v3.26.3
Operating Segments
 3 Months Ended
Aug. 29, 2026
Segment Reporting [Abstract]  
Operating Segments Operating Segments
The Company has three reportable segments: North America Contract, International Contract and Global Retail. The Company's operating segments are determined based on the manner in which management organizes the business for making operating decisions and assessing performance
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 directly or indirectly through an independent dealership network 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 Interim 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 adjusted for restructuring charges, amortization of Knoll purchased intangible assets, CEO transition costs, and other discrete items when incurred.
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:
Three Months Ended
(In millions)
August 29, 2026
August 30, 2025
Net sales:
North America Contract
$
505.6 
$
533.9 
International Contract
156.8 
167.5 
Global Retail
261.0 
254.3 
Total
$
923.4 
$
955.7 
Refer to Note 3 of the Condensed Consolidated Financial Statements for further disaggregation of revenue by operating segment.
Three Months Ended
(In millions)
August 29, 2026
August 30, 2025
Adjusted cost of sales(1):
North America Contract
$
308.3 
$
337.9 
International Contract
99.8 
108.3 
Global Retail
129.5 
141.4 
(1) Adjusted cost of sales is defined as cost of sales excluding, when they occur, the impacts of restructuring charges.
Three Months Ended
(In millions)
August 29, 2026
August 30, 2025
Adjusted operating expenses(1):
North America Contract
$
143.4 
$
134.9 
International Contract
49.8 
44.9 
Global Retail
113.2 
109.9 
Corporate
13.7 
18.3 
(1) Adjusted operating expenses is defined as operating expenses excluding, when they occur, the impacts of restructuring charges, amortization of Knoll purchased intangibles and CEO transition costs.
Three Months Ended
(In millions)
August 29, 2026
August 30, 2025
Adjusted operating earnings:
North America Contract
$
53.9 
$
61.1 
International Contract
7.2 
14.3 
Global Retail
18.3 
3.0 
Total segment adjusted operating earnings
$
79.4 
$
78.4 
Three Months Ended
(In millions)
August 29, 2026
August 30, 2025
Reconciliation to net earnings:
Total segment adjusted operating earnings
$
79.4 
$
78.4 
Corporate adjusted operating loss
(13.7)
(18.3)
Total consolidated adjusted operating earnings
65.7 
60.1 
Net earnings attributable to redeemable noncontrolling interests
1.0 
0.9 
Net earnings (loss) from:
Income tax expense
7.6 
7.6 
Other expense, net
1.3 
7.5 
Interest and other investment income
(0.9)
(1.1)
Interest expense
16.2 
18.4 
Restructuring charges
6.5 
0.5 
Amortization of Knoll purchased intangibles
5.7 
6.1 
CEO transition costs
1.7 
— 
Net earnings attributable to MillerKnoll, Inc.
$
26.6 
$
20.2 
Three Months Ended
(In millions)
August 29, 2026
August 30, 2025
Depreciation and amortization:
North America Contract
$
20.0 
$
20.8 
International Contract
5.5 
5.9 
Global Retail
9.0 
8.7 
Total
$
34.5 
$
35.4 
Capital expenditures:
North America Contract
$
15.1 
$
15.8 
International Contract
4.9 
4.5 
Global Retail
12.5 
10.4 
Total
$
32.5 
$
30.7 
Many of the Company's assets, including manufacturing, office and showroom facilities, support multiple segments. For that reason, it is impractical to disclose asset information on a segment basis.