Steelcase (SCS) 10-Q 23 Sep 22 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Aug. 26, 2022	Sep. 20, 2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 26, 2022
Document Transition Report	false
Entity File Number	1-13873
Entity Registrant Name	STEELCASE INC
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	38-0819050
Entity Address, Address Line One	901 44th Street SE
Entity Address, City or Town	Grand Rapids,
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	49508
City Area Code	616
Local Phone Number	247-2710
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SCS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Central Index Key	0001050825
Current Fiscal Year End Date	--02-24
Common Class A [Member]
Entity Common Stock, Shares Outstanding		92,308,638
Common Class B [Member]
Entity Common Stock, Shares Outstanding		20,475,134

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021
Revenue	$ 863.3	$ 724.8	$ 1,604	$ 1,281.4
Cost of sales	612.5	518	1,160.7	919.9
Gross profit	250.8	206.8	442.4	361.5
Operating expenses	221.4	172.9	422.3	359.4
Operating income	28.9	33.9	16.3	2.1
Interest expense	(7.2)	(6.4)	(13.6)	(12.8)
Investment income	0.3	0.1	0.4	0.3
Other income, net	4.4	1.8	7.5	1
Income (loss) before income tax expense (benefit)	26.4	29.4	10.6	(9.4)
Income tax expense (benefit)	6.8	4.7	2.4	(6)
Net income (loss)	$ 19.6	$ 24.7	$ 8.2	$ (3.4)
Earnings per share
Basic	$ 0.17	$ 0.21	$ 0.07	$ (0.03)
Diluted	0.17	0.21	0.07	(0.03)
Dividends declared and paid per common share	$ 0.145	$ 0.145	$ 0.290	$ 0.245
Cost of Sales
Restructuring costs	$ 0	$ 0	$ 0.9	$ 0
Operating Expense
Restructuring costs	$ 0.5	$ 0	$ 3.8	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021
Net income (loss)	$ 19.6	$ 24.7	$ 8.2	$ (3.4)
Unrealized gain on investment	0.3	0	0	0.2
Pension and other post-retirement liability adjustments	0	0.4	0.2	0.3
Derivative amortization	0.2	0.2	0.5	0.4
Foreign currency translation adjustments	(21.3)	(12.7)	(39.9)	(11.8)
Total other comprehensive income (loss), net	(20.8)	(12.1)	(39.2)	(10.9)
Comprehensive income (loss)	$ (1.2)	$ 12.6	$ (31)	$ (14.3)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 26, 2022	Feb. 25, 2022
Assets, Current [Abstract]
Cash and cash equivalents	$ 52.2	$ 200.9
Accounts receivable, net of allowance of $8.6 and $8.0	413.3	340.4
Inventories	396.7	326.2
Prepaid expenses	31.2	24
Income taxes receivable	19.5	41.7
Other current assets	40	26
Total current assets	952.9	959.2
Property, plant and equipment, net of accumulated depreciation of $1,085.8 and $1,089.0	404.5	392.8
Company-owned life insurance ("COLI")	161.7	168
Deferred income taxes	114.6	121.2
Goodwill	277	242.8
Other intangible assets, net of accumulated amortization of $93.4 and $86.4	123	85.5
Investments in unconsolidated affiliates	45.8	53.1
Right-of-use operating lease assets	193.6	209.8
Other assets	29.5	28.6
Total assets	2,302.6	2,261
Liabilities, Current [Abstract]
Accounts payable	274.2	243.6
Short-term borrowings and current portion of long-term debt	118.1	5.1
Current operating lease obligations	40.7	44.2
Accrued expenses:
Employee compensation	78.9	75.6
Employee benefit plan obligations	22	25.4
Accrued promotions	27.4	32.9
Customer deposits	65.3	53.4
Other	98.5	87
Total current liabilities	725.1	567.2
Long-term liabilities:
Long-term debt less current maturities	445.4	477.4
Employee benefit plan obligations	111.4	126.7
Long-term operating lease obligations	168.7	182.2
Other long-term liabilities	52.6	55.3
Total long-term liabilities	778.1	841.6
Total liabilities	1,503.2	1,408.8
Shareholders' equity:
Additional paid-in capital	13.7	1.5
Accumulated Other Comprehensive Income (Loss), Net of Tax	(89.8)	(50.6)
Retained earnings	875.5	901.3
Total shareholders’ equity	799.4	852.2
Total liabilities and shareholders’ equity	$ 2,302.6	$ 2,261

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Aug. 26, 2022	Feb. 25, 2022
Statement of Financial Position [Abstract]
Accounts Receivable, after Allowance for Credit Loss, Current	$ 8.6	$ 8
Property, plant and equipment, accumulated depreciation	1,085.8	1,089
Other intangible assets, accumulated amortization	$ 93.4	$ 86.4

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Shareholders' Equity Statement - USD ($) $ in Millions		Total	Additional Paid-in Capital
Common shares outstanding, beginning of period at Feb. 26, 2021		114,908,676
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances		27,297
Common stock repurchases		(2,227,000)
Performance and restricted stock units issued as common stock		1,112,385
Common shares outstanding, end of period at Aug. 27, 2021		113,821,358
Additional paid-in capital, beginning of period at Feb. 26, 2021			$ 12.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances			0.4
Common stock repurchases			(27.7)
Performance and restricted stock units expense			14.8
Additional paid-in capital, end of period at Aug. 27, 2021	[1]		0
Accumulated other comprehensive income (loss), beginning of period at Feb. 26, 2021		$ (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net other comprehensive income (loss) during the period		(10.9)
Accumulated other comprehensive income (loss), end of period at Aug. 27, 2021		(50.9)
Retained earnings, beginning of period at Feb. 26, 2021		988
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(3.4)
Dividends paid		(29.2)
Stock Repurchased Retained Earnings, Value [Line Items]		(3.2)
Retained earnings, end of period at Aug. 27, 2021		$ 952.2
Common shares outstanding, beginning of period at May. 28, 2021		115,664,399
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances		14,204
Common stock repurchases		(1,873,804)
Performance and restricted stock units issued as common stock		16,559
Common shares outstanding, end of period at Aug. 27, 2021		113,821,358
Additional paid-in capital, beginning of period at May. 28, 2021	[1]		21.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances	[1]		0.2
Common stock repurchases	[1]		(23.4)
Performance and restricted stock units expense	[1]		1.9
Additional paid-in capital, end of period at Aug. 27, 2021	[1]		0
Accumulated other comprehensive income (loss), beginning of period at May. 28, 2021		$ (38.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net other comprehensive income (loss) during the period		(12.1)
Accumulated other comprehensive income (loss), end of period at Aug. 27, 2021		(50.9)
Retained earnings, beginning of period at May. 28, 2021		947.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		24.7
Dividends paid		(17.1)
Stock Repurchased Retained Earnings, Value [Line Items]		(3.2)
Retained earnings, end of period at Aug. 27, 2021		952.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		901.3
Stockholders' Equity Attributable to Parent		$ 852.2
Common shares outstanding, beginning of period at Feb. 25, 2022		112,109,294
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances		42,381
Common stock repurchases		(279,301)
Performance and restricted stock units issued as common stock		889,628
Common shares outstanding, end of period at Aug. 26, 2022		112,762,002
Additional paid-in capital, beginning of period at Feb. 25, 2022		$ 1.5	1.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances			0.5
Common stock repurchases			(3.4)
Performance and restricted stock units expense			15.1
Additional paid-in capital, end of period at Aug. 26, 2022		13.7	13.7	[1]
Accumulated other comprehensive income (loss), beginning of period at Feb. 25, 2022		(50.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net other comprehensive income (loss) during the period		(39.2)
Accumulated other comprehensive income (loss), end of period at Aug. 26, 2022		(89.8)
Retained earnings, beginning of period at Feb. 25, 2022		901.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		8.2
Dividends paid		(34)
Stock Repurchased Retained Earnings, Value [Line Items]		0
Retained earnings, end of period at Aug. 26, 2022		$ 875.5
Common shares outstanding, beginning of period at May. 27, 2022		112,740,491
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances		21,209
Common stock repurchases		(198)
Performance and restricted stock units issued as common stock		500
Common shares outstanding, end of period at Aug. 26, 2022		112,762,002
Additional paid-in capital, beginning of period at May. 27, 2022	[1]		10.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances	[1]		0.3
Common stock repurchases	[1]		0
Performance and restricted stock units expense	[1]		3.1
Additional paid-in capital, end of period at Aug. 26, 2022		$ 13.7	$ 13.7	[1]
Accumulated other comprehensive income (loss), beginning of period at May. 27, 2022		(69)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net other comprehensive income (loss) during the period		(20.8)
Accumulated other comprehensive income (loss), end of period at Aug. 26, 2022		(89.8)
Retained earnings, beginning of period at May. 27, 2022		872.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		19.6
Dividends paid		(16.9)
Stock Repurchased Retained Earnings, Value [Line Items]		0
Retained earnings, end of period at Aug. 26, 2022		875.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		$ 799.4
[1]Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions		6 Months Ended
		Aug. 26, 2022	Aug. 27, 2021
OPERATING ACTIVITIES
Net income (loss)		$ 8.2	$ (3.4)
Depreciation and amortization		43.7	41.2
Share-based compensation		15.6	15.2
Restructuring costs		4.7	0
Other		(2.4)	(20.6)
Changes in operating assets and liabilities net of acquisitions:
Accounts receivable		(83.6)	(58)
Inventories		(67.4)	(42)
Income taxes receivable		22.2	(2.2)
Other assets		(21.2)	(18.1)
Accounts payable		33.5	54.7
Employee compensation liabilities		1.3	(30.7)
Employee benefit obligations		(18.6)	(14.9)
Customer deposits received, net of revenue recognized during the period		(10.8)	14
Accrued expenses and other liabilities		0.4	3.2
Net cash provided by operating activities		(74.4)	(61.6)
INVESTING ACTIVITIES
Capital expenditures		(28.9)	(31.8)
Proceeds from Sale of Property, Plant, and Equipment		5.6	16.8
Payments to Acquire Businesses, Net of Cash Acquired		(105.4)	0
Other		13.4	8.5
Net cash used in investing activities		(115.3)	(6.5)
FINANCING ACTIVITIES
Dividends paid		(34)	(29.2)
Common stock repurchases		(3.4)	(30.9)
Proceeds from Lines of Credit		266.8	0
Repayments of Lines of Credit		(187)	0
Other		0.9	0.2
Net cash provided by (used in) financing activities		43.3	(59.9)
Effect of exchange rate changes on cash and cash equivalents		(2)	(0.6)
Net decrease in cash, cash equivalents and restricted cash		(148.4)	(128.6)
Cash and cash equivalents and restricted cash, beginning of period (1)	[1]	207	495.6
Cash and cash equivalents and restricted cash, end of period (2)	[2]	58.6	367
Restricted cash		$ 6.4	$ 6.3
[1]These amounts include restricted cash of $6.1 and $5.8 as of February 25, 2022 and February 26, 2021, respectively.[2]These amounts include restricted cash of $6.4 and $6.3 as of August 26, 2022 and August 27, 2021, respectively.

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Aug. 26, 2022
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 25, 2022 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 25, 2022 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.

Accounting Policies

Accounting Policies	6 Months Ended
	Aug. 26, 2022
Accounting Policies [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDSWe evaluate all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board for consideration of their applicability to our consolidated financial statements. We have assessed all ASUs issued but not yet adopted and concluded that those not disclosed are either not applicable to us or are not expected to have a material effect on our consolidated financial statements.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Aug. 26, 2022
Revenue [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE 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 Six Months Ended August 26, August 27, August 26, August 27, Americas Desking, benching, systems and storage $ 303.4 $ 244.3 $ 563.7 $ 429.4 Seating 203.3 165.5 359.5 283.7 Other (1) 144.9 113.5 249.2 186.5 EMEA Desking, benching, systems and storage 49.4 41.7 105.1 96.5 Seating 45.7 55.7 99.0 89.6 Other (1) 42.7 41.5 90.1 76.4 Other Desking, benching, systems and storage 14.1 14.5 25.8 25.3 Seating 22.3 16.2 39.7 30.7 Other (1) 37.5 31.9 71.9 63.3 $ 863.3 $ 724.8 $ 1,604.0 $ 1,281.4 _______________________________________ (1) The other product category data by segment consists primarily of products sold by consolidated dealers, textiles and surface materials, worktools, architecture and other uncategorized product lines and services, less promotions and incentives on all product categories. Reportable geographic information is as follows: Reportable Geographic Revenue Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, United States $ 634.6 $ 493.5 $ 1,136.3 $ 852.8 Foreign locations 228.7 231.3 467.7 428.6 $ 863.3 $ 724.8 $ 1,604.0 $ 1,281.4 Contract Balances At times, we receive payments from customers before revenue is recognized, resulting in the recognition of a contract liability ( Customer deposits ) presented on the Condensed Consolidated Balance Sheets. Changes in the Customer deposits balance during the six months ended August 26, 2022 are as follows: Customer Deposits Balance as of February 25, 2022 $ 53.4 Recognition of revenue related to beginning of year customer deposits (45.8) Customer deposits received, net of revenue recognized during the period 33.4 Customer deposits acquired (1) 24.3 Balance as of August 26, 2022 $ 65.3 _______________________________________

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Aug. 26, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS (LOSS) PER SHARE Earnings (loss) per share is computed using the two-class method. The two-class method determines earnings (loss) 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 (loss) per share includes the effects of certain performance units in which the participants have forfeitable rights to dividend equivalents during the performance period. Computation of Earnings (Loss) Per Share Three Months Ended August 26, 2022 Three Months Ended August 27, 2021 Net Income (Loss) Basic Shares Diluted Shares Net Income (Loss) Basic Shares Diluted Shares Amounts used in calculating earnings (loss) per share $ 19.6 117.2 117.7 $ 24.7 118.0 118.6 Impact of participating securities (0.7) (4.4) (4.4) (0.6) (3.1) (3.1) Amounts used in calculating earnings (loss) per share, excluding participating securities $ 18.9 112.8 113.3 $ 24.1 114.9 115.5 Earnings (loss) per share $ 0.17 $ 0.17 $ 0.21 $ 0.21 There were no anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the three months ended August 26, 2022 and August 27, 2021. Computation of Earnings (Loss) Per Share Six Months Ended August 26, 2022 Six Months Ended August 27, 2021 Net Income (Loss) Basic Shares Diluted Shares Net Income (Loss) Basic Shares Diluted Shares Amounts used in calculating earnings (loss) per share $ 8.2 117.0 117.5 $ (3.4) 118.1 118.1 Impact of participating securities (0.3) (4.2) (4.2) 0.1 (2.9) (2.9) Amounts used in calculating earnings (loss) per share, excluding participating securities $ 7.9 112.8 113.3 $ (3.3) 115.2 115.2 Earnings (loss) per share $ 0.07 $ 0.07 $ (0.03) $ (0.03) There were no anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the six months ended August 26, 2022. There were 0.5 million anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the six months ended August 27, 2021.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Aug. 26, 2022
Equity [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 August 26, 2022: Unrealized gain on investment Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of May 27, 2022 $ — $ 5.4 $ (6.4) $ (68.0) $ (69.0) Other comprehensive income (loss) before reclassifications 0.3 0.3 — (21.3) (20.7) Amounts reclassified from accumulated other comprehensive income (loss) — (0.3) 0.2 — (0.1) Net other comprehensive income (loss) during the period 0.3 — 0.2 (21.3) (20.8) Balance as of August 26, 2022 $ 0.3 $ 5.4 $ (6.2) $ (89.3) $ (89.8) The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the six months ended August 26, 2022: Unrealized gain on investment Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of February 25, 2022 $ 0.3 $ 5.2 $ (6.7) $ (49.4) $ (50.6) Other comprehensive income (loss) before reclassifications — 0.8 — (39.9) (39.1) Amounts reclassified from accumulated other comprehensive income (loss) — (0.6) 0.5 — (0.1) Net other comprehensive income (loss) during the period — 0.2 0.5 (39.9) (39.2) Balance as of August 26, 2022 $ 0.3 $ 5.4 $ (6.2) $ (89.3) $ (89.8) The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended August 26, 2022 and August 27, 2021: Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Operations Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, Amortization of pension and other post-retirement actuarial losses (gains) $ (0.4) $ — $ (0.8) $ (0.1) Other income, net Income tax expense 0.1 — 0.2 — Income tax expense (benefit) (0.3) — (0.6) (0.1) Derivative amortization 0.3 0.3 0.7 0.6 Interest expense Income tax benefit (0.1) (0.1) (0.2) (0.2) Income tax expense (benefit) 0.2 0.2 0.5 0.4 Total reclassifications $ (0.1) $ 0.2 $ (0.1) $ 0.3

Fair Value

Fair Value	6 Months Ended
	Aug. 26, 2022
Fair Value Disclosures [Abstract]
Fair Value	FAIR VALUE The carrying amounts for many of our financial instruments, including cash and cash equivalents, accounts and notes receivable, accounts payable, short-term borrowings and certain other liabilities, approximate their fair value due to their relatively short maturities. Our 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 $563.5 and $482.5 as of August 26, 2022 and February 25, 2022, 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 $538.3 and $516.7 as of August 26, 2022 and February 25, 2022, 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 as of August 26, 2022 and February 25, 2022 are summarized below: August 26, 2022 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 52.2 $ — $ — $ 52.2 Restricted cash 6.4 — — 6.4 Foreign exchange forward contracts — 1.8 — 1.8 Auction rate security — — 2.6 2.6 $ 58.6 $ 1.8 $ 2.6 $ 63.0 Liabilities: Foreign exchange forward contracts $ — $ (0.7) $ — $ (0.7) $ — $ (0.7) $ — $ (0.7) February 25, 2022 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 200.9 $ — $ — $ 200.9 Restricted cash 6.1 — — 6.1 Foreign exchange forward contracts — 1.0 — 1.0 Auction rate security — — 2.6 2.6 $ 207.0 $ 1.0 $ 2.6 $ 210.6 Liabilities: Foreign exchange forward contracts $ — $ (0.3) $ — $ (0.3) $ — $ (0.3) $ — $ (0.3) Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the six months ended August 26, 2022: Roll-Forward of Fair Value Using Level 3 Inputs Auction Rate Security Balance as of February 25, 2022 $ 2.6 Unrealized gain on investment — Balance as of August 26, 2022 $ 2.6

Inventories

Inventories	6 Months Ended
	Aug. 26, 2022
Inventories [Abstract]
Inventories	INVENTORIES Inventories August 26, February 25, Raw materials and work-in-process $ 276.4 $ 208.2 Finished goods 153.7 146.9 430.1 355.1 Revaluation to LIFO 33.4 28.9 $ 396.7 $ 326.2 The portion of inventories determined by the LIFO method was $162.5 and $141.4 as of August 26, 2022 and February 25, 2022, respectively.

Debt

Debt	6 Months Ended
	Aug. 26, 2022
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	We have a $250.0 global committed bank facility, which expires in 2025. At our option, and subject to certain conditions, we may increase the aggregate commitment under the facility by up to $125.0 by obtaining at least one commitment from one or more lenders. As of August 26, 2022, total availability under the facility was limited to $203.2 as a result of covenant constraints. In Q2 2023, we borrowed $68.0 under the facility to fund a portion of our acquisition of Halcon, and we also borrowed under the facility to support our global operating requirements. As of August 26, 2022, our total borrowings outstanding under the facility were $79.8, which had an effective interest rate of 3.75%. The facility does not include any restrictions on cash dividend payments or share repurchases. As of August 26, 2022, we were in compliance with all covenants under the facility.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Aug. 26, 2022
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	. SHARE-BASED COMPENSATION Performance Units We have issued performance units (“PSUs”) to certain employees which are earned over a three-year performance period based on performance conditions established annually by the Compensation Committee within the first three months of the applicable fiscal year. The PSUs are then modified based on achievement of certain total shareholder return results relative to a comparison group of companies, which is a market condition. When the performance conditions for a fiscal year are established, or if the performance conditions involve a qualitative assessment and such assessment has been made, one-third of the PSUs issued are considered granted. Therefore, each of the three fiscal years within the performance period is considered an individual tranche of the award (referred to as "Tranche 1," "Tranche 2" and "Tranche 3," respectively). As of August 26, 2022, the following PSUs have been issued and remained outstanding: • 428,700 PSUs to be earned over the period of 2023 through 2025 (the "2023 PSUs"), • 448,300 PSUs to be earned over the period of 2022 through 2024 (the "2022 PSUs") and • 529,500 PSUs to be earned over the period of 2021 through 2023 (the "2021 PSUs"). Once granted, the PSUs are expensed and recorded in Additional paid-in capital on the Condensed Consolidated Balance Sheets over the remaining performance period. For participants who are or become retirement-eligible during the performance period, the PSUs are expensed over the period ending on the date the participant becomes retirement-eligible. As of August 26, 2022, the 2023 PSUs, 2022 PSUs and 2021 PSUs were considered granted as follows: • In Q1 2023, the performance conditions were established for Tranche 1 of the 2023 PSUs, Tranche 2 of the 2022 PSUs and Tranche 3 of the 2021 PSUs, and accordingly, such tranches were considered granted in Q1 2023. • In Q1 2022, the performance conditions were established for Tranche 1 of the 2022 PSUs and Tranche 2 of the 2021 PSUs, and accordingly, such tranches were considered granted in Q1 2022. • In Q1 2021, the performance conditions were established for Tranche 1 of the 2021 PSUs. These performance conditions involved a qualitative assessment which was made by the Compensation Committee in Q4 2021. Accordingly, such tranche was considered granted in Q4 2021. We used the Monte Carlo simulation model to calculate the fair value of the market conditions on the respective grant dates, which resulted in a total fair value of $5.2, $4.8 and $2.3 for the PSUs with market conditions granted in 2023, 2022 and 2021, respectively, that remain outstanding as of August 26, 2022. The Monte Carlo simulation was computed using the following assumptions: FY23 Award FY22 Award FY21 Award Tranche 1 Tranche 2 Tranche 1 Tranche 3 Tranche 2 Tranche 1 Risk-free interest rate (1) 2.6 % 2.3 % 0.3 % 1.6 % 0.2 % 0.2 % Expected term 3 years 2 years 3 years 1 year 2 years 2 years Estimated volatility (2) 52.2 % 43.8 % 53.5 % 28.7 % 61.3 % 58.1 % _______________________________________ (1) Based on the U.S. Government bond benchmark on the grant date. (2) Represents the historical price volatility of our Class A Common Stock for the three-year period preceding the grant date. The total PSU expense (credit) and associated tax benefit recorded during the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended Performance Units August 26, August 27, August 26, August 27, Expense (credit) $ (0.2) $ 0.4 $ 3.9 $ 5.6 Tax benefit — 0.1 1.0 1.4 The PSU activity for the six months ended August 26, 2022 is as follows: Maximum Number of Shares of Nonvested Units Total Weighted-Average Nonvested as of February 25, 2022 1,205,833 $ 14.21 Granted 1,125,192 11.13 Nonvested as of August 26, 2022 2,331,025 $ 12.72 As of August 26, 2022, there was $1.2 of remaining unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.0 years. Restricted Stock Units During the six months ended August 26, 2022, we awarded 1,068,507 restricted stock units ("RSUs") to certain employees. RSUs have restrictions on transfer which lapse one to three years after the date of grant, at which time the RSUs 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 shares on the grant date. Generally, RSUs awarded are not forfeitable upon a qualifying retirement. For participants of those awards who are or become retirement-eligible during the service period, the RSUs are expensed over the period ending on the date that the participant becomes retirement-eligible. The total RSU expense and associated tax benefit for the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended Restricted Stock Units August 26, August 27, August 26, August 27, Expense $ 3.3 $ 1.5 $ 11.2 $ 9.2 Tax benefit 0.8 0.4 2.8 2.3 The RSU activity for the six months ended August 26, 2022 is as follows: Nonvested Units Total Weighted-Average Nonvested as of February 25, 2022 3,445,438 $ 11.86 Granted 1,068,507 11.21 Vested (11,000) 14.44 Forfeited (26,444) 13.13 Nonvested as of August 26, 2022 4,476,501 $ 11.69 As of August 26, 2022, there was $19.2 of remaining unrecognized compensation expense related to nonvested RSUs, which is expected to be recognized over a remaining weighted-average period of 1.7 years.

Leases, Codification Topic 842

Leases, Codification Topic 842	6 Months Ended
	Aug. 26, 2022
Leases [Abstract]
Lessee, Operating Leases	LEASES We have operating leases for corporate offices, sales offices, showrooms, manufacturing and distribution facilities, vehicles and equipment that expire at various dates through 2036. Certain lease agreements include contingent rental payments based on per unit usage over contractual levels (e.g., miles driven or machine hours operated) and others include rental payments adjusted periodically for inflationary indexes. Additionally, some leases include options to renew or terminate the leases which can be exercised at our discretion. The components of lease expense for the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, Operating lease cost $ 13.5 $ 13.2 $ 25.6 $ 26.3 Sublease rental income (0.5) (0.5) (1.1) (0.9) $ 13.0 $ 12.7 $ 24.5 $ 25.4 Supplemental cash flow and other information related to leases for the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, Cash flow information: Operating cash flows used for operating leases $ 13.6 $ 13.4 $ 27.1 $ 26.8 Leased assets obtained in exchange for new operating lease obligations $ 10.3 $ 15.7 $ 13.5 $ 17.3 As of August 26, 2022 and August 27, 2021, the weighted-average remaining lease terms were 5.6 years and 6.2 years, respectively, and the weighted-average discount rates were 3.7% and 3.7%, respectively. The following table summarizes the future minimum lease payments as of August 26, 2022: Fiscal year ending in February Amount (1) 2023 $ 23.3 2024 49.0 2025 44.7 2026 34.9 2027 28.1 Thereafter 53.0 Total lease payments $ 233.0 Less: Interest 23.6 Present value of lease liabilities $ 209.4 _______________________________________ (1) Lease payments include

Business Combinations

Business Combinations	6 Months Ended
	Aug. 26, 2022
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Viccarbe In Q3 2022, we acquired Viccarbe Habitat, S.L. ("Viccarbe"), a Spanish designer of contemporary furniture for high-performance collaborative and social spaces. The transaction included the purchase of all the outstanding capital stock of Viccarbe for $34.9 (or €30.0) in an all-cash transaction using cash on-hand. Up to an additional $15.1 (or €13.0) is payable to the sellers based upon the achievement of certain revenue and operating income targets over a three-year period. This amount was determined to be contingent consideration and was treated for accounting purposes as part of the total purchase price of the acquisition. We used the Monte Carlo simulation model to calculate the fair value of the contingent consideration as of the acquisition date, which represents a Level 3 measurement. As a result, we recorded a related liability of $4.9 (or €4.2). An additional amount of $7.0 (or €6.0) is also payable to the sellers based upon the achievement of certain milestones and continued employment over a five-year period, which is being expensed over the service period on a straight-line basis. Tangible assets and liabilities of Viccarbe 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. On the acquisition date, we recorded $11.7 related to identifiable intangible assets, $25.8 related to goodwill and $5.1 related to tangible assets. The tangible assets mainly consisted of working capital (primarily accounts receivable, inventory and accounts payable) and property, plant and equipment. Additionally, we recorded a deferred tax liability in the amount of $2.9 associated with the tax basis difference in acquired book assets. The goodwill was recorded in the EMEA segment and is not deductible for income tax purposes in Spain. The goodwill resulting from the acquisition is primarily related to the growth potential of Viccarbe and our intentions to expand the manufacturing of Viccarbe products in geographic regions outside of EMEA and to offer Viccarbe products through our global distribution network. Intangible assets are principally related to the Viccarbe trade name, dealer relationships and internally developed know-how and designs, which are being amortized over periods ranging from 9 to 13 years from the date of acquisition. The purchase price allocation for the acquisition was incomplete as of August 26, 2022, as we are evaluating certain deferred tax balances which will be finalized in Q3 2023. The following table summarizes the purchased identified intangible assets and the respective fair value and useful life of each asset at the date of acquisition: Other Intangible Assets Useful Life Fair Value Trademark 9.0 $ 4.6 Dealer relationships 13.0 3.8 Know-how and designs 9.0 3.3 $ 11.7 The fair values of the purchased intangible assets are being amortized on a straight-line basis over their useful lives. The following table summarizes the estimated future amortization expense for the next five years as of August 26, 2022: Fiscal Year Ending in February Amount 2023 $ 0.5 2024 1.0 2025 1.1 2026 1.0 2027 1.0 $ 4.6 Halcon In Q2 2023, we acquired Halcon, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. The transaction included the purchase of all the outstanding membership interests of Halcon for $127.5 less customer deposits of $24.3, plus an adjustment of $1.9 for working capital. The acquisition was funded using a combination of cash on-hand and borrowings under our global committed bank facility. Up to an additional $7.5 is payable to the sellers based upon the achievement of certain revenue and gross margin targets over a six-month period. This amount was determined to be contingent consideration and was treated for accounting purposes as part of the total purchase price of the acquisition. We used the Monte Carlo simulation model to calculate the fair value of the contingent consideration as of the acquisition date, which represents a Level 3 measurement. Based upon the results of the calculation, we did not record a liability for the contingent consideration. An additional amount of $2.0 is also payable to a seller based upon continued employment over a three-year period, which is being expensed over the service period on a straight-line basis. Tangible assets and liabilities of Halcon 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. On the acquisition date, we recorded $51.8 related to identifiable intangible assets, $36.9 related to goodwill and $16.4 related to tangible assets. The tangible assets mainly consisted of property, plant, and equipment of $30.8, working capital (primarily inventory of $12.3) and customer deposits of $24.3. The goodwill was recorded in the Americas segment and is deductible for U.S. income tax purposes. The goodwill resulting from the acquisition is primarily related to the growth potential of Halcon expected to be driven by new product development, geographic expansion and the integration of Halcon products into our dealer network. Intangible assets are principally related to dealer relationships, the Halcon trade name and internally developed know-how and designs, which are being amortized over periods ranging from 9 to 10 years from the date of acquisition. We also acquired a backlog of orders which are expected to ship throughout the remainder of 2023. The purchase price allocation for the acquisition was incomplete as of August 26, 2022, as we are evaluating certain deferred tax balances and working capital adjustments. The amounts recognized related to the purchase price allocation will be finalized no later than one year after the acquisition date. The following table summarizes the purchased identified intangible assets and the respective fair value and useful life of each asset at the date of acquisition: Other Intangible Assets Useful Life Fair Value Dealer relationships 10.0 $ 21.5 Trademark 9.0 14.0 Know-how and designs 9.0 12.0 Backlog 0.7 4.3 $ 51.8 The fair values of the purchased intangible assets is being amortized on a straight-line basis over their useful lives. The following table summarizes the estimated future amortization expense for the next five years as of August 26, 2022: Fiscal Year Ending in February Amount 2023 $ 5.2 2024 5.0 2025 5.1 2026 5.0 2027 5.0 $ 25.3

Reportable Segments

Reportable Segments	6 Months Ended
	Aug. 26, 2022
Reportable Segments [Abstract]
Reportable Segments	REPORTABLE SEGMENTS Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate expenses are reported as Corporate. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture and architectural products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse, AMQ, Smith System, Orangebox, Viccarbe and Halcon brands. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase, Coalesse, Orangebox and Viccarbe brands, with a comprehensive portfolio of furniture and architectural products. The Other category includes Asia Pacific and Designtex. Asia Pacific serves customers in Australia, China, India, Japan, Korea and other countries in Southeast Asia primarily under the Steelcase brand with a comprehensive portfolio of furniture and architectural products. Designtex 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. We primarily review and evaluate revenue and operating income by segment in both our internal review processes and for our external financial reporting. We also allocate resources primarily based on revenue and operating income. Total assets by segment include manufacturing and other assets associated with each segment. Corporate expenses 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 cash equivalents, COLI, fixed assets, investments in unconsolidated affiliates and right-of-use assets related to operating leases. Revenue and operating income (loss) for the three and six months ended August 26, 2022 and August 27, 2021 and total assets as of August 26, 2022 and February 25, 2022 by segment are presented in the following tables: Three Months Ended Six Months Ended Reportable Segment Statement of Operations Data August 26, August 27, August 26, August 27, Revenue Americas $ 651.6 $ 523.3 $ 1,172.4 $ 899.6 EMEA 137.8 138.9 294.2 262.5 Other 73.9 62.6 137.4 119.3 $ 863.3 $ 724.8 $ 1,604.0 $ 1,281.4 Operating income (loss) Americas $ 43.5 $ 44.7 $ 42.3 $ 29.7 EMEA (6.8) (1.6) (5.5) (7.3) Other (1.3) (4.2) (4.2) (9.5) Corporate (6.5) (5.0) (16.3) (10.8) $ 28.9 $ 33.9 $ 16.3 $ 2.1 Reportable Segment Balance Sheet Data August 26, February 25, Total assets Americas $ 1,358.1 $ 1,110.4 EMEA 420.0 475.2 Other 227.0 227.6 Corporate 297.5 447.8 $ 2,302.6 $ 2,261.0

Restructuring and Related Activ

Restructuring and Related Activities	6 Months Ended
	Aug. 26, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	13. RESTRUCTURING ACTIVITIES In Q4 2022, our Board of Directors approved restructuring actions related to the exit of our technology business in connection with our strategy to shift from offering a portfolio of technology products toward partnering with technology companies to create integrated collaborative solutions. The restructuring actions primarily included involuntary terminations of the majority of salaried employees of the business and the termination of supplier and customer contracts related to the business. We incurred $4.7 in restructuring costs in the Americas segment related to these actions, primarily consisting of cash severance payments and payment of other business exit costs. We recorded $1.8 related to employee termination costs and $2.4 related to business exit and other related costs during Q1 2023. In Q2 2023, we recorded a charge of $0.5 related to the impairment of a right-of-use operating lease asset which was utilized by our technology business. These restructuring actions are complete. The following table details the changes in the restructuring reserve balance as of August 26, 2022: Workforce Reductions Business Exit and Related Costs Total Balance as of February 25, 2022 $ — $ — $ — Restructuring costs 1.8 2.4 4.2 Payments (1.8) (2.4) (4.2) Balance as of August 26, 2022 $ — $ — $ —

Subsequent Events

Subsequent Events	6 Months Ended
	Aug. 26, 2022
Subsequent Events [Abstract]
Subsequent Events	On September 21, 2022, our Board of Directors authorized a series of actions to reduce operational spending across certain functions. The actions may include the elimination of up to 180 salaried positions in the Americas segment and Corporate functions. As a result of these actions, we currently expect to incur approximately $8 in restructuring costs, consisting of cash severance payments and other separation-related benefits. We expect these actions to be completed in Q3 2023.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Aug. 26, 2022
Revenue [Abstract]
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 Six Months Ended August 26, August 27, August 26, August 27, Americas Desking, benching, systems and storage $ 303.4 $ 244.3 $ 563.7 $ 429.4 Seating 203.3 165.5 359.5 283.7 Other (1) 144.9 113.5 249.2 186.5 EMEA Desking, benching, systems and storage 49.4 41.7 105.1 96.5 Seating 45.7 55.7 99.0 89.6 Other (1) 42.7 41.5 90.1 76.4 Other Desking, benching, systems and storage 14.1 14.5 25.8 25.3 Seating 22.3 16.2 39.7 30.7 Other (1) 37.5 31.9 71.9 63.3 $ 863.3 $ 724.8 $ 1,604.0 $ 1,281.4 _______________________________________ (1) The other product category data by segment consists primarily of products sold by consolidated dealers, textiles and surface materials, worktools, architecture and other uncategorized product lines and services, less promotions and incentives on all product categories. Reportable geographic information is as follows: Reportable Geographic Revenue Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, United States $ 634.6 $ 493.5 $ 1,136.3 $ 852.8 Foreign locations 228.7 231.3 467.7 428.6 $ 863.3 $ 724.8 $ 1,604.0 $ 1,281.4
Contract with Customer, changes in customer deposits	Changes in the Customer deposits balance during the six months ended August 26, 2022 are as follows: Customer Deposits Balance as of February 25, 2022 $ 53.4 Recognition of revenue related to beginning of year customer deposits (45.8) Customer deposits received, net of revenue recognized during the period 33.4 Customer deposits acquired (1) 24.3 Balance as of August 26, 2022 $ 65.3

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended	6 Months Ended
	Aug. 26, 2022	Aug. 26, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	Computation of Earnings (Loss) Per Share Three Months Ended August 26, 2022 Three Months Ended August 27, 2021 Net Income (Loss) Basic Shares Diluted Shares Net Income (Loss) Basic Shares Diluted Shares Amounts used in calculating earnings (loss) per share $ 19.6 117.2 117.7 $ 24.7 118.0 118.6 Impact of participating securities (0.7) (4.4) (4.4) (0.6) (3.1) (3.1) Amounts used in calculating earnings (loss) per share, excluding participating securities $ 18.9 112.8 113.3 $ 24.1 114.9 115.5 Earnings (loss) per share $ 0.17 $ 0.17 $ 0.21 $ 0.21 There were no anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the three months ended August 26, 2022 and August 27, 2021.	Computation of Earnings (Loss) Per Share Six Months Ended August 26, 2022 Six Months Ended August 27, 2021 Net Income (Loss) Basic Shares Diluted Shares Net Income (Loss) Basic Shares Diluted Shares Amounts used in calculating earnings (loss) per share $ 8.2 117.0 117.5 $ (3.4) 118.1 118.1 Impact of participating securities (0.3) (4.2) (4.2) 0.1 (2.9) (2.9) Amounts used in calculating earnings (loss) per share, excluding participating securities $ 7.9 112.8 113.3 $ (3.3) 115.2 115.2 Earnings (loss) per share $ 0.07 $ 0.07 $ (0.03) $ (0.03)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended	6 Months Ended
	Aug. 26, 2022	Aug. 26, 2022
Equity [Abstract]
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 August 26, 2022: Unrealized gain on investment Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of May 27, 2022 $ — $ 5.4 $ (6.4) $ (68.0) $ (69.0) Other comprehensive income (loss) before reclassifications 0.3 0.3 — (21.3) (20.7) Amounts reclassified from accumulated other comprehensive income (loss) — (0.3) 0.2 — (0.1) Net other comprehensive income (loss) during the period 0.3 — 0.2 (21.3) (20.8) Balance as of August 26, 2022 $ 0.3 $ 5.4 $ (6.2) $ (89.3) $ (89.8)	The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the six months ended August 26, 2022: Unrealized gain on investment Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of February 25, 2022 $ 0.3 $ 5.2 $ (6.7) $ (49.4) $ (50.6) Other comprehensive income (loss) before reclassifications — 0.8 — (39.9) (39.1) Amounts reclassified from accumulated other comprehensive income (loss) — (0.6) 0.5 — (0.1) Net other comprehensive income (loss) during the period — 0.2 0.5 (39.9) (39.2) Balance as of August 26, 2022 $ 0.3 $ 5.4 $ (6.2) $ (89.3) $ (89.8)
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 and six months ended August 26, 2022 and August 27, 2021: Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Operations Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, Amortization of pension and other post-retirement actuarial losses (gains) $ (0.4) $ — $ (0.8) $ (0.1) Other income, net Income tax expense 0.1 — 0.2 — Income tax expense (benefit) (0.3) — (0.6) (0.1) Derivative amortization 0.3 0.3 0.7 0.6 Interest expense Income tax benefit (0.1) (0.1) (0.2) (0.2) Income tax expense (benefit) 0.2 0.2 0.5 0.4 Total reclassifications $ (0.1) $ 0.2 $ (0.1) $ 0.3

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Aug. 26, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value as of August 26, 2022 and February 25, 2022 are summarized below: August 26, 2022 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 52.2 $ — $ — $ 52.2 Restricted cash 6.4 — — 6.4 Foreign exchange forward contracts — 1.8 — 1.8 Auction rate security — — 2.6 2.6 $ 58.6 $ 1.8 $ 2.6 $ 63.0 Liabilities: Foreign exchange forward contracts $ — $ (0.7) $ — $ (0.7) $ — $ (0.7) $ — $ (0.7) February 25, 2022 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 200.9 $ — $ — $ 200.9 Restricted cash 6.1 — — 6.1 Foreign exchange forward contracts — 1.0 — 1.0 Auction rate security — — 2.6 2.6 $ 207.0 $ 1.0 $ 2.6 $ 210.6 Liabilities: Foreign exchange forward contracts $ — $ (0.3) $ — $ (0.3) $ — $ (0.3) $ — $ (0.3)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the six months ended August 26, 2022: Roll-Forward of Fair Value Using Level 3 Inputs Auction Rate Security Balance as of February 25, 2022 $ 2.6 Unrealized gain on investment — Balance as of August 26, 2022 $ 2.6

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 26, 2022
Inventories [Abstract]
Schedule of Inventory	Inventories August 26, February 25, Raw materials and work-in-process $ 276.4 $ 208.2 Finished goods 153.7 146.9 430.1 355.1 Revaluation to LIFO 33.4 28.9 $ 396.7 $ 326.2

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Aug. 26, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Share Based Payment Award Performance Units Valuation Assumptions	The Monte Carlo simulation was computed using the following assumptions: FY23 Award FY22 Award FY21 Award Tranche 1 Tranche 2 Tranche 1 Tranche 3 Tranche 2 Tranche 1 Risk-free interest rate (1) 2.6 % 2.3 % 0.3 % 1.6 % 0.2 % 0.2 % Expected term 3 years 2 years 3 years 1 year 2 years 2 years Estimated volatility (2) 52.2 % 43.8 % 53.5 % 28.7 % 61.3 % 58.1 % _______________________________________ (1) Based on the U.S. Government bond benchmark on the grant date.
Schedule of Compensation Costs by Plan for Share-based Payment Arrangements	The total PSU expense (credit) and associated tax benefit recorded during the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended Performance Units August 26, August 27, August 26, August 27, Expense (credit) $ (0.2) $ 0.4 $ 3.9 $ 5.6 Tax benefit — 0.1 1.0 1.4 The total RSU expense and associated tax benefit for the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended Restricted Stock Units August 26, August 27, August 26, August 27, Expense $ 3.3 $ 1.5 $ 11.2 $ 9.2 Tax benefit 0.8 0.4 2.8 2.3
Share-based Payment Arrangement, Performance Shares, Activity	The PSU activity for the six months ended August 26, 2022 is as follows: Maximum Number of Shares of Nonvested Units Total Weighted-Average Nonvested as of February 25, 2022 1,205,833 $ 14.21 Granted 1,125,192 11.13 Nonvested as of August 26, 2022 2,331,025 $ 12.72 As of August 26, 2022, there was $1.2 of remaining unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.0 years.
Schedule of Restricted Stock Unit Awards Activity	The RSU activity for the six months ended August 26, 2022 is as follows: Nonvested Units Total Weighted-Average Nonvested as of February 25, 2022 3,445,438 $ 11.86 Granted 1,068,507 11.21 Vested (11,000) 14.44 Forfeited (26,444) 13.13 Nonvested as of August 26, 2022 4,476,501 $ 11.69

Leases, Codification Topic 842

Leases, Codification Topic 842 (Tables)	6 Months Ended
	Aug. 26, 2022
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense for the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, Operating lease cost $ 13.5 $ 13.2 $ 25.6 $ 26.3 Sublease rental income (0.5) (0.5) (1.1) (0.9) $ 13.0 $ 12.7 $ 24.5 $ 25.4
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow and other information related to leases for the three and six months ended August 26, 2022 and August 27, 2021 are as follows: Three Months Ended Six Months Ended August 26, August 27, August 26, August 27, Cash flow information: Operating cash flows used for operating leases $ 13.6 $ 13.4 $ 27.1 $ 26.8 Leased assets obtained in exchange for new operating lease obligations $ 10.3 $ 15.7 $ 13.5 $ 17.3 As of August 26, 2022 and August 27, 2021, the weighted-average remaining lease terms were 5.6 years and 6.2 years, respectively, and the weighted-average discount rates were 3.7% and 3.7%, respectively.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes the future minimum lease payments as of August 26, 2022: Fiscal year ending in February Amount (1) 2023 $ 23.3 2024 49.0 2025 44.7 2026 34.9 2027 28.1 Thereafter 53.0 Total lease payments $ 233.0 Less: Interest 23.6 Present value of lease liabilities $ 209.4 _______________________________________ (1) Lease payments include

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Aug. 26, 2022
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Other Intangible Assets Useful Life Fair Value Trademark 9.0 $ 4.6 Dealer relationships 13.0 3.8 Know-how and designs 9.0 3.3 $ 11.7 Other Intangible Assets Useful Life Fair Value Dealer relationships 10.0 $ 21.5 Trademark 9.0 14.0 Know-how and designs 9.0 12.0 Backlog 0.7 4.3 $ 51.8
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The fair values of the purchased intangible assets are being amortized on a straight-line basis over their useful lives. The following table summarizes the estimated future amortization expense for the next five years as of August 26, 2022: Fiscal Year Ending in February Amount 2023 $ 0.5 2024 1.0 2025 1.1 2026 1.0 2027 1.0 $ 4.6 The fair values of the purchased intangible assets is being amortized on a straight-line basis over their useful lives. The following table summarizes the estimated future amortization expense for the next five years as of August 26, 2022: Fiscal Year Ending in February Amount 2023 $ 5.2 2024 5.0 2025 5.1 2026 5.0 2027 5.0 $ 25.3

Reportable Segments (Tables)

Reportable Segments (Tables)	6 Months Ended
	Aug. 26, 2022
Reportable Segments [Abstract]
Schedule of Segment Reporting Information	Revenue and operating income (loss) for the three and six months ended August 26, 2022 and August 27, 2021 and total assets as of August 26, 2022 and February 25, 2022 by segment are presented in the following tables: Three Months Ended Six Months Ended Reportable Segment Statement of Operations Data August 26, August 27, August 26, August 27, Revenue Americas $ 651.6 $ 523.3 $ 1,172.4 $ 899.6 EMEA 137.8 138.9 294.2 262.5 Other 73.9 62.6 137.4 119.3 $ 863.3 $ 724.8 $ 1,604.0 $ 1,281.4 Operating income (loss) Americas $ 43.5 $ 44.7 $ 42.3 $ 29.7 EMEA (6.8) (1.6) (5.5) (7.3) Other (1.3) (4.2) (4.2) (9.5) Corporate (6.5) (5.0) (16.3) (10.8) $ 28.9 $ 33.9 $ 16.3 $ 2.1 Reportable Segment Balance Sheet Data August 26, February 25, Total assets Americas $ 1,358.1 $ 1,110.4 EMEA 420.0 475.2 Other 227.0 227.6 Corporate 297.5 447.8 $ 2,302.6 $ 2,261.0

Restructuring and Related Act_2

Restructuring and Related Activities (Tables)	6 Months Ended
	Aug. 26, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table details the changes in the restructuring reserve balance as of August 26, 2022: Workforce Reductions Business Exit and Related Costs Total Balance as of February 25, 2022 $ — $ — $ — Restructuring costs 1.8 2.4 4.2 Payments (1.8) (2.4) (4.2) Balance as of August 26, 2022 $ — $ — $ —

Basis Of Presentation (Details)

Basis Of Presentation (Details)	6 Months Ended
	Aug. 26, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Description	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 25, 2022 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 25, 2022 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 (Detai

New Accounting Standards (Details)	6 Months Ended
	Aug. 26, 2022
Accounting Policies [Abstract]
New Accounting Pronouncement or Change in Accounting Principle, Description	We evaluate all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board for consideration of their applicability to our consolidated financial statements. We have assessed all ASUs issued but not yet adopted and concluded that those not disclosed are either not applicable to us or are not expected to have a material effect on our consolidated financial statements

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021
Disaggregation of Revenue [Line Items]
Revenue		$ 863.3	$ 724.8	$ 1,604	$ 1,281.4
Balance as of February 25, 2022				53.4
Customer deposits received, net of revenue recognized during the period				(10.8)	14
Balance as of August 26, 2022		65.3		65.3
Deposits [Member]
Disaggregation of Revenue [Line Items]
Recognition of revenue related to beginning of year customer deposits				(45.8)
Customer deposits received, net of revenue recognized during the period				33.4
Deposits [Member] | Halcon Furniture LLC Q2 FY23
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination	[1]			24.3
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue		634.6	493.5	1,136.3	852.8
Foreign locations [Member]
Disaggregation of Revenue [Line Items]
Revenue		228.7	231.3	467.7	428.6
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue		651.6	523.3	1,172.4	899.6
Americas [Member] | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		303.4	244.3	563.7	429.4
Americas [Member] | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		203.3	165.5	359.5	283.7
Americas [Member] | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[2]	144.9	113.5	249.2	186.5
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue		137.8	138.9	294.2	262.5
EMEA [Member] | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		49.4	41.7	105.1	96.5
EMEA [Member] | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		45.7	55.7	99	89.6
EMEA [Member] | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[2]	42.7	41.5	90.1	76.4
Other category [Member]
Disaggregation of Revenue [Line Items]
Revenue		73.9	62.6	137.4	119.3
Other category [Member] | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		14.1	14.5	25.8	25.3
Other category [Member] | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		22.3	16.2	39.7	30.7
Other category [Member] | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[2]	$ 37.5	$ 31.9	$ 71.9	$ 63.3
[1]Represents customer deposits acquired from Halcon Furniture LLC ("Halcon") as of the acquisition date. See Note 11 for additional information.[2]The other product category data by segment consists primarily of products sold by consolidated dealers, textiles and surface materials, worktools, architecture and other uncategorized product lines and services, less promotions and incentives on all product categories

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021
Computation of Basic and Diluted Earnings Per Share [Line Items]
Net income (loss)	$ 19.6	$ 24.7	$ 8.2	$ (3.4)
Impact of participating securities	$ (0.7)	$ (0.6)	$ (0.3)	$ 0.1
Adjustment for participating securities (in millions)	(4,400)	(3,100)	(4,200)	(2,900)
Net income used in calculating earnings per share	$ 18.9	$ 24.1	$ 7.9	$ (3.3)
Basic	$ 0.17	$ 0.21	$ 0.07	$ (0.03)
Diluted	$ 0.17	$ 0.21	$ 0.07	$ (0.03)
Anti-dilutive performance units excluded from computation of diluted earnings per share (in millions)				500
Including
Computation of Basic and Diluted Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	117,200	118,000	117,000	118,100
Weighted Average Number of Shares Outstanding, Diluted	117,700	118,600	117,500	118,100
Excluding
Computation of Basic and Diluted Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	112,800	114,900	112,800	115,200
Weighted Average Number of Shares Outstanding, Diluted	113,300	115,500	113,300	115,200

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021	May 27, 2022	Feb. 25, 2022	May 28, 2021	Feb. 26, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (89.8)	$ (50.9)	$ (89.8)	$ (50.9)	$ (69)	$ (50.6)	$ (38.8)	$ (40)
Other comprehensive income (loss) before reclassifications	(20.7)		(39.1)
Amounts reclassified from accumulated other comprehensive income (loss)	(0.1)		(0.1)
Net other comprehensive income (loss) during the period	(20.8)	(12.1)	(39.2)	(10.9)
Income tax expense (benefit)	6.8	4.7	2.4	(6)
Interest Expense	7.2	6.4	13.6	12.8
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)	(0.1)	0.2	(0.1)	0.3
Unrealized gain (loss) on investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	0.3		0.3		0	0.3
Other comprehensive income (loss) before reclassifications	0.3		0
Amounts reclassified from accumulated other comprehensive income (loss)	0		0
Net other comprehensive income (loss) during the period	0.3		0
Pension and other post-retirement liability adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	5.4		5.4		5.4	5.2
Other comprehensive income (loss) before reclassifications	0.3		0.8
Amounts reclassified from accumulated other comprehensive income (loss)	(0.3)		(0.6)
Net other comprehensive income (loss) during the period	0		0.2
Pension and other post-retirement liability adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)	(0.3)	0	(0.6)	(0.1)
Income tax expense (benefit)	0.1	0	0.2	0
Pension and other post-retirement liability adjustments [Member] | Actuarial losses (gains) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Income	(0.4)	0	(0.8)	(0.1)
Derivative Amortization
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(6.2)		(6.2)		(6.4)	(6.7)
Other comprehensive income (loss) before reclassifications	0		0
Amounts reclassified from accumulated other comprehensive income (loss)	0.2		0.5
Net other comprehensive income (loss) during the period	0.2		0.5
Derivative Amortization | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)	0.2	0.2	0.5	0.4
Income tax expense (benefit)	(0.1)	(0.1)	(0.2)	(0.2)
Derivative Amortization | Derivative [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Expense	0.3	$ 0.3	0.7	$ 0.6
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(89.3)		(89.3)		$ (68)	$ (49.4)
Other comprehensive income (loss) before reclassifications	(21.3)		(39.9)
Amounts reclassified from accumulated other comprehensive income (loss)	0		0
Net other comprehensive income (loss) during the period	$ (21.3)		$ (39.9)

Fair Value Narrative (Details)

Fair Value Narrative (Details) - USD ($)	6 Months Ended
	Aug. 26, 2022	Feb. 25, 2022	Aug. 27, 2021	Feb. 26, 2021
Fair Value Disclosures [Abstract]
Debt, Long-term and Short-term, Combined Amount	$ 563,500,000	$ 482,500,000
Long-term Debt, Fair Value	538,300,000	516,700,000
Fair Value, Option, Quantitative Disclosures [Line Items]
Restricted cash	6,400,000	6,100,000	$ 6,300,000	$ 5,800,000
Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	52,200,000	200,900,000
Restricted cash	6,400,000	6,100,000
Assets, Fair Value Disclosure	63,000,000	210,600,000
Foreign exchange forward contracts	(700,000)	(300,000)
Liabilities, Fair Value Disclosure	(700,000)	(300,000)
Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	1,800,000	1,000,000
Fair Value, Recurring [Member] | Auction Rate Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Auction rate security	2,600,000	2,600,000
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	52,200,000	200,900,000
Restricted cash	6,400,000	6,100,000
Assets, Fair Value Disclosure	58,600,000	207,000,000
Foreign exchange forward contracts	0	0
Liabilities, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	0	0
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member] | Auction Rate Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Auction rate security	0	0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Assets, Fair Value Disclosure	1,800,000	1,000,000
Foreign exchange forward contracts	(700,000)	(300,000)
Liabilities, Fair Value Disclosure	(700,000)	(300,000)
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	1,800,000	1,000,000
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Auction Rate Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Auction rate security	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Assets, Fair Value Disclosure	2,600,000	2,600,000
Foreign exchange forward contracts	0	0
Liabilities, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Auction Rate Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Auction rate security	2,600,000	$ 2,600,000
Unrealized gain on investments	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Aug. 26, 2022	Feb. 25, 2022
Inventories [Abstract]
Raw materials and work-in-process	$ 276.4	$ 208.2
Finished goods	153.7	146.9
Inventory, net of valuation allowances	430.1	355.1
LIFO reserve	33.4	28.9
Inventory, net of valuation allowances and LIFO reserve	396.7	326.2
LIFO Inventory Amount	$ 162.5	$ 141.4

Debt (Details)

Debt (Details) - USD ($)	4 Months Ended	6 Months Ended
	Jun. 10, 2022	Aug. 26, 2022	Aug. 27, 2021
Debt Disclosure [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity		$ 250,000,000
Line of Credit Facility, Current Borrowing Capacity		203,200,000
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		250,000,000
Line of Credit Facility, Additional Borrowing Capacity Available		125,000,000
Line of Credit Facility, Current Borrowing Capacity		203,200,000
Proceeds from Lines of Credit		$ 266,800,000	$ 0
United States of America, Dollars | Line of Credit
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Effective Percentage		3.75%
Line of Credit
Line of Credit Facility [Line Items]
Proceeds from Lines of Credit	$ 68,000,000	$ 79,800,000

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($)		3 Months Ended		6 Months Ended
		Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021	Feb. 25, 2022	Feb. 26, 2021
2023 Performance Unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period				428,700
2022 Performance Unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period				448,300
2021 Performance unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period				529,500
Performance Units [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, Aggregate Intrinsic Value, Outstanding		$ 5,200,000		$ 5,200,000		$ 4,800,000	$ 2,300,000
Performance and restricted stock units expense		(200,000)	$ 400,000	3,900,000	$ 5,600,000
Share-based Payment Arrangement, Expense, Tax Benefit		$ 0	100,000	$ 1,000,000	1,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		2,331,025		2,331,025		1,205,833
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 12.72		$ 12.72		$ 14.21
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				1,125,192
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 11.13
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 1,200,000		$ 1,200,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition				2 years
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance and restricted stock units expense		3,300,000	1,500,000	$ 11,200,000	9,200,000
Share-based Payment Arrangement, Expense, Tax Benefit		$ 800,000	$ 400,000	$ 2,800,000	$ 2,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		4,476,501		4,476,501		3,445,438
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 11.69		$ 11.69		$ 11.86
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				1,068,507
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 11.21
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 19,200,000		$ 19,200,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition				1 year 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				(11,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value				$ 14.44
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period				(26,444)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value				$ 13.13
Tranche 1 | Performance Units [Member] | 2023 Performance Unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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, Fair Value Assumptions, Expected Term				3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			52.20%
Tranche 1 | Performance Units [Member] | 2022 Performance Unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			0.30%
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]			53.50%
Tranche 1 | Performance Units [Member] | 2021 Performance unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			0.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			58.10%
Tranche 2 | Performance Units [Member] | 2022 Performance Unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			2.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			43.80%
Tranche 2 | Performance Units [Member] | 2021 Performance unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			0.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			61.30%
Tranche 3 [Domain] | Performance Units [Member] | 2021 Performance unit Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	[1]			1.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				1 year
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	[2]			28.70%
[1]Based on the U.S. Government bond benchmark on the grant date.[2]Represents the historical price volatility of our Class A Common Stock for the three-year period preceding the grant date.

Leases, Codification Topic 84_2

Leases, Codification Topic 842 (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021
Leases [Abstract]
Operating lease cost		$ 13.5	$ 13.2	$ 25.6	$ 26.3
Sublease rental income		(0.5)	(0.5)	(1.1)	(0.9)
Operating Lease, Expense		13	12.7	24.5	25.4
Operating cash flows used for operating leases		13.6	13.4	27.1	26.8
Leased assets obtained in exchange for new operating lease obligations		$ 10.3	$ 15.7	$ 13.5	$ 17.3
Lessee, Operating Lease, Remaining Lease Term		5 years 7 months 6 days	6 years 2 months 12 days	5 years 7 months 6 days	6 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent		3.70%	3.70%	3.70%	3.70%
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year		$ 23.3		$ 23.3
Operating Leases, Future Minimum Payments, Due in Two Years		49		49
Operating Leases, Future Minimum Payments, Due in Three Years		44.7		44.7
Operating Leases, Future Minimum Payments, Due in Four Years		34.9		34.9
Operating Leases, Future Minimum Payments, Due in Five Years		28.1		28.1
Operating Leases, Future Minimum Payments, Due Thereafter		53		53
Operating Leases, Future Minimum Payments Due	[1]	233		233
Operating Lease interest included in future lease payments		23.6		23.6
Operating Lease, Liability		$ 209.4		$ 209.4
[1]Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced.

Business Combinations (Details)

Business Combinations (Details) $ in Millions	6 Months Ended
	Aug. 26, 2022 USD ($)
SCS Viccarbe Habitat, S.L. Q3 FY22
Acquisition Details [Line Items]
Business Combination, Consideration Transferred	$ 34.9
Business Combination, Contingent Consideration, Liability	15.1
Contingent Consideration Classified as Equity, Fair Value Disclosure	4.9
Business Combination, Separately Recognized Transactions, Liabilities Recognized	7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	11.7
Business Acquisition, Goodwill, Expected Non-Deductible Amount	25.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	5.1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	2.9
Finite-lived Intangible Assets Acquired	11.7
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	0.5
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1.1
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1
Finite-Lived Intangible Assets, Amortization Expense, Next Five Years	4.6
Halcon Furniture LLC Q2 FY23
Acquisition Details [Line Items]
Business Combination, Consideration Transferred	127.5
Business Combination, Contingent Consideration, Liability	7.5
Business Combination, Separately Recognized Transactions, Liabilities Recognized	2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	51.8
Business Acquisition, Goodwill, Expected Non-Deductible Amount	36.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	16.4
Finite-lived Intangible Assets Acquired	51.8
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	5.2
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5
Finite-Lived Intangible Assets, Amortization Expense, Year Three	5.1
Finite-Lived Intangible Assets, Amortization Expense, Year Four	5
Finite-Lived Intangible Assets, Amortization Expense, Year Five	5
Finite-Lived Intangible Assets, Amortization Expense, Next Five Years	25.3
Business Combination, Working Capital Adjustment	1.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	30.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	12.3
Halcon Furniture LLC Q2 FY23 | Deposits [Member]
Acquisition Details [Line Items]
Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination	$ 24.3	[1]
Trademarks [Member] | SCS Viccarbe Habitat, S.L. Q3 FY22
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Finite-lived Intangible Assets Acquired	$ 4.6
Trademarks [Member] | Halcon Furniture LLC Q2 FY23
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Finite-lived Intangible Assets Acquired	$ 14
Dealer relationships [Member] | SCS Viccarbe Habitat, S.L. Q3 FY22
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	13 years
Finite-lived Intangible Assets Acquired	$ 3.8
Dealer relationships [Member] | Halcon Furniture LLC Q2 FY23
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Finite-lived Intangible Assets Acquired	$ 21.5
Know-How/Design [Member] | SCS Viccarbe Habitat, S.L. Q3 FY22
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Finite-lived Intangible Assets Acquired	$ 3.3
Know-How/Design [Member] | Halcon Furniture LLC Q2 FY23
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Finite-lived Intangible Assets Acquired	$ 12
Order or Production Backlog | Halcon Furniture LLC Q2 FY23
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 months 12 days
Finite-lived Intangible Assets Acquired	$ 4.3
[1]Represents customer deposits acquired from Halcon Furniture LLC ("Halcon") as of the acquisition date. See Note 11 for additional information.

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 26, 2022	Aug. 27, 2021	Aug. 26, 2022	Aug. 27, 2021	Feb. 25, 2022
Segment Reporting Information [Line Items]
Revenue	$ 863.3	$ 724.8	$ 1,604	$ 1,281.4
Operating income	28.9	33.9	16.3	2.1
Total assets	2,302.6		2,302.6		$ 2,261
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	651.6	523.3	1,172.4	899.6
Operating income	43.5	44.7	42.3	29.7
Total assets	1,358.1		1,358.1		1,110.4
EMEA [Member]
Segment Reporting Information [Line Items]
Revenue	137.8	138.9	294.2	262.5
Operating income	(6.8)	(1.6)	(5.5)	(7.3)
Total assets	420		420		475.2
Other category [Member]
Segment Reporting Information [Line Items]
Revenue	73.9	62.6	137.4	119.3
Operating income	(1.3)	(4.2)	(4.2)	(9.5)
Total assets	227		227		227.6
Corporate [Member]
Segment Reporting Information [Line Items]
Operating income	(6.5)	$ (5)	(16.3)	$ (10.8)
Total assets	$ 297.5		$ 297.5		$ 447.8

Restructuring and Related Act_3

Restructuring and Related Activities (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 26, 2022	Feb. 25, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 0	$ 0
Restructuring costs	4.2
Payments for Restructuring	4.2
Restructuring and Related Cost, Expected Cost	4.7
Workforce Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	0
Restructuring costs	1.8
Payments for Restructuring	1.8
Business Exit and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	$ 0
Restructuring costs	2.4
Payments for Restructuring	2.4
ROU Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges	$ 0.5

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Sep. 21, 2022	Aug. 26, 2022
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost		$ 4.7
Subsequent Event
Subsequent Event [Line Items]
Restructuring and Related Cost, Expected Cost	$ 8