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Reportable Segments
 12 Months Ended
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 DataAmericas  EMEAOtherCorporateConsolidated  
2023
Revenue$2,340.8 $610.1 $281.7 $— $3,232.6 
Gross profit673.1 159.2 87.1 — 919.4 
Operating income (loss)103.8 (3.4)(6.3)(28.6)65.5 
Total assets1,249.0 408.9 211.3 333.6 2,202.8 
Capital expenditures29.2 13.0 5.3 11.6 59.1 
Depreciation and amortization61.8 20.5 5.7 2.0 90.0 
2022
Revenue$1,905.0 $598.5 $269.2 $— $2,772.7 
Gross profit511.0 165.9 84.6 — 761.5 
Operating income (loss)44.4 3.3 (3.2)(24.4)20.1 
Total assets1,110.4 475.2 227.6 447.8 2,261.0 
Capital expenditures26.9 10.4 5.7 17.5 60.5 
Depreciation and amortization52.0 22.2 6.3 2.7 83.2 
2021
Revenue$1,848.5 $511.3 $236.4 $— $2,596.2 
Gross profit552.8 130.9 79.1 — 762.8 
Operating income (loss)97.0 (32.3)0.2 (21.9)43.0 
Total assets1,015.3 414.4 211.3 713.0 2,354.0 
Capital expenditures17.0 10.8 8.7 4.8 41.3 
Depreciation and amortization54.2 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 DataYear Ended
February 24,
2023		February 25,
2022		February 26,
2021
Long-lived assets (1):
United States$358.3 $364.2 $390.3 
Foreign locations216.5 238.4 245.9 
$574.8 $602.6 $636.2 
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(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.