XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Results from Continuing Operations
A summary of segment results for the periods presented is as follows:
Bedding ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Three Months Ended March 31, 2025
Trade sales 1
$390.7 $300.1 $331.3 $1,022.1 
Inter-segment sales5.2 .2 2.3 7.7 
Total segment sales395.9 300.3 333.6 1,029.8 
Less:
Depreciation and amortization13.0 10.4 4.9 28.3 
Nonoperating assets depreciation and amortization 2
1.3 .9 1.1 3.3 
Total depreciation and amortization14.3 11.3 6.0 31.6 
Restructuring, restructuring-related, and impairment charges (Note E)
3.4 3.4 .1 6.9 
Gain on sale of real estate  (3.2)(3.2)
Other segment items 3
368.6 257.2 305.9 931.7 
Segment EBIT$9.6 $28.4 $24.8 62.8 
Intersegment eliminations and other.1 
Interest expense net of interest income(17.8)
Earnings (loss) before income taxes$45.1 
Three Months Ended March 31, 2024
Trade sales 1
$448.0 $315.9 $333.0 $1,096.9 
Inter-segment sales6.4 .4 2.5 9.3 
Total segment sales454.4 316.3 335.5 1,106.2 
Less:
Depreciation and amortization14.6 10.1 5.3 30.0 
Nonoperating assets depreciation and amortization 2
1.2 .8 .9 2.9 
Total depreciation and amortization15.8 10.9 6.2 32.9 
Restructuring, restructuring-related, and impairment charges (Note E)
9.3 — 1.5 10.8 
Gain on sale of real estate(7.9)— — (7.9)
Gain from net insurance proceeds— — (2.2)(2.2)
Other segment items 3
421.5 281.7 306.4 1,009.6 
Segment EBIT$15.7 $23.7 $23.6 63.0 
Intersegment eliminations and other — 
Interest expense net of interest income(20.6)
Earnings (loss) before income taxes$42.4 
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.
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 the average of both working capital (all current assets and current liabilities) plus net property, plant and equipment.
Average Assets by SegmentMarch 31, 2025December 31, 2024
Bedding Products$670.6 $741.8 
Specialized Products386.5 398.7 
Furniture, Flooring & Textile Products319.4 346.1 
Average current liabilities included in segment numbers above663.1 692.7 
Unallocated assets 1
1,701.6 1,634.0 
Difference between average assets and period-end balance sheet7.7 (151.7)
Total assets$3,748.9 $3,661.6 
1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and deferred tax assets.