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Revenue from Contracts with Customers
9 Months Ended
Feb. 26, 2022
Revenue from Contract with Customer [Abstract]  
Revenue From Contracts With Customers Revenue from Contracts with Customers
Disaggregated Revenue
Revenue disaggregated by contract type is provided in the table below:
Three Months EndedNine Months Ended
(In millions)February 26, 2022February 27, 2021February 26, 2022February 27, 2021
Net Sales:
Single performance obligation
Product revenue$953.3 $531.2 $2,632.0 $1,618.8 
Multiple performance obligations
Product revenue69.9 54.9 197.9 210.5 
Service revenue2.5 2.0 7.3 8.1 
Other3.8 2.4 8.3 6.2 
Total$1,029.5 $590.5 $2,845.5 $1,843.6 
The Company internally reports and evaluates products based on the categories Workplace, Performance Seating, Lifestyle, and Other. A description of these categories is included below.
The Workplace category includes products centered on creating highly functional and productive settings for both groups and individuals. This category focuses on the development of products, beyond seating, that define boundaries, support work, and enable productivity.
The Performance Seating category includes products centered on seating ergonomics, productivity, and function across an evolving and diverse range of settings. This category focuses on the development of ergonomic seating solutions for specific use cases requiring more than basic utility.
The Lifestyle category includes products focused on bringing spaces to life through beautiful yet functional products. This category focuses on the development of products that support a way of living, in thoughtful yet elevated ways. The products in this category help create emotive and visually appealing spaces via a portfolio that offers diversity in aesthetics, price, and performance.
Revenue disaggregated by product type and reportable segment is provided in the table below:
Three Months EndedNine Months Ended
(In millions)February 26, 2022February 27, 2021February 26, 2022February 27, 2021
Americas Contract:
Workplace$204.2 $163.9 $578.0 $580.7 
Performance Seating90.3 71.7 271.9 241.0 
Lifestyle37.9 27.1 105.1 88.6 
Other32.7 28.0 97.0 97.7 
Total Americas Contract$365.1 $290.7 $1,052.0 $1,008.0 
International Contract:
Workplace$30.1 $23.3 $91.2 $82.9 
Performance Seating61.0 51.4 167.8 146.3 
Lifestyle27.2 20.0 78.6 59.3 
Other5.1 3.3 9.8 5.0 
Total International Contract$123.4 $98.0 $347.4 $293.5 
Global Retail:
Workplace$3.2 $2.7 $9.6 $7.6 
Performance Seating63.4 75.2 184.5 196.3 
Lifestyle145.4 123.5 439.6 337.2 
Other0.8 0.4 1.7 1.0 
Total Global Retail$212.8 $201.8 $635.4 $542.1 
Knoll:
Workplace$155.0 $— $388.0 $— 
Performance Seating29.1 — 66.8 — 
Lifestyle125.7 — 310.6 — 
Other27.1 — 64.1 — 
Total Knoll$336.9 $— $829.5 $— 
Intersegment sales elimination $(8.7)$— $(18.8)$— 
Total$1,029.5 $590.5 $2,845.5 $1,843.6 
Refer to Note 16 of the Condensed Consolidated Financial Statements for further information related to our reportable segments.
Contract Balances
Customers may make payments before the satisfaction of the Company's performance obligation and recognition of revenue. These payments represent contract liabilities and are included within the caption “Customer deposits” in the Condensed Consolidated Balance Sheets. During the three and nine months ended February 26, 2022, the Company recognized Net sales of $14.2 million and $85.5 million, respectively, related to customer deposits that were included in the balance sheet as of May 29, 2021. The Company assumed a contract liability of $55.5 million related to the acquisition of Knoll, Inc on July 19, 2021.