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Revenue from Contracts with Customers | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers Disaggregation of Revenue Revenue from contracts with customers disaggregated by product category is as follows:
| 2022 |  | 2021 |  | 2020
Systems and storage | $ | 889.6 |  |  | $ | 833.2 |  |  | $ | 741.2 |
Seating | 473.7 |  |  | 481.7 |  |  | 489.3 |
Other | 123.0 |  |  | 119.0 |  |  | 135.2 |
Total workplace furnishings | 1,486.2 |  |  | 1,434.0 |  |  | 1,365.7 |
Residential building products | 875.6 |  |  | 750.4 |  |  | 589.7 |
| $ | 2,361.8 |  |  | $ | 2,184.4 |  |  | $ | 1,955.4 |
Sales by product category are subject to similar economic factors and market conditions. See "Note 16. Reportable Segment Information" in the Notes to Consolidated Financial Statements for further information about operating segments. Contract Assets and Contract Liabilities In addition to trade receivables, the Corporation has contract assets consisting of funds paid up-front to certain workplace furnishings dealers in exchange for their multi-year commitment to market and sell the Corporation’s products. These contract assets are amortized over the term of the contracts and recognized as a reduction of revenue. The Corporation has contract liabilities consisting of customer deposits and rebate and marketing program liabilities. Contract assets and contract liabilities were as follows:
| December 31, 2022 |  | January 1, 2022
Trade receivables (1) | $ | 218.4 |  |  | $ | 240.0 |
Contract assets (current) (2) | $ | 2.9 |  |  | $ | 1.5 |
Contract assets (long-term) (3) | $ | 29.8 |  |  | $ | 18.2 |
Contract liabilities - Customer deposits (4) | $ | 27.3 |  |  | $ | 27.2 |
Contract liabilities - Accrued rebate and marketing programs (4) | $ | 31.3 |  |  | $ | 31.5 |
The index below indicates the line item in the Consolidated Balance Sheets where contract assets and contract liabilities are reported: (1) "Receivables" (2) "Prepaid expenses and other current assets" (3) "Other Assets" (4) "Accounts payable and accrued expenses" Changes in contract asset and contract liability balances during the year ended December 31, 2022 were as follows:
| Contract assets increase (decrease) |  | Contract liabilities (increase) decrease
Contract assets recognized | $ | 15.9 |  |  | $ | — |
Reclassification of contract assets to contra-revenue | (2.9) |  |  | — |
Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied | — |  |  | (115.7) |
Contract liabilities paid | — |  |  | 116.0 |
Cash received in advance and not recognized as revenue | — |  |  | (144.9) |
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied | — |  |  | 137.2 |
Impact of divestiture of business | — |  |  | 7.6 |
Net change | $ | 13.0 |  |  | $ | 0.1 |
Changes in contract asset and contract liability balances during the year ended January 1, 2022 were as follows:
| Contract assets increase (decrease) |  | Contract liabilities (increase) decrease
Contract assets recognized | $ | 17.3 |  |  | $ | — |
Reclassification of contract assets to contra-revenue | (0.9) |  |  | — |
Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied | — |  |  | (121.7) |
Contract liabilities paid | — |  |  | 122.1 |
Cash received in advance and not recognized as revenue | — |  |  | (115.2) |
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied | — |  |  | 109.9 |
Impact of business combination | — |  |  | (0.8) |
Net change | $ | 16.4 |  |  | $ | (5.6) |
The increase in contract assets in 2022 and 2021 is due to payments made in connection with multi-year distribution agreements in the workplace furnishings segment. Contract liabilities for customer deposits paid to the Corporation prior to the satisfaction of performance obligations are recognized as revenue upon completion of the performance obligations. The amount of revenue recognized during the year ended December 31, 2022 that was included in the January 1, 2022 contract liabilities balance was $26.7 million. The amount of revenue recognized during the year ended January 1, 2022 that was included in the January 2, 2021 contract liabilities balance was $21.1 million.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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