2023 Q1 Form 10-K Financial Statement

#000105082523000067 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023 2022 Q1
Revenue $801.7M $3.233B $753.1M
YoY Change 6.45% 16.59% 11.22%
Cost Of Revenue $562.3M $2.311B $556.7M
YoY Change 1.01% 14.89% 15.23%
Gross Profit $239.2M $919.4M $196.4M
YoY Change 21.79% 20.74% 1.97%
Gross Profit Margin 29.84% 28.44% 26.08%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $44.40M
YoY Change -2.2%
% of Gross Profit 4.83%
Depreciation & Amortization $22.80M $90.00M $21.00M
YoY Change 8.57% 8.17% -0.47%
% of Gross Profit 9.53% 9.79% 10.69%
Operating Expenses $206.8M $837.2M $194.3M
YoY Change 6.43% 12.92% 4.63%
Operating Profit $28.70M $65.50M $2.100M
YoY Change 1266.67% 225.87% -68.66%
Interest Expense -$3.700M $28.40M -$2.200M
YoY Change 68.18% 10.51% -54.17%
% of Operating Profit -12.89% 43.36% -104.76%
Other Income/Expense, Net -$600.0K $13.50M -$900.0K
YoY Change -33.33% -550.0%
Pretax Income $24.40M $51.60M -$1.000M
YoY Change -2540.0% 3125.0% -147.62%
Income Tax $8.700M $16.30M $1.200M
% Of Pretax Income 35.66% 31.59%
Net Earnings $15.70M $35.30M -$2.200M
YoY Change -813.64% 782.5% -133.33%
Net Earnings / Revenue 1.96% 1.09% -0.29%
Basic Earnings Per Share $0.13 $0.30 -$0.02
Diluted Earnings Per Share $0.13 $0.30 -$0.02
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2023 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.40M $90.40M $200.9M
YoY Change -55.0% -55.0% -58.98%
Cash & Equivalents $90.40M $90.40M $200.9M
Short-Term Investments
Other Short-Term Assets $37.40M $95.30M $26.00M
YoY Change 43.85% 90.6% 21.5%
Inventory $319.7M $319.7M $326.2M
Prepaid Expenses $28.90M $24.00M
Receivables $373.3M $373.3M $340.4M
Other Receivables $5.300M $5.300M $41.70M
Total Short-Term Assets $884.0M $884.0M $959.2M
YoY Change -7.84% -7.84% -8.25%
LONG-TERM ASSETS
Property, Plant & Equipment $376.5M $574.8M $392.8M
YoY Change -4.15% -4.61% -4.38%
Goodwill $276.8M $242.8M
YoY Change 14.0% 11.33%
Intangibles $111.2M $85.50M
YoY Change 30.06% -5.42%
Long-Term Investments $41.60M $51.10M $43.60M
YoY Change -4.59% -3.77% 3.56%
Other Assets $30.30M $304.9M $28.60M
YoY Change 5.94% -4.06% -3.38%
Total Long-Term Assets $1.319B $1.319B $1.302B
YoY Change 1.31% 1.31% -0.52%
TOTAL ASSETS
Total Short-Term Assets $884.0M $884.0M $959.2M
Total Long-Term Assets $1.319B $1.319B $1.302B
Total Assets $2.203B $2.203B $2.261B
YoY Change -2.57% -2.57% -3.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $203.5M $203.5M $243.6M
YoY Change -16.46% -16.46% 34.36%
Accrued Expenses $222.6M $222.6M $178.1M
YoY Change 24.99% 24.99% -4.56%
Deferred Revenue $50.80M $53.40M
YoY Change -4.87% 58.46%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $35.70M $35.70M $5.100M
YoY Change 600.0% 643.75% 8.51%
Total Short-Term Liabilities $603.3M $603.3M $567.2M
YoY Change 6.36% 6.36% 10.14%
LONG-TERM LIABILITIES
Long-Term Debt $445.5M $445.5M $477.4M
YoY Change -6.68% -6.68% -0.38%
Other Long-Term Liabilities $54.90M $327.8M $55.30M
YoY Change -0.72% -9.99% 17.91%
Total Long-Term Liabilities $773.3M $773.3M $841.6M
YoY Change -8.12% -8.12% -4.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $603.3M $603.3M $567.2M
Total Long-Term Liabilities $773.3M $773.3M $841.6M
Total Liabilities $1.377B $1.377B $1.409B
YoY Change -2.29% -2.29% 1.1%
SHAREHOLDERS EQUITY
Retained Earnings $879.3M $901.3M
YoY Change -2.44% -8.78%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $826.2M $826.2M $852.2M
YoY Change
Total Liabilities & Shareholders Equity $2.203B $2.203B $2.261B
YoY Change -2.57% -2.57% -3.95%

Cashflow Statement

Concept 2023 Q1 2023 2022 Q1
OPERATING ACTIVITIES
Net Income $15.70M $35.30M -$2.200M
YoY Change -813.64% 782.5% -133.33%
Depreciation, Depletion And Amortization $22.80M $90.00M $21.00M
YoY Change 8.57% 8.17% -0.47%
Cash From Operating Activities $88.00M $89.40M -$43.50M
YoY Change -302.3% -187.13% -257.61%
INVESTING ACTIVITIES
Capital Expenditures $16.30M $59.10M -$15.20M
YoY Change -207.24% -2.31% 65.22%
Acquisitions $105.3M
YoY Change 223.01%
Other Investing Activities $9.000M -$7.500M $1.000M
YoY Change 800.0% -26.47% -127.78%
Cash From Investing Activities -$7.300M -$134.8M -$14.20M
YoY Change -48.59% 105.8% 10.94%
FINANCING ACTIVITIES
Cash Dividend Paid $57.30M
YoY Change -8.47%
Common Stock Issuance & Retirement, Net $3.900M
YoY Change -92.93%
Debt Paid & Issued, Net $2.700M
YoY Change 3.85%
Cash From Financing Activities -46.30M -$62.90M -18.50M
YoY Change 150.27% -47.58% 65.18%
NET CHANGE
Cash From Operating Activities 88.00M $89.40M -43.50M
Cash From Investing Activities -7.300M -$134.8M -14.20M
Cash From Financing Activities -46.30M -$62.90M -18.50M
Net Change In Cash 34.40M -$109.8M -76.20M
YoY Change -145.14% -61.95% -2216.67%
FREE CASH FLOW
Cash From Operating Activities $88.00M $89.40M -$43.50M
Capital Expenditures $16.30M $59.10M -$15.20M
Free Cash Flow $71.70M $30.30M -$28.30M
YoY Change -353.36% -118.58% -176.9%

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CY2023 us-gaap Nature Of Operations
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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 11,900 employees. We operate manufacturing and distribution center facilities in 23 principal locations. We distribute products through various channels, including Steelcase independent and company-owned dealers in approximately 770 locations throughout the world. We operate under the Americas and EMEA reportable segments plus an “Other” category. See Note 20 for additional information related to our reportable segments.
CY2023Q1 dei Entity Number Of Employees
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CY2023 us-gaap Fiscal Period
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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%">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 24, 2023, February 25, 2022, and February 26, 2021 contained 52 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>
CY2023 us-gaap Use Of Estimates
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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%">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 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>
CY2023 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>
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CY2023Q1 us-gaap Workers Compensation Liability Current
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WorkersCompensationLiabilityNoncurrent
7300000 usd
CY2022Q1 us-gaap Workers Compensation Liability Noncurrent
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9100000 usd
CY2023Q1 us-gaap Workers Compensation Liability Current And Noncurrent
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9000000.0 usd
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10900000 usd
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WorkersCompensationLiabilitynetofassociatedreceivables
6400000 usd
CY2022Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
7100000 usd
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LossContingencyAccrualProductLiabilityassociatedreceivables
400000 usd
CY2022Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
600000 usd
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1700000 usd
CY2022Q1 us-gaap Loss Contingency Accrual Product Liability Gross
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2400000 usd
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1300000 usd
CY2022Q1 us-gaap Loss Contingency Accrual Product Liability Net
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1800000 usd
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CY2022Q1 us-gaap Goodwill
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36800000 usd
CY2022Q1 us-gaap Product Warranty Accrual
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24000000.0 usd
CY2021Q1 us-gaap Product Warranty Accrual
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22500000 usd
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4500000 usd
CY2022 scs Standard And Extended Product Warranty Accrual Other Increase
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CY2023 us-gaap Product Warranty Accrual Warranties Issued
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21800000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5900000 usd
CY2023 us-gaap Product Warranty Accrual Payments
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21500000 usd
CY2022 us-gaap Product Warranty Accrual Payments
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6700000 usd
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CY2022 us-gaap Product Warranty Accrual Period Increase Decrease
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2500000 usd
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CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2023Q1 us-gaap Product Warranty Accrual
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28600000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
24000000.0 usd
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12000000.0 usd
CY2022Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
12800000 usd
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CY2023Q1 us-gaap Goodwill Gross
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598300000 usd
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321500000 usd
CY2023Q1 us-gaap Goodwill
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276800000 usd
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800000 usd
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Current
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1100000 usd
CY2023Q1 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
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0.035 rate
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
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0.025 rate
CY2023Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
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3600000 usd
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44400000 usd
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45400000 usd
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48100000 usd
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481200000 usd
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17600000 usd
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208700000 usd
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97600000 usd
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111100000 usd
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171800000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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86400000 usd
CY2023Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
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2300000 usd
CY2022Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
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1000000.0 usd
CY2023Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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300000 usd
CY2022Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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300000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Net
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2000000.0 usd
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Net
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700000 usd
CY2023Q1 us-gaap Derivative Notional Amount
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55100000 usd
CY2022Q1 us-gaap Derivative Notional Amount
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76100000 usd
CY2023 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Description
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We evaluate all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB") for consideration of their applicability to our consolidated financial statements. We have assessed all ASUs issued but not yet adopted and concluded that those not disclosed are either not applicable to us or are not expected to have a material effect on our consolidated financial statements. Accounting Standards Issued But Not Yet AdoptedIn September 2022, the FASB issued ASU No. 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50), which is intended to enhance transparency of supplier finance programs by requiring disclosure of key terms, amounts outstanding (including a rollforward of outstanding amounts) and a description of where such amounts are presented in the consolidated financial statements. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2022. We expect the adoption of this guidance will modify our disclosures but we do not expect it to have a material effect on our consolidated financial statements.
CY2023 us-gaap Revenues
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2772700000 usd
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0.18
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2596200000 usd
CY2022Q1 us-gaap Contract With Customer Liability
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CY2023Q1 us-gaap Contract With Customer Liability
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CY2023 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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4300000 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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34000000.0 usd
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CY2022 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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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 Net Income Loss Available To Common Stockholders Basic
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3900000 usd
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CY2021 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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CY2021 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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2600000 shares
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25500000 usd
CY2021 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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CY2023Q1 scs Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
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CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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100000 usd
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CY2022Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q1 us-gaap Inventory Work In Process And Raw Materials
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CY2023Q1 us-gaap Inventory Finished Goods
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118100000 usd
CY2022Q1 us-gaap Inventory Finished Goods
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146900000 usd
CY2023Q1 us-gaap Inventory Gross
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350900000 usd
CY2022Q1 us-gaap Inventory Gross
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355100000 usd
CY2023Q1 us-gaap Inventory Lifo Reserve
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31200000 usd
CY2022Q1 us-gaap Inventory Lifo Reserve
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CY2022Q1 us-gaap Inventory Net
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326200000 usd
CY2023Q1 us-gaap Lifo Inventory Amount
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134100000 usd
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CY2022Q1 us-gaap Property Plant And Equipment Gross
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CY2023 scs Construction In Progress Estimated Cost To Complete
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30400000 usd
CY2023Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
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CY2023Q1 us-gaap Cash Surrender Value Of Life Insurance
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CY2022Q1 us-gaap Cash Surrender Value Of Life Insurance
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25800000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2022Q1 us-gaap Goodwill Gross
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564300000 usd
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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13700000 usd
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82200000 usd
CY2023Q1 us-gaap Equity Method Investments
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CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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51100000 usd
CY2022Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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53100000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
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12500000 usd
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7800000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
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9300000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
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7800000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
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5500000 usd
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
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8100000 usd
CY2023 scs Sales To Unconsolidated Affiliates
SalesToUnconsolidatedAffiliates
259500000 usd
CY2022 scs Sales To Unconsolidated Affiliates
SalesToUnconsolidatedAffiliates
194200000 usd
CY2021 scs Sales To Unconsolidated Affiliates
SalesToUnconsolidatedAffiliates
201500000 usd
CY2023Q1 scs Amount Due From Unconsolidated Affiliates
AmountDueFromUnconsolidatedAffiliates
22500000 usd
CY2022Q1 scs Amount Due From Unconsolidated Affiliates
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12900000 usd
CY2021Q1 scs Amount Due From Unconsolidated Affiliates
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6400000 usd
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2022Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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482500000 usd
CY2023Q1 us-gaap Debt Current
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CY2022Q1 us-gaap Debt Current
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CY2023Q1 us-gaap Long Term Debt
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CY2022Q1 us-gaap Long Term Debt
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CY2023Q1 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2022Q1 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2023 us-gaap Amortization Of Financing Costs
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CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
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CY2023 us-gaap Long Term Debt Maturities Repayment Terms
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CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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250000000.0 usd
CY2023 scs Line Of Credit Facility Additional Borrowing Capacity Available
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CY2023 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2023 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Tax
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CY2023Q1 scs Defined Contribution Obligation
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CY2022Q1 scs Defined Contribution Obligation
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CY2023Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
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CY2022Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
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CY2023Q1 scs Employee Benefit Plan Obligations Total
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131900000 usd
CY2022Q1 scs Employee Benefit Plan Obligations Total
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CY2023Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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CY2022Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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25400000 usd
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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103000000.0 usd
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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126700000 usd
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
134200000 usd
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
152100000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
26100000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17100000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
19300000 usd
CY2023 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
28.4
CY2023 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
0 usd
CY2023 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostTax
0 usd
CY2023 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Prior Service Cost After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetPriorServiceCostAfterTax
0 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
6100000 usd
CY2023 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-1600000 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
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-500000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
100000 usd
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-4500000 usd
CY2023 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
1600000 usd
CY2023 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
-400000 usd
CY2023 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost After Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostAfterTax
1200000 usd
CY2023 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
4500000 usd
CY2023 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossTax
-1200000 usd
CY2023 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossAfterTax
3300000 usd
CY2023 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsBeforeTax
1000000.0 usd
CY2023 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsTax
-200000 usd
CY2023 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustmentsafter Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsafterTax
800000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-5500000 usd
CY2023 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentTax
1400000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4100000 usd
CY2023Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-9100000 usd
CY2023Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
200000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
9300000 usd
CY2023Q1 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0730
CY2023Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0450
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
CY2023Q1 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2023Q1 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
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
CY2023Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
22400000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1900000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
14900000 usd
CY2022Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
35200000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
2900000 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
CY2023 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
4500000 shares
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1300000 shares
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1300000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-30400000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
800000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000000.0 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000.0 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12900000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17000000.0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11000000.0 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-15600000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2300000 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
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1400000 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
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
200000 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
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-700000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13400000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15400000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-200000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2100000 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
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49500000 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
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51600000 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
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
10800000 usd
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
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2000000.0 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
CY2023 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
4000000.0 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
CY2023 scs Effective Income Tax Reconciliation Cares
EffectiveIncomeTaxReconciliationCARES
0 usd
CY2022 scs Effective Income Tax Reconciliation Cares
EffectiveIncomeTaxReconciliationCARES
0 usd
CY2021 scs Effective Income Tax Reconciliation Cares
EffectiveIncomeTaxReconciliationCARES
-11700000 usd
CY2023 scs Effective Income Tax Reconciliation Contingent Consideration
EffectiveIncomeTaxReconciliationContingentConsideration
900000 usd
CY2022 scs Effective Income Tax Reconciliation Contingent Consideration
EffectiveIncomeTaxReconciliationContingentConsideration
0 usd
CY2021 scs Effective Income Tax Reconciliation Contingent Consideration
EffectiveIncomeTaxReconciliationContingentConsideration
0 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1000000.0 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
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 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
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
400000 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
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-100000 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
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1000000.0 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
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2900000 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
CY2023 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
300000 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
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
400000 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
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-100000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
200000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-100000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-200000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
52500000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
51600000 usd
CY2023Q1 scs Deferred Tax Asset Operating Lease Obligations
DeferredTaxAssetOperatingLeaseObligations
55000000.0 usd
CY2022Q1 scs Deferred Tax Asset Operating Lease Obligations
DeferredTaxAssetOperatingLeaseObligations
58400000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
35800000 usd
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
40200000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
18000000.0 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
16100000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
17900000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
26200000 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
14400000 usd
CY2022Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
14700000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
193600000 usd
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
207200000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4300000 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3700000 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
189300000 usd
CY2022Q1 us-gaap Deferred Tax Assets Net
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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 and architectural products marketed to corporate, government, healthcare, education and retail customers through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System and Viccarbe brands.The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase, Coalesse, Orangebox and Viccarbe brands, with a comprehensive portfolio of furniture and architectural 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 and architectural products. Designtex 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, gross profit and operating income (loss) by segment in both our internal review processes and for our external financial reporting. We also allocate resources primarily based on revenue, gross profit and operating income (loss). Total assets by segment include manufacturing and other assets associated with each segment. Corporate expenses 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, investments in unconsolidated affiliates and right-of-use assets related to operating leases
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