v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Results from Continuing Operations
A summary of segment results for the periods presented is as follows:
Bedding ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Three Months Ended June 30, 2026
Trade sales 1
$386.9 $247.0 $365.8 $999.7 
Inter-segment sales5.6 .9 1.1 7.6 
Total segment sales392.5 247.9 366.9 1,007.3 
Less:
Depreciation and amortization13.4 8.5 3.7 25.6 
Nonoperating assets depreciation and amortization 2
1.1 .7 1.1 2.9 
Total depreciation and amortization14.5 9.2 4.8 28.5 
Restructuring, restructuring-related, and impairment charges (Note E)
6.0 3.3 1.0 10.3 
Gain on sale of real estate(11.5)— — (11.5)
Other segment items 3
341.4 216.2 332.2 889.8 
Segment EBIT$42.1 $19.2 $28.9 90.2 
Intersegment eliminations and other 4
(10.1)
Interest expense net of interest income(11.7)
Earnings before income taxes$68.4 
Bedding ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Three Months Ended June 30, 2025
Trade sales 1
$391.4 $304.1 $362.5 $1,058.0 
Inter-segment sales5.2 .1 1.4 6.7 
Total segment sales396.6 304.2 363.9 1,064.7 
Less:
Depreciation and amortization13.3 8.2 4.6 26.1 
Nonoperating assets depreciation and amortization 2
1.3 1.1 1.2 3.6 
Total depreciation and amortization14.6 9.3 5.8 29.7 
Restructuring, restructuring-related, and impairment charges (Note E)
2.1 .6 .9 3.6 
Gain on sale of real estate(16.7)(1.7)— (18.4)
Other segment items 3
369.4 257.3 332.8 959.5 
Segment EBIT$27.2 $38.7 $24.4 90.3 
Intersegment eliminations and other.1 
Interest expense net of interest income(18.7)
Earnings before income taxes$71.7 
Bedding ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Six Months Ended June 30, 2026
Trade sales 1
$751.8 $491.1 $675.0 $1,917.9 
Inter-segment sales11.4 2.2 2.9 16.5 
Total segment sales763.2 493.3 677.9 1,934.4 
Less:
Depreciation and amortization25.8 16.6 8.0 50.4 
Nonoperating assets depreciation and amortization 2
2.5 1.6 2.2 6.3 
Total depreciation and amortization28.3 18.2 10.2 56.7 
Restructuring, restructuring-related, and impairment charges (Note E)
10.7 3.3 1.2 15.2 
Gain on sale of real estate(21.0)— — (21.0)
Other segment items 3
677.4 434.9 633.2 1,745.5 
Segment EBIT$67.8 $36.9 $33.3 138.0 
Intersegment eliminations and other 4
(13.4)
Interest expense net of interest income(24.3)
Earnings before income taxes$100.3 
Bedding ProductsSpecialized ProductsFurniture, Flooring & Textile ProductsTotal
Six Months Ended June 30, 2025
Trade sales 1
$782.1 $604.2 $693.8 $2,080.1 
Inter-segment sales10.4 .3 3.7 14.4 
Total segment sales792.5 604.5 697.5 2,094.5 
Less:
Depreciation and amortization26.3 18.6 9.5 54.4 
Nonoperating assets depreciation and amortization 2
2.6 2.0 2.3 6.9 
Total depreciation and amortization28.9 20.6 11.8 61.3 
Restructuring, restructuring-related, and impairment charges (Note E)
5.5 4.0 1.0 10.5 
Gain on sale of real estate(16.7)(1.7)(3.2)(21.6)
Other segment items 3
738.0 514.5 638.7 1,891.2 
Segment EBIT$36.8 $67.1 $49.2 153.1 
Intersegment eliminations and other.2 
Interest expense net of interest income(36.5)
Earnings before income taxes$116.8 
1 See Note B for revenue by product family.
2 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 expense (income), net.
4 Intersegment eliminations and other included $10.1 and $13.6 for the three and six months ended June 30, 2026, respectively, for Somnigroup International Inc. merger costs (see Note A).
Schedule 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 the average of both working capital (current assets and current liabilities utilized in operations) plus net property, plant and equipment.
Average Assets by SegmentJune 30, 2026December 31, 2025
Bedding Products$581.5 $635.5 
Specialized Products289.2 363.0 
Furniture, Flooring & Textile Products327.1 331.1 
Average current liabilities included in segment numbers above592.6 650.0 
Unallocated assets and other 1
1,798.7 1,807.3 
Difference between average assets and period-end balance sheet13.7 (250.5)
Total assets$3,602.8 $3,536.4 
1 Unallocated assets and other consist primarily of goodwill, other intangibles, cash, and net operating leases