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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 04, 2017
May 28, 2016
Current Assets:    
Cash and cash equivalents $ 78.4 $ 84.9
Marketable securities 8.0 7.5
Accounts and notes receivable, net 174.8 211.0
Inventories, net 155.7 128.2
Prepaid expenses and other 49.1 48.9
Total current assets 466.0 480.5
Property and equipment, at cost 970.5 929.0
Less — accumulated depreciation (667.7) (648.9)
Net property and equipment 302.8 280.1
Goodwill 304.4 305.3
Indefinite-lived intangibles 85.2 85.2
Other amortizable intangibles, net 46.3 50.8
Other noncurrent assets 73.6 33.3
Total Assets 1,278.3 1,235.2
Current Liabilities:    
Accounts payable 147.9 165.6
Accrued compensation and benefits 65.6 85.2
Accrued warranty 46.5 43.9
Other accrued liabilities 98.3 95.3
Total current liabilities 358.3 390.0
Long-term debt 234.5 221.9
Pension and post-retirement benefits 20.6 25.8
Other liabilities 58.6 45.8
Total Liabilities 672.0 683.5
Redeemable noncontrolling interests 25.0 27.0
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, 59,783,584 and 59,868,276 shares issued and outstanding in 2017 and 2016, respectively) 12.0 12.0
Additional paid-in capital 141.9 142.7
Retained earnings 495.8 435.3
Accumulated other comprehensive loss (67.7) (64.5)
Key executive deferred compensation plans (1.0) (1.1)
Herman Miller, Inc. Stockholders' Equity 581.0 524.4
Noncontrolling Interests 0.3 0.3
Total Stockholders' Equity 581.3 524.7
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 1,278.3 $ 1,235.2