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Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Results From Continuing Operations

A summary of segment results for the periods presented are as follows:

Year Ended December 31,						Bedding Products						Specialized Products						Furniture, Flooring & Textile Products						Total
2024
Trade sales 1						$	1,751.7					$	1,239.1					$	1,392.8					$	4,383.6
Inter-segment sales						25.0						3.3						9.8						38.1
Total segment sales						1,776.7						1,242.4						1,402.6						4,421.7
Less:
Depreciation and amortization						59.0						43.0						21.7						123.7
Nonoperating assets depreciation and amortization 2						5.0						3.4						3.9						12.3
Total depreciation and amortization						64.0						46.4						25.6						136.0
Goodwill impairment (See Note F)						587.9						43.6						44.5						676.0
Restructuring, restructuring-related, and impairment charges (See Note E)						37.4						10.1						2.3						49.8
Gain on sale of real estate						(30.9)						—						—						(30.9)
Gain from net insurance proceeds						—						—						(2.2)						(2.2)
Other segment items 3						1,667.3						1,077.9						1,274.2						4,019.4
Segment EBIT						$	(549.0)					$	64.4					$	58.2					(426.4)
Intersegment eliminations and other 4																								(3.5)
Interest expense net of interest income																								(79.3)
Earnings (loss) before income taxes																								$	(509.2)

Year Ended December 31,						Bedding Products						Specialized Products						Furniture, Flooring & Textile Products						Total
2023
Trade sales 1						$	1,964.7					$	1,279.8					$	1,480.8					$	4,725.3
Inter-segment sales						31.9						1.5						11.7						45.1
Total segment sales						1,996.6						1,281.3						1,492.5						4,770.4
Less:
Depreciation and amortization						103.9						41.1						22.5						167.5
Nonoperating assets depreciation and amortization 2						5.3						3.3						3.8						12.4
Total depreciation and amortization						109.2						44.4						26.3						179.9
Long-lived asset impairment (See Note F)						443.7						—						—						443.7
Gain on sale of real estate						(5.4)						—						(5.5)						(10.9)
Gain from net insurance proceeds						(1.9)						—						(7.0)						(8.9)
Other segment items 3						1,795.2						1,111.9						1,350.1						4,257.2
Segment EBIT						$	(344.2)					$	125.0					$	128.6					(90.6)
Intersegment eliminations and other																								.2
Interest expense net of interest income																								(83.0)
Earnings (loss) before income taxes																								$	(173.4)

Year Ended December 31						Bedding Products						Specialized Products						Furniture, Flooring & Textile Products						Total
2022
Trade sales 1						$	2,356.3					$	1,118.3					$	1,672.1					$	5,146.7
Inter-segment sales						40.5						2.2						14.5						57.2
Total segment sales						2,396.8						1,120.5						1,686.6						5,203.9
Less:
Depreciation and amortization						104.1						40.5						23.2						167.8
Nonoperating assets depreciation and amortization 2						5.5						2.6						3.9						12.0
Total depreciation and amortization						109.6						43.1						27.1						179.8
Other segment items 3						2,067.6						978.0						1,494.5						4,540.1
Segment EBIT						$	219.6					$	99.4					$	165.0					484.0
Intersegment eliminations and other																								1.0
Interest expense net of interest income																								(81.4)
Earnings (loss) before income taxes																								$	403.6

1 See Note B for revenue by product family.

2 Assets are not allocated to segments for internal reporting presentations. A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment.

3 Other segment items included in segment EBIT but not regularly provided to the CODM are comprised of cost of goods sold, selling and administrative expenses, and other expense (income), net.

4 2024 Intersegment eliminations and other included $3.7 in CEO transition compensation costs.

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 working capital (current assets and current liabilities utilized in operations) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the year. Acquired companies’ long-lived assets as disclosed below include property, plant and equipment, goodwill, and intangible assets.

			Year Ended December 31,
			Assets						Additions to Property, Plant and Equipment						Acquired Companies’ Long-Lived Assets
2024
Bedding Products			$	741.8					$	30.5					$	—
Specialized Products			398.7						35.2						—
Furniture, Flooring & Textile Products			346.1						9.7						—
Average current liabilities included in segment numbers above			692.7						—						—
Unallocated assets and other 1, 2			1,634.0						6.2						—
Difference between average assets and year-end balance sheet			(151.7)						—						—
			$	3,661.6					$	81.6					$	—
2023
Bedding Products			$	815.2					$	47.3					$	—
Specialized Products			398.6						42.7						—
Furniture, Flooring & Textile Products			390.3						12.7						—
Average current liabilities included in segment numbers above			736.1						—						—
Unallocated assets and other 1, 3			2,403.2						11.1						—
Difference between average assets and year-end balance sheet			(108.9)						—						—
			$	4,634.5					$	113.8					$	—
2022
Bedding Products			$	931.2					$	42.1					$	—
Specialized Products			350.1						28.2						93.8
Furniture, Flooring & Textile Products			423.1						12.5						7.1
Average current liabilities included in segment numbers above			793.9						—						—
Unallocated assets and other 1			2,840.6						17.5						—
Difference between average assets and year-end balance sheet			(152.8)						—						—
			$	5,186.1					$	100.3					$	100.9

1 Unallocated assets consists primarily of goodwill, other intangibles, cash, and deferred tax assets.

2 2024 unallocated assets reflects a $676.0 goodwill impairment as discussed in Note F.

3 2023 unallocated assets reflects a $443.7 long-lived asset impairment as discussed in Note F.

Schedule Of Revenue From External Sales And Long-Lived Assets, By Geographical Areas

Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.

			Year Ended December 31,
			2024						2023						2022
Trade sales
Foreign sales
Europe			$	660.6					$	715.2					$	624.5
China			443.5						464.7						501.5
Canada			289.5						296.6						279.4
Mexico			214.0						232.6						262.8
Other			143.4						139.2						129.2
Total foreign sales			1,751.0						1,848.3						1,797.4
United States			2,632.6						2,877.0						3,349.3
Total trade sales			$	4,383.6					$	4,725.3					$	5,146.7
Tangible long-lived assets
Foreign tangible long-lived assets
Europe			$	144.9					$	149.4					$	142.1
China			44.3						47.1						45.2
Canada			23.1						25.6						24.3
Mexico			11.6						14.3						14.1
Other			6.8						7.3						7.9
Total foreign tangible long-lived assets			230.7						243.7						233.6
United States			493.7						537.5						538.8
Total tangible long-lived assets			$	724.4					$	781.2					$	772.4

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