2024 Q1 Form 10-K Financial Statement

#000105082524000060 Filed on April 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023
Revenue $775.2M $3.160B $3.233B
YoY Change -3.31% -2.26% 16.59%
Cost Of Revenue $531.6M $2.143B $2.311B
YoY Change -5.46% -7.27% 14.89%
Gross Profit $243.6M $1.017B $919.4M
YoY Change 1.84% 10.59% 20.74%
Gross Profit Margin 31.42% 32.18% 28.44%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $48.20M $44.40M
YoY Change 8.56% -2.2%
% of Gross Profit 4.74% 4.83%
Depreciation & Amortization $20.80M $83.60M $90.00M
YoY Change -8.77% -7.11% 8.17%
% of Gross Profit 8.54% 8.22% 9.79%
Operating Expenses $213.5M $876.5M $837.2M
YoY Change 3.24% 4.69% 12.92%
Operating Profit $30.10M $140.3M $65.50M
YoY Change 4.88% 114.2% 225.87%
Interest Expense $2.200M -$19.40M $28.40M
YoY Change -159.46% -168.31% 10.51%
% of Operating Profit 7.31% -13.83% 43.36%
Other Income/Expense, Net -$1.300M $8.700M $13.50M
YoY Change 116.67% -35.56%
Pretax Income $26.60M $107.1M $51.60M
YoY Change 9.02% 107.56% 3125.0%
Income Tax $5.300M $26.00M $16.30M
% Of Pretax Income 19.92% 24.28% 31.59%
Net Earnings $20.50M $81.10M $35.30M
YoY Change 30.57% 129.75% 782.5%
Net Earnings / Revenue 2.64% 2.57% 1.09%
Basic Earnings Per Share $0.18 $0.68 $0.30
Diluted Earnings Per Share $0.18 $0.68 $0.30
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $318.6M $318.6M $90.40M
YoY Change 252.43% 252.43% -55.0%
Cash & Equivalents $318.6M $318.6M $90.40M
Short-Term Investments
Other Short-Term Assets $71.50M $71.50M $95.30M
YoY Change 91.18% -24.97% 90.6%
Inventory $231.0M $231.0M $319.7M
Prepaid Expenses $31.90M
Receivables $338.3M $338.3M $373.3M
Other Receivables $0.00 $0.00 $5.300M
Total Short-Term Assets $959.4M $959.4M $884.0M
YoY Change 8.53% 8.53% -7.84%
LONG-TERM ASSETS
Property, Plant & Equipment $521.5M $521.5M $574.8M
YoY Change 38.51% -9.27% -4.61%
Goodwill $274.8M
YoY Change -0.72%
Intangibles $94.60M
YoY Change -14.93%
Long-Term Investments $55.70M $55.70M $51.10M
YoY Change 33.89% 9.0% -3.77%
Other Assets $330.7M $330.7M $304.9M
YoY Change 991.42% 8.46% -4.06%
Total Long-Term Assets $1.277B $1.277B $1.319B
YoY Change -3.15% -3.15% 1.31%
TOTAL ASSETS
Total Short-Term Assets $959.4M $959.4M $884.0M
Total Long-Term Assets $1.277B $1.277B $1.319B
Total Assets $2.237B $2.237B $2.203B
YoY Change 1.54% 1.54% -2.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $211.3M $211.3M $203.5M
YoY Change 3.83% 3.83% -16.46%
Accrued Expenses $270.5M $270.5M $222.6M
YoY Change 21.52% 21.52% 24.99%
Deferred Revenue $44.80M
YoY Change -11.81%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $35.70M
YoY Change -100.0% -100.0% 643.75%
Total Short-Term Liabilities $607.1M $607.1M $603.3M
YoY Change 0.63% 0.63% 6.36%
LONG-TERM LIABILITIES
Long-Term Debt $446.3M $446.3M $445.5M
YoY Change 0.18% 0.18% -6.68%
Other Long-Term Liabilities $296.2M $296.2M $327.8M
YoY Change 439.53% -9.64% -9.99%
Total Long-Term Liabilities $742.5M $742.5M $773.3M
YoY Change -3.98% -3.98% -8.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $607.1M $607.1M $603.3M
Total Long-Term Liabilities $742.5M $742.5M $773.3M
Total Liabilities $1.350B $1.350B $1.377B
YoY Change -1.96% -1.96% -2.29%
SHAREHOLDERS EQUITY
Retained Earnings $912.8M
YoY Change 3.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $887.1M $887.1M $826.2M
YoY Change
Total Liabilities & Shareholders Equity $2.237B $2.237B $2.203B
YoY Change 1.54% 1.54% -2.57%

Cashflow Statement

Concept 2024 Q1 2024 2023
OPERATING ACTIVITIES
Net Income $20.50M $81.10M $35.30M
YoY Change 30.57% 129.75% 782.5%
Depreciation, Depletion And Amortization $20.80M $83.60M $90.00M
YoY Change -8.77% -7.11% 8.17%
Cash From Operating Activities $57.40M $308.7M $89.40M
YoY Change -34.77% 245.3% -187.13%
INVESTING ACTIVITIES
Capital Expenditures $9.700M $47.10M $59.10M
YoY Change -40.49% -20.3% -2.31%
Acquisitions $0.00 $105.3M
YoY Change -100.0% 223.01%
Other Investing Activities $21.00M $53.20M -$7.500M
YoY Change 133.33% -809.33% -26.47%
Cash From Investing Activities $11.30M $6.100M -$134.8M
YoY Change -254.79% -104.53% 105.8%
FINANCING ACTIVITIES
Cash Dividend Paid $47.60M $57.30M
YoY Change -16.93% -8.47%
Common Stock Issuance & Retirement, Net -$4.200M $3.900M
YoY Change -207.69% -92.93%
Debt Paid & Issued, Net $32.20M $2.700M
YoY Change 1092.59% 3.85%
Cash From Financing Activities -8.100M -82.10M -$62.90M
YoY Change -82.51% 30.52% -47.58%
NET CHANGE
Cash From Operating Activities 57.40M 308.7M $89.40M
Cash From Investing Activities 11.30M 6.100M -$134.8M
Cash From Financing Activities -8.100M -82.10M -$62.90M
Net Change In Cash 60.60M 232.7M -$109.8M
YoY Change 76.16% -311.93% -61.95%
FREE CASH FLOW
Cash From Operating Activities $57.40M $308.7M $89.40M
Capital Expenditures $9.700M $47.10M $59.10M
Free Cash Flow $47.70M $261.6M $30.30M
YoY Change -33.47% 763.37% -118.58%

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CY2024 us-gaap Nature Of Operations
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:18.67pt">NATURE OF OPERATIONS</span><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Steelcase 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 </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,300</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> employees. We operate manufacturing and distribution center facilities in </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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 International reportable segments. See Note 20 for additional information related to our reportable segments.</span></div>
CY2024Q1 dei Entity Number Of Employees
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CY2024 us-gaap Fiscal Period
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<div style="margin-bottom:5pt;margin-top:14pt"><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:9pt"><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 23, 2024, February 24, 2023, and February 25, 2022 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>
CY2024 us-gaap Use Of Estimates
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<div style="margin-bottom:5pt;margin-top:14pt"><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:9pt"><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>
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:5pt;margin-top:14pt"><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:9pt"><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>
CY2024Q1 scs Workers Compensation Liabilityassociatedreceivable
WorkersCompensationLiabilityassociatedreceivable
1700000 usd
CY2023Q1 scs Workers Compensation Liabilityassociatedreceivable
WorkersCompensationLiabilityassociatedreceivable
2600000 usd
CY2024Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1300000 usd
CY2023Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1700000 usd
CY2024Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
5200000 usd
CY2023Q1 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
7300000 usd
CY2024Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
6500000 usd
CY2023Q1 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
9000000.0 usd
CY2024Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
4800000 usd
CY2023Q1 scs Workers Compensation Liabilitynetofassociatedreceivables
WorkersCompensationLiabilitynetofassociatedreceivables
6400000 usd
CY2024Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
300000 usd
CY2023Q1 scs Loss Contingency Accrual Product Liabilityassociatedreceivables
LossContingencyAccrualProductLiabilityassociatedreceivables
400000 usd
CY2024Q1 us-gaap Loss Contingency Accrual Product Liability Gross
LossContingencyAccrualProductLiabilityGross
1200000 usd
CY2023Q1 us-gaap Loss Contingency Accrual Product Liability Gross
LossContingencyAccrualProductLiabilityGross
1700000 usd
CY2024Q1 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
900000 usd
CY2023Q1 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
1300000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
28600000 usd
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
24000000.0 usd
CY2024 scs Standard And Extended Product Warranty Accrual Other Increase
StandardAndExtendedProductWarrantyAccrualOtherIncrease
0 usd
CY2023 scs Standard And Extended Product Warranty Accrual Other Increase
StandardAndExtendedProductWarrantyAccrualOtherIncrease
4500000 usd
CY2024 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
28500000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
21800000 usd
CY2024 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23500000 usd
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
21500000 usd
CY2024 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
0 usd
CY2023 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-100000 usd
CY2024 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
100000 usd
CY2023 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000 usd
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
33700000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
28600000 usd
CY2024Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
17300000 usd
CY2023Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
12000000.0 usd
CY2024Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
600000 usd
CY2023Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
800000 usd
CY2024Q1 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
AccrualForEnvironmentalLossContingenciesDiscountRate
0.035 rate
CY2024Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
3100000 usd
CY2023Q1 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
3600000 usd
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
48200000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
44400000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
45400000 usd
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
446300000 usd
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
481200000 usd
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
423000000.0 usd
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
405900000 usd
CY2024Q1 us-gaap Foreign Currency Fair Value Hedge Derivative At Fair Value Net
ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet
300000 usd
CY2023Q1 us-gaap Foreign Currency Fair Value Hedge Derivative At Fair Value Net
ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet
2000000.0 usd
CY2024Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
94000000.0 usd
CY2023Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
55100000 usd
CY2024 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Description
NewAccountingPronouncementOrChangeInAccountingPrincipleDescription
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.
CY2023Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
500000 usd
CY2024 us-gaap Supplier Finance Program Obligation Increase
SupplierFinanceProgramObligationIncrease
8000000.0 usd
CY2024 us-gaap Supplier Finance Program Obligation Decrease Settlement
SupplierFinanceProgramObligationDecreaseSettlement
8400000 usd
CY2024Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
100000 usd
CY2024 us-gaap Revenues
Revenues
3159600000 usd
CY2023 us-gaap Revenues
Revenues
3232600000 usd
CY2022 us-gaap Revenues
Revenues
2772700000 usd
CY2024 us-gaap Revenues
Revenues
3159600000 usd
CY2023 us-gaap Revenues
Revenues
3232600000 usd
CY2022 us-gaap Revenues
Revenues
2772700000 usd
CY2024 scs Salesrepresentedbyanindividualcustomer
Salesrepresentedbyanindividualcustomer
0.05
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
53400000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50800000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
44800000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
81100000 usd
CY2024 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3100000 usd
CY2024 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
4600000 shares
CY2024 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
4600000 shares
CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78000000.0 usd
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2023 us-gaap Net Income Loss
NetIncomeLoss
35300000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1300000 usd
CY2023 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
4300000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
4300000 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34000000.0 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2022 us-gaap Net Income Loss
NetIncomeLoss
4000000.0 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
100000 usd
CY2022 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
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
NetIncomeLossAvailableToCommonStockholdersBasic
3900000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-50600000 usd
CY2023 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-22100000 usd
CY2023 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
200000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-21900000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-72500000 usd
CY2024Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
164500000 usd
CY2023Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
232800000 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
95900000 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
118100000 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
260400000 usd
CY2023Q1 us-gaap Inventory Gross
InventoryGross
350900000 usd
CY2024Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
-29400000 usd
CY2023Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
-31200000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
231000000.0 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
319700000 usd
CY2024Q1 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
111700000 usd
CY2023Q1 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
134100000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1472100000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1465100000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1119200000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1088600000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
352900000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
376500000 usd
CY2024 us-gaap Depreciation
Depreciation
66000000.0 usd
CY2023 us-gaap Depreciation
Depreciation
67000000.0 usd
CY2022 us-gaap Depreciation
Depreciation
67500000 usd
CY2024 scs Construction In Progress Estimated Cost To Complete
ConstructionInProgressEstimatedCostToComplete
32200000 usd
CY2023 scs Construction In Progress Estimated Cost To Complete
ConstructionInProgressEstimatedCostToComplete
38000000.0 usd
CY2023Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
29000000.0 usd
CY2024Q1 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
166900000 usd
CY2023Q1 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
157300000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
242800000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
36800000 usd
CY2023 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-900000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1900000 usd
CY2023 us-gaap Goodwill Change In Goodwill Allocation Description
GoodwillChangeInGoodwillAllocationDescription
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
598300000 usd
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
321500000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
276800000 usd
CY2024 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-2500000 usd
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
500000 usd
CY2024Q1 us-gaap Goodwill Gross
GoodwillGross
596300000 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
321500000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
274800000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
209500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
115000000.0 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
94500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
208700000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
97600000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
111100000 usd
CY2024Q1 scs Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
100000 usd
CY2024Q1 scs Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
0 usd
CY2024Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
100000 usd
CY2023Q1 scs Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
100000 usd
CY2023Q1 scs Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
0 usd
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
100000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
209600000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
115000000.0 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
94600000 usd
CY2023Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
208800000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
97600000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
111200000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17200000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22800000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14800000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17400000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17100000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17100000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13900000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
11000000.0 usd
CY2024Q1 scs Finite Lived Intangible Assets Amortization Expense Next Five Years
FiniteLivedIntangibleAssetsAmortizationExpenseNextFiveYears
76500000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
45700000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
41600000 usd
CY2024Q1 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
10000000.0 usd
CY2023Q1 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
9500000 usd
CY2024Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
55700000 usd
CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
51100000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13500000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12500000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7800000 usd
CY2024 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9600000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7800000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5500000 usd
CY2024 scs Sales To Unconsolidated Affiliates
SalesToUnconsolidatedAffiliates
247700000 usd
CY2023 scs Sales To Unconsolidated Affiliates
SalesToUnconsolidatedAffiliates
259500000 usd
CY2022 scs Sales To Unconsolidated Affiliates
SalesToUnconsolidatedAffiliates
194200000 usd
CY2024Q1 scs Amount Due From Unconsolidated Affiliates
AmountDueFromUnconsolidatedAffiliates
19600000 usd
CY2023Q1 scs Amount Due From Unconsolidated Affiliates
AmountDueFromUnconsolidatedAffiliates
22500000 usd
CY2022Q1 scs Amount Due From Unconsolidated Affiliates
AmountDueFromUnconsolidatedAffiliates
12900000 usd
CY2024Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
49700000 usd
CY2023Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
46300000 usd
CY2024Q1 us-gaap Debt Current
DebtCurrent
0 usd
CY2023Q1 us-gaap Debt Current
DebtCurrent
35700000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
446300000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
445500000 usd
CY2023Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.060
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
446300000 usd
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
446300000 usd
CY2024 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
800000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000 usd
CY2024Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
300000000.0 usd
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
250000000.0 usd
CY2024 scs Line Of Credit Facility Additional Borrowing Capacity Available
LineOfCreditFacilityAdditionalBorrowingCapacityAvailable
150000000.0 usd
CY2024 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
A maximum net leverage ratio covenant, which is measured by the ratio of (x) Indebtedness less Unrestricted Cash to (y) trailing four fiscal quarter Adjusted EBITDA and is required to be less than 3.5:1. In the context of certain permitted acquisitions, we have the ability, subject to certain conditions, to increase the maximum ratio to 4.0:1 for four consecutive quarters.•A minimum interest coverage ratio covenant, which is measured by the ratio of (y) trailing four quarter Adjusted EBITDA to (z) trailing four quarter Interest Expense and is required to be no less than 3.0:1.
CY2024 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
we were in compliance with all covenants under the facility.
CY2023 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
we were in compliance with all covenants under the prior facility.
CY2024Q1 scs Defined Contribution Obligation
DefinedContributionObligation
27100000 usd
CY2023Q1 scs Defined Contribution Obligation
DefinedContributionObligation
17000000.0 usd
CY2024Q1 scs Employee Benefit Plan Obligations Total
EmployeeBenefitPlanObligationsTotal
142900000 usd
CY2023Q1 scs Employee Benefit Plan Obligations Total
EmployeeBenefitPlanObligationsTotal
131900000 usd
CY2024Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
1500000 usd
CY2023Q1 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
2300000 usd
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
39900000 usd
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
31200000 usd
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
104500000 usd
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
103000000.0 usd
CY2024Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
144400000 usd
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
134200000 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
38400000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
26100000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17100000 usd
CY2024 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
39.9
CY2022Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
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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 Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-400000 usd
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
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
500000 usd
CY2023 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostTax
-100000 usd
CY2023 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
400000 usd
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
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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
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
CY2024 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-1600000 usd
CY2024 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
400000 usd
CY2024 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1200000 usd
CY2024 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
2300000 usd
CY2024 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
-600000 usd
CY2024 scs Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost After Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostAfterTax
1700000 usd
CY2024 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-3900000 usd
CY2024 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossTax
1000000.0 usd
CY2024 scs Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss After Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossAfterTax
-2900000 usd
CY2024 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsBeforeTax
-600000 usd
CY2024 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsTax
100000 usd
CY2024 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Foreign Currency Translation Adjustmentsafter Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansForeignCurrencyTranslationAdjustmentsafterTax
-500000 usd
CY2024 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
4500000 usd
CY2024 scs Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentTax
-1100000 usd
CY2024 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3400000 usd
CY2024Q1 scs Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
1300000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
5900000 usd
CY2024Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
-4600000 usd
CY2024Q1 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0683
CY2024Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0450
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
CY2024Q1 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2024Q1 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
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
CY2024Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
22800000 usd
CY2023Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
22400000 usd
CY2024 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
7700000 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
CY2024 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
100000 shares
CY2023 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
4500000 shares
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6600000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1300000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3500000 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
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
14900000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
14900000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000.0 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25000000.0 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
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-100000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2300000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1800000 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
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2900000 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
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1000000.0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-700000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13400000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26000000.0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
42300000 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
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
64800000 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
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
107100000 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
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22500000 usd
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
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1300000 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
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CY2024 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
5900000 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
CY2024 scs Effective Income Tax Reconciliation Contingent Consideration
EffectiveIncomeTaxReconciliationContingentConsideration
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CY2023 scs Effective Income Tax Reconciliation Contingent Consideration
EffectiveIncomeTaxReconciliationContingentConsideration
900000 usd
CY2022 scs Effective Income Tax Reconciliation Contingent Consideration
EffectiveIncomeTaxReconciliationContingentConsideration
0 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1900000 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
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CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
2200000 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
CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 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
CY2024 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1900000 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
CY2024 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3500000 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
CY2024 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
300000 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
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
400000 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
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
100000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-100000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
200000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26000000.0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
51900000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
52500000 usd
CY2024Q1 scs Deferred Tax Asset Operating Lease Obligations
DeferredTaxAssetOperatingLeaseObligations
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CY2023Q1 scs Deferred Tax Asset Operating Lease Obligations
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CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2024Q1 scs Deferred Tax Assets Capitalized Research Expenditures
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CY2023Q1 scs Deferred Tax Assets Capitalized Research Expenditures
DeferredTaxAssetsCapitalizedResearchExpenditures
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CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
18600000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
18000000.0 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12700000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
17900000 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6500000 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
14400000 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
194200000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
210000000.0 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6200000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4300000 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
188000000.0 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
205700000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
43900000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
50900000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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The Americas segment serves customers in the U.S., Canada, the Caribbean Islands and Latin America with a comprehensive portfolio of furniture, architectural, textile and surface imaging products that are marketed to corporate, government, healthcare, education and retail customers primarily through the Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System and Viccarbe brands.The International segment serves customers in EMEA and Asia Pacific with a comprehensive portfolio of furniture and architectural products that are marketed to corporate, government, education and retail customers primarily through the Steelcase, Coalesse, Orangebox, Smith System and Viccarbe brands.
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