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v3.25.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Results from Continuing Operations | A summary of segment results for the periods presented is as follows:
|  | Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Three Months Ended September 30, 2025 |  |  |  |  |  |  |  |
Trade sales 1 |  | $ | 402.5 |  |  | $ | 277.5 |  |  | $ | 356.4 |  |  | $ | 1,036.4 |
Inter-segment sales |  | 5.0 |  |  | .6 |  |  | 2.1 |  |  | 7.7 |
Total segment sales |  | 407.5 |  |  | 278.1 |  |  | 358.5 |  |  | 1,044.1 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 13.2 |  |  | 7.9 |  |  | 4.4 |  |  | 25.5 |
Nonoperating assets depreciation and amortization 2 |  | 1.5 |  |  | 1.0 |  |  | 1.4 |  |  | 3.9 |
Total depreciation and amortization |  | 14.7 |  |  | 8.9 |  |  | 5.8 |  |  | 29.4 |
Gain on sale of Aerospace Products Group (Note O) |  | — |  |  | (86.8) |  |  | — |  |  | (86.8) |
Restructuring, restructuring-related, and impairment charges (Note E and Note F) |  | 3.1 |  |  | .9 |  |  | .1 |  |  | 4.1 |
Gain on sale of real estate |  | — |  |  | — |  |  | (2.5) |  |  | (2.5) |
Gain from net insurance proceeds |  | (13.1) |  |  | — |  |  | — |  |  | (13.1) |
Other segment items 3 |  | 366.4 |  |  | 242.2 |  |  | 333.1 |  |  | 941.7 |
Segment EBIT |  | $ | 36.4 |  |  | $ | 112.9 |  |  | $ | 22.0 |  |  | 171.3 |
Intersegment eliminations and other |  |  |  |  |  |  |  | (.2) |
Interest expense net of interest income |  |  |  |  |  |  |  | (16.7) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | 154.4 |
|  | Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |
Trade sales 1 |  | $ | 445.5 |  |  | $ | 299.9 |  |  | $ | 356.3 |  |  | $ | 1,101.7 |
Inter-segment sales |  | 6.1 |  |  | 1.5 |  |  | 2.1 |  |  | 9.7 |
Total segment sales |  | 451.6 |  |  | 301.4 |  |  | 358.4 |  |  | 1,111.4 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 14.8 |  |  | 11.0 |  |  | 5.4 |  |  | 31.2 |
Nonoperating assets depreciation and amortization 2 |  | 2.1 |  |  | 1.4 |  |  | 1.7 |  |  | 5.2 |
Total depreciation and amortization |  | 16.9 |  |  | 12.4 |  |  | 7.1 |  |  | 36.4 |
Other segment items: |  |  |  |  |  |  |  |
Restructuring, restructuring-related, and impairment charges (Note E and Note F) |  | 8.0 |  |  | 3.8 |  |  | .5 |  |  | 12.3 |
Gain on sale of real estate |  | (14.0) |  |  | — |  |  | — |  |  | (14.0) |
Other segment items 3 |  | 415.2 |  |  | 260.4 |  |  | 323.4 |  |  | 999.0 |
Segment EBIT |  | $ | 25.5 |  |  | $ | 24.8 |  |  | $ | 27.4 |  |  | 77.7 |
Intersegment eliminations and other |  |  |  |  |  |  |  | — |
Interest expense net of interest income |  |  |  |  |  |  |  | (20.0) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | 57.7 |
|  | Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Nine Months Ended September 30, 2025 |  |  |  |  |  |  |  |
Trade sales 1 |  | $ | 1,184.6 |  |  | $ | 881.7 |  |  | $ | 1,050.2 |  |  | $ | 3,116.5 |
Inter-segment sales |  | 15.4 |  |  | .9 |  |  | 5.8 |  |  | 22.1 |
Total segment sales |  | 1,200.0 |  |  | 882.6 |  |  | 1,056.0 |  |  | 3,138.6 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 39.5 |  |  | 26.5 |  |  | 13.9 |  |  | 79.9 |
Nonoperating assets depreciation and amortization 2 |  | 4.1 |  |  | 3.0 |  |  | 3.7 |  |  | 10.8 |
Total depreciation and amortization |  | 43.6 |  |  | 29.5 |  |  | 17.6 |  |  | 90.7 |
Gain on sale of Aerospace Products Group (Note O) |  | — |  |  | (86.8) |  |  | — |  |  | (86.8) |
Restructuring, restructuring-related, and impairment charges (Note E and Note F) |  | 8.6 |  |  | 4.9 |  |  | 1.1 |  |  | 14.6 |
Gain on sale of real estate |  | (16.7) |  |  | (1.7) |  |  | (5.7) |  |  | (24.1) |
Gain from net insurance proceeds |  | (13.1) |  |  | — |  |  | — |  |  | (13.1) |
Other segment items 3 |  | 1,104.4 |  |  | 756.7 |  |  | 971.8 |  |  | 2,832.9 |
Segment EBIT |  | $ | 73.2 |  |  | $ | 180.0 |  |  | $ | 71.2 |  |  | 324.4 |
Intersegment eliminations and other |  |  |  |  |  |  |  | — |
Interest expense net of interest income |  |  |  |  |  |  |  | (53.2) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | 271.2 |
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |
Trade sales 1 |  | $ | 1,331.5 |  |  | $ | 935.4 |  |  | $ | 1,060.3 |  |  | $ | 3,327.2 |
Inter-segment sales |  | 19.0 |  |  | 3.2 |  |  | 7.6 |  |  | 29.8 |
Total segment sales |  | 1,350.5 |  |  | 938.6 |  |  | 1,067.9 |  |  | 3,357.0 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 43.7 |  |  | 31.4 |  |  | 16.2 |  |  | 91.3 |
Nonoperating assets depreciation and amortization 2 |  | 4.3 |  |  | 2.9 |  |  | 3.4 |  |  | 10.6 |
Total depreciation and amortization |  | 48.0 |  |  | 34.3 |  |  | 19.6 |  |  | 101.9 |
Other segment items: |  |  |  |  |  |  |  |
Goodwill impairment (Note F) |  | 587.2 |  |  | 43.6 |  |  | 44.5 |  |  | 675.3 |
Restructuring, restructuring-related, and impairment charges (Note E and Note F) |  | 27.2 |  |  | 5.1 |  |  | 2.0 |  |  | 34.3 |
Gain on sale of real estate |  | (26.6) |  |  | — |  |  | — |  |  | (26.6) |
Gain from net insurance proceeds |  | — |  |  | — |  |  | (2.2) |  |  | (2.2) |
Other segment items 3 |  | 1,265.3 |  |  | 816.6 |  |  | 962.4 |  |  | 3,044.3 |
Segment EBIT |  | $ | (550.6) |  |  | $ | 39.0 |  |  | $ | 41.6 |  |  | (470.0) |
Intersegment eliminations and other 4 |  |  |  |  |  |  |  | (3.6) |
Interest expense net of interest income |  |  |  |  |  |  |  | (60.6) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | (534.2) |
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 For Intersegment eliminations and other, the nine months ended September 30, 2024, included $3.7 in CEO transition compensation costs.
Schedule 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 (current assets and current liabilities utilized in operations) plus net property, plant and equipment.
Average Assets by Segment |  | September 30, 2025 |  | December 31, 2024
Bedding Products |  | $ | 649.1 |  |  | $ | 741.8 |
Specialized Products |  | 383.7 |  |  | 398.7 |
Furniture, Flooring & Textile Products |  | 336.8 |  |  | 346.1 |
Average current liabilities included in segment numbers above |  | 659.0 |  |  | 692.7 |
Unallocated assets 1 |  | 1,621.0 |  |  | 1,634.0 |
Difference between average assets and period-end balance sheet |  | (124.6) |  |  | (151.7) |
Total assets |  | $ | 3,525.0 |  |  | $ | 3,661.6 |
1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and net operating leases.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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