SOMNIGROUP INTERNATIONAL INC. Goodwill & Intangibles Disclosure
| (in millions) | Mattress Firm | Tempur Sealy North America | Tempur Sealy International | Consolidated | |||||||||||||||||||
| Balance as of December 31, 2023 | $ | — | $ | 609.7 | $ | 473.6 | $ | 1,083.3 | |||||||||||||||
| Foreign currency translation adjustments and other | — | (6.6) | (10.0) | (16.6) | |||||||||||||||||||
| Balance as of December 31, 2024 | $ | — | $ | 603.1 | $ | 463.6 | $ | 1,066.7 | |||||||||||||||
| Net goodwill resulting from acquisition | 3,493.9 | — | — | 3,493.9 | |||||||||||||||||||
| Foreign currency translation adjustments and other | — | 3.9 | 31.4 | 35.3 | |||||||||||||||||||
| Balance as of December 31, 2025 | $ | 3,493.9 | $ | 607.0 | $ | 495.0 | $ | 4,595.9 | |||||||||||||||
($ in millions) | December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||||||||||||||||||
| Useful Lives (Years) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||||||||||||||||||
Unamortized indefinite life intangible assets: | |||||||||||||||||||||||||||||||||||||||||
Trade names | $ | 2,572.4 | $ | — | $ | 2,572.4 | $ | 680.1 | $ | — | $ | 680.1 | |||||||||||||||||||||||||||||
Amortized intangible assets: | |||||||||||||||||||||||||||||||||||||||||
Contractual distributor relationships | 15 | 84.8 | (72.3) | 12.5 | 84.1 | (66.1) | 18.0 | ||||||||||||||||||||||||||||||||||
Technology and other | 4-10 | 90.4 | (90.4) | — | 89.7 | (89.7) | — | ||||||||||||||||||||||||||||||||||
Patents, other trademarks and other trade names | 5-20 | 26.8 | (24.8) | 2.0 | 27.2 | (25.1) | 2.1 | ||||||||||||||||||||||||||||||||||
Customer databases, relationships and reacquired rights | 2-5 | 33.3 | (33.1) | 0.2 | 33.2 | (32.9) | 0.3 | ||||||||||||||||||||||||||||||||||
Total | $ | 2,807.7 | $ | (220.6) | $ | 2,587.1 | $ | 914.3 | $ | (213.8) | $ | 700.5 | |||||||||||||||||||||||||||||
| (in millions) | |||||
| 2026 | $ | 5.8 | |||
| 2027 | 5.8 | ||||
| 2028 | 1.3 | ||||
| 2029 | 0.1 | ||||
| 2030 | 0.1 | ||||
| Thereafter | 1.6 | ||||
| Total | $ | 14.7 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 24, 2020 | |
| 2018 | Feb 25, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 12, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.