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Reportable Segments | 12 Months Ended
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Feb. 24, 2023
Segment Reporting [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate expenses are reported as Corporate. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture and architectural products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System and Viccarbe brands. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase, Coalesse, Orangebox and Viccarbe brands, with a comprehensive portfolio of furniture and architectural products. The Other category includes Asia Pacific and Designtex. Asia Pacific serves customers in Australia, China, India, Japan, Korea and other countries in Southeast Asia primarily under the Steelcase brand with a comprehensive portfolio of furniture and architectural products. Designtex 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. We primarily review and evaluate revenue, gross profit and operating income (loss) by segment in both our internal review processes and for our external financial reporting. We also allocate resources primarily based on revenue, gross profit and operating income (loss). Total assets by segment include manufacturing and other assets associated with each segment. Corporate expenses 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, fixed assets, investments in unconsolidated affiliates and right-of-use assets related to operating leases.
Operating Segment Data | Americas | EMEA | Other | Corporate | Consolidated
2023 |  |  |  |  |  |  |  |  |  |
Revenue | $ | 2,340.8 |  |  | $ | 610.1 |  |  | $ | 281.7 |  |  | $ | — |  |  | $ | 3,232.6 |  |
Gross profit | 673.1 |  |  | 159.2 |  |  | 87.1 |  |  | — |  |  | 919.4 |  |
Operating income (loss) | 103.8 |  |  | (3.4) |  |  | (6.3) |  |  | (28.6) |  |  | 65.5 |  |
Total assets | 1,249.0 |  |  | 408.9 |  |  | 211.3 |  |  | 333.6 |  |  | 2,202.8 |  |
Capital expenditures | 29.2 |  |  | 13.0 |  |  | 5.3 |  |  | 11.6 |  |  | 59.1 |  |
Depreciation and amortization | 61.8 |  |  | 20.5 |  |  | 5.7 |  |  | 2.0 |  |  | 90.0 |  |
2022 |  |  |  |  |  |  |  |  |  |
Revenue | $ | 1,905.0 |  |  | $ | 598.5 |  |  | $ | 269.2 |  |  | $ | — |  |  | $ | 2,772.7 |  |
Gross profit | 511.0 |  |  | 165.9 |  |  | 84.6 |  |  | — |  |  | 761.5 |  |
Operating income (loss) | 44.4 |  |  | 3.3 |  |  | (3.2) |  |  | (24.4) |  |  | 20.1 |  |
Total assets | 1,110.4 |  |  | 475.2 |  |  | 227.6 |  |  | 447.8 |  |  | 2,261.0 |  |
Capital expenditures | 26.9 |  |  | 10.4 |  |  | 5.7 |  |  | 17.5 |  |  | 60.5 |  |
Depreciation and amortization | 52.0 |  |  | 22.2 |  |  | 6.3 |  |  | 2.7 |  |  | 83.2 |  |
2021 |  |  |  |  |  |  |  |  |  |
Revenue | $ | 1,848.5 |  |  | $ | 511.3 |  |  | $ | 236.4 |  |  | $ | — |  |  | $ | 2,596.2 |  |
Gross profit | 552.8 |  |  | 130.9 |  |  | 79.1 |  |  | — |  |  | 762.8 |  |
Operating income (loss) | 97.0 |  |  | (32.3) |  |  | 0.2 |  |  | (21.9) |  |  | 43.0 |  |
Total assets | 1,015.3 |  |  | 414.4 |  |  | 211.3 |  |  | 713.0 |  |  | 2,354.0 |  |
Capital expenditures | 17.0 |  |  | 10.8 |  |  | 8.7 |  |  | 4.8 |  |  | 41.3 |  |
Depreciation and amortization | 54.2 |  |  | 22.3 |  |  | 6.1 |  |  | 2.6 |  |  | 85.2 |  |
The accounting policies of each of the reportable segments are the same as those described in Note 2. Reportable geographic information is as follows:
Reportable Geographic Data | Year Ended
February 24, 2023 | February 25, 2022 | February 26, 2021
Long-lived assets (1): |  |  |  |  |  |
United States | $ | 358.3 |  |  | $ | 364.2 |  |  | $ | 390.3 |  |
Foreign locations | 216.5 |  |  | 238.4 |  |  | 245.9 |  |
| $ | 574.8 |  |  | $ | 602.6 |  |  | $ | 636.2 |  |
_______________________________________ (1)Long-lived assets include property, plant and equipment and right-of-use operating lease assets. No country other than the U.S. represented greater than 10% of our long-lived assets in 2023, 2022 or 2021.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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