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Investments In Unconsolidated Affiliates
 12 Months Ended
Feb. 26, 2021
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]  
Investments in Unconsolidated Affiliates INVESTMENTS IN UNCONSOLIDATED AFFILIATES
We occasionally enter into joint ventures and other equity investments to expand or maintain our geographic presence, support our distribution network or invest in new business ventures, complementary products and services. Our investments in unconsolidated affiliates and related direct ownership interests are summarized below:
Investments in Unconsolidated AffiliatesFebruary 26, 2021February 28, 2020
Investment
Balance		Ownership
Interest		Investment
Balance		Ownership
Interest
Equity method investments
Dealer relationships$28.3 25%-40%$29.6 25%-40%
Manufacturing joint venture7.8 49%8.3 49%
IDEO and other6.0 5%-24%6.0 5%-21%
42.1 43.9 
Cost method investments
Dealer relationship5.8 Less than 10%5.8 Less than 10%
Other3.6 Less than 10%2.6 Less than 10%
9.4 8.4 
Total investments in unconsolidated affiliates$51.5 $52.3 
Our equity in earnings of unconsolidated affiliates is recorded in Other income, net on the Consolidated Statements of Income and is summarized below:
Equity in Earnings of Unconsolidated AffiliatesYear Ended
February 26,
2021		February 28,
2020		February 22,
2019
Dealer relationships$8.0 $9.8 $9.9 
Manufacturing joint venture0.7 1.4 2.8 
IDEO and other0.6 1.0 1.0 
Total equity in earnings of unconsolidated affiliates$9.3 $12.2 $13.7 
Dealer Relationships
We have occasionally invested in dealers to expand or maintain our geographic presence and support our distribution network.
Manufacturing Joint Ventures
We have occasionally entered into manufacturing joint ventures to expand or maintain our geographic presence. Our only current manufacturing joint venture is Steelcase Jeraisy Company Limited, which is located in the Kingdom of Saudi Arabia and is engaged in the manufacturing of wood and metal office furniture systems, seating, accessories and related products for the Kingdom.
IDEO
IDEO LP is an innovation and design firm that uses a human-centered, design-based approach to generate new offerings and build new capabilities for its customers. IDEO serves Steelcase and a variety of other organizations within consumer products, financial services, healthcare, information technology, government, transportation and other industries. As of February 26, 2021 and February 28, 2020, we owned a 5% equity interest in IDEO.
The following table summarizes the combined accounts of our equity method investments in unconsolidated affiliates:
Consolidated Balance SheetsFebruary 26,
2021		February 28,
2020
Total current assets$198.7 $250.3 
Total non-current assets130.6 132.7 
Total assets$329.3 $383.0 
Total current liabilities$141.3 $204.2 
Total long-term liabilities31.1 19.6 
Total liabilities$172.4 $223.8 
 
Statements of IncomeYear Ended
February 26,
2021		February 28,
2020		February 22,
2019
Revenue$695.4 $838.0 $806.4 
Gross profit204.9 252.6 235.6 
Income before income tax expense37.8 62.3 64.2 
Net income35.6 58.5 60.3 

Supplemental InformationYear Ended
February 26,
2021		February 28,
2020		February 22,
2019
Dividends received from unconsolidated affiliates$8.1 $12.5 $9.1 
Sales to unconsolidated affiliates201.5 305.7 302.6 
Amount due from unconsolidated affiliates6.4 14.4 11.4