XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.1

Restructuring and Related Activities (Tables)

3 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration