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Note 8 - Accumulated Other Comprehensive Income (Loss)

6 Months Ended

May 31, 2025

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

Note 8: Accumulated Other Comprehensive Income (Loss)

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

	*Three Months Ended May 31, 2025*											*Three Months Ended June 1, 2024*
										*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							$	41,828		$	17							$	51,264		$	33
Foreign currency translation¹	$	123,602		$	-			123,602			48	$	(26,894	)	$	-			(26,894	)		(32	)
Defined benefit pension plans adjustment²		194			(53	)		141			-		555			(136	)		419			-
Interest rate swaps³		(3,206	)		780			(2,426	)		-		13,493			(3,297	)		10,196			-
Net investment hedges³		(60,068	)		14,619			(45,449	)		-		163			(40	)		123			-
Other comprehensive income (loss)	$	60,522		$	15,346		$	75,868		$	48	$	(12,683	)	$	(3,473	)	$	(16,156	)	$	(32	)
Comprehensive income							$	117,696		$	65							$	35,108		$	1

	*Six Months Ended May 31, 2025*											*Six Months Ended June 1, 2024*
										*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							$	55,076		$	33							$	82,255		$	54
Foreign currency translation adjustment¹	$	102,599		$	-			102,599			65	$	(165,302	)	$	-			(46,247	)		(41	)
Defined benefit pension plans adjustment²		373			(102	)		271			-		3,376			(838	)		2,538			-
Interest rate swap³		(4,722	)		1,149			(3,573	)		-		10,217			(2,486	)		7,731			-
Net investment hedges³		(50,824	)		12,369			(38,455	)		-		5,188			(1,275	)		3,913			-
Other comprehensive income (loss)	$	47,426		$	13,416		$	60,842		$	65	$	(146,521	)	$	(4,599	)	$	(32,065	)	$	(41	)
Comprehensive income							$	115,918		$	98							$	50,190		$	13

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 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 31, 2025

Non-

H.B. Fuller

controlling

Total

Stockholders

Interest

Foreign currency translation adjustment

(219,650

)

(219,199

)

(451

)

Defined benefit pension plans adjustment, net of taxes of $54,442

(88,760

)

(88,760

)

Interest rate swap, net of taxes of $3,318

(10,317

)

(10,317

)

Net investment hedges, net of taxes of $24,425

(75,936

)

(75,936

)

Reclassification of AOCI tax effects

(18,341

)

(18,341

)

Accumulated other comprehensive loss

(413,004

)

(412,553

)

(451

)

	*November 30, 2024*
							*Non-*
				*H.B. Fuller*			*controlling*
	*Total*			*Stockholders*			*Interest*
Foreign currency translation adjustment	$	(322,184	)	$	(321,798	)	$	(386	)
Defined benefit pension plans adjustment, net of taxes of $54,545		(89,031	)		(89,031	)		-
Interest rate swap, net of taxes of $2,169		(6,744	)		(6,744	)		-
Net investment hedges, net of taxes of $12,056		(37,481	)		(37,481	)		-
Reclassification of AOCI tax effects		(18,341	)		(18,341	)		-
Accumulated other comprehensive loss	$	(473,781	)	$	(473,395	)	$	(386	)