Reportable Segments

12 Months Ended

Feb. 24, 2017

Segment Reporting [Abstract]

Reportable Segments

REPORTABLE SEGMENTS

Our reportable segments consist of the Americas segment, the EMEA segment and the Other category. Unallocated corporate expenses are reported as Corporate.

The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a portfolio of integrated architecture, furniture and technology products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse and Turnstone brands.

The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands, with an emphasis on freestanding furniture systems, storage and seating solutions.

The Other category includes Asia Pacific, Designtex and PolyVision. Asia Pacific serves customers in Asia and Australia primarily under the Steelcase brand with an emphasis on freestanding furniture systems, seating and storage solutions. Designtex primarily sells textiles, wall coverings and surface imaging solutions specified by architects and designers directly to end-use customers through a direct sales force primarily in North America. PolyVision manufactures ceramic steel surfaces for use in various applications globally, including static whiteboards and chalkboards sold through third party fabricators and distributors to the primary and secondary education markets and architectural panels and other special applications sold through general contractors for commercial and infrastructure projects.

We primarily review and evaluate operating income by segment in both our internal review processes and for external financial reporting. We also allocate resources primarily based on operating income. Total assets by segment include manufacturing and other assets associated with each segment.

Corporate costs include unallocated portions of shared service functions such as information technology, corporate facilities, finance, human resources, research, legal and customer aviation. Corporate assets consist primarily of unallocated cash, short term investment balances and COLI balances.

No single customer represented more than 5% of our consolidated revenue in 2017, 2016 or 2015.

Operating Segment Data	Americas		EMEA			Other		Corporate			Consolidated
2017
Revenue	$	2,231.9	$	503.9		$	296.6	$	—		$	3,032.4
Operating income (loss)	245.2		(20.9		)	13.0		(37.1		)	200.2
Total assets	960.7		297.4			191.1		342.8			1,792.0
Capital expenditures	35.9		20.6			4.6		—			61.1
Depreciation & amortization	42.7		12.7			4.9		—			60.3
2016
Revenue	$	2,256.0	$	520.6		$	283.4	$	—		$	3,060.0
Operating income (loss)	265.2		(64.3		)	11.2		(37.5		)	174.6
Total assets	981.1		332.6			179.9		315.0			1,808.6
Capital expenditures	71.2		14.7			7.5		—			93.4
Depreciation & amortization	48.5		11.7			5.5		—			65.7
2015
Revenue	$	2,180.7	$	595.4		$	283.6	$	—		$	3,059.7
Operating income (loss)	259.9		(82.8		)	4.8		(37.0		)	144.9
Total assets	956.1		290.2			163.1		310.2			1,719.6
Capital expenditures	49.5		42.0			6.0		—			97.5
Depreciation & amortization	40.1		13.5			6.3		—			59.9

The accounting policies of each of the reportable segments are the same as those described in Note 2. Revenue comparisons have been impacted by divestitures and deconsolidations along with currency translation effects. In addition, operating income (loss) has been significantly impacted restructuring costs. See Note 19 for additional information.

Reportable geographic information is as follows:

Reportable Geographic Data	Year Ended
	February 24, 2017		February 26, 2016		February 27, 2015
Revenue:
United States	$	2,104.4	$	2,152.7	$	2,075.7
Foreign locations	928.0		907.3		984.0
	$	3,032.4	$	3,060.0	$	3,059.7
Long-lived assets:
United States	$	655.8	$	633.8	$	615.2
Foreign locations	130.8		127.8		130.1
	$	786.6	$	761.6	$	745.3

Revenue is attributable to countries based on the location of the customer. No country other than the U.S. represented greater than 10% of our consolidated revenue or long-lived assets in 2017, 2016 or 2015. Our EMEA business is spread across a number of geographic regions, with Western Europe representing approximately 84% of EMEA revenue in 2017.

Our global product offerings consist of furniture, interior architecture, technology and services. These product offerings are marketed, distributed and managed primarily as a group of similar products on an overall portfolio basis. The following is a summary of revenue by product category. As product line information is not readily available for the Company as a whole, this summary represents a reasonable estimate of revenue by product category based on the best information available:

Product Category Data	Year Ended
	February 24, 2017		February 26, 2016		February 27, 2015
Systems and storage	$	1,428.2	$	1,533.4	$	1,588.7
Seating	917.8		938.9		954.8
Other (1)	686.4		587.7		516.2
Total	$	3,032.4	$	3,060.0	$	3,059.7

________________________

(1) Other consists primarily of consolidated dealers, textiles and surface materials, worktools, architecture, technology, and other uncategorized product lines, and services, none of which are individually greater than 10% of consolidated revenue.