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Impairment Charges (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary Of Impairment Charges On Continued And Discontinued Operations
Pretax impairment charges are reported in “Impairments” in the Consolidated Statements of Operations and summarized in the following table. We did not have any impairment charges in 2021.
 
Year Ended
20202019
 Goodwill Impairment
Other Long-Lived Asset Impairments 2
Total Impairments
Other Long-Lived Asset Impairments 2
Bedding Products$— $.3 $.3 $4.4 
Specialized Products25.4 — 25.4 — 
Furniture, Flooring & Textile Products— .2 .2 3.4 
Unallocated 1
— 3.5 3.5 — 
Total impairment charges$25.4 $4.0 $29.4 $7.8 

1    This charge was incurred to write off stock associated with a prior year divestiture that filed bankruptcy in 2020.
2     Except as noted above, other long-lived asset impairments are primarily associated with restructuring activities, as discussed in Note E.
Schedule Of Goodwill Impairment Test Assumptions
The tables below exclude Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2020 impairment.
2021
Fair Value over Carrying Value divided by Carrying ValueDecember 31, 2021 Goodwill Value10-year Compound
Annual Growth Rate
Range for Sales
Terminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 1
$67.5 
7.8%
3.0 %
10.0%
50% - 100% 2
101.0 
5.5
3.0 
9.0
101% - 300%
1,086.9 
3.1 - 3.3
3.0 
8.0 - 8.5
Greater than 300%
194.2 
2.9 - 10.4
3.0 
9.0
$1,449.6 
2.9% - 10.4%
3.0 %
8.0% - 10.0%
2020
Fair Value over Carrying Value divided by Carrying ValueDecember 31, 2020 Goodwill Value10-year Compound Annual Growth Rate Range for SalesTerminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 2
$97.2 
  2.1%
3.0 %
 9.0%
50% - 100% 3
916.3 
2.0 - 3.6
3.0 
9.0 - 10.0
101% - 300%
247.7 
1.6 - 1.7
3.0 
8.5 - 9.5
Greater than 300%
127.6 
6.7
3.0 
9.0
$1,388.8 
1.6% - 6.7%
3.0 %
8.5% - 10.0%
1    This category includes one reporting unit, Aerospace, which had fair value exceeding its carrying value by 28% at June 30, 2021, as compared to 51% in 2020. Goodwill associated with the Aerospace reporting unit was $67.5 at December 31, 2021 and $59.5 at December 31, 2020.
2    This category includes one reporting unit, Work Furniture, which had fair value exceeding its carrying value by 85% at June 30, 2021 as compared to 25% in 2020. Goodwill associated with the Work Furniture reporting unit was $101.0 at December 31, 2021 and $97.2 at December 31, 2020.
3    This category includes two reporting units consisting of Aerospace (discussed above) and Bedding, which had fair value exceeding its carrying value by 171% at June 30, 2021, as compared to 65% in 2020. Goodwill associated with the Bedding reporting unit was $908.3 at December 31, 2021 and $856.8 at December 31, 2020.