Disaggregation of Revenue by Major Source |
We disaggregate revenue by customer group, which is the same as our product families 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. For information regarding our segment structure, see Note F. | | | | | | | | | | | | | | | | | | | Year Ended December 31 | | 2022 | | 2021 | | 2020 | Bedding Products | | | | | | Bedding Group | $ | 2,356.3 | | | $ | 2,455.9 | | | $ | 2,039.3 | | | 2,356.3 | | | 2,455.9 | | | 2,039.3 | | Specialized Products | | | | | | Automotive Group | 846.5 | | | 801.4 | | | 719.0 | | Aerospace Products Group | 120.9 | | | 102.9 | | | 102.4 | | Hydraulic Cylinders Group 1 | 150.9 | | | 94.6 | | | 69.8 | | | 1,118.3 | | | 998.9 | | | 891.2 | | Furniture, Flooring & Textile Products | | | | | | Home Furniture Group | 398.0 | | | 434.3 | | | 320.9 | | Work Furniture Group | 318.7 | | | 284.1 | | | 231.1 | | Flooring & Textile Products Group | 955.4 | | | 899.4 | | | 797.7 | | | 1,672.1 | | | 1,617.8 | | | 1,349.7 | | | $ | 5,146.7 | | | $ | 5,072.6 | | | $ | 4,280.2 | | 1 On August 26, 2022, we acquired a leading global manufacturer of hydraulic cylinders for heavy construction equipment (see Note R).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 working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the year. Acquired companies’ long-lived assets as disclosed below include property, plant and equipment, goodwill, and intangible assets. | | | | | | | | | | | | | | | | | | | | | Year Ended December 31 | | Assets | | Additions to Property, Plant and Equipment | | Acquired Companies’ Long-Lived Assets | | | 2022 | | | | | | | | Bedding Products | $ | 931.2 | | | $ | 42.1 | | | $ | — | | | | Specialized Products | 350.1 | | | 28.2 | | | 93.8 | | | | Furniture, Flooring & Textile Products | 423.1 | | | 12.5 | | | 7.1 | | | | Average current liabilities included in segment numbers above | 793.9 | | | — | | | — | | | | Unallocated assets and other | 2,840.6 | | | 17.5 | | | — | | | | Difference between average assets and year-end balance sheet | (152.8) | | | — | | | — | | | | | $ | 5,186.1 | | | $ | 100.3 | | | $ | 100.9 | | | | 2021 | | | | | | | | Bedding Products | $ | 836.0 | | | $ | 67.1 | | | $ | 136.6 | | | | Specialized Products | 316.7 | | | 20.6 | | | 25.1 | | | | Furniture, Flooring & Textile Products | 373.5 | | | 9.8 | | | 6.2 | | | | Average current liabilities included in segment numbers above | 814.1 | | | — | | | — | | | | Unallocated assets and other | 2,828.5 | | | 9.1 | | | — | | | | Difference between average assets and year-end balance sheet | 138.5 | | | — | | | — | | | | | $ | 5,307.3 | | | $ | 106.6 | | | $ | 167.9 | | | | 2020 | | | | | | | | Bedding Products | $ | 739.0 | | | $ | 27.1 | | | $ | — | | | | Specialized Products | 299.5 | | | 13.2 | | | — | | | | Furniture, Flooring & Textile Products | 348.6 | | | 7.9 | | | — | | | | Average current liabilities included in segment numbers above | 665.0 | | | — | | | — | | | | Unallocated assets and other | 2,759.1 | | | 18.0 | | | — | | | | Difference between average assets and year-end balance sheet | (11.2) | | | — | | | — | | | | | $ | 4,800.0 | | | $ | 66.2 | | | $ | — | | | |
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