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Note 9 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Aug. 31, 2019

Accumulated Other Comprehensive Income (Loss) Disclosure [Text Block]

Note 9: Accumulated Other Comprehensive Income (Loss)

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

	Three Months Ended August 31, 2019											Three Months Ended September 1, 2018
	H.B. Fuller Stockholders									Non- controlling Interests		H.B. Fuller Stockholders									Non- controlling Interests
	Pre-tax			Tax			Net			Net		Pre-tax			Tax			Net			Net
Net income including non-controlling interests		-			-		$	49,718		$	12		-			-		$	37,730		$	6
Foreign currency translation adjustment¹	$	(30,613	)		-			(30,613	)		1	$	(36,807	)		-			(36,807	)		(7	)
Defined benefit pension plans adjustment²		1,970		$	(500	)		1,470			-		2,207		$	(569	)		1,638			-
Interest rate swap³		(15,006	)		3,752			(11,254	)		-		(1,921	)		480			(1,441	)		-
Cash flow hedges³		2,532			(115	)		2,417			-		(1,093	)		(122	)		(1,215	)		-
Other comprehensive income (loss)	$	(41,117	)	$	3,137			(37,980	)		1	$	(37,614	)	$	(211	)		(37,825	)		(7	)
Comprehensive income (loss)							$	11,738		$	13							$	(95	)	$	(1	)

	Nine Months Ended August 31, 2019											Nine Months Ended September 1, 2018
	H.B. Fuller Stockholders									Non- controlling Interests		H.B. Fuller Stockholders									Non- controlling Interests
	Pretax			Tax			Net			Net		Pretax			Tax			Net			Net
Net income including non-controlling interests		-			-		$	98,603		$	16		-			-		$	129,863		$	4
Foreign currency translation adjustment¹	$	(52,233	)		-			(52,233	)		3	$	(56,091	)		-			(56,091	)		(25	)
Reclassification to earnings:
Defined benefit pension plans adjustment²		5,938		$	(1,506	)		4,432			-		6,683		$	(1,725	)		4,958			-
Interest rate swap³		(53,035	)		13,259			(39,776	)		-		24,918			(5,823	)		19,095			-
Cash flow hedges³		13,143			(538	)		12,605			-		(5,606	)		(2,462	)		(8,068	)		-
Other comprehensive income (loss)	$	(86,187	)	$	11,215			(74,972	)		3	$	(30,096	)	$	(10,010	)		(40,106	)		(25	)
Comprehensive income (loss)							$	23,631		$	19							$	89,757		$	(21	)

¹ Income taxes are not provided for foreign currency translation relating to permanent investments in international subsidiaries.

² Loss reclassified from accumulated other comprehensive income ("AOCI") into earnings as part of net periodic cost related to pension and other postretirement benefit plans is reported in cost of sales and SG&A expense.

³ Income (loss) reclassified from AOCI into earnings is reported in other income (expense), net.

The components of accumulated other comprehensive loss is as follows:

	August 31, 2019
	Total			H.B. Fuller Stockholders			Non- controlling Interests
Foreign currency translation adjustment	$	(179,633	)	$	(179,539	)	$	(94	)
Defined benefit pension plans adjustment, net of taxes of $74,077		(139,709	)		(139,709	)		-
Interest rate swap, net of taxes of $6,028		(18,083	)		(18,083	)		-
Cash flow hedges, net of taxes of $50		548			548			-
Reclassification of AOCI tax effects		(18,341	)		(18,341	)		-
Accumulated other comprehensive loss	$	(355,218	)	$	(355,124	)	$	(94	)

	December 1, 2018
	Total			H.B. Fuller Stockholders			Non- controlling Interests
Foreign currency translation adjustment	$	(127,398	)	$	(127,307	)	$	(91	)
Defined benefit pension plans adjustment, net of taxes of $75,083		(144,140	)		(144,140	)		-
Interest rate swap, net of taxes of $(7,231)		21,693			21,693			-
Cash flow hedges, net of taxes of $588		(12,057	)		(12,057	)		-
Reclassification of AOCI tax effects		(18,341	)		(18,341	)		-
Accumulated other comprehensive loss	$	(280,243	)	$	(280,152	)	$	(91	)