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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Aug. 29, 2015
May. 30, 2015
Current Assets:    
Cash and cash equivalents $ 52.0 $ 63.7
Marketable securities 5.7 5.7
Accounts and notes receivable, net 202.2 189.6
Inventories, net 136.9 129.6
Prepaid expenses and other 74.7 74.9
Total current assets 471.5 463.5
Property and equipment, at cost 883.9 868.6
Less — accumulated depreciation (631.0) (619.1)
Net property and equipment 252.9 249.5
Goodwill 303.0 303.1
Indefinite-lived intangibles 85.2 85.2
Other amortizable intangibles, net 50.9 52.3
Other noncurrent assets 33.5 34.6
Total Assets 1,197.0 1,188.2
Current Liabilities:    
Accounts payable 151.6 164.7
Accrued compensation and benefits 70.7 66.6
Accrued warranty 27.0 26.8
Other accrued liabilities 107.0 92.8
Total current liabilities 356.3 350.9
Long-term debt 268.0 290.0
Pension and post-retirement benefits 27.1 27.8
Other liabilities 62.4 61.0
Total Liabilities 713.8 729.7
Redeemable noncontrolling interests 31.5 30.4
Stockholders' Equity:    
Preferred stock, no par value (10,000,000 shares authorized, none issued) 0.0 0.0
Common stock, $0.20 par value (240,000,000 shares authorized, 59,860,070 and 59,694,611 shares issued and outstanding in 2016 and 2015, respectively) 12.0 11.9
Additional paid-in capital 137.3 135.1
Retained earnings 361.8 338.0
Accumulated other comprehensive loss (58.8) (56.2)
Key executive deferred compensation plans (1.2) (1.2)
Herman Miller, Inc. Stockholders' Equity 451.1 427.6
Noncontrolling Interests 0.6 0.5
Total Stockholders' Equity 451.7 428.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 1,197.0 $ 1,188.2