Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 03, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The fair value of derivative instruments on our Consolidated Balance Sheets as of December 3, 2021 and November 27, 2020 were as follows:
 (in millions)20212020
 Fair Value
Asset
Derivatives		Fair Value
Liability
Derivatives		Fair Value
Asset
Derivatives		Fair Value
Liability
Derivatives
Derivatives designated as hedging instruments:    
Foreign exchange option contracts (1)
$91 $— $12 $— 
Derivatives not designated as hedging instruments:
 Foreign exchange forward contracts (1)
7 8 3 4 
Total derivatives$98 $8 $15 $4 
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(1)Fair value asset derivatives are included in prepaid expenses and other current assets and fair value liability derivatives are included in accrued expenses on our Consolidated Balance Sheets.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
Gains (losses) on derivative instruments, net of tax, recognized in our Consolidated Statements of Comprehensive Income for fiscal 2021, 2020 and 2019 were as follows:
(in millions)202120202019
Derivatives in cash flow hedging relationships:
Foreign exchange option contracts
$69 $(43)$23 
Treasury lock
$— $(1)$(23)
Schedule of Derivatives Instruments, Effect on Statements of Income
The effects of derivative instruments on our Consolidated Statements of Income for fiscal 2021, 2020 and 2019 were as follows:
(in millions)Financial Statement Classification202120202019
Derivatives in cash flow hedging relationships:
Foreign exchange option contracts (1)
Net gain (loss) reclassified from accumulated OCI into income, net of taxRevenue$(16)$3 $39 
Amount excluded from effectiveness testing and ineffective portionOther income (expense), net$— $— $(24)
Treasury lock
Net gain (loss) reclassified from accumulated OCI into income, net of taxInterest expense$(4)$(3)$(1)
Derivatives not designated as hedging relationships:
Foreign exchange option contractsRevenue$— $— $1 
Foreign exchange forward contracts
Other income (expense), net$(3)$5 $4 
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(1)Starting the third quarter of fiscal 2019, all changes in fair value of our foreign currency cash flow hedges are recorded in accumulated other comprehensive income (loss) (“OCI”).