XML 76 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Investments in Nonconsolidated Affiliates (Tables)
 12 Months Ended
May 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investment Balances [Table Text Block]
(In millions)
May 30, 2020
 
June 1, 2019
Investments in nonconsolidated affiliates
$
12.2

 
$
89.0
Equity Income From Nonconsolidated Affiliates [Table Text Block]
(In millions)
May 30, 2020
 
June 1, 2019
 
June 2, 2018
Equity earnings from nonconsolidated affiliates, net of tax
$
5.0

 
$
5.0

 
$
3.0
Equity Method Investments
The Company had an ownership interest in five nonconsolidated affiliates at May 30, 2020. Refer to the Company's ownership percentages shown below:
Ownership Interest
May 30, 2020
 
June 1, 2019
Kvadrat Maharam Arabia DMCC
50.0%
 
50.0%
Kvadrat Maharam Pty Limited
50.0%
 
50.0%
Kvadrat Maharam Turkey JSC
50.0%
 
50.0%
Danskina B.V.
50.0%
 
50.0%
Global Holdings Netherlands B.V.
48.2%
 
48.2%
Schedule of Related Party Transactions [Table Text Block]
Sales to and purchases from nonconsolidated affiliates were as follows for the periods presented below:
(In millions)
May 30, 2020
 
June 1, 2019
 
June 2, 2018
Sales to nonconsolidated affiliates
$
3.6

 
$
3.9

 
$
4.3

Purchases from nonconsolidated affiliates
$
5.0

 
$
23.0

 
$
6.8


Balances due to or due from nonconsolidated affiliates were as follows for the periods presented below:
(In millions)
May 30, 2020
 
June 1, 2019
Receivables from nonconsolidated affiliates
$
0.6

 
$
0.7

Payables to nonconsolidated affiliates
$
—

 
$
1.2