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Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We have three operating segments that supply a wide range of products:
•Bedding Products: This segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands and adjustable bed bases. This segment is also vertically integrated into the production and supply of specialty foam chemicals, steel rod, and drawn steel wire to our own operations and to external customers. Our trade customers for wire make mechanical springs and many other end products.
•Specialized Products: From this segment, we supply lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. We also produce and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and heavy construction industries.
•Furniture, Flooring & Textile Products: Operations in this segment supply a wide range of components for residential and work furniture manufacturers, as well as select lines of private label finished furniture. We also produce or distribute carpet cushion, hard surface flooring underlayment, and textile and geo components.
Our reportable segments are the same as our operating segments, which also correspond with our management organizational structure. Each reportable segment has an executive vice president who has accountability to, and maintains regular contact with, our CEO, who is the chief operating decision maker (CODM). The operating results and financial information reported through the segment structure are regularly reviewed and used by the CODM to evaluate segment performance, allocate overall resources, and determine management incentive compensation.
The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements. We evaluate performance based on Earnings Before Interest and Taxes (EBIT). Intersegment sales are made primarily at prices that approximate market-based selling prices. Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales or other appropriate metrics. These allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets.
A summary of segment results for the periods presented are as follows:
 Year Ended December 31
 
   Trade 1
Sales
Inter-
Segment
Sales		Total Segment
Sales		EBITDepreciation and Amortization
2023    
Bedding Products 2
$1,964.7 $31.9 $1,996.6 $(344.2)$103.9 
Specialized Products 1,279.8 1.5 1,281.3 125.0 41.1 
Furniture, Flooring & Textile Products1,480.8 11.7 1,492.5 128.6 22.5 
Intersegment eliminations and other 3
   .2 12.4 
 $4,725.3 $45.1 $4,770.4 $(90.4)$179.9 
2022    
Bedding Products $2,356.3 $40.5 $2,396.8 $219.6 $104.1 
Specialized Products1,118.3 2.2 1,120.5 99.4 40.5 
Furniture, Flooring & Textile Products1,672.1 14.5 1,686.6 165.0 23.2 
Intersegment eliminations and other 3
   1.0 12.0 
 $5,146.7 $57.2 $5,203.9 $485.0 $179.8 
2021    
Bedding Products 2
$2,455.9 $44.1 $2,500.0 $321.3 $106.8 
Specialized Products998.9 3.6 1,002.5 115.9 44.8 
Furniture, Flooring & Textile Products1,617.8 13.4 1,631.2 159.5 24.0 
Intersegment eliminations and other 3
   (.7)11.7 
 $5,072.6 $61.1 $5,133.7 $596.0 $187.3 
1 See Note B for revenue by product family.
2 2023 EBIT: Includes $443.7 of long-lived asset impairments as discussed in Note C.
2021 EBIT: Includes $28.2 gain on the sale of real estate associated with our exited Fashion Bed business.
3 Depreciation and amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above.
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
 AssetsAdditions
to
Property,
Plant and
Equipment		Acquired
Companies’
Long-Lived
Assets
2023   
Bedding Products$815.2 $47.3 $— 
Specialized Products398.6 42.7 — 
Furniture, Flooring & Textile Products390.3 12.7 — 
Average current liabilities included in segment numbers above736.1 — — 
Unallocated assets and other 1, 2
2,403.2 11.1 — 
Difference between average assets and year-end balance sheet(108.9)— — 
 $4,634.5 $113.8 $— 
2022   
Bedding Products$931.2 $42.1 $— 
Specialized Products350.1 28.2 93.8 
Furniture, Flooring & Textile Products423.1 12.5 7.1 
Average current liabilities included in segment numbers above793.9 — — 
Unallocated assets and other 1
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 Products316.7 20.6 25.1 
Furniture, Flooring & Textile Products373.5 9.8 6.2 
Average current liabilities included in segment numbers above814.1 — — 
Unallocated assets and other 1
2,828.5 9.1 — 
Difference between average assets and year-end balance sheet138.5 — — 
 $5,307.3 $106.6 $167.9 
1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and deferred tax assets.
2 2023 unallocated assets reflects a $443.7 long-lived asset impairment as discussed in Note C.
Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.
Year Ended December 31
 202320222021
Trade sales   
Foreign sales
Europe$715.2 $624.5 $589.0 
China464.7 501.5 559.0 
Canada296.6 279.4 262.0 
Mexico232.6 262.8 276.0 
Other139.2 129.2 116.1 
Total foreign sales1,848.3 1,797.4 1,802.1 
    United States2,877.0 3,349.3 3,270.5 
Total trade sales$4,725.3 $5,146.7 $5,072.6 
Tangible long-lived assets   
Foreign tangible long-lived assets
Europe$149.4 $142.1 $150.1 
China47.1 45.2 44.1 
Canada25.6 24.3 26.9 
Mexico14.3 14.1 13.9 
Other7.3 7.9 9.8 
Total foreign tangible long-lived assets243.7 233.6 244.8 
United States537.5 538.8 536.7 
Total tangible long-lived assets$781.2 $772.4 $781.5