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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 03, 2016
May 28, 2016
Current Assets:    
Cash and cash equivalents $ 65.1 $ 84.9
Marketable securities 7.7 7.5
Accounts and notes receivable, net 183.6 211.0
Inventories, net 146.2 128.2
Prepaid expenses and other 48.3 48.9
Total current assets 450.9 480.5
Property and equipment, at cost 944.9 929.0
Less — accumulated depreciation (656.7) (648.9)
Net property and equipment 288.2 280.1
Goodwill 304.9 305.3
Indefinite-lived intangibles 85.2 85.2
Other amortizable intangibles, net 49.3 50.8
Other noncurrent assets 60.6 33.3
Total Assets 1,239.1 1,235.2
Current Liabilities:    
Accounts payable 159.0 165.6
Accrued compensation and benefits 60.0 85.2
Accrued warranty 43.9 43.9
Other accrued liabilities 93.3 95.3
Total current liabilities 356.2 390.0
Long-term debt 233.9 221.9
Pension and post-retirement benefits 23.2 25.8
Other liabilities 51.0 45.8
Total Liabilities 664.3 683.5
Redeemable noncontrolling interests 25.7 27.0
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, 60,042,691 and 59,868,276 shares issued and outstanding in 2017 and 2016, respectively) 12.0 12.0
Additional paid-in capital 144.4 142.7
Retained earnings 461.4 435.3
Accumulated other comprehensive loss (67.9) (64.5)
Key executive deferred compensation plans (1.1) (1.1)
Herman Miller, Inc. Stockholders' Equity 548.8 524.4
Noncontrolling Interests 0.3 0.3
Total Stockholders' Equity 549.1 524.7
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 1,239.1 $ 1,235.2