Reportable Segments

9 Months Ended

Nov. 26, 2021

Reportable Segments [Abstract]

Reportable Segments

REPORTABLE SEGMENTS

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

The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture, architectural and technology products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse, Smith System, AMQ, Orangebox and Viccarbe brands.

The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase, Orangebox, Coalesse and Viccarbe brands, with a comprehensive portfolio of furniture, architectural and technology products.

The Other category includes Asia Pacific and Designtex. Asia Pacific serves customers in Australia, China, India, Japan, Korea and other countries in Southeast Asia primarily under the Steelcase brand with a comprehensive portfolio of furniture, architectural and technology products. 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.

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

Corporate costs include unallocated portions of shared service functions such as information technology, corporate facilities, finance, human resources, research, legal and customer aviation, plus deferred compensation expense and income or losses associated with COLI. Corporate assets consist primarily of unallocated cash and cash equivalents, COLI, fixed assets and right-of-use assets related to operating leases.

Revenue and operating income (loss) for the three and nine months ended November 26, 2021 and November 27, 2020 and total assets as of November 26, 2021 and February 26, 2021 by segment are presented in the following table:

	Three Months Ended				Nine Months Ended
Reportable Segment Statement of Operations Data	November 26, 2021		November 27, 2020		November 26, 2021		November 27, 2020
Revenue
Americas	$	500.3	$	416.4	$	1,399.9	$	1,381.5
EMEA	168.2		143.3		430.7		368.7
Other	69.7		57.8		189.0		168.9
	$	738.2	$	617.5	$	2,019.6	$	1,919.1
Operating income (loss)
Americas	$	11.1	$	13.8	$	40.8	$	84.9
EMEA	8.3		(3.7)		1.0		(31.8)
Other	2.0		(2.2)		(7.5)		(2.7)
Corporate	(5.5)		(7.9)		(16.3)		(14.1)
	$	15.9	$	—	$	18.0	$	36.3

Reportable Segment Balance Sheet Data	November 26, 2021		February 26, 2021
Total assets
Americas	$	1,103.6	$	1,015.3
EMEA	479.2		414.4
Other	227.0		211.3
Corporate	509.0		713.0
	$	2,318.8	$	2,354.0