v3.25.2
Impairment Charges (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Pretax impairment charges are reported in “Impairments” in the Consolidated Statements of Operations and are summarized in the table below.
Six Months Ended 
 June 30, 2025		Six Months Ended 
 June 30, 2024
 Other Long-Lived Assets ImpairmentGoodwill ImpairmentOther Long-Lived Assets ImpairmentTotal Impairments
Bedding Products$1.2 $587.2 $2.6 $589.8 
Specialized Products— 43.6 — 43.6 
Furniture, Flooring & Textile Products— 44.5 — 44.5 
Total impairment charges$1.2 $675.3 $2.6 $677.9 
Three Months Ended 
 June 30, 2025		Three Months Ended 
 June 30, 2024
 Other Long-Lived Assets ImpairmentGoodwill ImpairmentOther Long-Lived Assets ImpairmentTotal Impairments
Bedding Products$.9 $587.2 $.3 $587.5 
Specialized Products— 43.6 — 43.6 
Furniture, Flooring & Textile Products— 44.5 — 44.5 
Total impairment charges$.9 $675.3 $.3 $675.6 
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 ValueJune 30, 2025 Goodwill ValueCompound Annual Growth Rate (CAGR)
Range for Sales		Terminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 1
$446.5 
<1% - 8%
3 %
15% - 20%
50% - 100%
304.7 
(2) - 4
3 
15 - 17
$751.2 
(2)% - 8%
3 %
15% - 20%
2024
Fair Value over Carrying Value divided by Carrying ValueDecember 31, 2024 Goodwill ValueCAGR Range for SalesTerminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount 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, Aerospace, 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 $323.6 at June 30, 2025 and $310.0 at December 31, 2024.
•The fair value of our Aerospace reporting unit exceeded its carrying value by 48% at our second quarter 2025 testing date as compared to 21% in 2024. Goodwill associated with this reporting unit was $68.0 at June 30, 2025 and $66.8 at December 31, 2024. This unit was classified as held for sale during 2025, and the June 30, 2025 goodwill is presented in Non-current assets held for sale on our balance sheet (see Note N). We incorporated the estimated sales price of the pending sale of this reporting unit when performing our second quarter 2025 valuation analysis.
•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 $68.3 at June 30, 2025 and $67.7 at December 31, 2024.
•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 $54.6 at June 30, 2025 and $53.6 at December 31, 2024.