Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 03, 2017	May 28, 2016
Current Assets:
Cash and cash equivalents	$ 96.2	$ 84.9
Marketable securities	8.6	7.5
Accounts and notes receivable, less allowances of $3.3 in 2017 and $4.3 in 2016	186.6	211.0
Inventories, net	152.4	128.2
Prepaid taxes	17.7	20.4
Other	30.4	28.5
Total Current Assets	491.9	480.5
Property and Equipment:
Land and improvements	24.0	24.1
Buildings and improvements	229.0	205.7
Machinery and equipment	662.4	645.3
Construction in progress	53.3	53.9
Gross Property and Equipment	968.7	929.0
Less: Accumulated depreciation	(654.1)	(648.9)
Net Property and Equipment	314.6	280.1
Goodwill	304.5	305.3
Indefinite-lived intangibles	78.1	85.2
Other amortizable intangibles, net	45.4	50.8
Other assets	71.8	33.3
Total Assets	1,306.3	1,235.2
Current Liabilities:
Accounts payable	148.4	165.6
Accrued compensation and benefits	79.7	85.2
Accrued warranty	47.7	43.9
Unearned revenue	33.2	35.4
Other accrued liabilities	76.7	59.9
Total Current Liabilities	385.7	390.0
Long-term debt	199.9	221.9
Pension and post-retirement benefits	38.5	25.8
Other liabilities	69.9	45.8
Total Liabilities	694.0	683.5
Redeemable noncontrolling interests	24.6	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, 59,715,824 and 59,868,276 shares issued and outstanding in 2017 and 2016, respectively)	11.9	12.0
Additional paid-in capital	139.3	142.7
Retained earnings	519.5	435.3
Accumulated other comprehensive loss	(82.2)	(64.5)
Key executive deferred compensation	(1.0)	(1.1)
Herman Miller, Inc. Stockholders' Equity	587.5	524.4
Noncontrolling interests	0.2	0.3
Total Stockholders' Equity	587.7	524.7
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity	$ 1,306.3	$ 1,235.2

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.