v3.25.4

Operating Segments (Tables) | 6 Months Ended
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Nov. 29, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following is a summary of certain key financial measures for the respective periods indicated:
| Three Months Ended |  | Six Months Ended
(In millions) | November 29, 2025 |  | November 30, 2024 |  | November 29, 2025 |  | November 30, 2024
Net sales: |  |  |  |  |  |  |
North America Contract | $ | 508.5 |  |  | $ | 524.7 |  |  | $ | 1,042.4 |  |  | $ | 1,000.9 |
International Contract | 170.9 |  |  | 182.4 |  |  | 338.4 |  |  | 328.8 |
Global Retail | 275.8 |  |  | 263.3 |  |  | 530.1 |  |  | 502.2 |
Total | $ | 955.2 |  |  | $ | 970.4 |  |  | $ | 1,910.9 |  |  | $ | 1,831.9 |
Refer to Note 3 of the Consolidated Financial Statements for further disaggregation of revenue by operating segment.
| Three Months Ended |  | Six Months Ended
(In millions) | November 29, 2025 |  | November 30, 2024 |  | November 29, 2025 |  | November 30, 2024
Adjusted cost of sales(1): |  |  |  |  |  |  |
North America Contract | $ | 322.6 |  |  | $ | 334.8 |  |  | $ | 660.5 |  |  | $ | 638.8 |
International Contract | 109.0 |  |  | 115.9 |  |  | 217.3 |  |  | 208.4 |
Global Retail | 151.3 |  |  | 142.7 |  |  | 292.7 |  |  | 270.9 |
Total | $ | 582.9 |  |  | $ | 593.4 |  |  | $ | 1,170.5 |  |  | $ | 1,118.1 |
(1) Adjusted cost of sales is defined as cost of sales excluding, when they occur, the impacts of restructuring charges and integration charges.
| Three Months Ended |  | Six Months Ended
(In millions) | November 29, 2025 |  | November 30, 2024 |  | November 29, 2025 |  | November 30, 2024
Adjusted operating expenses(1): |  |  |  |  |  |  |
North America Contract | $ | 136.7 |  |  | $ | 136.3 |  |  | $ | 271.6 |  |  | $ | 263.6 |
International Contract | 45.3 |  |  | 43.7 |  |  | 90.2 |  |  | 84.3 |
Global Retail | 118.8 |  |  | 110.6 |  |  | 228.7 |  |  | 213.9 |
Total reportable segment adjusted operating expenses | 300.8 |  |  | 290.6 |  |  | 590.5 |  |  | 561.8 |
Corporate | 15.5 |  |  | 17.5 |  |  | 33.8 |  |  | 33.2 |
Total | $ | 316.3 |  |  | $ | 308.1 |  |  | $ | 624.3 |  |  | $ | 595.0 |
(1) Adjusted operating expenses is defined as operating expenses excluding, when they occur, the impacts of restructuring charges, integration charges, amortization of Knoll purchased intangibles and Knoll pension plan termination charges.
| Three Months Ended |  | Six Months Ended
(In millions) | November 29, 2025 |  | November 30, 2024 |  | November 29, 2025 |  | November 30, 2024
Adjusted operating earnings: |  |  |  |  |  |  |
North America Contract | $ | 49.2 |  |  | $ | 53.6 |  |  | $ | 110.3 |  |  | $ | 98.5 |
International Contract | 16.6 |  |  | 22.8 |  |  | 30.9 |  |  | 36.1 |
Global Retail | 5.7 |  |  | 10.0 |  |  | 8.7 |  |  | 17.4 |
Total segment adjusted operating earnings | $ | 71.5 |  |  | $ | 86.4 |  |  | $ | 149.9 |  |  | $ | 152.0 |
| Three Months Ended |  | Six Months Ended
(In millions) | November 29, 2025 |  | November 30, 2024 |  | November 29, 2025 |  | November 30, 2024
Reconciliation to net earnings: |  |  |  |  |  |  |
Total segment adjusted operating earnings | $ | 71.5 |  |  | $ | 86.4 |  |  | $ | 149.9 |  |  | $ | 152.0 |
Corporate adjusted operating loss | (15.5) |  |  | (17.5) |  |  | (33.8) |  |  | (33.2) |
Total consolidated adjusted operating earnings | 56.0 |  |  | 68.9 |  |  | 116.1 |  |  | 118.8 |
Net earnings attributable to redeemable noncontrolling interests | 1.0 |  |  | 1.1 |  |  | 1.9 |  |  | 1.8 |
Net earnings (loss) from: |  |  |  |  |  |  |
Equity earnings from nonconsolidated affiliates, net of tax | — |  |  | 0.1 |  |  | — |  |  | 0.2 |
Income tax expense | 7.3 |  |  | 9.8 |  |  | 14.9 |  |  | 8.7 |
Other (income) expense, net | (1.2) |  |  | (1.3) |  |  | 6.3 |  |  | (2.7) |
Interest and other investment (income) | (0.7) |  |  | (1.5) |  |  | (1.8) |  |  | (3.1) |
Interest expense | 17.9 |  |  | 20.4 |  |  | 36.3 |  |  | 40.3 |
Restructuring charges | 1.5 |  |  | — |  |  | 2.0 |  |  | — |
Integration charges | — |  |  | — |  |  | — |  |  | 28.3 |
Amortization of Knoll purchased intangibles | 6.0 |  |  | 5.9 |  |  | 12.1 |  |  | 11.8 |
Knoll pension plan termination charges | — |  |  | 0.5 |  |  | — |  |  | 1.0 |
Net earnings attributable to MillerKnoll, Inc. | $ | 24.2 |  |  | $ | 34.1 |  |  | $ | 44.4 |  |  | $ | 32.9 |
| Three Months Ended |  | Six Months Ended
(In millions) | November 29, 2025 |  | November 30, 2024 |  | November 29, 2025 |  | November 30, 2024
Depreciation and amortization: |  |  |  |  |  |  |
North America Contract | $ | 21.6 |  |  | $ | 20.7 |  |  | $ | 42.4 |  |  | $ | 41.3 |
International Contract | 5.9 |  |  | 7.4 |  |  | 11.8 |  |  | 14.1 |
Global Retail | 9.1 |  |  | 7.6 |  |  | 17.8 |  |  | 14.9 |
Total | $ | 36.6 |  |  | $ | 35.7 |  |  | $ | 72.0 |  |  | $ | 70.3 |
Capital expenditures: |  |  |  |  |  |  |
North America Contract | $ | 15.0 |  |  | $ | 11.6 |  |  | $ | 30.8 |  |  | $ | 22.2 |
International Contract | 3.8 |  |  | 2.6 |  |  | 8.3 |  |  | 10.3 |
Global Retail | 11.8 |  |  | 8.1 |  |  | 22.2 |  |  | 12.4 |
Total | $ | 30.6 |  |  | $ | 22.3 |  |  | $ | 61.3 |  |  | $ | 44.9 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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