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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 02, 2024
Dec. 02, 2023
Current assets:    
Cash and cash equivalents $ 165,249 $ 179,453
Trade receivables (net of allowances of $11,658 and $11,080, as of March 2, 2024 and December 2, 2023, respectively) 525,689 577,932
Inventories 490,179 442,040
Other current assets 115,731 112,678
Total current assets 1,296,848 1,312,103
Property, plant and equipment 1,772,088 1,755,035
Accumulated depreciation (949,189) (930,380)
Property, plant and equipment, net 822,899 824,655
Goodwill 1,486,784 1,486,512
Other intangibles, net 702,307 729,140
Other assets 373,135 371,165
Total assets 4,681,973 4,723,575
Current liabilities    
Notes payable 1,544 1,841
Trade payables 460,649 439,700
Accrued compensation 63,116 95,680
Income taxes payable 49,516 47,688
Other accrued expenses 78,352 107,902
Total current liabilities 653,177 692,811
Long-term debt 1,829,253 1,836,590
Accrued pension liabilities 50,529 50,189
Other liabilities 380,769 388,072
Total liabilities 2,913,728 2,967,662
Commitments and contingencies (Note 12)
H.B. Fuller stockholders' equity:    
Preferred stock (no shares outstanding) shares authorized – 10,045,900 0 0
Common stock, par value $1.00 per share, shares authorized – 160,000,000, shares outstanding – 54,437,953 and 54,092,987 as of March 2, 2024 and December 2, 2023, respectively 54,438 54,093
Additional paid-in capital 309,624 301,485
Retained earnings 1,862,252 1,842,507
Accumulated other comprehensive loss (458,789) (442,880)
Total H.B. Fuller stockholders' equity 1,767,525 1,755,205
Non-controlling interest 720 708
Total equity 1,768,245 1,755,913
Total liabilities, non-controlling interest and total equity $ 4,681,973 $ 4,723,575