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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We have three operating segments that supply a wide range of products:
•Bedding Products: This segment supplies a variety of components used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses and adjustable bed bases. This segment is also vertically integrated into the production and supply of specialty foam chemicals, steel rod, and drawn steel wire to our own operations and to external customers. We also supply steel rod and wire to trade customers that operate in a broad range of markets.
•Specialized Products: From this segment, we supply lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. We also produce and distribute engineered hydraulic cylinders used in the material-handling and heavy construction industries. On August 29, 2025, we divested our Aerospace Products Group, as discussed in Note S.
•Furniture, Flooring & Textile Products: Operations in this segment supply a wide range of components for residential and work furniture manufacturers, as well as select lines of private label finished furniture. We also produce or distribute carpet cushion, hard surface flooring underlayment, and textile and geo components.
Our reportable segments are the same as our operating segments, which correspond with our management organizational structure. Each of our segments has an executive vice president who has accountability to, and maintains regular contact with, our CEO, who is the chief operating decision maker (CODM).
The accounting policies used in the preparation of the segment information are the same as those used for the consolidated financial statements. Earnings Before Interest and Taxes (EBIT) is used by the CODM to evaluate segment performance, allocate overall resources, and determine management incentive compensation. Intersegment sales are made primarily at prices that approximate market-based selling prices.
Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales or other appropriate metrics. These allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets.
A summary of segment results for the periods presented is as follows:
Year Ended December 31, 2025
Bedding ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Trade sales 1
$1,558.4 $1,122.4 $1,374.3 $4,055.1 
Inter-segment sales21.0 1.6 7.5 30.1 
Total segment sales1,579.4 1,124.0 1,381.8 4,085.2 
Less:
Depreciation and amortization55.1 34.7 18.3 108.1 
Nonoperating assets depreciation and amortization 2
5.5 3.9 4.9 14.3 
Total depreciation and amortization60.6 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 ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Trade sales 1
$1,751.7 $1,239.1 $1,392.8 $4,383.6 
Inter-segment sales25.0 3.3 9.8 38.1 
Total segment sales1,776.7 1,242.4 1,402.6 4,421.7 
Less:
Depreciation and amortization59.0 43.0 21.7 123.7 
Nonoperating assets depreciation and amortization 2
5.0 3.4 3.9 12.3 
Total depreciation and amortization64.0 46.4 25.6 136.0 
Goodwill impairment (See Note F)
587.9 43.6 44.5 676.0 
Restructuring, restructuring-related, and impairment charges (See Note E)
37.4 10.1 2.3 49.8 
Gain on sale of real estate(30.9)— — (30.9)
Net gain from insurance proceeds— — (2.2)(2.2)
Other segment items 3
1,667.3 1,077.9 1,274.2 4,019.4 
Segment EBIT$(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 ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Trade sales 1
$1,964.7 $1,279.8 $1,480.8 $4,725.3 
Inter-segment sales31.9 1.5 11.7 45.1 
Total segment sales1,996.6 1,281.3 1,492.5 4,770.4 
Less:
Depreciation and amortization103.9 41.1 22.5 167.5 
Nonoperating assets depreciation and amortization 2
5.3 3.3 3.8 12.4 
Total depreciation and amortization109.2 44.4 26.3 179.9 
Long-lived asset impairment (See Note F)
443.7 — — 443.7 
Gain on sale of real estate(5.4)— (5.5)(10.9)
Net gain from insurance proceeds(1.9)— (7.0)(8.9)
Other segment items 3
1,795.2 1,111.9 1,350.1 4,257.2 
Segment EBIT$(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.
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,
 AssetsAdditions
to
Property,
Plant and
Equipment
2025  
Bedding Products$635.5 $19.8 
Specialized Products363.0 26.0 
Furniture, Flooring & Textile Products331.1 9.3 
Average current liabilities included in segment numbers above650.0 — 
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 Products398.7 35.2 
Furniture, Flooring & Textile Products346.1 9.7 
Average current liabilities included in segment numbers above692.7 — 
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 Products398.6 42.7 
Furniture, Flooring & Textile Products390.3 12.7 
Average current liabilities included in segment numbers above736.1 — 
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.
Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.
Year Ended December 31,
 202520242023
Trade sales   
Foreign sales
Europe$616.9 $660.6 $715.2 
China409.5 443.5 464.7 
Canada289.6 289.5 296.6 
Mexico187.1 214.0 232.6 
Other140.4 143.4 139.2 
Total foreign sales1,643.5 1,751.0 1,848.3 
United States2,411.6 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 
China45.1 44.3 47.1 
Canada21.9 23.1 25.6 
Mexico12.6 11.6 14.3 
Other8.9 6.8 7.3 
Total foreign tangible long-lived assets228.6 230.7 243.7 
United States435.4 493.7 537.5 
Total tangible long-lived assets$664.0 $724.4 $781.2