Revolution Work Transformation
From the Personal Harbor
  of Jim Hackett
The Road to Six Billion and Beyond
The Six Growth Strategies Illustrated
Information for Our Investors
Steelcase Offerings Around
  the World
Financial Highlights
MD&A
Consolidated Statements of Income
Consolidated Balance Sheets
Consolidated Statements of Changes
  in Shareholders' Equity
Consolidated Statements of Cash
  Flows
Notes to Consolidated Financial   Statements
 1. Nature of Operations
 2. Summary of Significant
Accounting Policies
 3. Comprehensive Income
 4. Initial Public Offering
 5. Inventories
 6. Property and Equipment, Net
 7. Notes Receivable and
Leased Assets
 8. Joint Ventures and Dealer
Transitions
 9. Other Assets
10. Short-Term Borrowings and
Long-Term Debt
11. Employee Benefit Plan
Obligations
12. Capital Structure
13. Stock Incentive Plans
14. Other Income, Net
15. Income Taxes
16. Financial, Instruments,
Concentrations of Credit Risk
and Off-Balance-Sheet Risk
17. Commitments
and Contingencies
18. Operating Segments
19. Acquisitions
20. Unaudited Quarterly Results
Report of Independent Certified
  Public Accountants and
  Management's Responsibility
  for Financial Reporting
Directors and Executive



ST E E L C A S E  I N C.
Notes to Consolidated Financial Statements

Note 3

COMPREHENSIVE INCOME

Total comprehensive income is comprised of net income and all changes to shareholders’ equity, except those due to investments by owners and distributions to owners. For the Company, other comprehensive income consists of foreign currency translation adjustments, which aggregated $33.4 million and $13.8 million at February 25, 2000 and February 26, 1999, respectively, unrealized gain (loss) on investments and minimum pension liabilities, as follows:

(in millions)

Year Ended
Feb 25, 2000
Feb 26, 1999
Feb 27, 1998

Other comprehensive
    income (loss), net of tax:

        Foreign currency
            translation adjustments
$ (19.6)
$ 0.7
$ (14.4)

        Unrealized gain (loss)
           on investments
1.1)
(0.7)

        Minimum pension
           liabilities
0.5)
(0.5)

Other comprehensive
    income (loss)
$ (18.0)
$ (0.5)
$ (14.4)