MILLERKNOLL INC
For the period ended Mar 2, 2024. Filed Apr 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 2, 2024 · Filed Apr 10, 2024
MLKN$22.33+3.9%Stored close · as of Nov 9, 2026
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Employee Benefit Plans
- Employee Benefit Plans
The following table summarizes the components of net periodic benefit cost for the Company's defined benefit pension plans:
| Pension Benefits | ||||
|---|---|---|---|---|
| Three Months Ended March 2, 2024 | Three Months Ended March 4, 2023 | |||
| (In millions) | Domestic | International | Domestic | International |
| Service cost | $— | $— | $— | $— |
| Interest cost | 1.5 | 1.0 | 1.5 | 0.8 |
| Expected return on plan assets(1) | (2.3) | (1.2) | (2) | (1.2) |
| Expected administrative expenses | 0.2 | — | 0.1 | — |
| Net amortization loss | — | — | — | 0.6 |
| Settlement charge | — | — | (0.5) | — |
| Net periodic benefit (income) cost | $(0.6) | $(0.2) | $(0.9) | $0.2 |
| Nine Months Ended March 2, 2024 · Nine Months Ended March 4, 2023 | ||||
| (In millions) | Domestic | International | Domestic | International |
| Service cost | $— | $— | $— | $— |
| Interest cost | 4.5 | 3.0 | 4.5 | 2.4 |
| Expected return on plan assets(1) | (6.9) | (3.7) | (6) | (3.5) |
| Expected administrative expenses | 0.6 | — | 0.3 | — |
| Net amortization loss | — | — | — | 1.8 |
| Settlement charge | — | — | (0.5) | — |
| Net periodic benefit (income) cost | $(1.8) | $(0.7) | $(1.7) | $0.7 |
(1)The weighted-average expected long-term rate of return on plan assets is 6.0%.
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