Steelcase (SCS) 10-Q 21 Jun 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	May 24, 2024	Jun. 18, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 24, 2024
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	2025
Entity Central Index Key	0001050825
Current Fiscal Year End Date	--02-28
Common Class A [Member]
Entity Common Stock, Shares Outstanding		93,882,671
Common Class B [Member]
Entity Common Stock, Shares Outstanding		20,250,814

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Millions	3 Months Ended
	May 24, 2024	May 26, 2023
Revenue	$ 727.3	$ 751.9
Cost of sales	485.9	515.9
Gross profit	234.4	234.6
Operating expenses	217.5	220.6
Operating income	17.6	7.3
Interest expense	(6.2)	(6.6)
Investment income	2.4	0.5
Other income, net	0.3	1.7
Income before income tax expense	14.1	2.9
Income tax expense	3.2	1.4
Net income	$ 10.9	$ 1.5
Earnings per share
Basic	$ 0.09	$ 0.01
Diluted	0.09	0.01
Dividends declared and paid per common share	$ 0.100	$ 0.100
Cost of Sales
Cost of Sales - Restructuring costs	$ 7	$ 1.4
Operating Expense
Operating Expenses - Restructuring costs	$ (0.7)	$ 6.7

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	May 24, 2024	May 26, 2023
Net income	$ 10.9	$ 1.5
Unrealized gain on investments	0.1	0
Pension and other post-retirement liability adjustments	(0.4)	(0.6)
Derivative amortization	0.2	0.2
Foreign currency translation adjustments	0.4	3.2
Total other comprehensive income (loss), net	0.3	2.8
Comprehensive income	$ 11.2	$ 4.3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	May 24, 2024	Feb. 23, 2024
Assets, Current [Abstract]
Cash and cash equivalents	$ 173.2	$ 318.6
Short-Term Investments	35.7	0
Accounts Receivable, after Allowance for Credit Loss, Current	324.5	338.3
Inventories, net	247.6	231
Prepaid expenses	39.5	31.9
Other Assets, Current	41.7	39.6
Assets, Current, Total	862.2	959.4
Property, Plant and Equipment, Net	348.2	352.9
Company-owned life insurance ("COLI")	168.9	166.9
Deferred income taxes	115.2	115.8
Goodwill	274.7	274.8
Intangible Assets, Net (Excluding Goodwill)	90.5	94.6
Investments in unconsolidated affiliates	55.5	55.7
Operating Lease, Right-of-Use Asset	151.9	168.6
Other Assets, Noncurrent	60.3	48
Assets, Total	2,127.4	2,236.7
Liabilities, Current [Abstract]
Accounts payable	224.6	211.3
Current operating lease obligations	41.7	45.1
Employee compensation	92.5	166.1
Employee benefit plan obligations	21.3	39.9
Accrued promotions	19.7	19.4
Customer deposits	47.4	44.8
Other Accrued Liabilities, Current	87.9	80.5
Liabilities, Current, Total	535.1	607.1
Long-term liabilities:
Long-Term Debt, Excluding Current Maturities	446.5	446.3
Employee benefit plan obligations	98	104.5
Long-term operating lease obligations	122.8	138.6
Other Liabilities, Noncurrent	51.9	53.1
Total long-term liabilities	719.2	742.5
Liabilities, Total	1,254.3	1,349.6
Shareholders' equity:
Additional Paid in Capital	28.3	41.2
Accumulated Other Comprehensive Income (Loss), Net of Tax	(66.6)	(66.9)
Retained earnings	911.4	912.8
Total shareholders’ equity	873.1	887.1
Liabilities and Equity, Total	$ 2,127.4	$ 2,236.7

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	May 24, 2024	Feb. 23, 2024
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 5.8	$ 6.2
Property, plant and equipment, accumulated depreciation	1,126.6	1,119.2
Other intangible assets, accumulated amortization	$ 119.3	$ 115

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. 24, 2023		112,988,721
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances		37,250
Common stock repurchases		(429,624)
Performance and restricted stock units issued as common stock		1,357,239
Common shares outstanding, end of period at May. 26, 2023		113,953,586
Additional paid-in capital, beginning of period at Feb. 24, 2023	[1]		$ 19.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances	[1]		0.3
Common stock repurchases	[1]		3.3
Performance and restricted stock units expense	[1]		13.7
Additional paid-in capital, end of period at May. 26, 2023	[1]		30.1
Accumulated other comprehensive income (loss), beginning of period at Feb. 24, 2023		$ (72.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income		2.8
Accumulated other comprehensive income (loss), end of period at May. 26, 2023		(69.7)
Retained earnings, beginning of period at Feb. 24, 2023		879.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		1.5
Dividends paid		(12.1)
Retained earnings, end of period at May. 26, 2023		868.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		829.1
Stockholders' Equity Attributable to Parent		$ 887.1
Common shares outstanding, beginning of period at Feb. 23, 2024		114,227,372
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances		21,552
Common stock repurchases		(2,201,146)
Performance and restricted stock units issued as common stock		2,063,401
Common shares outstanding, end of period at May. 24, 2024		114,111,179
Additional paid-in capital, beginning of period at Feb. 23, 2024		$ 41.2	41.2	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issuances	[1]		0.3
Common stock repurchases	[1]		27.7
Performance and restricted stock units expense	[1]		14.5
Additional paid-in capital, end of period at May. 24, 2024		28.3	$ 28.3	[1]
Accumulated other comprehensive income (loss), beginning of period at Feb. 23, 2024		(66.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income		0.3
Accumulated other comprehensive income (loss), end of period at May. 24, 2024		(66.6)
Retained earnings, beginning of period at Feb. 23, 2024		912.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		10.9
Dividends paid		(12.3)
Retained earnings, end of period at May. 24, 2024		911.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		$ 873.1
[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 24, 2024	May 26, 2023
OPERATING ACTIVITIES
Net income		$ 10.9	$ 1.5
Depreciation and amortization		20.2	20.4
Share-based compensation		14.8	14
Restructuring costs		6.3	8.1
Other Operating Activities, Cash Flow Statement		(0.9)	(1.3)
Changes in operating assets and liabilities net of acquisitions:
Increase (Decrease) in Accounts Receivable		13.6	11.3
Increase (Decrease) in Inventories		(16.7)	12.1
Increase (Decrease) in Cloud computing arrangements expenditures		(10.9)	0
Increase (Decrease) in Other Operating Assets		(10.8)	(3.2)
Increase (Decrease) in Accounts Payable		11.6	11.3
Increase (Decrease) in Other Employee-Related Liabilities		(81.7)	(49.1)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits		(25.9)	(19.3)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities		10.4	5.5
Net cash provided by operating activities		(59.1)	11.3
INVESTING ACTIVITIES
Capital expenditures		(12.1)	(11.7)
Payments to Acquire Short-term Investments		(36.2)	0
Liquidations of short-term investments		0.5	0
Payments for (Proceeds from) Other Investing Activities		1.2	0.5
Net Cash Provided by (Used in) Investing Activities, Total		(46.6)	(11.2)
FINANCING ACTIVITIES
Dividends paid		(12.3)	(12.1)
Payments for Repurchase of Common Stock		(27.7)	(3.3)
Borrowings on global committed bank facility		0	67.2
Repayments on global committed bank facility		0	(67.2)
Repayments on note payable		0	(32.2)
Proceeds from (Payments for) Other Financing Activities		0	(2.7)
Net Cash Provided by (Used in) Financing Activities, Total		(40)	(50.3)
Effect of exchange rate changes on cash and cash equivalents		0.1	(0.4)
Net decrease in cash, cash equivalents and restricted cash		(145.6)	(50.6)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	[1]	325.9	97.2
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	[2]	180.3	46.6
Restricted Cash		$ 7.1	$ 6.4
[1] These amounts include restricted cash of $7.3 and $6.8 as of February 23, 2024 and February 24, 2023, respectively. These amounts include restricted cash of $7.1 and $6.4 as of May 24, 2024 and May 26, 2023, respectively.

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	May 24, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions in Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and adjustments) considered necessary for a fair presentation of the condensed consolidated financial statements have been included. Results for interim periods should not be considered indicative of results to be expected for a full year. Reference should be made to the consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the fiscal year ended February 23, 2024 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 23, 2024 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 24, 2024
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 In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures, which is intended to improve disclosures related to significant segment expenses and the information used by the chief operating decision maker ("CODM") to assess segment performance and to allocate resources. We adopted this guidance on a retrospective basis and will modify our annual disclosures beginning in Q4 2025 and interim disclosures thereafter. The adoption of this guidance is not expected to have a material effect on our consolidated financial statements. Accounting Standards Issued But Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures, which is intended to improve income tax disclosures, specifically related to additional detail required in the effective tax rate reconciliation and the disaggregation of income taxes paid. The guidance is effective for fiscal years beginning after December 15, 2024. We expect the adoption of this guidance will modify our disclosures, but we do not expect it to have a material effect on our consolidated financial statements.

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	May 24, 2024
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 24, May 26, Americas Desking, benching, systems and storage $ 255.5 $ 250.2 Seating 144.6 152.8 Other (1) 154.3 169.8 International Desking, benching, systems and storage 56.8 61.6 Seating 64.5 62.0 Other (1) 51.6 55.5 $ 727.3 $ 751.9 _______________________________________ (1) The other product category data by segment consists primarily of third-party products, 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 24, May 26, United States $ 513.3 $ 532.7 Foreign locations 214.0 219.2 $ 727.3 $ 751.9 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 24, 2024 are as follows: Roll-Forward of Contract Liability for Customer Deposits Customer Deposits Balance as of February 23, 2024 $ 44.8 Recognition of revenue related to beginning of year customer deposits (27.4) Customer deposits received, net of revenue recognized during the period 30.0 Balance as of May 24, 2024 $ 47.4

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	May 24, 2024
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Earnings per share is computed using the two-class method. The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings. Participating securities represent restricted stock units in which the participants have non-forfeitable rights to dividend equivalents during the performance period. Diluted earnings per share includes the effects of certain performance units in which the participants have forfeitable rights to dividend equivalents during the performance period. Computation of Three Months Ended May 24, 2024 Three Months Ended May 26, 2023 Net Income Basic Shares Diluted Shares Net Income Basic Shares Diluted Shares Amounts used in calculating earnings per share $ 10.9 118.4 119.1 $ 1.5 117.9 118.4 Impact of participating securities (0.3) (3.6) (3.6) (0.1) (4.1) (4.1) Amounts used in calculating earnings per share, excluding participating securities $ 10.6 114.8 115.5 $ 1.4 113.8 114.3 Earnings per share $ 0.09 $ 0.09 $ 0.01 $ 0.01 There were no anti-dilutive performance units excluded from the computation of diluted earnings per share for the three months ended May 24, 2024 and May 26, 2023.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	May 24, 2024
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 24, 2024: Unrealized gain on investments Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of February 23, 2024 $ 0.4 $ 5.9 $ (4.7) $ (68.5) $ (66.9) Other comprehensive income before reclassifications 0.1 — — 0.4 0.5 Amounts reclassified from accumulated other comprehensive income (loss) — (0.4) 0.2 — (0.2) Net other comprehensive income (loss) during the period 0.1 (0.4) 0.2 0.4 0.3 Balance as of May 24, 2024 $ 0.5 $ 5.5 $ (4.5) $ (68.1) $ (66.6) The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the three months ended May 24, 2024 and May 26, 2023: Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Income Three Months Ended May 24, May 26, Amortization of pension and other post-retirement actuarial gains $ (0.5) $ (0.6) Other income, net Income tax expense 0.1 0.1 Income tax expense (0.4) (0.5) Derivative amortization 0.3 0.3 Interest expense Income tax benefit (0.1) (0.1) Income tax expense 0.2 0.2 Total reclassifications $ (0.2) $ (0.3)

Fair Value

Fair Value	3 Months Ended
	May 24, 2024
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 and certain other liabilities, approximate their fair value due to their relatively short maturities. Our short-term investments, 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 $446.3 as of May 24, 2024 and February 23, 2024, 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 $419.5 and $423.0 as of May 24, 2024 and February 23, 2024, respectively. The estimation of the fair value of our total debt is based on Level 2 fair value measurements. In Q1 2025, we invested $35.7 in a managed investment portfolio which consists of corporate debt securities, asset-backed securities and U.S. government debt securities. These investments are considered available-for-sale and are classified as Short-term investments on the Condensed Consolidated Balance Sheets. Our investment manager operates under a mandate to keep the average duration of investments under two years. Fair values for these investments are based upon valuations for identical or similar instruments in active markets, with the resulting net unrealized holding gains or losses reflected net of tax as a component of Accumulated other comprehensive income (loss) on the Condensed Consolidated Balance Sheets. The cost basis for these investments, determined using the specific identification method, was $35.7 as of May 24, 2024. Of our total short-term investments, $6.5 mature within one year and $29.2 mature after one year through five years. 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 $14.1 (or €13.0) is payable to the sellers based upon the achievement of certain revenue and operating income targets over a three-year period ending Q4 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. As of May 24, 2024, the fair value of the contingent consideration was $0.0 based upon current projections for the Viccarbe business over the earnout period. The settlement of the contingent consideration could vary from this estimate based upon actual operating performance of the business during the earnout period compared to the underlying assumptions used in the estimation of fair value, including revenue and operating income projections, and changes to discount rates. Assets and liabilities measured at fair value within our Condensed Consolidated Balance Sheets as of May 24, 2024 and February 23, 2024 are summarized below: Fair Value of Financial Instruments May 24, 2024 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 173.2 $ — $ — $ 173.2 Restricted cash 7.1 — — 7.1 Managed investment portfolio and other investments Corporate debt securities - domestic — 13.8 — 13.8 Corporate debt securities - foreign — 4.8 — 4.8 Asset-backed securities — 9.9 — 9.9 U.S. government debt securities 7.2 — — 7.2 Foreign exchange forward contracts — 1.0 — 1.0 Auction rate security — — 2.8 2.8 $ 187.5 $ 29.5 $ 2.8 $ 219.8 Liabilities: Foreign exchange forward contracts $ — $ (0.4) $ — $ (0.4) Contingent consideration — — — — $ — $ (0.4) $ — $ (0.4) Fair Value of Financial Instruments February 23, 2024 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 318.6 $ — $ — $ 318.6 Restricted cash 7.3 — — 7.3 Foreign exchange forward contracts — 0.8 — 0.8 Auction rate security — — 2.8 2.8 $ 325.9 $ 0.8 $ 2.8 $ 329.5 Liabilities: Foreign exchange forward contracts $ — $ (0.5) $ — $ (0.5) Contingent consideration — — — — $ — $ (0.5) $ — $ (0.5)

Inventories

Inventories	3 Months Ended
	May 24, 2024
Inventories [Abstract]
Inventories	INVENTORIES Inventories, net May 24, February 23, Raw materials and work-in-process $ 173.1 $ 164.5 Finished goods 103.9 95.9 277.0 260.4 Revaluation to LIFO (29.4) (29.4) $ 247.6 $ 231.0 The portion of inventories determined by the LIFO method aggregated to $129.7 and $111.7 as of May 24, 2024 and February 23, 2024, respectively.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	May 24, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	. SHARE-BASED COMPENSATION Performance Units In Q1 2025, we issued 465,300 performance units ("PSUs") to certain employees which are earned over the period of 2025 through 2027 (the "2025 PSUs"). These PSUs are earned based on performance conditions and a market condition which were established by the Compensation Committee in Q1 2025, and thus the 2025 PSUs were considered granted in Q1 2025. In Q1 2024 and Q1 2023, we issued 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, as follows: • 767,600 PSUs to be earned over the period of 2024 through 2026 (the "2024 PSUs") and • 428,700 PSUs to be earned over the period of 2023 through 2025 (the "2023 PSUs"). The number of PSUs earned under the 2024 PSUs and the 2023 PSUs are 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 for these PSUs, 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 24, 2024, the 2024 PSUs and 2023 PSUs were considered granted as follows: • In Q1 2025, the performance conditions were established for Tranche 2 of the 2024 PSUs and Tranche 3 of the 2023 PSUs, and accordingly, such tranches were considered granted in Q1 2025. • In Q1 2024, the performance conditions were established for Tranche 1 of the 2024 PSUs and Tranche 2 of the 2023 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 accordingly, such tranche was considered granted in Q1 2023. Once granted, the PSUs are expensed and recorded in Additional paid-in capital on the Condensed Consolidated Balance Sheets over the remaining performance period. The expense for PSUs is determined based on the probability that the performance conditions will be met, and if applicable, the fair value of the market condition on the grant date. 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 Steelcase Inc. Incentive Compensation Plan ("Incentive Compensation Plan"). 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 $6.7, $3.2 and $1.7 for the PSUs with market conditions granted in 2025, 2024 and 2023, respectively, that remained outstanding as of May 24, 2024. The Monte Carlo simulation was computed using the following assumptions: 2025 PSUs 2024 PSUs 2023 PSUs Tranche 2 Tranche 1 Tranche 3 Tranche 2 Tranche 1 Risk-free interest rate (1) 7.7 % 4.9 % 3.7 % 5.2 % 4.0 % 2.6 % Expected term 3 years 2 years 3 years 1 year 2 years 3 years Estimated volatility (2) 38.5 % 42.4 % 44.1 % 38.9 % 37.8 % 52.2 % _______________________________________ (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 or award. The total PSU expense and associated tax benefit recorded during the three months ended May 24, 2024 and May 26, 2023 are as follows: Three Months Ended Performance Units May 24, May 26, Expense $ 7.5 $ 5.4 Tax benefit 1.9 1.4 After completion of the performance period, the number of PSUs earned will be issued as shares of Class A Common Stock. A dividend equivalent is calculated based on the actual number of PSUs earned at the end of the performance period equal to the dividends that would have been payable on the earned PSUs had they been held during the entire performance period as Class A Common Stock. At the end of the performance period, the dividend equivalents are paid in the form of cash. The PSU activity for the three months ended May 24, 2024 is as follows: Maximum Number of Shares of Nonvested Units Total Weighted-Average Nonvested as of February 23, 2024 1,299,988 $ 9.51 Granted 1,887,648 13.27 Forfeited (105,600) 11.20 Nonvested as of May 24, 2024 3,082,036 $ 11.84 As of May 24, 2024, there was $7.7 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 three months ended May 24, 2024, we awarded 1,018,610 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 24, 2024 and May 26, 2023 are as follows: Three Months Ended Restricted Stock Units May 24, May 26, Expense $ 7.0 $ 8.3 Tax benefit 1.7 2.1 Holders of RSUs receive cash dividends equal to the dividends we declare and pay on our Class A Common Stock, which are included in Dividends paid in the Condensed Consolidated Statements of Cash Flows. The RSU activity for the three months ended May 24, 2024 is as follows: Nonvested Units Total Weighted-Average Nonvested as of February 23, 2024 3,151,634 $ 9.59 Granted 1,018,610 12.24 Vested (102,900) 14.31 Forfeited (42,150) 9.26 Nonvested as of May 24, 2024 4,025,194 $ 10.14 As of May 24, 2024, there was $14.5 of remaining unrecognized compensation expense related to nonvested RSUs, which is expected to be recognized over a remaining weighted-average period of 2.1 years.

Leases, Codification Topic 842

Leases, Codification Topic 842	3 Months Ended
	May 24, 2024
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 24, 2024 and May 26, 2023 are as follows: Three Months Ended May 24, May 26, Operating lease cost $ 12.6 $ 13.6 Sublease rental income (1.2) (0.5) $ 11.4 $ 13.1 Supplemental cash flow and other information related to leases during the three months ended May 24, 2024 and May 26, 2023 is as follows: Three Months Ended May 24, May 26, Cash flow information: Operating cash flows used for operating leases $ 14.1 $ 14.1 Leased assets obtained in exchange for new operating lease obligations 13.4 5.0 As of May 24, 2024 and February 23, 2024, the weighted-average remaining lease terms were 4.6 years and 4.8 years, respectively, and the weighted-average discount rates were 5.2% and 4.8%, respectively. The following table summarizes the future minimum lease payments as of May 24, 2024: Fiscal year ending in February Amount (1) 2025 $ 36.9 2026 44.1 2027 35.4 2028 26.4 2029 17.8 Thereafter 25.5 Total lease payments 186.1 Less: Interest (21.6) Present value of lease liabilities $ 164.5 _______________________________________ (1) Lease payments include

Reportable Segments

Reportable Segments	3 Months Ended
	May 24, 2024
Reportable Segments [Abstract]
Reportable Segments	REPORTABLE SEGMENTS The operating segments regularly reviewed by our Chief Executive Officer in the capacity as 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 aggregate the EMEA and Asia Pacific operating segments as an International segment based upon their similarity in quantitative and qualitative characteristics as defined in the Accounting Standards Codification ("ASC") 280, Segment Reporting . We evaluate 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 conclude that these operating segments meet the criteria for aggregation consistent with the basic principles and objectives of segment reporting described in ASC 280. The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture, architectural, textile and surface imaging 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, healthcare, education and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands. Revenue, gross profit and operating income (loss) for the three months ended May 24, 2024 and May 26, 2023 and total assets and goodwill as of May 24, 2024 and February 23, 2024 by segment are presented in the following tables: Three Months Ended Reportable Segment Statement of Income Data May 24, May 26, Revenue Americas $ 554.4 $ 572.8 International 172.9 179.1 $ 727.3 $ 751.9 Gross Profit Americas $ 185.4 $ 183.6 International 49.0 51.0 $ 234.4 $ 234.6 Operating Income (Loss) Americas $ 18.5 $ 19.8 International (0.9) (12.5) $ 17.6 $ 7.3 Reportable Segment Balance Sheet Data May 24, February 23, Total assets Americas $ 1,610.6 $ 1,705.5 International 516.8 531.2 $ 2,127.4 $ 2,236.7 Goodwill Americas $ 266.0 $ 266.1 International 8.7 8.7 $ 274.7 $ 274.8

Restructuring and Related Activ

Restructuring and Related Activities	3 Months Ended
	May 24, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	RESTRUCTURING ACTIVITIES 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 involved 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 total restructuring costs of approximately $16 to $18 in the International segment and approximately $1 in the Americas segment related to these actions, consisting of cash severance payments and other separation-related benefits. We recorded a benefit of $0.9 in the International segment in Q1 2025 due to a reduction in the expected costs for employee exits. We previously incurred restructuring costs of $16.3 in the International segment and $0.6 in the Americas segment for these actions during 2024. These actions are substantially complete. In Q3 2024, we initiated a series of restructuring actions to reallocate production of our product portfolio across our industrial footprint to take advantage of manufacturing centers of excellence. These actions involve the involuntary terminations of approximately 15 positions in the Americas segment. We expect to incur total restructuring costs of approximately $2 to $3 related to these actions consisting of cash severance payments, other separation-related benefits, and other related costs. We incurred restructuring costs of $0.1 in Q1 2025. We previously incurred restructuring costs of $1.1 for these actions during 2024. We expect these actions to be substantially completed by the end of 2025. In Q4 2024, we initiated restructuring actions to move a regional distribution center in the Americas segment. These actions involved the involuntary terminations of approximately 50 to 55 positions and the relocation of approximately 15 positions. We expect to incur total restructuring costs of approximately $3 related to these actions consisting of cash severance payments, other separation-related benefits, and other related costs. We incurred restructuring costs of $1.7 for these actions in Q1 2025. We previously incurred restructuring costs of $0.7 for these actions during 2024. We expect these actions to be substantially completed by the end of 2025. In Q4 2024, we initiated a series of restructuring actions to enhance our long-term operational effectiveness in Asia Pacific. These actions involve the involuntary terminations of approximately 100 positions in Asia Pacific. We expect to incur total restructuring costs of approximately $4 in the International segment related to these actions, consisting of cash severance payments, other separation-related benefits, and other related costs. We incurred restructuring costs of $0.2 for these actions in Q1 2025. We previously recorded $2.5 related to employee termination costs and $0.4 related to the impairment of a right-of-use operating lease asset for these actions during 2024. We expect these actions to be substantially completed by the end of 2025. In Q1 2025, we initiated restructuring actions to close a regional distribution center in EMEA. These actions involve the involuntary terminations of approximately 20 positions. We expect to incur restructuring costs of approximately $3 in the International segment related to these actions, consisting of cash severance payments and other separation-related benefits. We incurred restructuring costs of $2.7 for these actions in Q1 2025. We expect these actions to be substantially completed by the end of 2025. In Q1 2025, we initiated a series of restructuring actions to realign our operations organization to optimize efficiency in the Americas segment. These actions involve the voluntary and involuntary terminations of approximately 100 positions. We expect to incur restructuring costs of approximately $3 related to these actions, consisting of cash severance payments and other separation-related benefits. We incurred restructuring costs of $2.6 for these actions in Q1 2025. We expect these actions to be substantially completed by the end of 2025. The following table details the changes in the restructuring reserve balance for the three months ended May 24, 2024: Workforce reductions Business exit and related costs Total Balance as of February 23, 2024 $ 12.3 $ — $ 12.3 Additions 6.0 1.4 7.4 Payments (6.6) (1.4) (8.0) Adjustments (1.3) — (1.3) Balance as of May 24, 2024 $ 10.4 $ — $ 10.4

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 24, 2024
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 24, May 26, Americas Desking, benching, systems and storage $ 255.5 $ 250.2 Seating 144.6 152.8 Other (1) 154.3 169.8 International Desking, benching, systems and storage 56.8 61.6 Seating 64.5 62.0 Other (1) 51.6 55.5 $ 727.3 $ 751.9 _______________________________________ (1) The other product category data by segment consists primarily of third-party products, 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 24, May 26, United States $ 513.3 $ 532.7 Foreign locations 214.0 219.2 $ 727.3 $ 751.9
Contract with Customer, changes in customer deposits	Changes in the Customer deposits balance for the three months ended May 24, 2024 are as follows: Roll-Forward of Contract Liability for Customer Deposits Customer Deposits Balance as of February 23, 2024 $ 44.8 Recognition of revenue related to beginning of year customer deposits (27.4) Customer deposits received, net of revenue recognized during the period 30.0 Balance as of May 24, 2024 $ 47.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	May 24, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	Computation of Three Months Ended May 24, 2024 Three Months Ended May 26, 2023 Net Income Basic Shares Diluted Shares Net Income Basic Shares Diluted Shares Amounts used in calculating earnings per share $ 10.9 118.4 119.1 $ 1.5 117.9 118.4 Impact of participating securities (0.3) (3.6) (3.6) (0.1) (4.1) (4.1) Amounts used in calculating earnings per share, excluding participating securities $ 10.6 114.8 115.5 $ 1.4 113.8 114.3 Earnings per share $ 0.09 $ 0.09 $ 0.01 $ 0.01

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	May 24, 2024
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 24, 2024: Unrealized gain on investments Pension and other post-retirement liability adjustments Derivative amortization Foreign currency translation adjustments Total Balance as of February 23, 2024 $ 0.4 $ 5.9 $ (4.7) $ (68.5) $ (66.9) Other comprehensive income before reclassifications 0.1 — — 0.4 0.5 Amounts reclassified from accumulated other comprehensive income (loss) — (0.4) 0.2 — (0.2) Net other comprehensive income (loss) during the period 0.1 (0.4) 0.2 0.4 0.3 Balance as of May 24, 2024 $ 0.5 $ 5.5 $ (4.5) $ (68.1) $ (66.6)
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 24, 2024 and May 26, 2023: Detail of Accumulated Other Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line in the Condensed Consolidated Statements of Income Three Months Ended May 24, May 26, Amortization of pension and other post-retirement actuarial gains $ (0.5) $ (0.6) Other income, net Income tax expense 0.1 0.1 Income tax expense (0.4) (0.5) Derivative amortization 0.3 0.3 Interest expense Income tax benefit (0.1) (0.1) Income tax expense 0.2 0.2 Total reclassifications $ (0.2) $ (0.3)

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	May 24, 2024
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 24, 2024 and February 23, 2024 are summarized below: Fair Value of Financial Instruments May 24, 2024 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 173.2 $ — $ — $ 173.2 Restricted cash 7.1 — — 7.1 Managed investment portfolio and other investments Corporate debt securities - domestic — 13.8 — 13.8 Corporate debt securities - foreign — 4.8 — 4.8 Asset-backed securities — 9.9 — 9.9 U.S. government debt securities 7.2 — — 7.2 Foreign exchange forward contracts — 1.0 — 1.0 Auction rate security — — 2.8 2.8 $ 187.5 $ 29.5 $ 2.8 $ 219.8 Liabilities: Foreign exchange forward contracts $ — $ (0.4) $ — $ (0.4) Contingent consideration — — — — $ — $ (0.4) $ — $ (0.4) Fair Value of Financial Instruments February 23, 2024 Level 1 Level 2 Level 3 Total Assets: Cash and cash equivalents $ 318.6 $ — $ — $ 318.6 Restricted cash 7.3 — — 7.3 Foreign exchange forward contracts — 0.8 — 0.8 Auction rate security — — 2.8 2.8 $ 325.9 $ 0.8 $ 2.8 $ 329.5 Liabilities: Foreign exchange forward contracts $ — $ (0.5) $ — $ (0.5) Contingent consideration — — — — $ — $ (0.5) $ — $ (0.5)

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	May 24, 2024
Inventories [Abstract]
Schedule of Inventory	Inventories, net May 24, February 23, Raw materials and work-in-process $ 173.1 $ 164.5 Finished goods 103.9 95.9 277.0 260.4 Revaluation to LIFO (29.4) (29.4) $ 247.6 $ 231.0

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	May 24, 2024
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: 2025 PSUs 2024 PSUs 2023 PSUs Tranche 2 Tranche 1 Tranche 3 Tranche 2 Tranche 1 Risk-free interest rate (1) 7.7 % 4.9 % 3.7 % 5.2 % 4.0 % 2.6 % Expected term 3 years 2 years 3 years 1 year 2 years 3 years Estimated volatility (2) 38.5 % 42.4 % 44.1 % 38.9 % 37.8 % 52.2 % _______________________________________ (1) Based on the U.S. Government bond benchmark on the grant date. (2)
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 24, 2024 and May 26, 2023 are as follows: Three Months Ended Performance Units May 24, May 26, Expense $ 7.5 $ 5.4 Tax benefit 1.9 1.4 The total RSU expense and associated tax benefit for the three months ended May 24, 2024 and May 26, 2023 are as follows: Three Months Ended Restricted Stock Units May 24, May 26, Expense $ 7.0 $ 8.3 Tax benefit 1.7 2.1
Share-based Payment Arrangement, Performance Shares, Activity	The PSU activity for the three months ended May 24, 2024 is as follows: Maximum Number of Shares of Nonvested Units Total Weighted-Average Nonvested as of February 23, 2024 1,299,988 $ 9.51 Granted 1,887,648 13.27 Forfeited (105,600) 11.20 Nonvested as of May 24, 2024 3,082,036 $ 11.84 As of May 24, 2024, there was $7.7 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 three months ended May 24, 2024 is as follows: Nonvested Units Total Weighted-Average Nonvested as of February 23, 2024 3,151,634 $ 9.59 Granted 1,018,610 12.24 Vested (102,900) 14.31 Forfeited (42,150) 9.26 Nonvested as of May 24, 2024 4,025,194 $ 10.14

Leases, Codification Topic 842

Leases, Codification Topic 842 (Tables)	3 Months Ended
	May 24, 2024
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense during the three months ended May 24, 2024 and May 26, 2023 are as follows: Three Months Ended May 24, May 26, Operating lease cost $ 12.6 $ 13.6 Sublease rental income (1.2) (0.5) $ 11.4 $ 13.1
Lessee, Lease, Supplemental cash flow and other information	Supplemental cash flow and other information related to leases during the three months ended May 24, 2024 and May 26, 2023 is as follows: Three Months Ended May 24, May 26, Cash flow information: Operating cash flows used for operating leases $ 14.1 $ 14.1 Leased assets obtained in exchange for new operating lease obligations 13.4 5.0 As of May 24, 2024 and February 23, 2024, the weighted-average remaining lease terms were 4.6 years and 4.8 years, respectively, and the weighted-average discount rates were 5.2% and 4.8%, respectively.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes the future minimum lease payments as of May 24, 2024: Fiscal year ending in February Amount (1) 2025 $ 36.9 2026 44.1 2027 35.4 2028 26.4 2029 17.8 Thereafter 25.5 Total lease payments 186.1 Less: Interest (21.6) Present value of lease liabilities $ 164.5 _______________________________________ (1) Lease payments include

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	May 24, 2024
Reportable Segments [Abstract]
Schedule of Segment Reporting Information	Revenue, gross profit and operating income (loss) for the three months ended May 24, 2024 and May 26, 2023 and total assets and goodwill as of May 24, 2024 and February 23, 2024 by segment are presented in the following tables: Three Months Ended Reportable Segment Statement of Income Data May 24, May 26, Revenue Americas $ 554.4 $ 572.8 International 172.9 179.1 $ 727.3 $ 751.9 Gross Profit Americas $ 185.4 $ 183.6 International 49.0 51.0 $ 234.4 $ 234.6 Operating Income (Loss) Americas $ 18.5 $ 19.8 International (0.9) (12.5) $ 17.6 $ 7.3 Reportable Segment Balance Sheet Data May 24, February 23, Total assets Americas $ 1,610.6 $ 1,705.5 International 516.8 531.2 $ 2,127.4 $ 2,236.7 Goodwill Americas $ 266.0 $ 266.1 International 8.7 8.7 $ 274.7 $ 274.8

Restructuring and Related Act_2

Restructuring and Related Activities (Tables)	3 Months Ended
	May 24, 2024
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 24, 2024: Workforce reductions Business exit and related costs Total Balance as of February 23, 2024 $ 12.3 $ — $ 12.3 Additions 6.0 1.4 7.4 Payments (6.6) (1.4) (8.0) Adjustments (1.3) — (1.3) Balance as of May 24, 2024 $ 10.4 $ — $ 10.4

Basis Of Presentation (Details)

Basis Of Presentation (Details)	3 Months Ended
	May 24, 2024
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 23, 2024 (“Form 10-K”). The Condensed Consolidated Balance Sheet as of February 23, 2024 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)	3 Months Ended
	May 24, 2024
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. Adoption of New Accounting StandardsIn November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures, which is intended to improve disclosures related to significant segment expenses and the information used by the chief operating decision maker ("CODM") to assess segment performance and to allocate resources. We adopted this guidance on a retrospective basis and will modify our annual disclosures beginning in Q4 2025 and interim disclosures thereafter. The adoption of this guidance is not expected to have a material effect on our consolidated financial statements.Accounting Standards Issued But Not Yet AdoptedIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures, which is intended to improve income tax disclosures, specifically related to additional detail required in the effective tax rate reconciliation and the disaggregation of income taxes paid. The guidance is effective for fiscal years beginning after December 15, 2024. We expect the adoption of this guidance will modify our disclosures, but we do not expect it to have a material effect on our consolidated financial statements.

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions		3 Months Ended
		May 24, 2024	May 26, 2023	Feb. 23, 2024
Disaggregation of Revenue [Line Items]
Revenue		$ 727.3	$ 751.9
Contract with Customer, changes in customer deposits [Line Items]
Contract with Customer, Liability		47.4		$ 44.8
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue		513.3	532.7
Non-US
Disaggregation of Revenue [Line Items]
Revenue		214	219.2
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue		554.4	572.8
Americas [Member] | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		255.5	250.2
Americas [Member] | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		144.6	152.8
Americas [Member] | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[1]	154.3	169.8
International
Disaggregation of Revenue [Line Items]
Revenue		172.9	179.1
International | Systems and storage [Member]
Disaggregation of Revenue [Line Items]
Revenue		56.8	61.6
International | Seating [Member]
Disaggregation of Revenue [Line Items]
Revenue		64.5	62
International | Other Product Category [Member]
Disaggregation of Revenue [Line Items]
Revenue	[1]	51.6	$ 55.5
Deposits [Member]
Contract with Customer, changes in customer deposits [Line Items]
Recognition of revenue related to beginning of year customer deposits		(27.4)
Customer deposits received, net of revenue recognized during the period		$ 30
[1]The other product category data by segment consists primarily of third-party products, 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 24, 2024	May 26, 2023
Computation of Basic and Diluted Earnings Per Share [Line Items]
Net income	$ 10.9	$ 1.5
Impact of participating securities	(0.3)	(0.1)
Net income used in calculating earnings per share	$ 10.6	$ 1.4
Adjustment for participating securities (in millions)	(3.6)	(4.1)
Basic	$ 0.09	$ 0.01
Diluted	$ 0.09	$ 0.01
Including
Computation of Basic and Diluted Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	118.4	117.9
Weighted Average Number of Shares Outstanding, Diluted	119.1	118.4
Excluding
Computation of Basic and Diluted Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	114.8	113.8
Weighted Average Number of Shares Outstanding, Diluted	115.5	114.3

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	May 24, 2024	May 26, 2023	Feb. 23, 2024	Feb. 24, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (66.6)	$ (69.7)	$ (66.9)	$ (72.5)
Other comprehensive income before reclassifications	0.5
Amounts reclassified from accumulated other comprehensive income (loss)	(0.2)
Other comprehensive income	0.3	2.8
Income tax expense	3.2	1.4
Interest Expense	6.2	6.6
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)
Unrealized gain (loss) on investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	0.5		0.4
Other comprehensive income before reclassifications	0.1
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income	0.1
Pension and other post-retirement liability adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	5.5		5.9
Other comprehensive income before reclassifications	0
Amounts reclassified from accumulated other comprehensive income (loss)	(0.4)
Other comprehensive income	(0.4)
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)	(0.4)	(0.5)
Income tax expense	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	(0.5)	(0.6)
Derivative Amortization
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(4.5)		(4.7)
Other comprehensive income before reclassifications	0
Amounts reclassified from accumulated other comprehensive income (loss)	0.2
Other comprehensive income	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	0.2
Income tax expense	(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	$ 0.3
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(68.1)		$ (68.5)
Other comprehensive income before reclassifications	0.4
Amounts reclassified from accumulated other comprehensive income (loss)	0
Other comprehensive income	$ 0.4

Fair Value Narrative (Details)

Fair Value Narrative (Details) - USD ($) $ in Millions	May 24, 2024	Feb. 23, 2024	May 26, 2023	Feb. 24, 2023
Fair Value Disclosures [Abstract]
Debt, Long-term and Short-term, Combined Amount	$ 446.5	$ 446.3
Long-term Debt, Fair Value	419.5	423
Short-Term Investments	35.7	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	29.2
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	6.5
Business Combination, Contingent Consideration, Liability	14.1
Fair Value, Option, Quantitative Disclosures [Line Items]
Restricted Cash	7.1	7.3	$ 6.4	$ 6.8
Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	173.2	318.6
Restricted Cash	7.1	7.3
Assets, Fair Value Disclosure	219.8	329.5
Liabilities, Fair Value Disclosure	(0.4)	(0.5)
Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Foreign exchange forward contracts	1	0.8
Foreign exchange forward contracts	(0.4)	(0.5)
Fair Value, Recurring [Member] | Auction Rate Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Auction rate security	2.8	2.8
Fair Value, Recurring [Member] | Contingent Consideration Type [Domain]
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration	0	0
Fair Value, Recurring [Member] | Debt Security, Corporate, US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	13.8
Fair Value, Recurring [Member] | Debt Security, Corporate, Non-US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	4.8
Fair Value, Recurring [Member] | Asset-backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	9.9
Fair Value, Recurring [Member] | US Treasury Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	7.2
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Cash and cash equivalents	173.2	318.6
Restricted Cash	7.1	7.3
Assets, Fair Value Disclosure	187.5	325.9
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
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 1 | Fair Value, Recurring [Member] | Contingent Consideration Type [Domain]
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration	0	0
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member] | Debt Security, Corporate, US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	0
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member] | Debt Security, Corporate, Non-US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	0
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member] | Asset-backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	0
Fair Value, Inputs, Level 1 | Fair Value, Recurring [Member] | US Treasury Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	7.2
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	29.5	0.8
Liabilities, Fair Value Disclosure	(0.4)	(0.5)
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	0.8
Foreign exchange forward contracts	(0.4)	(0.5)
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 2 | Fair Value, Recurring [Member] | Contingent Consideration Type [Domain]
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration	0	0
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Debt Security, Corporate, US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	13.8
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Debt Security, Corporate, Non-US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	4.8
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | Asset-backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	9.9
Fair Value, Inputs, Level 2 | Fair Value, Recurring [Member] | US Treasury Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	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	2.8	2.8
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
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	2.8	2.8
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Contingent Consideration Type [Domain]
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration	0	$ 0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Debt Security, Corporate, US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Debt Security, Corporate, Non-US
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Asset-backed Securities [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Treasury Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Investments, Fair Value Disclosure	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	May 24, 2024	Feb. 23, 2024
Inventories [Abstract]
Raw materials and work-in-process	$ 173.1	$ 164.5
Finished goods	103.9	95.9
Inventory, net of valuation allowances	277	260.4
LIFO reserve	(29.4)	(29.4)
Inventory, net of valuation allowances and LIFO reserve	247.6	231
LIFO Inventory Amount	$ 129.7	$ 111.7

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		May 24, 2024	May 26, 2023	Feb. 23, 2024	Feb. 24, 2023
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		$ 6.7		$ 3.2	$ 1.7
Performance and restricted stock units expense		7.5	$ 5.4
Share-based Payment Arrangement, Expense, Tax Benefit		$ 1.9	1.4
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number		3,082,036		1,299,988
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 11.84		$ 9.51
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		1,887,648
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 13.27
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		(105,600)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 11.20
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 7.7
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		$ 7	8.3
Share-based Payment Arrangement, Expense, Tax Benefit		$ 1.7	$ 2.1
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number		4,025,194		3,151,634
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 10.14		$ 9.59
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		1,018,610
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 12.24
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		(102,900)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value		$ 14.31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		(42,150)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 9.26
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 14.5
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition		2 years 1 month 6 days
2025 Performance Unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period		465,300
Risk-free interest rate (1)	[1]	7.70%
Expected term		3 years
Estimated volatility (2)	[2]	38.50%
2024 Performance Unit Award | Performance Units [Member]
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 | Performance Units [Member]
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
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 2 | 2024 Performance Unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	4.90%
Expected term		2 years
Estimated volatility (2)	[2]	42.40%
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 3 [Domain] | 2023 Performance unit Award | Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (1)	[1]	5.20%
Expected term		1 year
Estimated volatility (2)	[2]	38.90%
[1] Based on the U.S. Government bond benchmark on the grant date.

Leases, Codification Topic 84_2

Leases, Codification Topic 842 (Details) - USD ($) $ in Millions		3 Months Ended
		May 24, 2024	May 26, 2023	Feb. 23, 2024
Leases [Abstract]
Operating lease cost		$ 12.6	$ 13.6
Sublease rental income		(1.2)	(0.5)
Operating Lease, Expense		11.4	13.1
Operating cash flows used for operating leases		14.1	14.1
Leased assets obtained in exchange for new operating lease obligations		$ 13.4	$ 5
Operating Lease, Weighted Average Remaining Lease Term		4 years 7 months 6 days		4 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent		5.20%		4.80%
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year		$ 36.9
Operating Leases, Future Minimum Payments, Due in Two Years		44.1
Operating Leases, Future Minimum Payments, Due in Three Years		35.4
Operating Leases, Future Minimum Payments, Due in Four Years		26.4
Operating Leases, Future Minimum Payments, Due in Five Years		17.8
Operating Leases, Future Minimum Payments, Due Thereafter		25.5
Operating Leases, Future Minimum Payments Due	[1]	186.1
Operating Lease interest included in future lease payments		(21.6)
Operating Lease, Liability		$ 164.5
[1] Lease payments include

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended
	May 24, 2024	May 26, 2023	Feb. 23, 2024
Reportable Segments [Abstract]
Segment Reporting, Factors Used to Identify Entity's Reportable Segments	The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture, architectural, textile and surface imaging 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, healthcare, education and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands.
Segment Reporting Information [Line Items]
Revenue	$ 727.3	$ 751.9
Gross Profit	234.4	234.6
Operating income	17.6	7.3
Total assets	2,127.4		$ 2,236.7
Goodwill	274.7		274.8
Americas [Member]
Segment Reporting Information [Line Items]
Revenue	554.4	572.8
Gross Profit	185.4	183.6
Operating income	18.5	19.8
Total assets	1,610.6		1,705.5
Goodwill	266		266.1
International
Segment Reporting Information [Line Items]
Revenue	172.9	179.1
Gross Profit	49	51
Operating income	(0.9)	$ (12.5)
Total assets	516.8		531.2
Goodwill	$ 8.7		$ 8.7

Restructuring and Related Act_3

Restructuring and Related Activities (Details)	3 Months Ended
	May 24, 2024 USD ($) employee positions	Feb. 23, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 10.4	$ 12.3
Restructuring Reserve, Period Increase (Decrease)	7.4
Payments for Restructuring	(8)
Restructuring Reserve, Translation and Other Adjustment	(1.3)
Workforce Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	10.4	12.3
Restructuring Reserve, Period Increase (Decrease)	6
Payments for Restructuring	(6.6)
Restructuring Reserve, Translation and Other Adjustment	(1.3)
Business Exit and Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	0
Restructuring Reserve, Period Increase (Decrease)	1.4
Payments for Restructuring	(1.4)
Restructuring Reserve, Translation and Other Adjustment	$ 0
Americas [Member] | Regional Distribution Center Closure - Atlanta, GA
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	30
Restructuring and Related Cost, Expected Cost	$ 1,000,000
Restructuring and Related Cost, Cost Incurred to Date		600,000
Americas [Member] | Americas - Restructuring Actions Initiated Q3 2024
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | positions	15
Restructuring and Related Cost, Cost Incurred to Date	$ 100,000	1,100,000
Americas [Member] | Americas - Restructuring Actions Initiated Q3 2024 | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,000,000
Americas [Member] | Americas - Restructuring Actions Initiated Q3 2024 | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	3,000,000
Americas [Member] | Regional Distribution Center Move
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	3,000,000
Restructuring and Related Cost, Cost Incurred to Date	$ 1,700,000	700,000
Restructuring and Related Cost, Number of Positions Relocated | positions	15
Americas [Member] | Regional Distribution Center Move | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	50
Americas [Member] | Regional Distribution Center Move | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	55
Americas [Member] | Americas - Restructuring Actions Initiated Q1 2025
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | positions	100
Restructuring and Related Cost, Expected Cost	$ 3,000,000
Restructuring and Related Cost, Cost Incurred to Date	$ 2,600,000
EMEA [Member] | International - Restructuring Actions Announced Q1 2024 | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	40
EMEA [Member] | International - Restructuring Actions Announced Q1 2024 | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	50
EMEA [Member] | Regional Distribution Center Closure
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee	20
Asia Pacific | International - Restructuring Actions Announced Q1 2024
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | positions	240
Asia Pacific | APAC - Restructuring Actions Initiated Q4 2024
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | positions	100
International | International - Restructuring Actions Announced Q1 2024
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment	$ (900,000)
Restructuring and Related Cost, Cost Incurred to Date		16,300,000
International | International - Restructuring Actions Announced Q1 2024 | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	16,000,000
International | International - Restructuring Actions Announced Q1 2024 | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	18,000,000
International | APAC - Restructuring Actions Initiated Q4 2024
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	4,000,000
Restructuring and Related Cost, Cost Incurred to Date	200,000
International | APAC - Restructuring Actions Initiated Q4 2024 | Workforce Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		2,500,000
International | APAC - Restructuring Actions Initiated Q4 2024 | ROU Asset Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date		$ 400,000
International | Regional Distribution Center Closure
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	3,000,000
Restructuring and Related Cost, Cost Incurred to Date	$ 2,700,000