REVENUE

Accounting Policies

Our revenue consists substantially of product sales and related service revenue. Product sales are reported net of discounts and are recognized when control, consisting of the rights and obligations associated with the sale, passes to the purchaser. For sales to our dealers, this typically occurs when product is shipped. In cases where we sell directly to customers, control is typically transferred upon delivery. Service revenue is recognized when the services have been rendered.

We account for shipping and handling activities as fulfillment activities even if those activities are performed after the control of the good has been transferred. We expense shipping and handling costs at the time revenue is recognized.

Revenue does not include sales tax or any other taxes assessed by a governmental authority that are imposed on and concurrent with a specific sale, such as use, excise, value-added, and franchise taxes (collectively referred to as consumption taxes). We consider ourselves a pass-through entity for collecting and remitting these consumption taxes.

Disaggregation of Revenue

The following table provides information about disaggregated revenue by product category for each of our reportable segments:



Product Category Data	Three Months Ended				Nine Months Ended
Product Category Data	November 23, 2018		November 24, 2017		November 23, 2018		November 24, 2017
Americas
Systems and storage	$	337.6	$	295.5	$	906.6	$	850.0
Seating	195.5		181.3		541.4		526.2
Other (1)	105.5		76.0		380.5		280.1
EMEA
Systems and storage	49.6		53.8		174.3		158.2
Seating	33.1		34.2		121.4		111.0
Other (1)	88.2		53.1		145.8		103.2
Other
Systems and storage	13.8		13.4		41.6		48.3
Seating	26.4		16.8		67.9		59.0
Other (1)	51.3		48.0		151.3		146.8
	$	901.0	$	772.1	$	2,530.8	$	2,282.8

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(1)	The Other product category data by segment consists primarily of consolidated dealers, textiles and surface materials, worktools, architecture, technology, other uncategorized product lines and services.

Reportable geographic information is as follows:



Reportable Geographic Revenue	Three Months Ended				Nine Months Ended
Reportable Geographic Revenue	November 23, 2018		November 24, 2017		November 23, 2018		November 24, 2017
United States	$	586.0	$	385.7	$	1,640.1	$	1,340.7
Foreign locations	315.0		386.4		890.7		942.1
	$	901.0	$	772.1	$	2,530.8	$	2,282.8

Contract Balances

At times, we receive deposits from customers before revenue is recognized, resulting in the recognition of a contract liability (Customer deposits) presented in the Condensed Consolidated Balance Sheets.

Changes in the Customer deposits balance during the nine months ended November 23, 2018 are as follows:



	Customer Deposits
Balance as of February 23, 2018	$	28.2
Increases due to deposits received, net of other adjustments	21.4
Revenue recognized	(25.3		)
Balance as of November 23, 2018	$	24.3

Practical Expedients Elected

Our sales contracts are typically less than one year in length and do not have significant financing components. Therefore, we elected to apply the following practical expedients:


•	We recognize the incremental costs to obtain a contract as an expense when incurred.


•	We recognize the promised amount of consideration without adjusting for any significant financing components.

These elections had no effect on our financial statements.