Revenue (Tables)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

The cumulative effect of applying Topic 606 to our Consolidated Balance Sheets was as follows:



	Balance at December 31, 2017 as Previously Reported			Topic 606 Adjustments			Balance at January 1, 2018
Current assets	$	1,766.5		$	—		$	1,766.5
Net property, plant and equipment	663.9			—			663.9
Other assets ¹	1,120.4			.7			1,121.1
Total assets	$	3,550.8		$	.7		$	3,551.5

Other current liabilities ²	$	88.7		$	3.0		$	91.7
All other current liabilities	887.5			—			887.5
Long-term liabilities	1,383.8			—			1,383.8
Retained earnings	2,511.3			(2.3		)	2,509.0
Other equity	(1,320.5		)	—			(1,320.5		)
Total liabilities and equity	$	3,550.8		$	.7		$	3,551.5

¹ This adjustment represents the deferred tax impact related to Topic 606.

² This adjustment is associated with constraint on the amount of variable consideration.

The effect of applying Topic 606 on our Consolidated Statement of Operations and Balance Sheets was as follows:



	Year ended December 31, 2018
	Amounts as Reported			Topic 606 Adjustments		Amounts Without Adoption of Topic 606
Net sales ³	$	4,269.5		$	14.0	$	4,283.5
Cost of goods sold ³	3,380.8			13.6		3,394.4
Gross profit	888.7			.4		889.1
Selling and administrative expenses	425.1			—		425.1
All other	26.7			—		26.7
Earnings from continuing operations before interest and income taxes	436.9			.4		437.3
Net interest expense	52.5			—		52.5
Income taxes	78.3			.1		78.4
(Earnings) attributable to noncontrolling interest, net of tax	(.2		)	—		(.2		)
Net earnings	$	305.9		$	.3	$	306.2

³ Adjustments are primarily associated with a reclassification of customer reimbursements of tooling cost from "Net sales" to "Cost of goods sold" and adjustments for variable consideration.



	December 31, 2018
	Amounts as Reported			Topic 606 Adjustments			Amounts Without Adoption of Topic 606
Current assets	$	1,524.6		$	—		$	1,524.6
Net property, plant and equipment	728.5			—			728.5
Other assets	1,128.9			(.7		)	1,128.2
Total assets	$	3,382.0		$	(.7	)	$	3,381.3

Other current liabilities	$	86.4		$	(2.9	)	$	83.5
All other current liabilities	729.3			—			729.3
Long-term liabilities	1,408.7			—			1,408.7
Retained earnings	2,613.8			2.2			2,616.0
Other equity	(1,456.2		)	—			(1,456.2		)
Total liabilities and equity	$	3,382.0		$	(.7	)	$	3,381.3

Disaggregation of Revenue by Major Source



	Year Ended December 31
	2018		2017		2016
Residential Products
Bedding group	$	905.1	$	837.2	$	831.8
Fabric & Flooring Products group ¹	735.8		720.1		666.8
Machinery group	62.8		62.9		72.8
	1,703.7		1,620.2		1,571.4
Industrial Products
Wire group ²	367.4		291.7		289.4
	367.4		291.7		289.4
Furniture Products
Consumer Products group	460.2		413.3		327.2
Home Furniture group	388.6		410.2		413.3
Work Furniture group	293.3		272.9		248.8
	1,142.1		1,096.4		989.3
Specialized Products
Automotive group	823.3		772.5		695.0
Aerospace Products group	148.9		137.9		129.7
Hydraulic Cylinders group ³	84.1		—		—
Commercial Vehicle Products (CVP) group ⁴	—		25.1		75.1
	1,056.3		935.5		899.8
	$	4,269.5	$	3,943.8	$	3,749.9

¹ Name changed from Fabric & Carpet Cushion Group as of March 31, 2018

² Certain operations in the Wire group were sold in 2016. See Note C.

³Formed January 31, 2018, with the acquisition of a manufacturer of hydraulic cylinders. See Note S.

⁴ Our two remaining CVP operations were sold in 2017 and 2016. See Note C.

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 (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the year. Acquired companies’ long-lived assets as disclosed below include property, plant and equipment and other long-term assets.



	Year Ended December 31
	Assets			Additions to Property, Plant and Equipment		Acquired Companies’ Long-Lived Assets		Depreciation And Amortization
2018
Residential Products	$	609.4		$	48.0	$	6.0	$	46.6
Industrial Products	163.8			9.6		—		10.3
Furniture Products	279.8			19.7		—		17.4
Specialized Products	342.5			45.0		79.4		39.0
Average current liabilities included in segment numbers above	661.8			—		—		—
Unallocated assets and other ¹	1,278.0			37.3		—		22.8
Difference between average assets and year-end balance sheet	46.7			—		—		—
	$	3,382.0		$	159.6	$	85.4	$	136.1
2017
Residential Products	$	554.6		$	60.5	$	33.6	$	45.8
Industrial Products	150.0			14.3		—		10.2
Furniture Products	245.7			20.2		14.3		16.2
Specialized Products	271.7			51.7		—		31.2
Average current liabilities included in segment numbers above	557.0			—		—		—
Unallocated assets and other ¹	1,693.1			12.7		—		22.5
Difference between average assets and year-end balance sheet	78.7			—		—		—
	$	3,550.8		$	159.4	$	47.9	$	125.9
2016
Residential Products	$	527.2		$	32.4	$	11.2	$	42.9
Industrial Products	147.4			10.1		—		11.8
Furniture Products	219.4			16.6		—		14.4
Specialized Products	248.7			42.2		13.7		29.7
Average current liabilities included in segment numbers above	495.9			—		—		—
Unallocated assets and other ¹	1,378.5			22.7		—		16.6
Difference between average assets and year-end balance sheet	(33.0		)	—		—		—
	$	2,984.1		$	124.0	$	24.9	$	115.4

¹ Unallocated assets consist primarily of goodwill, other intangibles, cash, businesses sold and deferred tax assets. Unallocated depreciation and amortization consists primarily of depreciation of non-operating assets and amortization of debt issuance costs.