Note 10 - Pension and Postretirement Benefits (Tables)

12 Months Ended

Dec. 02, 2023

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
	2023			2022			2023			2022			2023			2022
Change in projected benefit obligation
Benefit obligation at beginning of year	$	269,874		$	361,212		$	154,850		$	238,400		$	24,173		$	31,262
Service cost		-			-			1,670			2,765			-			-
Interest cost		13,901			9,653			5,726			2,893			1,205			748
Participant contributions		-			-			-			-			232			296
Actuarial gain1		(7,298	)		(80,296	)		(12,435	)		(57,159	)		(611	)		(5,395	)
Curtailments		-			-			-			231			-			-
Settlement payments		(141	)		(200	)		(252	)		(7,988	)		-			-
Benefits paid		(20,946	)		(20,495	)		(7,663	)		(8,370	)		(2,866	)		(2,738	)
Foreign currency translation effect		-			-			4,900			(15,922	)		-			-
Benefit obligation at end of year		255,390			269,874			146,796			154,850			22,133			24,173
Change in plan assets
Fair value of plan assets at beginning of year		326,786			409,811			141,908			216,623			120,782			135,701
Actual return on plan assets		12,811			(63,562	)		(5,545	)		(45,328	)		15,160			(12,613	)
Employer contributions		1,228			1,232			1,744			1,640			145			136
Participant contributions		-			-			-			-			232			296
Settlement payments		(141	)		(200	)		-			-			-			-
Benefits paid2		(20,946	)		(20,495	)		(7,663	)		(8,369	)		(2,866	)		(2,738	)
Foreign currency translation effect		-			-			4,178			(22,658	)		-			-
Fair value of plan assets at end of year		319,738			326,786			134,622			141,908			133,453			120,782
Plan assets in excess of (less than) benefit obligation as of year end	$	64,348		$	56,912		$	(12,174	)	$	(12,942	)	$	111,320		$	96,608

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
	2023		2022		2023		2022		2023			2022
Unrecognized actuarial loss (gain)	$	143,522	$	137,351	$	49,128	$	49,306	$	(14,442	)	$	(8,530	)
Unrecognized prior service cost		-		-		1,196		1,219		-			-
Ending balance	$	143,522	$	137,351	$	50,324	$	50,525	$	(14,442	)	$	(8,530	)

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

	Pension Benefits												Other Postretirement
	U.S. Plans						Non-U.S. Plans						Benefits
	2023			2022			2023			2022			2023			2022
Statement of financial position as of fiscal year-end
Non-current assets	$	76,677		$	69,826		$	15,635		$	16,790		$	113,431		$	98,848
Accrued benefit cost
Current liabilities		(1,239	)		(1,248	)		(1,464	)		(1,727	)		(218	)		(218	)
Non-current liabilities		(11,089	)		(11,666	)		(26,345	)		(28,006	)		(1,893	)		(2,021	)
Ending balance	$	64,349		$	56,912		$	(12,174	)	$	(12,943	)	$	111,320		$	96,609

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
	2023		2022		2023		2022
Accumulated benefit obligation	$	12,329	$	12,914	$	35,034	$	36,820
Fair value of plan assets		-		-		9,700		9,617

	Pension Benefits and Other Postretirement Benefits
	U.S. Plans				Non-U.S. Plans
	2023		2022		2023		2022
Projected benefit obligation	$	12,329	$	12,914	$	37,510	$	39,350
Fair value of plan assets		-		-	$	9,700		9,617

Schedule of Expected Benefit Payments [Table Text Block]

	Pension Benefits				Other
			Non-U.S.		Postretirement
	U.S. Plans		Plans		Benefits
Employer contributions
2024	$	-	$	5	$	-
Expected benefit payments
2024		21,330		8,387		2,723
2025		21,351		8,470		2,622
2026		21,251		8,651		2,512
2027		21,168		8,948		2,382
2028- 2033		121,219		53,787		11,487

Schedule of Net Benefit Costs [Table Text Block]

	Pension Benefits																		Other
	U.S. Plans									Non-U.S. Plans									Postretirement Benefits
Net periodic cost (benefit)	2023			2022			2021			2023			2022			2021			2023			2022			2021
Service cost	$	-		$	-		$	-		$	1,670		$	2,765		$	3,280		$	-		$	-		$	21
Interest cost		13,901			9,653			9,299			5,726			2,893			2,941			1,205			748			822
Expected return on assets		(28,821	)		(29,018	)		(31,123	)		(7,027	)		(6,465	)		(12,348	)		(9,859	)		(11,084	)		(8,945	)
Amortization:
Prior service (benefit) cost		-			(3	)		(3	)		62			63			69			-			-			-
Actuarial loss (gain)		2,541			4,132			3,198			1,993			2,411			4,053			-			(3,445	)		73
Settlement charge		-			-			-			19			3,329			-			-			-			-
Net periodic (benefit) cost	$	(12,379	)	$	(15,237	)	$	(18,629	)	$	2,443		$	4,996		$	(2,005	)	$	(8,654	)	$	(13,781	)	$	(8,029	)

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	2023			2022			2021			2023			2022			2021			2023			2022			2021
Discount rate		5.66	%		5.36	%		2.75	%		4.37	%		3.70	%		1.27	%		5.61	%		5.29	%		2.51	%
Rate of compensation increase1		0.00	%		0.00	%		0.00	%		1.82	%		1.83	%		1.48	%		N/A			N/A			N/A

Weighted-average assumptions used to determine net costs for years ended	2023			2022			2021			2023			2022			2021			2023			2022			2021
Discount rate		5.36	%		2.75	%		2.50	%		3.71	%		1.29	%		1.19	%		5.29	%		2.51	%		2.19	%
Expected return on plan assets		7.75	%		7.00	%		7.24	%		5.02	%		3.49	%		6.15	%		8.25	%		8.25	%		8.25	%
Rate of compensation increase1		0.00	%		0.00	%		0.00	%		1.82	%		1.68	%		1.67	%		0.00	%		0.00	%		0.00	%

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

Assumed health care trend rates	2023			2022			2021
Health care cost trend rate assumed for next year		6.25	%		6.50	%		6.50	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.75	%		5.75	%		5.00	%
Fiscal year that the rate reaches the ultimate trend rate	2026			2026			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	2023			2023			2022			2023			2023			2022			2023			2023			2022
Equities		55.0	%		53.8	%		53.1	%		21.0	%		22.0	%		25.5	%		0.0	%		0.0	%		0.0	%
Fixed income		45.0	%		44.9	%		45.8	%		79.0	%		77.2	%		70.0	%		0.0	%		0.0	%		0.0	%
Insurance		0.0	%		0.0	%		0.1	%		0.0	%		0.0	%		0.0	%		100.0	%		99.5	%		98.9	%
Cash1		0.0	%		1.3	%		1.0	%		0.0	%		0.8	%		4.5	%		0.0	%		0.5	%		1.1	%
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%

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

	December 2, 2023
U.S. Pension Plans	Level 1		Level 2		Level 3		Total Assets
Equities	$	-	$	172,166	$	-	$	172,166
Fixed income		-		129,044		-		129,044
Cash		4,054		-		-		4,054
Total categorized in the fair value hierarchy		4,054		301,210		-		305,264
Other investments measured at NAV1		-		-		-		14,474
Total	$	4,054	$	301,210	$	-	$	319,738

Non-U.S. Pension Plans	Level 1		Level 2		Level 3		Total Assets
Equities	$	29,601	$	-	$	-	$	29,601
Fixed income		40,686		-		726		41,412
Cash		1,137		-		-		1,137
Total categorized in the fair value hierarchy		71,424		-		726		72,150
Other investments measured at NAV1								62,472
Total	$	71,424	$	-	$	726	$	134,622

Other Postretirement Benefits	Level 1		Level 2		Level 3		Total Assets
Insurance	$	-	$	-	$	132,754	$	132,754
Cash		699		-		-		699
Total	$	699	$	-	$	132,754	$	133,453

	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

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

	Fixed Income
U.S. Pension Plans	2023			2022
Level 3 balance at beginning of year	$	45,251		$	186
Net transfers (out of)/into level 3		(45,072	)	$	16,564
Purchases, sales, issuances and settlements, net		(179	)		28,501
Level 3 balance at end of year	$	-		$	45,251

	Fixed Income
Non-U.S. Pension Plans	2023		2022
Level 3 balance at beginning of year	$	703	$	749
Net transfers into level 3		-		7
Net losses		-		(1	)
Currency change effect		23		(52	)
Level 3 balance at end of year	$	726	$	703

	Insurance
Other Postretirement Benefits	2023			2022
Level 3 balance at beginning of year	$	119,446		$	135,484
Net transfers out of level 3		-			(1,992	)
Purchases, sales, issuances and settlements, net		(1,144	)		(1,122	)
Net gains/(losses)		14,452			(12,924	)
Level 3 balance at end of year	$	132,754		$	119,446