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GOODWILL IMPAIRMENT TESTING (Tables) | 6 Months Ended
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Jun. 30, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Goodwill |
2023
Fair Value over Carrying Value divided by Carrying Value |  | June 30, 2023 Goodwill Value |  | Compound Annual Growth Rate (CAGR) Range for Sales |  | Terminal Values Long-term Growth Rate for Debt-Free Cash Flow |  | Discount Rate Ranges
Less than 50% 1 |  | $ | 1,007.8 |  |  | 1% - 17% |  | 3 | % |  | 10% - 12%
50% - 100% 2 |  | 98.9 |  |  | < 1 |  | 3 |  |  | 8
101% - 300% |  | 370.4 |  |  | 3 - 6 |  | 3 |  |  | 8 - 10
|  | $ | 1,477.1 |  |  | < 1% - 17% |  | 3 | % |  | 8% - 12%
2022
Fair Value over Carrying Value divided by Carrying Value |  | December 31, 2022 Goodwill Value |  | CAGR Range for Sales |  | Terminal Values Long-term Growth Rate for Debt-Free Cash Flow |  | Discount Rate Ranges
Less than 50% 1 |  | $ | 107.8 |  |  | 4% - 9% |  | 3 | % |  | 12%
50% - 100% 2 |  | 998.7 |  |  | 3 - 5 |  | 3 |  |  | 10
101% - 300% |  | 248.3 |  |  | 1 - 3 |  | 3 |  |  | 10
Greater than 300% |  | 119.6 |  |  | 8 |  | 3 |  |  | 12
|  | $ | 1,474.4 |  |  | 1% - 9% |  | 3 | % |  | 10% - 12%
1 This category includes three reporting units (Bedding, Aerospace, and Hydraulic Cylinders) for 2023 and the Aerospace and Hydraulic Cylinders units for 2022. •The fair value of our Bedding reporting unit exceeded its carrying value by 40% at our second quarter 2023 testing date as compared to 54% in 2022. Goodwill associated with this reporting unit was $904.0 at June 30, 2023 and $900.3 at December 31, 2022. •The fair value of our Aerospace reporting unit exceeded its carrying value by 44% at our second quarter 2023 testing date as compared to 40% in 2022. Goodwill associated with this reporting unit was $67.0 at June 30, 2023 and $66.3 at December 31, 2022. •The fair value of the Hydraulic Cylinders reporting unit exceeded its carrying value by 18% as of our second quarter 2023 testing date, compared to 32% in 2022. At the time of our annual goodwill impairment testing in 2022, there was no goodwill associated with this reporting unit, but an August 2022 acquisition added goodwill. Goodwill associated with this reporting unit was $36.8 at June 30, 2023 and $41.5 at December 31, 2022. 2 This category includes one reporting unit (Work Furniture) for 2023 and the Work Furniture and Bedding reporting units for 2022. •The fair value of our Work Furniture reporting unit exceeded its carrying value by 74% at our second quarter 2023 testing date as compared to 78% in 2022. Goodwill associated with this reporting unit was $98.9 at June 30, 2023 and $98.4 at December 31, 2022.

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