Steelcase (SCS) 10-Q 22 Jun 18 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	3 Months Ended
	May 25, 2018	Jun. 18, 2018	Aug. 25, 2017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 25, 2018
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,019
Trading Symbol	SCS
Entity Registrant Name	STEELCASE INC
Entity Central Index Key	1,050,825
Current Fiscal Year End Date	--02-22
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,046,223,734
Common Class A [Member]
Entity Common Stock, Shares Outstanding		86,271,502
Common Class B [Member]
Entity Common Stock, Shares Outstanding		30,421,673

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) $ in Millions	3 Months Ended
	May 25, 2018	May 26, 2017
Revenue	$ 754	$ 735.1
Cost of sales	516.1	490
Gross profit	237.9	245.1
Operating expenses	214.6	210
Operating income	23.3	35.1
Interest expense	(4.4)	(4.3)
Investment income	1	0.4
Other Nonoperating Income (Expense)	3.3	(2.8)
Income before income tax expense	23.2	28.4
Income Tax Expense (Benefit)	6.2	10.3
Net income	$ 17	$ 18.1
Earnings per share
Basic	$ 0.14	$ 0.15
Diluted	0.14	0.15
Dividends declared and paid per common share	$ 0.1350	$ 0.1275

Condensed Consolidated Stateme3

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	May 25, 2018	May 26, 2017
Net income	$ 17	$ 18.1
Unrealized gain (loss) on investments	0.1	0
Pension and other post-retirement liability adjustments	(0.8)	2.8
Foreign currency translation adjustments	(12.2)	11.5
Comprehensive income	$ 4.1	$ 32.4

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	May 25, 2018	Feb. 23, 2018
ASSETS
Cash and cash equivalents	$ 134.9	$ 283.1
Accounts receivable, net of allowances of $11.2 and $11.1	336.8	300.3
Inventories	202.9	184.6
Prepaid expense	21.7	19.2
Assets Held-for-sale, Not Part of Disposal Group, Current	13.4	13.4
Other current assets	51.4	53.3
Total current assets	761.1	853.9
Property, plant and equipment, net of accumulated depreciation of $993.9 and $998.1	431.4	435.1
Company-owned life insurance	165.7	172.2
Deferred income taxes	132.9	135.4
Goodwill	138.4	138.2
Other intangible assets, net of accumulated amortization of $44.9 and $44.6	44.6	45.6
Investments in unconsolidated affiliates	49.6	48.4
Other assets	31.5	30.4
Total assets	1,755.2	1,859.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	242.1	223.1
Short-term borrowings and current maturities of long-term debt	2.8	2.8
Accrued expenses:
Employee compensation	74.6	145
Employee benefit plan obligations	21.2	39.2
Accrued promotions	24.2	25.5
Customer deposits	19.8	28.2
Product warranties	17	18.1
Other	71.4	72.8
Total current liabilities	473.1	554.7
Long-term liabilities:
Long-term debt less current maturities	291.5	292.2
Employee benefit plan obligations	121	130.8
Other long-term liabilities	60.5	68.2
Total long-term liabilities	473	491.2
Total liabilities	946.1	1,045.9
Shareholders' equity:
Common stock	0	0
Additional paid-in capital	12.6	4.6
Accumulated Other Comprehensive Income (Loss), Net of Tax	(23.2)	(10.3)
Retained earnings	819.7	819
Total shareholders' equity	809.1	813.3
Total liabilities and shareholders' equity	$ 1,755.2	$ 1,859.2

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	May 25, 2018	Feb. 23, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 11.2	$ 11.1
Property, plant and equipment, accumulated depreciation	993.9	998.1
Other intangible assets, accumulated amortization	$ 44.9	$ 44.6

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions		3 Months Ended
		May 25, 2018	May 26, 2017
OPERATING ACTIVITIES
Net income		$ 17	$ 18.1
Depreciation and amortization		17.5	15.4
Non-cash stock compensation		9.2	8.4
Equity in income of unconsolidated affiliates		(3.3)	(3)
Dividends received from unconsolidated affiliates		1.7	4.2
Other		(2.9)	7.3
Changes in operating assets and liabilities net of acquisitions:
Accounts receivable		(42.2)	(16.5)
Inventories		(20.4)	(9.9)
Other assets		(1.1)	11.1
Accounts payable		21.8	7.4
Employee compensation liabilities		(75.4)	(85.5)
Employee benefit obligations		(26.6)	(21.7)
Accrued Liabilities and Other Operating Liabilities		(13)	14.2
Net cash provided by operating activities		(117.7)	(50.5)
INVESTING ACTIVITIES
Capital expenditures		(15.8)	(16.8)
Purchases of short-term investments		0	(19.4)
Liquidations of short-term investments		0	55.5
Other		7.9	(0.6)
Net cash provided by (used in) investing activities		(7.9)	18.7
FINANCING ACTIVITIES
Dividends paid		(16.3)	(15.7)
Common stock repurchases		(3.4)	(5.8)
Repayments of long-term debt		(0.7)	(0.7)
Net cash used in financing activities		(20.4)	(22.2)
Effect of exchange rate changes on cash and cash equivalents		(1.3)	0.8
Net decrease in cash, cash equivalents and restricted cash		(147.3)	(53.2)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	[1]	285.6	199.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	[2]	138.3	146.4
Restricted Cash		2.5	2.5
Restricted Cash		$ 3.4	$ 2.5
[1]	These amounts include restricted cash of $2.5 as of February 23, 2018 and February 24, 2017, which primarily represents funds held in escrow for potential future workers’ compensation claims. The restricted cash balance is included as part of Other Assets in the Condensed Consolidated Balance Sheets
[2]	These amounts include restricted cash of $3.4 and $2.5 as of May 25, 2018 and May 26, 2017, respectively, which primarily represents funds held in escrow for potential future workers’ compensation claims. The restricted cash balance is included as part of Other Assets in the Condensed Consolidated Balance Sheets.

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	May 25, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	BASIS OF PRESENTATION The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions in Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and adjustments) considered necessary for a fair presentation of the condensed consolidated financial statements have been included. Results for interim periods should not be considered indicative of results to be expected for a full year. Reference should be made to the consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the fiscal year ended February 23, 2018 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 23, 2018 was derived from the audited Consolidated Balance Sheet included in our Form 10-K. As used in this Quarterly Report on Form 10-Q (“Report”), unless otherwise expressly stated or the context otherwise requires, all references to “Steelcase,” “we,” “our,” “Company” and similar references are to Steelcase Inc. and its subsidiaries in which a controlling interest is maintained. Unless the context otherwise indicates, reference to a year relates to the fiscal year, ended in February of the year indicated, rather than a calendar year. Additionally, Q1, Q2, Q3 and Q4 reference the first, second, third and fourth quarter, respectively, of the fiscal year indicated. All amounts are in millions, except share and per share data, data presented as a percentage or as otherwise indicated.

New Accounting Standards

New Accounting Standards	3 Months Ended
	May 25, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS In February 2018, the Financial Accounting Standards Board ("FASB"), issued Accounting Standards Update ("ASU") No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) , to address the impact of the U.S. Tax Cuts and Jobs Act (the "Tax Act") on tax effects presented in other comprehensive income. The amended guidance allows a reclassification from accumulated other comprehensive income to retained earnings for the tax effects of items within accumulated other comprehensive income resulting from the Tax Act. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted, including adoption in any interim period for which financial statements have not yet been issued. The amendments may be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. We are currently evaluating the impact of the adoption of this standard on our consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715) , to improve the presentation of net periodic pension cost and net periodic post-retirement benefit cost. The amended guidance requires that an employer disaggregate the service cost component from the other components of net benefit cost, provides explicit guidance on how to present the service cost component and the other components of net benefit cost in the income statement, and allows only the service cost component of net benefit cost to be eligible for capitalization. We adopted the amended guidance in Q1 2019 using the practical expedient which allows entities to use information previously disclosed in their pension and other post-retirement benefit plans footnote as the basis to apply the retrospective presentation requirements. The adoption of this ASU resulted in the following reclassifications in our 2018 Condensed Consolidated Statements of Income: Three Months Ended Year Ended May 26, August 25, November 24, February 23, February 23, 2018 Cost of sales (2.3 ) 1.1 1.0 1.1 0.9 Operating expenses (2.9 ) 0.9 1.0 0.9 (0.1 ) Operating income 5.2 (2.0 ) (2.0 ) (2.0 ) (0.8 ) Other income (expense), net (5.2 ) 2.0 2.0 2.0 0.8 Income before income tax expense — — — — — The amounts reclassified in Q1 2018 include $7.1 of charges related to annuitizing three of the Company's smaller defined benefit plans. There was no impact to Net income on our Condensed Consolidated Statements of Income as a result of this accounting change. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) , which replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact of the adoption of this standard on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which establishes a new lease accounting model for lessees. The updated guidance requires an entity to recognize assets and liabilities arising from financing and operating leases, along with additional qualitative and quantitative disclosures. The amended guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. We expect the adoption of this guidance will result in an increase in the assets and liabilities on our Consolidated Balance Sheets, and we are currently evaluating the extent of this increase. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , which establishes a new standard on revenue recognition. The new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard is designed to create greater comparability for financial statement users across industries and jurisdictions and also requires enhanced disclosures. We adopted the updated guidance in Q1 2019 using the modified retrospective method, which did not have a material impact on the consolidated financial statements. See Note 3 for additional information.

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	May 25, 2018
Revenue [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE We implemented ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), in Q1 2019 using the modified-retrospective method, which required the new guidance to be applied retrospectively to revenue transactions completed on or after the effective date. The adoption of the new revenue standard did not have an impact on our consolidated financial statements except for enhanced disclosures. All necessary changes required by the new standard, including those related to our accounting policies, controls and disclosures, have been identified and implemented as of the beginning of 2019. Accounting Policies Our revenue consists substantially of product sales and related service revenue. Product sales are reported net of discounts and are recognized when control passes to the purchaser, which is when the rights and obligations associated with the product or service have transferred to the purchaser. For sales to our dealers, this typically occurs when product is shipped. In cases where we sell directly to customers, control of the product is often transferred upon delivery. The performance obligation from services is considered satisfied when the services have been rendered. For shipping and handling activities, we have elected to apply the accounting policy election permitted in ASC 606-10-25-18B, which allows an entity to account for shipping and handling activities as fulfillment activities rather than a promised good or service when the activities are performed even if those activities are performed after the control of the good has been transferred. We expense shipping and handling costs at the time revenue is recognized, which is in accordance with the policy election. For sales tax, we elected to apply the accounting policy election permitted in ASC 606-10-32-2A, which allows an entity to exclude from the measurement of the transaction price all taxes assessed by a governmental authority that are imposed on and concurrent with a specific revenue-producing transaction and collected by the entity from a customer, including sales, use, excise, value-added, and franchise taxes (collectively referred to as sales taxes). This allows us to present revenue net of these certain types of taxes. Disaggregation of Revenue The following table provides information about disaggregated revenue by product category for each of our reportable segments: Product Category Data Three Months Ended May 25, May 26, Americas Systems and storage $ 258.0 $ 264.5 Seating 157.9 152.7 Other (1) 119.9 117.8 EMEA Systems and storage 62.8 52.3 Seating 44.2 37.3 Other (1) 30.4 23.5 Other Systems and storage 7.7 14.3 Seating 11.2 13.5 Other (1) 61.9 59.2 $ 754.0 $ 735.1 _______________________________________ (1) The Other product category data by segment consists primarily of consolidated dealers, textiles and surface materials, worktools, architecture, technology, other uncategorized product lines and services. Reportable geographic information is as follows: Reportable Geographic Revenue Three Months Ended May 25, May 26, United States $ 471.3 $ 467.0 Foreign locations 282.7 268.1 $ 754.0 $ 735.1 Contract Balances We have contract assets which are reported as Accounts receivable in the Condensed Consolidated Balance Sheets. These assets represent the amount of consideration to which we are entitled in exchange for the goods or services rendered to our customers. At times, we receive deposits from customers before revenue is recognized, resulting in the recognition of a contract liability ( Customer deposits ) presented in the Condensed Consolidated Balance Sheets. Changes in the Customer deposits balance during the three months ended May 25, 2018 are as follows: Customer Deposits Balance as of February 23, 2018 $ 28.2 Increases due to deposits received, net of other adjustments 12.5 Revenue recognized (20.9 ) Balance as of May 25, 2018 $ 19.8 Practical Expedients Elected For incremental costs of obtaining a contract, we have elected the practical expedient permitted in ASC 340-40-25-4, which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period will be less than one year. This election had no effect on our financial statements. For significant financing components, we have elected the practical expedient permitted in ASC 606-10-32-18, which allows an entity to recognize the promised amount of consideration without adjusting for the effects of a significant financing component if the contract has a duration of one year or less. As our contracts typically are less than one year in length and do not have significant financing components, consideration is not adjusted.

Earnings Per Share

Earnings Per Share	3 Months Ended
	May 25, 2018
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Earnings per share is computed using the two-class method. The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings. Participating securities represent restricted stock units in which the participants have non-forfeitable rights to dividend equivalents during the performance period. Diluted earnings per share includes the effects of certain performance units in which the participants have forfeitable rights to dividend equivalents during the performance period. Three Months Ended Computation of Earnings per Share May 25, May 26, Net income $ 17.0 $ 18.1 Adjustment for earnings attributable to participating securities (0.3 ) (0.3 ) Net income used in calculating earnings per share $ 16.7 $ 17.8 Weighted-average common shares outstanding including participating securities (in millions) 118.7 120.0 Adjustment for participating securities (in millions) (2.1 ) (2.1 ) Shares used in calculating basic earnings per share (in millions) 116.6 117.9 Effect of dilutive stock-based compensation (in millions) — 0.3 Shares used in calculating diluted earnings per share (in millions) 116.6 118.2 Earnings per share: Basic $ 0.14 $ 0.15 Diluted $ 0.14 $ 0.15 Total common shares outstanding at period end (in millions) 116.7 118.0 Anti-dilutive performance units excluded from the computation of diluted earnings per share (in millions) 0.4 0.3

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	May 25, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended May 25, 2018 : Unrealized gain (loss) on investments Pension and other post-retirement liability adjustments Foreign currency translation adjustments Total Balance as of February 23, 2018 $ (0.3 ) $ 14.7 $ (24.7 ) $ (10.3 ) Other comprehensive income (loss) before reclassifications 0.1 0.4 (12.2 ) (11.7 ) Amounts reclassified from accumulated other comprehensive income (loss) — (1.2 ) — (1.2 ) Net current period other comprehensive income (loss) 0.1 (0.8 ) (12.2 ) (12.9 ) Balance as of May 25, 2018 $ (0.2 ) $ 13.9 $ (36.9 ) $ (23.2 ) The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the three months ended May 25, 2018 and May 26, 2017 : Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Income Three Months Ended May 25, May 26, Amortization of pension and other post-retirement liability adjustments Actuarial losses (gains) (1) (0.9 ) (0.8 ) Other income (expense), net Prior service cost (credit) (1) (0.6 ) (1.8 ) Other income (expense), net Settlements - Actuarial losses (gains) (1) — 7.1 Other income (expense), net 0.3 (1.2 ) Income tax expense Total reclassifications $ (1.2 ) $ 3.3 Net income _______________________________________ (1) Reclassified from Cost of sales and Operating expenses to Other income (expense), ne t as a result of the adoption of ASU 2017-07.

Fair Value

Fair Value	3 Months Ended
	May 25, 2018
Fair Value [Abstract]
Fair Value	FAIR VALUE The carrying amounts for many of our financial instruments, including cash and cash equivalents, accounts and notes receivable, accounts and notes payable, short-term borrowings and certain other liabilities, approximate their fair value due to their relatively short maturities. Our short-term investments, foreign exchange forward contracts and long-term investments are measured at fair value on the Condensed Consolidated Balance Sheets. Our total debt is carried at cost and was $294.3 and $295.0 as of May 25, 2018 and February 23, 2018 , respectively. The fair value of our total debt is measured using a discounted cash flow analysis based on current market interest rates for similar types of instruments and was approximately $313 and $316 as of May 25, 2018 and February 23, 2018 , respectively. The estimation of the fair value of our total debt is based on Level 2 fair value measurements. We periodically use derivative financial instruments to manage exposures to movements in foreign exchange rates and interest rates. The use of these financial instruments modifies the exposure of these risks with the intention to reduce our risk of short-term volatility. We do not use derivatives for speculative or trading purposes. Assets and liabilities measured at fair value in our Consolidated Balance Sheets as of May 25, 2018 and February 23, 2018 are summarized below: May 25, 2018 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 134.9 $ — $ — $ 134.9 Restricted cash 3.4 — — 3.4 Foreign exchange forward contracts — 2.4 — 2.4 Auction rate securities — — 3.6 3.6 $ 138.3 $ 2.4 $ 3.6 $ 144.3 Liabilities: Foreign exchange forward contracts — (0.6 ) — (0.6 ) $ — $ (0.6 ) $ — $ (0.6 ) February 23, 2018 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 283.1 $ — $ — $ 283.1 Restricted cash 2.5 — — 2.5 Foreign exchange forward contracts — 2.1 — 2.1 Auction rate securities — — 3.5 3.5 $ 285.6 $ 2.1 $ 3.5 $ 291.2 Liabilities: Foreign exchange forward contracts $ — $ (1.4 ) $ — $ (1.4 ) $ — $ (1.4 ) $ — $ (1.4 ) Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the three months ended May 25, 2018 : Roll-Forward of Fair Value Using Level 3 Inputs Auction Rate Securities Balance as of February 23, 2018 $ 3.5 Unrealized gain on investments 0.1 Balance as of May 25, 2018 $ 3.6

Inventories

Inventories	3 Months Ended
	May 25, 2018
Inventories [Abstract]
Inventories	INVENTORIES Inventories May 25, February 23, Raw materials and work-in-process $ 105.1 $ 98.3 Finished goods 117.0 105.3 222.1 203.6 Revaluation to LIFO 19.2 19.0 $ 202.9 $ 184.6 The portion of inventories determined by the LIFO method was $80.4 and $76.3 as of May 25, 2018 and February 23, 2018 , respectively.

Income Taxes (Notes)

Income Taxes (Notes)	3 Months Ended
	May 25, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES In Q4 2018, the U.S. government enacted the Tax Act, which was effective January 1, 2018. The Tax Act makes broad and complex changes to the U.S. tax code that affect 2018 and future periods. The following is a summary of the key corporate income tax provisions of the Tax Act: • reduced the U.S. federal corporate income tax rate from 35% to 21%, • implemented a one-time tax on the deemed repatriation of undistributed non-U.S. subsidiary earnings and generally eliminated the U.S. federal corporate income taxes on dividends from foreign subsidiaries, • included global intangible low-taxed income ("GILTI") provisions, which impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations, and • included base-erosion and anti-abuse tax provisions, which eliminate the deduction of certain base-erosion payments made to related foreign corporations, and imposed a minimum tax if greater than regular tax. As of May 25, 2018 , the amounts we have recorded for the Tax Act remain provisional for the deemed repatriation tax, the remeasurement of deferred taxes, our reassessment of permanently reinvested earnings, uncertain tax positions and valuation allowances. These amounts may be impacted by further analysis and future clarification and guidance regarding available tax accounting methods and elections, earnings and profits computations, state tax conformity to federal tax changes and the impact of the GILTI provisions. As of May 25, 2018 , we were unable to reasonably estimate, and therefore have not recorded, deferred taxes with respect to the GILTI provisions. We have not yet determined our policy election with respect to whether to record deferred taxes on basis differences that are expected to affect the amount of GILTI inclusions upon reversal or to record the impact of the GILTI tax in the period in which that tax is incurred.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	May 25, 2018
Share-based Compensation [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION Performance Units In Q1 2019, we awarded 183,900 performance units ("PSUs") to certain key employees. The PSUs awarded are earned after a three-year performance period, from 2019 through 2021, based on achievement of certain total shareholder return results relative to a comparison group of companies, which is a market condition, and, if earned, will be issued in the form of shares of Class A Common Stock. The number of shares that may be earned can range from 0% to 200% of the target amount; therefore, the maximum number of shares that can be issued under these awards is 367,800 . These PSUs are expensed and recorded in Additional paid-in capital on the Condensed Consolidated Balance Sheets over the performance period. We used the Monte Carlo simulation model to calculate the fair value of these PSUs on the date of grant. The model resulted in a weighted average grant date fair value of $18.02 per unit for these PSUs, compared to $21.76 and $16.33 per unit for similar PSUs granted in 2018 and 2017, respectively. The weighted average grant date fair values were determined using the following assumptions: 2019 Awards 2018 Awards 2017 Awards Three-year risk-free interest rate (1) 2.6 % 1.4 % 0.9 % Expected term 3 years 3 years 3 years Estimated volatility (2) 33.8 % 31.8 % 31.2 % _______________________________________ (1) Based on the U.S. government bond benchmark on the grant date. (2) Represents the historical price volatility of the Company’s common stock for the three-year period preceding the grant date. The total PSU expense and associated tax benefit for all outstanding awards for the three months ended May 25, 2018 and May 26, 2017 are as follows: Three Months Ended Performance Units May 25, May 26, Expense $ 2.3 $ 1.6 Tax benefit 0.6 0.6 As of May 25, 2018 , there was $2.9 of remaining unrecognized compensation cost related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.2 years. The PSU activity for the three months ended May 25, 2018 is as follows: Maximum Number of Shares That May Be Issued Under Nonvested Units Total Weighted-Average Grant Date Fair Value per Unit Nonvested as of February 23, 2018 688,600 $ 18.77 Granted 367,800 18.02 Nonvested as of May 25, 2018 1,056,400 $ 18.50 Restricted Stock Units In Q1 2019, we awarded 698,668 restricted stock units ("RSUs") to certain employees. These RSUs have restrictions on transfer which lapse three years after the date of grant, at which time the units will be issued as unrestricted shares of Class A Common Stock. RSUs are expensed and recorded in Additional paid-in capital on the Condensed Consolidated Balance Sheets over the requisite service period based on the value of the underlying shares on the date of grant. The RSU expense and associated tax benefit for all outstanding awards for the three months ended May 25, 2018 and May 26, 2017 are as follows: Three Months Ended Restricted Stock Units May 25, May 26, Expense $ 6.7 $ 6.5 Tax benefit 1.8 2.4 As of May 25, 2018 , there was $11.2 of remaining unrecognized compensation cost related to nonvested RSUs, which is expected to be recognized over a weighted-average period of 2.1 years. The RSU activity for the three months ended May 25, 2018 is as follows: Nonvested Units Total Weighted-Average Grant Date Fair Value per Unit Nonvested as of February 23, 2018 1,789,775 $ 15.75 Granted 698,668 14.28 Vested (20,428 ) 18.24 Forfeited (12,367 ) 16.32 Nonvested as of May 25, 2018 2,455,648 $ 15.30

Acquisitions (Notes)

Acquisitions (Notes)	3 Months Ended
	May 25, 2018
Acquistitions [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	ACQUISITIONS On December 26, 2017, we acquired AMQ Solutions ("AMQ"), a California-based provider of height-adjustable desking, benching and seating for workstations in the open plan, collaborative environments and training rooms. In addition, we acquired certain assets of an affiliated company, Tricom Vision Limited. The total purchase price for the acquisition was $69.9 , which was primarily funded by the liquidation of short-term investments. Up to an additional $5.0 is payable to the sellers contingent upon certain performance obligations being met over a two year period. This acquisition is expected to strengthen our reach within the industry by broadening our portfolio at lower price points. The goodwill resulting from the acquisition consists largely of economies of scale expected from integrating AMQ into our existing dealer network. Tangible assets and liabilities were valued as of the acquisition date using a market analysis and intangible assets were valued using a discounted cash flow analysis, which represents a Level 3 measurement. We have recorded $30.1 related to identifiable intangible assets, $31.5 to goodwill and approximately $12.5 related to working capital items such as accounts receivable, inventories and accounts payable. The entire amount recorded to goodwill is recorded in the Americas segment and is deductible for U.S. income tax purposes. Intangibles are principally related to dealer relationships which will be amortized over 11 years. In Q1 2019, we recorded measurement period adjustments of $0.5 related to a decrease in net working capital and a decrease of $0.2 to the contingent liability payable to the sellers for certain liabilities existing prior to the opening balance sheet date. These adjustments increased goodwill by $0.3 , and all amounts referenced above are inclusive of these measurement period adjustments.

Reportable Segments

Reportable Segments	3 Months Ended
	May 25, 2018
Reportable Segments [Abstract]
Reportable Segments	REPORTABLE SEGMENTS Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate costs are reported as Corporate. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a portfolio of integrated architecture, furniture and technology products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse, Turnstone and AMQ brands. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands, with an emphasis on freestanding furniture systems, storage and seating solutions. The Other category includes Asia Pacific, Designtex and PolyVision. Asia Pacific serves customers in Asia and Australia primarily under the Steelcase brand with an emphasis on freestanding furniture systems, seating and storage solutions. Designtex primarily 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. PolyVision manufactures ceramic steel surfaces for use in various applications globally, including static whiteboards and chalkboards sold through third party fabricators and distributors to the primary and secondary education markets and architectural panels and other special applications sold through general contractors for commercial and infrastructure projects. We primarily review and evaluate operating income by segment in both our internal review processes and for our external financial reporting. We also allocate resources primarily based on operating income. Total assets by segment include manufacturing and other assets associated with each segment. Corporate costs 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 COLI. Revenue and operating income (loss) for the three months ended May 25, 2018 and May 26, 2017 and total assets as of May 25, 2018 and February 23, 2018 by segment are presented below: Three Months Ended Reportable Segment Statement of Operations Data May 25, May 26, Revenue Americas $ 535.8 $ 535.0 EMEA 137.4 113.1 Other 80.8 87.0 $ 754.0 $ 735.1 Operating income (loss) Americas $ 29.7 $ 42.9 EMEA (1.7 ) (8.6 ) Other 1.6 9.5 Corporate (6.3 ) (8.7 ) $ 23.3 $ 35.1 Reportable Segment Balance Sheet Data May 25, February 23, Total assets Americas $ 986.1 $ 943.2 EMEA 295.1 300.3 Other 207.1 209.1 Corporate 266.9 406.6 $ 1,755.2 $ 1,859.2

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	May 25, 2018
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENT On June 8, 2018, we announced the pending acquisition of Smith System Manufacturing Company (“Smith System”), a Texas-based manufacturer of high quality furniture for the preK-12 education market. The proposed transaction includes the purchase of all of the outstanding capital stock of Smith System for approximately $140 plus an adjustment for working capital in an all-cash transaction. An additional $5 will be funded to an escrow account, which is payable to the seller at the end of two years based on continued employment. We intend to fund the acquisition through a combination of domestic cash on hand and borrowings under our credit facility. The acquisition is expected to be completed during Q2 2019, subject to customary closing conditions and regulatory approvals.

New Accounting Standards New Ac

New Accounting Standards New Accounting Standards (Tables)	3 Months Ended
	May 25, 2018
New Accounting Standards [Abstract]
Restatement to Prior Year Income [Table Text Block]	The adoption of this ASU resulted in the following reclassifications in our 2018 Condensed Consolidated Statements of Income: Three Months Ended Year Ended May 26, August 25, November 24, February 23, February 23, 2018 Cost of sales (2.3 ) 1.1 1.0 1.1 0.9 Operating expenses (2.9 ) 0.9 1.0 0.9 (0.1 ) Operating income 5.2 (2.0 ) (2.0 ) (2.0 ) (0.8 ) Other income (expense), net (5.2 ) 2.0 2.0 2.0 0.8 Income before income tax expense — — — — —

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 25, 2018
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenue The following table provides information about disaggregated revenue by product category for each of our reportable segments: Product Category Data Three Months Ended May 25, May 26, Americas Systems and storage $ 258.0 $ 264.5 Seating 157.9 152.7 Other (1) 119.9 117.8 EMEA Systems and storage 62.8 52.3 Seating 44.2 37.3 Other (1) 30.4 23.5 Other Systems and storage 7.7 14.3 Seating 11.2 13.5 Other (1) 61.9 59.2 $ 754.0 $ 735.1 _______________________________________ (1) The Other product category data by segment consists primarily of consolidated dealers, textiles and surface materials, worktools, architecture, technology, other uncategorized product lines and services. Reportable geographic information is as follows: Reportable Geographic Revenue Three Months Ended May 25, May 26, United States $ 471.3 $ 467.0 Foreign locations 282.7 268.1 $ 754.0 $ 735.1
Contract with Customer, changes in customer deposits	Changes in the Customer deposits balance during the three months ended May 25, 2018 are as follows: Customer Deposits Balance as of February 23, 2018 $ 28.2 Increases due to deposits received, net of other adjustments 12.5 Revenue recognized (20.9 ) Balance as of May 25, 2018 $ 19.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	May 25, 2018
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	Three Months Ended Computation of Earnings per Share May 25, May 26, Net income $ 17.0 $ 18.1 Adjustment for earnings attributable to participating securities (0.3 ) (0.3 ) Net income used in calculating earnings per share $ 16.7 $ 17.8 Weighted-average common shares outstanding including participating securities (in millions) 118.7 120.0 Adjustment for participating securities (in millions) (2.1 ) (2.1 ) Shares used in calculating basic earnings per share (in millions) 116.6 117.9 Effect of dilutive stock-based compensation (in millions) — 0.3 Shares used in calculating diluted earnings per share (in millions) 116.6 118.2 Earnings per share: Basic $ 0.14 $ 0.15 Diluted $ 0.14 $ 0.15 Total common shares outstanding at period end (in millions) 116.7 118.0 Anti-dilutive performance units excluded from the computation of diluted earnings per share (in millions) 0.4 0.3

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	May 25, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended May 25, 2018 : Unrealized gain (loss) on investments Pension and other post-retirement liability adjustments Foreign currency translation adjustments Total Balance as of February 23, 2018 $ (0.3 ) $ 14.7 $ (24.7 ) $ (10.3 ) Other comprehensive income (loss) before reclassifications 0.1 0.4 (12.2 ) (11.7 ) Amounts reclassified from accumulated other comprehensive income (loss) — (1.2 ) — (1.2 ) Net current period other comprehensive income (loss) 0.1 (0.8 ) (12.2 ) (12.9 ) Balance as of May 25, 2018 $ (0.2 ) $ 13.9 $ (36.9 ) $ (23.2 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the three months ended May 25, 2018 and May 26, 2017 : Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Income Three Months Ended May 25, May 26, Amortization of pension and other post-retirement liability adjustments Actuarial losses (gains) (1) (0.9 ) (0.8 ) Other income (expense), net Prior service cost (credit) (1) (0.6 ) (1.8 ) Other income (expense), net Settlements - Actuarial losses (gains) (1) — 7.1 Other income (expense), net 0.3 (1.2 ) Income tax expense Total reclassifications $ (1.2 ) $ 3.3 Net income

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	May 25, 2018
Fair Value [Abstract]
Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis	Assets and liabilities measured at fair value in our Consolidated Balance Sheets as of May 25, 2018 and February 23, 2018 are summarized below: May 25, 2018 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 134.9 $ — $ — $ 134.9 Restricted cash 3.4 — — 3.4 Foreign exchange forward contracts — 2.4 — 2.4 Auction rate securities — — 3.6 3.6 $ 138.3 $ 2.4 $ 3.6 $ 144.3 Liabilities: Foreign exchange forward contracts — (0.6 ) — (0.6 ) $ — $ (0.6 ) $ — $ (0.6 ) February 23, 2018 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 283.1 $ — $ — $ 283.1 Restricted cash 2.5 — — 2.5 Foreign exchange forward contracts — 2.1 — 2.1 Auction rate securities — — 3.5 3.5 $ 285.6 $ 2.1 $ 3.5 $ 291.2 Liabilities: Foreign exchange forward contracts $ — $ (1.4 ) $ — $ (1.4 ) $ — $ (1.4 ) $ — $ (1.4 )
Rollforward of Assets with Unobservable Inputs Measured at Fair Value on Recurring Basis	Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the three months ended May 25, 2018 : Roll-Forward of Fair Value Using Level 3 Inputs Auction Rate Securities Balance as of February 23, 2018 $ 3.5 Unrealized gain on investments 0.1 Balance as of May 25, 2018 $ 3.6

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 25, 2018
Inventories [Abstract]
Schedule of Inventory	Inventories May 25, February 23, Raw materials and work-in-process $ 105.1 $ 98.3 Finished goods 117.0 105.3 222.1 203.6 Revaluation to LIFO 19.2 19.0 $ 202.9 $ 184.6

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	May 25, 2018
Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Valuation Assumptions for Performance Unit Awards	The weighted average grant date fair values were determined using the following assumptions: 2019 Awards 2018 Awards 2017 Awards Three-year risk-free interest rate (1) 2.6 % 1.4 % 0.9 % Expected term 3 years 3 years 3 years Estimated volatility (2) 33.8 % 31.8 % 31.2 % _______________________________________ (1) Based on the U.S. government bond benchmark on the grant date. (2) Represents the historical price volatility of the Company’s common stock for the three-year period preceding the grant date.
Schedule of Compensation Costs by Plan for Share-based Payment Arrangements	The total PSU expense and associated tax benefit for all outstanding awards for the three months ended May 25, 2018 and May 26, 2017 are as follows: Three Months Ended Performance Units May 25, May 26, Expense $ 2.3 $ 1.6 Tax benefit 0.6 0.6
Schedule of Performance Unit Awards Activity	The PSU activity for the three months ended May 25, 2018 is as follows: Maximum Number of Shares That May Be Issued Under Nonvested Units Total Weighted-Average Grant Date Fair Value per Unit Nonvested as of February 23, 2018 688,600 $ 18.77 Granted 367,800 18.02 Nonvested as of May 25, 2018 1,056,400 $ 18.50
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Compensation Costs by Plan for Share-based Payment Arrangements	The RSU expense and associated tax benefit for all outstanding awards for the three months ended May 25, 2018 and May 26, 2017 are as follows: Three Months Ended Restricted Stock Units May 25, May 26, Expense $ 6.7 $ 6.5 Tax benefit 1.8 2.4
Schedule of Restricted Stock Unit Awards Activity	The RSU activity for the three months ended May 25, 2018 is as follows: Nonvested Units Total Weighted-Average Grant Date Fair Value per Unit Nonvested as of February 23, 2018 1,789,775 $ 15.75 Granted 698,668 14.28 Vested (20,428 ) 18.24 Forfeited (12,367 ) 16.32 Nonvested as of May 25, 2018 2,455,648 $ 15.30

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	May 25, 2018
Reportable Segments [Abstract]
Schedule of Segment Reporting Information	Revenue and operating income (loss) for the three months ended May 25, 2018 and May 26, 2017 and total assets as of May 25, 2018 and February 23, 2018 by segment are presented below: Three Months Ended Reportable Segment Statement of Operations Data May 25, May 26, Revenue Americas $ 535.8 $ 535.0 EMEA 137.4 113.1 Other 80.8 87.0 $ 754.0 $ 735.1 Operating income (loss) Americas $ 29.7 $ 42.9 EMEA (1.7 ) (8.6 ) Other 1.6 9.5 Corporate (6.3 ) (8.7 ) $ 23.3 $ 35.1 Reportable Segment Balance Sheet Data May 25, February 23, Total assets Americas $ 986.1 $ 943.2 EMEA 295.1 300.3 Other 207.1 209.1 Corporate 266.9 406.6 $ 1,755.2 $ 1,859.2

New Accounting Standards Narrat

New Accounting Standards Narrative (Details) - USD ($) $ in Millions	3 Months Ended					12 Months Ended
	May 25, 2018	Feb. 23, 2018	Nov. 24, 2017	Aug. 25, 2017	May 26, 2017	Feb. 23, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales	$ 516.1				$ 490
Operating expenses	214.6				210
Operating income	23.3				35.1
Other Nonoperating Income (Expense)	3.3				(2.8)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	23.2				$ 28.4
Accounting Standards Update 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales	(2.3)	$ 1.1	$ 1	$ 1.1		$ 0.9
Operating expenses	(2.9)	0.9	1	0.9		(0.1)
Operating income	5.2	(2)	(2)	(2)		(0.8)
Other Nonoperating Income (Expense)	(5.2)	2	2	2		0.8
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 0	$ 0	$ 0	$ 0		$ 0

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions		3 Months Ended
		May 25, 2018	May 26, 2017	Feb. 23, 2018
Contract with Customer, Liability		$ 19.8		$ 28.2
Revenues		754	$ 735.1
Systems and storage [Member] | Americas [Member]
Revenues		258	264.5
Systems and storage [Member] | EMEA [Member]
Revenues		62.8	52.3
Systems and storage [Member] | Other category [Member]
Revenues		7.7	14.3
Seating [Member] | Americas [Member]
Revenues		157.9	152.7
Seating [Member] | EMEA [Member]
Revenues		44.2	37.3
Seating [Member] | Other category [Member]
Revenues		11.2	13.5
Other Product Category [Member] | Americas [Member]
Revenues	[1]	119.9	117.8
Other Product Category [Member] | EMEA [Member]
Revenues	[1]	30.4	23.5
Other Product Category [Member] | Other category [Member]
Revenues	[1]	61.9	59.2
UNITED STATES
Revenues		471.3	467
Foreign locations [Member]
Revenues		282.7	$ 268.1
Deposits [Member]
contract with customer, increases in liability due to deposits received		12.5
Revenue from Contract with Customer [Member]
Contract with Customer, Liability, Revenue Recognized		$ (20.9)
[1]	The Other product category data by segment consists primarily of consolidated dealers, textiles and surface materials, worktools, architecture, technology, other uncategorized product lines and services.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 25, 2018	May 26, 2017
Earnings Per Share [Abstract]
Net income	$ 17	$ 18.1
Adjustment for earnings attributable to participating securities	(0.3)	(0.3)
Net income used in calculating earnings per share	$ 16.7	$ 17.8
Weighted-average common shares outstanding including participating securities (in millions)	118.7	120
Adjustment for participating securities (in millions)	(2.1)	(2.1)
Shares used in calculating basic earnings per share (in millions)	116.6	117.9
Effect of dilutive stock-based compensation (in millions)	0	0.3
Shares used in calculating diluted earnings per share (in millions)	116.6	118.2
Earnings per share, basic	$ 0.14	$ 0.15
Earnings per share, diluted	$ 0.14	$ 0.15
Total common shares outstanding at period end (in millions)	116.7	118
Anti-dilutive performance units excluded from computation of diluted earnings per share (in millions)	0.4	0.3

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 25, 2018	May 26, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (10.3)
Other comprehensive income (loss) before reclassifications	(11.7)
Amounts reclassified from accumulated other comprehensive income (loss)	(1.2)
Total other comprehensive income (loss), net	(12.9)	$ 14.3
Balance as of May 25, 2018	(23.2)
Unrealized gain (loss) on investments [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(0.3)
Other comprehensive income (loss) before reclassifications	0.1
Amounts reclassified from accumulated other comprehensive income (loss)	0
Total other comprehensive income (loss), net	0.1
Balance as of May 25, 2018	(0.2)
Pension and other post-retirement liability adjustments [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	14.7
Other comprehensive income (loss) before reclassifications	0.4
Amounts reclassified from accumulated other comprehensive income (loss)	(1.2)
Total other comprehensive income (loss), net	(0.8)
Balance as of May 25, 2018	13.9
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(24.7)
Other comprehensive income (loss) before reclassifications	(12.2)
Amounts reclassified from accumulated other comprehensive income (loss)	0
Total other comprehensive income (loss), net	(12.2)
Balance as of May 25, 2018	$ (36.9)

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income (Loss) Reclassifications out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended
		May 25, 2018	May 26, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)		$ (1.2)
Income Tax Expense (Benefit)		6.2	$ 10.3
Net income		17	18.1
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income			3.3
Unrealized gain (loss) on investments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)		0
Pension and other post-retirement liability adjustments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)		(1.2)
Pension and other post-retirement liability adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income Tax Expense (Benefit)		0.3	(1.2)
Foreign currency translation adjustments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)		0
Actuarial losses (gains) [Member] | Pension and other post-retirement liability adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Income	[1]	(0.9)	(0.8)
Prior service cost (credit) [Member] | Pension and other post-retirement liability adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Income	[1]	(0.6)	(1.8)
Reclassification out of accumulated Other Comprehensive Income due to Defined Benefit Plan Settlements [Member] | Actuarial losses (gains) [Member] | Pension and other post-retirement liability adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Income	[1]	$ 0	$ 7.1
[1]	Reclassified from Cost of sales and Operating expenses to Other income (expense), net as a result of the adoption of ASU 2017-07.

Fair Value Narrative (Details)

Fair Value Narrative (Details) - USD ($) $ in Millions	May 25, 2018	Feb. 23, 2018
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 294.3	$ 295
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 313	$ 316

Fair Value Hierarchy of Assets

Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	May 25, 2018	Feb. 23, 2018
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents, Fair Value Disclosure	$ 134.9	$ 283.1
Restricted Cash and Cash Equivalents	3.4	2.5
Assets, Fair Value Disclosure	144.3	291.2
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange forward contracts, Liability, Fair Value Disclosure	(0.6)	(1.4)
Liabilities, Fair Value Disclosure	(0.6)	(1.4)
Foreign Exchange Contract [Member]
Assets, Fair Value Disclosure [Abstract]
Foreign Currency Contract, Asset, Fair Value Disclosure	2.4	2.1
Auction Rate Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	3.6	3.5
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents, Fair Value Disclosure	134.9	283.1
Restricted Cash and Cash Equivalents	3.4	2.5
Assets, Fair Value Disclosure	138.3	285.6
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange forward contracts, Liability, Fair Value Disclosure	0	0
Liabilities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Contract [Member]
Assets, Fair Value Disclosure [Abstract]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Auction Rate Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Restricted Cash and Cash Equivalents	0	0
Assets, Fair Value Disclosure	2.4	2.1
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange forward contracts, Liability, Fair Value Disclosure	(0.6)	(1.4)
Liabilities, Fair Value Disclosure	(0.6)	(1.4)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member]
Assets, Fair Value Disclosure [Abstract]
Foreign Currency Contract, Asset, Fair Value Disclosure	2.4	2.1
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Auction Rate Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure [Abstract]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Restricted Cash and Cash Equivalents	0	0
Assets, Fair Value Disclosure	3.6	3.5
Liabilities, Fair Value Disclosure [Abstract]
Foreign exchange forward contracts, Liability, Fair Value Disclosure	0	0
Liabilities, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Contract [Member]
Assets, Fair Value Disclosure [Abstract]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Auction Rate Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Available-for-sale Securities, Fair Value Disclosure	$ 3.6	$ 3.5

Fair Value Reconciliation of Ch

Fair Value Reconciliation of Changes in Level 3 Balances (Details) - Auction Rate Securities [Member] $ in Millions	3 Months Ended
	May 25, 2018USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at the beginning of the period	$ 3.5
Balance at the end of period	3.6
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at the beginning of the period	3.5
Unrealized gain on investments	0.1
Balance at the end of period	$ 3.6

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	May 25, 2018	Feb. 23, 2018
Inventories [Abstract]
Raw materials and work-in-process	$ 105.1	$ 98.3
Finished goods	117	105.3
Inventory, net of valuation allowances	222.1	203.6
LIFO reserve	19.2	19
Inventory, net of valuation allowances and LIFO reserve	202.9	184.6
FIFO inventory amount	$ 80.4	$ 76.3

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		12 Months Ended
		May 25, 2018	May 26, 2017	Feb. 24, 2017
Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		$ 2.3	$ 1.6
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		$ 0.6	0.6
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		688,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		367,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		1,056,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 18.77
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		18.02
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 18.50
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		$ 6.7	6.5
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		$ 1.8	$ 2.4
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		1,789,775
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		698,668
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		20,428
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		12,367
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		2,455,648
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 15.75
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		14.28
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value		18.24
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		16.32
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 15.30
2017 Performance Unit Award [Member] | Performance Units [Member] | Market Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			0.90%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			31.20%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 16.33
[1]	Based on the U.S. government bond benchmark on the grant date.
[2]	Represents the historical price volatility of the Company’s common stock for the three-year period preceding the grant date.

Share-Based Compensation Narrat

Share-Based Compensation Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	12 Months Ended
		May 25, 2018	Feb. 23, 2018	Feb. 24, 2017
Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition		2 years 2 months
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options		$ 2.9
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		367,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 18.02
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition		2 years 1 month
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options		$ 11.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		698,668
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 14.28
2019 Performance Unit Award [Member] [Member] | Performance Units [Member] | Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		183,900
2019 Performance Unit Award [Member] [Member] | Performance Units [Member] | Market Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]	2.60%
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Shares Issued		367,800
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 18.02
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]	33.80%
2019 Performance Unit Award [Member] [Member] | Performance Units [Member] | Market Condition [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Percent Earned		0.00%
2019 Performance Unit Award [Member] [Member] | Performance Units [Member] | Market Condition [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Percent Earned		200.00%
2017 Performance Unit Award [Member] | Performance Units [Member] | Market Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]		1.40%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 21.76
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]		31.80%
2017 Performance Unit Award [Member] | Performance Units [Member] | Market Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			0.90%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 16.33
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			31.20%
[1]	Based on the U.S. government bond benchmark on the grant date.
[2]	Represents the historical price volatility of the Company’s common stock for the three-year period preceding the grant date.

Acquisitions (Details)

Acquisitions (Details) $ in Millions	3 Months Ended
	May 25, 2018USD ($)
Dealer relationships [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	11 years
AMQ Acquisition Q4 2018 [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 69.9
Business Combination, Contingent Consideration, Liability	5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	0
Business Acquisition, Goodwill, Expected Tax Deductible Amount	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	0
Business Combinations, Changes in Tangible Net Assets Acquired	0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0
Goodwill, Purchase Accounting Adjustments	$ 0

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended
	May 25, 2018	May 26, 2017	Feb. 23, 2018
Segment Reporting Information [Line Items]
Revenue	$ 754	$ 735.1
Operating income	23.3	35.1
Total assets	1,755.2		$ 1,859.2
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	535.8	535
Operating income	29.7	42.9
Total assets	986.1		943.2
EMEA [Member]
Segment Reporting Information [Line Items]
Revenue	137.4	113.1
Operating income	(1.7)	(8.6)
Total assets	295.1		300.3
Other category [Member]
Segment Reporting Information [Line Items]
Revenue	80.8	87
Operating income	1.6	9.5
Total assets	207.1		209.1
Corporate [Member]
Segment Reporting Information [Line Items]
Operating income	(6.3)	$ (8.7)
Total assets	$ 266.9		$ 406.6

Subsequent Events (Details)

Subsequent Events (Details) - Smith System Q2 FY19 [Member] $ in Millions	3 Months Ended
	May 25, 2018USD ($)
Subsequent Event [Line Items]
Business Combination, Consideration Transferred	$ 140
Business Combination, Contingent Consideration, Liability	$ 5