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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amounts of goodwill are as follows:
| Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Net goodwill as of January 1, 2023 | $ | 900.3 |  |  | $ | 227.4 |  |  | $ | 346.7 |  |  | $ | 1,474.4 |
Adjustments to prior year acquisitions | — |  |  | 2.9 |  |  | .8 |  |  | 3.7 |
Foreign currency translation adjustment | 6.2 |  |  | 3.4 |  |  | 2.1 |  |  | 11.7 |
Net goodwill as of December 31, 2023 1 | 906.5 |  |  | 233.7 |  |  | 349.6 |  |  | 1,489.8 |
Impairment charge | (587.9) |  |  | (43.6) |  |  | (44.5) |  |  | (676.0) |
Foreign currency translation adjustment | (8.6) |  |  | (7.2) |  |  | (3.6) |  |  | (19.4) |
Net goodwill as of December 31, 2024 2 | $ | 310.0 |  |  | $ | 182.9 |  |  | $ | 301.5 |  |  | $ | 794.4 |
1 Net goodwill as of December 31, 2023 is comprised of: |  |  |  |  |  |  |
Gross goodwill | $ | 911.9 |  |  | $ | 325.8 |  |  | $ | 600.2 |  |  | $ | 1,837.9 |
Accumulated impairment losses | (5.4) |  |  | (92.1) |  |  | (250.6) |  |  | (348.1) |
Net goodwill as of December 31, 2023 | $ | 906.5 |  |  | $ | 233.7 |  |  | $ | 349.6 |  |  | $ | 1,489.8 |
2 Net goodwill as of December 31, 2024 is comprised of: |  |  |  |  |  |  |
Gross goodwill | $ | 903.3 |  |  | $ | 318.6 |  |  | $ | 596.6 |  |  | $ | 1,818.5 |
Accumulated impairment losses | (593.3) |  |  | (135.7) |  |  | (295.1) |  |  | (1,024.1) |
Net goodwill as of December 31, 2024 | $ | 310.0 |  |  | $ | 182.9 |  |  | $ | 301.5 |  |  | $ | 794.4 |
The gross carrying amount and accumulated amortization by intangible asset class and intangible assets acquired during the periods presented, included in "Other intangibles, net" on the Consolidated Balance Sheets, are as follows:
| December 31, 2024 |  | Year Ended December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Gross carrying amounts of items acquired |  | Weighted average life in years for items acquired
Customer-related intangibles | $ | 193.0 |  |  | $ | 120.5 |  |  | $ | 72.5 |  |  | $ | — |  |  | 0
Technology | 85.8 |  |  | 63.8 |  |  | 22.0 |  |  | — |  |  | 0
Patents and trademarks 1 | 77.6 |  |  | 39.4 |  |  | 38.2 |  |  | 1.5 |  |  | 8.5
Non-compete agreements, supply agreements and other | 30.0 |  |  | 22.3 |  |  | 7.7 |  |  | .9 |  |  | 5.0
Total | $ | 386.4 |  |  | $ | 246.0 |  |  | $ | 140.4 |  |  | $ | 2.4 |  |  | 7.2
| December 31, 2023 |  | Year Ended December 31, 2023
Customer-related intangibles | $ | 331.5 |  |  | $ | 244.7 |  |  | $ | 86.8 |  |  | $ | — |  |  | 0
Technology | 86.8 |  |  | 60.8 |  |  | 26.0 |  |  | — |  |  | 0
Patents and trademarks 1 | 103.6 |  |  | 59.8 |  |  | 43.8 |  |  | 1.5 |  |  | 19.3
Non-compete agreements, supply agreements and other | 62.0 |  |  | 51.1 |  |  | 10.9 |  |  | — |  |  | 0
Total 2 | $ | 583.9 |  |  | $ | 416.4 |  |  | $ | 167.5 |  |  | $ | 1.5 |  |  | 19.3
1 $17.4 and $18.2 of our trademarks at December 31, 2024 and December 31, 2023, respectively, are not subject to amortization. 2 We incurred impairment charges in 2023 associated with intangible assets as discussed in Note F. Estimated amortization expense for the next five years is as follows:
2025 | $ | 21.9 |
2026 | 19.9 |
2027 | 18.3 |
2028 | 17.5 |
2029 | 16.4 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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