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Restructuring and Related Activities (Tables) | 3 Months Ended
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Mar. 31, 2025
Restructuring and Related Activities [Abstract] |
Summary Of Restructuring-Related Costs | The following table presents all restructuring and restructuring-related activity, including impairments for the periods presented:
| Total Amount Expected to be Incurred | Total Amount Incurred to Date Since January 1, 2024 |  | Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024
2024 Restructuring Plan activity: |  |  |  |  |  |
Net restructuring and restructuring-related | $60.0 to $70.0 | $ | 48.8 |  |  | $ | 5.2 |  |  | $ | 8.5 |
Goodwill and long-lived asset impairment costs associated with this plan | Approximately $20.0 | 4.5 |  |  | .3 |  |  | 2.3 |
Total 2024 Restructuring Plan activity | $80.0 to $90.0 | 53.3 |  |  | 5.5 |  |  | 10.8 |
Other restructuring activity: |  |  |  |  |  |
Net restructuring and restructuring-related 1 |  |  |  | 1.4 |  |  | — |
Total net restructuring and restructuring-related activity, including impairments |  |  |  | $ | 6.9 |  |  | $ | 10.8 |
Amount of total that represents net cash charges to 2024 Plan |  | $ | 35.0 |  |  | $ | 4.7 |  |  | $ | 6.2 |
1 This includes cash charges for divestiture-related expenses associated with the pending sale of our Aerospace business that met held for sale criteria in the first quarter of 2025 as discussed in Note L. Costs were $1.4 for the three months ended March 31, 2025. There were no costs for the three months ended March 31, 2024. The table below presents the 2024 Plan restructuring and restructuring-related activity for the periods presented:
| Income Statement Presentation |  | Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024 |  |  |  |
Restructuring costs: |  |  |  |  |  |  |  |  |
Termination benefits, relocation, and other restructuring costs | Other expense, net of other income |  | $ | 2.3 |  |  | $ | 5.7 |  |  |  |  |
Restructuring-related costs (gains): |  |  |  |  |  |  |  |  |
Inventory obsolescence and other | Cost of goods sold |  | .5 |  |  | 2.3 |  |  |  |  |
Professional services and other | Selling and administrative expenses |  | 1.0 |  |  | .5 |  |  |  |  |
Net loss on disposal of assets and businesses | Net gain on disposal of assets and businesses |  | 1.4 |  |  | — |  |  |  |  |
Total restructuring-related costs |  |  | 2.9 |  |  | 2.8 |  |  |  |  |
Total net restructuring and restructuring-related costs |  |  | $ | 5.2 |  |  | 8.5 |  |  |  |  |
Net restructuring and restructuring-related 2024 Plan costs by segment were as follows:
| Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024 |  |  |  |
Bedding Products | $ | 3.1 |  |  | $ | 7.0 |  |  |  |  |
Specialized Products | 2.0 |  |  | — |  |  |  |  |
Furniture, Flooring & Textile Products | .1 |  |  | 1.5 |  |  |  |  |
Total net restructuring and restructuring-related costs | $ | 5.2 |  |  | $ | 8.5 |  |  |  |  |
The accrued liability associated with the 2024 Plan consisted of the following:
| Balance at December 31, 2024 |  | Add: 2025 Charges |  | Less: 2025 Payments |  | Balance at March 31, 2025
Termination benefits | $ | .8 |  |  | $ | 1.5 |  |  | $ | 1.5 |  |  | $ | .8 |
Relocation and other restructuring costs | — |  |  | .8 |  |  | .8 |  |  | — |
Total | $ | .8 |  |  | $ | 2.3 |  |  | $ | 2.3 |  |  | $ | .8 |

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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 + Details
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