SEC Schedule, Article 12-09, Valuation and Qualifying Accounts

12 Months Ended

Feb. 24, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II Valuation And Qualifying Accounts

SCHEDULE II

STEELCASE INC.

VALUATION AND QUALIFYING ACCOUNTS


Allowance for Losses on Accounts Receivable	Year Ended
	February 24, 2023		February 25, 2022		February 26, 2021
Balance as of beginning of period	$	8.0	$	8.7	$	9.4
Additions:
Charged to costs and expenses	3.0		2.8		6.2

Deductions (1)	(4.3)		(3.3)		(7.3)
Other adjustments (2)	(0.2)		(0.2)		0.4
Balance as of end of period	$	6.5	$	8.0	$	8.7

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(1)Primarily represents changes in our estimated provision for bad debts and excess of accounts written off over recoveries.

(2)Primarily represents currency translation adjustments.


Reserve for Excess and Obsolete Inventory	Year Ended
	February 24, 2023		February 25, 2022		February 26, 2021
Balance as of beginning of period	$	35.7	$	33.8	$	26.1
Additions:
Charged to costs and expenses	12.4		6.9		9.7
Deductions (1)	(7.7)		(4.6)		(2.6)
Other adjustments (2)	0.8		(0.4)		0.6
Balance as of end of period	$	41.2	$	35.7	$	33.8

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(1)Inventory loss charged against inventory reserves.

(2)Includes an increase of $1.3 recognized to record inventory at fair value in our acquisition of Halcon in 2023 and currency translation adjustments.


Valuation Allowance for Deferred Income Tax Assets	Year Ended
	February 24, 2023		February 25, 2022		February 26, 2021
Balance as of beginning of period	$	3.7	$	6.6	$	5.7
Additions:
Charged to costs and expenses	1.0		(2.7)		0.4

Deductions and expirations	—		—		—
Other adjustments (1)	(0.4)		(0.2)		0.5
Balance as of end of period	$	4.3	$	3.7	$	6.6

________________________

(1)Primarily represents currency translation adjustments.