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Note 8 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Aug. 31, 2024
Notes to Financial Statements |
Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block] | Note 8: Accumulated Other Comprehensive Income (Loss) The following table provides details of total comprehensive income (loss):
|  | Three Months Ended August 31, 2024 |  |  | Three Months Ended September 2, 2023 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non- |
|  |  |  |  |  |  |  |  |  |  |  |  |  | controlling |  |  |  |  |  |  |  |  |  |  |  |  |  |  | controlling |
|  | H.B. Fuller Stockholders |  |  | Interest |  |  | H.B. Fuller Stockholders |  |  | Interest |
|  | Pre-tax |  |  | Tax |  |  | Net |  |  | Net |  |  | Pre-tax |  |  | Tax |  |  | Net |  |  | Net |
Net income attributable to H.B. Fuller and non-controlling interest |  |  |  |  |  |  |  |  |  | $ | 55,361 |  |  | $ | (22 | ) |  |  |  |  |  |  |  |  |  | $ | 37,627 |  |  | $ | 23 |
Foreign currency translation¹ |  | $ | 33,324 |  |  | $ | - |  |  |  | 33,324 |  |  |  | 31 |  |  | $ | (8,710 | ) |  | $ | - |  |  |  | (8,710 | ) |  |  | (7 | )
Defined benefit pension plans adjustment² |  |  | 1,689 |  |  |  | (419 | ) |  |  | 1,270 |  |  |  | - |  |  |  | 1,157 |  |  |  | (294 | ) |  |  | 863 |  |  |  | - |
Interest rate swaps³ |  |  | (34,068 | ) |  |  | 8,324 |  |  |  | (25,744 | ) |  |  | - |  |  |  | 21,086 |  |  |  | (5,188 | ) |  |  | 15,898 |  |  |  | - |
Net investment hedges³ |  |  | (10,892 | ) |  |  | 2,661 |  |  |  | (8,231 | ) |  |  | - |  |  |  | (6,156 | ) |  |  | 1,515 |  |  |  | (4,641 | ) |  |  | - |
Other comprehensive (loss) income |  | $ | (9,947 | ) |  | $ | 10,566 |  |  | $ | 619 |  |  | $ | 31 |  |  | $ | 7,377 |  |  | $ | (3,967 | ) |  | $ | 3,410 |  |  | $ | (7 | )
Comprehensive income |  |  |  |  |  |  |  |  |  | $ | 55,980 |  |  | $ | 9 |  |  |  |  |  |  |  |  |  |  | $ | 41,037 |  |  | $ | 16 |
|  | Nine Months Ended August 31, 2024 |  |  | Nine Months Ended September 2, 2023 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Non- |
|  |  |  |  |  |  |  |  |  |  |  |  |  | controlling |  |  |  |  |  |  |  |  |  |  |  |  |  |  | controlling |
|  | H.B. Fuller Stockholders |  |  | Interest |  |  | H.B. Fuller Stockholders |  |  | Interest |
|  | Pretax |  |  | Tax |  |  | Net |  |  | Net |  |  | Pretax |  |  | Tax |  |  | Net |  |  | Net |
Net income attributable to H.B. Fuller and non-controlling interest |  |  |  |  |  |  |  |  |  | $ | 137,615 |  |  | $ | 32 |  |  |  |  |  |  |  |  |  |  | $ | 99,916 |  |  | $ | 71 |
Foreign currency translation adjustment¹ |  | $ | (12,922 | ) |  | $ | - |  |  |  | (12,922 | ) |  |  | (10 | ) |  | $ | 14,070 |  |  | $ | - |  |  |  | 14,070 |  |  |  | (12 | )
Defined benefit pension plans adjustment² |  |  | 5,065 |  |  |  | (1,257 | ) |  |  | 3,808 |  |  |  | - |  |  |  | 3,449 |  |  |  | (877 | ) |  |  | 2,572 |  |  |  | - |
Interest rate swap³ |  |  | (23,851 | ) |  |  | 5,838 |  |  |  | (18,013 | ) |  |  | - |  |  |  | 19,557 |  |  |  | (4,812 | ) |  |  | 14,745 |  |  |  | - |
Net investment hedges³ |  |  | (5,704 | ) |  |  | 1,386 |  |  |  | (4,318 | ) |  |  | - |  |  |  | (13,694 | ) |  |  | 3,370 |  |  |  | (10,324 | ) |  |  | - |
Other comprehensive (loss) income |  | $ | (37,412 | ) |  | $ | 5,967 |  |  | $ | (31,445 | ) |  | $ | (10 | ) |  | $ | 23,382 |  |  | $ | (2,319 | ) |  | $ | 21,063 |  |  | $ | (12 | )
Comprehensive income |  |  |  |  |  |  |  |  |  | $ | 106,170 |  |  | $ | 22 |  |  |  |  |  |  |  |  |  |  | $ | 120,979 |  |  | $ | 59 |
The components of accumulated other comprehensive loss are as follows:
|  | August 31, 2024 |
|  |  |  |  |  |  |  |  |  | Non- |
|  |  |  |  |  | H.B. Fuller |  |  | controlling |
|  | Total |  |  | Stockholders |  |  | Interest |
Foreign currency translation adjustment |  | $ | (259,649 | ) |  | $ | (259,615 | ) |  | $ | (34 | )
Defined benefit pension plans adjustment, net of taxes of $65,725 |  |  | (123,661 | ) |  |  | (123,661 | ) |  |  | - |
Interest rate swap, net of taxes of $4,378 |  |  | (13,541 | ) |  |  | (13,541 | ) |  |  | - |
Net investment hedges, net of taxes of $19,130 |  |  | (59,168 | ) |  |  | (59,168 | ) |  |  | - |
Reclassification of AOCI tax effects |  |  | (18,341 | ) |  |  | (18,341 | ) |  |  | - |
Accumulated other comprehensive loss |  | $ | (474,360 | ) |  | $ | (474,326 | ) |  | $ | (34 | )
|  | December 2, 2023 |
|  |  |  |  |  |  |  |  |  | Non- |
|  |  |  |  |  | H.B. Fuller |  |  | controlling |
|  | Total |  |  | Stockholders |  |  | Interest |
Foreign currency translation adjustment |  | $ | (246,736 | ) |  | $ | (246,692 | ) |  | $ | (44 | )
Defined benefit pension plans adjustment, net of taxes of $66,982 |  |  | (127,469 | ) |  |  | (127,469 | ) |  |  | - |
Interest rate swap, net of taxes of ($1,460) |  |  | 4,472 |  |  |  | 4,472 |  |  |  | - |
Net investment hedges, net of taxes of $17,744 |  |  | (54,850 | ) |  |  | (54,850 | ) |  |  | - |
Reclassification of AOCI tax effects |  |  | (18,341 | ) |  |  | (18,341 | ) |  |  | - |
Accumulated other comprehensive loss |  | $ | (442,924 | ) |  | $ | (442,880 | ) |  | $ | (44 | )

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