XML 61 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Feb. 23, 2018

Income Tax Disclosure [Abstract]

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows:

Unrecognized Tax Benefits	Year Ended
	February 23, 2018				February 24, 2017				February 26, 2016
Balance as of beginning of period	$	2.8			$	8.6			$	8.8
Gross decreases—tax positions in prior period	(1.0		)		(5.3		)		—
Currency translation adjustment	0.4				(0.5		)		(0.2		)
Balance as of end of period	$	2.2			$	2.8			$	8.6

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes on income before income taxes consists of:

Provision for Income Taxes—Expense	Year Ended
	February 23, 2018				February 24, 2017				February 26, 2016
Current income taxes:
Federal	$	15.0			$	18.4			$	47.7
State and local	0.8				9.5				12.5
Foreign	12.1				17.0				12.6
	27.9				44.9				72.8
Deferred income taxes:
Federal	37.9				21.4				(12.7		)
State and local	7.0				1.2				(3.3		)
Foreign	8.0				4.2				(52.3		)
	52.9				26.8				(68.3		)
Income tax expense	$	80.8			$	71.7			$	4.5

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income taxes were based on the following sources of income before income tax expense:

Source of Income Before Income Tax Expense	Year Ended
	February 23, 2018				February 24, 2017				February 26, 2016
Domestic	$	120.2			$	136.0			$	114.9
Foreign	41.3				60.3				59.9
	$	161.5			$	196.3			$	174.8

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The total income tax expense we recognized is reconciled to that computed by applying the U.S. federal blended statutory tax rate of 32.9% for 2018 and 35.0% for 2017 and 2016, as follows:

Income Tax Provision Reconciliation	Year Ended
	February 23, 2018				February 24, 2017				February 26, 2016
Tax expense at the U.S. federal statutory rate	$	53.2			$	68.7			$	61.2
Impact of the Tax Act (1)	27.9				—				—
State and local income taxes, net of federal	6.7				6.5				6.7
Valuation allowance provisions and adjustments (2)	0.4				(2.2		)		(59.9		)
Foreign investment tax credits (3)	(1.6		)		—				(1.5		)
COLI income (4)	(3.4		)		(3.3		)		(0.7		)
Foreign operations, less applicable foreign tax credits (5)	1.4				(2.0		)		(1.6		)
Impact of change to non-U.S. federal statutory tax rates (6)	4.0				9.3				(0.1		)
Research tax credit	(2.3		)		(1.8		)		(1.9		)
Tax reserve adjustments (7)	(0.2		)		(5.3		)		—
Other	(5.3		)		1.8				2.3
Total income tax expense recognized	$	80.8			$	71.7			$	4.5

________________________

(1) We remeasured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which are generally 21%. Those items that reversed in 2018 were remeasured using a tax rate of 32.9%. We have recorded a provisional decrease of $23.9 with respect to the Tax Act in 2018. As required by the Tax Act, we have recorded a provisional tax liability of $4.0 related to the U.S. federal income taxes on approximately $76.2 of undistributed earnings of our non-U.S. subsidiaries, net of $12.0 of related U.S. foreign tax credits.

(2) The valuation allowance provisions were based on current year activity, and the valuation allowance adjustments were based on various factors, which are further detailed below. In Q4 2015, we implemented changes in EMEA to align our tax structure with the management of our globally integrated business. Our U.S. parent company became the principal in a contract manufacturing model with Steelcase European subsidiaries. In Q4 2016, we reached the conclusion that there was sufficient positive evidence, including acceptance of our new tax structure by the U.S. Internal Revenue Service, sustained profitability in our French subsidiaries and other factors, which caused us to reverse valuation allowances of $56.0 recorded against net deferred tax assets in France.

(3) Investment tax credits were granted by the Czech Republic for investments in qualifying manufacturing equipment.

(4) The increase in the cash surrender value of COLI policies, net of normal insurance expenses, plus death benefit gains are non-taxable.

(5) The foreign operations, less applicable foreign tax credits, amounts include the rate differential between local statutory rates and the U.S. rate on foreign operations.

(6) Reductions to the French corporate tax rate resulted in the revaluation of certain deferred tax assets of our French tax group, causing increases to income tax expense of $4.0 and $7.9 in 2018 and 2017, respectively. During 2017, reductions to the United Kingdom corporate tax rate increased tax expense by $1.5.

(7) Adjustments in 2017 related to a French income tax audit that was settled in 2017

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of deferred income taxes are as follows:

Deferred Income Taxes	February 23, 2018				February 24, 2017
Deferred income tax assets:
Employee benefit plan obligations and deferred compensation	$	55.8			$	108.8
Foreign and domestic net operating loss carryforwards	55.8				57.0
Reserves and accruals	18.9				29.8
Tax credit carryforwards	31.8				17.4
Other, net	16.1				21.2
Total deferred income tax assets	178.4				234.2
Valuation allowances	(9.5		)		(7.9		)
Net deferred income tax assets	168.9				226.3
Deferred income tax liabilities:
Property, plant and equipment	28.4				40.9
Intangible assets	3.4				3.6
Prepaid expenses	1.7				3.1
Total deferred income tax liabilities	33.5				47.6
Net deferred income taxes	$	135.4			$	178.7
Net deferred income taxes is comprised of the following components:
Deferred income tax assets—non-current	135.4				179.6
Deferred income tax liabilities—non-current	—				(0.9		)

Schedule of Current Taxes Payable or Refundable [Table Text Block]

Income taxes currently payable or refundable are reported on the Consolidated Balance Sheets as follows:

Income Taxes	February 23, 2018				February 24, 2017
Other current assets:
Income taxes receivable	$	19.7			$	19.0
Other long-term assets:
Income taxes receivable	$	—			$	18.5
Accrued expenses:
Income taxes payable	$	8.6			$	6.4

Summary of Income Tax Contingencies [Table Text Block]

As of February 23, 2018 and February 24, 2017, the liability for uncertain tax positions, including interest and penalties, reported on the Consolidated Balance Sheets was as follows:

Liability for Uncertain Tax Positions	February 23, 2018				February 24, 2017
Other long-term liabilities	$	—			$	0.2

Summary of Operating Loss Carryforwards [Table Text Block]

Operating loss and tax credit carryforwards expire as follows:

Fiscal Year Ending February	Net Operating Loss Carryforwards (Gross)												Net Operating Loss Carryforwards (Tax Effected)																Tax Credit Carryforwards
	Federal				State				International				Federal				State				International				Total
2019	$	—			$	—			$	2.0			$	—			$	—			$	0.6			$	0.6			$	—
2023-2038	—				17.0				—				—				1.9				—				1.9				31.8
No expiration	—				—				217.7				—				—				53.3				53.3				—
	$	—			$	17.0			$	219.7			—				1.9				53.9				55.8				31.8
Valuation allowances													—				(0.5		)		(7.3		)		(7.8		)		(1.7		)
Net benefit													$	—			$	1.4			$	46.6			$	48.0			$	30.1

X

- Definition

Tabular disclosure of the components of current income taxes receivable and current income taxes payable recognized in the statement of financial position within the other current assets and accrued expenses lines, respectively.

+ References

No definition available.

+ Details

Name:	scs_ScheduleOfCurrentTaxesPayableOrRefundableTableTextBlock
Namespace Prefix:	scs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration