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v3.25.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Results From Continuing Operations | A summary of segment results for the periods presented is as follows:
Year Ended December 31, 2025 |  | Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Trade sales 1 |  | $ | 1,558.4 |  |  | $ | 1,122.4 |  |  | $ | 1,374.3 |  |  | $ | 4,055.1 |
Inter-segment sales |  | 21.0 |  |  | 1.6 |  |  | 7.5 |  |  | 30.1 |
Total segment sales |  | 1,579.4 |  |  | 1,124.0 |  |  | 1,381.8 |  |  | 4,085.2 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 55.1 |  |  | 34.7 |  |  | 18.3 |  |  | 108.1 |
Nonoperating assets depreciation and amortization 2 |  | 5.5 |  |  | 3.9 |  |  | 4.9 |  |  | 14.3 |
Total depreciation and amortization |  | 60.6 |  |  | 38.6 |  |  | 23.2 |  |  | 122.4 |
Gain on sale of Aerospace Products Group (See Note S) |  | — |  |  | (90.9) |  |  | — |  |  | (90.9) |
Restructuring, restructuring-related, and impairment charges (See Note E) |  | 26.0 |  |  | 7.5 |  |  | 2.7 |  |  | 36.2 |
Gain on sale of real estate |  | (21.7) |  |  | (1.7) |  |  | (5.7) |  |  | (29.1) |
Net gain from insurance proceeds |  | (34.7) |  |  | — |  |  | — |  |  | (34.7) |
Other segment items 3 |  | 1,450.5 |  |  | 966.2 |  |  | 1,283.0 |  |  | 3,699.7 |
Segment EBIT |  | $ | 98.7 |  |  | $ | 204.3 |  |  | $ | 78.6 |  |  | 381.6 |
Intersegment eliminations and other 4 |  |  |  |  |  |  |  | (25.6) |
Interest expense net of interest income |  |  |  |  |  |  |  | (66.3) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | 289.7 |
Year Ended December 31, 2024 |  | Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Trade sales 1 |  | $ | 1,751.7 |  |  | $ | 1,239.1 |  |  | $ | 1,392.8 |  |  | $ | 4,383.6 |
Inter-segment sales |  | 25.0 |  |  | 3.3 |  |  | 9.8 |  |  | 38.1 |
Total segment sales |  | 1,776.7 |  |  | 1,242.4 |  |  | 1,402.6 |  |  | 4,421.7 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 59.0 |  |  | 43.0 |  |  | 21.7 |  |  | 123.7 |
Nonoperating assets depreciation and amortization 2 |  | 5.0 |  |  | 3.4 |  |  | 3.9 |  |  | 12.3 |
Total depreciation and amortization |  | 64.0 |  |  | 46.4 |  |  | 25.6 |  |  | 136.0 |
Goodwill impairment (See Note F) |  | 587.9 |  |  | 43.6 |  |  | 44.5 |  |  | 676.0 |
Restructuring, restructuring-related, and impairment charges (See Note E) |  | 37.4 |  |  | 10.1 |  |  | 2.3 |  |  | 49.8 |
Gain on sale of real estate |  | (30.9) |  |  | — |  |  | — |  |  | (30.9) |
Net gain from insurance proceeds |  | — |  |  | — |  |  | (2.2) |  |  | (2.2) |
Other segment items 3 |  | 1,667.3 |  |  | 1,077.9 |  |  | 1,274.2 |  |  | 4,019.4 |
Segment EBIT |  | $ | (549.0) |  |  | $ | 64.4 |  |  | $ | 58.2 |  |  | (426.4) |
Intersegment eliminations and other 4 |  |  |  |  |  |  |  | (3.5) |
Interest expense net of interest income |  |  |  |  |  |  |  | (79.3) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | (509.2) |
Year Ended December 31, 2023 |  | Bedding Products |  | Specialized Products |  | Furniture, Flooring & Textile Products |  | Total
Trade sales 1 |  | $ | 1,964.7 |  |  | $ | 1,279.8 |  |  | $ | 1,480.8 |  |  | $ | 4,725.3 |
Inter-segment sales |  | 31.9 |  |  | 1.5 |  |  | 11.7 |  |  | 45.1 |
Total segment sales |  | 1,996.6 |  |  | 1,281.3 |  |  | 1,492.5 |  |  | 4,770.4 |
Less: |  |  |  |  |  |  |  |
Depreciation and amortization |  | 103.9 |  |  | 41.1 |  |  | 22.5 |  |  | 167.5 |
Nonoperating assets depreciation and amortization 2 |  | 5.3 |  |  | 3.3 |  |  | 3.8 |  |  | 12.4 |
Total depreciation and amortization |  | 109.2 |  |  | 44.4 |  |  | 26.3 |  |  | 179.9 |
Long-lived asset impairment (See Note F) |  | 443.7 |  |  | — |  |  | — |  |  | 443.7 |
Gain on sale of real estate |  | (5.4) |  |  | — |  |  | (5.5) |  |  | (10.9) |
Net gain from insurance proceeds |  | (1.9) |  |  | — |  |  | (7.0) |  |  | (8.9) |
Other segment items 3 |  | 1,795.2 |  |  | 1,111.9 |  |  | 1,350.1 |  |  | 4,257.2 |
Segment EBIT |  | $ | (344.2) |  |  | $ | 125.0 |  |  | $ | 128.6 |  |  | (90.6) |
Intersegment eliminations and other |  |  |  |  |  |  |  | .2 |
Interest expense net of interest income |  |  |  |  |  |  |  | (83.0) |
Earnings (loss) before income taxes |  |  |  |  |  |  |  | $ | (173.4) |
1 See Note B for revenue by product family. 2 Nonoperating 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 (income) expense, net" shown in the Consolidated Statements of Operations. 4 Intersegment eliminations and other included $22.0 for a pension settlement (see Note M) and $3.4 for Somnigroup International Inc. unsolicited offer evaluation costs (see Note U) in 2025 and $3.7 in CEO transition compensation costs in 2024.
Summary 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 working capital (current assets and current liabilities utilized in operations) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the year.
| Year Ended December 31,
| Assets |  | Additions to Property, Plant and Equipment |  |  |  |
2025 |  |  |  |  |  |  |
Bedding Products | $ | 635.5 |  |  | $ | 19.8 |  |  |  |  |
Specialized Products | 363.0 |  |  | 26.0 |  |  |  |  |
Furniture, Flooring & Textile Products | 331.1 |  |  | 9.3 |  |  |  |  |
Average current liabilities included in segment numbers above | 650.0 |  |  | — |  |  |  |  |
Unallocated assets and other 1 | 1,807.3 |  |  | 2.1 |  |  |  |  |
Difference between average assets and year-end balance sheet | (250.5) |  |  | — |  |  |  |  |
| $ | 3,536.4 |  |  | $ | 57.2 |  |  |  |  |
2024 |  |  |  |  |  |  |
Bedding Products | $ | 741.8 |  |  | $ | 30.5 |  |  |  |  |
Specialized Products | 398.7 |  |  | 35.2 |  |  |  |  |
Furniture, Flooring & Textile Products | 346.1 |  |  | 9.7 |  |  |  |  |
Average current liabilities included in segment numbers above | 692.7 |  |  | — |  |  |  |  |
Unallocated assets and other 1, 2 | 1,634.0 |  |  | 6.2 |  |  |  |  |
Difference between average assets and year-end balance sheet | (151.7) |  |  | — |  |  |  |  |
| $ | 3,661.6 |  |  | $ | 81.6 |  |  |  |  |
2023 |  |  |  |  |  |  |
Bedding Products | $ | 815.2 |  |  | $ | 47.3 |  |  |  |  |
Specialized Products | 398.6 |  |  | 42.7 |  |  |  |  |
Furniture, Flooring & Textile Products | 390.3 |  |  | 12.7 |  |  |  |  |
Average current liabilities included in segment numbers above | 736.1 |  |  | — |  |  |  |  |
Unallocated assets and other 1 | 2,403.2 |  |  | 11.1 |  |  |  |  |
Difference between average assets and year-end balance sheet | (108.9) |  |  | — |  |  |  |  |
| $ | 4,634.5 |  |  | $ | 113.8 |  |  |  |  |
1 Unallocated assets consists primarily of goodwill, other intangibles, cash, and deferred tax assets. 2 2024 unallocated assets reflects a $676.0 goodwill impairment as discussed in Note F.
Schedule Of Revenue From External Sales And Long-Lived Assets, By Geographical Areas | Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Trade sales |  |  |  |  |
Foreign sales |  |  |  |  |
Europe | $ | 616.9 |  |  | $ | 660.6 |  |  | $ | 715.2 |
China | 409.5 |  |  | 443.5 |  |  | 464.7 |
Canada | 289.6 |  |  | 289.5 |  |  | 296.6 |
Mexico | 187.1 |  |  | 214.0 |  |  | 232.6 |
Other | 140.4 |  |  | 143.4 |  |  | 139.2 |
Total foreign sales | 1,643.5 |  |  | 1,751.0 |  |  | 1,848.3 |
United States | 2,411.6 |  |  | 2,632.6 |  |  | 2,877.0 |
Total trade sales | $ | 4,055.1 |  |  | $ | 4,383.6 |  |  | $ | 4,725.3 |
Tangible long-lived assets |  |  |  |  |
Foreign tangible long-lived assets |  |  |  |  |
Europe | $ | 140.1 |  |  | $ | 144.9 |  |  | $ | 149.4 |
China | 45.1 |  |  | 44.3 |  |  | 47.1 |
Canada | 21.9 |  |  | 23.1 |  |  | 25.6 |
Mexico | 12.6 |  |  | 11.6 |  |  | 14.3 |
Other | 8.9 |  |  | 6.8 |  |  | 7.3 |
Total foreign tangible long-lived assets | 228.6 |  |  | 230.7 |  |  | 243.7 |
United States | 435.4 |  |  | 493.7 |  |  | 537.5 |
Total tangible long-lived assets | $ | 664.0 |  |  | $ | 724.4 |  |  | $ | 781.2 |

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