v3.25.4
Operating Segments (Tables)
6 Months Ended
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 EndedSix Months Ended
(In millions)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Net sales:
North America Contract$508.5 $524.7 $1,042.4 $1,000.9 
International Contract170.9 182.4 338.4 328.8 
Global Retail275.8 263.3 530.1 502.2 
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 EndedSix Months Ended
(In millions)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Adjusted cost of sales(1):
North America Contract$322.6 $334.8 $660.5 $638.8 
International Contract109.0 115.9 217.3 208.4 
Global Retail151.3 142.7 292.7 270.9 
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 EndedSix Months Ended
(In millions)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Adjusted operating expenses(1):
North America Contract$136.7 $136.3 $271.6 $263.6 
International Contract45.3 43.7 90.2 84.3 
Global Retail118.8 110.6 228.7 213.9 
Total reportable segment adjusted operating expenses300.8 290.6 590.5 561.8 
Corporate15.5 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 EndedSix Months Ended
(In millions)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Adjusted operating earnings:
North America Contract$49.2 $53.6 $110.3 $98.5 
International Contract16.6 22.8 30.9 36.1 
Global Retail5.7 10.0 8.7 17.4 
Total segment adjusted operating earnings$71.5 $86.4 $149.9 $152.0 
Three Months EndedSix Months Ended
(In millions)November 29, 2025November 30, 2024November 29, 2025November 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 earnings56.0 68.9 116.1 118.8 
Net earnings attributable to redeemable noncontrolling interests1.0 1.1 1.9 1.8 
Net earnings (loss) from:
Equity earnings from nonconsolidated affiliates, net of tax— 0.1 — 0.2 
Income tax expense7.3 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 expense17.9 20.4 36.3 40.3 
Restructuring charges1.5 — 2.0 — 
Integration charges— — — 28.3 
Amortization of Knoll purchased intangibles6.0 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 EndedSix Months Ended
(In millions)November 29, 2025November 30, 2024November 29, 2025November 30, 2024
Depreciation and amortization:
North America Contract$21.6 $20.7 $42.4 $41.3 
International Contract5.9 7.4 11.8 14.1 
Global Retail9.1 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 Contract3.8 2.6 8.3 10.3 
Global Retail11.8 8.1 22.2 12.4 
Total$30.6 $22.3 $61.3 $44.9