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Note 10 - Pension and Postretirement Benefits (Tables)

12 Months Ended

Dec. 03, 2022

Notes Tables

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

		*Pension Benefits*																*Other Postretirement*
		*U.S. Plans*								*Non-U.S. Plans*								*Benefits*
		*2022*				*2021*				*2022*				*2021*				*2022*				*2021*
Change in projected benefit obligation
Benefit obligation at beginning of year		$	361,212			$	388,530			$	238,400			$	250,561			$	31,262			$	39,075
Service cost			-				-				2,765				3,280				-				21
Interest cost			9,653				9,299				2,893				2,941				748				822
Participant contributions			-				-				-				-				296				365
Actuarial (gain)/loss1			(80,296	)			(9,177	)			(57,159	)			(3,630	)			(5,395	)			(6,115	)
Other			-				-				-				-				-				-
Curtailments			-				-				231				-				-				-
Settlement payments			(200	)			(6,673	)			(7,988	)			996				-				-
Benefits paid			(20,495	)			(20,767	)			(8,370	)			(8,578	)			(2,738	)			(2,906	)
Foreign currency translation effect			-				-				(15,922	)			(7,170	)			-				-
Benefit obligation at end of year			269,874				361,212				154,850				238,400				24,173				31,262

Change in plan assets
Fair value of plan assets at beginning of year			409,811				398,403				216,623				202,242				135,701				109,056
Actual return on plan assets			(63,562	)			37,466				(45,328	)			25,204				(12,613	)			28,716
Employer contributions			1,232				1,382				1,640				1,989				136				470
Participant contributions			-				-				-				-				296				365
Other			-				-				-				996				-				-
Settlement payments			(200	)			(6,673	)			-				-				-				-
Benefits paid²			(20,495	)			(20,767	)			(8,369	)			(8,578	)			(2,738	)			(2,906	)
Foreign currency translation effect			-				-				(22,658	)			(5,230	)			-				-
Fair value of plan assets at end of year			326,786				409,811				141,908				216,623				120,782				135,701
Plan assets in excess of (less than) benefit obligation as of year end		$	56,912			$	48,599			$	(12,942	)		$	(21,776	)		$	96,608			$	104,439

Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]

Amounts in accumulated other comprehensive income (loss) that have not been recognized as components of net periodic benefit cost		*Pension Benefits*																*Other Postretirement*
		*U.S. Plans*								*Non-U.S. Plans*								*Benefits*
		*2022*				*2021*				*2022*				*2021*				*2022*				*2021*
Unrecognized actuarial loss		$	137,351			$	129,198			$	49,306			$	64,782			$	(8,530	)		$	(30,278	)
Unrecognized prior service (benefit) cost			-				(3	)			1,219				1,390				-				-
Ending balance		$	137,351			$	129,195			$	50,525			$	66,172			$	(8,530	)		$	(30,278	)

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

		*Pension Benefits*																*Other Postretirement*
		*U.S. Plans*								*Non-U.S. Plans*								*Benefits*
		*2022*				*2021*				*2022*				*2021*				*2022*				*2021*
Statement of financial position as of fiscal year-end
Non-current assets		$	69,826			$	66,157			$	16,790			$	24,772			$	98,848			$	107,323
Accrued benefit cost
Current liabilities			(1,248	)			(1,342	)			(1,727	)			(1,795	)			(218	)			(227	)
Non-current liabilities			(11,666	)			(16,216	)			(28,006	)			(44,753	)			(2,021	)			(2,657	)
Ending balance		$	56,912			$	48,599			$	(12,943	)		$	(21,776	)		$	96,609			$	104,439

Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]

		*Pension Benefits and Other Postretirement Benefits*
		*U.S. Plans*								*Non-U.S. Plans*
		*2022*				*2021*				*2022*				*2021*
Accumulated benefit obligation		$	12,914			$	17,558			$	36,820			$	48,912
Fair value of plan assets			-				-				9,617				11,350

		*Pension Benefits and Other Postretirement Benefits*
		*U.S. Plans*								*Non-U.S. Plans*
		*2022*				*2021*				*2022*				*2021*
Projected benefit obligation		$	12,914			$	17,558			$	39,350			$	131,174
Fair value of plan assets			-				-			$	9,617				84,626

Schedule of Expected Benefit Payments [Table Text Block]

			*Pension Benefits*								*Other*
							*Non-U.S.*				*Postretirement*
			*U.S. Plans*				*Plans*				*Benefits*
Employer contributions
2023			$	-			$	6			$	-
Expected benefit payments
2023				21,081				8,055				2,832
2024				21,247				8,132				2,731
2025				21,280				8,276				2,617
2026				21,247				8,559				2,519
2027- 2032				123,707				53,015				12,305

Schedule of Net Benefit Costs [Table Text Block]

		*Pension Benefits*																								*Other*
		*U.S. Plans*												*Non-U.S. Plans*												*Postretirement Benefits*
Net periodic cost (benefit)		*2022*				*2021*				*2020*				*2022*				*2021*				*2020*				*2022*				*2021*				*2020*
Service cost		$	-			$	-			$	-			$	2,765			$	3,280			$	2,950			$	-			$	21			$	73
Interest cost			9,653				9,299				11,738				2,893				2,941				3,158				748				822				1,135
Expected return on assets			(29,018	)			(31,123	)			(25,758	)			(6,465	)			(12,348	)			(11,312	)			(11,084	)			(8,945	)			(7,976	)
Amortization:
Prior service cost (benefit)			(3	)			(3	)			(3	)			63				69				64				-				-				-
Actuarial loss			4,132				3,198				7,195				2,411				4,053				3,829				(3,445	)			73				62
Curtailment loss			-				-				-				-				-				14				-				-				-
Settlement charge			-				-				-				3,329				-				67				-				-				-
Net periodic (benefit) cost		$	(15,237	)		$	(18,629	)		$	(6,828	)		$	4,996			$	(2,005	)		$	(1,230	)		$	(13,781	)		$	(8,029	)		$	(6,706	)

Defined Benefit Plan, Assumptions [Table Text Block]

		*Pension Benefits*																								*Other*
		*U.S. Plans*												*Non-U.S. Plans*												*Postretirement Benefits*
Weighted-average assumptions used to determine benefit obligations		*2022*				*2021*				*2020*				*2022*				*2021*				*2020*				*2022*				*2021*				*2020*
Discount rate			5.36	%			2.75	%			2.50	%			3.70	%			1.27	%			1.16	%			5.29	%			2.51	%			2.19	%
Rate of compensation increase¹			0.00	%			0.00	%			4.50	%			1.83	%			1.48	%			1.74	%			*N/A*				N/A				N/A

Weighted-average assumptions used to determine net costs for years ended		*2022*				*2021*				*2020*				*2022*				*2021*				*2020*				*2022*				*2021*				*2020*
Discount rate			2.75	%			2.50	%			3.17	%			1.29	%			1.19	%			1.34	%			2.51	%			2.19	%			3.00	%
Expected return on plan assets			7.00	%			7.24	%			7.49	%			3.49	%			6.15	%			6.23	%			8.25	%			8.25	%			8.50	%
Rate of compensation increase¹			0.00	%			0.00	%			4.50	%			1.68	%			1.67	%			1.74	%			*0.00*	%			0.00	%			N/A

Schedule of Health Care Cost Trend Rates [Table Text Block]

Assumed health care trend rates		*2022*				*2021*				*2020*
Health care cost trend rate assumed for next year			6.50	%			6.50	%			6.75	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)			5.75	%			5.00	%			5.00	%
Fiscal year that the rate reaches the ultimate trend rate		2026				2028				2028

Schedule of Allocation of Plan Assets [Table Text Block]

		*U.S. Pension Plans*												*Non-U.S. Pension Plans*												*Other Postretirement Plans*
						*Percentage of*												*Percentage of*												*Percentage of*
						*Plan Assets at*												*Plan Assets at*												*Plan Assets at*
		*Target*				*Year-End*								*Target*				*Year-End*								*Target*				*Year-End*
Asset Category		*2022*				*2022*				*2021*				*2022*				*2022*				*2021*				*2022*				*2022*				*2021*
Equities			55.0	%			53.1	%			57.7	%			24.8	%			25.5	%			21.3	%			0.0	%			0.0	%			0.0	%
Fixed income			45.0	%			45.8	%			40.1	%			75.2	%			70.0	%			67.0	%			0.0	%			0.0	%			0.0	%
Insurance			0.0	%			0.1	%			0.0	%			0.0	%			0.0	%			0.0	%			100.0	%			98.9	%			99.8	%
Cash¹			0.0	%			1.0	%			2.2	%			0.0	%			4.5	%			11.7	%			0.0	%			1.1	%			0.2	%
Total			100	%			100	%			100	%			100	%			100	%			100	%			100	%			100	%			100	%

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

		*December 3, 2022*
U.S. Pension Plans		*Level 1*				*Level 2*				*Level 3*				*Total Assets*
Equities		$	-			$	152,084			$	21,525			$	173,609
Fixed income			-				126,114				23,547				149,661
Insurance			-				-				179				179
Cash			3,337				-				-				3,337
Total categorized in the fair value hierarchy			3,337				278,198				45,251				326,786

Non-U.S. Pension Plans		*Level 1*				*Level 2*				*Level 3*				*Total Assets*
Equities		$	28,422			$	-			$	-			$	28,422
Fixed income			41,515				-				703				42,218
Cash			491				-				-				491
Total categorized in the fair value hierarchy			70,428				-				703				71,131
Other investments measured at NAV1															70,777
Total		$	70,428			$	-			$	703			$	141,908

Other Postretirement Benefits		*Level 1*				*Level 2*				*Level 3*				*Total Assets*
Insurance		$	-			$	-			$	119,446			$	119,446
Cash			1,336				-				-				1,336
Total		$	1,336			$	-			$	119,446			$	120,782

		*November 27, 2021*
U.S. Pension Plans		*Level 1*				*Level 2*				*Level 3*				*Total Assets*
Equities		$	-			$	236,557			$	-			$	236,557
Fixed income			-				164,133				186				164,319
Cash			8,935				-				-				8,935
Total categorized in the fair value hierarchy			8,935				400,690				186				409,811

Non-U.S. Pension Plans		*Level 1*				*Level 2*				*Level 3*				*Total Assets*
Equities		$	35,117			$	-			$	-			$	35,117
Fixed income			48,243				5,285				749				54,277
Cash			4,399				-				-				4,399
Total categorized in the fair value hierarchy			87,759				5,285				749				93,793
Other investments measured at NAV1															122,830
Total		$	87,759			$	5,285			$	749			$	216,623

Other Postretirement Benefits		*Level 1*				*Level 2*				*Level 3*				*Total Assets*
Insurance		$	-			$	-			$	135,484			$	135,484
Cash			217				-				-				217
Total		$	217			$	-			$	135,484			$	135,701

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

		*Fixed Income*
U.S. Pension Plans		*2022*				*2021*
Level 3 balance at beginning of year		$	186			$	205
Net transfers into / (out of) level 3			16,564				-
Purchases, sales, issuances and settlements, net			28,501				(19	)
Level 3 balance at end of year		$	45,251			$	186

		*Fixed Income*
Non-U.S. Pension Plans		*2022*				*2021*
Level 3 balance at beginning of year		$	749			$	770
Net transfers into / (out of) level 3			7				64
Net (losses)/gains			(1	)			(43	)
Currency change effect			(52	)			(42	)
Level 3 balance at end of year		$	703			$	749

		*Insurance*
Other Postretirement Benefits		*2022*				*2021*
Level 3 balance at beginning of year		$	135,484			$	108,406
Net transfers into / (out of) level 3			(1,992	)			(1,658	)
Purchases, sales, issuances and settlements, net			(1,122	)			(1,093	)
Net (losses)/gains			(12,924	)			29,829
Level 3 balance at end of year		$	119,446			$	135,484