v3.26.1
Operating Segments
 12 Months Ended
May 30, 2026
Segment Reporting [Abstract]  
Operating Segments Operating Segments
The Company's operations are managed and evaluated around the organization and alignment of internal operations, the nature of our products, and geographical location. Effective on March 1, 2025, the last day of the third quarter of fiscal year 2025, the Company implemented an organizational change that resulted in a change in reportable segments. The Company has restated historical results to reflect this change. Under our new reportable segments, there are three reportable segments consisting of North America Contract, International Contract and Global Retail.
The North America Contract segment includes the operations associated with the design, sourcing, manufacture and sale of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational environments throughout the United States and Canada as well as the global operations of the Spinneybeck, FilzFelt, Maharam, Edelman, and Knoll Textile brands.
The International Contract segment includes the operations associated with the design, sourcing, manufacture and sale of furniture products, indirectly or directly through an independent dealership network for office, healthcare, and educational environments in Europe, the Middle East, Africa, Asia-Pacific and Latin America.
The Global Retail segment includes global operations associated with the sale of modern design furnishings and accessories to third party retailers, as well as direct to consumer sales through eCommerce, direct-mail catalogs, and physical retail stores, along with the global operations of the Holly Hunt brand.
The Company also reports a “Corporate” category consisting primarily of unallocated expenses related to general corporate functions, including, but not limited to, certain legal, executive, corporate finance, information technology, administrative and acquisition-related costs. Management regularly reviews corporate costs and believes disclosing such information provides more visibility and transparency regarding how the chief operating decision maker ("CODM") reviews results of the Company.
The Company's CODM is its Chief Executive Officer, who is regularly provided the operating results of our reportable segments and reviews the actual operating results against forecasted figures for the purposes of monitoring and assessing performance, allocating capital, and making strategic and operational decisions.
The CODM uses Adjusted Operating Earnings (Loss) as the key operating metric to measure segment profit or loss, evaluate the performance of the segments, analyze variances of actual performance to forecasts, and make decisions regarding the allocation of resources. Segment Adjusted Operating Earnings (Loss) represents reported Operating Earnings (Loss) adjusted for restructuring charges, integration charges, amortization of Knoll purchased intangibles, impairment charges, and significant non-recurring or infrequent items that may not be indicative of ongoing operations.
The Company's CODM does not review assets by segment to assess segment performance or allocate resources, nor is such information provided to the CODM. Accordingly, the Company does not present assets by segment.
The accounting policies for each of the operating segments are the same as those of the Company. Additionally, the Company employs a methodology for allocating corporate costs with the underlying objective of this methodology being to allocate corporate costs according to the relative usage of the underlying resources. The majority of the allocations for corporate expenses are based on relative net sales. However, certain corporate costs generally considered the result of isolated business decisions, are not subject to allocation and are evaluated separately from the rest of regular ongoing business operations.
The following is a summary of certain key financial measures for the respective periods indicated:
Year Ended
(In millions)
May 30, 2026May 31, 2025June 1, 2024
Net sales:
North America Contract$2,061.2  $1,965.2 $1,922.3 
International Contract674.0 660.0 645.6 
Global Retail1,106.5 1,044.7 1,060.5 
Total$3,841.7 $3,669.9 $3,628.4 
Refer to Note 2 of the Consolidated Financial Statements for further disaggregation of revenue by operating segment.
Year Ended
(In millions)
May 30, 2026May 31, 2025June 1, 2024
Adjusted cost of sales(1):
North America Contract$1,306.3 $1,262.4 $1,224.5 
International Contract431.2 419.2 $412.5 
Global Retail613.8 565.2 $571.9 
(1) Adjusted cost of sales is defined as cost of sales excluding, when they occur, the impacts of restructuring charges and integration charges, that may not be indicative of ongoing operations.
Year Ended
(In millions)
May 30, 2026May 31, 2025June 1, 2024
Adjusted operating expenses(1):
North America Contract$541.8 $511.8 $520.6 
International Contract184.5 167.3 160.7 
Global Retail460.0 427.6 424.0 
Corporate65.7 67.7 52.0 
(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, impairment charges, and significant non-recurring or infrequent items that may not be indicative of ongoing operations.
Year Ended
(In millions)
May 30, 2026May 31, 2025June 1, 2024
Adjusted operating earnings:
North America Contract$213.1 $191.0 $177.2 
International Contract58.3 73.5 72.4 
Global Retail32.7 51.9 64.6 
Total Segment adjusted operating earnings$304.1 $316.4 $314.2 
Year Ended
(In millions)
May 30, 2026May 31, 2025June 1, 2024
Reconciliation to net earnings:
Total segment adjusted operating earnings$304.1 $316.4 $314.2 
Corporate adjusted operating loss(65.7)(67.7)(52.0)
Total consolidated adjusted operating earnings238.4 248.7 262.2 
Net earnings attributable to redeemable noncontrolling interests4.2 3.7 2.3 
Net earnings (loss) from:
Equity (loss) earnings from nonconsolidated affiliate, net of tax(0.1)0.3 (0.4)
Income tax expense32.4 11.6 14.7 
Other expense (income), net4.3 1.1 (2.6)
Interest and other investment (income)(4.1)(5.4)(6.1)
Interest expense69.9 76.7 76.2 
Restructuring charges13.5 14.8 30.8 
Integration charges— 28.3 23.5 
Amortization of Knoll purchased intangibles24.0 24.1 23.9 
Impairment charges— 130.0 16.8 
Knoll pension plan termination charges— 1.0 — 
CEO transition costs2.6 — — 
Net earnings (loss) attributable to MillerKnoll, Inc.$91.5 $(36.9)$82.3 
(In millions)
Year Ended
Depreciation and amortization:May 30, 2026May 31, 2025June 1, 2024
North America Contract$87.9  $83.3  $96.9 
International Contract23.9  22.2  28.0 
Global Retail36.5 35.0 30.2 
Total$148.3  $140.5 $155.1 
Capital expenditures:
North America Contract$57.7  $58.7  $51.4 
International Contract20.5  19.9  7.0 
Global Retail44.1 29.0 20.0 
Total$122.3  $107.6  $78.4 

Reportable geographic information is as follows:
Year Ended
(In millions)
May 30, 2026May 31, 2025June 1, 2024
Long-lived assets(1):
United States$744.6 $711.9 $704.2 
International212.6 195.4 163.4 
Total$957.2 $907.3 $867.6 
(1) Long-lived assets include property and equipment and right of use assets.
No country other than the United States represented greater than 10% of our long-lived assets in fiscal 2026, fiscal 2025, and fiscal 2024.