weighted-average fair value of Phantom Service RSUs at the grant date was estimated based on the fair value of the Company's common stock. The Company accrued $5.4 million for Phantom Service RSUs and Phantom Performance RSUs as of November 28, 2021. Unrecognized future compensation cost as of November 28, 2021 of $5.8 million for Phantom Service RSUs and $0.5 million for Phantom Performance RSUs are expected to be recognized over a weighted-average period of 2.5 and 1.3, respectively.

Restructuring

Restructuring	12 Months Ended
	Nov. 28, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	RESTRUCTURING In April 2020, the Company began to implement a restructuring initiative designed to reduce costs, streamline operations and support agility. In October 2020, the Company realigned its top level organization to support its new strategies, which became effective in fiscal year 2021. The final phase of the reorganization, which supported the ongoing efforts to create an integrated global commercial organization and the separation of the Dockers ® business, was completed in fiscal year 2021. The initiative included the elimination of approximately 15% of the Company's global non-retail and non-manufacturing positions and is expected to result in approximately $100 million in annual cost savings. For the years ended November 28, 2021 and November 29, 2020, the Company recognized restructuring charges of $8.3 million and $90.4 million, respectively, which were recorded on a separate line item in the Company's consolidated statements of operations. The charges primarily relate to severance benefits, based on separation benefits provided by Company policy or statutory benefit plans. As of November 28, 2021, $98.7 million of restructuring charges related to this initiative have been recorded to date. The Company does not anticipate any significant additional costs associated with the restructuring initiative. The following tables summarize the activities associated with restructuring liabilities for the years ended November 28, 2021 and November 29, 2020. In the table below, "Charges" represents the initial charge related to the restructuring activity, "Payments" consists of cash payments for severance and employee-related benefits and other, and "Foreign Currency Fluctuations and Other Adjustments" includes foreign currency fluctuations as well as revisions of estimates related to severance and employee-related benefits and other. As of November 28, 2021, $19.1 million and $2.7 million were classified as restructuring liabilities and other long-term liabilities, respectively, within the Company's consolidated balance sheets. Year Ended November 28, 2021 Liabilities Charges (1) Payments Foreign Currency Fluctuations Liabilities November 29, November 28, (Dollars in thousands) Severance and employee-related benefits $ 60,604 $ 5,383 $ (44,032) $ (542) $ 21,413 Other 417 302 (353) (9) 357 Total $ 61,021 $ 5,685 $ (44,385) $ (551) $ 21,770 _____________ (1) Excludes $2.6 million of pension and postretirement curtailment losses recorded in AOCI during the year ended November 28, 2021.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Nov. 28, 2021
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. See Note 7 for additional information. Guarantees Indemnification agreements. In the ordinary course of business, the Company enters into agreements containing indemnification provisions under which the Company agrees to indemnify the other party for specified claims and losses. For example, the Company's trademark license agreements, real estate leases, consulting agreements, logistics outsourcing agreements, securities purchase agreements and credit agreements typically contain such provisions. This type of indemnification provision obligates the Company to pay certain amounts associated with claims brought against the other party as the result of trademark infringement, negligence or willful misconduct of Company employees, breach of contract by the Company including inaccuracy of representations and warranties, specified lawsuits in which the Company and the other party are co-defendants, product claims and other matters. These amounts generally are not readily quantifiable; the maximum possible liability or amount of potential payments that could arise out of an indemnification claim depends entirely on the specific facts and circumstances associated with the claim. The Company has insurance coverage that minimizes the potential exposure to certain of such claims. The Company also believes that the likelihood of material payment obligations under these agreements to third parties is low. Other Contingencies Litigation. In the ordinary course of business, the Company has various claims, complaints and pending cases, including contractual matters, facility and employee-related matters, distribution matters, product liability matters, intellectual property matters, bankruptcy preference matters, and tax and administrative matters. The Company establishes loss provisions for these ordinary course claims as well as other matters in which losses are probable and can be reasonably estimated. 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. Customs Duty Audits . The Company imports both raw materials and finished garments into all of its geographic regions and as such, is subject to numerous countries' complex customs laws and regulations with respect to its import and export activity. The Company has various pending audit assessments in connection with these activities. As November 28, 2021, the Company has recorded certain reserves for these matters which are not material. The Company does not believe any of the claims for customs duty and related charges have merit, the ultimate resolution of these assessments and legal proceedings are subject to risk and uncertainty. Inventory Purchase Commitments. The Company also has minimum inventory purchase commitments, including fabric commitments, with suppliers that secure a portion of material needs for future seasons. In light of the COVID-19 pandemic and in response to decreased demand, some of the Company's orders were canceled and incremental liabilities for the estimated adverse purchase commitments were recorded beginning in the second quarter of fiscal 2020. As of November 28, 2021, an immaterial amount of adverse purchase commitments, which primarily relate to fabric liabilities as a result of the COVID-19 pandemic, were included in "Other accrued liabilities" in the Company's accompanying consolidated balance sheets.

Leases

Leases	12 Months Ended
	Nov. 28, 2021
Leases [Abstract]
LEASES	LEASES The Company primarily leases retail store space, certain distribution and warehouse facilities, office space, equipment and other non-real estate assets. The Company determines if an arrangement is a lease at inception and begins recording lease activity at the commencement date, which is generally the date on which the Company takes possession of or controls the physical use of the asset. Right-of-use ("ROU") assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. The Company's incremental borrowing rates, which are based on the information available at commencement date, are used to determine the present value of future lease payments unless the implicit rate is readily determinable. Lease agreements may contain rent escalation clauses, renewal or termination options, rent holidays or certain landlord incentives, including tenant improvement allowances. ROU assets are reduced by the amount of any lease incentives. The lease term includes the non-cancelable period of the lease and may include options to extend or terminate the lease when it is reasonably certain the Company will exercise the option. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation. Lease expense is recognized in SG&A within the Company's consolidated statements of operations, based on the underlying nature of the leased asset. For the years ended November 28, 2021 and November 29, 2020, lease expense primarily consisted of operating lease costs of $345.4 million and $317.4 million, respectively, including $65.3 million and $47.3 million primarily related to variable lease costs and $9.6 million and $4.2 million of short-term lease costs. As of and for the year ended November 28, 2021, finance leases were not a material component of the Company's lease portfolio. The Company reviews its ROU assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may be impaired. Impairment losses are measured and recorded for the excess of carrying value over its fair value, estimated based on expected future cash flows and other quantitative and qualitative factors. Due to the anticipated COVID-19 related impact on foot traffic and consumer spending trends, expected future cash flows decreased. As a result, the Company recorded $11.3 million and $44.3 million, respectively, related to the impairment of certain store ROU assets during the years ended November 28, 2021 and November 29, 2020. The impairment charges are included in SG&A in the Company's accompanying consolidated statements of operations. Amounts of future undiscounted cash flows related to operating lease payments over the lease term are as follows and are reconciled to the present value of the operating lease liabilities as recorded in the Company's consolidated balance sheets. November 28, (Dollars in thousands) 2022 $ 262,688 2023 233,169 2024 194,119 2025 154,999 2026 120,861 Thereafter 326,225 Total undiscounted future cash flows related to lease payments 1,292,061 Less: Interest 77,210 Present value of lease liabilities $ 1,214,851 The following table includes the weighted average remaining lease terms, in years, and the weighted average discount rate used to calculate the present value of operating lease liabilities: November 28, November 29, Weighted-average remaining lease term (years) 6.5 5.8 Weighted-average discount rate 2.00 % 2.16 % The table below includes supplemental cash and non-cash information related to operating leases: November 28, November 29, (Dollars in thousands) (Dollars in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 262,908 $ 237,265 Operating lease right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 415,832 $ 151,345 _____________ (1) November 29, 2020 amount excludes the amount initially capitalized in conjunction with the adoption of Topic 842.

Dividend

Dividend	12 Months Ended
	Nov. 28, 2021
Dividends [Abstract]
DIVIDEND	DIVIDEND Dividends are declared at the discretion of the Board. In January, April, July and October 2021, the Company declared cash dividends of $0.04, $0.06, $0.08 and $0.08 per share, respectively, to holders of record of its Class A and Class B common stock. A total of $104.4 million in dividends were paid during the year. In 2020, the Company paid two cash dividends of $0.08 per share totaling $63.6 million, the first dividend paid in the first quarter and the second dividend paid in the second quarter. In 2019, the Company paid two cash dividends totaling $113.9 million, the first dividend was $55.0 million paid in the first quarter and the second dividend was $58.9 million paid in the fourth quarter. The Company does not have an established dividend policy. The Board reviews the Company's ability to pay dividends on an ongoing basis and establishes the dividend amount based on the Company's financial condition, results of operations, capital requirements, current and projected cash flows and other factors, and any restrictions related to the terms of the Company’s debt agreements. Subsequent to the Company's fiscal 2021 year end, the Board declared a cash dividend of $0.10 per share to holders of record of its Class A and Class B common stock at the close of business on February 9, 2022, for a total quarterly dividend of approximately $40 million.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Nov. 28, 2021
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive (loss) income is summarized below: Levi Strauss & Co. Noncontrolling Interest (1) Pension and Translation Adjustments Unrealized Derivative Instruments Foreign Total Foreign Totals (Dollars in thousands) Accumulated other comprehensive (loss) income at November 25, 2018 $ (229,023) $ (39,887) $ (158,622) $ 2,948 $ (424,584) $ 9,304 $ (415,280) Gross changes 10,248 19,026 (7,562) 4,362 26,074 312 26,386 Tax (2,084) (4,097) 727 (1,022) (6,476) — (6,476) Other comprehensive income (loss), net of tax 8,164 14,929 (6,835) 3,340 19,598 312 19,910 Accumulated other comprehensive (loss) income at November 24, 2019 (220,859) (24,958) (165,457) 6,288 (404,986) 9,616 (395,370) Gross changes 60,915 (55,242) 10,493 9,758 25,924 (9,616) 16,308 Tax (15,088) 13,747 (3,677) (2,922) (7,940) — (7,940) Cumulative effect of adoption of new accounting standards (2) (47,313) (8,003) — 872 (54,444) — (54,444) Other comprehensive income (loss), net of tax (1,486) (49,498) 6,816 7,708 (36,460) (9,616) (46,076) Accumulated other comprehensive (loss) income at November 29, 2020 (222,345) (74,456) (158,641) 13,996 (441,446) — (441,446) Gross changes 35,059 69,735 (51,016) 5,662 59,440 — 59,440 Tax (8,195) (16,193) 12,894 (887) (12,381) — (12,381) Other comprehensive (loss) income, net of tax 26,864 53,542 (38,122) 4,775 47,059 — 47,059 Accumulated other comprehensive (loss) income at November 28, 2021 $ (195,481) $ (20,914) $ (196,763) $ 18,771 $ (394,387) $ — $ (394,387) _____________ (1) On January 9, 2020, Company completed an all cash tender offer for the acquisition of the remaining minority interest shares of Levi Strauss Japan K.K. Refer to Note 1 for additional information. (2) Impact relates to the adoption of ASU 2018-02 Income Statement - Reporting Comprehensive Income (Topic 220). No material amounts were reclassified out of "Accumulated other comprehensive loss" into net income (loss) other than those that pertain to the Company's derivative instruments and pension and post retirement benefit plans. For additional information, see Note 7 and Note 10, respectively.

Net Revenues

Net Revenues	12 Months Ended
	Nov. 28, 2021
Revenue from Contract with Customer [Abstract]
Net Revenues	NET REVENUES Disaggregated Revenue The table below provides the Company's revenues disaggregated by segment and channel. Year Ended November 28, 2021 Levi's Brands Americas Europe Asia Other Brands Total (Dollars in thousands) Net revenues by channel: Wholesale $ 2,061,330 $ 1,003,844 $ 389,327 $ 206,901 $ 3,661,402 Direct-to-consumer 873,496 700,174 445,322 83,542 2,102,534 Total net revenues $ 2,934,826 $ 1,704,018 $ 834,649 $ 290,443 $ 5,763,936 Year Ended November 29, 2020 (1) Levi's Brands Americas Europe Asia Other Brands Total (Dollars in thousands) Net revenues by channel: Wholesale $ 1,500,043 $ 776,947 $ 291,880 $ 154,435 $ 2,723,305 Direct-to-consumer 687,856 614,817 371,511 55,120 1,729,304 Total net revenues $ 2,187,899 $ 1,391,764 $ 663,391 $ 209,555 $ 4,452,609 _____________ (1) For the year ended November 29, 2020, net revenues from both channels were adversely impacted by temporary store closures and reduced traffic and consumer demand as a result of the COVID-19 pandemic, with the majority of the impact occurring in the second quarter when most company-operated and wholesale customer doors were temporarily closed. See Note 1 for more information. Year Ended November 24, 2019 Levi's Brands Americas Europe Asia Other Brands Total (Dollars in thousands) Net revenues by channel: Wholesale $ 1,917,249 $ 958,633 $ 492,334 $ 292,303 $ 3,660,519 Direct-to-consumer 853,834 748,836 433,786 66,112 2,102,568 Total net revenues $ 2,771,083 $ 1,707,469 $ 926,120 $ 358,415 $ 5,763,087 At November 28, 2021, the Company did not have any material contract assets and or contract liabilities recorded in the consolidated balance sheets.

Other Income, Net

Other Income, Net	12 Months Ended
	Nov. 28, 2021
Other Income and Expenses [Abstract]
OTHER INCOME (EXPENSE), NET	OTHER INCOME (EXPENSE), NET The following table summarizes significant components of "Other income (expense), net": Year Ended November 28, November 29, November 24, (Dollars in thousands) Foreign exchange management (losses) gains (1) $ (14,801) $ 2,299 $ 126 Foreign currency transaction gains (losses) (2) 5,859 (18,057) (6,231) Interest income 2,542 8,390 17,190 Investment income 2,499 1,243 1,509 Pension settlement losses (3) — (14,737) — Other 7,353 (1,612) (10,577) Total other income (expense), net $ 3,452 $ (22,474) $ 2,017 _____________ (1) Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in fiscal year 2021 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro and the Canadian Dollar. (2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in fiscal year 2020 were primarily due to the U.S. dollar weakening against most currencies during the year.

Earnings Per Share Attributable

Earnings Per Share Attributable to Common Stockholders	12 Months Ended
	Nov. 28, 2021
Earnings Per Share [Abstract]
Earnings Per Share Attributable to Common Stockholders	EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS Basic earnings (loss) per share attributable to common stockholders is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share attributable to common stockholders adjusts the basic earnings (loss) per share attributable to common stockholders and the weighted-average number of common shares outstanding for the potentially dilutive impact of RSUs and stock appreciation rights using the treasury stock method. The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share: Year Ended November 28, November 29, November 24, (Dollars in thousands, except per share amounts) Numerator: Net income (loss) attributable to Levi Strauss & Co. $ 553,541 $ (127,141) $ 394,612 Denominator: Weighted-average common shares outstanding - basic 401,634,760 397,315,117 389,082,277 Dilutive effect of stock awards 8,143,409 — 19,283,625 Weighted-average common shares outstanding - diluted 409,778,169 397,315,117 408,365,902 Earnings (loss) per common share attributable to common stockholders: Basic $ 1.38 $ (0.32) $ 1.01 Diluted $ 1.35 $ (0.32) $ 0.97 Anti-dilutive securities excluded from calculation of diluted earnings per share attributable to common stockholders 12,973 — 174,923 Diluted net earnings (loss) per common share attributable to Levi Strauss & Co. for the year ended November 29, 2020 excluded all potentially dilutive securities because there was a net loss for the period and, as such, the inclusion of these securities would have been anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted earnings (loss) per common share were 23.2 million shares for the year ended November 29, 2020.

Related Parties

Related Parties	12 Months Ended
	Nov. 28, 2021
Related Party Transactions [Abstract]
RELATED PARTIES	RELATED PARTIESCharles V. Bergh, President and Chief Executive Officer is a board member of the Levi Strauss Foundation, which is not a consolidated entity of the Company. Seth R. Jaffe, Executive Vice President and General Counsel, is Vice President of the Levi Strauss Foundation. During fiscal years 2021, 2020, and 2019, the Company donated $3.6 million, $9.9 million, and $9.7 million, respectively, to the Levi Strauss Foundation.

Business Segment Information

Business Segment Information	12 Months Ended
	Nov. 28, 2021
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION In the fourth quarter of 2021, the Company changed its segment reporting as a result of operational changes in support of the ongoing efforts to globally integrate the Levi's Brands business, which includes Levi's, Signature by Levi Strauss & Co.™ and Denizen ® brands, and separate the Dockers ® business. The Levi's business is defined geographically in three operating segments: Americas, Europe and Asia. The Dockers ® business, which is managed separately, will no longer be reported in the three geographical regions of Americas, Europe and Asia. Therefore, there are three reportable segments: Americas, Europe, and Asia, collectively comprising the Company's Levi's Brands business, and Other Brands, which includes Dockers ® and the newly acquired Beyond Yoga ® business, which do not meet the quantitative thresholds for reportable segments and therefore are presented under the caption of Other Brands. While this reporting change did not impact consolidated results, the segment data has been recast to be consistent for all periods presented throughout the financial statements and accompanying footnotes. 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 segments’ net revenues and operating income. The Company reports inventories by segment as that information is used by the chief operating decision maker in assessing segment performance. The Company does not report its other assets by segment as that information is not used by the chief operating decision maker in assessing segment performance. Business segment information for the Company is as follows: Year Ended November 28, November 29, 2020 (1) November 24, (Dollars in thousands) Net revenues: Americas $ 2,934,826 $ 2,187,899 $ 2,771,083 Europe 1,704,018 1,391,764 1,707,469 Asia 834,649 663,391 926,120 Other Brands 290,443 209,555 358,415 Total net revenues $ 5,763,936 $ 4,452,609 $ 5,763,087 Operating income (loss): Americas $ 660,230 $ 318,738 $ 519,686 Europe 396,386 207,866 350,067 Asia 35,097 (21,392) 87,490 Other Brands 10,431 (3,338) 7,172 Restructuring charges, net (8,287) (90,415) — Corporate expenses (2) (407,646) (496,578) (397,740) Total operating income (loss) 686,211 (85,119) 566,675 Interest expense (72,902) (82,190) (66,248) Underwriter commission paid on behalf of selling stockholders — — (24,860) Loss on early extinguishment of debt (36,521) — — Other income (expense), net (3) 3,452 (22,474) 2,017 Income (loss) before income taxes $ 580,240 $ (189,783) $ 477,584 ___________ (1) For the year ended November 29, 2020, the Company's business and results of operations were impacted by temporary store closures and reduced traffic and consumer demand as a result of the COVID-19 pandemic, with the majority of the impact occurring in the second quarter as most company-operated and wholesale customer doors were temporarily closed. Refer to Note 1 for more information. (2) Corporate expenses for the year ended November 29, 2020 includes incremental COVID-19 related charges that management does not attribute to any of the operating segments in order to provide increased transparency and comparability of segment performance. These charges include $42.3 million of incremental inventory reserves of which $26.3 million, $9.1 million and $6.9 million were related to the Americas, Europe and Asia segments, respectively, and charges for adverse fabric purchase commitments of $1.2 million related to the Asia segment. Net charges related to incremental allowance for doubtful accounts of $5.2 million were recognized, of which $5.0 million and $0.2 million were related to the Americas and Europe segments, respectively. Additionally, the Company recognized $58.7 million in impairment of long-lived assets related to certain retail locations, of which $50.0 million, $6.3 million and $2.4 million, were related to the Americas, Europe and Asia segments, respectively. Refer to Note 1 for additional information. (3) Includes $14.7 million in pension settlement losses in fiscal year 2020 related to the voluntary lump-sum, cash-out program offered to vested deferred U.S. pension plan participants. See Note 10 for further information. Year Ended November 28, November 29, November 24, (Dollars in thousands) Depreciation and amortization expense: Americas $ 39,137 $ 49,689 $ 41,288 Europe 23,325 22,877 22,897 Asia 13,259 12,656 11,875 Other Brands and Corporate 67,446 56,573 47,882 Total depreciation and amortization expense $ 143,167 $ 141,795 $ 123,942 November 28, 2021 Americas Europe Asia Unallocated Consolidated Total (Dollars in thousands) Assets: Inventories $ 429,527 $ 175,732 $ 154,864 $ 137,827 $ 897,950 All other assets — — — 5,002,119 5,002,119 Total assets $ 5,900,069 November 29, 2020 Americas Europe Asia Unallocated Consolidated Total (Dollars in thousands) Assets: Inventories $ 352,648 $ 165,516 $ 162,244 $ 137,284 $ 817,692 All other assets — — — 4,823,549 4,823,549 Total assets $ 5,641,241 Geographic information for the Company was as follows: Year Ended November 28, November 29, November 24, (Dollars in thousands) Net revenues: United States $ 2,594,482 $ 1,943,522 $ 2,525,325 Foreign countries 3,169,454 2,509,087 3,237,762 Total net revenues $ 5,763,936 $ 4,452,609 $ 5,763,087 Net deferred tax assets: United States $ 422,013 $ 404,800 $ 327,980 Foreign countries 151,101 92,756 79,925 Total net deferred tax assets $ 573,114 $ 497,556 $ 407,905 Long-lived assets: United States $ 358,497 $ 317,102 $ 376,883 Foreign countries 174,097 168,437 194,762 Total long-lived assets $ 532,594 $ 485,539 $ 571,645

Schedule II_ Valuation and Qual

Schedule II: Valuation and Qualifying Acounts	12 Months Ended
	Nov. 28, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	SCHEDULE II LEVI STRAUSS & CO. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS Allowance for Credit Losses Balance at Additions Deductions (1) Balance at (Dollars in thousands) November 28, 2021 $ 14,688 (190) 2,899 $ 11,599 November 29, 2020 $ 6,172 7,858 (658) $ 14,688 November 24, 2019 $ 10,037 (978) 2,887 $ 6,172 Sales Returns Balance at Additions Deductions (1) Balance at (Dollars in thousands) November 28, 2021 $ 51,385 312,871 306,814 $ 57,442 November 29, 2020 (2) $ 47,802 295,356 291,773 $ 51,385 November 24, 2019 (2) $ 53,684 259,866 265,748 $ 47,802 Sales Discounts and Incentives Balance at Additions Deductions (1) Balance at (Dollars in thousands) November 28, 2021 $ 135,966 419,368 402,972 $ 152,362 November 29, 2020 (2) $ 125,065 304,591 293,690 $ 135,966 November 24, 2019 (2) $ 120,704 351,686 347,325 $ 125,065 Valuation Allowance Against Deferred Tax Assets Balance at Charges/ (Additions)/ Deductions Balance at (Dollars in thousands) November 28, 2021 $ 38,543 4,855 (2,573) $ 45,971 November 29, 2020 $ 19,611 18,271 (661) $ 38,543 November 24, 2019 $ 21,970 (81) 2,278 $ 19,611 _____________ (1) The charges to the accounts are for the purposes for which the allowances were created. (2) In accordance with ASU 2014-09, “Revenue from Contracts with Customers”, adopted in fiscal 2019, allowances for returns, discounts and incentives are presented as current liabilities on the consolidated balance sheet. In previously issued financial statement schedules, the end of period balances were included within Deductions, presented as additional deductions, to reflect ending balances for asset valuation accounts. The presentation has been updated to reflect both asset valuation accounts and current liabilities associated with sales returns and sales discounts and incentives. This change in presentation did not impact the Company's consolidated financial statements in any period.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 28, 2021
Accounting Policies [Abstract]
Basis of accounting	The 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"). All significant intercompany balances and 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. Fiscal year 2021 was a 53-week year, ending on November 28, 2021, and fiscal years 2020 and 2019 were 52-week years, ending on November 29, 2020 and November 24, 2019, respectively. Each quarter of fiscal years 2021, 2020 and 2019 consisted of 13 weeks, with the exception of the fourth quarter of fiscal year 2020, which consisted of 14 weeks. All references to years relate to fiscal years rather than calendar years.
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. The impact of the COVID-19 pandemic has been considered within these estimates. 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. In particular, significant uncertainty remains about the duration and extent of the impact of the COVID-19 pandemic and its resulting impact on global economic conditions. If economic conditions caused by the pandemic do not recover as currently estimated by management, the Company’s financial condition, cash flows and results of operations may be further materially impacted. As a result of uncertainty and frequently changing information regarding the COVID-19 pandemic and its impact on global economic conditions, estimates may change frequently and in the near term.
Cash and cash equivalents	The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash equivalents are stated at fair value.
Derivative financial instruments and hedging activities	The Company records all derivatives on the balance sheet at fair value, which are included in "Other current assets", "Other non-current assets", "Other accrued liabilities" or "Other long-term liabilities" on the Company’s consolidated balance sheets. The portion of the fair value that represents cash flow occurring within one year are classified as current and the portion related to cash flows occurring beyond one year are classified as non-current. The cash flows from the designated derivative instruments used as hedges are classified in the Company's consolidated statements of cash flows in the same section as the cash flows of the hedged item. Designated Cash Flow Hedges The Company actively manages the risk of changes in functional currency equivalent cash flows resulting from anticipated non-functional currency denominated purchases and sales. The Company’s global sourcing organization uses the U.S. dollar as its functional currency and is primarily exposed to changes in functional currency equivalent cash flows from anticipated inventory purchases, as it procures inventory on behalf of subsidiaries with the Euro, Australian Dollar and Japanese Yen functional currencies. The Company's Mexico subsidiary uses the Mexican Peso as its functional currency and is exposed as it procures inventory in the U.S. Dollar. Additionally, a European subsidiary uses Euros as its functional currency and is exposed to anticipated non-functional currency denominated sales. The Company manages these risks by using currency forward contracts formally designated and effective as cash flow hedges. Hedge effectiveness is generally determined by evaluating the ability of a hedging instrument's cumulative change in fair value to offset the cumulative change in the present value of expected cash flows on the underlying exposures. For forward contracts, forward points are excluded from the determination of hedge effectiveness and are included in cost of goods sold for hedges of anticipated inventory purchases and in net revenues for hedges of anticipated sales on a straight-line basis over the life of the contract. In each accounting period, differences between the change in fair value of the forward points and the amount recognized on a straight-line basis is recognized in "Other comprehensive income". Net Investment Hedges The Company designates certain non-derivative instruments as net investment hedges to hedge the Company's net investment position in certain of its foreign subsidiaries. For these instruments, the Company documents the hedge designation by identifying the hedging instrument, the nature of the risk being hedged and the approach for measuring hedge effectiveness. Non-designated Cash Flow Hedges The Company enters into derivative instruments not designated as hedges. These derivative instruments are not speculative and are used to manage the Company’s exposure to certain product sourcing activities, some intercompany sales, foreign subsidiaries' royalty payments, interest payments, earnings repatriations, net investment in foreign operations and funding activities but the Company has not elected to apply hedge accounting. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in "Other income (expense), net" in the Company’s consolidated statements of operations.
Accounts receivable, net	The Company extends credit to its customers that satisfy pre-defined credit criteria. Accounts receivable are recorded net of an allowance for credit losses. The Company estimates the allowance for credit losses based on an analysis of the aging of accounts receivable, assessment of collectability, including any known or anticipated bankruptcies, customer-specific circumstances and an evaluation of current economic conditions. Actual write-off of receivables may differ from estimates due to changes in customer and economic circumstances. During fiscal 2021, a net reduction of $12.5 million in allowances related to customer receivables was recorded as a result of a change in customers' financial condition, actual and anticipated bankruptcies and other associated claims. During fiscal year 2020, $17.7 million in charges were recognized upon the onset of the COVID-19 pandemic. The allowance for credit losses was $11.6 million and $14.7 million as of November 28, 2021 and November 29, 2020, respectively.
Inventory valuation	The Company values inventories at the lower of cost or net realizable value. Inventory cost is determined using the first-in first-out method. The Company includes product costs, labor and related overhead, inbound freight, internal transfers, and the cost of operating its remaining manufacturing facilities, including the related depreciation expense, in the cost of inventories. The Company estimates quantities of slow-moving and obsolete inventory, by reviewing on-hand quantities, outstanding purchase obligations and forecasted sales. The Company determines inventory net realizable value by estimating expected selling prices based on the Company's historical recovery rates for slow-moving and obsolete inventory and other factors, such as market conditions, expected channel of distribution and current consumer preferences.
Income tax assets and liabilities	Significant judgment is required in determining the Company's global income tax provision. In the ordinary course of a global business, there are many transactions and calculations where the ultimate tax outcome is uncertain. Some of these uncertainties arise from examinations in various jurisdictions and assumptions and estimates used in evaluating the need for valuation allowances. The Company is subject to income taxes in the United States and numerous foreign jurisdictions. The Company computes its provision for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carryforwards. All deferred income taxes are classified as non-current on the Company's consolidated balance sheets. Deferred tax assets and liabilities are measured using the currently enacted tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. Significant judgments are required in order to determine the realizability of these deferred tax assets. In assessing the need for a valuation allowance, the Company's management evaluates all significant available positive and negative evidence, including historical operating results, estimates of future taxable income and the existence of prudent and feasible tax planning strategies.
Property, plant and equipment	Property, plant and equipment are carried at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method based upon the estimated useful lives of the assets. Buildings are depreciated over a 20 to 40 year period. Leasehold improvements are depreciated over the lesser of the estimated useful life of the improvement or the associated lease term. Machinery and equipment, including furniture and fixtures, automobiles and trucks, and networking communication equipment, is depreciated over a three Software development costs, which are direct costs associated with developing software for internal use, including certain payroll and payroll-related costs are capitalized when incurred during the application development phase and are depreciated on a straight-line basis over the estimated useful life, typically over a three seven The Company reviews property plant and equipment for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or an asset group may not be recoverable. Impairment losses are measured and recorded for the excess of carrying value over its fair value, estimated based on expected future cash flows and other quantitative and qualitative factors.
Goodwill and Intangible Assets	Goodwill resulted primarily from a 1985 acquisition of the Company by Levi Strauss Associates Inc., a former parent company that was subsequently merged into the Company in 1996, the acquisition of Beyond Yoga ® in 2021 and other third party acquisitions. Goodwill is not amortized. Intangible assets are comprised of customer relationships and owned trademarks with definite and indefinite useful lives. The Company tests goodwill and indefinite-lived intangible assets for impairment annually in the fourth quarter of the fiscal year, or more frequently as warranted by events or changes in circumstances which indicate that the carrying amount may not be recoverable. The Company may first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit or indefinite-lived asset is less than its carrying amount.
Operating Leases	Beginning in fiscal year 2020, the Company adopted Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) . The Company primarily leases retail store space, certain distribution and warehouse facilities, office space and equipment. The Company determines if an arrangement is a lease at inception and begins recording lease activity at the commencement date, which is generally the date in which the Company takes possession of or controls the physical use of the asset. Right-of-use ("ROU") assets and lease liabilities are recognized based on the present value of lease payments over the lease term with lease expense recognized on a straight-line basis. Incremental borrowing rates are used to determine the present value of future lease payments unless the implicit rate is readily determinable. Incremental borrowing rate reflects the rate the lessee would pay to borrow on a secured basis an amount equal to the lease payments and incorporates the term and economic environment of the lease. ROU assets include amounts for scheduled rent increases and are reduced by the amount of lease incentives. The lease term includes the non-cancelable period of the lease and options to extend or terminate the lease when it is reasonably certain the Company will exercise those options. Certain lease agreements include variable lease payments, which are based on a percent of retail sales over specified levels or adjust periodically for inflation as a result of changes in a published index, primarily the Consumer Price Index. The Company has elected to account for lease and non-lease components together as a single lease component in the measurement of ROU assets and lease liabilities. Variable lease payments are not included in the measurement of ROU assets and lease liabilities. For leases with a lease term of 12 months or less, fixed lease payments are recognized on a straight-line basis over such term and are not recognized on the consolidated balance sheet. See Note 15 for further discussion of the Company's leases.
Debt issuance costs	The Company capitalizes debt issuance costs on its senior revolving credit facility, which are included in "Other non-current assets" on the Company's consolidated balance sheets. Capitalized debt issuance costs on the Company's unsecured long-term debt are presented as a reduction to the debt outstanding on the Company's consolidated balance sheets. The unsecured long-term debt issuance costs are generally amortized utilizing the effective interest method whereas the senior revolving credit facility issuance costs are amortized utilizing the straight-line method. Amortization of debt issuance costs is included in "Interest expense" in the consolidated statements of operations.
Fair value of financial instruments	The fair values of the Company's financial instruments reflect the amounts that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The fair value estimates presented in these financial statements are based on information available to the Company as of November 28, 2021 and November 29, 2020. The carrying values of cash and cash equivalents, trade receivables and short-term borrowings approximate fair value since they are short term in nature. The Company has estimated the fair value of its other financial instruments using the market and income approaches. Rabbi trust assets and forward foreign exchange contracts are carried at their fair values. The Company's debt instruments are carried at historical cost and adjusted for amortization of premiums, discounts, or deferred financing costs, foreign currency fluctuations and principal payments.
Pension and postretirement benefits	The Company has several non-contributory defined benefit retirement plans covering eligible employees. The Company also provides certain health care benefits for U.S. employees who meet age, participation and length of service requirements at retirement. In addition, the Company sponsors other retirement or post-employment plans for its foreign employees in accordance with local government programs and requirements. The Company retains the right to amend, curtail or discontinue any aspect of the plans, subject to local regulations. The Company recognizes either an asset or a liability for any plan's funded status in its consolidated balance sheets. The Company measures changes in funded status using actuarial models which utilize an attribution approach that generally spreads individual events over the estimated service lives of the remaining employees in the plan. For plans where participants will not earn additional benefits by rendering future service, which includes the Company's U.S. plans, individual events are spread over the plan participants' estimated remaining lives. The Company's policy is to fund its retirement plans based upon actuarial recommendations and in accordance with applicable laws, income tax regulations and credit agreements. Net pension and postretirement benefit income or expense is generally determined using assumptions which include expected long-term rates of return on plan assets, discount rates, compensation rate increases and medical and mortality trend rates. The Company considers several factors including historical rates, expected rates and external data to determine the assumptions used in the actuarial models.
Employee incentive compensation	The Company maintains short-term and long-term employee incentive compensation plans. Provisions for employee incentive compensation are recorded in "Accrued salaries, wages and employee benefits" and "Long-term employee related benefits" on the Company's consolidated balance sheets. The Company accrues the related compensation expense over the period of the plan and changes in the liabilities for these incentive plans generally correlate with the Company's financial results and projected future financial performance.
Stock-based compensation	The Company has stock-based incentive plans that allow for the issuance of cash or equity-settled awards to certain employees and non-employee directors. The Company recognizes compensation expense for share-based awards that are classified as equity based on the grant date fair value of the awards over the requisite service period, adjusted for estimated forfeitures. The cash-settled awards are classified as liabilities and compensation expense is measured using fair value at the end of each reporting period until settlement. The grant date fair value of the Company's stock appreciation right awards is estimated using the Black-Scholes valuation model. The grant date fair value of the Company's service based restricted stock units ("RSUs") and non-market based performance RSUs is determined based on the fair value of the Company's common stock on the date of grant, adjusted to reflect the absence of dividend equivalents during vesting. The grant date fair value of the Company's market based performance RSUs is estimated using a Monte Carlo simulation valuation model. Compensation expense for all performance based RSUs is recognized over the requisite service period when attainment of the performance goal is deemed probable, net of estimated forfeitures. Compensation expense for market based RSUs, net of estimated forfeitures, is recognized over the requisite service period regardless of whether, and the extent to which, the market condition is ultimately satisfied. For RSU awards with cliff vesting terms, compensation expense is recognized on a straight-line basis. For awards granted to retirement-eligible employees, or employees who will become retirement-eligible prior to the end of the awards' respective stated vesting periods, the related stock-based compensation expense is recognized on an accelerated basis over a term commensurate with the period that the employee is required to provide service in order to vest in the award. Due to the job function of the award recipients, the Company has included stock-based compensation expense in "Selling, general and administrative expenses" in the consolidated statements of operations.
Self-insurance	Up to certain limits, the Company self-insures various loss exposures primarily relating to workers' compensation risk and employee and eligible retiree medical health benefits. The Company carries insurance policies covering claim exposures which exceed predefined amounts, per occurrence and/or in the aggregate.
Foreign currency	The functional currency for most of the Company's foreign operations is the applicable local currency. For those operations, assets and liabilities are translated into U.S. Dollars using period-end exchange rates; income and expenses are translated at average monthly exchange rates; and equity accounts are translated at historical rates. Net changes resulting from such translations are recorded as a component of translation adjustments in "Accumulated other comprehensive loss" on the Company's consolidated balance sheets.Foreign currency transactions are transactions denominated in a currency other than the entity's functional currency. At each balance sheet date, each entity remeasures the recorded balances related to foreign-currency transactions using the period-end exchange rate. Unrealized gains or losses arising from the remeasurement of these balances are recorded in "Other income (expense), net" in the Company's consolidated statements of operations. In addition, at the settlement date of foreign currency transactions, the realized foreign currency gains or losses are recorded in "Other income (expense), net" in the Company's consolidated statements of operations to reflect the difference between the rate effective at the settlement date and the historical rate at which the transaction was originally recorded.
Revenue recognition	Net sales includes sales within the wholesale and direct-to-consumer channels. Wholesale channel revenues includes sales to third-party retailers such as department stores, specialty retailers, third-party e-commerce sites and franchise locations dedicated to the Company's brands. The Company also sells products directly to consumers, which are reflected in the direct-to-consumer ("DTC") channel, through a variety of formats, including company-operated mainline and outlet stores, company-operated e-commerce sites and select shop-in-shops located in department stores and other third-party retail locations. Revenue transactions generally comprise of a single performance obligation, which consists of the sale of products to customers either through wholesale or direct-to-consumer channels. The Company satisfies the performance obligation and records revenues when transfer of control has passed to the customer, based on the terms of sale. Transfer of control passes to wholesale customers upon shipment or upon receipt depending on the agreement with the customer. Within the Company's DTC channel, control generally transfers to the customer at the time of sale within company-operated retail stores and upon delivery to the customer with respect to e-commerce transactions. Licensing revenues are included in the Company's wholesale channel and represent approximately 2% of total revenues which are recognized over time based on the contractual term with variable amounts recognized only when royalties exceed contractual minimum royalty guarantees. Payment terms for wholesale transactions depend on the country of sale or agreement with the customer, and payment is generally required after shipment or receipt by the wholesale customer. Payment is due at the time of sale for retail store and e-commerce transactions. Net sales to the Company's ten largest customers for fiscal year 2021, fiscal year 2020, and fiscal year 2019, totaled 32%, 29% and 26% of net revenues for those fiscal years, respectively. No customer represented 10% or more of net revenues in any of these years.
Cost goods sold	Cost of goods sold includes the expenses incurred to acquire and produce inventory for sale, including product costs, labor and related overhead, inbound freight, internal transfers, and the cost of operating the Company's remaining manufacturing facilities, including the related depreciation expense.
Selling, general and administrative expenses	Selling, general and administrative expenses ("SG&A") consist primarily of costs relating to advertising, marketing, selling, distribution, information technology and other corporate functions. Selling costs include, among other things, all occupancy costs associated with company-operated stores and with the Company's company-operated shop-in-shops located within department stores. The Company expenses advertising costs as incurred. For fiscal year 2021, 2020 and 2019, total advertising expense was $434.5 million, $331.4 million and $399.3 million, respectively. Distribution costs include costs related to receiving and inspection at distribution centers, warehousing, shipping to the Company's customers, handling and certain other activities associated with the Company's distribution network. These expenses totaled $244.6 million $198.3 million and $227.4 million for fiscal year 2021, 2020 and 2019, respectively.
Recently issued accounting standards	Recently Issued Accounting Standards The following recently issued accounting standards, all of which are FASB issued ASU's, have been grouped by their required effective dates for the Company: First Quarter 2022 • In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes . The ASU is intended to enhance and simplify aspects of the income tax accounting guidance in ASC 740 as part of the FASB's simplification initiative. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2020 with early adoption permitted. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures. First Quarter 2023 • In March 2020 and January 2021, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting and ASU 2021-01, Reference Rate Reform: Scope , respectively. Together, the ASUs provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This guidance is effective beginning on March 12, 2020, and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures.

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Nov. 28, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The following table presents the Company's inventory balances: November 28, November 29, (Dollars in thousands) Raw materials $ 9,141 $ 3,882 Work-in-progress 3,603 4,725 Finished goods 885,206 809,085 Total inventories $ 897,950 $ 817,692

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Nov. 28, 2021
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment	The components of property, plant and equipment ("PP&E") were as follows: November 28, November 29, (Dollars in thousands) Land $ 8,238 $ 8,564 Buildings and leasehold improvements 472,240 477,521 Machinery and equipment 487,356 486,931 Capitalized internal-use software 597,644 560,539 Construction in progress 67,782 24,148 Subtotal 1,633,260 1,557,703 Accumulated depreciation (1,130,698) (1,103,171) PP&E, net $ 502,562 $ 454,532

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Nov. 28, 2021
Business Combinations [Abstract]
Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary estimated fair values of the Beyond Yoga ® assets acquired and liabilities assumed at the date of acquisition: September 21, (Dollars in thousands) Cash $ 1,491 Accounts receivable 5,028 Inventory (1) 18,706 Prepaid expenses and other current assets 509 Property, plant and equipment 760 Operating lease right-of-use assets 5,877 Goodwill 123,658 Intangible assets 245,507 Other non-current assets 463 Total assets acquired 401,999 Accounts payable 4,267 Other accrued liabilities 2,256 Operating lease liabilities 5,877 Total liabilities assumed 12,400 Net assets acquired $ 389,599 _____________
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The fair value of the separately identifiable intangible assets, and their estimated useful lives as of the acquisition date were as follows: Estimated Weighted Average Estimated (Dollars in thousands) Intangible Assets: Trademark $ 215,969 Indefinite Customer Relationships 29,538 8.2 years Total $ 245,507
Acquisition Related Expenses	The following table summarizes the acquisition-related expenses recognized during fiscal year 2021: November 28, (Dollars in thousands) Acquisition-related expenses: Transaction and integration costs $ 2,835 Acquisition-related compensation 962 Total $ 3,797

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Nov. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying amount of goodwill	The changes in the carrying amount of goodwill by business segment for the years ended November 28, 2021 and November 29, 2020, were as follows: Americas Europe Asia Other Brands Total (Dollars in thousands) Balance, November 24, 2019 $ 207,749 $ 26,535 $ 1,504 $ — $ 235,788 Additions (1) 22,445 207 1,710 — 24,362 Foreign currency fluctuation 2,782 1,928 (92) — 4,618 Balance, November 29, 2020 232,976 28,670 3,122 — 264,768 Additions (2) — 1,761 — 123,658 125,419 Foreign currency fluctuation (1,597) (1,639) (71) — (3,307) Balance, November 28, 2021 $ 231,379 $ 28,792 $ 3,051 $ 123,658 $ 386,880 _____________ (1) Additions to goodwill in fiscal year 2020 relate to business acquisitions, primarily the South American distributor TJC. Refer to Note 4 for more information. (2) Additions to Other Brands goodwill in fiscal year 2021 relates to the acquisition of Beyond Yoga ® . Refer to Note 4
Other intangible assets	Other intangible assets, net, were as follows: November 28, 2021 November 29, 2020 Gross Accumulated Total Gross Accumulated Total (Dollars in thousands) Non-amortized intangible assets: Trademarks $ 258,712 $ — $ 258,712 $ 42,743 $ — $ 42,743 Amortized intangible assets: Customer relationships and other 38,662 (6,042) 32,620 9,786 (5,103) 4,683 Total $ 297,374 $ (6,042) $ 291,332 $ 52,529 $ (5,103) $ 47,426
Finite-Lived Intangible Assets, Future Amortization Expense	Estimated amortization expense for each of the next five years is as follows: November 28, (Dollars in thousands) 2022 $ 4,400 2023 4,400 2024 4,400 2025 4,400 2026 4,043 Thereafter 10,977 Total $ 32,620

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Nov. 28, 2021
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: November 28, 2021 November 29, 2020 Fair Value Fair Value 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 $ 80,188 $ 80,188 $ — $ 71,184 $ 71,184 $ — Short-term investments in marketable securities 91,550 91,550 96,531 — 96,531 Derivative instruments (3) 27,512 — 27,512 4,904 — 4,904 Total $ 199,250 $ 80,188 $ 119,062 $ 172,619 $ 71,184 $ 101,435 Financial liabilities carried at fair value Derivative instruments (3) 13,255 — 13,255 10,735 — 10,735 Total $ 13,255 $ — $ 13,255 $ 10,735 $ — $ 10,735 _____________ (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. See Note 11 for more information on rabbi trust assets. (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.
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: November 28, 2021 November 29, 2020 Carrying Estimated Fair Carrying Estimated (Dollars in thousands) Financial liabilities carried at adjusted historical cost 5.00% senior notes due 2025 (1) $ — $ — $ 990,280 $ 1,016,169 3.375% senior notes due 2027 (1) 531,382 541,935 564,312 583,227 3.50% senior notes due 2031 (1) 497,335 502,881 — — Short-term borrowings 5,862 5,862 17,648 17,648 Total $ 1,034,579 $ 1,050,678 $ 1,572,240 $ 1,617,044 _____________
Available for Sale Investments	The following table presents the amortized cost, gross unrealized gains (losses) and fair values of the Company’s available for sale investments: November 28, 2021 November 29, 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Amortized Cost Unrealized Gains Unrealized Losses Fair Value (Dollars in thousands) Short-term investments Rabbi trust assets $ 2,823 $ 1,277 $ — $ 4,100 $ 6,423 $ 2,342 $ — $ 8,765 Short-term investments in marketable securities 91,475 155 (80) 91,550 96,010 530 (9) 96,531 94,298 1,432 (80) 95,650 102,433 2,872 (9) 105,296 Long-term investments Rabbi trust assets 52,398 23,690 — 76,088 45,743 16,676 — 62,419 $ 146,696 $ 25,122 $ (80) $ 171,738 $ 148,176 $ 19,548 $ (9) $ 167,715

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Nov. 28, 2021
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: November 28, 2021 November 29, 2020 Assets (Liabilities) Derivative Assets (Liabilities) Derivative Carrying Carrying Carrying Carrying (Dollars in thousands) Derivatives designated as hedging instruments Foreign exchange risk cash flow hedges (1) $ 24,858 $ — $ 24,858 $ 1,489 $ — $ 1,489 Foreign exchange risk cash flow hedges (2) — (2,030) (2,030) — (5,036) (5,036) Total $ 24,858 $ (2,030) $ 1,489 $ (5,036) Derivatives not designated as hedging instruments Forward foreign exchange contracts (1) $ 27,512 $ (24,858) $ 2,654 $ 4,902 $ (1,487) $ 3,415 Forward foreign exchange contracts (2) 2,030 (13,255) (11,225) 5,035 (10,734) (5,699) Total $ 29,542 $ (38,113) $ 9,937 $ (12,221) Non-derivatives designated as hedging instruments Euro senior notes $ — $ (532,285) $ — $ (565,820) _____________ (1) Included in "Other current assets" or "Other non-current assets" on the Company’s consolidated balance sheets. (2) Included in "Other accrued liabilities" or "Other long-term liabilities" on the Company’s consolidated balance sheets. The table below presents the gross and net amounts of these contracts recognized on the Company's consolidated balance sheets by type of financial instrument: November 28, 2021 November 29, 2020 Gross Amounts of Assets / (Liabilities) Gross Amounts Net Amounts Gross Amounts of Assets / (Liabilities) Gross Amounts Net Amounts (Dollars in thousands) Foreign exchange risk contracts and forward foreign exchange contracts Financial assets $ 54,400 $ (10,152) $ 44,248 $ 11,426 $ (6,578) $ 4,848 Financial liabilities (40,143) 10,152 (29,991) (17,257) 6,578 (10,679) Total $ 14,257 $ (5,831)
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 cash flow and 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 operations: Amount of Gain or (Loss) Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) (1) As of As of Year Ended November 28, November 29, November 24, (Dollars in thousands) Foreign exchange risk contracts $ 24,304 $ (11,896) $ (19,277) $ 13,182 $ 3,418 Realized forward foreign exchange swaps (2) 4,637 4,637 — — — Yen-denominated Eurobonds (19,811) (19,811) — — — Euro-denominated senior notes (45,201) (78,736) — — — Cumulative income taxes 15,157 31,350 — — — Total $ (20,914) $ (74,456) _____________ (1) Amounts reclassified from AOCI were classified as net revenues or costs of goods sold on the consolidated statements of operations. (2) Prior to and during 2005, the Company used foreign exchange currency swaps to hedge the net investment in its foreign operations. For hedges that qualified for hedge accounting, the net gains were included in AOCI and are not reclassified to earnings until the related net investment position has been liquidated.
Gains and losses included in statements of income	The table below presents the effects of the Company's cash flow hedges of foreign exchange risk contracts on the Consolidated statements of operations for the year ended November 28, 2021: Year ended November 28, November 29, November 24, (Dollars in thousands) Amount of (Loss) Gain on Cash Flow Hedge Activity: Net revenues $ (4,323) $ 1,814 $ (3,908) Cost of goods sold (14,954) 11,368 7,326 The table below provides data about the amount of gains and losses related to derivative instruments included in "Other income (expense), net" in the Company’s consolidated statements of operations: Year Ended November 28, November 29, November 24, (Dollars in thousands) Forward foreign exchange contracts: Realized (loss) gain (1) $ (9,744) $ 8,049 $ 8,164 Unrealized loss (2) (5,057) (5,750) (8,038) Total $ (14,801) $ 2,299 $ 126 _____________ (1) The realized loss in fiscal year 2021 is primarily driven by losses on contracts to buy various currencies, mainly the Euro, and losses on contracts to sell various currencies, in particular the British Pound, Canadian Dollar and Mexican Peso a result of the U.S. Dollar strengthening throughout the year against original contract rates. The realized gain in fiscal year 2020 is primarily driven by gains on contracts to buy various currencies, mainly the Euro, as a result of the U.S. Dollar weakening throughout the year against original contract rates. The realized gain in fiscal year 2019 is driven by gains on contracts to sell various currencies, mainly the Euro, as a result of the U.S. Dollar strengthening throughout the year against lower original contract rates.

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Nov. 28, 2021
Other Liabilities Disclosure [Abstract]
Other Accrued Liabilities	The following table presents the Company's other accrued liabilities: November 28, November 29, (Dollars in thousands) Other accrued liabilities Accrued advertising and promotion $ 111,086 $ 80,272 Accrued interest payable 8,281 8,235 Accrued rent 16,612 22,045 Fabric liabilities 4,625 25,493 Fair value derivatives 13,246 10,390 Taxes other than income taxes payable 48,278 34,555 Other 373,774 296,011 Total other accrued liabilities $ 575,902 $ 477,001

Debt (Tables)

Debt (Tables)	12 Months Ended
	Nov. 28, 2021
Debt Disclosure [Abstract]
Schedule of long-term and short-term debt instruments	The following table presents the Company's debt: November 28, November 29, (Dollars in thousands) Long-term debt 5.00% senior notes due 2025 $ — $ 986,252 3.375% senior notes due 2027 527,644 560,448 3.50% senior notes due 2031 493,056 — Total long-term debt $ 1,020,700 $ 1,546,700 Short-term debt Short-term borrowings 5,862 17,631 Total debt $ 1,026,562 $ 1,564,331
Principal payments on short-term and long-term debt	The table below sets forth, as of November 28, 2021, the Company's required aggregate short-term and long-term debt principal payments (inclusive of premium and discount): (Dollars in thousands) 2022 $ 5,862 2023 — 2024 — 2025 — 2026 Thereafter 1,032,285 Total future debt principal payments $ 1,038,147

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Nov. 28, 2021
Retirement Benefits [Abstract]
Schedule of benefit obligations in excess of fair value of plan assets	The following tables summarize activity of the Company's defined benefit pension plans and postretirement benefit plans: Pension Benefits Postretirement Benefits 2021 2020 2021 2020 (Dollars in thousands) Change in benefit obligation: Benefit obligation at beginning of year $ 1,264,629 $ 1,261,763 $ 67,361 $ 72,135 Service cost 4,398 4,026 21 48 Interest cost 19,349 30,643 829 1,665 Plan participants' contribution 652 689 4,027 4,282 Plan combinations 2,845 — — — Actuarial (gain) loss (1) (26,982) 87,443 (3,059) 1,531 Net curtailment loss (gain) 37 (1,009) — — Impact of foreign currency changes (5,958) 10,899 — — Plan settlements (2) — (64,525) — — Net benefits paid (66,907) (65,300) (11,342) (12,300) Benefit obligation at end of year $ 1,192,063 $ 1,264,629 $ 57,837 $ 67,361 Change in plan assets: Fair value of plan assets at beginning of year 1,153,291 1,091,162 — — Actual return on plan assets 33,478 161,856 — — Employer contribution 11,943 20,865 7,315 8,018 Plan participants' contributions 652 689 4,027 4,282 Plan settlements (2) — (64,525) — — Impact of foreign currency changes (3,284) 8,544 — — Net benefits paid (66,907) (65,300) (11,342) (12,300) Fair value of plan assets at end of year 1,129,173 1,153,291 — — Unfunded status at end of year $ (62,890) $ (111,338) $ (57,837) $ (67,361) _____________ (1) Fiscal year 2021 actuarial gains compared to 2020 actuarial losses in the Company's pension benefit plans resulted from changes in discount rate assumptions. (2) There were no settlement events in fiscal 2021. The increase in pension plan settlements in fiscal year 2020 was primarily due to a voluntary lump-sum, cash-out program offered to vested, terminated U.S. pension plan participants in the last half of the fiscal year 2020. The extent of the funding from the cash-out program exceeded the settlement accounting threshold, and as such in fiscal year 2020, these activities have been categorized as settlements. Pension plan assets were utilized to settle pension obligations for deferred participants that elected to participate in the program.
Schedule of amounts recognized in balance sheet	Amounts recognized in the Company's consolidated balance sheets as of November 28, 2021 and November 29, 2020, consist of the following: Pension Benefits Postretirement Benefits 2021 2020 2021 2020 (Dollars in thousands) Unfunded status recognized on the balance sheet: Prepaid benefit cost (1) $ 98,278 $ 62,161 $ — $ — Accrued benefit liability – current portion (2) (9,770) (9,663) (6,398) (7,112) Accrued benefit liability – long-term portion (2) (151,398) (163,836) (51,439) (60,249) $ (62,890) $ (111,338) $ (57,837) $ (67,361) Accumulated other comprehensive loss: Net actuarial loss $ (264,729) $ (296,330) $ (8,956) $ (12,491) Net prior service benefit 182 259 — — $ (264,547) $ (296,071) $ (8,956) $ (12,491) _____________ (1) Included in "Other non-current assets" on the Company’s consolidated balance sheets. (2) Included in "Accrued salaries, wages and employee benefits" or "Other long-term liabilities" on the Company’s consolidated balance sheets.
Schedule of accumulated benefit obligations in excess of fair value of plan assets	Information for the Company's defined benefit plans with an accumulated or projected benefit obligation in excess of plan assets is as follows: Pension Benefits 2021 2020 (Dollars in thousands) Accumulated benefit obligations in excess of plan assets: Aggregate accumulated benefit obligation $ 158,815 $ 168,390 Projected benefit obligations in excess of plan assets: Aggregate projected benefit obligation $ 162,243 $ 222,055 Aggregate fair value of plan assets 1,102 48,578
Schedule of defined benefit plans disclosures	The components of the Company's net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits 2021 2020 2019 2021 2020 2019 (Dollars in thousands) Net periodic benefit (income) cost: Service cost $ 4,398 $ 4,026 $ 3,377 $ 21 $ 48 $ 65 Interest cost 19,349 30,643 41,341 829 1,665 3,042 Expected return on plan assets (36,635) (41,189) (42,098) — — — Amortization of prior service benefit (65) (62) (61) — — — Amortization of actuarial loss 10,428 13,407 13,306 476 324 465 Curtailment loss (gain) 37 (650) 13 — — — Net settlement loss (gain) 29 14,699 (56) — — — Net periodic benefit (income) cost (2,459) 20,874 15,822 1,326 2,037 3,572 Changes in accumulated other comprehensive loss: Actuarial (gain) loss (21,132) (34,821) 6,309 (3,059) 1,531 (2,903) Amortization of prior service benefit 65 62 61 — — — Amortization of actuarial loss (10,428) (13,407) (13,306) (476) (324) (465) Curtailment gain — 742 — — — — Net settlement (loss) gain (29) (14,699) 56 — — — Total recognized in accumulated other comprehensive loss (31,524) (62,123) (6,880) (3,535) 1,207 (3,368) Total recognized in net periodic benefit cost and accumulated other comprehensive loss $ (33,983) $ (41,249) $ 8,942 $ (2,209) $ 3,244 $ 204
Schedule of assumptions used	Assumptions used in accounting for the Company's benefit plans were as follows: Pension Benefits Postretirement Benefits 2021 2020 2019 2021 2020 2019 Weighted-average assumptions used to determine net periodic benefit cost: Discount rate 2.1% 2.8% 4.1% 2.0% 2.8% 4.2% Expected long-term rate of return on plan assets 3.3% 3.8% 4.6% Rate of compensation increase 3.3% 3.3% 3.4% Weighted-average assumptions used to determine benefit obligations: Discount rate 2.4% 2.1% 2.8% 2.4% 2.0% 2.8% Rate of compensation increase 3.5% 3.3% 3.3% Assumed health care cost trend rates were as follows: Health care trend rate assumed for next year 5.9% 5.4% 5.7% Rate trend to which the cost trend is assumed to decline 3.9% 4.4% 4.4% Year that rate reaches the ultimate trend rate 2044 2037 2037
Fair values of pension plan assets	The fair value of the Company's pension plan assets by asset class are as follows: Year Ended November 28, 2021 Asset Class Total Quoted Prices in Significant Significant (Dollars in thousands) Cash and cash equivalents $ 2,383 $ 2,383 $ — $ — Equity securities (1) U.S. large cap 54,109 — 54,109 — U.S. small cap 7,710 — 7,710 — International 87,830 — 87,830 — Fixed income securities (2) 939,932 — 939,932 — Other alternative investments Real estate (3) 20,704 — 20,704 — Private equity (4) 182 — — 182 Hedge fund (5) 12,473 — 12,473 — Other (6) 3,850 — 3,850 — Total investments at fair value $ 1,129,173 $ 2,383 $ 1,126,608 $ 182 Year Ended November 29, 2020 Asset Class Total Quoted Prices in Significant Significant (Dollars in thousands) Cash and cash equivalents $ 2,337 $ 2,337 $ — $ — Equity securities (1) U.S. large cap 74,850 — 74,850 — U.S. small cap 14,343 — 14,343 — International 143,408 — 143,408 — Fixed income securities (2) 859,323 — 859,323 — Other alternative investments Real estate (3) 41,699 — 41,699 — Private equity (4) 228 — — 228 Hedge fund (5) 11,692 — 11,692 — Other (6) 5,411 — 5,411 — Total investments at fair value $ 1,153,291 $ 2,337 $ 1,150,726 $ 228 _____________ (1) Primarily comprised of equity index funds that track various market indices. (2) Predominantly includes bond index funds that invest in long-term U.S. government and investment grade corporate bonds. (3) Primarily comprised of investments in U.S. Real Estate Investment Trusts. (4) Represents holdings in a diversified portfolio of private equity funds and direct investments in companies located primarily in North America. Fair values are determined by investment fund managers using primarily unobservable market data. (5) Primarily invested in a diversified portfolio of equities, bonds, alternatives and cash with a low tolerance for capital loss.
Schedule of expected benefit payments	The Company's estimated future benefit payments to participants, which reflect expected future service, as appropriate are anticipated to be paid as follows: Pension Postretirement Total (Dollars in thousands) 2022 $ 71,382 $ 7,183 $ 78,565 2023 70,829 6,655 77,484 2024 71,281 6,230 77,511 2025 69,352 5,803 75,155 2026 68,757 5,296 74,053 2027-2031 328,897 19,773 348,670

Stock-Based Incentive Compens_2

Stock-Based Incentive Compensation Plans (Tables)	12 Months Ended
	Nov. 28, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock appreciation rights award activity	SARs activity during the year ended November 28, 2021 was as follows: Service SARs Performance SARs Units Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Units Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (Units and dollars in thousands, except weighted-average exercise price) Outstanding at November 29, 2020 11,252 $ 8.72 3.3 5,120 $ 6.62 1.8 Granted 565 21.35 — — Exercised (5,932) 7.07 (2,333) 7.25 Forfeited (94) 17.81 — — Outstanding at November 28, 2021 5,791 $ 11.50 4.4 2,787 $ 6.10 1.2 Vested and expected to vest at November 24, 2020 5,780 $ 11.50 4.4 $ 90,820 2,787 $ 6.10 1.2 $ 58,810 Exercisable at November 28, 2021 3,894 $ 8.62 2.9 $ 72,341 2,787 $ 6.10 1.2 $ 58,810 November 28, 2021 November 29, 2020 November 24, 2019 (Dollars in thousands) Aggregate intrinsic value of Service SARs exercised during the year $ 119,509 $ 44,119 $ 54,045 Aggregate intrinsic value of Performance SARs exercised during the year $ 45,364 $ 30,953 $ 27,776
Stock appreciation rights, valuation assumptions	The weighted-average grant date fair values and corresponding weighted-average assumptions used in the Black-Scholes option valuation model were as follows: Service SARs Granted 2021 2020 2019 Weighted-average grant date fair value $ 9.88 $ 6.44 $ 4.49 Weighted-average assumptions: Expected life (in years) 7.1 7.0 5.0 Expected volatility 49.3 % 36.6 % 37.5 % Risk-free interest rate 0.8 % 1.4 % 2.5 % Expected dividend 0.8 % 1.6 % 2.0 % Performance RSUs Granted 2021 2020 2019 (1) Weighted-average grant date fair value $ 27.33 $ 25.87 $ 17.95 Weighted-average assumptions: Expected life (in years) 2.8 2.8 2.8 Expected volatility 54.3 % 37.6 % 37.5 % Risk-free interest rate 0.2 % 1.4 % 2.3 % Expected dividend 0.8 % 1.5 % 1.9 % ____________ (1) The weighted-average information is presented for awards granted during 2019 without including replacement awards granted in connection with the IPO in March 2019, where the Company’s Board of Directors approved the cancellation of the majority of the outstanding unvested cash-settled RSUs and their concurrent replacement with similar stock-settled RSUs. Refer to Note 1 for more information. The weighted-average grant date fair value for the Performance RSUs granted as replacement awards is $28.78 and the weighted-average assumptions include an expected life of 1.5 years, an expected volatility of 36.3%, a risk-free interest rate of 2.5% and an expected dividend of 1.7%.
Restricted stock units award activity	Service and Performance RSU activity during the year ended November 28, 2021 was as follows: Service RSUs Performance RSUs Units Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Life (Years) Units Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Life (Years) (Units in thousands) Outstanding at November 29, 2020 4,346 $ 16.71 2.2 3,163 $ 18.11 1.0 Granted 1,790 21.78 840 27.33 Vested (1,689) 16.03 (1,336) 15.98 Performance adjustment — — (43) 16.03 Forfeited (352) 18.74 (189) 25.11 Outstanding at November 28, 2021 4,095 $ 19.02 2.4 2,435 $ 24.81 1.5

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Nov. 28, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following tables summarize the activities associated with restructuring liabilities for the years ended November 28, 2021 and November 29, 2020. In the table below, "Charges" represents the initial charge related to the restructuring activity, "Payments" consists of cash payments for severance and employee-related benefits and other, and "Foreign Currency Fluctuations and Other Adjustments" includes foreign currency fluctuations as well as revisions of estimates related to severance and employee-related benefits and other. As of November 28, 2021, $19.1 million and $2.7 million were classified as restructuring liabilities and other long-term liabilities, respectively, within the Company's consolidated balance sheets. Year Ended November 28, 2021 Liabilities Charges (1) Payments Foreign Currency Fluctuations Liabilities November 29, November 28, (Dollars in thousands) Severance and employee-related benefits $ 60,604 $ 5,383 $ (44,032) $ (542) $ 21,413 Other 417 302 (353) (9) 357 Total $ 61,021 $ 5,685 $ (44,385) $ (551) $ 21,770 _____________ (1) Excludes $2.6 million of pension and postretirement curtailment losses recorded in AOCI during the year ended November 28, 2021. Year Ended November 29, 2020 Liabilities Charges (1) Payments Foreign Currency Fluctuations Liabilities November 24, November 29, (Dollars in thousands) Severance and employee-related benefits $ — $ 85,002 $ (24,394) $ (4) $ 60,604 Other — 1,781 (313) (1,051) 417 Total $ — $ 86,783 $ (24,707) $ (1,055) $ 61,021 _____________ (1) Excludes $3.7 million of pension and postretirement curtailment losses recorded in AOCI during the year ended November 29, 2020.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Nov. 28, 2021
Leases [Abstract]
Schedule of Operating Lease Liabilities	Amounts of future undiscounted cash flows related to operating lease payments over the lease term are as follows and are reconciled to the present value of the operating lease liabilities as recorded in the Company's consolidated balance sheets. November 28, (Dollars in thousands) 2022 $ 262,688 2023 233,169 2024 194,119 2025 154,999 2026 120,861 Thereafter 326,225 Total undiscounted future cash flows related to lease payments 1,292,061 Less: Interest 77,210 Present value of lease liabilities $ 1,214,851
Supplemental Cash and Non-Cash Information	The following table includes the weighted average remaining lease terms, in years, and the weighted average discount rate used to calculate the present value of operating lease liabilities: November 28, November 29, Weighted-average remaining lease term (years) 6.5 5.8 Weighted-average discount rate 2.00 % 2.16 % The table below includes supplemental cash and non-cash information related to operating leases: November 28, November 29, (Dollars in thousands) (Dollars in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 262,908 $ 237,265 Operating lease right-of-use assets obtained in exchange for new operating lease liabilities (1) $ 415,832 $ 151,345 _____________ (1) November 29, 2020 amount excludes the amount initially capitalized in conjunction with the adoption of Topic 842.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Nov. 28, 2021
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive (loss) income is summarized below: Levi Strauss & Co. Noncontrolling Interest (1) Pension and Translation Adjustments Unrealized Derivative Instruments Foreign Total Foreign Totals (Dollars in thousands) Accumulated other comprehensive (loss) income at November 25, 2018 $ (229,023) $ (39,887) $ (158,622) $ 2,948 $ (424,584) $ 9,304 $ (415,280) Gross changes 10,248 19,026 (7,562) 4,362 26,074 312 26,386 Tax (2,084) (4,097) 727 (1,022) (6,476) — (6,476) Other comprehensive income (loss), net of tax 8,164 14,929 (6,835) 3,340 19,598 312 19,910 Accumulated other comprehensive (loss) income at November 24, 2019 (220,859) (24,958) (165,457) 6,288 (404,986) 9,616 (395,370) Gross changes 60,915 (55,242) 10,493 9,758 25,924 (9,616) 16,308 Tax (15,088) 13,747 (3,677) (2,922) (7,940) — (7,940) Cumulative effect of adoption of new accounting standards (2) (47,313) (8,003) — 872 (54,444) — (54,444) Other comprehensive income (loss), net of tax (1,486) (49,498) 6,816 7,708 (36,460) (9,616) (46,076) Accumulated other comprehensive (loss) income at November 29, 2020 (222,345) (74,456) (158,641) 13,996 (441,446) — (441,446) Gross changes 35,059 69,735 (51,016) 5,662 59,440 — 59,440 Tax (8,195) (16,193) 12,894 (887) (12,381) — (12,381) Other comprehensive (loss) income, net of tax 26,864 53,542 (38,122) 4,775 47,059 — 47,059 Accumulated other comprehensive (loss) income at November 28, 2021 $ (195,481) $ (20,914) $ (196,763) $ 18,771 $ (394,387) $ — $ (394,387) _____________ (1) On January 9, 2020, Company completed an all cash tender offer for the acquisition of the remaining minority interest shares of Levi Strauss Japan K.K. Refer to Note 1 for additional information.

Net Revenues (Tables)

Net Revenues (Tables)	12 Months Ended
	Nov. 28, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below provides the Company's revenues disaggregated by segment and channel. Year Ended November 28, 2021 Levi's Brands Americas Europe Asia Other Brands Total (Dollars in thousands) Net revenues by channel: Wholesale $ 2,061,330 $ 1,003,844 $ 389,327 $ 206,901 $ 3,661,402 Direct-to-consumer 873,496 700,174 445,322 83,542 2,102,534 Total net revenues $ 2,934,826 $ 1,704,018 $ 834,649 $ 290,443 $ 5,763,936 Year Ended November 29, 2020 (1) Levi's Brands Americas Europe Asia Other Brands Total (Dollars in thousands) Net revenues by channel: Wholesale $ 1,500,043 $ 776,947 $ 291,880 $ 154,435 $ 2,723,305 Direct-to-consumer 687,856 614,817 371,511 55,120 1,729,304 Total net revenues $ 2,187,899 $ 1,391,764 $ 663,391 $ 209,555 $ 4,452,609 _____________ (1) For the year ended November 29, 2020, net revenues from both channels were adversely impacted by temporary store closures and reduced traffic and consumer demand as a result of the COVID-19 pandemic, with the majority of the impact occurring in the second quarter when most company-operated and wholesale customer doors were temporarily closed. See Note 1 for more information. Year Ended November 24, 2019 Levi's Brands Americas Europe Asia Other Brands Total (Dollars in thousands) Net revenues by channel: Wholesale $ 1,917,249 $ 958,633 $ 492,334 $ 292,303 $ 3,660,519 Direct-to-consumer 853,834 748,836 433,786 66,112 2,102,568 Total net revenues $ 2,771,083 $ 1,707,469 $ 926,120 $ 358,415 $ 5,763,087

Other Income, Net (Tables)

Other Income, Net (Tables)	12 Months Ended
	Nov. 28, 2021
Other Income and Expenses [Abstract]
Schedule of other nonoperating income (expense)	The following table summarizes significant components of "Other income (expense), net": Year Ended November 28, November 29, November 24, (Dollars in thousands) Foreign exchange management (losses) gains (1) $ (14,801) $ 2,299 $ 126 Foreign currency transaction gains (losses) (2) 5,859 (18,057) (6,231) Interest income 2,542 8,390 17,190 Investment income 2,499 1,243 1,509 Pension settlement losses (3) — (14,737) — Other 7,353 (1,612) (10,577) Total other income (expense), net $ 3,452 $ (22,474) $ 2,017 _____________ (1) Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in fiscal year 2021 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro and the Canadian Dollar. (2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in fiscal year 2020 were primarily due to the U.S. dollar weakening against most currencies during the year.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Nov. 28, 2021
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	The Company's income tax (benefit) expense differed from the amount computed by applying the U.S. federal statutory income tax rate to income before income taxes as follows: Year Ended November 28, November 29, November 24, (Dollars in thousands) Income tax expense at U.S. federal statutory rate $ 121,851 21.0 % $ (39,855) 21.0 % $ 100,293 21.0 % State income taxes, net of U.S. federal impact 9,012 1.6 % (5,246) 2.8 % 4,496 1.0 % Change in valuation allowance 2,573 0.4 % 18,271 (9.6) % (81) — % Impact of foreign operations, net (1) (3,650) (0.6) % (8,868) 4.7 % 7,132 1.5 % Foreign-derived intangible income benefit ("FDII") (65,955) (11.4) % — — % (11,918) (2.5) % Reassessment of tax liabilities (768) (0.1) % (1,531) 0.7 % (6,480) (1.4) % Stock-based compensation (36,871) (6.4) % (22,332) 11.8 % (15,730) (3.3) % Other, including non-deductible expenses 507 0.1 % 1,547 (0.8) % 4,892 1.0 % Change in tax law — — % (4,628) 2.4 % — — % Total $ 26,699 4.6 % $ (62,642) 33.0 % $ 82,604 17.3 % ___________ (1) Included in the Impact of foreign operations, net are foreign rate differential, Global Intangible Low-Taxed Income ("GILTI") and the tax impact of actual and deemed repatriations of foreign earnings net of foreign tax credits. Fiscal year 2021 also included $15.2 million of net tax benefits related to an international intellectual property transaction.
Schedule of income before income tax, domestic and foreign	The U.S. and foreign components of income before income taxes were as follows: Year Ended November 28, November 29, November 24, (Dollars in thousands) Domestic $ 197,460 $ (197,718) $ 120,692 Foreign 382,780 7,935 356,892 Total income before income taxes $ 580,240 $ (189,783) $ 477,584
Schedule of components of income tax expense (benefit)	Income tax expense consisted of the following: Year Ended November 28, November 29, November 24, (Dollars in thousands) U.S. Federal Current $ 12,885 $ 8,396 $ 13,182 Deferred (25,454) (79,676) (22,319) $ (12,569) $ (71,280) $ (9,137) U.S. State Current $ 7,845 $ 978 $ (2,939) Deferred 1,167 (6,435) 1,002 $ 9,012 $ (5,457) $ (1,937) Foreign Current $ 93,914 $ 23,228 $ 87,324 Deferred (63,658) (9,133) 6,354 $ 30,256 $ 14,095 $ 93,678 Consolidated Current $ 114,644 $ 32,602 $ 97,567 Deferred (87,945) (95,244) (14,963) Total income tax expense $ 26,699 $ (62,642) $ 82,604
Schedule of deferred tax assets and liabilities	The Company's deferred tax assets and deferred tax liabilities were as follows: November 28, November 29, (Dollars in thousands) Deferred tax assets Foreign tax credit carryforwards $ 147,817 $ 232,164 State net operating loss carryforwards 12,171 16,054 Foreign net operating loss carryforwards 53,320 58,644 Employee compensation and benefit plans 107,502 102,846 Advance royalties 114,451 10,021 Accrued liabilities 19,301 32,304 Sales returns and allowances 33,958 30,740 Inventory 26,160 25,380 Property, plant and equipment 65,601 — Unrealized foreign exchange gains or losses 4,099 18,665 Lease liability 284,591 251,285 Other 22,089 17,898 Total gross deferred tax assets 891,060 796,001 Less: Valuation allowance (45,971) (38,543) Deferred tax assets, net of valuation allowance 845,089 757,458 Deferred tax liabilities U.S. Branches (31,140) (25,330) Residual tax liability on unremitted foreign earnings (137) (7,940) Property, plant and equipment — (4,531) Right of use asset (256,606) (227,054) Total deferred tax liabilities (287,883) (264,855) Total net deferred tax assets $ 557,206 $ 492,603
Summary of valuation allowance	The following table details the changes in valuation allowance during the year ended November 28, 2021: Valuation Allowance at November 29, 2020 Changes in Related Gross Deferred Tax Asset Change / (Release) Valuation Allowance at November 28, 2021 (Dollars in thousands) Foreign tax credit and U.S. state net operating loss carryforwards $ 8,048 $ 1,201 $ — $ 9,249 Foreign net operating loss carryforwards and other foreign deferred tax assets 30,495 3,654 2,573 36,722 $ 38,543 $ 4,855 $ 2,573 $ 45,971
Schedule of unrecognized tax benefits roll forward	The following table reflects the changes to the Company's unrecognized tax benefits for the year ended November 28, 2021 and November 29, 2020: November 28, November 29, (Dollars in thousands) Unrecognized tax benefits beginning balance $ 32,286 $ 36,559 Increases related to current year tax positions 1,157 1,575 Increases related to tax positions from prior years 11 262 Decreases related to tax positions from prior years (1,709) (889) Settlement with tax authorities (446) (4,322) Lapses of statutes of limitation (396) (446) Other, including foreign currency translation (249) (453) Unrecognized tax benefits ending balance $ 30,654 $ 32,286

Earnings Per Share Attributab_2

Earnings Per Share Attributable to Common Stockholders Earnings Per Share Attributable to Common Stockholders (Tables)	12 Months Ended
	Nov. 28, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share: Year Ended November 28, November 29, November 24, (Dollars in thousands, except per share amounts) Numerator: Net income (loss) attributable to Levi Strauss & Co. $ 553,541 $ (127,141) $ 394,612 Denominator: Weighted-average common shares outstanding - basic 401,634,760 397,315,117 389,082,277 Dilutive effect of stock awards 8,143,409 — 19,283,625 Weighted-average common shares outstanding - diluted 409,778,169 397,315,117 408,365,902 Earnings (loss) per common share attributable to common stockholders: Basic $ 1.38 $ (0.32) $ 1.01 Diluted $ 1.35 $ (0.32) $ 0.97 Anti-dilutive securities excluded from calculation of diluted earnings per share attributable to common stockholders 12,973 — 174,923 Diluted net earnings (loss) per common share attributable to Levi Strauss & Co. for the year ended November 29, 2020 excluded all potentially dilutive securities because there was a net loss for the period and, as such, the inclusion of these securities would have been anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted earnings (loss) per common share were 23.2 million shares for the year ended November 29, 2020.

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Nov. 28, 2021
Segment Reporting [Abstract]
Reconciliation of operating profit (loss)	Business segment information for the Company is as follows: Year Ended November 28, November 29, 2020 (1) November 24, (Dollars in thousands) Net revenues: Americas $ 2,934,826 $ 2,187,899 $ 2,771,083 Europe 1,704,018 1,391,764 1,707,469 Asia 834,649 663,391 926,120 Other Brands 290,443 209,555 358,415 Total net revenues $ 5,763,936 $ 4,452,609 $ 5,763,087 Operating income (loss): Americas $ 660,230 $ 318,738 $ 519,686 Europe 396,386 207,866 350,067 Asia 35,097 (21,392) 87,490 Other Brands 10,431 (3,338) 7,172 Restructuring charges, net (8,287) (90,415) — Corporate expenses (2) (407,646) (496,578) (397,740) Total operating income (loss) 686,211 (85,119) 566,675 Interest expense (72,902) (82,190) (66,248) Underwriter commission paid on behalf of selling stockholders — — (24,860) Loss on early extinguishment of debt (36,521) — — Other income (expense), net (3) 3,452 (22,474) 2,017 Income (loss) before income taxes $ 580,240 $ (189,783) $ 477,584 ___________ (1) For the year ended November 29, 2020, the Company's business and results of operations were impacted by temporary store closures and reduced traffic and consumer demand as a result of the COVID-19 pandemic, with the majority of the impact occurring in the second quarter as most company-operated and wholesale customer doors were temporarily closed. Refer to Note 1 for more information. (2) Corporate expenses for the year ended November 29, 2020 includes incremental COVID-19 related charges that management does not attribute to any of the operating segments in order to provide increased transparency and comparability of segment performance. These charges include $42.3 million of incremental inventory reserves of which $26.3 million, $9.1 million and $6.9 million were related to the Americas, Europe and Asia segments, respectively, and charges for adverse fabric purchase commitments of $1.2 million related to the Asia segment. Net charges related to incremental allowance for doubtful accounts of $5.2 million were recognized, of which $5.0 million and $0.2 million were related to the Americas and Europe segments, respectively. Additionally, the Company recognized $58.7 million in impairment of long-lived assets related to certain retail locations, of which $50.0 million, $6.3 million and $2.4 million, were related to the Americas, Europe and Asia segments, respectively. Refer to Note 1 for additional information. (3) Includes $14.7 million in pension settlement losses in fiscal year 2020 related to the voluntary lump-sum, cash-out program offered to vested deferred U.S. pension plan participants. See Note 10 for further information.
Reconciliation of other significant reconciling items	Year Ended November 28, November 29, November 24, (Dollars in thousands) Depreciation and amortization expense: Americas $ 39,137 $ 49,689 $ 41,288 Europe 23,325 22,877 22,897 Asia 13,259 12,656 11,875 Other Brands and Corporate 67,446 56,573 47,882 Total depreciation and amortization expense $ 143,167 $ 141,795 $ 123,942
Reconciliation of assets	November 28, 2021 Americas Europe Asia Unallocated Consolidated Total (Dollars in thousands) Assets: Inventories $ 429,527 $ 175,732 $ 154,864 $ 137,827 $ 897,950 All other assets — — — 5,002,119 5,002,119 Total assets $ 5,900,069 November 29, 2020 Americas Europe Asia Unallocated Consolidated Total (Dollars in thousands) Assets: Inventories $ 352,648 $ 165,516 $ 162,244 $ 137,284 $ 817,692 All other assets — — — 4,823,549 4,823,549 Total assets $ 5,641,241
Reconciliation of revenue	Geographic information for the Company was as follows: Year Ended November 28, November 29, November 24, (Dollars in thousands) Net revenues: United States $ 2,594,482 $ 1,943,522 $ 2,525,325 Foreign countries 3,169,454 2,509,087 3,237,762 Total net revenues $ 5,763,936 $ 4,452,609 $ 5,763,087 Net deferred tax assets: United States $ 422,013 $ 404,800 $ 327,980 Foreign countries 151,101 92,756 79,925 Total net deferred tax assets $ 573,114 $ 497,556 $ 407,905 Long-lived assets: United States $ 358,497 $ 317,102 $ 376,883 Foreign countries 174,097 168,437 194,762 Total long-lived assets $ 532,594 $ 485,539 $ 571,645

Significant Accounting Polici_3

Significant Accounting Policies - Narrative (Details) $ / shares in Units, $ in Thousands	Mar. 19, 2019USD ($)	Jan. 20, 2022USD ($)$ / sharesshares	Dec. 31, 2019USD ($)store	Mar. 31, 2019USD ($)$ / sharesshares	Nov. 28, 2021USD ($)segment$ / sharesshares	Nov. 28, 2021USD ($)$ / sharesshares	Nov. 29, 2020USD ($)$ / sharesshares	Nov. 29, 2020USD ($)¥ / shares$ / sharesshares	Nov. 24, 2019USD ($)	Feb. 12, 2019classvote$ / sharesshares	Nov. 25, 2018USD ($)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of reportable segments | segment					3
Restructuring charges						$ 8,287	$ 90,415		$ 0
COVID-19 related inventory costs							68,500
Other Restructuring Costs							91,100
Percent of Stores With In-store or Curb-side Service					99.00%	99.00%
Payments to acquire business						$ (390,915)	(54,570)		0
Goodwill acquired			$ 22,800			125,419	24,362
Customer Relationships			$ 9,200
Selling, general and administrative expenses						2,652,213	2,347,628		2,534,698
Net income						553,541	(127,141)		394,612
Share-based compensation expense						64,900	51,300		79,000
Reclassification to temporary equity									(23,845)
Advertising expense						434,500	331,400		399,300
Operating lease liabilities					$ 1,214,851	1,214,851
Operating lease right-of-use assets, net					1,103,705	1,103,705	988,801	$ 988,801
Number of stores acquired | store			78
COVID related accounts receivable charges							17,700
COVID related accounts receivable charges reversal							5,200
Reduction to inventory valuation					2,300	2,300	$ 42,300	42,300
Share repurchase program, authorized amount					200,000	$ 200,000
Shares repurchased (in shares) | shares						3,400,000	3,000,000
Repurchased value						$ 88,400	$ 56,200
Average repurchase price (in dollars per share) | $ / shares						$ 25.78	$ 18.73
Distribution costs						$ 244,600	$ 198,300		227,400
Cumulative effect of adoption of new accounting standards (2)					1,665,661	1,665,661	1,299,475	1,299,475	1,571,557		$ 667,459
Charges Incurred by COVID							250,000
Accounts Receivable, Allowance for Credit Loss, Current					$ 11,600	11,600	$ 14,700	$ 14,700
COVID-19
Error Corrections and Prior Period Adjustments Restatement [Line Items]
COVID related accounts receivable charges reversal						$ (12,500)
Cumulative Effect, Period of Adoption, Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cumulative effect of adoption of new accounting standards (2)									5,423
The Jeans Company
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Payments to acquire business			$ 52,200
Subsequent Event
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Shares repurchased (in shares) | shares		1,800,000
Repurchased value		$ 43,600
Average repurchase price (in dollars per share) | $ / shares		$ 24.68
Levi Strauss Japan K.K.
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Minority interest (percent)							16.40%	16.40%
Common stock, purchase price (usd per share) | ¥ / shares								$ 1,570
Cash tender offer for acquisition of minority interest							$ 13,600
2019 Equity Incentive Plan
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of shares authorized (shares) | shares					40,000,000	40,000,000
Additional Paid-In Capital
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Reclassification to temporary equity	$ 351,200								(506)
Cumulative effect of adoption of new accounting standards (2)					$ 584,774	$ 584,774	626,243	$ 626,243	657,659		0
Accumulated Other Comprehensive Loss
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cumulative effect of adoption of new accounting standards (2)					$ (394,387)	$ (394,387)	$ (441,446)	$ (441,446)	(404,986)		$ (424,584)
Accumulated Other Comprehensive Loss | Cumulative Effect, Period of Adoption, Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cumulative effect of adoption of new accounting standards (2)									$ (54,444)
IPO
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of classes of common stock | class										2
IPO | Accrues Salaries, Wages and Employee Benefits
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Share-based compensation expense	45,800
IPO | Other Noncurrent Liabilities
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Share-based compensation expense	$ 10,300
Common Class A
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock, par value (usd per share) | $ / shares					$ 0.001	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized (shares) | shares					1,200,000,000	1,200,000,000	1,200,000,000	1,200,000,000
Common Class A | 2019 Equity Incentive Plan
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of shares authorized (shares) | shares										40,000,000
Common Class A | 2019 Employee Stock Purchase Plan
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of shares authorized (shares) | shares										12,000,000
Common Class A | IPO
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Selling, general and administrative expenses				$ 3,500
Common stock, par value (usd per share) | $ / shares										$ 0.001
Common stock, authorized (in shares) | shares				14,960,557
Shares issued and sold (usd per share) | $ / shares				$ 17
Net proceeds				$ 234,600
Underwriting discounts and commissions paid				13,600
Offering expenses				6,100
Underwriting discounts and commissions paid on behalf of selling stockholder				$ 24,900
Number of votes per share of common stock | vote										1
Common Class B
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock, shares authorized (shares) | shares					422,000,000	422,000,000	422,000,000	422,000,000
Common Class B | IPO
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock, par value (usd per share) | $ / shares										$ 0.001
Number of votes per share of common stock | vote										10

Significant Accounting Polici_4

Significant Accounting Policies - Property, Plant and Equipment (Details)	12 Months Ended
	Nov. 28, 2021
Building [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Building [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Machinery and equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Machinery and equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Software Development [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Software Development [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years

Significant Accounting Polici_5

Significant Accounting Policies - Revenue Recognition (Details) - Sales Revenue, Services, Net	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Product Concentration Risk | License
Revenue, Major Customer [Line Items]
Concentration risk, percentage	2.00%
Customer Concentration Risk | Ten Largest Customers
Revenue, Major Customer [Line Items]
Concentration risk, percentage	32.00%	29.00%	26.00%

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 9,141	$ 3,882
Work-in-progress	3,603	4,725
Finished goods	885,206	809,085
Inventories	$ 897,950	$ 817,692

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,633,260	$ 1,557,703
Accumulated depreciation	(1,130,698)	(1,103,171)
PP&E, net	502,562	454,532
Depreciation expense	142,100	136,600	$ 123,900
Asset impairment charges	21,871	66,987	$ 2,388
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,238	8,564
Buildings and leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	472,240	477,521
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	487,356	486,931
Capitalized internal-use software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	597,644	560,539
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	67,782	24,148
Building and Leasehold Improvements and Computer Software, Intangible Asset
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 11,000	$ 23,600

Acquisitions - Recognized Ident

Acquisitions - Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 21, 2021	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Business Acquisition [Line Items]
Goodwill		$ 386,880	$ 264,768	$ 235,788
Inventory markup		$ 84,670	$ (93,096)	$ 22,434
Beyond Yoga
Business Acquisition [Line Items]
Cash	$ 1,491
Accounts receivable	5,028
Inventory	18,706
Prepaid expenses and other current assets	509
Property, plant and equipment	760
Operating lease right-of-use assets	5,877
Goodwill	123,658
Intangible assets	245,507
Other non-current assets	463
Total assets acquired	401,999
Accounts payable	4,267
Other accrued liabilities	2,256
Operating lease liabilities	5,877
Total liabilities assumed	12,400
Net assets acquired	389,599
Inventory markup	$ 5,900

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands	Nov. 28, 2021USD ($)	Dec. 31, 2019USD ($)storee-commerce_site	Nov. 28, 2021USD ($)	Nov. 29, 2020USD ($)	Nov. 24, 2019USD ($)	Nov. 28, 2024USD ($)	Sep. 21, 2021USD ($)
Business Acquisition [Line Items]
Payments to acquire business			$ (390,915)	$ (54,570)	$ 0
Number of stores acquired | store		78
Goodwill acquired		$ 22,800	$ 125,419	$ 24,362
Intangible assets acquired		9,200
Beyond Yoga
Business Acquisition [Line Items]
Intangible asset							$ 245,507
Acquisition-related compensation	$ 962
Acquisition-related compensation, vesting period	3 years
Beyond Yoga | Trademark
Business Acquisition [Line Items]
Intangible asset							$ 215,969
The Jeans Company
Business Acquisition [Line Items]
Payments to acquire business		$ 52,200
Number of e-commerce sites acquired | e-commerce_site		1
Forecast | Beyond Yoga
Business Acquisition [Line Items]
Acquisition-related compensation						$ 15,000

Acquisitions - Finite-Lived and

Acquisitions - Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination (Details) - Beyond Yoga $ in Thousands	Sep. 21, 2021USD ($)
Business Acquisition [Line Items]
Intangible assets	$ 245,507
Trademark
Business Acquisition [Line Items]
Intangible assets	215,969
Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 29,538
Weighted average estimated useful life	8 years 2 months 12 days

Acquisitions - Acquisition Rela

Acquisitions - Acquisition Related Expenses (Details) - Beyond Yoga - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 28, 2024
Business Acquisition [Line Items]
Transaction and integration costs	$ 2,835
Acquisition-related compensation	962
Total	$ 3,797
Forecast
Business Acquisition [Line Items]
Acquisition-related compensation		$ 15,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2019	Nov. 28, 2021	Nov. 29, 2020
Goodwill [Roll Forward]
Beginning balance		$ 264,768	$ 235,788
Additions(2)	$ 22,800	125,419	24,362
Foreign currency fluctuation		(3,307)	4,618
Ending balance		386,880	264,768
Americas
Goodwill [Roll Forward]
Beginning balance		232,976	207,749
Additions(2)		0	22,445
Foreign currency fluctuation		(1,597)	2,782
Ending balance		231,379	232,976
Europe
Goodwill [Roll Forward]
Beginning balance		28,670	26,535
Additions(2)		1,761	207
Foreign currency fluctuation		(1,639)	1,928
Ending balance		28,792	28,670
Asia
Goodwill [Roll Forward]
Beginning balance		3,122	1,504
Additions(2)		0	1,710
Foreign currency fluctuation		(71)	(92)
Ending balance		3,051	3,122
Other Brands
Goodwill [Roll Forward]
Beginning balance		0	0
Additions(2)		123,658	0
Foreign currency fluctuation		0	0
Ending balance		$ 123,658	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Amortized intangible assets
Accumulated Amortization	$ (6,042)	$ (5,103)
Finite-lived intangible assets, net, total	32,620
Total intangible assets, gross carrying values	297,374	52,529
Intangible assets, total	291,332	47,426
Amortization of Intangible Assets	1,100	5,200
2022	4,400
Acquired contractual rights
Amortized intangible assets
Gross Carrying Value	38,662	9,786
Accumulated Amortization	(6,042)	(5,103)
Finite-lived intangible assets, net, total	$ 32,620	4,683
Acquired contractual rights | Minimum
Amortized intangible assets
Finite-lived intangible asset, useful life	5 years
Acquired contractual rights | Maximum
Amortized intangible assets
Finite-lived intangible asset, useful life	11 years
Trademark
Schedule of Acquired Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
Trademarks	$ 258,712	$ 42,743

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Nov. 28, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 4,400
2023	4,400
2024	4,400
2025	4,400
2026	4,043
Thereafter	10,977
Finite-lived intangible assets, net, total	$ 32,620

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Fair Value [Member]
Financial liabilities carried at fair value
Derivative liability	$ 13,255	$ 10,735
Fair Value [Member] | Level 1 Inputs [Member]
Financial liabilities carried at fair value
Derivative liability	0	0
Fair Value [Member] | Level 2 Inputs [Member]
Financial liabilities carried at fair value
Derivative liability	13,255	10,735
Recurring [Member] | Level 1 Inputs [Member]
Financial assets carried at fair value
Rabbi trust assets	80,188	71,184
Short-term investments in marketable securities		0
Forward foreign exchange contracts	0	0
Total	80,188	71,184
Financial liabilities carried at fair value
Forward foreign exchange contracts	0	0
Recurring [Member] | Level 2 Inputs [Member]
Financial assets carried at fair value
Rabbi trust assets	0	0
Short-term investments in marketable securities	91,550	96,531
Forward foreign exchange contracts	27,512	4,904
Total	119,062	101,435
Financial liabilities carried at fair value
Forward foreign exchange contracts	13,255	10,735
Recurring [Member] | Fair Value [Member]
Financial assets carried at fair value
Rabbi trust assets	80,188	71,184
Short-term investments in marketable securities	91,550	96,531
Forward foreign exchange contracts	27,512	4,904
Total	199,250	172,619
Financial liabilities carried at fair value
Forward foreign exchange contracts	13,255	10,735
Derivative liability	$ 1,050,678	$ 1,617,044

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Available for Sale Investments (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	$ 146,696	$ 148,176
Unrealized Gains	25,122	19,548
Unrealized Losses	(80)	(9)
Fair Value	171,738	167,715
Current Assets
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	94,298	102,433
Unrealized Gains	1,432	2,872
Unrealized Losses	(80)	(9)
Fair Value	95,650	105,296
Rabbi trust assets | Prepaid Expenses and Other Current Assets
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	2,823	6,423
Unrealized Gains	1,277	2,342
Unrealized Losses	0	0
Fair Value	4,100	8,765
Rabbi trust assets | Other Noncurrent Assets
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	52,398	45,743
Unrealized Gains	23,690	16,676
Unrealized Losses	0	0
Fair Value	76,088	62,419
Short-term investments in marketable securities | Short-term Investments
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	91,475	96,010
Unrealized Gains	155	530
Unrealized Losses	(80)	(9)
Fair Value	$ 91,550	$ 96,531

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Adjusted Historical Cost (Details) € in Millions	Nov. 28, 2021USD ($)	Feb. 28, 2021USD ($)	Nov. 29, 2020USD ($)	Apr. 30, 2020USD ($)	Feb. 28, 2017EUR (€)	Apr. 27, 2015USD ($)
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%					5.00%
Face amount				$ 500,000,000		$ 500,000,000
Senior notes [Member] | 3.375% Senior Notes Due 2027 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	3.375%				3.375%
Face amount | €					€ 475
Senior notes [Member] | 3.50% Senior Notes Due 2031
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	3.50%	3.50%
Face amount		$ 500,000,000
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total financial liabilities carried at adjusted historical cost	$ 13,255,000		$ 10,735,000
Recurring [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	5,862,000		17,648,000
Total financial liabilities carried at adjusted historical cost	1,034,579,000		1,572,240,000
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	0		990,280,000
Recurring [Member] | Carrying Value [Member] | Senior notes [Member] | 3.375% Senior Notes Due 2027 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	531,382,000		564,312,000
Recurring [Member] | Carrying Value [Member] | Senior notes [Member] | 3.50% Senior Notes Due 2031
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	497,335,000		0
Recurring [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	5,862,000		17,648,000
Total financial liabilities carried at adjusted historical cost	1,050,678,000		1,617,044,000
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	0		1,016,169,000
Recurring [Member] | Fair Value [Member] | Senior notes [Member] | 3.375% Senior Notes Due 2027 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	541,935,000		583,227,000
Recurring [Member] | Fair Value [Member] | Senior notes [Member] | 3.50% Senior Notes Due 2031
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	$ 502,881,000		$ 0

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Balance Sheet (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Foreign Exchange Contract [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	$ 54,400	$ 11,426
Derivative asset, gross liability	(10,152)	(6,578)
Derivative asset, net	44,248	4,848
Derivative liability, gross asset	10,152	6,578
Derivative Liability, gross liability	(40,143)	(17,257)
Derivative Liability, net	(29,991)	(10,679)
Derivative, Fair Value, Net	14,257	(5,831)
Long [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Forward foreign exchange contracts to sell	952,400
Short [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Forward foreign exchange contracts to sell	394,100
Designated as Hedging Instrument [Member] | Carrying Value [Member] | Bonds [Member] | Yen-denominated Eurobonds due 2016 [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Hedging assets	0	0
Hedging liabilities	(532,285)	(565,820)
Not Designated as Hedging Instrument [Member] | Carrying Value [Member] | Forward foreign exchange contracts [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, net	29,542	9,937
Derivative Liability, net	(38,113)	(12,221)
Not Designated as Hedging Instrument [Member] | 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	27,512	4,902
Derivative liability, gross asset	(24,858)	(1,487)
Derivative asset, Net Carrying Value	2,654	3,415
Not Designated as Hedging Instrument [Member] | 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 asset, gross liability	2,030	5,035
Derivative Liability, gross liability	(13,255)	(10,734)
Derivative liability, Net Carrying Value	(11,225)	(5,699)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Carrying Value [Member] | Forward foreign exchange contracts [Member]
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, net	24,858	1,489
Derivative Liability, net	(2,030)	(5,036)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | 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	24,858	1,489
Derivative liability, gross asset	0	0
Derivative asset, Net Carrying Value	24,858	1,489
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | 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 asset, gross liability	0	0
Derivative Liability, gross liability	(2,030)	(5,036)
Derivative liability, Net Carrying Value	$ (2,030)	$ (5,036)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Income Statement (Details) - USD ($)	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Cumulative income taxes, gain or (loss) recognized in AOCI	$ 15,157,000	$ 31,350,000
Total, gain or (loss) recognized in AOCI	(20,914,000)	(74,456,000)
Cumulative income taxes, gain or (loss) reclassified from AOCI	0	0	$ 0
Yen-denominated Eurobonds due 2016 [Member] | Bonds [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-derivative hedging instruments-gain or (loss) recognized in AOCI	(19,811,000)	(19,811,000)
Non-derivative hedging instruments-gain or (loss) recognized in other income	0	0	0
Euro Senior Notes [Member] | Senior notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-derivative hedging instruments-gain or (loss) recognized in AOCI	(45,201,000)	(78,736,000)
Non-derivative hedging instruments-gain or (loss) recognized in other income	0	0	0
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Forward foreign exchange contracts, gain of (loss) recognized in AOCI	24,304,000	(11,896,000)
Forward foreign exchange contracts, gain or (loss) reclassified from AOCI	(19,277,000)	13,182,000	3,418,000
Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Forward foreign exchange contracts, gain of (loss) recognized in AOCI	4,637,000	4,637,000
Forward foreign exchange contracts, gain or (loss) reclassified from AOCI	$ 0	$ 0	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Realized & Unrealized (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedged expected to be reclassified from AOCI into net income within next 12 months	$ 16,400
Net revenues
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	(4,323)	$ 1,814	$ (3,908)
Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	(14,954)	11,368	7,326
Foreign Exchange Contract [Member] | Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Realized	(9,744)	8,049	8,164
Unrealized	(5,057)	(5,750)	(8,038)
Total	$ (14,801)	$ 2,299	$ 126

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Other Liabilities Disclosure [Abstract]
Accrued advertising and promotion	$ 111,086	$ 80,272
Accrued interest payable	8,281	8,235
Accrued rent	16,612	22,045
Fabric liabilities	4,625	25,493
Fair value derivatives	13,246	10,390
Taxes other than income taxes payable	48,278	34,555
Other	373,774	296,011
Other Accrued Liabilities	$ 575,902	$ 477,001

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Feb. 28, 2021	Nov. 29, 2020	Feb. 28, 2017	Apr. 27, 2015
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, excluding current maturities	$ 1,020,700		$ 1,546,700
Short-term debt	5,862		17,631
Long-term and short-term debt	1,026,562		1,564,331
Short-term borrowings [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Short-term debt	5,862		17,631
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	$ 0		986,252
Stated interest rate	5.00%				5.00%
3.375% Senior Notes Due 2027 [Member] | Senior notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, excluding current maturities	$ 527,644		560,448
Stated interest rate	3.375%			3.375%
3.50% Senior Notes Due 2031 | Senior notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Stated interest rate	3.50%	3.50%
Long-term Debt	$ 493,056		$ 0

Debt - Narrative (Details)

Debt - Narrative (Details) € in Millions	Feb. 28, 2017EUR (€)	Sep. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Feb. 28, 2021USD ($)	Nov. 28, 2021USD ($)	Nov. 29, 2020USD ($)	Nov. 24, 2019USD ($)	Mar. 15, 2022	Apr. 30, 2020USD ($)	Apr. 27, 2015USD ($)
Debt Instruments [Line Items]
Remaining borrowing capacity					$ 794,300,000
Debt outstanding					806,600,000
Losses on extinguishment of debt					$ 36,521,000	$ 0	$ 0
Interest rate during period					4.32%	4.75%	5.31%
Other Credit Usage [Member]
Debt Instruments [Line Items]
Letters of credit amount outstanding					$ 2,600,000
Standby Letters of Credit [Member]
Debt Instruments [Line Items]
Letters of credit amount outstanding					9,700,000
Senior revolving credit facility [Member]
Debt Instruments [Line Items]
Maximum borrowing capacity					$ 850,000,000
Maximum borrowing capacity, percentage of net orderly liquidation value					65.00%
Rate for undrawn availability					0.20%
Letter of credit facility, coverage ratio					1
Letter of credit facility, default in other indebtedness, minimum					$ 50,000,000
Senior revolving credit facility [Member] | The Second Amended and Restated Credit Agreement [Member]
Debt Instruments [Line Items]
Maximum borrowing capacity					$ 1,600,000,000
Letter of credit facility, coverage ratio					3.25
Senior revolving credit facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Debt Instruments [Line Items]
Basis spread on variable rate					1.25%
Senior revolving credit facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum
Debt Instruments [Line Items]
Basis spread on variable rate					1.75%
Senior revolving credit facility [Member] | Secured Debt [Member]
Debt Instruments [Line Items]
Maximum borrowing capacity					$ 150,000,000
Senior revolving credit facility [Member] | United States of America, Dollars [Member]
Debt Instruments [Line Items]
Maximum borrowing capacity					800,000,000
Senior revolving credit facility [Member] | United States of America, Dollars or Canada, Dollars [Member]
Debt Instruments [Line Items]
Maximum borrowing capacity					$ 50,000,000
Senior notes [Member] | 3.375% Senior Notes Due 2027 [Member]
Debt Instruments [Line Items]
Face amount | €	€ 475
Stated interest rate	3.375%				3.375%
Redemption price as a result of a change in control (percent)	101.00%
Debt Default, percentage of principal amount	25.00%
Senior notes [Member] | 3.375% Senior Notes Due 2027 [Member] | Forecast
Debt Instruments [Line Items]
Issuance price percentage of face value if exercised								100.00%
Senior notes [Member] | 5.00% Senior Notes, Due 2025 [Member]
Debt Instruments [Line Items]
Face amount									$ 500,000,000	$ 500,000,000
Payments to redeem debt			$ 800,000,000
Call premium of retired debt		$ 3,300,000	20,000,000
Extinguishment of debt		200,000,000
Stated interest rate					5.00%					5.00%
Losses on extinguishment of debt		$ 6,200,000	$ 30,100,000
Senior notes [Member] | 3.50% Senior Notes Due 2031
Debt Instruments [Line Items]
Face amount				$ 500,000,000
Stated interest rate				3.50%	3.50%
Debt covenant, repurchase of debt				101.00%
Senior notes [Member] | 3.50% Senior Notes Due 2031 | Debt Instrument, Redemption, Period One
Debt Instruments [Line Items]
Maximum percent of principle amount that can be redeemed				40.00%
Redemption price				103.50%

Debt - Principal Payments on Sh

Debt - Principal Payments on Short-term and Long-Term Debt (Details) $ in Thousands	Nov. 28, 2021USD ($)
Maturities of Long-term and Short-term Debt [Abstract]
2020	$ 5,862
2021	0
2022	0
2023	0
2024
Thereafter	1,032,285
Total future debt principal payments	$ 1,038,147

Employee Benefit Plans - Benefi

Employee Benefit Plans - Benefit obligations in excess of fair value of plan assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Pension plans, defined benefit [Member]
Change in benefit obligation [Roll Forward]
Benefit obligation at beginning of year	$ 1,264,629	$ 1,261,763
Service cost	4,398	4,026	$ 3,377
Interest cost	19,349	30,643	41,341
Plan participants' contribution	652	689
Plan combinations	2,845	0
Actuarial loss (gain)	(26,982)	87,443
Net curtailment loss (gain)	37	(1,009)
Impact of foreign currency changes	(5,958)	10,899
Plan settlements	0	(64,525)
Net benefits paid	(66,907)	(65,300)
Benefit obligation at end of year	1,192,063	1,264,629	1,261,763
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1,153,291	1,091,162
Actual return on plan assets	33,478	161,856
Employer contribution	11,943	20,865
Plan participants' contributions	652	689
Plan settlements	0	(64,525)
Impact of foreign currency changes	(3,284)	8,544
Net benefits paid	(66,907)	(65,300)
Fair value of plan assets at end of year	1,129,173	1,153,291	1,091,162
Unfunded status at end of year	(62,890)	(111,338)
Other postretirement benefit plans, defined benefit [Member]
Change in benefit obligation [Roll Forward]
Benefit obligation at beginning of year	67,361	72,135
Service cost	21	48	65
Interest cost	829	1,665	3,042
Plan participants' contribution	4,027	4,282
Plan combinations	0	0
Actuarial loss (gain)	(3,059)	1,531
Net curtailment loss (gain)	0	0
Impact of foreign currency changes	0	0
Plan settlements	0	0
Net benefits paid	(11,342)	(12,300)
Benefit obligation at end of year	57,837	67,361	72,135
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contribution	7,315	8,018
Plan participants' contributions	4,027	4,282
Plan settlements	0	0
Impact of foreign currency changes	0	0
Net benefits paid	(11,342)	(12,300)
Fair value of plan assets at end of year	0	0	$ 0
Unfunded status at end of year	$ (57,837)	$ (67,361)

Employee Benefit Plans - Amount

Employee Benefit Plans - Amounts recognized in balance sheet (Details) - USD ($)	Nov. 28, 2021	Nov. 29, 2020
Pension plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Assets for Plan Benefits, Defined Benefit Plan	$ 98,278,000	$ 62,161,000
Accrued benefit liability – current portion(2)	(9,770,000)	(9,663,000)
Accrued benefit liability – long-term portion(2)	(151,398,000)	(163,836,000)
Amount recognized in balance sheet	(62,890,000)	(111,338,000)
Accumulated other comprehensive loss:
Net actuarial loss	(264,729,000)	(296,330,000)
Net prior service benefit	182,000	259,000
Other comprehensive income (loss)	(264,547,000)	(296,071,000)
Other postretirement benefit plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Assets for Plan Benefits, Defined Benefit Plan	0	0
Accrued benefit liability – current portion(2)	(6,398,000)	(7,112,000)
Accrued benefit liability – long-term portion(2)	(51,439,000)	(60,249,000)
Amount recognized in balance sheet	(57,837,000)	(67,361,000)
Accumulated other comprehensive loss:
Net actuarial loss	(8,956,000)	(12,491,000)
Net prior service benefit	0	0
Other comprehensive income (loss)	$ (8,956,000)	$ (12,491,000)

Employee Benefit Plans - Accumu

Employee Benefit Plans - Accumulated benefit obligations in excess of fair value of plan assets (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Accumulated benefit obligations in excess of plan assets [Abstract]
Aggregate accumulated benefit obligation	$ 158,815	$ 168,390
Projected benefit obligations in excess of plan assets [Abstract]
Aggregate projected benefit obligation	162,243	222,055
Aggregate fair value of plan assets	$ 1,102	$ 48,578

Employee Benefit Plans - Define

Employee Benefit Plans - Defined benefit plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Pension plans, defined benefit [Member]
Net periodic benefit (income) cost:
Service cost	$ 4,398	$ 4,026	$ 3,377
Interest cost	19,349	30,643	41,341
Expected return on plan assets	(36,635)	(41,189)	(42,098)
Amortization of prior service benefit	(65)	(62)	(61)
Amortization of actuarial loss	10,428	13,407	13,306
Curtailment loss (gain)	37	(650)	13
Net settlement loss (gain)	29	14,699	(56)
Net periodic benefit (income) cost	(2,459)	20,874	15,822
Changes in accumulated other comprehensive loss:
Actuarial (gain) loss	(21,132)	(34,821)	6,309
Amortization of prior service benefit (cost)	65	62	61
Amortization of actuarial loss	(10,428)	(13,407)	(13,306)
Curtailment gain	0	742	0
Net settlement (loss) gain	(29)	(14,699)	56
Total recognized in accumulated other comprehensive loss	(31,524)	(62,123)	(6,880)
Total recognized in net periodic benefit cost and accumulated other comprehensive loss	(33,983)	(41,249)	8,942
Other postretirement benefit plans, defined benefit [Member]
Net periodic benefit (income) cost:
Service cost	21	48	65
Interest cost	829	1,665	3,042
Expected return on plan assets	0	0	0
Amortization of prior service benefit	0	0	0
Amortization of actuarial loss	476	324	465
Curtailment loss (gain)	0	0	0
Net settlement loss (gain)	0	0	0
Net periodic benefit (income) cost	1,326	2,037	3,572
Changes in accumulated other comprehensive loss:
Actuarial (gain) loss	(3,059)	1,531	(2,903)
Amortization of prior service benefit (cost)	0	0	0
Amortization of actuarial loss	(476)	(324)	(465)
Curtailment gain	0	0	0
Net settlement (loss) gain	0	0	0
Total recognized in accumulated other comprehensive loss	(3,535)	1,207	(3,368)
Total recognized in net periodic benefit cost and accumulated other comprehensive loss	$ (2,209)	$ 3,244	$ 204

Employee Benefit Plans - Assump

Employee Benefit Plans - Assumptions used (Details)	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Pension plans, defined benefit [Member]
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	2.10%	2.80%	4.10%
Expected long-term rate of return on plan assets	3.30%	3.80%	4.60%
Rate of compensation increase	3.30%	3.30%	3.40%
Weighted-average assumptions used to determine benefit obligations:
Discount rate	2.40%	2.10%	2.80%
Rate of compensation increase	3.50%	3.30%	3.30%
Other postretirement benefit plans, defined benefit [Member]
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	2.00%	2.80%	4.20%
Weighted-average assumptions used to determine benefit obligations:
Discount rate	2.40%	2.00%	2.80%
Assumed health care cost trend rates were as follows:
Health care trend rate assumed for next year	5.90%	5.40%	5.70%
Rate trend to which the cost trend is assumed to decline	3.90%	4.40%	4.40%
Year that rate reaches the ultimate trend rate	2044	2037	2037

Employee Benefit Plans - Fair v

Employee Benefit Plans - Fair values of pension plan assets (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 2,383	$ 2,337
Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,126,608	1,150,726
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	182	228
Cash and cash equivalents [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,383	2,337
Cash and cash equivalents [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and cash equivalents [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. large cap [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. large cap [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	54,109	74,850
U.S. large cap [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. small cap [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. small cap [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,710	14,343
U.S. small cap [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	87,830	143,408
International [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed income securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed income securities [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	939,932	859,323
Fixed income securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20,704	41,699
Real estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Private equity [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Private equity [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Private equity [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	182	228
Hedge funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Hedge funds [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12,473	11,692
Hedge funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other [Member] | Significant Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,850	5,411
Other [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,129,173	1,153,291
Fair Value [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,383	2,337
Fair Value [Member] | U.S. large cap [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	54,109	74,850
Fair Value [Member] | U.S. small cap [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,710	14,343
Fair Value [Member] | International [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	87,830	143,408
Fair Value [Member] | Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	939,932	859,323
Fair Value [Member] | Real estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20,704	41,699
Fair Value [Member] | Private equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	182	228
Fair Value [Member] | Hedge funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12,473	11,692
Fair Value [Member] | Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 3,850	$ 5,411

Employee Benefit Plans - Expect

Employee Benefit Plans - Expected benefit payments (Details) $ in Thousands	Nov. 28, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
2022	$ 78,565
2023	77,484
2024	77,511
2025	75,155
2026	74,053
2027-2031	348,670
Pension plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
2022	71,382
2023	70,829
2024	71,281
2025	69,352
2026	68,757
2027-2031	328,897
Other postretirement benefit plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
2022	7,183
2023	6,655
2024	6,230
2025	5,803
2026	5,296
2027-2031	$ 19,773

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 1,200,000	$ 1,300,000
Expected duration of returns for the plan	20 years
Estimated future employer contributions in next fiscal year	$ 12,200
United States
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 909,400
United States | Equity Securities and Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	15.00%
United States | Equity Securities and Real Estate [Member] | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, allowable deviation	4.00%
United States | Equity Securities and Real Estate [Member] | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, allowable deviation	4.00%
United States | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	85.00%
United States | Fixed Income Securities [Member] | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, allowable deviation	4.00%
United States | Fixed Income Securities [Member] | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, allowable deviation	4.00%
Foreign pension plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 219,700
Pension plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,129,173	1,153,291	$ 1,091,162
Other postretirement benefit plans, defined benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0	$ 0

Employee Investment Plans (Deta

Employee Investment Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Disclosure of Employee Investment Plans [Abstract]
ESIP Employer contributions match (percent)	125.00%
ESIP Employer contribution match, percent of employee's eligible compensation, maximum (percent)	6.00%
ESIP Compensation expense	$ 16.9	$ 17.3	$ 16.3

Employee Incentive Compensation

Employee Incentive Compensation Plans (Details) - Annual Incentive Plan (AIP) [Member] - USD ($) $ in Millions	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Schedule of Employee Incentive Compensation Plans Disclosures [Line Items]
EICP Compensation expense (benefit)	$ 140.9	$ 51.8	$ 86.6
EICP Accrued liabilities	$ 134.4	$ 49

Stock-Based Incentive Compens_3

Stock-Based Incentive Compensation Plans - Narrative (Details) $ / shares in Units, shares in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2019shares	Nov. 28, 2021USD ($)installment$ / sharesshares	Nov. 29, 2020USD ($)$ / shares	Nov. 24, 2019USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 64,900,000	$ 51,300,000	$ 79,000,000
Tax benefit (expense) realized from exercise of stock options		15,400,000	12,600,000	19,500,000
Total compensation cost not yet recognized		$ 68,500,000
Total compensation cost not yet recognized, period for recognition		2 years 2 months 4 days
Selling, general and administrative expenses		$ 2,652,213,000	2,347,628,000	2,534,698,000
Net income		$ (553,541,000)	127,141,000	(394,612,000)
Number of shares available for grant (shares) | shares		31,600
Authorized amount, ESPP (shares) | shares	12,000
Fixed contribution rate	10.00%
ESPP purchase price of common stock, percent of market price	85.00%
Available for issuance, ESPP (shares) | shares		11,000
Stock-based Compensation Capitalized		$ 0
Service Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested in period		35,500,000	88,600,000	1,600,000
Performance Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested in period		28,400,000	49,000,000
Phantom Service Restricted Stock Unit Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized		$ 5,800,000
Total compensation cost not yet recognized, period for recognition		2 years 6 months
Award vesting rights, percentage, number of installments | installment		4
Minimum contractual term		3 years
Exercises in period, intrinsic value		$ 2,200,000	6,300,000	52,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted During Period, Fair Value		$ 4,800,000
Phantom Service Restricted Stock Unit Plan [Member] | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
Phantom Service Restricted Stock Unit Plan [Member] | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
Phantom Service Restricted Stock Unit Plan [Member] | Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
Phantom Service Restricted Stock Unit Plan [Member] | Share-based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
Phantom Performance Restricted Stock Unit Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized		$ 500,000
Total compensation cost not yet recognized, period for recognition		1 year 3 months 18 days
Exercises in period, intrinsic value		$ 600,000	300,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted During Period, Fair Value		$ 500,000
Phantom Performance Restricted Stock Unit Plan [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		200.00%
Phantom Service Restricted Stock Unit [Plan and Phantom Performance Restricted Stock Unit Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost accrual		$ 5,400,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage, number of installments | installment		3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted During Period, Fair Value		$ 2,000,000
Share-Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Fair Value		$ 12,700,000	9,900,000
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		13 months
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		24 months
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		36 months
2016 Equity Incentive Plan (EIP) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares) | shares		80,000
Contractual term		10 years
2016 Equity Incentive Plan (EIP) [Member] | Performance-Based Stock Appreciation Rights SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercises in period, intrinsic value		$ 45,364,000	30,953,000	27,776,000
2016 Equity Incentive Plan (EIP) [Member] | Service Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized		$ 3,900,000
Total compensation cost not yet recognized, period for recognition		1 year 10 months 24 days
Minimum contractual term		10 years
Exercises in period, intrinsic value		$ 119,509,000	$ 44,119,000	$ 54,045,000
2016 Equity Incentive Plan (EIP) [Member] | Service Stock Appreciation Rights (SARs) [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years 6 months
2016 Equity Incentive Plan (EIP) [Member] | Service Stock Appreciation Rights (SARs) [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
2016 Equity Incentive Plan (EIP) [Member] | Service Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized		$ 42,100,000
Total compensation cost not yet recognized, period for recognition		2 years 4 months 24 days
Weighted-average grant date fair value without a market condition (in dollars per unit) | $ / shares		$ 21.78	$ 18.80	$ 15.56
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized		$ 16,200,000
Total compensation cost not yet recognized, period for recognition		1 year 6 months
Award performance goal period		3 years
Award vesting rights, percentage, number of installments | installment		4
Weighted-average grant date fair value without a market condition (in dollars per unit) | $ / shares		$ 27.33
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member] | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member] | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member] | Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member] | Share-based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		25.00%
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		200.00%
2016 Equity Incentive Plan (EIP) [Member] | Performance RSUs Granted as Replacement Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value without a market condition (in dollars per unit) | $ / shares				$ 28.78
2019 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares) | shares		40,000
Contractual term		10 years

Stock-Based Incentive Compens_4

Stock-Based Incentive Compensation Plans - Activity (Details) - 2016 Equity Incentive Plan (EIP) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Performance Restricted Stock Units [Member]
Weighted-Average Remaining Contractual Life (Years) [Abstract]
Weighted Average Remaining Contractual Life (Years)	1 year 6 months	1 year
Service Stock Appreciation Rights (SARs) [Member]
Units [Roll Forward]
Beginning balance, Units	11,252
Granted, Units	565
Exercised, Units	(5,932)
Forfeited, Units	(94)
Ending balance, Units	5,791	11,252
Vested and expected to vest, Units	5,780
Exercisable, Units	3,894
Weighted-Average Exercise Price [Roll Forward]
Beginning balance, Weighted-Average Exercise Price (in dollars per unit)	$ 8.72
Granted, Weighted-Average Exercise Price (in dollars per unit)	21.35
Exercised, Weighted-Average Exercise Price (in dollars per unit)	7.07
Forfeited, Weighted-Average Exercise Price (in dollars per unit)	17.81
Ending balance, Weighted-Average Exercise Price (in dollars per unit)	11.50	$ 8.72
Vested and expected to vest, Weighted-Average Exercise Price (in dollars per unit)	11.50
Exercisable, Weighted-Average Exercise Price (in dollars per unit)	$ 8.62
Weighted-Average Remaining Contractual Life (Years) [Abstract]
Weighted Average Remaining Contractual Life (Years)	4 years 4 months 24 days	3 years 3 months 18 days
Vested and expected to vest, Weighted Average Remaining Contractual Life (Years)	4 years 4 months 24 days
Exercisable, Weighted-Average Remaining Contractual Life (Years)	2 years 10 months 24 days
Aggregate Intrinsic Value [Abstract]
Vested and expected to vest	$ 90,820
Exercisable	$ 72,341
Performance-Based Stock Appreciation Rights SARs [Member]
Units [Roll Forward]
Beginning balance, Units	5,120
Granted, Units	0
Exercised, Units	(2,333)
Forfeited, Units	0
Ending balance, Units	2,787	5,120
Vested and expected to vest, Units	2,787
Exercisable, Units	2,787
Weighted-Average Exercise Price [Roll Forward]
Beginning balance, Weighted-Average Exercise Price (in dollars per unit)	$ 6.62
Granted, Weighted-Average Exercise Price (in dollars per unit)	0
Exercised, Weighted-Average Exercise Price (in dollars per unit)	7.25
Forfeited, Weighted-Average Exercise Price (in dollars per unit)	0
Ending balance, Weighted-Average Exercise Price (in dollars per unit)	6.10	$ 6.62
Vested and expected to vest, Weighted-Average Exercise Price (in dollars per unit)	6.10
Exercisable, Weighted-Average Exercise Price (in dollars per unit)	$ 6.10
Weighted-Average Remaining Contractual Life (Years) [Abstract]
Weighted Average Remaining Contractual Life (Years)	1 year 2 months 12 days	1 year 9 months 18 days
Vested and expected to vest, Weighted Average Remaining Contractual Life (Years)	1 year 2 months 12 days
Exercisable, Weighted-Average Remaining Contractual Life (Years)	1 year 2 months 12 days
Aggregate Intrinsic Value [Abstract]
Vested and expected to vest	$ 58,810
Exercisable	$ 58,810

Stock-Based Incentive Compens_5

Stock-Based Incentive Compensation Plans - Aggregate Intrinsic Value - Exercised (Details) - 2016 Equity Incentive Plan (EIP) [Member] - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Service Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercises in period, intrinsic value	$ 119,509	$ 44,119	$ 54,045
Performance-Based Stock Appreciation Rights SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercises in period, intrinsic value	$ 45,364	$ 30,953	$ 27,776

Stock-Based Incentive Compens_6

Stock-Based Incentive Compensation Plans - Fair Value Assumptions (Details) - 2016 Equity Incentive Plan (EIP) [Member] - $ / shares	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Performance Restricted Stock Units [Member]
Fair Value Assumptions [Abstract]
Granted, Weighted-Average Fair Value (in dollars per unit)	$ 27.33
Service Restricted Stock Units [Member]
Fair Value Assumptions [Abstract]
Granted, Weighted-Average Fair Value (in dollars per unit)	21.78
Black-Scholes Model [Member] | Service Stock Appreciation Rights (SARs) [Member]
Fair Value Assumptions [Abstract]
Weighted-average grant date fair value (in dollars per unit)	$ 9.88	$ 6.44	$ 4.49
Expected life (in years)	7 years 1 month 6 days	7 years	5 years
Expected volatility (percent)	49.30%	36.60%	37.50%
Risk-free interest rate (percent)	0.80%	1.40%	2.50%
Expected dividend (percent)	0.80%	1.60%	2.00%
Monte Carlo Model [Member] | Performance Restricted Stock Units [Member]
Fair Value Assumptions [Abstract]
Weighted-average grant date fair value (in dollars per unit)		$ 25.87	$ 17.95
Expected life (in years)	2 years 9 months 18 days	2 years 9 months 18 days	2 years 9 months 18 days
Expected volatility (percent)	54.30%	37.60%	37.50%
Risk-free interest rate (percent)	0.20%	1.40%	2.30%
Expected dividend (percent)	0.80%	1.50%	1.90%
Monte Carlo Model [Member] | Performance RSUs Granted as Replacement Awards [Member]
Fair Value Assumptions [Abstract]
Expected life (in years)			1 year 6 months
Expected volatility (percent)			36.30%
Risk-free interest rate (percent)			2.50%
Expected dividend (percent)			1.70%

Stock-Based Incentive Compens_7

Stock-Based Incentive Compensation Plans Stock-Based Incentive Compensation Plans - RSU (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Service Restricted Stock Units [Member]
Weighted Average Fair Value At Period End [Roll Forward]
Fair value of awards vested in period	$ 35.5	$ 88.6	$ 1.6
Performance Restricted Stock Units [Member]
Weighted Average Fair Value At Period End [Roll Forward]
Fair value of awards vested in period	$ 28.4	$ 49
2016 Equity Incentive Plan (EIP) [Member] | Service Restricted Stock Units [Member]
Units [Roll Forward]
Beginning balance, Units	4,346
Granted, Units	1,790
Vested, Units	(1,689)
Granted Replacement Awards, Units	0
Forfeited, Units	(352)
Ending balance, Units	4,095	4,346
Weighted Average Fair Value At Period End [Roll Forward]
Beginning balance, Weighted-Average Fair Value (in dollars per unit)	$ 16.71
Granted, Weighted-Average Fair Value (in dollars per unit)	21.78
Vested, Weighted-Average Fair Value (in dollars per unit)	16.03
Granted Replacement Awards, Weighted-Average Fair Value (in dollars per unit)	0
Forfeited, Weighted-Average Fair Value (in dollars per unit)	18.74
Ending balance, Weighted-Average Fair Value (in dollars per unit)	$ 19.02	$ 16.71
Weighted Average Remaining Contractual Life (Years)	2 years 4 months 24 days	2 years 2 months 12 days
2016 Equity Incentive Plan (EIP) [Member] | Performance Restricted Stock Units [Member]
Units [Roll Forward]
Beginning balance, Units	3,163
Granted, Units	840
Vested, Units	(1,336)
Granted Replacement Awards, Units	(43)
Forfeited, Units	(189)
Ending balance, Units	2,435	3,163
Weighted Average Fair Value At Period End [Roll Forward]
Beginning balance, Weighted-Average Fair Value (in dollars per unit)	$ 18.11
Granted, Weighted-Average Fair Value (in dollars per unit)	27.33
Vested, Weighted-Average Fair Value (in dollars per unit)	15.98
Granted Replacement Awards, Weighted-Average Fair Value (in dollars per unit)	16.03
Forfeited, Weighted-Average Fair Value (in dollars per unit)	25.11
Ending balance, Weighted-Average Fair Value (in dollars per unit)	$ 24.81	$ 18.11
Weighted Average Remaining Contractual Life (Years)	1 year 6 months	1 year

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Restructuring and Related Activities [Abstract]
Global non-retail and non-manufacturing positions, percentage eliminated	15.00%
Approximate annualized savings	$ 100,000
Restructuring charges	8,287	$ 90,415	$ 0
Restructuring charges, net	5,685	86,783
Restructuring liabilities	19,106	$ 54,723
Other long-term liabilities	2,700
Restructuring charges recorded to date	$ 98,700

Restructuring - Restructuring L

Restructuring - Restructuring Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 61,021	$ 0
Charges	5,685	86,783
Payments	(44,385)	(24,707)
Foreign Currency Fluctuations and Other Adjustments	(551)	(1,055)
Restructuring Reserve, Ending Balance	21,770	61,021
Pension and postretirement curtailment losses recorded in AOCI	2,600	3,700
Severance and employee-related benefits
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	60,604	0
Charges	5,383	85,002
Payments	(44,032)	(24,394)
Foreign Currency Fluctuations and Other Adjustments	(542)	(4)
Restructuring Reserve, Ending Balance	21,413	60,604
Other Restructuring
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	417	0
Charges	302	1,781
Payments	(353)	(313)
Foreign Currency Fluctuations and Other Adjustments	(9)	(1,051)
Restructuring Reserve, Ending Balance	$ 357	$ 417

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Leases [Abstract]
Operating lease costs	$ 345.4	$ 317.4
Variable lease costs	65.3	47.3
Operating lease, impairment loss	11.3	44.3
Short-term Lease, Cost	$ 9.6	$ 4.2

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Liabilities (Details) $ in Thousands	Nov. 28, 2021USD ($)
Leases [Abstract]
2021	$ 262,688
2022	233,169
2023	194,119
2024	154,999
2026	120,861
Thereafter	326,225
Total undiscounted future cash flows related to lease payments	1,292,061
Less: Interest	77,210
Operating lease liabilities	$ 1,214,851

Leases - Supplemental Informati

Leases - Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Leases [Abstract]
Weighted-average remaining lease term (years)	6 years 6 months	5 years 9 months 18 days
Weighted-average discount rate	2.00%	2.16%
Operating cash outflows from operating leases	$ 262,908	$ 237,265
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$ 415,832	$ 151,345

Dividend (Details)

Dividend (Details) $ / shares in Units, $ in Thousands	1 Months Ended					3 Months Ended		12 Months Ended
	Feb. 09, 2022USD ($)$ / shares	Oct. 31, 2021$ / shares	Jul. 31, 2021$ / shares	Apr. 30, 2021$ / shares	Jan. 31, 2021$ / shares	Nov. 29, 2020USD ($)	Feb. 23, 2020USD ($)	Nov. 28, 2021USD ($)$ / shares	Nov. 29, 2020USD ($)installment$ / shares	Nov. 24, 2019USD ($)$ / shares
Class of Stock [Line Items]
Cash dividends declared per share (usd per share)		$ 0.08	$ 0.08	$ 0.06	$ 0.04
Cash dividend paid | $						$ 58,900	$ 55,000	$ 104,431	$ 63,639	$ 113,914
Cash dividends paid per share (usd per share)								$ 0.26	$ 0.16	$ 0.30
Number of installments | installment									2
Dividends Paid, One
Class of Stock [Line Items]
Cash dividends paid per share (usd per share)									$ 0.08
Dividends Paid, Two
Class of Stock [Line Items]
Cash dividends paid per share (usd per share)									$ 0.08
Subsequent Event
Class of Stock [Line Items]
Cash dividends declared per share (usd per share)	$ 0.10
Cash dividend paid | $	$ 40,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019	Nov. 25, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Gross Changes	$ 59,440	$ 25,924	$ 26,386
Income tax expense related to items of other comprehensive income (loss)	(12,381)	(7,940)	(6,476)
Cumulative effect of adoption of new accounting standards (2)	1,665,661	1,299,475	1,571,557	$ 667,459
Total other comprehensive (loss) income, net of tax	47,059	17,984	19,910
Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			5,423
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(441,446)	(404,986)	(424,584)
Gross Changes	59,440	25,924	26,074
Income tax expense related to items of other comprehensive income (loss)	(12,381)	(7,940)	(6,476)
Cumulative effect of adoption of new accounting standards (2)	(394,387)	(441,446)	(404,986)	(424,584)
Total other comprehensive (loss) income, net of tax	47,059	(36,460)	19,598
Ending Balance	(394,387)	(441,446)	(404,986)
Accumulated Other Comprehensive Loss | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			(54,444)
Pension and Postretirement Benefits Liability Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(222,345)	(220,859)	(229,023)
Gross Changes	35,059	60,915	10,248
Income tax expense related to items of other comprehensive income (loss)	(8,195)	(15,088)	(2,084)
Total other comprehensive (loss) income, net of tax	26,864	(1,486)	8,164
Ending Balance	(195,481)	(222,345)	(220,859)
Pension and Postretirement Benefits Liability Adjustments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			(47,313)
Net Investment Hedges Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(74,456)	(24,958)	(39,887)
Gross Changes	69,735	(55,242)	19,026
Income tax expense related to items of other comprehensive income (loss)	(16,193)	13,747	(4,097)
Total other comprehensive (loss) income, net of tax	53,542	(49,498)	14,929
Ending Balance	(20,914)	(74,456)	(24,958)
Net Investment Hedges Adjustments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			(8,003)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(158,641)	(165,457)	(158,622)
Gross Changes	(51,016)	10,493	(7,562)
Income tax expense related to items of other comprehensive income (loss)	12,894	(3,677)	727
Total other comprehensive (loss) income, net of tax	(38,122)	6,816	(6,835)
Ending Balance	(196,763)	(158,641)	(165,457)
Foreign Currency Translation Adjustments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			0
Unrealized Gain (Loss) on Marketable Securities Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	13,996	6,288	2,948
Gross Changes	5,662	9,758	4,362
Income tax expense related to items of other comprehensive income (loss)	(887)	(2,922)	(1,022)
Total other comprehensive (loss) income, net of tax	4,775	7,708	3,340
Ending Balance	18,771	13,996	6,288
Unrealized Gain (Loss) on Marketable Securities Adjustments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			872
Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	0	9,616	9,304
Gross Changes	0	(9,616)	312
Income tax expense related to items of other comprehensive income (loss)	0	0	0
Cumulative effect of adoption of new accounting standards (2)	0	0	8,026	$ 7,346
Total other comprehensive (loss) income, net of tax	0	(9,616)	312
Ending Balance	0	0	9,616
Noncontrolling Interest | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			0
Accumulated Other Comprehensive Income Loss Including Portion Attributable To Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(441,446)	(395,370)	(415,280)
Gross Changes	59,440	16,308	26,386
Income tax expense related to items of other comprehensive income (loss)	(12,381)	(7,940)	(6,476)
Total other comprehensive (loss) income, net of tax	47,059	(46,076)	19,910
Ending Balance	$ (394,387)	$ (441,446)	(395,370)
Accumulated Other Comprehensive Income Loss Including Portion Attributable To Noncontrolling Interest [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative effect of adoption of new accounting standards (2)			$ (54,444)

Net Revenues (Details)

Net Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Disaggregation of Revenue [Line Items]
Net revenues	$ 5,763,936	$ 4,452,609	$ 5,763,087
Americas
Disaggregation of Revenue [Line Items]
Net revenues	2,934,826	2,187,899	2,771,083
Europe
Disaggregation of Revenue [Line Items]
Net revenues	1,704,018	1,391,764	1,707,469
Asia
Disaggregation of Revenue [Line Items]
Net revenues	834,649	663,391	926,120
Other Brands
Disaggregation of Revenue [Line Items]
Net revenues	290,443	209,555	358,415
Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Net revenues	5,763,936	4,452,609	5,763,087
Operating Segments [Member] | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	3,661,402	2,723,305	3,660,519
Operating Segments [Member] | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	2,102,534	1,729,304	2,102,568
Operating Segments [Member] | Americas
Disaggregation of Revenue [Line Items]
Net revenues	2,934,826	2,187,899	2,771,083
Operating Segments [Member] | Americas | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	2,061,330	1,500,043	1,917,249
Operating Segments [Member] | Americas | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	873,496	687,856	853,834
Operating Segments [Member] | Europe
Disaggregation of Revenue [Line Items]
Net revenues	1,704,018	1,391,764	1,707,469
Operating Segments [Member] | Europe | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	1,003,844	776,947	958,633
Operating Segments [Member] | Europe | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	700,174	614,817	748,836
Operating Segments [Member] | Asia
Disaggregation of Revenue [Line Items]
Net revenues	834,649	663,391	926,120
Operating Segments [Member] | Asia | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	389,327	291,880	492,334
Operating Segments [Member] | Asia | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	445,322	371,511	433,786
Operating Segments [Member] | Other Brands
Disaggregation of Revenue [Line Items]
Net revenues	290,443	209,555	358,415
Operating Segments [Member] | Other Brands | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	206,901	154,435	292,303
Operating Segments [Member] | Other Brands | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	$ 83,542	$ 55,120	$ 66,112

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Other Income and Expenses [Abstract]
Foreign Exchange Management Gains (Losses)	$ (14,801)	$ 2,299	$ 126
Foreign currency transaction (losses) gains	5,859	(18,057)	(6,231)
Interest Income (Expense), Nonoperating, Net	2,542	8,390	17,190
Investment income	2,499	1,243	1,509
Pension Settlement Losses	0	14,737	0
Other Other Income (Expense)	7,353	(1,612)	(10,577)
Other income (expense), net	$ 3,452	$ (22,474)	$ 2,017

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Income Tax Expense Reconciliation [Abstract]
Income tax expense at U.S. federal statutory rate	$ 121,851	$ (39,855)	$ 100,293
State income taxes, net of U.S. federal impact	9,012	(5,246)	4,496
Change in valuation allowance	2,573	18,271	(81)
Impact of foreign operations, net(1)	(3,650)	(8,868)	7,132
Foreign-derived intangible income benefit ("FDII")	(65,955)	0	(11,918)
Reassessment of tax liabilities	(768)
Reassessment of tax liabilities		(1,531)	(6,480)
Stock-based compensation	(36,871)	(22,332)	(15,730)
Other, including non-deductible expenses	507	1,547	4,892
Change in tax law	0	(4,628)	0
Total	$ 26,699	$ (62,642)	$ 82,604
Effective Income Tax Rate Reconciliation [Abstract]
U.S. federal statutory rate (percent)	21.00%	21.00%	21.00%
State income taxes, net of U.S. federal impact (percent)	1.60%	2.80%	1.00%
Change in valuation allowance (percent)	0.40%	(9.60%)	0.00%
Impact of foreign operations (percent)	(0.60%)	4.70%	1.50%
Foreign-derived intangible income benefit (FDII) (percent)	(11.40%)	0.00%	(2.50%)
Reassessment of tax liabilities (percent)	(0.10%)	0.70%	(1.40%)
Stock-based compensation (percent)	(6.40%)	11.80%	(3.30%)
Other, including non-deductible expenses (percent)	0.10%	(0.80%)	1.00%
Impact of US Tax Act (percent)	0	0.024	0
Total	4.60%	33.00%	17.30%

Income Taxes - Domestic and For

Income Taxes - Domestic and Foreign Income (Loss) before income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Income Tax Disclosure [Abstract]
Domestic	$ 197,460	$ (197,718)	$ 120,692
Foreign	382,780	7,935	356,892
Income (loss) before income taxes	$ 580,240	$ (189,783)	$ 477,584

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Income Tax Disclosure [Abstract]
U.S. Federal Current	$ 12,885	$ 8,396	$ 13,182
U.S. Federal Deferred	(25,454)	(79,676)	(22,319)
U.S. Federal Total	(12,569)	(71,280)	(9,137)
U.S. State Current	7,845	978	(2,939)
U.S. State Deferred	1,167	(6,435)	1,002
U.S. State Total	9,012	(5,457)	(1,937)
Foreign Current	93,914	23,228	87,324
Foreign Deferred	(63,658)	(9,133)	6,354
Foreign Total	30,256	14,095	93,678
Consolidated Current	114,644	32,602	97,567
Deferred income taxes	(87,945)	(95,244)	(14,963)
Total	$ 26,699	$ (62,642)	$ 82,604

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Income Tax Disclosure [Abstract]
Foreign tax credit carryforwards	$ 147,817	$ 232,164
State net operating loss carryforwards	12,171	16,054
Foreign net operating loss carryforwards	53,320	58,644
Employee compensation and benefit plans	107,502	102,846
Advance royalties	114,451	10,021
Accrued liabilities	19,301	32,304
Sales returns and allowances	33,958	30,740
Inventory	26,160	25,380
Property, plant and equipment	65,601	0
Unrealized foreign exchange gains or losses	4,099	18,665
Deferred Tax Assets, Lease Liability	284,591	251,285
Other	22,089	17,898
Total gross deferred tax assets	891,060	796,001
Less: Valuation allowance	(45,971)	(38,543)
Deferred tax assets, net of valuation allowance	845,089	757,458
U.S. Branches	(31,140)	(25,330)
Residual tax liability on unremitted foreign earnings	(137)	(7,940)
Property, plant and equipment	0	(4,531)
Right of use asset	(256,606)	(227,054)
Total deferred tax liabilities	(287,883)	(264,855)
Total net deferred tax assets	$ 557,206	$ 492,603

Income Taxes - Summary of Opera

Income Taxes - Summary of Operating Loss Carryforwards (Details) - SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] - USD ($) $ in Thousands		12 Months Ended
		Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Valuation Allowance [Line Items]
Balance at Beginning of Period		$ 38,543	$ 19,611	$ 21,970
Changes in Related Gross Deferred Tax Asset		4,855	18,271	(81)
Change / (Release)	[1]	2,573	661	(2,278)
Balance at End of Period		45,971	38,543	$ 19,611
Domestic Tax Authority [Member]
Valuation Allowance [Line Items]
Balance at Beginning of Period		8,048
Changes in Related Gross Deferred Tax Asset		1,201
Change / (Release)		0
Balance at End of Period		9,249	8,048
Foreign Tax Authority [Member]
Valuation Allowance [Line Items]
Balance at Beginning of Period		30,495
Changes in Related Gross Deferred Tax Asset		3,654
Change / (Release)		2,573
Balance at End of Period		$ 36,722	$ 30,495
[1]	The charges to the accounts are for the purposes for which the allowances were created. (2) In accordance with ASU 2014-09, “Revenue from Contracts with Customers”, adopted in fiscal 2019, allowances for returns, discounts and incentives are presented as current liabilities on the consolidated balance sheet. In previously issued financial statement schedules, the end of period balances were included within Deductions, presented as additional deductions, to reflect ending balances for asset valuation accounts. The presentation has been updated to reflect both asset valuation accounts and current liabilities associated with sales returns and sales discounts and incentives. This change in presentation did not impact the Company's consolidated financial statements in any period.

Income Taxes - Unrecognized tax

Income Taxes - Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Gross unrecognized tax benefits, beginning of period	$ 32,286	$ 36,559
Increases related to current year tax positions	1,157	1,575
Increases related to tax positions from prior years	11	262
Decreases related to tax positions from prior years	(1,709)	(889)
Settlement with tax authorities	446	4,322
Lapses of statutes of limitation	(396)	(446)
Other, including foreign currency translation	(249)	(453)
Gross unrecognized tax benefits, end of period	$ 30,654	$ 32,286

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Income Taxes [Line Items]
Income tax expense (benefit)	$ 26,699	$ (62,642)	$ 82,604
Effective income tax rate	4.60%	33.00%	17.30%
Tax benefit from stock-based compensation exercises	$ 41,600	$ (26,100)
CARES Act, Income Tax Expense (Benefit), Net Operating Loss Carryback Provision		4,600
Deferred Tax Assets, Valuation Allowance	$ 45,971	$ 38,543
U.S. federal statutory rate (percent)	21.00%	21.00%	21.00%
Change in valuation allowance	$ (2,573)	$ (18,271)	$ 81
Reassessment of tax liabilities		1,531	6,480
Change in tax law	0	(4,628)	0
Foreign net operating loss carryforwards	53,320	58,644
Foreign operating loss	212,000
Deferred tax assets, subject to expiration	97,300
Deferred tax assets, not subject to expiration	115,500
Undistributed earnings of foreign subsidiaries	7,800
Unrecognized tax benefits	30,654	32,286	36,559
Unrecognized tax benefits that would impact effective tax rate	28,300	28,800
Significant change in unrecognized tax benefits is reasonably possible, maximum	200
Penalties and interest accrued	1,800	1,200
Deferred Tax Assets, Operating Loss Carryforwards, Domestic		38,500
Foreign tax credit carryforwards	147,817	232,164
Foreign Tax Credits Expired in Period		6,300
Previously Used Foreign Tax Credits Written Off		27,600
Foreign-derived intangible income benefit ("FDII")	65,955	0	11,918
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Income Taxes [Line Items]
Changes in Related Gross Deferred Tax Asset	4,855	18,271	$ (81)
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance		$ 18,300
Domestic Tax Authority [Member] | SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Income Taxes [Line Items]
Changes in Related Gross Deferred Tax Asset	1,201
Foreign Tax Authority [Member] | SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Income Taxes [Line Items]
Changes in Related Gross Deferred Tax Asset	$ 3,654

Earnings Per Share Attributab_3

Earnings Per Share Attributable to Common Stockholders Earnings Per Share Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Earnings Per Share [Abstract]
Net income	$ 553,541	$ (127,141)	$ 394,612
Weighted-average common shares outstanding - basic (in shares)	401,634,760	397,315,117	389,082,277
Dilutive effect of stock awards (in shares)	8,143,409	0	19,283,625
Weighted-average common shares outstanding - diluted (in shares)	409,778,169	397,315,117	408,365,902
Basic (usd per share)	$ 1.38	$ (0.32)	$ 1.01
Diluted (usd per share)	$ 1.35	$ (0.32)	$ 0.97
Anti-dilutive securities excluded from calculation of diluted earnings per share attributable to common stockholders	12,973	0	174,923
Potentially Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		23,200,000

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Levi Strauss Foundation [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Donation	$ 3.6	$ 9.9	$ 9.7

Business Segment Information (D

Business Segment Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Nov. 28, 2021USD ($)segment	Nov. 28, 2021USD ($)	Nov. 29, 2020USD ($)	Nov. 24, 2019USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Net revenues		$ 5,763,936	$ 4,452,609	$ 5,763,087
Operating income (loss)		686,211	(85,119)	566,675
Restructuring charges, net		(8,287)	(90,415)	0
Corporate expenses		(407,646)	(496,578)	(397,740)
Interest expense		(72,902)	(82,190)	(66,248)
Underwriter commission paid on behalf of selling stockholders		0	0	(24,860)
Other income (expense), net		3,452	(22,474)	2,017
Loss on early extinguishment of debt		(36,521)	0	0
Income (loss) before income taxes		580,240	(189,783)	477,584
Reduction to inventory valuation	$ 2,300	2,300	42,300
COVID related accounts receivable charges reversal			5,200
Impairment of long-lived assets related to certain retail locations			58,700
Pension Settlement Losses		0	14,737	0
Number of reportable segments | segment	3
Americas
Segment Reporting Information [Line Items]
Net revenues		2,934,826	2,187,899	2,771,083
Operating income (loss)		660,230	318,738	519,686
Reduction to inventory valuation			26,300
COVID related accounts receivable charges reversal			5,000
Impairment of long-lived assets related to certain retail locations			50,000
Europe
Segment Reporting Information [Line Items]
Net revenues		1,704,018	1,391,764	1,707,469
Operating income (loss)		396,386	207,866	350,067
Reduction to inventory valuation			9,100
COVID related accounts receivable charges reversal			200
Impairment of long-lived assets related to certain retail locations			6,300
Asia
Segment Reporting Information [Line Items]
Net revenues		834,649	663,391	926,120
Operating income (loss)		35,097	(21,392)	87,490
Reduction to inventory valuation			6,900
Adverse purchase commitment			1,200
Impairment of long-lived assets related to certain retail locations			2,400
Other Brands
Segment Reporting Information [Line Items]
Net revenues		290,443	209,555	358,415
Operating income (loss)		$ 10,431	$ (3,338)	$ 7,172

Business Segment Information -

Business Segment Information - Schedule of Depreciation and Amortization by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Segment Reporting Information [Line Items]
Total depreciation and amortization expense	$ 143,167	$ 141,795	$ 123,942
Americas
Segment Reporting Information [Line Items]
Total depreciation and amortization expense	39,137	49,689	41,288
Europe
Segment Reporting Information [Line Items]
Total depreciation and amortization expense	23,325	22,877	22,897
Asia
Segment Reporting Information [Line Items]
Total depreciation and amortization expense	13,259	12,656	11,875
Other Brands and Corporate
Segment Reporting Information [Line Items]
Total depreciation and amortization expense	$ 67,446	$ 56,573	$ 47,882

Business Segment Information _2

Business Segment Information - Schedule of Assets by Geographical Segment (Details) - USD ($) $ in Thousands	Nov. 28, 2021	Nov. 29, 2020
Segment Reporting Information [Line Items]
Inventories	$ 897,950	$ 817,692
All other assets	5,002,119	4,823,549
Total assets	5,900,069	5,641,241
Americas
Segment Reporting Information [Line Items]
Inventories	429,527	352,648
All other assets	0	0
Europe
Segment Reporting Information [Line Items]
Inventories	175,732	165,516
All other assets	0	0
Asia
Segment Reporting Information [Line Items]
Inventories	154,864	162,244
All other assets	0	0
Unallocated
Segment Reporting Information [Line Items]
Inventories	137,827	137,284
All other assets	$ 5,002,119	$ 4,823,549

Business Segment Information _3

Business Segment Information - Revenue, Deferred Tax Assets, and Long Lived Assets by Geographical Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Segment Reporting Information [Line Items]
Net revenues	$ 5,763,936	$ 4,452,609	$ 5,763,087
Total net deferred tax assets	573,114	497,556	407,905
Long-Lived Assets	532,594	485,539	571,645
United States
Segment Reporting Information [Line Items]
Net revenues	2,594,482	1,943,522	2,525,325
Total net deferred tax assets	422,013	404,800	327,980
Long-Lived Assets	358,497	317,102	376,883
Foreign countries
Segment Reporting Information [Line Items]
Net revenues	3,169,454	2,509,087	3,237,762
Total net deferred tax assets	151,101	92,756	79,925
Long-Lived Assets	$ 174,097	$ 168,437	$ 194,762

Long-Term Employee Related Bene

Long-Term Employee Related Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
Compensation Related Costs [Abstract]
Deferred compensation plan, interest cost	$ 15.5	$ 13.8	$ 9.4
Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent, Excluded from the rabbi trust [Line Items]
Funds held in grantor's rabbi trust	80.2	71.2
Deferred compensation plan for executives and outside directors, established January 1, 2003 [Member]
Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent, Excluded from the rabbi trust [Line Items]
Total deferred compensation plan liabilities	73.6	67.9
Deferred compensation plan for executives, prior to January 1, 2003 [Member]
Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent, Excluded from the rabbi trust [Line Items]
Total deferred compensation plan liabilities	$ 33.1	$ 30.8

Schedule II_ Valuation and Qu_2

Schedule II: Valuation and Qualifying Acounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Nov. 28, 2021	Nov. 29, 2020	Nov. 24, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		$ 14,688	$ 6,172	$ 10,037
Additions Charged to Expenses/Net Sales/(Releases) to Tax Expense		(190)	7,858	(978)
Release	[1]	2,899	(658)	2,887
Balance at End of Period		11,599	14,688	6,172
Sales Returns [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		51,385	47,802	53,684
Additions Charged to Expenses/Net Sales/(Releases) to Tax Expense		312,871	295,356	259,866
Release	[1]	306,814	291,773	265,748
Balance at End of Period		57,442	51,385	47,802
Sales Discounts and Incentives [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		135,966	125,065	120,704
Additions Charged to Expenses/Net Sales/(Releases) to Tax Expense		419,368	304,591	351,686
Release	[1]	402,972	293,690	347,325
Balance at End of Period		152,362	135,966	125,065
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		38,543	19,611	21,970
Additions Charged to Expenses/Net Sales/(Releases) to Tax Expense		4,855	18,271	(81)
Release	[1]	(2,573)	(661)	2,278
Balance at End of Period		$ 45,971	$ 38,543	$ 19,611
[1]	The charges to the accounts are for the purposes for which the allowances were created. (2) In accordance with ASU 2014-09, “Revenue from Contracts with Customers”, adopted in fiscal 2019, allowances for returns, discounts and incentives are presented as current liabilities on the consolidated balance sheet. In previously issued financial statement schedules, the end of period balances were included within Deductions, presented as additional deductions, to reflect ending balances for asset valuation accounts. The presentation has been updated to reflect both asset valuation accounts and current liabilities associated with sales returns and sales discounts and incentives. This change in presentation did not impact the Company's consolidated financial statements in any period.