Reportable Segments

12 Months Ended

Feb. 28, 2020

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, Smith System, AMQ, Turnstone, and Orangebox brands.

The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase, Orangebox 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, which we sold in Q4 2020, 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, research, human resources, legal and customer aviation, plus deferred compensation expense and income or losses associated with COLI. Corporate assets consist primarily of unallocated cash and cash equivalents and COLI balances.



Operating Segment Data	Americas		EMEA			Other		Corporate			Consolidated
2020
Revenue	$	2,672.9	$	669.6		$	381.2	$	—		$	3,723.7
Operating income (loss)	240.0		9.9			39.4		(32.3		)	257.0
Total assets	1,067.3		454.5			225.6		818.0			2,565.4
Capital expenditures	24.3		18.5			19.1		11.5			73.4
Depreciation & amortization	54.3		21.6			6.8		2.9			85.6
2019
Revenue	$	2,470.2	$	617.0		$	356.0	$	—		$	3,443.2
Operating income (loss)	209.9		(6.9		)	14.3		(33.7		)	183.6
Total assets	1,044.4		420.1			220.4		457.5			2,142.4
Capital expenditures	24.6		21.3			12.6		22.9			81.4
Depreciation & amortization	53.6		20.0			6.2		1.8			81.6
2018
Revenue	$	2,193.8	$	524.2		$	337.5	$	—		$	3,055.5
Operating income (loss)	181.4		(14.0		)	21.4		(33.6		)	155.2
Total assets	943.2		300.3			209.1		406.6			1,859.2
Capital expenditures	46.2		31.7			10.0		—			87.9
Depreciation & amortization	46.2		14.7			5.0		—			65.9

The accounting policies of each of the reportable segments are the same as those described in Note 2. Revenue comparisons have been impacted by acquisitions, divestitures and deconsolidations along with currency translation effects. See Note 4 for additional information.

Reportable geographic information is as follows:



Reportable Geographic Data	Year Ended
Reportable Geographic Data	February 28, 2020		February 22, 2019		February 23, 2018
Long-lived assets:
United States	$	924.1	$	812.1	$	689.7
Foreign locations	319.0		237.5		174.3
	$	1,243.1	$	1,049.6	$	864.0

No country other than the U.S. represented greater than 10% of our long-lived assets in 2020, 2019 or 2018.