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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Summary of Segment Results from Continuing Operations | A summary of segment results is shown in the following tables:
| Trade 1 Sales |  | Inter- Segment Sales |  | Total Sales |  | EBIT |  | Depreciation and Amortization
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Bedding Products 2 | $ | 445.5 |  |  | $ | 6.1 |  |  | $ | 451.6 |  |  | $ | 25.5 |  |  | $ | 14.8 |
Specialized Products | 299.9 |  |  | 1.5 |  |  | 301.4 |  |  | 24.8 |  |  | 11.0 |
Furniture, Flooring & Textile Products | 356.3 |  |  | 2.1 |  |  | 358.4 |  |  | 27.4 |  |  | 5.4 |
Intersegment eliminations and other 3 |  |  |  |  |  |  | — |  |  | 5.2 |
| $ | 1,101.7 |  |  | $ | 9.7 |  |  | $ | 1,111.4 |  |  | $ | 77.7 |  |  | $ | 36.4 |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |
Bedding Products | $ | 483.3 |  |  | $ | 7.4 |  |  | $ | 490.7 |  |  | $ | 31.1 |  |  | $ | 26.2 |
Specialized Products | 319.4 |  |  | .3 |  |  | 319.7 |  |  | 31.2 |  |  | 10.7 |
Furniture, Flooring & Textile Products | 372.7 |  |  | 2.8 |  |  | 375.5 |  |  | 29.5 |  |  | 5.5 |
Intersegment eliminations and other 3 |  |  |  |  |  |  | (.4) |  |  | 2.6 |
| $ | 1,175.4 |  |  | $ | 10.5 |  |  | $ | 1,185.9 |  |  | $ | 91.4 |  |  | $ | 45.0 |
| Trade 1 Sales |  | Inter- Segment Sales |  | Total Sales |  | EBIT |  | Depreciation and Amortization
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Bedding Products 2,4 | $ | 1,331.5 |  |  | $ | 19.0 |  |  | $ | 1,350.5 |  |  | $ | (550.6) |  |  | $ | 43.7 |
Specialized Products 4 | 935.4 |  |  | 3.2 |  |  | 938.6 |  |  | 39.0 |  |  | 31.4 |
Furniture, Flooring & Textile Products 4 | 1,060.3 |  |  | 7.6 |  |  | 1,067.9 |  |  | 41.6 |  |  | 16.2 |
Intersegment eliminations and other 3 |  |  |  |  |  |  | (3.6) |  |  | 10.6 |
| $ | 3,327.2 |  |  | $ | 29.8 |  |  | $ | 3,357.0 |  |  | $ | (473.6) |  |  | $ | 101.9 |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |
Bedding Products | $ | 1,516.2 |  |  | $ | 25.5 |  |  | $ | 1,541.7 |  |  | $ | 87.4 |  |  | $ | 77.3 |
Specialized Products | 961.3 |  |  | 1.2 |  |  | 962.5 |  |  | 93.0 |  |  | 31.7 |
Furniture, Flooring & Textile Products | 1,132.7 |  |  | 9.3 |  |  | 1,142.0 |  |  | 96.7 |  |  | 17.0 |
Intersegment eliminations and other 3 |  |  |  |  |  |  | (.7) |  |  | 9.1 |
| $ | 3,610.2 |  |  | $ | 36.0 |  |  | $ | 3,646.2 |  |  | $ | 276.4 |  |  | $ | 135.1 |
1 See Note B for revenue by product family. 2 The lower amortization expense in the three and nine months ended September 30, 2024 is due to the fourth quarter 2023 long-lived asset impairment. 3 Depreciation and Amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above. 4 EBIT for the nine months ended September 30, 2024 includes $675.3 of goodwill impairments as discussed in Note F.
Summary of Average Assets for Segments | 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 the average of both working capital (all current assets and current liabilities) plus net property, plant and equipment.
Average Assets by Segment |  | September 30, 2024 |  | December 31, 2023
Bedding Products |  | $ | 755.8 |  |  | $ | 815.2 |
Specialized Products |  | 399.4 |  |  | 398.6 |
Furniture, Flooring & Textile Products |  | 354.4 |  |  | 390.3 |
Average current liabilities included in segment numbers above |  | 688.3 |  |  | 736.1 |
Unallocated assets 1 |  | 1,608.6 |  |  | 2,403.2 |
Difference between average assets and period-end balance sheet |  | (26.4) |  |  | (108.9) |
Total assets |  | $ | 3,780.1 |  |  | $ | 4,634.5 |
1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and deferred tax assets. The September 30, 2024 unallocated assets reflects the $675.3 goodwill impairment as discussed in Note F.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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