Operating Segments

9 Months Ended

Feb. 27, 2021

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Operating Segments

Operating Segments

The Company's reportable segments consist of North America Contract, International Contract, and Retail.

The North America Contract segment includes the operations associated with the design, manufacture and sale of furniture and textile products for work-related settings, including office, healthcare, and educational environments, throughout the United States and Canada. The business associated with the Company's owned contract furniture dealers is also included in the North America Contract segment. In addition to the Herman Miller brand, this segment includes the operations associated with the design, manufacture and sale of high-craft furniture products and textiles including Geiger wood products, Maharam textiles, Nemschoff, naughtone and Herman Miller Collection products.

The International Contract segment includes the operations associated with the design, manufacture and sale of furniture products, primarily for work-related settings in Europe, the Middle East and Africa ("EMEA"), Latin America and Asia-Pacific.

The Retail segment includes operations associated with the sale of modern design furnishings and accessories to third party retailers, as well as direct to consumer sales through e-commerce, direct-mail catalogs, DWR studios and HAY stores.

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 reviews results of the Company. The accounting policies of the operating segments are the same as those of the Company.

The following is a summary of certain key financial measures for the respective periods indicated:

	Three Months Ended				Nine Months Ended
(In millions)	February 27, 2021		February 29, 2020		February 27, 2021		February 29, 2020
Net Sales:
North America Contract	$	268.2	$	413.4	$	930.2	$	1,322.5
International Contract	165.7		156.1		487.4		388.1
Retail	156.6		96.2		426.0		300.2
Total	$	590.5	$	665.7	$	1,843.6	$	2,010.8
Operating Earnings (Loss):
North America Contract	$	11.9	$	51.2	$	99.3	$	176.4
International Contract	22.5		11.3		70.9		37.3
Retail	31.5		(1.6)		83.3		(6.4)
Corporate	(10.8)		(10.5)		(32.0)		(34.3)
Total	$	55.1	$	50.4	$	221.5	$	173.0

(In millions)	February 27, 2021		May 30, 2020
Total Assets:
North America Contract	$	745.7	$	769.5
International Contract	575.1		512.5
Retail	329.2		310.9
Corporate	404.9		461.0
Total	$	2,054.9	$	2,053.9