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Reportable Segment Information
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
Management views the Corporation as two reportable segments based on industries: Workplace Furnishings and Residential Building Products. On December 10, 2025, the Corporation completed its acquisition of Steelcase, which is included in the Workplace Furnishings segment.

The Workplace Furnishings segment designs, manufactures, and markets a broad line of commercial office furniture which includes panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, social collaborative items, ancillary products, and hospitality products. The Residential Building Products segment manufactures and markets a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories.

For purposes of segment reporting, intercompany sales between segments are immaterial, and operating profit is income before income taxes exclusive of certain unallocated corporate expenses. These unallocated general corporate expenses include the net costs of the Corporation’s corporate operations. Management views interest income and expense as corporate financing costs and not as a reportable segment cost. In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis.

The Corporation's chief operating decision maker ("CODM") is the Chairman, President, and Chief Executive Officer. On a regular basis the CODM receives a reporting package that includes summarized financial results of the Corporation and its underlying operating segments. In evaluating the performance of the segments and making resource allocation decisions across the organization, the CODM is primarily focused on operating income, including analysis of trends, budget-to-actual variances, and performance against historical comparable periods.

No identifiable assets by segment information is provided as the CODM regularly reviews information, and primarily manages the Corporation’s assets, on a consolidated basis.
Reportable segment data reconciled to the Corporation’s condensed consolidated financial statements was as follows:
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Net Sales:
Workplace furnishings$1,323.7 $516.0 $2,509.2 $957.0 
Residential building products148.7 151.1 310.8 309.8 
Total$1,472.4 $667.1 $2,819.9 $1,266.8 
Cost of Sales:
Workplace furnishings$753.0 $298.4 $1,514.1 $571.7 
Residential building products72.2 82.4 158.8 170.6 
Total$825.2 $380.9 $1,672.8 $742.3 
Selling and Administrative Expenses:
Workplace furnishings$456.1 $149.7 $898.4 $293.1 
Residential building products46.6 45.0 93.7 90.6 
General corporate30.4 20.7 55.8 39.3 
Total$533.0 $215.5 $1,047.9 $423.1 
Acquisition and Related Costs:
Workplace furnishings$1.9 $— $8.5 $— 
General corporate2.3 — (0.7)— 
Total$4.2 $— $7.8 $— 
Restructuring, Impairment, and Loss on Divestiture:
Workplace furnishings$11.1 $2.0 $29.1 $8.4 
Residential building products6.5 — 6.5 — 
General corporate0.3 0.6 0.3 0.6 
Total$17.9 $2.5 $35.9 $8.9 
Operating Income (Loss):
Workplace furnishings$101.7 $65.8 $59.1 $83.8 
Residential building products23.4 23.7 51.9 48.6 
General corporate(33.0)(21.3)(55.3)(39.9)
Total$92.1 $68.2 $55.7 $92.6 
Other Non-Operating Income, Net2.8 — 4.3 — 
Interest Expense, Net23.7 6.1 44.4 11.7 
Income Before Income Taxes$71.2 $62.0 $15.5 $80.9 
Depreciation and Amortization Expense:
Workplace furnishings$57.8 $16.3 $124.4 $33.4 
Residential building products3.9 3.7 7.7 7.3 
General corporate4.5 4.9 9.2 9.8 
Total$66.2 $25.0 $141.4 $50.5 
Capital Expenditures (including capitalized software):
Workplace furnishings$25.3 $9.9 $54.8 $20.8 
Residential building products2.5 2.3 5.8 5.5 
General corporate1.2 2.9 4.1 4.9 
Total$29.0 $15.0 $64.7 $31.2