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Investments In Unconsolidated Affiliates
 12 Months Ended
Feb. 25, 2022
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]  
Investments in Unconsolidated Affiliates INVESTMENTS IN UNCONSOLIDATED AFFILIATES
We occasionally enter into joint ventures and other equity investments to expand or maintain our geographic presence, support our distribution network or invest in new business ventures, complementary products and services. Our investments in unconsolidated affiliates and related direct ownership interests are summarized below:
Investments in Unconsolidated AffiliatesFebruary 25, 2022February 26, 2021
Investment
Balance		Ownership
Interest		Investment
Balance		Ownership
Interest
Equity method investments
Dealer relationships$29.6 25%-40%$28.3 25%-40%
Manufacturing joint venture7.3 49%7.8 49%
IDEO and other6.7 5%6.0 5%-24%
43.6 42.1 
Cost method investments
Dealer relationship5.8 Less than 10%5.8 Less than 10%
Other3.7 Less than 10%3.6 Less than 10%
9.5 9.4 
Total investments in unconsolidated affiliates$53.1 $51.5 
Our equity in earnings of unconsolidated affiliates is recorded in Other income, net in the Consolidated Statements of Income and is summarized below:
Equity in Earnings of Unconsolidated AffiliatesYear Ended
February 25,
2022		February 26,
2021		February 28,
2020
Dealer relationships$6.2 $8.0 $9.8 
Manufacturing joint venture0.3 0.7 1.4 
IDEO and other1.3 0.6 1.0 
Total equity in earnings of unconsolidated affiliates$7.8 $9.3 $12.2 
Dealer Relationships
We have occasionally invested in dealers to expand or maintain our geographic presence and support our distribution network.
Manufacturing Joint Ventures
We have occasionally entered into manufacturing joint ventures to expand or maintain our geographic presence. Our only current manufacturing joint venture is Steelcase Jeraisy Company Limited, which is located in the Kingdom of Saudi Arabia and is engaged in the manufacturing of wood and metal office furniture systems, seating, accessories and related products for the Kingdom.
IDEO
IDEO LP is an innovation and design firm that uses a human-centered, design-based approach to generate new offerings and build new capabilities for its customers. IDEO serves Steelcase and a variety of other organizations within consumer products, financial services, healthcare, information technology, government, transportation and other industries. As of February 25, 2022 and February 26, 2021, we owned a 5% equity interest in IDEO.
The following table summarizes the combined accounts of our equity method investments in unconsolidated affiliates:
Consolidated Balance SheetsFebruary 25,
2022		February 26,
2021
Total current assets$211.7 $198.7 
Total non-current assets146.4 130.6 
Total assets$358.1 $329.3 
Total current liabilities162.9 141.3 
Total long-term liabilities29.6 31.1 
Total liabilities$192.5 $172.4 
 
Statements of IncomeYear Ended
February 25,
2022		February 26,
2021		February 28,
2020
Revenue$578.6 $695.4 $838.0 
Gross profit177.8 204.9 252.6 
Income before income tax expense53.0 37.8 62.3 
Net income47.8 35.6 58.5 

Supplemental InformationYear Ended
February 25,
2022		February 26,
2021		February 28,
2020
Dividends received from unconsolidated affiliates$5.5 $8.1 $12.5 
Sales to unconsolidated affiliates194.2 201.5 305.7 
Amount due from unconsolidated affiliates12.9 6.4 14.4