Unconsolidated Affiliate Companies

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Affiliate Companies

Unconsolidated Affiliate Companies

The Company has ownership interests in a group of Asia-Pacific joint ventures to develop markets for Sealy® branded products in those regions. The Company’s ownership interest in these joint ventures is 50.0% and is accounted for under the equity method. The Company’s investment of $15.5 million and $13.6 million at December 31, 2016 and 2015, respectively, is recorded in other non-current assets in the accompanying Consolidated Balance Sheets. The Company’s share of earnings for the year ended December 31, 2016 and 2015 is recorded in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

The tables below present summarized financial information for joint ventures as of and for the years ended December 31:

(in millions)	2016		2015
Current assets	$	58.6	$	50.0
Non-current assets	14.2		15.7
Current liabilities	41.8		37.3
Equity	31.0		28.4

(in millions)	2016		2015		2014
Revenue	$	155.2	$	131.6	$	99.2
Gross profit	101.7		85.0		62.1
Income from operations	32.2		26.2		16.8
Net income	24.8		20.1		13.1