2022 Q1 Form 10-K Financial Statement

#000105082522000066 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q4
Revenue $753.1M $2.773B $738.2M
YoY Change 11.22% 6.8% 19.55%
Cost Of Revenue $556.7M $2.011B $534.6M
YoY Change 15.23% 10.34% 22.25%
Gross Profit $196.4M $761.5M $203.6M
YoY Change 1.97% -0.17% 14.45%
Gross Profit Margin 26.08% 27.46% 27.58%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $45.40M
YoY Change -5.61%
% of Gross Profit 5.96%
Depreciation & Amortization $21.00M $83.20M $21.00M
YoY Change -0.47% -2.35% 0.96%
% of Gross Profit 10.69% 10.93% 10.31%
Operating Expenses $194.3M $741.4M $187.7M
YoY Change 4.63% 8.36% 11.2%
Operating Profit $2.100M $20.10M $15.90M
YoY Change -68.66% -53.26%
Interest Expense -$2.200M $25.70M $6.500M
YoY Change -54.17% -5.17% -1.52%
% of Operating Profit -104.76% 127.86% 40.88%
Other Income/Expense, Net -$900.0K $0.00 $2.500M
YoY Change -550.0%
Pretax Income -$1.000M $1.600M $12.00M
YoY Change -147.62% -93.82% -385.71%
Income Tax $1.200M -$2.400M $2.400M
% Of Pretax Income -150.0% 20.0%
Net Earnings -$2.200M $4.000M $9.600M
YoY Change -133.33% -84.67% 357.14%
Net Earnings / Revenue -0.29% 0.14% 1.3%
Basic Earnings Per Share -$0.02 $0.03 $0.08
Diluted Earnings Per Share -$0.02 $0.03 $0.08
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.9M $200.9M $275.2M
YoY Change -58.98% -58.98% -43.19%
Cash & Equivalents $200.9M $200.9M $275.2M
Short-Term Investments
Other Short-Term Assets $26.00M $50.00M $22.20M
YoY Change 21.5% -45.53% -69.08%
Inventory $326.2M $326.2M $286.1M
Prepaid Expenses $24.00M $35.70M
Receivables $340.4M $340.4M $333.3M
Other Receivables $41.70M $41.70M $51.00M
Total Short-Term Assets $959.2M $959.2M $1.004B
YoY Change -8.25% -8.25% -7.49%
LONG-TERM ASSETS
Property, Plant & Equipment $392.8M $602.6M $394.8M
YoY Change -4.38% -5.28% -4.94%
Goodwill $242.8M $242.7M
YoY Change 11.33% 12.73%
Intangibles $85.50M $89.10M
YoY Change -5.42% -2.41%
Long-Term Investments $43.60M $53.10M $50.60M
YoY Change 3.56% 3.11% -8.66%
Other Assets $28.60M $317.8M $25.70M
YoY Change -3.38% 1.73% -18.41%
Total Long-Term Assets $1.302B $1.302B $1.315B
YoY Change -0.52% -0.52% 1.14%
TOTAL ASSETS
Total Short-Term Assets $959.2M $959.2M $1.004B
Total Long-Term Assets $1.302B $1.302B $1.315B
Total Assets $2.261B $2.261B $2.319B
YoY Change -3.95% -3.95% -2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $243.6M $243.6M $257.8M
YoY Change 34.36% 34.36% 28.39%
Accrued Expenses $178.1M $178.1M $171.4M
YoY Change -4.56% -4.56% -10.5%
Deferred Revenue $53.40M
YoY Change 58.46%
Short-Term Debt $0.00 $300.0K $0.00
YoY Change 0.0%
Long-Term Debt Due $5.100M $4.800M $5.000M
YoY Change 8.51% 9.09% 92.31%
Total Short-Term Liabilities $567.2M $567.2M $591.0M
YoY Change 10.14% 10.14% 3.87%
LONG-TERM LIABILITIES
Long-Term Debt $477.4M $477.4M $477.9M
YoY Change -0.38% -0.38% -0.48%
Other Long-Term Liabilities $55.30M $364.2M $53.40M
YoY Change 17.91% -8.79% 8.98%
Total Long-Term Liabilities $841.6M $841.6M $871.2M
YoY Change -4.2% -4.2% 0.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $567.2M $567.2M $591.0M
Total Long-Term Liabilities $841.6M $841.6M $871.2M
Total Liabilities $1.409B $1.409B $1.462B
YoY Change 1.1% 1.1% 1.72%
SHAREHOLDERS EQUITY
Retained Earnings $901.3M $920.2M
YoY Change -8.78% -7.34%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $852.2M $852.2M $856.6M
YoY Change
Total Liabilities & Shareholders Equity $2.261B $2.261B $2.319B
YoY Change -3.95% -3.95% -2.79%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.200M $4.000M $9.600M
YoY Change -133.33% -84.67% 357.14%
Depreciation, Depletion And Amortization $21.00M $83.20M $21.00M
YoY Change -0.47% -2.35% 0.96%
Cash From Operating Activities -$43.50M -$102.6M $2.500M
YoY Change -257.61% -258.33% -132.47%
INVESTING ACTIVITIES
Capital Expenditures -$15.20M $60.50M -$13.50M
YoY Change 65.22% 46.49% -4.26%
Acquisitions $32.60M
YoY Change 757.89%
Other Investing Activities $1.000M -$10.20M -$31.30M
YoY Change -127.78% 43.66% -1460.87%
Cash From Investing Activities -$14.20M -$65.50M -$44.80M
YoY Change 10.94% 114.05% 279.66%
FINANCING ACTIVITIES
Cash Dividend Paid $62.60M
YoY Change 43.91%
Common Stock Issuance & Retirement, Net $55.20M
YoY Change 29.27%
Debt Paid & Issued, Net $2.600M
YoY Change 8.33%
Cash From Financing Activities -18.50M -$120.0M -41.60M
YoY Change 65.18% 36.67% 225.0%
NET CHANGE
Cash From Operating Activities -43.50M -$102.6M 2.500M
Cash From Investing Activities -14.20M -$65.50M -44.80M
Cash From Financing Activities -18.50M -$120.0M -41.60M
Net Change In Cash -76.20M -$288.6M -83.90M
YoY Change -2216.67% 460.39% 159.75%
FREE CASH FLOW
Cash From Operating Activities -$43.50M -$102.6M $2.500M
Capital Expenditures -$15.20M $60.50M -$13.50M
Free Cash Flow -$28.30M -$163.1M $16.00M
YoY Change -176.9% -794.04% 150.0%

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CY2020Q1 us-gaap Restricted Cash
RestrictedCash
6100000 USD
CY2021Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
10500000 USD
CY2022Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
7100000 USD
CY2022 us-gaap Nature Of Operations
NatureOfOperations
NATURE OF OPERATIONSSteelcase is a global leader in furnishing the work experience in office environments. Founded in 1912, we are headquartered in Grand Rapids, Michigan, U.S.A. and employ approximately 11,800 employees. We operate manufacturing and distribution center facilities in 21 principal locations. We distribute products through various channels, including Steelcase independent and company-owned dealers in approximately 800 locations throughout the world. We operate under the Americas and EMEA reportable segments plus an “Other” category. See Note 21 for additional information
CY2022Q1 dei Entity Number Of Employees
EntityNumberOfEmployees
11800
CY2022Q1 scs Number Of Principal Locations
NumberOfPrincipalLocations
21
CY2022Q1 scs Number Of Distribution Locations
NumberOfDistributionLocations
800
CY2022 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:5pt;margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year ends on the last Friday in February, with each fiscal quarter typically including 13 weeks. The fiscal years ended February 25, 2022 and February 26, 2021 contained 52 weeks. The fiscal year ended February 28, 2020 contained 53 weeks, with Q4 2020 containing 14 weeks. Reference to a year relates to the fiscal year, ended in February of the year indicated, rather than the calendar year, unless indicated by a month or specific date reference. 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.</span></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:5pt;margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the amounts and disclosures in the consolidated financial statements and accompanying notes. Although these estimates are based on historical data and management’s knowledge of current events and actions we may undertake in the future, actual results may differ from these estimates under different assumptions or conditions.</span></div>
CY2022Q1 us-gaap Workers Compensation Liability Current And Noncurrent
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10900000 USD
CY2021Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
12600000 USD
CY2022 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:5pt;margin-top:14pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:12pt;margin-top:5pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our trade receivables are due from independent dealers as well as direct customers. We monitor and manage the credit risk associated with individual dealers and direct customers. Dealers are responsible for assessing and assuming credit risk of their customers and may require their customers to provide deposits, letters of credit or other credit enhancement measures. Some sales contracts are structured such that the customer payment or obligation is direct to us. In those cases, we typically assume the credit risk. Whether from dealers or direct customers, our trade credit exposures are not concentrated with any particular entity or industry.</span></div>
CY2022Q1 scs Workers Compensation Liabilityassociatedreceivable
WorkersCompensationLiabilityassociatedreceivable
3800000 USD
CY2021Q1 scs Workers Compensation Liabilityassociatedreceivable
WorkersCompensationLiabilityassociatedreceivable
4600000 USD
CY2022Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1800000 USD
CY2021Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
2100000 USD
CY2021Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
8000000.0 USD
CY2022Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
600000 USD
CY2021Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
700000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Product Liability Gross
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2400000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Product Liability Gross
LossContingencyAccrualProductLiabilityGross
2700000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Product Liability Net
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1800000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
2000000.0 USD
CY2021Q1 us-gaap Product Warranty Accrual
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22500000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
26700000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2800000 USD
CY2022 us-gaap Product Warranty Accrual Payments
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6700000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2400000 USD
CY2022 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
2500000 USD
CY2021 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-4900000 USD
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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-200000 USD
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
300000 USD
CY2022Q1 us-gaap Product Warranty Accrual
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24000000.0 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
22500000 USD
CY2022Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
12800000 USD
CY2021Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
11400000 USD
CY2022 us-gaap Revenues
Revenues
2772700000 USD
CY2021 us-gaap Revenues
Revenues
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CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
1100000 USD
CY2021Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
700000 USD
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
2300000 USD
CY2021Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
2000000.0 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
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3400000 USD
CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2700000 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
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0.025 Rate
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
3600000 USD
CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
2800000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5400000 USD
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
45400000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
48100000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50600000 USD
CY2022Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
482500000 USD
CY2021Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
483900000 USD
CY2022Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1000000.0 USD
CY2021Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1100000 USD
CY2022Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
300000 USD
CY2021Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
800000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
700000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
300000 USD
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
76100000 USD
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
58800000 USD
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-700000 USD
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-800000 USD
CY2020 us-gaap Revenues
Revenues
3723700000 USD
CY2022 scs Percentageofsalesrepresentedbyasingleindustryorverticalmarket
Percentageofsalesrepresentedbyasingleindustryorverticalmarket
0.18
CY2021 scs Percentageofsalesrepresentedbyasingleindustryorverticalmarket
Percentageofsalesrepresentedbyasingleindustryorverticalmarket
0.16
CY2020 scs Percentageofsalesrepresentedbyasingleindustryorverticalmarket
Percentageofsalesrepresentedbyasingleindustryorverticalmarket
0.15
CY2022 us-gaap Revenues
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2772700000 USD
CY2021 us-gaap Revenues
Revenues
2596200000 USD
CY2020 us-gaap Revenues
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3723700000 USD
CY2022 scs Salesrepresentedbyanindividualcustomer
Salesrepresentedbyanindividualcustomer
0.05
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33700000 USD
CY2022Q1 us-gaap Contract With Customer Liability
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53400000 USD
CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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3200000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
3200000 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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3900000 USD
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2021 us-gaap Net Income Loss
NetIncomeLoss
26100000 USD
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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600000 USD
CY2021 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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2600000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2600000 shares
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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25500000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3900000 USD
CY2020 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2300000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2300000 shares
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
195800000 USD
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.66
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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28700000 USD
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Inventory Work In Process And Raw Materials
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CY2021Q1 us-gaap Inventory Work In Process And Raw Materials
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126000000.0 USD
CY2022Q1 us-gaap Inventory Finished Goods
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CY2021Q1 us-gaap Inventory Finished Goods
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86400000 USD
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CY2021Q1 us-gaap Inventory Gross
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CY2021Q1 us-gaap Inventory Lifo Reserve
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18900000 USD
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CY2021Q1 us-gaap Inventory Net
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193500000 USD
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141400000 USD
CY2021Q1 us-gaap Lifo Inventory Amount
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89100000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
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CY2021Q1 us-gaap Property Plant And Equipment Gross
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CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q1 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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68800000 USD
CY2020 us-gaap Depreciation
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CY2022 scs Construction In Progress Estimated Cost To Complete
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30400000 USD
CY2021 scs Construction In Progress Estimated Cost To Complete
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CY2022Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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12600000 USD
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CY2022Q1 scs Finite Lived Intangible Assets Amortization Expense Next Five Years
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CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2020 us-gaap Equity Method Investment Dividends Or Distributions
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CY2021 us-gaap Revenue From Related Parties
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CY2021Q1 us-gaap Debt And Capital Lease Obligations
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
445200000 USD
CY2022Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
482500000 USD
CY2022Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0143 Rate
CY2022 us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
seven years
CY2022 scs Line Of Credit Facility Additional Borrowing Capacity Available
LineOfCreditFacilityAdditionalBorrowingCapacityAvailable
125000000 USD
CY2022Q1 scs Defined Contribution Obligation
DefinedContributionObligation
9100000 USD
CY2021Q1 scs Defined Contribution Obligation
DefinedContributionObligation
12100000 USD
CY2022Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
56900000 USD
CY2021Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
60500000 USD
CY2022Q1 scs Employee Benefit Plan Obligations Total
EmployeeBenefitPlanObligationsTotal
148600000 USD
CY2021Q1 scs Employee Benefit Plan Obligations Total
EmployeeBenefitPlanObligationsTotal
177800000 USD
CY2022Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
3500000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
0 USD
CY2021Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
0 USD
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
25400000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
24900000 USD
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
126700000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
152900000 USD
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
152100000 USD
CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
177800000 USD
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17100000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
19300000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
37500000 USD
CY2022 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
18.4
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-3100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-100000 USD
CY2021 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostTax
0 USD
CY2020Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
7400000 USD
CY2020Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
4300000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostAfterTax
-100000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-1700000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
300000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-1400000 USD
CY2021 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
1100000 USD
CY2021 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
300000 USD
CY2021 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost After Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostAfterTax
800000 USD
CY2021 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-2800000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossTax
600000 USD
CY2021 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossAfterTax
-2200000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsBeforeTax
-1400000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsTax
200000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustmentsafter Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsafterTax
-1200000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
4300000 USD
CY2021 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentTax
-800000 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3500000 USD
CY2021Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
11700000 USD
CY2021Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
5100000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-6600000 USD
CY2022 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2022 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostTax
0 USD
CY2022 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-100000 USD
CY2022 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2022 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostTax
0 USD
CY2022 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostAfterTax
-100000 USD
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
15100000 USD
CY2022 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-3600000 USD
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-11500000 USD
CY2022 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
200000 USD
CY2022 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
100000 USD
CY2022 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost After Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostAfterTax
-100000 USD
CY2022 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
14900000 USD
CY2022 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossTax
-3500000 USD
CY2022 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossAfterTax
11400000 USD
CY2022 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsBeforeTax
500000 USD
CY2022 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsTax
0 USD
CY2022 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustmentsafter Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsafterTax
500000 USD
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-15300000 USD
CY2022 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentTax
3500000 USD
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-11800000 USD
CY2022Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-3600000 USD
CY2022Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
1600000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
5200000 USD
CY2022Q1 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0583
CY2022Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0450
CY2021Q1 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0584
CY2021Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0450
CY2022Q1 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2022Q1 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2021Q1 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2021Q1 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2022Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
35200000 USD
CY2021Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
33200000 USD
CY2022 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
2000000.0 USD
CY2021 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
7700000 USD
CY2020 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
3300000 USD
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1300000 shares
CY2021 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1400000 shares
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-30400000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6800000 USD
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000000.0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1900000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10900000 USD
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000.0 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12900000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15400000 USD
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11000000.0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-15600000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33100000 USD
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-14000000.0 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13700000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
10300000 USD
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1300000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1100000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2800000 USD
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1900000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2800000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4900000 USD
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13400000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15400000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12400000 USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-200000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45500000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-38000000.0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-10100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
195800000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
39600000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
36000000.0 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49400000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1600000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25900000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
245200000 USD
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
300000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5400000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
51500000 USD
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-200000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
600000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6400000 USD
CY2022 scs Effective Income Tax Reconciliation Cares
EffectiveIncomeTaxReconciliationCARES
0 USD
CY2021 scs Effective Income Tax Reconciliation Cares
EffectiveIncomeTaxReconciliationCARES
-11700000 USD
CY2020 scs Effective Income Tax Reconciliation Cares
EffectiveIncomeTaxReconciliationCARES
0 USD
CY2022 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2021 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2020 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
-11600000 USD
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2700000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
400000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1300000 USD
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
3400000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
1300000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
2700000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
1400000 USD
CY2022 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
3100000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
5400000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
4900000 USD
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-300000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
400000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1200000 USD
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1300000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1900000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1100000 USD
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2400000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3000000.0 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2900000 USD
CY2022 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
700000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
300000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
200000 USD
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
300000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
100000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-400000 USD
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
200000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-100000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
600000 USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-200000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45500000 USD
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
51600000 USD
CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
57600000 USD
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CY2022 us-gaap Restructuring And Related Activities Description
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RESTRUCTURING ACTIVITIES In 2021, we implemented a series of restructuring actions in response to continued order declines in the Americas compared to the prior year and economic uncertainty related to the COVID-19 pandemic. The restructuring actions included early retirements and voluntary and involuntary terminations of approximately 300 salaried employees and approximately 210 hourly employees. We incurred $28.6 in restructuring costs in the Americas segment in connection with these actions during 2021, consisting of cash severance payments and payment of other separation-related benefits. These restructuring actions are complete.The following table details the changes in the restructuring reserve balance for the years ended February 25, 2022 and February 26, 2021:Workforce reductionsBalance as of February 28, 2020$— Restructuring costs28.6 Payments(28.2)Balance as of February 26, 2021$0.4 Payments(0.4)Balance as of February 25, 2022$— 
CY2021 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Earnings Per Share Diluted
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CY2020Q2 us-gaap Gross Profit
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CY2020Q3 us-gaap Gross Profit
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CY2021 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Diluted
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CY2022 dei Auditor Firm
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34

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