v3.26.1
Note 6 - Components of Net Periodic Benefit Related to Pension and Other Postretirement Benefit Plans
3 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 6: Components of Net Periodic Benefit related to Pension and Other Postretirement Benefit Plans

  

   

Three Months Ended February 28, 2026 and March 1, 2025

 
                                   

Other

 
   

Pension Benefits

   

Postretirement

 
   

U.S. Plans

   

Non-U.S. Plans

   

Benefits

 

Net periodic (benefit) cost:

 

2026

   

2025

   

2026

   

2025

   

2026

   

2025

 

Service cost

  $ -     $ -     $ 324     $ 368     $ -     $ -  

Interest cost

    3,097       3,242       1,663       1,442       218       249  

Expected return on assets

    (5,782 )     (5,717 )     (1,838 )     (1,624 )     (3,801 )     (3,484 )

Amortization:

                                               

Prior service cost

    -       -       30       28       -       -  

Actuarial loss (gain)

    1,895       1,953       484       475       (2,429 )     (2,277 )

Settlement charge

                123                    

Net periodic (benefit) cost

  $ (790 )   $ (522 )   $ 786     $ 689     $ (6,012 )   $ (5,512 )

 

Service cost is included with employee compensation cost in cost of sales and selling, general and administrative expenses in the Consolidated Statements of Income. The components of our net periodic defined benefit pension and postretirement benefit costs other than service cost are presented in other income, net in the Consolidated Statements of Income.