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Consolidated Balance Sheets - USD ($)
$ in Millions
May. 30, 2015
May. 31, 2014
Current Assets:    
Cash and cash equivalents $ 63.7 $ 101.5
Marketable securities 5.7 11.1
Accounts and notes receivable, less allowances of $3.4 in 2015 and $4.0 in 2014 189.6 204.3
Inventories, net 129.6 78.4
Deferred income taxes 32.0 23.9
Prepaid property and other taxes 10.0 12.7
Other 32.9 19.9
Total Current Assets 463.5 451.8
Property and Equipment:    
Land and improvements 21.4 21.5
Buildings and improvements 188.9 161.1
Machinery and equipment 610.1 576.7
Construction in progress 48.2 29.9
Gross Property and Equipment 868.6 789.2
Less: Accumulated depreciation (619.1) (594.0)
Net Property and Equipment 249.5 195.2
Goodwill 303.1 228.2
Indefinite-lived intangibles 85.2 40.9
Other amortizable intangibles, net 52.3 44.2
Other assets 34.6 30.6
Total Assets 1,188.2 990.9
Current Liabilities:    
Current maturities of long-term debt 0.0 50.0
Accounts payable 164.7 136.9
Accrued compensation and benefits 66.6 65.0
Accrued warranty 26.8 25.2
Unearned Revenue 32.0 17.3
Other accrued liabilities 60.8 61.7
Total Current Liabilities 350.9 356.1
Long-term debt 290.0 200.0
Pension and post-retirement benefits 27.8 18.2
Other liabilities 61.0 44.5
Total Liabilities 729.7 618.8
Redeemable noncontrolling interests 30.4 0.0
Stockholders' Equity:    
Preferred stock, no par value (10,000,000 shares authorized, none issued) 0.0 0.0
Common stock, $0.20 par value (240,000,000 shares authorized, 59,694,611 and 59,314,822 shares issued and outstanding in 2015 and 2014, respectively) 11.9 11.9
Additional paid-in capital 135.1 122.4
Retained earnings 338.0 277.4
Accumulated other comprehensive loss (56.2) (37.9)
Key executive deferred compensation (1.2) (1.7)
Herman Miller, Inc. Stockholders' Equity 427.6 372.1
Noncontrolling interests 0.5 0.0
Total Stockholders' Equity 428.1 372.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 1,188.2 $ 990.9