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MillerKnoll MLKN Standard Product Warranty Accrual
Standard Product Warranty Accrual at other companies
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Where this comes from
Reported directly by MillerKnoll in its filing.
Tagged under the XBRL concept us-gaap:ProductWarrantyAccrualClassifiedCurrent.
The source filing: MillerKnoll’s 10-K, filed July 20, 2026.
- Filed
- Jul 20, 2026, 4:07 PM EDT
- Fiscal year
- FY2026
- Accession
- 0000066382-26-000092
| (In millions, except share and per share data) | May 30, 2026 | May 31, 2025 |
|---|---|---|
| Short-term borrowings and current portion of long-term debt | 25.1 | 16.0 |
| Accrued compensation and benefits | 93.8 | 92.5 |
| Short-term lease liability | 82.0 | 72.0 |
| Accrued warranty | 16.7 | 16.8 |
| Customer deposits | 89.7 | 102.5 |
| Other accrued liabilities | 134.7 | 132.7 |
| Total current liabilities | 721.1 | 703.8 |
| Long-term debt | 1,260.6 | 1,310.6 |
Item 8 Financial Statements and Supplementary Data
FAQ
- What is MillerKnoll's standard product warranty accrual?
- MillerKnoll (MLKN) reported standard product warranty accrual of $16.7M in Q1 2026.
- How has MillerKnoll's standard product warranty accrual changed year-over-year?
- MillerKnoll's standard product warranty accrual decreased by 0.6% year-over-year, from $16.8M to $16.7M.
- What is the long-term trend for MillerKnoll's standard product warranty accrual?
- Over 5 years (2021 to 2026), MillerKnoll's standard product warranty accrual has grown at a -22.6% compound annual growth rate (CAGR), from $60.1M to $16.7M.
- What does standard product warranty accrual mean?
- This liability represents the estimated future costs the company expects to incur to repair or replace products under standard warranty terms. It is calculated based on historical failure rates and current sales volumes to ensure expenses are matched to the period in which the related revenue is recognized. A significant change in this accrual can indicate shifts in product quality, manufacturing reliability, or changes in warranty policy.
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