v3.26.1
Note 7 - Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block]

Note 7: Accumulated Other Comprehensive Income (Loss)

 

The following table provides details of total comprehensive income (loss): 

 

   

Three Months Ended February 28, 2026

   

Three Months Ended March 1, 2025

 
                           

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

                  $ 21,045     $ -                     $ 13,248     $ 16  

Foreign currency translation¹

  $ 52,181     $ -       52,181       24     $ (21,003 )   $ -       (21,003 )     17  

Defined benefit pension plans adjustment²

    10       8       18       -       179       (49 )     130       -  

Interest rate swaps³

    61       (15 )     46       -       (1,516 )     369       (1,147 )     -  

Net investment hedges³

    (12,826 )     3,121       (9,705 )     -       9,244       (2,250 )     6,994       -  

Other comprehensive income (loss)

  $ 39,426     $ 3,114     $ 42,540     $ 24     $ (13,096 )   $ (1,930 )   $ (15,026 )   $ 17  

Comprehensive income (loss)

                  $ 63,585     $ 24                     $ (1,778 )   $ 33  

 

1 Income taxes are not provided for foreign currency translation relating to indefinite investments in international subsidiaries.
2 Amounts reclassified from accumulated other comprehensive loss into earnings as part of net periodic cost related to pension and other postretirement benefit plans is reported in cost of sales, selling general and administrative expense and other income, net.
3 Amounts reclassified from accumulated other comprehensive loss into earnings is reported in other income, net.

 

The components of accumulated other comprehensive loss are as follows:

 

  

February 28, 2026

 
          

Non-

 
      

H.B. Fuller

  

controlling

 
  

Total

  

Stockholders

  

Interest

 

Foreign currency translation adjustment

 $(136,973) $(137,882) $909 

Defined benefit pension plans adjustment, net of taxes of $47,260

  (67,147)  (67,147)  - 

Interest rate swap, net of taxes of $4,444

  (13,820)  (13,820)  - 

Net investment hedges, net of taxes of $30,650

  (95,315)  (95,315)  - 

Reclassification of AOCI tax effects

  (18,341)  (18,341)  - 

Accumulated other comprehensive (loss) income

 $(331,596) $(332,505) $909 

 

  

November 29, 2025

 
          

Non-

 
      

H.B. Fuller

  

controlling

 
  

Total

  

Stockholders

  

Interest

 

Foreign currency translation adjustment

 $(189,131) $(190,064) $933 

Defined benefit pension plans adjustment, net of taxes of $47,252

  (67,164)  (67,164)  - 

Interest rate swap, net of taxes of $4,459

  (13,866)  (13,866)  - 

Net investment hedges, net of taxes of $27,529

  (85,610)  (85,610)  - 

Reclassification of AOCI tax effects

  (18,341)  (18,341)  - 

Accumulated other comprehensive (loss) income

 $(374,112) $(375,045) $933