Financial Analysis

"Note 3 Acquisitions Business acquisitions have been accounted for using the acquisition method, with the acquired assets and liabilities recorded at estimated fair value on the dates of acquisition. The cost in excess of the net assets of the business acquired is included in goodwill. Operating results since the respective dates of acquisitions are included in the Consolidated Statements of Income. 2024 Acquisition On August 21, 2024, the Company completed the acquisition of Atrion pursuant to the terms of the Agreement and Plan of Merger (the Merger Agreement), dated May 28, 2024, with Alpha Medical Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Nordson (Merger Sub), and Atrion. Pursuant to the Merger Agreement, Merger Sub merged with and into Atrion (the Merger), with Atrion surviving the Merger as a wholly owned subsidiary of Nordson. Atrion is a leader in proprietary medical infusion fluid delivery and niche cardiovascular solutions and will operate within our Medical and Fluid Solutions segment. The all-cash acquisition of Atrion of $789,996, net of cash acquired, was funded using borrowings under our revolving credit facility and the 364-day term loan agreement with a group of banks for a delayed draw term loan facility in the aggregate principal amount of $500,000 (see Note 9 for additional details) and cash on hand. Based on the fair value of the assets acquired and the liabilities assumed, the purchase price allocation resulted in the reco …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Note 17 Contingencies We are involved in pending or potential litigation regarding environmental, product liability, patent, contract, employee and other matters arising from the normal course of business. After consultation with legal counsel, we do not believe that losses in excess of the amounts we have accrued would have a material adverse effect on our financial condition, quarterly or annual operating results or cash flows. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Note 14 Stock-based compensation During the 2021 Annual Meeting of Shareholders, our shareholders approved the Nordson Corporation 2021 Stock Incentive and Award Plan (the 2021 Plan) as the successor to the Amended and Restated 2012 Stock Incentive and Award Plan (the ""2012 Plan""). The 2021 Plan provides for the granting of stock options, stock appreciation rights, restricted shares, restricted share units, performance shares, cash awards and other stock or performance-based incentives. A maximum of 900 common shares were authorized for grant under the 2021 Plan plus the number of shares that were available to be granted under the 2012 Plan, as well as issuable under the CyberOptics equity plan. As of October 31, 2025, a total of 2,081 common shares were available to be granted under the 2021 Plan. Stock options Nonqualified or incentive stock options may be granted to our employees and directors. Generally, options granted to employees may be exercised beginning one year from the date of grant at a rate not exceeding 25 percent per year and expire 10 years from the date of grant. Vesting accelerates upon a qualified termination in connection with a change in control. In the event of termination of employment due to early retirement or normal retirement at age 65, options granted within 12 months prior to termination are forfeited, and vesting continues post-retirement for all other unvested options granted. In the event of disability or death, all unvested stock options g …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Note 11 Fair value measurements The inputs to the valuation techniques used to measure fair value are classified into the following categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The following tables present the classification of our assets and liabilities measured at fair value on a recurring basis: 2025 Total Level 1 Level 2 Level 3 Net derivative contracts (1) $ (55,367) $ $ (55,367) $ Deferred compensation plans (2) $ (11,885) $ $ (11,885) $ 2024 Total Level 1 Level 2 Level 3 Net derivative contracts (1) $ (16,388) $ $ (16,388) $ Deferred compensation plans (2) $ (9,615) $ $ (9,615) $ (1) Derivative contracts are valued using an industry standard market approach, in which prices and other relevant information is generated by market transactions involving identical or comparable assets or liabilities. Refer to Note 12 for balance sheet classification of derivatives. (2) Executive officers and other highly compensated employees may defer up to 100 percent of their salary and annual cash incentive compensation and for executive officers, up to 90 percent of their long-term incentive compensation, into various non-qualified deferred compensation plans. Deferrals can be allocated to various market performance measurement funds. Changes in the value of compens …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"Note 6 Goodwill and intangible assets We account for goodwill and other intangible assets in accordance with the provisions of ASC 350 and account for business combinations using the acquisition method of accounting and accordingly, the assets and liabilities of the entities acquired are recorded at their estimated fair values at the acquisition date. Goodwill is the excess of purchase price over the fair value of tangible and identifiable intangible net assets acquired in various business combinations. Goodwill is not amortized but is subject to annual impairment testing. Our annual impairment testing is performed as of August 1. Testing is done more frequently if an event occurs or circumstances change that would indicate the fair value of a reporting unit is less than the carrying amount of those assets. We assess the fair value of reporting units on an annual basis using a quantitative analysis that uses a combination of the Income Approach and the guideline public company method of the Market Approach, and compare the result against the reporting units carrying value of net assets. The implied fair value of our reporting units is determined based on significant unobservable inputs, as discussed below; accordingly, these inputs fall within Level 3 of the fair value hierarchy. The Income Approach uses assumptions for revenue growth, operating margin and working capital turnover that are based on managements strategic plans tempered by performance trends and reasonable exp …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

"Note 8 Income taxes Income before income taxes and income tax expense (benefit) are comprised of the following: 2025 2024 2023 Income before income taxes: Domestic $ 430,297 $ 314,263 $ 269,934 Foreign 167,351 271,218 345,405 Total income before income taxes $ 597,648 $ 585,481 $ 615,339 Current: U.S. federal $ 73,858 $ 65,085 $ 54,157 State and local 9,501 2,017 285 Foreign 42,426 69,652 89,520 Total current $ 125,785 $ 136,754 $ 143,962 Deferred: U.S. federal $ (8,868) $ (11,622) $ (9,119) State and local (1,124) (1,387) (1,279) Foreign (2,619) (5,548) (5,718) Total deferred (12,611) (18,557) (16,116) $ 113,174 $ 118,197 $ 127,846 A reconciliation of the U.S. statutory federal rate to the worldwide consolidated effective tax rate follows: 2025 2024 2023 Statutory federal income tax rate 21.00 % 21.00 % 21.00 % Share-based and other compensation 0.14 (0.02) (0.25) Foreign tax rate variances 0.78 1.22 1.83 State and local taxes, net of federal income tax benefit 1.11 0.08 (0.13) Foreign-Derived Intangible Income Deduction (2.49) (2.54) (2.24) Global Intangible Low-Taxed Income net of foreign tax credits 0.40 0.71 Changes in federal valuation allowances (0.73) 0.68 1.45 Changes in unrecognized tax benefits (0.25) 0.05 (0.17) Other net (0.62) (0.68) (1.42) Effective tax rate 18.94 % 20.19 % 20.78 % Deferred income taxes are not provided on undistributed earnings of international subsidiaries that are intended to be permanently invested in their operations. These undistributed …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Note 10 Leases We review new contracts to determine if the contracts include a lease. To the extent a lease agreement includes an extension option that is reasonably certain to be exercised, we have recognized those amounts as part of the right-of-use assets and lease liabilities. We combine lease and non-lease components, such as common area maintenance, in the calculation of the lease assets and related liabilities. As most lease agreements do not provide an implicit rate, we use an incremental borrowing rate (""IBR"") based on information available at the lease commencement date in determining the present value of lease payments and to help classify the lease as operating or financing. We calculate the IBR based on a bond yield curve which considers secured borrowing rates based on our credit rating and current economic environment, as well as other publicly available data. We lease certain manufacturing facilities, warehouse space, machinery and equipment, and vehicles. We often have options to renew lease terms for buildings and other assets. We evaluate renewal and termination options at the lease commencement date to determine if we are reasonably certain to exercise the option on the basis of economic factors. Leases with an initial term of 12 months or less (short-term leases) are not recorded on the Consolidated Balance Sheets. Lease expense for operating leases is recognized on a straight-line basis over the lease term, with variable lease payments recognized in t …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Note 9 Long-term debt A summary of long-term debt is as follows: 2025 2024 Notes Payable $ $ 18,285 Revolving credit agreement, due 2028 135,000 240,000 Term loan, due 2026 265,000 280,000 Senior notes, due 2025 8,500 Senior notes, due 2025-2027 20,000 37,143 Senior notes, due 2025-2030 130,000 190,000 5.600% Notes due 2028 350,000 350,000 5.800% Notes due 2033 500,000 500,000 4.500% Notes due 2029 600,000 600,000 2,000,000 2,223,928 Less current maturities 315,000 103,928 Less unamortized debt issuance costs 13,167 16,359 Less bond discounts 2,065 2,444 Plus impact of interest rate swaps 11,486 Long-term maturities $ 1,681,254 $ 2,101,197 Revolving credit agreement In June 2023, we entered into a $1,150,000 unsecured multi-currency credit facility with a group of banks, which provides for a term loan facility in the aggregate principal amount of $300,000 (the ""Term Loan Facility""), maturing in June 2026, and a multicurrency revolving credit facility in the aggregate principal amount of $850,000 (the ""Revolving Facility""), maturing in June 2028 (the ""Credit Agreement""). In June 2024, the Revolving Facility was amended to increase the aggregate principal amount to $922,500. The Company borrowed and has outstanding $265,000 on the Term Loan Facility and $135,000 on the Revolving Facility as of October 31, 2025 . The Revolving Facility permits borrowing in U.S. dollars, Euros, Sterling, Swiss Francs, Singapore dollars, Yen, and each other currency approved by a Revolving …

LongTermDebtTextBlock · excerpt; the full note is in the filing

"Note 7 Retirement, pension and other postretirement plans Retirement plans We have funded contributory retirement plans covering certain employees. Our contributions are primarily determined by the terms of the plans, subject to the limitation that they shall not exceed the amounts deductible for income tax purposes. We also sponsor unfunded contributory supplemental retirement plans for certain employees. Generally, benefits under these plans vest gradually over a period of approximately three years from date of employment and are based on the employees contribution. The expense applicable to retirement plans for 2025, 2024 and 2023 was approximately $32,351, $30,564 and $29,511, respectively. Pension plans We have various pension plans covering a portion of our United States and international employees. Pension plan benefits are generally based on years of employment and, for salaried employees, the level of compensation. Actuarially determined amounts are contributed to United States plans to provide sufficient assets to meet future benefit payment requirements. We also sponsor an unfunded supplemental pension plan for certain employees. International subsidiaries fund their pension plans according to local requirements. A reconciliation of the benefit obligations, plan assets, accrued benefit cost and the amount recognized in financial statements for pension plans is as follows: United States International 2025 2024 2025 2024 Change in benefit obligation: Benefit obligat …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Note 15 Operating segments and geographic area data We conduct business in three primary operating segments. Industrial Precision Solutions: This segment focuses on delivering proprietary dispensing and processing technology, both standard and highly customized equipment, to diverse end markets. Product lines commonly reduce material consumption, increase line efficiency through precision dispensing and enhance product brand and appearance. Components are used for dispensing adhesives, coatings, paint, finishes, sealants and other materials. This segment primarily serves the industrial, agricultural, consumer durables and non-durables markets. Medical and Fluid Solutions: This segment includes the Companys fluid management solutions for medical, high-tech industrial and other diverse end markets. Related plastic tubing, balloons, catheters, syringes, cartridges, tips and fluid connection components are used to dispense or control fluids within customers medical devices or products, as well as production processes. Advanced Technology Solutions: This segment focuses on products serving electronics and consumer non-durable end markets. Advanced Technology Solutions products integrate our proprietary product technologies found in progressive stages of an electronics customers production and measurement and control processes, such as surface treatment, precisely controlled dispensing of material and test and inspection to ensure quality and reliability. Applications include, but …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 1 Significant accounting policies Consolidation The consolidated financial statements include the accounts of Nordson Corporation and its 100%-owned and controlled subsidiaries. Investments in affiliates and joint ventures in which our ownership is 50 percent or less or in which we do not have control but have the ability to exercise significant influence, are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and notes. Actual amounts could differ from these estimates. Fiscal year Our fiscal year is November 1 through October 31. Revenue recognition A contract exists when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of the consideration is probable. Revenue is recognized when performance obligations under the terms of the contract with a customer are satisfied. Generally, our revenue results from short-term, fixed-price contracts and primarily is recognized as of a point in time when the product is shipped or at a later point when the control of the product transfers to the customer. For products …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Note 13 Capital shares Preferred We have authorized 10,000 Series A convertible preferred shares without par value. No preferred shares were outstanding in 2025, 2024 or 2023. Common We have 160,000 authorized common shares without par value. At October 31, 2025 and 2024, there were 98,023 common shares issued. At October 31, 2025 and 2024, the number of outstanding common shares, net of treasury shares, was 55,920 and 57,197, respectively. Common shares repurchased as part of publicly announced programs during 2025, 2024 and 2023 were as follows: Year Number of Shares Total Amount Average per Share 2025 1,400 $ 299,565 $ 214.03 2024 123 28,198 228.60 2023 373 79,786 213.62 These amounts exclude share repurchases associated with employee equity award exercises and vesting. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Acquisitions Business acquisitions have been accounted for using the acquisition method, with the acquired assets and liabilities recorded at estimated fair value on the dates of acquisition. The cost in excess of the net assets of the business acquired is included in goodwill. Operating results since the respective dates of acquisitions are included in the Condensed Consolidated Statements of Income.

BusinessCombinationDisclosureTextBlock

Contingencies We are involved in pending or potential litigation regarding environmental, product liability, patent, contract, employee and other matters arising from the normal course of business. After consultation with legal counsel, we do not believe that losses in excess of the amounts we have accrued would have a material adverse effect on our financial condition, quarterly or annual operating results or cash flows.

CommitmentsAndContingenciesDisclosureTextBlock

Fair value measurements The inputs to the valuation techniques used to measure fair value are classified into the following categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The following tables present the classification of our assets and liabilities measured at fair value on a recurring basis: January 31, 2026 Total Level 1 Level 2 Level 3 Net derivative contracts (1) $ (59,465) $ $ (59,465) $ Deferred compensation plans (2) (13,356) (13,356) Minority interest investment (3) 29,238 29,238 October 31, 2025 Total Level 1 Level 2 Level 3 Net derivative contracts (1) $ (55,367) $ $ (55,367) $ Deferred compensation plans (2) (11,885) (11,885) (1) Derivative contracts are valued using an industry standard market approach, in which prices and other relevant information is generated by market transactions involving identical or comparable assets or liabilities. Refer to Derivative financial instruments note for balance sheet classification of derivatives. (2) Executive officers and other highly compensated employees may defer up to 100% of their salary and annual cash incentive compensation and for executive officers, up to 90% of their long-term incentive compensation, into various non-qualified deferred compensation plans. Deferrals can be allocated to various mark …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"Goodwill and other intangible assets Our reporting units are the same as our reportable operating segments, Industrial Precision Solutions (""IPS""), Medical and Fluid Solutions (""MFS""), and the Advanced Technology Solutions (""ATS"") segments. Changes in the carrying amount of goodwill for th e three months ended January 31, 2026 by operating segment : IPS MFS ATS Total Balance at October 31, 2025 $ 1,210,366 $ 1,647,468 $ 446,851 $ 3,304,685 Currency effect 23,125 1,163 3,271 27,559 Balance at January 31, 2026 $ 1,233,491 $ 1,648,631 $ 450,122 $ 3,332,244 Information regarding intangible assets subject to amortization: January 31, 2026 Carrying Amount Accumulated Amortization Net Book Value Customer relationships $ 910,541 $ 405,243 $ 505,298 Patent/technology costs 237,558 162,588 74,970 Trade name 170,403 79,215 91,188 Non-compete agreements 8,686 8,686 Other 921 921 Total $ 1,328,109 $ 656,653 $ 671,456 October 31, 2025 Carrying Amount Accumulated Amortization Net Book Value Customer relationships $ 899,402 $ 390,751 $ 508,651 Patent/technology costs 235,255 155,865 79,390 Trade name 169,127 75,581 93,546 Non-compete agreements 8,596 8,596 Other 929 929 Total $ 1,313,309 $ 631,722 $ 681,587 Amortization expense for the three months ended January 31, 2026 and 2025 was $19,569 and $19,311, respectively."

GoodwillAndIntangibleAssetsDisclosureTextBlock

"Income taxes We record our interim provision for income taxes based on our estimated annual effective tax rate, as well as certain items discrete to the current period. The effective tax rate for the three months ended January 31, 2026 and 2025 was 18.9% and 19.0%, respectively. The effective tax rate for the three months ended January 31, 2026 was lower than the U.S. tax rate of 21% primarily due to the foreign-derived intangible income deduction. One Big Beautiful Bill Act On July 4, 2025, the One Big Beautiful Bill Act (the ""OBBBA"") was signed into law in the United States. The OBBBA includes significant tax law changes, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. While several provisions under the OBBBA begin to take effect during the Companys fiscal year ended October 31, 2026, the OBBBA did not have a material impact on the Companys consolidated financial statements in the three months ended January 31, 2026. The Company will continue to assess the impact of the OBBBA for the year ending October 31, 2026. The OBBBA is not expected to have a material impact on the effective tax rate."

IncomeTaxDisclosureTextBlock

Long-term debt A summary of long-term debt is as follows: January 31, 2026 October 31, 2025 Notes Payable $ 4,312 $ Revolving credit agreement, due 2031 400,000 Revolving credit agreement, due 2028 135,000 Term loan due 2026 265,000 Senior notes, due 2026-2027 20,000 20,000 Senior notes, due 2026-2030 130,000 130,000 5.600% Notes due 2028 350,000 350,000 5.800% Notes due 2033 500,000 500,000 4.500% Notes due 2029 600,000 600,000 2,004,312 2,000,000 Less current maturities 54,312 315,000 Less unamortized debt issuance costs 13,978 13,167 Less bond discounts 1,971 2,065 Plus impact of interest rate swaps 9,131 11,486 Long-term maturities $ 1,943,182 $ 1,681,254 Revolving credit agreement In January 2026, we entered into a $1,200,000 senior unsecured multicurrency revolving credit facility with a group of banks, maturing in January 2031 (the Revolving Credit Agreement), which amended and restated the Companys previous unsecured senior credit agreement, dated June 6, 2023, that included a term loan facility in the aggregate principal amount of $300,000, maturing in June 2026, and a multicurrency revolving credit facility in the aggregate principal amount of $922,500, maturing in June 2028. The Company borrowed and had $400,000 outstanding on the Revolving Credit Agreement as of January 31, 2026. The Revolving Credit Agreement permits borrowing in U.S. Dollars, Euros, Sterling, Swiss Francs, Singapore Dollars, Japanese Yen, and each other currency approved by the Revolving Agent a …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recently issued accounting standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 requires enhanced disclosures about significant segment expenses and enhanced disclosures in interim periods. The guidance in ASU 2023-07 is to be applied retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2023 and interim reporting periods in fiscal years beginning after December 31, 2024, with early adoption permitted. The Company adopted the guidance of ASU 2023-07 during the fourth quarter of 2025. See Operating Segments Note. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 is intended to improve income tax disclosure requirements by requiring specific disclosure in the rate reconciliation and additional infor mation for reconciling items that meet a quantitative threshold. The guidance in ASU 2023-09 will be effective for annual reporting periods in fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact that the adoption of ASU 2023-09 will have on its consolidated financial statements and disclosures and anticipates adoption in fiscal 2026 in its Annual Report on Form 10-K for the year ending October 31, 2026. In November 2024, the FASB issued ASU 2024-03, Income Statement (Topic 220): Reporting Comprehensive Income. ASU 2024- …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Pension and other postretirement plans The components of net periodic pension costs for the three months ended January 31, 2026 and 2025 were: U.S. International 2026 2025 2026 2025 Service cost $ 2,062 $ 2,531 $ 133 $ 232 Interest cost 4,580 4,691 604 623 Expected return on plan assets (6,645) (6,609) (547) (638) Amortization of prior service credit (2) (2) Amortization of net actuarial (gain) loss 1,051 474 (86) (67) Total benefit cost $ 1,048 $ 1,087 $ 102 $ 148 The components of other postretirement benefit costs, for plans in the United States, for the three months ended January 31, 2026 and 2025: 2026 2025 Service cost $ 35 $ 59 Interest cost 522 650 Amortization of net actuarial gain (413) (126) Total benefit cost $ 144 $ 583 The components of net periodic pension and other postretirement cost, other than service cost, are included in Other net in our Condensed Consolidated Statements of Income. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Operating segments We conduct business in three p rimary operating segments: Industrial Precision Solutions: This segment focuses on delivering proprietary dispensing and processing technology, both standard and highly customized equipment, to diverse end markets. Product lines commonly reduce material consumption, increase line efficiency through precision dispensing and enhance product brand and appearance. Components are used for dispensing adhesives, coatings, paint, finishes, sealants and other materials. This segment primarily serves the industrial, agricultural, consumer durables and non-durables markets. Medical and Fluid Solutions: This segment includes the Companys fluid management solutions for medical, high-tech industrial and other diverse end markets. Related plastic tubing, balloons, catheters, syringes, cartridges, tips and fluid connection components are used to dispense or control fluids within customers medical devices or products, as well as production processes. Advanced Technology Solutions: This segment focuses on products serving electronics and consumer non-durable end markets. Advanced Technology Solutions products integrate our proprietary product technologies found in progressive stages of an electronics customers production and measurement and control processes, such as surface treatment, precisely controlled dispensing of material and test and inspection to ensure quality and reliability. Applications include, but are not limited to, semiconduct …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Significant accounting policies Basis of presentation . The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles in the United States (""U.S. GAAP"") for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended January 31, 2026 are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the Consolidated Financial Statements and notes included in our Annual Report on Form 10-K for the year ended October 31, 2025. Consolidation . The Condensed Consolidated Financial Statements include the accounts of Nordson Corporation and its 100%-owned and controlled subsidiaries. Investments in affiliates and joint ventures in which our ownership is 50% or less or in which we do not have control but have the ability to exercise significant influence are accounted for under the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of estimates . The preparation of financial statements in conf …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing