v3.26.1
Revenue from Contracts with Customers
 6 Months Ended
Jul. 04, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregation of Revenue

Revenue from contracts with customers disaggregated by product category is as follows:
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Systems, storage, and tables$594.9 $322.0 $1,157.8 $597.2 
Seating343.7 149.7 655.7 283.3 
Education170.6 20.8 245.9 28.6 
Other(1)
214.5 23.4 449.9 47.9 
Total workplace furnishings1,323.7 516.0 2,509.2 957.0 
Residential building products148.7 151.1 310.8 309.8 
Net sales$1,472.4 $667.1 $2,819.9 $1,266.8 

(1) The other category consists of architectural products, workspace accessories, and miscellaneous product lines and services.

Sales by product category are subject to similar economic factors and market conditions. See "Note 14. Reportable Segment Information" for further information about operating segments.

The increase in Workplace Furnishings net sales in the current year period was driven by the acquisition of Steelcase in December 2025. See "Note 3. Acquisition and Divestitures" for further information.
Contract Liabilities

The Corporation has contract liabilities consisting of customer deposits included in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets as follows:
July 4,
2026		January 3,
2026
Contract liabilities - Customer deposits$89.0 $102.9 

Contract liabilities for customer deposits paid to the Corporation prior to the satisfaction of performance obligations are recognized as revenue upon completion of the performance obligations. The contract liability balance related to customer deposits was $102.9 million as of January 3, 2026, of which $87.4 million was recognized as revenue in the six-months ended July 4, 2026.

In addition to trade receivables, the Corporation has other assets consisting of funds paid up-front to certain workplace furnishings dealers in exchange for their multi-year commitment to market and sell the Corporation’s products. These assets are amortized over the term of the contracts and recognized as a reduction of revenue and are as follows in the Condensed Consolidated Balance Sheets:
July 4,
2026		January 3,
2026
Current - Prepaid expenses and other current assets$5.1 $3.1 
Long Term - Other assets$57.8 $26.3 
The increase in assets in the current year was driven by additional investments in workplace furnishings dealers.