Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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