xa0; We conducted our audit in accordance with the standards of the PCAOB. We believe that our audit provides a reasonable basis for our opinion. &# Changes in estimates are updated each reporting period. For this inventory, revenue is recognized in the period that the inventory is consumed. Sales to distributors require a distribution agreement or purchase order. Upon disposal, assets and related accumulated depreciation are removed. See Note 5 for further information. &# Fair value is generally determined using a DCF analysis or other valuation technique. Revenues and expenses are translated using average exchange rates during the year. The ARO is recognized at fair value when the liability is incurred. Any ineffectiveness is recognized in earnings in the current period. When additional paid-in capital is exhausted, the excess reduces retained earnings. In December 2018, the FASB also issued ASU No. 2018-10, Codification Improvements to Topic 842, Leases. We have included the disclosures required by this ASU in Note 15. &# The amendments in this ASU affect the guidance in ASU No. xa0; New Accounting Pronouncements In March 2020, the FASB issued ASU No. This ASU is applicable to our contracts and hedging relationships that reference LIBOR. Goodwill is deductible for tax purposes. The purchase price of $8,292 was funded through existing cash. xa0; Note 6: Leases We adopted ASU No. ASC 842 did not have a material impact on our Consolidated Statement of Income. In general, the company is not reasonably certain to exercise such options. &# There were no funds drawn from the short-term committed lines at November 28, 2020. &# xa0; 2 Public Notes, due February 15, 2027, $300,000 4.00 percent fixed. &# The dividend equivalent rights for restricted stock units are forfeitable. &# We provide a 10 percent match on deferred compensation invested in these units. &# All share-based compensation was recorded as SG&A expense. &# This discretionary contribution is in addition to the contributions described above. The swaps were designated as cash flow hedges for accounting treatment. Upon termination, we received $15,808 in cash. Corporate assets are not allocated to the operating segments. I have reviewed this Amendment No. 1& on Form 10-K/A of H.B. Fuller Company; & 2.
