The Corporation occasionally enters into joint ventures and other equity investments to expand or maintain its geographic presence, support its distribution network, or invest in new business ventures, complementary products and services through dealer relationships and manufacturing joint ventures. The only current manufacturing joint venture is Steelcase Jeraisy Company Limited, which is located in the Kingdom of Saudi Arabia and is engaged in the manufacturing of wood and metal office furniture systems, seating, accessories and related products for the Kingdom.

The investment balances as of January 3, 2026 were acquired as part of the December 10, 2025 acquisition of Steelcase. The valuation of those acquired investments is preliminary and subject to change during the measurement period. See "Note 3. Acquisitions and Divestitures" for further information on the Steelcase acquisition. The current period increase is related to the Corporation entering into various agreements with dealers to drive alignment, further the dealer relationship, and gain commitments for sale of the Corporation's products.

The Corporation's investments in unconsolidated affiliates and related direct ownership interests are recorded in are summarized below:


	July 4, 2026				January 3, 2026
	Investment Balance		Ownership Interest		Investment Balance		Ownership Interest
Equity method investments:
Dealer relationships	$	42.1	25%-40%		$	38.4	25% - 40%
Manufacturing joint venture	8.3		49	%	8.0		49	%
	50.4				46.4
Cost method investments:
Dealer relationships	32.7		18	%	5.8		Less than 10%
Other	0.0		Less than 10%		2.2		Less than 10%
	32.7				8.0
Total investments in unconsolidated affiliates	$	83.0			$	54.4