Note 7 - Accumulated Other Comprehensive Income (Loss)

6 Months Ended

May 30, 2026

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 May 30, 2026*											*Three Months Ended May 31, 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							$	67,805		$	-							$	41,828		$	17
Foreign currency translation¹	$	(15,913	)	$	-			(15,913	)		-	$	123,602		$	-			123,602			48
Defined benefit pension plans adjustment²		(22	)		8			(14	)		-		194			(53	)		141			-
Interest rate swaps³		9,107			(2,216	)		6,891			-		(3,206	)		780			(2,426	)		-
Net investment hedges³		7,880			(1,917	)		5,963			-		(60,068	)		14,619			(45,449	)		-
Other comprehensive income (loss)	$	1,052		$	(4,125	)	$	(3,073	)	$	-	$	60,522		$	15,346		$	75,868		$	48
Comprehensive income (loss)							$	64,732		$	-							$	117,696		$	65

	Six Months Ended May 30, 2026											Six Months Ended May 31, 2025
										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							$	88,850		$	-							$	55,076		$	33
Foreign currency translation¹	$	36,268		$	-			36,268			24	$	102,599		$	-			102,599			65
Defined benefit pension plans adjustment²		(12	)		16			4			-		373			(102	)		271			-
Interest rate swaps³		9,168			(2,231	)		6,937			-		(4,722	)		1,149			(3,573	)		-
Net investment hedges³		(4,946	)		1,204			(3,742	)		-		(50,824	)		12,369			(38,455	)		-
Other comprehensive income (loss)	$	40,478		$	(1,011	)	$	39,467		$	24	$	47,426		$	13,416		$	60,842		$	65
Comprehensive income							$	128,317		$	24							$	115,918		$	98

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:

May 30, 2026

Non-

H.B. Fuller

controlling

Total

Stockholders

Interest

Foreign currency translation adjustment

(152,887

)

(153,796

)

909

Defined benefit pension plans adjustment, net of taxes of $47,268

(67,160

)

(67,160

)

Interest rate swaps, net of taxes of $2,228

(6,929

)

(6,929

)

Net investment hedges, net of taxes of $28,733

(89,352

)

(89,352

)

Reclassification of AOCI tax effects

(18,341

)

(18,341

)

Accumulated other comprehensive (loss) income

(334,669

)

(335,578

)

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 swaps, 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