XML 40 R28.htm IDEA: XBRL DOCUMENT v3.25.3

Restructuring and Related Activities (Tables)

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring-Related Costs

The following table presents all 2024 Plan restructuring and restructuring-related activity, including impairments, for the periods presented:

			Total Approximate Amount Expected to be Incurred						Total Amount Incurred to Date Since January 1, 2024						Nine Months Ended   September 30, 2025						Total Amount Incurred in 2024
2024 Restructuring Plan activity:
Net cash restructuring and restructuring-related			$	40.0					$	38.1					$	7.8					$	30.3
Net non-cash restructuring and restructuring-related			25.0						14.1						.8						13.3
Total net restructuring and restructuring-related costs			65.0						52.2						8.6						43.6
Goodwill and long-lived asset impairment costs 1			10.0						6.2						2.0						4.2
Total 2024 Restructuring Plan activity			$	75.0					$	58.4					$	10.6					$	47.8

1 This includes $.7 of goodwill impairment in 2024 related to a small U.S. machinery business within the Bedding Products segment that reached held-for-sale status in the fourth quarter of 2024 and was sold in the first quarter of 2025 as discussed in Note O.

The table below presents the restructuring and restructuring-related activity for the periods presented:

			Income Statement Presentation						Nine Months Ended   September 30, 2025						Nine Months Ended   September 30, 2024						Three Months Ended   September 30, 2025						Three Months Ended   September 30, 2024
2024 Plan restructuring costs (gains):
Termination benefits, relocation, and other restructuring costs			Other (income) expense, net
			(See Note K)						$	5.1					$	16.5					$	.7					$	4.8
2024 Plan restructuring-related costs (gains):
Inventory obsolescence and other			Cost of goods sold						.8						4.5						.3						.7
Professional services and other			Selling and administrative expenses						1.1						11.7						—						6.3
Net loss (gain) on disposal of assets and businesses			Net gain on disposal of assets and businesses						1.6						(1.6)						—						(.1)
Total 2024 Plan restructuring-related costs (gains)									3.5						14.6						.3						6.9
Total 2024 Plan net restructuring and restructuring-related costs (gains)									$	8.6					$	31.1					$	1.0					$	11.7
Other restructuring costs (gains):
Termination benefits, relocation, and other restructuring costs 1, 2			Other (income) expense, net
			(See Note K)						$	2.5					$	—					$	1.0					$	—
Other restructuring-related (gains) costs:
Inventory obsolescence and other 2			Cost of goods sold						1.5						—						1.5						—
Professional services and other 1			Selling and administrative expenses						.6						—						—						—
Net (gain) loss on disposal of assets and businesses			Net gain on disposal of assets and businesses						(1.0)						—						(.1)						—
Gain on sale of Aerospace Products Group			Gain on sale of Aerospace Products Group						(86.8)						—						(86.8)						—
Total other restructuring-related (gains) costs									(85.7)						—						(85.4)						—
Total other net restructuring and restructuring-related costs (gains)									$	(83.2)					$	—					$	(84.4)					$	—

1 This includes cash charges for divestiture-related expenses associated with the sale of our Aerospace Products Group on August 29, 2025, as discussed in Note O. Costs were $2.0 for the nine months ended September 30, 2025. There were no costs for the nine months ended September 30, 2024.

2 In September 2025, we announced the consolidation of our Kentucky Adjustable Bed manufacturing operation into our Mexico operation by the end of this year. We have incurred costs of $2.0 related to this consolidation for the nine months ended September 30, 2025.

Net restructuring and restructuring-related 2024 Plan costs by segment were as follows:

			Nine Months Ended   September 30, 2025						Nine Months Ended   September 30, 2024						Three Months Ended   September 30, 2025						Three Months Ended   September 30, 2024
Bedding Products			$	4.6					$	24.0					$	.3					$	7.4
Specialized Products			2.9						5.1						.6						3.8
Furniture, Flooring & Textile Products			1.1						2.0						.1						.5
Total net restructuring and restructuring-related costs			$	8.6					$	31.1					$	1.0					$	11.7

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 September 30, 2025
Termination benefits			$	.8					$	2.2					$	2.8					$	.2
Contract termination costs			—						.1						.1						—
Relocation and other restructuring costs			—						2.8						2.8						—
Total			$	.8					$	5.1					$	5.7					$	.2

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