GOODWILL IMPAIRMENT TESTING (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Summary of Goodwill

2023
Fair Value over Carrying Value divided by Carrying Value	September 30, 2023 Goodwill Value		Compound Annual Growth Rate (CAGR) Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	1,010.0	1% - 17%	3	%	10% - 12%
50% - 100%	97.9		< 1	3		8
101% - 300%	367.5		3 - 6	3		8 - 10
	$	1,475.4	< 1% - 17%	3	%	8% - 12%

2022
Fair Value over Carrying Value divided by Carrying Value	December 31, 2022 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	107.8	4% - 9%	3	%	12%
50% - 100%	998.7		3 - 5	3		10
101% - 300%	248.3		1 - 3	3		10
Greater than 300%	119.6		8	3		12
	$	1,474.4	1% - 9%	3	%	10% - 12%

Reporting units where fair value exceeded carrying value by less than 100% are summarized in the table below:

	Fair value in excess of carrying value				Goodwill
	Goodwill impairment testing as performed in the second quarter 2023		Goodwill impairment testing as performed in the second quarter 2022		As of September 30, 2023		As of December 31, 2022
Bedding	40	%	54	%	$	900.5	$	900.3
Work Furniture	74		78		97.9		98.4
Aerospace Products	44		40		66.5		66.3
Hydraulic Cylinders 1	18		32		43.0		41.5
1 At the time of our annual goodwill impairment testing in second quarter 2022, there was no goodwill associated with this reporting unit, but an August 2022 acquisition added goodwill.