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Restructuring and Related Activities (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Summary of Restructuring-Related Costs

The following table presents all 2024 restructuring and restructuring-related activity, including impairments:

			Total Amount Expected to be Incurred			Year Ended December 31,
						2024
2024 Restructuring Plan activity:
Net restructuring and restructuring-related			$60.0 to $70.0			$	43.6
Goodwill and long-lived asset impairment costs associated with this plan (see Note F)			Approximately $20.0			4.2
Total 2024 Restructuring Plan activity			$80.0 to $90.0			47.8
Other restructuring activity:
Net restructuring and restructuring-related 1						2.9
Total net restructuring and restructuring-related activity, including impairments						$	50.7
Amount of total that represents net cash charges to 2024 Plan						30.3
Amount of total that represents net cash charges to other restructuring						2.9
Amount of total that represents net cash charges						$	33.2

1 This includes $2.7 of restructuring-related costs due to exploring a potential sale of our Aerospace business. This business has not reached the criteria to be classified as held for sale.

The table below presents all 2024 Plan restructuring and restructuring-related activity:

			Income Statement Presentation						Year Ended December 31,
									2024
Restructuring costs associated with the 2024 Plan:
Termination benefits, relocation, and other restructuring costs			Other expense (income), net						$	18.5
Restructuring-related costs (gains):
Write-down of inventories and other			Cost of goods sold						13.2
Professional services and other			Selling and administrative expenses						13.5
Gain on sale of equipment			Net gain from disposal of assets						(1.6)
Total restructuring-related costs									25.1
Total net restructuring and restructuring-related costs									$	43.6
Amount of total that represents net cash charges									$	30.3

Net restructuring and restructuring-related 2024 Plan costs by segment were as follows:

			Year Ended December 31,
			2024
Bedding Products			$	33.9
Specialized Products			7.4
Furniture, Flooring & Textile Products			2.3
Total			$	43.6

The accrued liability associated with the 2024 Plan consisted of the following:

																					Balance at December 31, 2023						Add: 2024 Charges						Less: 2024 Payments						Balance at December 31, 2024
Termination benefits																					$	—					$	6.9					$	6.1					$	.8
Relocation and other restructuring costs																					—						11.6						11.6						—
																					$	—					$	18.5					$	17.7					$	.8

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- References

No definition available.

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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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: 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

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