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REVENUE (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Effect of Applying Topic 606
The cumulative effect of applying Topic 606 to our Consolidated Condensed Balance Sheet was as follows:
 
Balance at December 31, 2017 as Previously Reported
 
Topic 606 Adjustments
 
Balance at January 1, 2018
Current assets
$
1,766.5

 
$
—

 
$
1,766.5

Net property, plant and equipment
663.9

 
—

 
663.9

Other assets 1
1,120.4

 
.7

 
1,121.1

Total assets
$
3,550.8

 
$
.7

 
$
3,551.5

 
 
 
 
 
 
Other current liabilities 2
$
88.7

 
$
3.0

 
$
91.7

All other current liabilities
887.5

 
—

 
887.5

Long-term liabilities
1,383.8

 
—

 
1,383.8

Retained earnings
2,511.3

 
(2.3
)
 
2,509.0

Other equity
(1,320.5
)
 
—

 
(1,320.5
)
Total liabilities and equity
$
3,550.8

 
$
.7

 
$
3,551.5



1 This adjustment represents the deferred tax impact related to Topic 606.
2 This adjustment is associated with constraint on the amount of variable consideration.

The effect of applying Topic 606 on our Consolidated Condensed Statement of Operations and Balance Sheet was as follows:
 
For the nine months ended
September 30, 2018
 
For the three months ended
September 30, 2018
 
Amounts as Reported
 
Topic 606 Adjustments
 
Amounts Without Adoption of Topic 606
 
Amounts as Reported
 
Topic 606 Adjustments
 
Amounts Without Adoption of Topic 606
Net sales 3
$
3,222.8

 
$
10.4

 
$
3,233.2

 
$
1,091.5

 
$
2.2

 
$
1,093.7

Cost of goods sold 3
2,547.3

 
10.0

 
2,557.3

 
864.4

 
2.2

 
866.6

Gross profit
675.5

 
.4

 
675.9

 
227.1

 
—

 
227.1

Selling and administrative expenses
313.2

 
—

 
313.2

 
100.7

 
—

 
100.7

All other
9.4

 
—

 
9.4

 
2.0

 
—

 
2.0

Earnings from continuing operations before interest and income taxes
352.9

 
.4

 
353.3

 
124.4

 
—

 
124.4

Net interest expense
36.7

 
—

 
36.7

 
11.1

 
—

 
11.1

Income taxes
63.2

 
.1

 
63.3

 
23.3

 
—

 
23.3

(Earnings) attributable to noncontrolling interest, net of tax
(.1
)
 
—

 
(.1
)
 
—

 
—

 
—

Net earnings
$
252.9

 
$
.3

 
$
253.2

 
$
90.0

 
$
—

 
$
90.0


3 Adjustments are primarily associated with a reclassification of customer reimbursements of tooling cost from "Net sales" to "Cost of goods sold" and adjustments for variable consideration.

 
September 30, 2018
 
Amounts as Reported
 
Topic 606 Adjustments
 
Amounts Without Adoption of Topic 606
Current assets
$
1,667.0

 
$
—

 
$
1,667.0

Net property, plant and equipment
723.0

 
—

 
723.0

Other assets
1,159.1

 
(.7
)
 
1,158.4

Total assets
$
3,549.1

 
$
(.7
)
 
$
3,548.4

 
 
 
 
 
 
Other current liabilities
$
83.1

 
$
(2.9
)
 
$
80.2

All other current liabilities
701.8

 
—

 
701.8

Long-term liabilities
1,598.2

 
—

 
1,598.2

Retained earnings
2,611.7

 
2.2

 
2,613.9

Other equity
(1,445.7
)
 
—

 
(1,445.7
)
Total liabilities and equity
$
3,549.1

 
$
(.7
)
 
$
3,548.4
Disaggregation of Revenue by Major Source
We disaggregate revenue by customer group, which is the same as our product lines for each of our segments, as we believe this best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.
 
Nine Months Ended September 30, 2018
 
Three Months Ended September 30, 2018
 
 
Residential Products
 
 
 
Bedding group
$
679.3

 
$
236.9

Fabric & Flooring Products group 4
555.2

 
194.2

Machinery group
48.9

 
15.4

 
1,283.4

 
446.5

Industrial Products
 
 
 
Wire group
275.8

 
97.4

 
275.8

 
97.4

Furniture Products
 
 
 
Home Furniture group
291.9

 
91.9

Work Furniture group
217.5

 
71.6

Consumer Products group
357.4

 
130.6

 
866.8

 
294.1

Specialized Products
 
 
 
Automotive group
623.5

 
195.7

Aerospace Products group
112.6

 
35.8

Hydraulic Cylinders group
60.7

 
22.0

 
796.8

 
253.5

 
$
3,222.8

 
$
1,091.5


4 Name changed from Fabric & Carpet Cushion Group as of March 31, 2018