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Reportable Segments | 12 Months Ended
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Feb. 28, 2025
Segment Reporting [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS The operating segments regularly reviewed by our Chief Executive Officer in the capacity of 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. Our CODM compares budget to actual results and year-over-year variances for revenue, gross profit and operating income (loss) to evaluate the performance of the segments and make decisions regarding the allocation of resources. 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 Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture, interior architectural, textile and surface imaging products that are marketed to corporate, government, education, healthcare 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 interior architectural products that are marketed to corporate, government, education, healthcare and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands. The following table reconciles reportable segment financial data regularly provided to and reviewed by our CODM, including significant segment expenses, to consolidated Income before income tax expense:
Reportable Segment Data | Americas | International | Consolidated
2025 |  |  |  |  |  |
Revenue | $ | 2,465.2 |  |  | $ | 700.8 |  |  | $ | 3,166.0 |  |
Cost of sales | 1,608.2 |  |  | 500.9 |  |  | 2,109.1 |  |
Restructuring costs | 5.8 |  |  | 4.6 |  |  | 10.4 |  |
Gross profit | 851.2 |  |  | 195.3 |  |  | 1,046.5 |  |
Operating expenses | 668.0 |  |  | 220.0 |  |  | 888.0 |  |
Restructuring costs | 0.4 |  |  | — |  |  | 0.4 |  |
Operating income (loss) | 182.8 |  |  | (24.7) |  |  | 158.1 |  |
Interest expense |  |  |  |  | (25.7) |  |
Investment income |  |  |  |  | 13.8 |  |
Other income (expense), net |  |  |  |  | (12.0) |  |
Income before income tax expense |  |  |  |  | 134.2 |  |
2024 |  |  |  |  |  |
Revenue | $ | 2,419.8 |  |  | $ | 739.8 |  |  | $ | 3,159.6 |  |
Cost of sales | 1,618.5 |  |  | 524.3 |  |  | 2,142.8 |  |
Restructuring costs | 2.2 |  |  | 2.2 |  |  | 4.4 |  |
Gross profit | 799.1 |  |  | 213.3 |  |  | 1,012.4 |  |
Operating expenses | 654.2 |  |  | 222.3 |  |  | 876.5 |  |
Restructuring costs | 1.1 |  |  | 17.0 |  |  | 18.1 |  |
Operating income (loss) | 143.8 |  |  | (26.0) |  |  | 117.8 |  |
Interest expense |  |  |  |  | (25.9) |  |
Investment income |  |  |  |  | 6.5 |  |
Other income (expense), net |  |  |  |  | 8.7 |  |
Income before income tax expense |  |  |  |  | $ | 107.1 |  |
2023 |  |  |  |  |  |
Revenue | $ | 2,436.2 |  |  | $ | 796.4 |  |  | $ | 3,232.6 |  |
Cost of sales | 1,722.1 |  |  | 588.6 |  |  | 2,310.7 |  |
Restructuring costs | 2.5 |  |  | — |  |  | 2.5 |  |
Gross profit | 711.6 |  |  | 207.8 |  |  | 919.4 |  |
Operating expenses | 617.5 |  |  | 219.7 |  |  | 837.2 |  |
Restructuring costs | 16.7 |  |  | — |  |  | 16.7 |  |
Operating income (loss) | 77.4 |  |  | (11.9) |  |  | 65.5 |  |
Interest expense |  |  |  |  | (28.4) |  |
Investment income |  |  |  |  | 1.0 |  |
Other income (expense), net |  |  |  |  | 13.5 |  |
Income before income tax expense |  |  |  |  | 51.6 |  |
Reportable Segment Data | Americas | International | Consolidated
2025 |  |  |  |  |  |
Total assets | 1,848.0 |  |  | 482.4 |  |  | 2,330.4 |  |
Capital expenditures | 34.0 |  |  | 13.1 |  |  | 47.1 |  |
Depreciation and amortization | 57.6 |  |  | 23.2 |  |  | 80.8 |  |
2024 |  |  |  |  |  |
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 |  |  |  |  |  |
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 |  |
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 28, 2025 | February 23, 2024 | February 24, 2023
Long-lived assets (1): |  |  |  |  |  |
United States | $ | 258.3 |  |  | $ | 318.0 |  |  | $ | 358.3 |  |
Foreign locations | 211.0 |  |  | 203.5 |  |  | 216.5 |  |
| $ | 469.3 |  |  | $ | 521.5 |  |  | $ | 574.8 |  |
_______________________________________ (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 2025, 2024 or 2023.

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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