XML 64 R2.htm IDEA: XBRL DOCUMENT v3.21.4
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Nov. 27, 2021
Nov. 28, 2020
Nov. 27, 2021
Nov. 28, 2020
Income Statement [Abstract]        
Net sales $ 1,026.3 $ 626.3 $ 1,816.0 $ 1,253.0
Cost of sales 675.7 382.1 1,187.9 758.8
Gross margin 350.6 244.2 628.1 494.2
Operating expenses:        
Selling, general and administrative 318.6 153.0 625.5 292.8
Restructuring expense, net 0.0 2.4 0.0 1.2
Design and research 28.2 17.8 51.6 33.8
Total operating expenses 346.8 173.2 677.1 327.8
Operating earnings (loss) 3.8 71.0 (49.0) 166.4
Interest expense 9.2 3.5 14.8 7.2
Interest and other investment income 0.3 0.4 0.5 0.8
Other (income) expense, net (0.7) (0.9) 11.8 (2.7)
Earnings (loss) before income taxes and equity income (4.4) 68.8 (75.1) 162.7
Income tax expense (benefit) (3.4) 16.2 (14.1) 36.9
Equity (loss) income from nonconsolidated affiliates, net of tax (0.1) 0.2 0.0 0.4
Net earnings (loss) (1.1) 52.8 (61.0) 126.2
Net earnings attributable to redeemable noncontrolling interests 2.3 1.5 3.9 2.0
Net earnings (loss) attributable to MillerKnoll, Inc. $ (3.4) $ 51.3 $ (64.9) $ 124.2
Earnings (loss) per share — basic (in dollar per share) $ (0.05) $ 0.87 $ (0.92) $ 2.11
Earnings (loss) per share — diluted (in dollar per share) $ (0.05) $ 0.87 $ (0.92) $ 2.10
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments $ (60.9) $ 4.9 $ (52.1) $ 35.1
Pension and post-retirement liability adjustments 1.8 1.4 4.1 2.5
Unrealized (loss) gains on interest rate swap agreement 4.0 0.9 3.0 1.2
Unrealized holding loss on available for sale securities 0.0 0.0    
Other comprehensive (loss) income, net of tax (55.1) 7.2 (45.0) 38.7
Comprehensive (loss) income (56.2) 60.0 (106.0) 164.9
Comprehensive (loss) income attributable to redeemable noncontrolling interests (0.2) 1.7 1.9 4.8
Comprehensive (loss) income attributable to MillerKnoll, Inc. $ (56.0) $ 58.3 $ (107.9) $ 160.1