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Reportable Segments | 9 Months Ended
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Nov. 27, 2020
Reportable Segments [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate costs are reported as Corporate. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a portfolio of integrated architecture, furniture and technology products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse, Smith System, AMQ, Turnstone and Orangebox brands. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase, Orangebox and Coalesse brands, with an emphasis on freestanding furniture systems, storage and seating solutions. The Other category includes Asia Pacific and Designtex. Asia Pacific serves customers in Asia and Australia primarily under the Steelcase brand with an emphasis on freestanding furniture systems, seating and storage solutions. Designtex primarily sells textiles, wall coverings and surface imaging solutions specified by architects and designers directly to end-use customers through a direct sales force primarily in North America. In 2020, the Other category also included PolyVision which was sold during Q4 2020. We primarily review and evaluate revenue and operating income by segment in both our internal review processes and for our external financial reporting. We also allocate resources primarily based on revenue and operating income. Total assets by segment include manufacturing and other assets associated with each segment. Corporate costs include unallocated portions of shared service functions such as information technology, corporate facilities, finance, human resources, research, legal and customer aviation, plus deferred compensation expense and income or losses associated with COLI. Corporate assets consist primarily of unallocated cash and cash equivalents, COLI balances, fixed assets and right-of-use assets related to operating leases. Revenue and operating income (loss) for the three and nine months ended November 27, 2020 and November 22, 2019 and total assets as of November 27, 2020 and February 28, 2020 by segment are presented below:
| Three Months Ended | Nine Months Ended |
Reportable Segment Statement of Operations Data | November 27, 2020 | November 22, 2019 | November 27, 2020 | November 22, 2019 |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
Americas | $ | 416.4 |  |  | $ | 690.9 |  |  | $ | 1,381.5 |  |  | $ | 2,006.7 |  |  |  |  |  |
EMEA | 143.3 |  |  | 168.4 |  |  | 368.7 |  |  | 483.9 |  |  |  |  |  |
Other | 57.8 |  |  | 95.9 |  |  | 168.9 |  |  | 286.9 |  |  |  |  |  |
| $ | 617.5 |  |  | $ | 955.2 |  |  | $ | 1,919.1 |  |  | $ | 2,777.5 |  |  |  |  |  |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Americas | $ | 13.8 |  |  | $ | 74.7 |  |  | $ | 84.9 |  |  | $ | 197.4 |  |  |  |  |  |
EMEA | (3.7) |  |  | 6.3 |  |  | (31.8) |  |  | 1.6 |  |  |  |  |  |
Other | (2.2) |  |  | 3.3 |  |  | (2.7) |  |  | 14.5 |  |  |  |  |  |
Corporate | (7.9) |  |  | (9.2) |  |  | (14.1) |  |  | (25.5) |  |  |  |  |  |
| $ | — |  |  | $ | 75.1 |  |  | $ | 36.3 |  |  | $ | 188.0 |  |  |  |  |  |
Reportable Segment Balance Sheet Data | November 27, 2020 | February 28, 2020 |
Total assets |  |  |  |  |
Americas | $ | 1,038.8 |  |  | $ | 1,067.3 |  |  |
EMEA | 413.9 |  |  | 454.5 |  |  |
Other | 214.1 |  |  | 225.6 |  |  |
Corporate | 718.5 |  |  | 818.0 |  |  |
| $ | 2,385.3 |  |  | $ | 2,565.4 |  |  |

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- Definition Reportable Segments [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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