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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Results From Continuing Operations | A summary of segment results for the periods presented are as follows:
| Year Ended December 31
| Trade 1 Sales |  | Inter- Segment Sales |  | Total Segment Sales |  | EBIT |  | Depreciation and Amortization
2022 |  |  |  |  |  |  |  |  |
Bedding Products | $ | 2,356.3 |  |  | $ | 40.5 |  |  | $ | 2,396.8 |  |  | $ | 219.6 |  |  | $ | 104.1 |
Specialized Products | 1,118.3 |  |  | 2.2 |  |  | 1,120.5 |  |  | 99.4 |  |  | 40.5 |
Furniture, Flooring & Textile Products | 1,672.1 |  |  | 14.5 |  |  | 1,686.6 |  |  | 165.0 |  |  | 23.2 |
Intersegment eliminations and other 2 |  |  |  |  |  |  | 1.0 |  |  | 12.0 |
| $ | 5,146.7 |  |  | $ | 57.2 |  |  | $ | 5,203.9 |  |  | $ | 485.0 |  |  | $ | 179.8 |
2021 |  |  |  |  |  |  |  |  |
Bedding Products 3 | $ | 2,455.9 |  |  | $ | 44.1 |  |  | $ | 2,500.0 |  |  | $ | 321.3 |  |  | $ | 106.8 |
Specialized Products | 998.9 |  |  | 3.6 |  |  | 1,002.5 |  |  | 115.9 |  |  | 44.8 |
Furniture, Flooring & Textile Products | 1,617.8 |  |  | 13.4 |  |  | 1,631.2 |  |  | 159.5 |  |  | 24.0 |
Intersegment eliminations and other 2 |  |  |  |  |  |  | (.7) |  |  | 11.7 |
| $ | 5,072.6 |  |  | $ | 61.1 |  |  | $ | 5,133.7 |  |  | $ | 596.0 |  |  | $ | 187.3 |
2020 |  |  |  |  |  |  |  |  |
Bedding Products | $ | 2,039.3 |  |  | $ | 32.2 |  |  | $ | 2,071.5 |  |  | $ | 192.4 |  |  | $ | 106.7 |
Specialized Products 4 | 891.2 |  |  | 2.8 |  |  | 894.0 |  |  | 92.0 |  |  | 44.3 |
Furniture, Flooring & Textile Products | 1,349.7 |  |  | 13.8 |  |  | 1,363.5 |  |  | 126.5 |  |  | 25.5 |
Intersegment eliminations and other 2,5 |  |  |  |  |  |  | (3.4) |  |  | 12.9 |
| $ | 4,280.2 |  |  | $ | 48.8 |  |  | $ | 4,329.0 |  |  | $ | 407.5 |  |  | $ | 189.4 |
1 See Note B for revenue by product family. 2 Depreciation and amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above. 3 2021 EBIT: Includes $28.2 gain on the sale of real estate associated with our exited Fashion Bed business. 4 2020 EBIT: Includes $25.4 of goodwill impairment for the Hydraulic Cylinders unit as discussed in Note C. 5 2020 EBIT: Other includes a charge to write off stock associated with a prior year divestiture that filed bankruptcy in 2020.
Revenues From External Customers | We disaggregate revenue by customer group, which is the same as our product families for each of our segments, as we believe this best depicts how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. For information regarding our segment structure, see Note F.
| Year Ended December 31
| 2022 |  | 2021 |  | 2020
Bedding Products |  |  |  |  |
Bedding Group | $ | 2,356.3 |  |  | $ | 2,455.9 |  |  | $ | 2,039.3 |
| 2,356.3 |  |  | 2,455.9 |  |  | 2,039.3 |
Specialized Products |  |  |  |  |
Automotive Group | 846.5 |  |  | 801.4 |  |  | 719.0 |
Aerospace Products Group | 120.9 |  |  | 102.9 |  |  | 102.4 |
Hydraulic Cylinders Group 1 | 150.9 |  |  | 94.6 |  |  | 69.8 |
| 1,118.3 |  |  | 998.9 |  |  | 891.2 |
Furniture, Flooring & Textile Products |  |  |  |  |
Home Furniture Group | 398.0 |  |  | 434.3 |  |  | 320.9 |
Work Furniture Group | 318.7 |  |  | 284.1 |  |  | 231.1 |
Flooring & Textile Products Group | 955.4 |  |  | 899.4 |  |  | 797.7 |
| 1,672.1 |  |  | 1,617.8 |  |  | 1,349.7 |
| $ | 5,146.7 |  |  | $ | 5,072.6 |  |  | $ | 4,280.2 |
1 On August 26, 2022, we acquired a leading global manufacturer of hydraulic cylinders for heavy construction equipment (see Note R).Average assets for our segments are shown in the table below and reflect the basis for return measures used by management to evaluate segment performance. These segment totals include working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the year. Acquired companies’ long-lived assets as disclosed below include property, plant and equipment, goodwill, and intangible assets.
| Year Ended December 31
| Assets |  | Additions to Property, Plant and Equipment |  | Acquired Companies’ Long-Lived Assets |  |
2022 |  |  |  |  |  |  |
Bedding Products | $ | 931.2 |  |  | $ | 42.1 |  |  | $ | — |  |  |
Specialized Products | 350.1 |  |  | 28.2 |  |  | 93.8 |  |  |
Furniture, Flooring & Textile Products | 423.1 |  |  | 12.5 |  |  | 7.1 |  |  |
Average current liabilities included in segment numbers above | 793.9 |  |  | — |  |  | — |  |  |
Unallocated assets and other | 2,840.6 |  |  | 17.5 |  |  | — |  |  |
Difference between average assets and year-end balance sheet | (152.8) |  |  | — |  |  | — |  |  |
| $ | 5,186.1 |  |  | $ | 100.3 |  |  | $ | 100.9 |  |  |
2021 |  |  |  |  |  |  |
Bedding Products | $ | 836.0 |  |  | $ | 67.1 |  |  | $ | 136.6 |  |  |
Specialized Products | 316.7 |  |  | 20.6 |  |  | 25.1 |  |  |
Furniture, Flooring & Textile Products | 373.5 |  |  | 9.8 |  |  | 6.2 |  |  |
Average current liabilities included in segment numbers above | 814.1 |  |  | — |  |  | — |  |  |
Unallocated assets and other | 2,828.5 |  |  | 9.1 |  |  | — |  |  |
Difference between average assets and year-end balance sheet | 138.5 |  |  | — |  |  | — |  |  |
| $ | 5,307.3 |  |  | $ | 106.6 |  |  | $ | 167.9 |  |  |
2020 |  |  |  |  |  |  |
Bedding Products | $ | 739.0 |  |  | $ | 27.1 |  |  | $ | — |  |  |
Specialized Products | 299.5 |  |  | 13.2 |  |  | — |  |  |
Furniture, Flooring & Textile Products | 348.6 |  |  | 7.9 |  |  | — |  |  |
Average current liabilities included in segment numbers above | 665.0 |  |  | — |  |  | — |  |  |
Unallocated assets and other | 2,759.1 |  |  | 18.0 |  |  | — |  |  |
Difference between average assets and year-end balance sheet | (11.2) |  |  | — |  |  | — |  |  |
| $ | 4,800.0 |  |  | $ | 66.2 |  |  | $ | — |  |  |
Schedule Of Revenue From External Sales And Long-Lived Assets, By Geographical Areas | Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.
| Year Ended December 31
| 2022 |  | 2021 |  | 2020
Trade sales |  |  |  |  |
Foreign sales |  |  |  |  |
Europe | $ | 624.5 |  |  | $ | 589.0 |  |  | $ | 420.9 |
China | 501.5 |  |  | 559.0 |  |  | 441.7 |
Canada | 279.4 |  |  | 262.0 |  |  | 261.5 |
Mexico | 262.8 |  |  | 276.0 |  |  | 215.4 |
Other | 129.2 |  |  | 116.1 |  |  | 94.7 |
Total foreign sales | 1,797.4 |  |  | 1,802.1 |  |  | 1,434.2 |
United States | 3,349.3 |  |  | 3,270.5 |  |  | 2,846.0 |
Total trade sales | $ | 5,146.7 |  |  | $ | 5,072.6 |  |  | $ | 4,280.2 |
Tangible long-lived assets |  |  |  |  |
Foreign tangible long-lived assets |  |  |  |  |
Europe | $ | 142.1 |  |  | $ | 150.1 |  |  | $ | 155.0 |
China | 45.2 |  |  | 44.1 |  |  | 45.4 |
Canada | 24.3 |  |  | 26.9 |  |  | 30.2 |
Mexico | 14.1 |  |  | 13.9 |  |  | 8.8 |
Other | 7.9 |  |  | 9.8 |  |  | 11.1 |
Total foreign tangible long-lived assets | 233.6 |  |  | 244.8 |  |  | 250.5 |
United States | 538.8 |  |  | 536.7 |  |  | 534.3 |
Total tangible long-lived assets | $ | 772.4 |  |  | $ | 781.5 |  |  | $ | 784.8 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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