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Quarterly Financial Data (Unaudited)
12 Months Ended
May 28, 2022
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information Quarterly Financial Data (Unaudited)
Set forth below is a summary of the quarterly operating results on a consolidated basis for the years ended May 28, 2022, May 29, 2021, and May 30, 2020.
(In millions, except per share data)(1)
First
Quarter (2)
Second
Quarter (2)
Third
Quarter (2)
Fourth
Quarter (2)
2022Net sales$789.7  $1,026.3 $1,029.5 $1,100.5 
Gross margin277.7  353.0 339.5 382.5 
Net earnings attributable to MillerKnoll, Inc.(61.3) (1.7)14.4 21.5 
Earnings per share-basic
(0.92) (0.02)0.19 0.28 
Earnings per share-diluted
(0.92) (0.02)0.19 0.28 
2021Net sales$626.8  $626.3  $590.5 $621.5 
Gross margin249.8  244.4  230.8 226.1 
Net earnings attributable to MillerKnoll, Inc.72.8  51.4  41.5 8.9 
Earnings per share-basic1.24  0.87  0.70 0.15 
Earnings per share-diluted1.23  0.86  0.70 0.15 
2020Net sales$670.9  $674.2  $665.7 $475.7 
Gross margin246.2  255.7  243.5 165.9 
Net earnings attributable to MillerKnoll, Inc.48.3  78.7  37.9 (173.6)
Earnings per share-basic0.82  1.33  0.64 (2.94)
Earnings per share-diluted0.81  1.32  0.64 (2.94)
(1) Effective May 30, 2021, we elected to change our method of accounting for the cost of certain inventories within our Americas Segment from the last-in, first-out method ("LIFO") to first-in, first-out method ("FIFO"), which were our only operations that were using the LIFO cost method. All prior periods presented have been retrospectively adjusted to apply the effects of the change.
(2) For some line items, the sum of the quarters does not equal the annual balance reflected in the Consolidated Statements of Comprehensive Income due to rounding associated with the calculations on an individual quarter basis.