Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes In The Carrying Amounts Of Goodwill

These tables exclude Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2024 impairment of $43.6.

2025
Fair Value over Carrying Value divided by Carrying Value	December 31, 2025 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	$	447.1	<1 - 4%	3	%	15% - 17%
51-100%	304.3		(2) - 4	3		15 -17
	$	751.4	(2%) - 4%	3	%	15% - 17%

2024
Fair Value over Carrying Value divided by Carrying Value	December 31, 2024 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50% 1	$	430.4	(1%) - 12%	3	%	14% - 17%
101-300%	364.0		3 - 7	3		14
	$	794.4	(1%) - 12%	3	%	14% - 17%

1 This category includes Bedding, Home Furniture, and Work Furniture for 2025 and Bedding, Aerospace, and Work Furniture for 2024.

•    The fair value of our Bedding reporting unit exceeded its carrying value by 20% at our second quarter 2025 testing date. The fair value of our Bedding reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment of $587.2. Goodwill associated with this reporting unit was $323.7 and $310.0 at December 31, 2025 and 2024, respectively.

•    We sold our Aerospace reporting unit in the third quarter of 2025 as discussed in Note S. At our second quarter 2025 testing date, this unit was held for sale, and its fair value exceeded its carrying value by 48%. Goodwill associated with this reporting unit was $66.8 at December 31, 2024.

•    The fair value of our Home Furniture reporting unit exceeded its carrying value by 34% at our second quarter 2025 testing date. Goodwill associated with this reporting unit was $68.4 and $67.7 at December 31, 2025 and 2024, respectively.

•    The fair value of our Work Furniture reporting unit exceeded its carrying value by 29% at our second quarter 2025 testing date. The fair value of our Work Furniture reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment of $44.5. Goodwill associated with this reporting unit was $55.0 and $53.6 at December 31, 2025 and 2024, respectively.

The changes in the carrying amounts of goodwill are as follows:

	Bedding Products		Specialized Products		Furniture, Flooring & Textile Products		Total
Net goodwill as of January 1, 2024	$	906.5	$	233.7	$	349.6	$	1,489.8
Impairment charges	(587.9)		(43.6)		(44.5)		(676.0)
Foreign currency translation adjustment	(8.6)		(7.2)		(3.6)		(19.4)
Net goodwill as of December 31, 2024	310.0		182.9		301.5		794.4
Allocations to divested businesses (see Note S)	—		(67.8)		(1.1)		(68.9)
Foreign currency translation adjustment	13.7		7.5		4.7		25.9
Net goodwill as of December 31, 2025 1	$	323.7	$	122.6	$	305.1	$	751.4
1 Net goodwill as of December 31, 2025 is comprised of:
Gross goodwill	$	917.0	$	258.3	$	600.2	$	1,775.5
Accumulated impairment charges	(593.3)		(135.7)		(295.1)		(1,024.1)
Net goodwill as of December 31, 2025	$	323.7	$	122.6	$	305.1	$	751.4

Schedule of Intangible Assets Purchased

The gross carrying amount and accumulated amortization by intangible asset class, included in "Other intangibles, net" on the Consolidated Balance Sheets, are as follows. No material intangible assets were acquired during the periods presented.

	December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Intangibles
Customer-related intangibles	$	108.7	$	72.3	$	36.4
Technology	80.5		64.5		16.0
Patents and trademarks 1	68.4		36.6		31.8
Non-compete agreements, supply agreements and other	26.7		19.6		7.1
Total	$	284.3	$	193.0	$	91.3
	December 31, 2024
Customer-related intangibles	$	193.0	$	120.5	$	72.5
Technology	85.8		63.8		22.0
Patents and trademarks 1	77.6		39.4		38.2
Non-compete agreements, supply agreements and other	30.0		22.3		7.7
Total 2	$	386.4	$	246.0	$	140.4

1 $8.5 and $17.4 of our trademarks at December 31, 2025 and December 31, 2024, respectively, are not subject to amortization.

2 Net intangible assets included in the divestiture of the Aerospace Products Group, as discussed in Note S, were $39.1.

Schedule of Estimated Amortization Expense

Estimated amortization expense for the next five years is as follows:

 

2026	$	15.7
2027	15.0
2028	14.3
2029	13.1
2030	7.3