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Divestitures
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures Divestitures
On August 29, 2025, we divested our Aerospace Products Group (within our Specialized Products segment) for net cash proceeds of $276.1 and recognized a pretax gain of $86.8, subject to final adjustments for working capital, which we expect to be completed by early 2026.
The Aerospace Products Group had external sales and pretax earnings as shown below:
Nine Months Ended September 30,Three Months Ended September 30,
2025202420252024
External sales$132.2 $138.0 $28.6 $44.9 
Pretax earnings (excluding corporate overhead)19.7 13.2 3.2 5.3 
Depreciation and amortization were discontinued upon classification as held for sale (March 25, 2025, concurrent with the date our Board of Directors approved the sale). Accordingly, depreciation and amortization expense included in pre-tax earnings was $0 and $2.5 for the three months ended September 30, 2025, and September 30, 2024, respectively, and $2.5 and $7.7 for the nine months ended September 30, 2025 and September 30, 2024, respectively.
Also in 2025, we divested a small U.S. machinery business (in March) within our Bedding Products segment for $1.2 and a small Mexican Work Furniture operation (in May) within our Furniture, Flooring & Textile Products segment for $3.8. For both of these transactions, the net sales price approximated the carrying costs and both businesses had immaterial amounts of annual external sales and pretax earnings. The U.S. machinery business divestiture was also a part of the 2024 Plan.