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Guarantor/Non-Guarantor Financial Information (Tables)
 3 Months Ended
Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of supplemental condensed consolidated statements of income and comprehensive income
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income
Three Months Ended March 31, 2018
(in millions)
 
Tempur Sealy International, Inc. (Ultimate Parent)
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
440.7

 
$
224.8

 
$
(17.5
)
 
$
648.0

Cost of sales
—

 
266.4

 
131.2

 
(17.5
)
 
380.1

Gross profit
—

 
174.3

 
93.6

 
—

 
267.9

Selling and marketing expenses
1.9

 
93.1

 
53.9

 
—

 
148.9

General, administrative and other expenses
4.7

 
47.5

 
16.8

 
—

 
69.0

Equity income in earnings of unconsolidated affiliates
—

 
—

 
(3.9
)
 
—

 
(3.9
)
Operating (loss) income
(6.6
)
 
33.7

 
26.8

 
—

 
53.9

 
 
 
 
 
 
 
 
 
 
Other expense, net:
 

 
 

 
 

 
 

 
 
Third party interest expense, net
14.9

 
6.9

 
1.1

 
—

 
22.9

Intercompany interest (income) expense, net
(1.8
)
 
1.8

 
—

 
—

 
—

Interest expense, net
13.1

 
8.7

 
1.1

 
—

 
22.9

Other (income) expense, net
—

 
(2.2
)
 
0.4

 
—

 
(1.8
)
Total other expense, net
13.1

 
6.5

 
1.5

 
—

 
21.1

 
 
 
 
 
 
 
 
 
 
Income from equity investees
39.1

 
19.0

 
—

 
(58.1
)
 
—

 
 
 
 
 
 
 
 
 
 
Income before income taxes
19.4

 
46.2

 
25.3

 
(58.1
)
 
32.8

Income tax benefit (provision)
3.4

 
(7.1
)
 
(6.3
)
 
—

 
(10.0
)
Net income before non-controlling interest
22.8

 
39.1

 
19.0

 
(58.1
)
 
22.8

Less: Net loss attributable to non-controlling interest
(0.3
)
 
—

 
(0.3
)
 
0.3

 
(0.3
)
Net income attributable to Tempur Sealy International, Inc.
$
23.1

 
$
39.1

 
$
19.3

 
$
(58.4
)
 
$
23.1

 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable to Tempur Sealy International, Inc.
$
27.5

 
$
38.5

 
$
24.3

 
$
(62.8
)
 
$
27.5

 
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income
Three Months Ended March 31, 2017
(in millions)
 
Tempur Sealy International, Inc. (Ultimate Parent)
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
529.8

 
$
212.7

 
$
(20.4
)
 
$
722.1

Cost of sales
—

 
330.3

 
125.6

 
(20.4
)
 
435.5

Gross profit
—

 
199.5

 
87.1

 
—

 
286.6

Selling and marketing expenses
1.4

 
104.9

 
47.4

 
—

 
153.7

General, administrative and other expenses
4.0

 
44.3

 
18.2

 
—

 
66.5

Customer termination charges, net
(8.4
)
 
21.8

 
1.0

 
 
 
14.4

Equity income in earnings of unconsolidated affiliates
—

 
—

 
(2.7
)
 
—

 
(2.7
)
Royalty income, net of royalty expense
—

 
(4.8
)
 
—

 
—

 
(4.8
)
Operating income
3.0

 
33.3

 
23.2

 
—

 
59.5

 
 
 
 
 
 
 
 
 
 
Other expense, net:
 

 
 

 
 

 
 

 
 

Third party interest expense, net
14.9

 
6.5

 
0.7

 
—

 
22.1

Intercompany interest (income) expense, net
(1.2
)
 
(0.3
)
 
1.5

 
—

 
—

Interest expense, net
13.7

 
6.2

 
2.2

 
—

 
22.1

Other (income) expense, net
—

 
(9.3
)
 
0.1

 
—

 
(9.2
)
Total other expense (income), net
13.7

 
(3.1
)
 
2.3

 
—

 
12.9

 
 
 
 
 
 
 
 
 
 
Income from equity investees
40.6

 
15.6

 
—

 
(56.2
)
 
—

 
 
 
 
 
 
 
 
 
 
Income before income taxes
29.9

 
52.0

 
20.9

 
(56.2
)
 
46.6

Income tax benefit (provision)
2.1

 
(11.4
)
 
(5.3
)
 
—

 
(14.6
)
Net income before non-controlling interests
32.0

 
40.6

 
15.6

 
(56.2
)
 
32.0

Less: Net loss attributable to non-controlling interests
(1.9
)
 
—

 
(1.9
)
 
1.9

 
(1.9
)
Net income attributable to Tempur Sealy International, Inc.
$
33.9

 
$
40.6

 
$
17.5

 
$
(58.1
)
 
$
33.9

 
 
 
 
 
 
 
 
 
 
Comprehensive income attributable to Tempur Sealy International, Inc.
$
42.2

 
$
36.1

 
$
30.4

 
$
(66.5
)
 
$
42.2


 
Schedule of supplemental condensed consolidated balance sheets
Supplemental Condensed Consolidated Balance Sheets
March 31, 2018
(in millions)
 
Tempur Sealy International, Inc. (Ultimate Parent)
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
7.8

 
$
26.7

 
$
—

 
$
34.5

Accounts receivable, net
—

 
5.1

 
323.2

 
11.1

 
339.4

Inventories
—

 
130.3

 
84.4

 
—

 
214.7

Income taxes receivable
264.4

 
—

 
—

 
(264.4
)
 
—

Prepaid expenses and other current assets
0.6

 
52.8

 
17.8

 
—

 
71.2

Total Current Assets
265.0

 
196.0

 
452.1

 
(253.3
)
 
659.8

Property, plant and equipment, net
—

 
362.7

 
74.1

 
—

 
436.8

Goodwill
—

 
507.6

 
223.5

 
—

 
731.1

Other intangible assets, net
—

 
574.6

 
87.1

 
—

 
661.7

Deferred income taxes
11.1

 
—

 
25.1

 
(11.1
)
 
25.1

Other non-current assets
—

 
44.2

 
191.3

 
—

 
235.5

Net investment in subsidiaries
544.9

 
116.5

 
—

 
(661.4
)
 
—

Due from affiliates
432.8

 
131.1

 
21.2

 
(585.1
)
 
—

Total Assets
$
1,253.8

 
$
1,932.7

 
$
1,074.4

 
$
(1,510.9
)
 
$
2,750.0

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 

 
 

 
 

 
 

 
 

Accounts payable
$
—

 
$
159.8

 
$
77.8

 
$
11.1

 
$
248.7

Accrued expenses and other current liabilities
21.4

 
124.4

 
80.7

 
—

 
226.5

Income taxes payable
—

 
285.9

 
7.2

 
(264.4
)
 
28.7

Current portion of long-term debt
—

 
35.8

 
29.8

 
—

 
65.6

Total Current Liabilities
21.4

 
605.9

 
195.5

 
(253.3
)
 
569.5

Long-term debt, net
1,042.0

 
580.0

 
85.6

 
—

 
1,707.6

Deferred income taxes
—

 
107.1

 
17.5

 
(11.1
)
 
113.5

Other non-current liabilities
—

 
57.7

 
157.2

 
—

 
214.9

Due to affiliates
45.9

 
37.1

 
502.1

 
(585.1
)
 
—

Total Liabilities
1,109.3

 
1,387.8

 
957.9

 
(849.5
)
 
2,605.5

 
 
 
 
 
 
 
 
 
 
Redeemable non-controlling interest
1.9

 
—

 
1.9

 
(1.9
)
 
1.9

 
 
 
 
 
 
 
 
 
 
Total Stockholders' Equity
142.6

 
544.9

 
114.6

 
(659.5
)
 
142.6

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity
$
1,253.8

 
$
1,932.7

 
$
1,074.4

 
$
(1,510.9
)
 
$
2,750.0

Supplemental Condensed Consolidated Balance Sheets
December 31, 2017
(in millions)
 
Tempur Sealy International, Inc. (Ultimate Parent)
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.1

 
$
12.3

 
$
29.5

 
$
—

 
$
41.9

Accounts receivable, net
—

 
5.1

 
322.2

 
(9.6
)
 
317.7

Inventories
—

 
103.4

 
79.6

 
—

 
183.0

Income taxes receivable
260.2

 
—

 
—

 
(260.2
)
 
—

Prepaid expenses and other current assets
0.8

 
50.6

 
13.4

 
—

 
64.8

Total Current Assets
261.1

 
171.4

 
444.7

 
(269.8
)
 
607.4

Property, plant and equipment, net
—

 
360.4

 
74.7

 
—

 
435.1

Goodwill
—

 
507.6

 
225.5

 
—

 
733.1

Other intangible assets, net
—

 
577.5

 
89.9

 
—

 
667.4

Deferred income taxes
11.8

 
—

 
23.6

 
(11.8
)
 
23.6

Other non-current assets
—

 
47.2

 
180.2

 
—

 
227.4

Net investment in subsidiaries
2,381.0

 
127.7

 
—

 
(2,508.7
)
 
—

Due from affiliates
87.2

 
1,975.9

 
15.6

 
(2,078.7
)
 
—

Total Assets
$
2,741.1

 
$
3,767.7

 
$
1,054.2

 
$
(4,869.0
)
 
$
2,694.0

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
Current Liabilities:
 

 
 

 
 

 
 

 
 

Accounts payable
$
—

 
$
174.6

 
$
76.2

 
$
(9.6
)
 
$
241.2

Accrued expenses and other current liabilities
7.6

 
144.2

 
82.4

 
—

 
234.2

Income taxes payable
—

 
279.3

 
10.0

 
(260.2
)
 
29.1

Current portion of long-term debt
—

 
35.7

 
36.7

 
—

 
72.4

Total Current Liabilities
7.6

 
633.8

 
205.3

 
(269.8
)
 
576.9

Long-term debt, net
1,041.6

 
589.4

 
49.7

 
—

 
1,680.7

Deferred income taxes
—

 
107.8

 
18.3

 
(11.8
)
 
114.3

Other non-current liabilities
—

 
55.2

 
152.2

 
—

 
207.4

Due to affiliates
1,577.2

 
0.5

 
501.0

 
(2,078.7
)
 
—

Total Liabilities
2,626.4

 
1,386.7

 
926.5

 
(2,360.3
)
 
2,579.3

 
 
 
 
 
 
 
 
 
 
Redeemable non-controlling interest
2.2

 
—

 
2.2

 
(2.2
)
 
2.2

 
 
 
 
 
 
 
 
 
 
Total Stockholders' Equity
112.5

 
2,381.0

 
125.5

 
(2,506.5
)
 
112.5

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity
$
2,741.1

 
$
3,767.7

 
$
1,054.2

 
$
(4,869.0
)
 
$
2,694.0
Schedule of supplemental condensed consolidated statements of cash flows
Supplemental Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2018
(in millions)
 
Tempur Sealy International, Inc. (Ultimate Parent)
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
1.0

 
$
(18.2
)
 
$
7.5

 
$
—

 
$
(9.7
)
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Purchases of property, plant and equipment
—

 
(18.7
)
 
(3.1
)
 
—

 
(21.8
)
Contributions received from (paid to) subsidiaries and affiliates
—

 
35.2

 
(35.2
)
 
—

 
—

Other
—

 
—

 
4.2

 
—

 
4.2

Net cash provided by (used in) by investing activities
—

 
16.5

 
(34.1
)
 
—

 
(17.6
)
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Proceeds from borrowings under long-term debt obligations
—

 
185.3

 
231.8

 
—

 
417.1

Repayments of borrowings under long-term debt obligations
—

 
(191.8
)
 
(203.0
)
 
—

 
(394.8
)
Net activity in investment in and advances (to) from subsidiaries and affiliates
(0.1
)
 
5.0

 
(4.9
)
 
—

 
—

Proceeds from issuance of treasury shares
1.9

 
—

 
—

 
—

 
1.9

Treasury stock repurchased
(2.9
)
 
—

 
—

 
—

 
(2.9
)
Other
—

 
(1.3
)
 
(0.5
)
 
—

 
(1.8
)
Net cash (used in) provided by financing activities
(1.1
)
 
(2.8
)
 
23.4

 
—

 
19.5

 
 
 
 
 
 
 
 
 
 
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
—

 
—

 
0.4

 
—

 
0.4

Decrease in cash and cash equivalents
(0.1
)
 
(4.5
)
 
(2.8
)
 
—

 
(7.4
)
CASH AND CASH EQUIVALENTS, beginning of period
0.1

 
12.3

 
29.5

 
—

 
41.9

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
7.8

 
$
26.7

 
$
—

 
$
34.5

 
Supplemental Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2017
(in millions)
 
Tempur Sealy International, Inc. (Ultimate Parent)
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by operating activities
$
0.1

 
$
55.1

 
$
12.0

 
$
—

 
$
67.2

 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:


 


 


 


 


Purchases of property, plant and equipment
—

 
(10.6
)
 
(2.3
)
 
—

 
(12.9
)
Other
—

 
0.8

 
0.1

 
—

 
0.9

Net cash used in investing activities
—

 
(9.8
)
 
(2.2
)
 
—

 
(12.0
)
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Proceeds from borrowings under long-term debt obligations
—

 
251.4

 
51.5

 
—

 
302.9

Repayments of borrowings under long-term debt obligations
—

 
(278.9
)
 
(52.9
)
 
—

 
(331.8
)
Net activity in investment in and advances from (to) subsidiaries and affiliates
43.6

 
(19.0
)
 
(24.6
)
 
—

 
—

Proceeds from exercise of stock options
0.1

 
—

 
—

 
—

 
0.1

Treasury stock repurchased
(43.8
)
 
—

 
—

 
—

 
(43.8
)
Other
—

 
(1.1
)
 
(2.3
)
 
—

 
(3.4
)
Net cash used in financing activities
(0.1
)
 
(47.6
)
 
(28.3
)
 
—

 
(76.0
)
 
 
 
 
 
 
 
 
 
 
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
—

 
—

 
(2.4
)
 
—

 
(2.4
)
Decrease in cash and cash equivalents
—

 
(2.3
)
 
(20.9
)
 
—

 
(23.2
)
CASH AND CASH EQUIVALENTS, beginning of period
—

 
7.9

 
57.8

 
—

 
65.7

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
5.6

 
$
36.9

 
$
—

 
$
42.5