XML 58 R37.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Information (Tables)
 12 Months Ended
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 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.
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,
 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.
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,
 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