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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 02, 2024
Mar. 04, 2023
Mar. 02, 2024
Mar. 04, 2023
Income Statement [Abstract]        
Net sales $ 872.3 $ 984.7 $ 2,739.5 $ 3,130.4
Cost of sales 535.3 649.1 1,672.4 2,055.1
Gross margin 337.0 335.6 1,067.1 1,075.3
Operating expenses:        
Selling, general and administrative 271.1 264.7 849.2 852.3
Impairment charges 0.0 21.5 0.0 21.5
Restructuring expense 1.7 4.6 8.7 19.8
Design and research 21.4 23.6 65.7 71.0
Total operating expenses 294.2 314.4 923.6 964.6
Operating earnings 42.8 21.2 143.5 110.7
Interest expense 18.4 19.1 57.4 54.1
Interest and other investment (income) expense (1.3) (0.9) (4.8) (2.0)
Other (income) expense, net (1.8) 1.4 (2.0) 1.7
Earnings before income taxes and equity income 27.5 1.6 92.9 56.9
Income tax expense 4.4 0.5 19.0 11.1
Equity (loss) income from nonconsolidated affiliates, net of tax 0.0 0.0 (0.3) 0.2
Net earnings 23.1 1.1 73.6 46.0
Net earnings attributable to redeemable noncontrolling interests 0.9 0.7 1.2 3.8
Net earnings attributable to MillerKnoll, Inc. $ 22.2 $ 0.4 $ 72.4 $ 42.2
Earnings per share - basic (in dollar per share) $ 0.31 $ 0.01 $ 0.98 $ 0.56
Earnings per share - diluted (in dollar per share) $ 0.30 $ 0.01 $ 0.97 $ 0.56
Other comprehensive (loss) income, net of tax        
Foreign currency translation adjustments $ (3.3) $ (2.3) $ 7.9 $ (30.6)
Pension and post-retirement liability adjustments (0.1) (0.4) (0.2) 0.4
Unrealized (loss) gain on interest rate swap agreement (1.1) 10.3 (1.2) 31.8
Other comprehensive (loss) income, net of tax (4.5) 7.6 6.5 1.6
Comprehensive income 18.6 8.7 80.1 47.6
Comprehensive income attributable to redeemable noncontrolling interests 0.9 0.7 1.2 3.8
Comprehensive income attributable to MillerKnoll, Inc. $ 17.7 $ 8.0 $ 78.9 $ 43.8