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Reportable Segments | 12 Months Ended
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Feb. 23, 2024
Segment Reporting [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS As of the end of Q1 2024, we realigned our reportable segments for financial reporting purposes as a result of changes in how we monitor business performance and allocate resources to support our top strategic priorities. During Q1 2024, we simplified our internal reporting to summarize the results of all brands by geography including utilization of previously unallocated Corporate expenses. This change is parallel to the organizational structure that is used by our Chief Executive Officer in the capacity as CODM for making operating and investment decisions and assessing business performance. The operating segments regularly reviewed by the CODM are (1) the Americas, (2) Europe, the Middle East and Africa ("EMEA") and (3) Asia Pacific. Asia Pacific serves customers in Australia, China, India, Japan, Korea and other countries in Southeast Asia. We primarily review and evaluate revenue, gross profit and operating income (loss) by these segments in our internal review processes and reporting. We also allocate resources among these segments primarily based on revenue, gross profit and operating income (loss). Total assets by segment include manufacturing and other assets associated with each segment. For purposes of segment reporting externally, we have aggregated the EMEA and Asia Pacific operating segments as an International segment based upon their similarity in quantitative and qualitative characteristics as defined in the Accounting Standards Codification ("ASC") 280, Segment Reporting. We evaluated the economic similarity of these operating segments including patterns and trends for revenue, gross profit and operating income (loss) in addition to the similarity in the nature of products and services, types of customers, and production and distribution processes in these regions. We concluded that these operating segments met the criteria for aggregation consistent with the basic principles and objectives of segment reporting described in ASC 280. The change in our reportable segments did not result in a change to our reporting units for purposes of goodwill impairment testing. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture, architectural, textile and surface imaging products that are marketed to corporate, government, healthcare, education and retail customers primarily through the Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System and Viccarbe brands. The International segment serves customers in EMEA and Asia Pacific with a comprehensive portfolio of furniture and architectural products that are marketed to corporate, government, education and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands. As required by ASC 280, all presented segment data reflects the reclassification of previously reported segment data.
Operating Segment Data | Americas | International | Consolidated
2024 |  |  |  |  |  |
Revenue | $ | 2,419.8 |  |  | $ | 739.8 |  |  | $ | 3,159.6 |  |
Gross profit | 799.1 |  |  | 213.3 |  |  | 1,012.4 |  |
Operating income (loss) | 143.8 |  |  | (26.0) |  |  | 117.8 |  |
Total assets | 1,705.5 |  |  | 531.2 |  |  | 2,236.7 |  |
Capital expenditures | 34.1 |  |  | 13.0 |  |  | 47.1 |  |
Depreciation and amortization | 58.5 |  |  | 25.1 |  |  | 83.6 |  |
2023 |  |  |  |  |  |
Revenue | $ | 2,436.2 |  |  | $ | 796.4 |  |  | $ | 3,232.6 |  |
Gross profit | 711.6 |  |  | 207.8 |  |  | 919.4 |  |
Operating income (loss) | 77.4 |  |  | (11.9) |  |  | 65.5 |  |
Total assets | 1,631.2 |  |  | 571.6 |  |  | 2,202.8 |  |
Capital expenditures | 41.9 |  |  | 17.2 |  |  | 59.1 |  |
Depreciation and amortization | 64.6 |  |  | 25.4 |  |  | 90.0 |  |
2022 |  |  |  |  |  |
Revenue | $ | 1,995.1 |  |  | $ | 777.6 |  |  | $ | 2,772.7 |  |
Gross profit | 546.4 |  |  | 215.1 |  |  | 761.5 |  |
Operating income (loss) | 21.2 |  |  | (1.1) |  |  | 20.1 |  |
Total assets | 1,607.1 |  |  | 653.9 |  |  | 2,261.0 |  |
Capital expenditures | 44.4 |  |  | 16.1 |  |  | 60.5 |  |
Depreciation and amortization | 55.6 |  |  | 27.6 |  |  | 83.2 |  |
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 23, 2024 | February 24, 2023 | February 25, 2022
Long-lived assets (1): |  |  |  |  |  |
United States | $ | 318.0 |  |  | $ | 358.3 |  |  | $ | 364.2 |  |
Foreign locations | 203.5 |  |  | 216.5 |  |  | 238.4 |  |
| $ | 521.5 |  |  | $ | 574.8 |  |  | $ | 602.6 |  |
_______________________________________ (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 2024, 2023 or 2022.

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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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