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Impairment Charges (Tables)
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Pretax impairment charges are reported in “Impairments” in the Consolidated Statements of Operations and are summarized in the table below.
Nine Months Ended 
 September 30, 2025
Nine Months Ended 
 September 30, 2024
 Other Long-Lived Assets ImpairmentGoodwill ImpairmentOther Long-Lived Assets ImpairmentTotal Impairments
Bedding Products$2.0 $587.2 $3.2 $590.4 
Specialized Products 43.6 — 43.6 
Furniture, Flooring & Textile Products 44.5 — 44.5 
Total impairment charges$2.0 $675.3 $3.2 $678.5 
Three Months Ended 
 September 30, 2025
Three Months Ended 
 September 30, 2024
 Other Long-Lived Assets ImpairmentGoodwill ImpairmentOther Long-Lived Assets ImpairmentTotal Impairments
Bedding Products$.8 $— $.6 $.6 
Total impairment charges$.8 $— $.6 $.6 
Schedule of Changes In The Carrying Amounts Of Goodwill These tables exclude Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2024 impairment of $43.6.
2025
Fair Value over Carrying Value divided by Carrying ValueSeptember 30, 2025 Goodwill ValueCompound Annual Growth Rate (CAGR)
Range for Sales
Terminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 1
$445.4 
<1% - 4%
3 %
15% - 17%
50% - 100%
303.1 
(2) - 4
3 
15 - 17
$748.5 
(2%) - 8%
3 %
15% - 20%
2024
Fair Value over Carrying Value divided by Carrying ValueDecember 31, 2024 Goodwill ValueCAGR Range for SalesTerminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 1
$430.4 
(1%) - 12%
3%
14% - 17%
101% - 300%
364.0 
3 - 7
 14
$794.4 
(1%) - 12%
3%
14% - 17%
1 This category includes Bedding, Home Furniture, and Work Furniture for 2025 and Bedding, Aerospace, and Work Furniture for 2024.
The fair value of our Bedding reporting unit exceeded its carrying value by 20% at our second quarter 2025 testing date. The fair value of our Bedding reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment of $587.2. Goodwill associated with this reporting unit was $322.7 at September 30, 2025 and $310.0 at December 31, 2024.
We sold our Aerospace reporting unit in the third quarter of 2025 as discussed in Note O. At our second quarter 2025 testing date its fair value exceeded its carrying value by 48%. Goodwill was $66.8 at December 31, 2024.
The fair value of our Home Furniture reporting unit exceeded its carrying value by 34% at our second quarter 2025 testing date. Goodwill associated with this reporting unit was $68.3 at September 30, 2025 and $67.7 at December 31, 2024.
The fair value of our Work Furniture reporting unit exceeded its carrying value by 29% at our second quarter 2025 testing date. The fair value of our Work Furniture reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment of $44.5. Goodwill associated with this reporting unit was $54.4 at September 30, 2025 and $53.6 at December 31, 2024.