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Restructuring and Impairments (Tables) | 3 Months Ended
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Mar. 31, 2024
Restructuring and Related Activities [Abstract] |
Summary Of Restructuring-Related Costs | The following table presents information associated with this Plan:
|  | Total Amount Expected to be Incurred |  | Three Months Ended March 31, 2024 |  |
Restructuring and restructuring-related |  | $40.0 to $55.0 |  | $ | 8.5 |  |  |
Impairment costs associated with this plan |  | 25.0 to $30.0 |  | 2.3 |  |  |
|  | $65.0 to $85.0 |  | $ | 10.8 |  |  |
Amount of total that represents cash charges |  | $30.0 to $40.0 |  | $ | 6.2 |  |  |
The table below presents all restructuring and restructuring-related activity related to the Plan. We had no material restructuring activity in 2023.
| Three Months Ended March 31, |  |
| 2024 |  |  |  |  |  |
Restructuring costs charged to other (income) expense, net: |  |  |  |  |  |  |
Termination benefits, relocation, and other restructuring costs | $ | 5.7 |  |  |  |  |  |  |
Restructuring-related costs: |  |  |  |  |  |  |
Charged to cost of goods sold: |  |  |  |  |  |  |
Inventory obsolescence and other | 2.3 |  |  |  |  |  |  |
Charged to selling and administrative: |  |  |  |  |  |  |
Professional services and other | .5 |  |  |  |  |  |  |
Total restructuring-related costs | 2.8 |  |  |  |  |  |  |
Total restructuring and restructuring-related costs | 8.5 |  |  |  |  |  |  |
Amount of total that represents cash charges | $ | 6.2 |  |  |  |  |  |  |
Restructuring and restructuring-related charges by segment were as follows:
| Three Months Ended March 31, |  |
| 2024 |  |  |  |  |  |
Bedding Products | $ | 7.0 |  |  |  |  |  |  |
Furniture, Flooring & Textile Products | 1.5 |  |  |  |  |  |  |
Total restructuring and restructuring-related costs | $ | 8.5 |  |  |  |  |  |  |
Restructuring Liability The accrued liability associated with the Plan consisted of the following:
| Balance at December 31, 2023 |  | Add: 2024 Charges |  | Less: 2024 Payments |  | Balance at March 31, 2024
Termination benefits | $ | — |  |  | $ | 2.4 |  |  | $ | .5 |  |  | $ | 1.9 |
Relocation and other restructuring costs | — |  |  | 3.3 |  |  | 3.3 |  |  | — |
Total | $ | — |  |  | $ | 5.7 |  |  | $ | 3.8 |  |  | $ | 1.9 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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