Steelcase (SCS) 10-Q 23 Jun 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	May 26, 2023	Jun. 20, 2023
Statement [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 26, 2023
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	Q1
Document Fiscal Year Focus	2024
Entity Central Index Key	0001050825
Current Fiscal Year End Date	--02-23
Common Class A [Member]
Statement [Line Items]
Entity Common Stock, Shares Outstanding		93,588,645
Common Class B [Member]
Statement [Line Items]
Entity Common Stock, Shares Outstanding		20,414,413

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended
	May 26, 2023	May 27, 2022
Statement [Line Items]
Revenue	$ 751.9	$ 740.7
Cost of sales	515.9	548.2
Gross profit	234.6	191.6
Operating expenses	220.6	200.9
Operating income (loss)	7.3	(12.6)
Interest expense	(6.6)	(6.4)
Investment income	0.5	0.1
Other income, net	1.7	3.1
Income (loss) before income tax expense (benefit)	2.9	(15.8)
Income tax expense (benefit)	1.4	(4.4)
Net income (loss)	$ 1.5	$ (11.4)
Earnings per share
Basic	$ 0.01	$ (0.10)
Diluted	0.01	(0.10)
Dividends declared and paid per common share	$ 0.100	$ 0.145
Cost of Sales
Statement [Line Items]
Restructuring costs	$ 1.4	$ 0.9
Operating Expense
Statement [Line Items]
Restructuring costs	$ 6.7	$ 3.3

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	May 26, 2023	May 27, 2022
Statement [Line Items]
Net income (loss)	$ 1.5	$ (11.4)
Unrealized loss on investment	0	(0.3)
Pension and other post-retirement liability adjustments	(0.6)	0.2
Derivative amortization	0.2	0.3
Foreign currency translation adjustments	3.2	(18.6)
Total other comprehensive income (loss), net	2.8	(18.4)
Comprehensive income (loss)	$ 4.3	$ (29.8)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	May 26, 2023	Feb. 24, 2023
Assets, Current [Abstract]
Cash and cash equivalents	$ 40.2	$ 90.4
Accounts receivable, net of allowance of $6.8 and $6.5	363.3	373.3
Inventories	307.3	319.7
Prepaid expenses	34.5	28.9
Assets held for sale	29	29
Other current assets	41.6	42.7
Total current assets	815.9	884
Property, plant and equipment, net of accumulated depreciation of $1,100.7 and $1,088.6	373.1	376.5
Company-owned life insurance ("COLI")	159.7	157.3
Deferred income taxes	117.6	117.3
Goodwill	277	276.8
Other intangible assets, net of accumulated amortization of $102.0 and $97.6	107.5	111.2
Investments in unconsolidated affiliates	51.4	51.1
Right-of-use operating lease assets	193.5	198.3
Other assets	29.8	30.3
Total assets	2,125.5	2,202.8
Liabilities, Current [Abstract]
Accounts payable	215.3	203.5
Short-term borrowings and current portion of long-term debt	0.8	35.7
Current operating lease obligations	46	44.7
Accrued expenses:
Employee compensation	79.3	120
Employee benefit plan obligations	20.5	31.2
Accrued promotions	25.8	26.7
Customer deposits	51.1	50.8
Other	94.8	90.7
Total current liabilities	533.6	603.3
Long-term liabilities:
Long-term debt less current maturities	445.7	445.5
Employee benefit plan obligations	95.4	103
Long-term operating lease obligations	163.5	169.9
Other long-term liabilities	58.2	54.9
Total long-term liabilities	762.8	773.3
Total liabilities	1,296.4	1,376.6
Shareholders' equity:
Additional paid-in capital	30.1	19.4
Accumulated Other Comprehensive Income (Loss), Net of Tax	(69.7)	(72.5)
Retained earnings	868.7	879.3
Total shareholders’ equity	829.1	826.2
Total liabilities and shareholders’ equity	$ 2,125.5	$ 2,202.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	May 26, 2023	Feb. 24, 2023
Statement of Financial Position [Abstract]
Accounts Receivable, after Allowance for Credit Loss, Current	$ 6.8	$ 6.5
Property, plant and equipment, accumulated depreciation	1,100.7	1,088.6
Other intangible assets, accumulated amortization	$ 102	$ 97.6

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Shareholders' Equity Statement - USD ($) $ in Millions		3 Months Ended
		May 26, 2023	May 27, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares outstanding, beginning of period		112,988,721	112,109,294
Common stock issuances		37,250	21,172
Common stock repurchases		(429,624)	(279,103)
Performance and restricted stock units issued as common stock		1,357,239	889,128
Common shares outstanding, end of period		113,953,586	112,740,491
Additional paid-in capital, beginning of period		$ 19.4
Additional paid-in capital, end of period		30.1
Accumulated other comprehensive income (loss), beginning of period		(72.5)	$ (50.6)
Other comprehensive income (loss)		2.8	(18.4)
Accumulated other comprehensive income (loss), end of period		(69.7)	(69)
Retained earnings, beginning of period		879.3	901.3
Net income (loss)		1.5	(11.4)
Dividends paid		(12.1)	(17.1)
Retained earnings, end of period		868.7	872.8
Stockholders' Equity Attributable to Parent		829.1	814.1
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Additional paid-in capital, beginning of period	[1]	19.4	1.5
Common stock issuances	[1]	0.3	0.2
Common stock repurchases	[1]	3.3	3.4
Performance and restricted stock units expense	[1]	13.7	12
Additional paid-in capital, end of period	[1]	$ 30.1	$ 10.3
[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		3 Months Ended
		May 26, 2023		Feb. 24, 2023		May 27, 2022
OPERATING ACTIVITIES
Net income (loss)		$ 1.5				$ (11.4)
Depreciation and amortization		20.4				20.2
Share-based compensation		14				12.2
Restructuring costs		8.1				4.2
Other		(1.3)				(4.2)
Changes in operating assets and liabilities net of acquisitions:
Accounts receivable		11.3				(14.5)
Inventories		12.1				(50.6)
Income taxes receivable		(2.4)				25.3
Other assets		(0.8)				(13.2)
Accounts payable		11.3				16.7
Employee compensation liabilities		(49.1)				(18.5)
Employee benefit obligations		(19.3)				(17.2)
Accrued expenses and other liabilities		5.5				(4.1)
Net cash provided by operating activities		11.3				(55.1)
INVESTING ACTIVITIES
Capital expenditures		(11.7)				(13.6)
Other		0.5				6.3
Net cash used in investing activities		(11.2)				(7.3)
FINANCING ACTIVITIES
Dividends paid		(12.1)				(17.1)
Borrowings on global committed bank facility		67.2				0
Repayments on global committed bank facility		(67.2)				0
Repayments on note payable		(32.2)				0
Other		(6)				(3.6)
Net cash used in financing activities		(50.3)				(20.7)
Effect of exchange rate changes on cash and cash equivalents		(0.4)				(1.3)
Net decrease in cash, cash equivalents and restricted cash		(50.6)				(84.4)
Cash and cash equivalents and restricted cash, beginning of period (1)	[1]	97.2				207
Cash and cash equivalents and restricted cash, end of period (2)		46.6	[2]	$ 97.2	[1]	122.6	[2]
Restricted cash		$ 6.4		$ 6.8		$ 5.9
[1]These amounts include restricted cash of $6.8 and $6.1 as of February 24, 2023 and February 25, 2022, respectively.[2]These amounts include restricted cash of $6.4 and $5.9 as of May 26, 2023 and May 27, 2022, respectively.

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	May 26, 2023
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 24, 2023 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 24, 2023 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	3 Months Ended
	May 26, 2023
Accounting Policies [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS We evaluate all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB") 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. Adoption of New Accounting Standards Effective Q1 2024, we adopted ASU No. 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50) , which is intended to enhance transparency of supplier finance programs by requiring disclosure of key terms, amounts outstanding (including a rollforward of outstanding amounts) and a description of where such amounts are presented in the consolidated financial statements. We participate in a supplier finance program in Spain offered by a third-party financial institution. The program allows participating suppliers the ability to finance our payment obligations prior to their scheduled due dates at a discounted price set by the financial institution. We have extended payment terms with suppliers that have voluntarily chosen to participate in the program. As of May 26, 2023, the outstanding amount of program obligations, reported in Accounts payable on the Condensed Consolidated Balance Sheets, was $0.8. The amount settled through the program during Q1 2024 was $2.2.

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	May 26, 2023
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 May 26, May 27, Americas Desking, benching, systems and storage $ 250.2 $ 260.3 Seating 152.8 156.2 Other (1) 169.8 127.3 International Desking, benching, systems and storage 61.6 67.4 Seating 62.0 70.7 Other (1) 55.5 58.8 $ 751.9 $ 740.7 _______________________________________ (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 May 26, May 27, United States $ 532.7 $ 501.8 Foreign locations 219.2 238.9 $ 751.9 $ 740.7 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 for the three months ended May 26, 2023 are as follows: Customer Deposits Balance as of February 24, 2023 $ 50.8 Recognition of revenue related to beginning of year customer deposits (31.4) Customer deposits received, net of revenue recognized during the period 31.7 Balance as of May 26, 2023 $ 51.1

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	May 26, 2023
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 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 Three Months Ended May 26, 2023 Three Months Ended May 27, 2022 Net Income (Loss) Basic Shares Diluted Shares Net Income (Loss) Basic Shares Diluted Shares Amounts used in calculating earnings (loss) per share $ 1.5 117.9 118.4 $ (11.4) 116.7 116.7 Impact of participating securities (0.1) (4.1) (4.1) 0.4 (4.0) (4.0) Amounts used in calculating earnings (loss) per share, excluding participating securities $ 1.4 113.8 114.3 $ (11.0) 112.7 112.7 Earnings (loss) per share $ 0.01 $ 0.01 $ (0.10) $ (0.10) There were no anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the three months ended May 26, 2023. There were 0.4 million anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the three months ended May 27, 2022.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	May 26, 2023
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 May 26, 2023: Unrealized gain (loss) on investment Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of February 24, 2023 $ (0.1) $ 9.3 $ (5.7) $ (76.0) $ (72.5) Other comprehensive income (loss) before reclassifications — (0.1) — 3.2 3.1 Amounts reclassified from accumulated other comprehensive income (loss) — (0.5) 0.2 — (0.3) Net other comprehensive income (loss) during the period — (0.6) 0.2 3.2 2.8 Balance as of May 26, 2023 $ (0.1) $ 8.7 $ (5.5) $ (72.8) $ (69.7) The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the three months ended May 26, 2023 and May 27, 2022: Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Operations Three Months Ended May 26, May 27, Amortization of pension and other post-retirement actuarial gains $ (0.6) $ (0.4) Other income, net Income tax expense 0.1 0.1 Income tax expense (benefit) (0.5) (0.3) Derivative amortization 0.3 0.4 Interest expense Income tax benefit (0.1) (0.1) Income tax expense (benefit) 0.2 0.3 Total reclassifications $ (0.3) $ —

Fair Value

Fair Value	3 Months Ended
	May 26, 2023
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, long-term investments and contingent consideration are measured at fair value on the Condensed Consolidated Balance Sheets. Our total debt is carried at cost and was $446.5 and $481.2 as of May 26, 2023 and February 24, 2023, 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 $379.9 and $405.9 as of May 26, 2023 and February 24, 2023, respectively. The estimation of the fair value of our total debt is based on Level 2 fair value measurements. We may 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 volatility. We do not use derivatives for speculative or trading purposes. In connection with the acquisition of Viccarbe Habitat, S.L in Q3 2022, up to an additional $13.9 (or €13.0) is payable to the sellers based upon the achievement of certain revenue and operating income targets over a three-year period ending in 2025. This amount was considered 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. At each subsequent reporting date, changes in the fair value of the liability are recorded to Operating expenses until the liability is settled. Assets and liabilities measured at fair value within our Condensed Consolidated Balance Sheets as of May 26, 2023 and February 24, 2023 are summarized below: May 26, 2023 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 40.2 $ — $ — $ 40.2 Restricted cash 6.4 — — 6.4 Foreign exchange forward contracts — 1.8 — 1.8 Auction rate security — — 2.1 2.1 $ 46.6 $ 1.8 $ 2.1 $ 50.5 Liabilities: Foreign exchange forward contracts $ — $ (0.3) $ — $ (0.3) Contingent consideration — — (9.7) (9.7) $ — $ (0.3) $ (9.7) $ (10.0) February 24, 2023 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 90.4 $ — $ — $ 90.4 Restricted cash 6.8 — — 6.8 Foreign exchange forward contracts — 2.3 — 2.3 Auction rate security — — 2.1 2.1 $ 97.2 $ 2.3 $ 2.1 $ 101.6 Liabilities: Foreign exchange forward contracts $ — $ (0.3) $ — $ (0.3) Contingent consideration — — (9.5) (9.5) $ — $ (0.3) $ (9.5) $ (9.8)

Inventories

Inventories	3 Months Ended
	May 26, 2023
Inventories [Abstract]
Inventories	INVENTORIES Inventories May 26, February 24, Raw materials and work-in-process $ 221.0 $ 232.8 Finished goods 116.8 118.1 337.8 350.9 Revaluation to LIFO 30.5 31.2 $ 307.3 $ 319.7 The portion of inventories determined by the LIFO method aggregated to $140.8 and $134.1 as of May 26, 2023 and February 24, 2023, respectively.

Debt

Debt	3 Months Ended
	May 26, 2023
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	SHORT-TERM BORROWINGS 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. On April 27, 2023, the credit facility was amended. As amended, interest on borrowings under the facility is based on the rate selected by us from the following options (with all capitalized terms having the meanings provided in the credit agreement, as amended): • the Applicable Floating Rate Margin in effect plus the greatest of (i) the Prime Rate, (ii) the Federal Funds Effective Rate plus 0.5%, (iii) the Term SOFR Reference Rate for a one-month interest period plus 1.10% or (iv) 0.75%; • the Applicable Term Benchmark/RFR Margin in effect plus (i) for borrowings in U.S. dollars, the Term SOFR Reference Rate plus 0.10%, or (ii) for borrowings in euros, the Adjusted EURIBOR Rate; or • the Applicable Term Benchmark/RFR Margin in effect plus the Daily Simple SOFR Rate plus 0.10%.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	May 26, 2023
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 May 26, 2023, the following PSUs have been issued and remained outstanding: • 767,600 PSUs to be earned over the period of 2024 through 2026 (the "2024 PSUs"), • 428,700 PSUs to be earned over the period of 2023 through 2025 (the "2023 PSUs") and • 448,300 PSUs to be earned over the period of 2022 through 2024 (the "2022 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. The awards will be forfeited if a participant leaves the company for reasons other than retirement, disability or death or if the participant engages in any competition with us, as defined in the Inventive Compensation Plan. As of May 26, 2023, the 2024 PSUs, 2023 PSUs and 2022 PSUs were considered granted as follows: • In Q1 2024, the performance conditions were established for Tranche 1 of the 2024 PSUs, Tranche 2 of the 2023 PSUs and Tranche 3 of the 2022 PSUs, and accordingly, such tranches were considered granted in Q1 2024. • In Q1 2023, the performance conditions were established for Tranche 1 of the 2023 PSUs and Tranche 2 of the 2022 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 accordingly, such tranche was considered granted in Q1 2022. 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 $4.5, $3.5 and $2.3 for the PSUs with market conditions granted in 2024, 2023 and 2022, respectively, that remained outstanding as of May 26, 2023. The Monte Carlo simulation was computed using the following assumptions: 2024 PSUs 2023 PSUs 2022 PSUs Tranche 1 Tranche 2 Tranche 1 Tranche 3 Tranche 2 Tranche 1 Risk-free interest rate (1) 3.7 % 4.0 % 2.6 % 4.7 % 2.3 % 0.3 % Expected term 3 years 2 years 3 years 1 year 2 years 3 years Estimated volatility (2) 44.1 % 37.8 % 52.2 % 45.5 % 43.8 % 53.5 % _______________________________________ (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 period prior to the grant date which is equivalent to the expected term of the tranche. The total PSU expense and associated tax benefit recorded during the three months ended May 26, 2023 and May 27, 2022 are as follows: Three Months Ended Performance Units May 26, May 27, Expense $ 5.4 $ 4.1 Tax benefit 1.4 1.0 The PSU activity for the three months ended May 26, 2023 is as follows: Maximum Number of Shares of Nonvested Units Total Weighted-Average Nonvested as of February 24, 2023 1,060,231 $ 13.11 Granted 1,315,664 8.30 Nonvested as of May 26, 2023 2,375,895 $ 10.44 As of May 26, 2023, there was $3.6 of remaining unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.1 years. Restricted Stock Units During the three months ended May 26, 2023, we awarded 1,545,505 restricted stock units ("RSUs") to certain employees. RSUs have restrictions on transfer which lapse up to three years after the date of grant, at which time the RSUs are 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. For participants 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. Typically, these awards will be forfeited if a participant leaves the company for reasons other than retirement, disability or death or if the participant engages in any competition with us, as defined in the Incentive Compensation Plan. The total RSU expense and associated tax benefit for the three months ended May 26, 2023 and May 27, 2022 are as follows: Three Months Ended Restricted Stock Units May 26, May 27, Expense $ 8.3 $ 7.9 Tax benefit 2.1 2.0 The RSU activity for the three months ended May 26, 2023 is as follows: Nonvested Units Total Weighted-Average Nonvested as of February 24, 2023 3,293,268 $ 12.11 Granted 1,545,505 7.89 Vested (12,477) 11.78 Forfeited (24,802) 10.98 Nonvested as of May 26, 2023 4,801,494 $ 10.76 As of May 26, 2023, there was $16.9 of remaining unrecognized compensation expense related to nonvested RSUs, which is expected to be recognized over a remaining weighted-average period of 1.8 years.

Leases, Codification Topic 842

Leases, Codification Topic 842	3 Months Ended
	May 26, 2023
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 2035. 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 during the three months ended May 26, 2023 and May 27, 2022 are as follows: Three Months Ended May 26, May 27, Operating lease cost $ 13.6 $ 12.1 Sublease rental income (0.5) (0.6) $ 13.1 $ 11.5 Supplemental cash flow and other information related to leases during the three months ended May 26, 2023 and May 27, 2022 is as follows: Three Months Ended May 26, May 27, Cash flow information: Operating cash flows used for operating leases $ 14.1 $ 13.5 Leased assets obtained in exchange for new operating lease obligations $ 5.0 $ 3.2 As of May 26, 2023 and May 27, 2022, the weighted-average remaining lease terms were 5.1 years and 5.8 years, respectively, and the weighted-average discount rates were 4.3% and 3.6%, respectively. The following table summarizes the future minimum lease payments as of May 26, 2023: Fiscal year ending in February Amount (1) 2024 $ 40.0 2025 53.3 2026 42.6 2027 34.0 2028 25.2 Thereafter 39.2 Total lease payments $ 234.3 Less: Interest 24.8 Present value of lease liabilities $ 209.5 _______________________________________ (1) Lease payments include

Business Combinations

Business Combinations	3 Months Ended
	May 26, 2023
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS 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 was 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, and we were not required to make a payment at the settlement date in 2023. 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, $36.6 related to goodwill and $16.7 related to tangible assets. The tangible assets mainly consisted of property, plant and equipment of $30.6, working capital (primarily inventory of $12.8) 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 shipped throughout 2023. As of May 26, 2023, the purchase accounting for the HALCON acquisition was complete. 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 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 May 26, 2023: Fiscal Year Ending in February Amount 2024 $ 3.8 2025 5.1 2026 5.0 2027 5.0 2028 5.0 $ 23.9

Reportable Segments

Reportable Segments	3 Months Ended
	May 26, 2023
Reportable Segments [Abstract]
Reportable Segments	REPORTABLE SEGMENTS As of the end of Q1 2024, we realigned our reportable segments for financial reporting purposes as a result of changes in how we monitor business performance and allocate resources to support our top strategic priorities. During the quarter, we simplified our internal reporting to summarize the results of all brands by geography including utilization of previously unallocated Corporate expenses. This change is parallel to the organizational structure that is used by our Chief Executive Officer in the capacity as chief operating decision maker ("CODM") for making operating and investment decisions and assessing business performance. The operating segments regularly reviewed by the CODM are (1) the Americas, (2) Europe, the Middle East and Africa ("EMEA") and (3) Asia Pacific. Asia Pacific serves customers in Australia, China, India, Japan, Korea and other countries in Southeast Asia. We primarily review and evaluate revenue, gross profit and operating income (loss) by these segments in our internal review processes and reporting. We also allocate resources among these segments primarily based on revenue, gross profit and operating income (loss). Total assets by segment include manufacturing and other assets associated with each segment. For purposes of segment reporting externally, we have aggregated the EMEA and Asia Pacific operating segments as an International segment based upon their similarity in certain quantitative and qualitative characteristics as defined in the Accounting Standards Codification ("ASC") 280, Segment Reporting. We evaluated the economic similarity of these operating segments including patterns and trends for revenue, gross profit and operating income (loss) in addition to the similarity in the nature of products and services, types of customers, and production and distribution processes in these regions. We concluded that these operating segments met the criteria for aggregation consistent with the basic principles and objectives of segment reporting described in ASC 280. The change in our reportable segments did not result in a change to our reporting units for purposes of goodwill impairment testing. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture and architectural products that are marketed to corporate, government, healthcare, education and retail customers primarily through the Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System and Viccarbe brands. The International segment serves customers in EMEA and Asia Pacific with a comprehensive portfolio of furniture and architectural products that are marketed to corporate, government, education and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands. As required by ASC 280 , all presented segment data reflects the reclassification of previously reported segment data. Revenue, gross profit and operating income (loss) for the three months ended May 26, 2023 and May 27, 2022 and total assets and goodwill as of May 26, 2023 and February 24, 2023 by segment are presented in the following tables which reflect the realigned segments: Three Months Ended Reportable Segment Statement of Operations Data May 26, May 27, Revenue Americas $ 572.8 $ 543.8 International 179.1 196.9 $ 751.9 $ 740.7 Gross Profit Americas $ 183.6 $ 139.1 International 51.0 52.5 $ 234.6 $ 191.6 Operating Income (Loss) Americas $ 19.8 $ (10.7) International (12.5) (1.9) $ 7.3 $ (12.6) Reportable Segment Balance Sheet Data May 26, February 24, Total assets Americas $ 1,579.9 $ 1,631.2 International 545.6 571.6 $ 2,125.5 $ 2,202.8 Goodwill Americas $ 268.4 $ 268.3 International 8.6 8.5 $ 277.0 $ 276.8

Restructuring and Related Activ

Restructuring and Related Activities	3 Months Ended
	May 26, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	RESTRUCTURING ACTIVITIES In Q4 2023, we implemented a series of restructuring actions, primarily related to the wind down of our customer aviation function in connection with our strategy to reinvent our go-to-market model and create new customer experiences. The restructuring actions included terminations of approximately 23 salaried employees in the Americas segment. We expect to incur approximately $4.4 of restructuring costs in the Americas segment related to these actions, consisting of cash severance payments and other separation-related benefits. In Q1 2024, we recorded $0.7 of restructuring costs in the Americas segment for these actions. We also incurred $3.6 of workforce reductions and other separation-related benefits in the Americas segment for these actions in Q4 2023. We expect these actions to be completed in Q2 2024. In Q1 2024, we announced a series of restructuring actions in response to continued decline in order volume, persisting inflationary pressures, and decreasing plant utilization. These actions involve the involuntary terminations of approximately 40 to 50 salaried roles in EMEA, the elimination of approximately 240 positions in Asia Pacific, and the involuntary terminations of approximately 30 employees in the Americas in connection with the closing of our regional distribution center in Atlanta, Georgia. We expect to incur restructuring costs of approximately $14 to $17 in the International segment and approximately $2 in the Americas segment related to these actions, consisting of cash severance payments and other separation-related benefits. We incurred restructuring costs of $6.8 in the International segment and $0.6 in the Americas segment for these actions during Q1 2024. We expect these actions to be substantially completed by the end of 2024. The following table details the changes in the restructuring reserve balance for the three months ended May 26, 2023: Workforce Reductions Balance as of February 24, 2023 $ 4.0 Restructuring costs 8.1 Payments (4.1) Balance as of May 26, 2023 $ 8.0

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 26, 2023
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 May 26, May 27, Americas Desking, benching, systems and storage $ 250.2 $ 260.3 Seating 152.8 156.2 Other (1) 169.8 127.3 International Desking, benching, systems and storage 61.6 67.4 Seating 62.0 70.7 Other (1) 55.5 58.8 $ 751.9 $ 740.7 _______________________________________ (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 May 26, May 27, United States $ 532.7 $ 501.8 Foreign locations 219.2 238.9 $ 751.9 $ 740.7
Contract with Customer, changes in customer deposits	Changes in the Customer deposits balance for the three months ended May 26, 2023 are as follows: Customer Deposits Balance as of February 24, 2023 $ 50.8 Recognition of revenue related to beginning of year customer deposits (31.4) Customer deposits received, net of revenue recognized during the period 31.7 Balance as of May 26, 2023 $ 51.1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	May 26, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	Computation of Three Months Ended May 26, 2023 Three Months Ended May 27, 2022 Net Income (Loss) Basic Shares Diluted Shares Net Income (Loss) Basic Shares Diluted Shares Amounts used in calculating earnings (loss) per share $ 1.5 117.9 118.4 $ (11.4) 116.7 116.7 Impact of participating securities (0.1) (4.1) (4.1) 0.4 (4.0) (4.0) Amounts used in calculating earnings (loss) per share, excluding participating securities $ 1.4 113.8 114.3 $ (11.0) 112.7 112.7 Earnings (loss) per share $ 0.01 $ 0.01 $ (0.10) $ (0.10) There were no anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the three months ended May 26, 2023. There were 0.4 million anti-dilutive performance units excluded from the computation of diluted earnings (loss) per share for the three months ended May 27, 2022.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	May 26, 2023
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 May 26, 2023: Unrealized gain (loss) on investment Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of February 24, 2023 $ (0.1) $ 9.3 $ (5.7) $ (76.0) $ (72.5) Other comprehensive income (loss) before reclassifications — (0.1) — 3.2 3.1 Amounts reclassified from accumulated other comprehensive income (loss) — (0.5) 0.2 — (0.3) Net other comprehensive income (loss) during the period — (0.6) 0.2 3.2 2.8 Balance as of May 26, 2023 $ (0.1) $ 8.7 $ (5.5) $ (72.8) $ (69.7)
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 26, 2023 and May 27, 2022: Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Operations Three Months Ended May 26, May 27, Amortization of pension and other post-retirement actuarial gains $ (0.6) $ (0.4) Other income, net Income tax expense 0.1 0.1 Income tax expense (benefit) (0.5) (0.3) Derivative amortization 0.3 0.4 Interest expense Income tax benefit (0.1) (0.1) Income tax expense (benefit) 0.2 0.3 Total reclassifications $ (0.3) $ —

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	May 26, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value within our Condensed Consolidated Balance Sheets as of May 26, 2023 and February 24, 2023 are summarized below: May 26, 2023 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 40.2 $ — $ — $ 40.2 Restricted cash 6.4 — — 6.4 Foreign exchange forward contracts — 1.8 — 1.8 Auction rate security — — 2.1 2.1 $ 46.6 $ 1.8 $ 2.1 $ 50.5 Liabilities: Foreign exchange forward contracts $ — $ (0.3) $ — $ (0.3) Contingent consideration — — (9.7) (9.7) $ — $ (0.3) $ (9.7) $ (10.0) February 24, 2023 Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 90.4 $ — $ — $ 90.4 Restricted cash 6.8 — — 6.8 Foreign exchange forward contracts — 2.3 — 2.3 Auction rate security — — 2.1 2.1 $ 97.2 $ 2.3 $ 2.1 $ 101.6 Liabilities: Foreign exchange forward contracts $ — $ (0.3) $ — $ (0.3) Contingent consideration — — (9.5) (9.5) $ — $ (0.3) $ (9.5) $ (9.8)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Below is a roll-forward of assets and liabilities measured at estimated fair value using Level 3 inputs during the three months ended May 26, 2023: Roll-forward of Fair Value Using Level 3 Inputs Auction Rate Security - Other Assets Contingent Consideration - Other Long-Term Liabilities Balance as of February 24, 2023 $ 2.1 $ 9.5 Unrealized gain (loss) on investment — — Foreign currency (gain) loss — 0.2 Change in estimated fair value — — Balance as of May 26, 2023 $ 2.1 $ 9.7

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 26, 2023
Inventories [Abstract]
Schedule of Inventory	Inventories May 26, February 24, Raw materials and work-in-process $ 221.0 $ 232.8 Finished goods 116.8 118.1 337.8 350.9 Revaluation to LIFO 30.5 31.2 $ 307.3 $ 319.7

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	May 26, 2023
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: 2024 PSUs 2023 PSUs 2022 PSUs Tranche 1 Tranche 2 Tranche 1 Tranche 3 Tranche 2 Tranche 1 Risk-free interest rate (1) 3.7 % 4.0 % 2.6 % 4.7 % 2.3 % 0.3 % Expected term 3 years 2 years 3 years 1 year 2 years 3 years Estimated volatility (2) 44.1 % 37.8 % 52.2 % 45.5 % 43.8 % 53.5 % _______________________________________ (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 and associated tax benefit recorded during the three months ended May 26, 2023 and May 27, 2022 are as follows: Three Months Ended Performance Units May 26, May 27, Expense $ 5.4 $ 4.1 Tax benefit 1.4 1.0 The total RSU expense and associated tax benefit for the three months ended May 26, 2023 and May 27, 2022 are as follows: Three Months Ended Restricted Stock Units May 26, May 27, Expense $ 8.3 $ 7.9 Tax benefit 2.1 2.0
Share-based Payment Arrangement, Performance Shares, Activity	The PSU activity for the three months ended May 26, 2023 is as follows: Maximum Number of Shares of Nonvested Units Total Weighted-Average Nonvested as of February 24, 2023 1,060,231 $ 13.11 Granted 1,315,664 8.30 Nonvested as of May 26, 2023 2,375,895 $ 10.44 As of May 26, 2023, there was $3.6 of remaining unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.1 years.
Schedule of Restricted Stock Unit Awards Activity	The RSU activity for the three months ended May 26, 2023 is as follows: Nonvested Units Total Weighted-Average Nonvested as of February 24, 2023 3,293,268 $ 12.11 Granted 1,545,505 7.89 Vested (12,477) 11.78 Forfeited (24,802) 10.98 Nonvested as of May 26, 2023 4,801,494 $ 10.76

Leases, Codification Topic 842

Leases, Codification Topic 842 (Tables)	3 Months Ended
	May 26, 2023
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense during the three months ended May 26, 2023 and May 27, 2022 are as follows: Three Months Ended May 26, May 27, Operating lease cost $ 13.6 $ 12.1 Sublease rental income (0.5) (0.6) $ 13.1 $ 11.5
Lessee, Lease, Supplemental cash flow and other information	Supplemental cash flow and other information related to leases during the three months ended May 26, 2023 and May 27, 2022 is as follows: Three Months Ended May 26, May 27, Cash flow information: Operating cash flows used for operating leases $ 14.1 $ 13.5 Leased assets obtained in exchange for new operating lease obligations $ 5.0 $ 3.2 As of May 26, 2023 and May 27, 2022, the weighted-average remaining lease terms were 5.1 years and 5.8 years, respectively, and the weighted-average discount rates were 4.3% and 3.6%, respectively.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes the future minimum lease payments as of May 26, 2023: Fiscal year ending in February Amount (1) 2024 $ 40.0 2025 53.3 2026 42.6 2027 34.0 2028 25.2 Thereafter 39.2 Total lease payments $ 234.3 Less: Interest 24.8 Present value of lease liabilities $ 209.5 _______________________________________ (1) Lease payments include

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	May 26, 2023
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	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
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 May 26, 2023: Fiscal Year Ending in February Amount 2024 $ 3.8 2025 5.1 2026 5.0 2027 5.0 2028 5.0 $ 23.9

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	May 26, 2023
Reportable Segments [Abstract]
Schedule of Segment Reporting Information	Revenue, gross profit and operating income (loss) for the three months ended May 26, 2023 and May 27, 2022 and total assets and goodwill as of May 26, 2023 and February 24, 2023 by segment are presented in the following tables which reflect the realigned segments: Three Months Ended Reportable Segment Statement of Operations Data May 26, May 27, Revenue Americas $ 572.8 $ 543.8 International 179.1 196.9 $ 751.9 $ 740.7 Gross Profit Americas $ 183.6 $ 139.1 International 51.0 52.5 $ 234.6 $ 191.6 Operating Income (Loss) Americas $ 19.8 $ (10.7) International (12.5) (1.9) $ 7.3 $ (12.6) Reportable Segment Balance Sheet Data May 26, February 24, Total assets Americas $ 1,579.9 $ 1,631.2 International 545.6 571.6 $ 2,125.5 $ 2,202.8 Goodwill Americas $ 268.4 $ 268.3 International 8.6 8.5 $ 277.0 $ 276.8

Restructuring and Related Act_2

Restructuring and Related Activities (Tables)	3 Months Ended
	May 26, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table details the changes in the restructuring reserve balance for the three months ended May 26, 2023: Workforce Reductions Balance as of February 24, 2023 $ 4.0 Restructuring costs 8.1 Payments (4.1) Balance as of May 26, 2023 $ 8.0

Basis Of Presentation (Details)

Basis Of Presentation (Details)	3 Months Ended
	May 26, 2023
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 24, 2023 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 24, 2023 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) $ in Millions	3 Months Ended
	May 26, 2023 USD ($)
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 ("FASB") 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.
Supplier Finance Program	Effective Q1 2024, we adopted ASU No. 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50) , which is intended to enhance transparency of supplier finance programs by requiring disclosure of key terms, amounts outstanding (including a rollforward of outstanding amounts) and a description of where such amounts are presented in the consolidated financial statements. We participate in a supplier finance program in Spain offered by a third-party financial institution. The program allows participating suppliers the ability to finance our payment obligations prior to their scheduled due dates at a discounted price set by the financial institution. We have extended payment terms with suppliers that have voluntarily chosen to participate in the program. As of May 26, 2023, the outstanding amount of program obligations, reported in Accounts payable on the Condensed Consolidated Balance Sheets, was $0.8. The amount settled through the program during Q1 2024 was $2.2.
Supplier Finance Program, Obligation	$ 0.8
Supplier Finance Program, Obligation, Settlement	$ 2.2

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions		3 Months Ended
		May 26, 2023	May 27, 2022	Feb. 24, 2023
Disaggregation of Revenue [Line Items]
Revenue		$ 751.9	$ 740.7
Contract with Customer, changes in customer deposits [Line Items]
Contract with Customer, Liability		51.1		$ 50.8
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue		532.7	501.8
Non-US
Disaggregation of Revenue [Line Items]
Revenue		219.2	238.9
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue		572.8	543.8
Americas [Member] | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		250.2	260.3
Americas [Member] | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		152.8	156.2
Americas [Member] | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[1]	169.8	127.3
International
Disaggregation of Revenue [Line Items]
Revenue		179.1	196.9
International | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		61.6	67.4
International | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		62	70.7
International | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[1]	55.5	$ 58.8
Deposits [Member]
Contract with Customer, changes in customer deposits [Line Items]
Recognition of revenue related to beginning of year customer deposits		(31.4)
Customer deposits received, net of revenue recognized during the period		$ 31.7
[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

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	May 26, 2023	May 27, 2022
Computation of Basic and Diluted Earnings Per Share [Line Items]
Net income (loss)	$ 1.5	$ (11.4)
Impact of participating securities	(0.1)	0.4
Net income used in calculating earnings per share	$ 1.4	$ (11)
Adjustment for participating securities (in millions)	(4.1)	(4)
Basic	$ 0.01	$ (0.10)
Diluted	$ 0.01	$ (0.10)
Anti-dilutive performance units excluded from computation of diluted earnings per share (in millions)		0.4
Including
Computation of Basic and Diluted Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	117.9	116.7
Weighted Average Number of Shares Outstanding, Diluted	118.4	116.7
Excluding
Computation of Basic and Diluted Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	113.8	112.7
Weighted Average Number of Shares Outstanding, Diluted	114.3	112.7

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 26, 2023	May 27, 2022	Feb. 24, 2023	Feb. 25, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (69.7)	$ (69)	$ (72.5)	$ (50.6)
Other comprehensive income (loss) before reclassifications	3.1
Amounts reclassified from accumulated other comprehensive income (loss)	(0.3)
Other comprehensive income (loss)	2.8	(18.4)
Income tax expense (benefit)	1.4	(4.4)
Interest Expense	6.6	6.4
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
Unrealized gain (loss) on investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(0.1)		(0.1)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income (loss)	0
Pension and other post-retirement liability adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	8.7		9.3
Other comprehensive income (loss) before reclassifications	(0.1)
Amounts reclassified from accumulated other comprehensive income (loss)	(0.5)
Other comprehensive income (loss)	(0.6)
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)	(0.5)	(0.3)
Income tax expense (benefit)	0.1	0.1
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	(0.6)	(0.4)
Derivative Amortization
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(5.5)		(5.7)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from accumulated other comprehensive income (loss)	0.2
Other comprehensive income (loss)	0.2
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	0.3
Income tax expense (benefit)	(0.1)	(0.1)
Derivative Amortization | Derivative [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Expense	0.3	$ 0.4
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(72.8)		$ (76)
Other comprehensive income (loss) before reclassifications	3.2
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income (loss)	$ 3.2

Fair Value Narrative (Details)

Fair Value Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	May 26, 2023	Feb. 24, 2023	May 27, 2022	Feb. 25, 2022
Fair Value Disclosures [Abstract]
Debt, Long-term and Short-term, Combined Amount	$ 446.5	$ 481.2
Long-term Debt, Fair Value	379.9	405.9
Fair Value, Option, Quantitative Disclosures [Line Items]
Restricted cash	6.4	6.8	$ 5.9	$ 6.1
Contingent consideration	(9.7)	(9.5)
SCS Viccarbe Habitat, S.L. Q3 FY22
Fair Value, Option, Quantitative Disclosures [Line Items]
Business Combination, Contingent Consideration, Liability	13.9
Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	40.2	90.4
Restricted cash	6.4	6.8
Assets, Fair Value Disclosure	50.5	101.6
Foreign exchange forward contracts	(0.3)	(0.3)
Contingent consideration	(9.7)	(9.5)
Liabilities, Fair Value Disclosure	(10)	(9.8)
Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	1.8	2.3
Fair Value, Recurring [Member] | Auction Rate Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Auction rate security	2.1	2.1
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	40.2	90.4
Restricted cash	6.4	6.8
Assets, Fair Value Disclosure	46.6	97.2
Foreign exchange forward contracts	0	0
Contingent consideration	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	1.8	2.3
Foreign exchange forward contracts	(0.3)	(0.3)
Contingent consideration	0	0
Liabilities, Fair Value Disclosure	(0.3)	(0.3)
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	1.8	2.3
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	2.1	2.1
Foreign exchange forward contracts	0	0
Contingent consideration	(9.7)	(9.5)
Liabilities, Fair Value Disclosure	9.7	9.5
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	2.1	$ 2.1
Unrealized gain on investments	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Contingent Consideration Type [Domain] | SCS Viccarbe Habitat, S.L. Q3 FY22 | Fair Value, Disclosure Item Amounts [Domain]
Fair Value, Option, Quantitative Disclosures [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Contingent Consideration Type [Domain] | SCS Viccarbe Habitat, S.L. Q3 FY22 | Foreign Currency Gain (Loss)
Fair Value, Option, Quantitative Disclosures [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 0.2

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	May 26, 2023	Feb. 24, 2023
Inventories [Abstract]
Raw materials and work-in-process	$ 221	$ 232.8
Finished goods	116.8	118.1
Inventory, net of valuation allowances	337.8	350.9
LIFO reserve	30.5	31.2
Inventory, net of valuation allowances and LIFO reserve	307.3	319.7
LIFO Inventory Amount	$ 140.8	$ 134.1

Debt (Details)

Debt (Details) - USD ($) $ in Millions	3 Months Ended
	May 26, 2023	May 27, 2022
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250
Line of Credit Facility, Additional Borrowing Capacity Available	125
Borrowings on global committed bank facility	67.2	$ 0
Repayments on note payable	$ 32.2	$ 0
Line of Credit | United States of America, Dollars
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate Description	the Applicable Floating Rate Margin in effect plus the greatest of (i) the Prime Rate, (ii) the Federal Funds Effective Rate plus 0.5%, (iii) the Term SOFR Reference Rate for a one-month interest period plus 1.10% or (iv) 0.75%;•the Applicable Term Benchmark/RFR Margin in effect plus (i) for borrowings in U.S. dollars, the Term SOFR Reference Rate plus 0.10%, or (ii) for borrowings in euros, the Adjusted EURIBOR Rate; or•the Applicable Term Benchmark/RFR Margin in effect plus the Daily Simple SOFR Rate plus 0.10%.
Line of Credit
Line of Credit Facility [Line Items]
Borrowings on global committed bank facility	$ 67.2
Repayments on note payable	$ 31.8

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		May 26, 2023	May 27, 2022	Feb. 24, 2023	Feb. 25, 2022
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		$ 4.5		$ 3.5	$ 2.3
Performance and restricted stock units expense		5.4	$ 4.1
Share-based Payment Arrangement, Expense, Tax Benefit		$ 1.4	1
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number		2,375,895		1,060,231
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 10.44		$ 13.11
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		1,315,664
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 8.30
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 3.6
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		2 years 1 month 6 days
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance and restricted stock units expense		$ 8.3	7.9
Share-based Payment Arrangement, Expense, Tax Benefit		$ 2.1	$ 2
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number		4,801,494		3,293,268
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 10.76		$ 12.11
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		1,545,505
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 7.89
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		(12,477)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value		$ 11.78
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		(24,802)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 10.98
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 16.9
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		1 year 9 months 18 days
2024 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		767,600
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
Tranche 1 | 2024 Performance Unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	3.70%
Expected term		3 years
Estimated volatility (2)	[2]	44.10%
Tranche 1 | 2023 Performance Unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	2.60%
Expected term		3 years
Estimated volatility (2)	[2]	52.20%
Tranche 1 | 2022 Performance unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	0.30%
Expected term		3 years
Estimated volatility (2)	[2]	53.50%
Tranche 2 | 2023 Performance Unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	4%
Expected term		2 years
Estimated volatility (2)	[2]	37.80%
Tranche 2 | 2022 Performance unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	2.30%
Expected term		2 years
Estimated volatility (2)	[2]	43.80%
Tranche 3 [Domain] | 2022 Performance unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	4.70%
Expected term		1 year
Estimated volatility (2)	[2]	45.50%
[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 period prior to the grant date which is equivalent to the expected term of the tranche.

Leases, Codification Topic 84_2

Leases, Codification Topic 842 (Details) - USD ($) $ in Millions		3 Months Ended
		May 26, 2023	May 27, 2022
Leases [Abstract]
Operating lease cost		$ 13.6	$ 12.1
Sublease rental income		(0.5)	(0.6)
Operating Lease, Expense		13.1	11.5
Operating cash flows used for operating leases		14.1	13.5
Leased assets obtained in exchange for new operating lease obligations		$ 5	$ 3.2
Operating Lease, Weighted Average Remaining Lease Term		5 years 1 month 6 days	5 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent		4.30%	3.60%
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year		$ 40
Operating Leases, Future Minimum Payments, Due in Two Years		53.3
Operating Leases, Future Minimum Payments, Due in Three Years		42.6
Operating Leases, Future Minimum Payments, Due in Four Years		34
Operating Leases, Future Minimum Payments, Due in Five Years		25.2
Operating Leases, Future Minimum Payments, Due Thereafter		39.2
Operating Leases, Future Minimum Payments Due	[1]	234.3
Operating Lease interest included in future lease payments		24.8
Operating Lease, Liability		$ 209.5
[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) - Halcon Furniture LLC Q2 FY23 $ in Millions	3 Months Ended
	May 26, 2023 USD ($)
Acquisition Details [Line Items]
Business Combination, Consideration Transferred	$ 127.5
Business Combination, Working Capital Adjustment	1.9
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 Tax Deductible Amount	36.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	16.7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	30.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	12.8
Finite-lived Intangible Assets Acquired	51.8
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	3.8
Finite-Lived Intangible Assets, Amortization Expense, Year Two	5.1
Finite-Lived Intangible Assets, Amortization Expense, Year Three	5
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	23.9
Deposits [Member]
Acquisition Details [Line Items]
Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination	$ 24.3
Dealer relationships [Member]
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Finite-lived Intangible Assets Acquired	$ 21.5
Trademarks [Member]
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Finite-lived Intangible Assets Acquired	$ 14
Know-How/Design [Member]
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
Acquisition Details [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 months 12 days
Finite-lived Intangible Assets Acquired	$ 4.3

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended
	May 26, 2023	May 27, 2022	Feb. 24, 2023
Reportable Segments [Abstract]
Segment Reporting, Factors Used to Identify Entity's Reportable Segments	he Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture and architectural products that are marketed to corporate, government, healthcare, education and retail customers primarily through the Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System and Viccarbe brands.The International segment serves customers in EMEA and Asia Pacific with a comprehensive portfolio of furniture and architectural products that are marketed to corporate, government, education and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands.
Segment Reporting Information [Line Items]
Revenue	$ 751.9	$ 740.7
Gross profit	234.6	191.6
Operating income	7.3	(12.6)
Total assets	2,125.5		$ 2,202.8
Goodwill	277		276.8
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	572.8	543.8
Gross profit	183.6	139.1
Operating income	19.8	(10.7)
Total assets	1,579.9		1,631.2
Goodwill	268.4		268.3
International
Segment Reporting Information [Line Items]
Revenue	179.1	196.9
Gross profit	51	52.5
Operating income	(12.5)	$ (1.9)
Total assets	545.6		571.6
Goodwill	$ 8.6		$ 8.5

Restructuring and Related Act_3

Restructuring and Related Activities (Details)	3 Months Ended
	May 26, 2023 USD ($) employee	Feb. 24, 2023 USD ($)	May 27, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 8,100,000		$ 4,200,000
Workforce Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	8,000,000	$ 4,000,000
Payments for Restructuring	(4,100,000)
Workforce Reductions | Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	8,100,000
Americas [Member] | 2023 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated		23
Restructuring and Related Cost, Expected Cost	4,400,000
Restructuring costs	$ 700,000	$ 3,600,000
Americas [Member] | 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	30
Restructuring and Related Cost, Expected Cost	$ 2,000,000
Restructuring costs	$ 600,000
EMEA [Member] | 2024 Restructuring Plan | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	40
EMEA [Member] | 2024 Restructuring Plan | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	50
Asia Pacific | 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	240
International | 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 6,800,000
International | 2024 Restructuring Plan | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	14,000,000
International | 2024 Restructuring Plan | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 17,000,000