XML 38 R26.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
9 Months Ended
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 ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Three Months Ended September 30, 2025
Trade sales 1
$402.5 $277.5 $356.4 $1,036.4 
Inter-segment sales5.0 .6 2.1 7.7 
Total segment sales407.5 278.1 358.5 1,044.1 
Less:
Depreciation and amortization13.2 7.9 4.4 25.5 
Nonoperating assets depreciation and amortization 2
1.5 1.0 1.4 3.9 
Total depreciation and amortization14.7 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 ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Three Months Ended September 30, 2024
Trade sales 1
$445.5 $299.9 $356.3 $1,101.7 
Inter-segment sales6.1 1.5 2.1 9.7 
Total segment sales451.6 301.4 358.4 1,111.4 
Less:
Depreciation and amortization14.8 11.0 5.4 31.2 
Nonoperating assets depreciation and amortization 2
2.1 1.4 1.7 5.2 
Total depreciation and amortization16.9 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 ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Nine Months Ended September 30, 2025
Trade sales 1
$1,184.6 $881.7 $1,050.2 $3,116.5 
Inter-segment sales15.4 .9 5.8 22.1 
Total segment sales1,200.0 882.6 1,056.0 3,138.6 
Less:
Depreciation and amortization39.5 26.5 13.9 79.9 
Nonoperating assets depreciation and amortization 2
4.1 3.0 3.7 10.8 
Total depreciation and amortization43.6 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 $3,327.2 
Inter-segment sales19.0 3.2 7.6 29.8 
Total segment sales1,350.5 938.6 1,067.9 3,357.0 
Less:
Depreciation and amortization43.7 31.4 16.2 91.3 
Nonoperating assets depreciation and amortization 2
4.3 2.9 3.4 10.6 
Total depreciation and amortization48.0 34.3 19.6 101.9 
Other segment items:
Goodwill impairment (Note F)
587.2 43.6 44.5 675.3 
Restructuring, restructuring-related, and impairment charges (Note E and Note F)
27.2 5.1 2.0 34.3 
Gain on sale of real estate(26.6)— — (26.6)
Gain from net insurance proceeds— — (2.2)(2.2)
Other segment items 3
1,265.3 816.6 962.4 3,044.3 
Segment EBIT$(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 SegmentSeptember 30, 2025December 31, 2024
Bedding Products$649.1 $741.8 
Specialized Products383.7 398.7 
Furniture, Flooring & Textile Products336.8 346.1 
Average current liabilities included in segment numbers above659.0 692.7 
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.