XML 24 R3.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 03, 2016
May 28, 2016
Current Assets:    
Cash and cash equivalents $ 71.9 $ 84.9
Marketable securities 7.8 7.5
Accounts and notes receivable, net 195.2 211.0
Inventories, net 150.3 128.2
Prepaid expenses and other 45.1 48.9
Total current assets 470.3 480.5
Property and equipment, at cost 954.6 929.0
Less — accumulated depreciation (659.8) (648.9)
Net property and equipment 294.8 280.1
Goodwill 304.6 305.3
Indefinite-lived intangibles 85.2 85.2
Other amortizable intangibles, net 47.8 50.8
Other noncurrent assets 70.2 33.3
Total Assets 1,272.9 1,235.2
Current Liabilities:    
Accounts payable 161.9 165.6
Accrued compensation and benefits 74.3 85.2
Accrued warranty 44.6 43.9
Other accrued liabilities 102.1 95.3
Total current liabilities 382.9 390.0
Long-term debt 219.6 221.9
Pension and post-retirement benefits 22.0 25.8
Other liabilities 54.4 45.8
Total Liabilities 678.9 683.5
Redeemable noncontrolling interests 25.4 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, 59,899,365 and 59,868,276 shares issued and outstanding in 2017 and 2016, respectively) 12.0 12.0
Additional paid-in capital 143.3 142.7
Retained earnings 483.2 435.3
Accumulated other comprehensive loss (69.1) (64.5)
Key executive deferred compensation plans (1.1) (1.1)
Herman Miller, Inc. Stockholders' Equity 568.3 524.4
Noncontrolling Interests 0.3 0.3
Total Stockholders' Equity 568.6 524.7
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 1,272.9 $ 1,235.2