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Business Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information

The Company operates in two segments: North America and International. Corporate operating expenses are not included in either of the segments and are presented separately as a reconciling item to consolidated results. These segments are strategic business units that are managed separately based on geography. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. The Company evaluates segment performance based on net sales, gross profit and operating income. There were no customers that contributed more than 10% of the Company's sales in 2019 or 2018.

The Company’s North America and International segment assets include investments in subsidiaries that are appropriately eliminated in the Company’s accompanying Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable and payable.

The following table summarizes total assets by segment:
 
December 31,
 
December 31,
(in millions)
2019
 
2018
North America
$
3,142.9

 
$
2,788.1

International
615.3

 
604.8

Corporate
477.1

 
569.0

Inter-segment eliminations
(1,173.5
)
 
(1,246.5
)
Total assets
$
3,061.8

 
$
2,715.4


     The following table summarizes property, plant and equipment, net, by segment:
 
December 31,
 
December 31,
(in millions)
2019
 
2018
North America
$
328.9

 
$
317.5

International
51.8

 
51.1

Corporate
55.1

 
52.2

Total property, plant and equipment, net
$
435.8

 
$
420.8


 
The following table summarizes operating lease right-of-use assets by segment:
 
December 31,
 
December 31,
(in millions)
2019
 
2018
North America
$
202.0

 
$
—

International
42.2

 
—

Corporate
1.2

 
—

Total operating lease right-of-use assets
$
245.4

 
$
—




The following table summarizes segment information for the year ended December 31, 2019:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
2,379.6

 
$
455.7

 
$
—

 
$
—

 
$
2,835.3

Other sales
153.7

 
117.0

 
—

 
—

 
270.7

Net sales
$
2,533.3

 
$
572.7

 
$
—

 
$
—

 
$
3,106.0

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
3.4

 
$
0.7

 
$
—

 
$
(4.1
)
 
$
—

Inter-segment royalty expense (income)
4.5

 
(4.5
)
 
—

 
—

 
—

Gross profit
1,035.2

 
307.0

 
—

 
—

 
1,342.2

Operating income (loss)
344.8

 
115.4

 
(113.5
)
 
—

 
346.7

Income (loss) from continuing operations before income taxes
337.0

 
109.7

 
(181.2
)
 
—

 
265.5

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization (1)
$
64.4

 
$
13.7

 
$
38.4

 
$
—

 
$
116.5

Capital expenditures
62.1

 
11.6

 
14.5

 
—

 
88.2

(1)
Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2018:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
2,002.1

 
$
453.2

 
$
—

 
$
—

 
$
2,455.3

Other sales
134.1

 
113.5

 
—

 
—

 
247.6

Net sales
$
2,136.2

 
$
566.7

 
$
—

 
$
—

 
$
2,702.9

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
3.4

 
$
0.5

 
$
—

 
$
(3.9
)
 
$
—

Inter-segment royalty expense (income)
3.1

 
(3.1
)
 
—

 
—

 
—

Gross profit
823.4

 
297.3

 
—

 
—

 
1,120.7

Operating income (loss)
250.0

 
107.5

 
(101.2
)
 
—

 
256.3

Income (loss) from continuing operations before income taxes
241.1

 
101.0

 
(177.1
)
 
—

 
165.0

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization (1)
$
59.0

 
$
13.5

 
$
39.4

 
$
—

 
$
111.9

Capital expenditures
52.7

 
14.0

 
6.9

 
—

 
73.6

(1)
Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2017:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
2,051.8

 
$
421.6

 
$
—

 
$
—

 
$
2,473.4

Other sales
122.0

 
105.2

 
—

 
—

 
227.2

Net sales
$
2,173.8

 
$
526.8

 
$
—

 
$
—

 
$
2,700.6

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
3.8

 
$
1.0

 
$
—

 
$
(4.8
)
 
$
—

Inter-segment royalty expense (income)
5.5

 
(5.5
)
 
—

 
—

 
—

Gross profit
844.7

 
276.3

 
—

 
—

 
1,121.0

Operating income (loss)
273.2

 
112.0

 
(89.7
)
 
—

 
295.5

Income (loss) from continuing operations before income taxes
276.0

 
104.5

 
(165.1
)
 
—

 
215.4

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization (1)
$
51.4

 
$
14.1

 
$
28.5

 
$
—

 
$
94.0

Capital expenditures
39.9

 
9.0

 
17.7

 
—

 
66.6

(1)
Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes property, plant and equipment, net, by geographic region:
 
December 31,
 
December 31,
(in millions)
2019
 
2018
United States
$
366.4

 
$
350.7

Canada
17.5

 
19.1

Other International
51.9

 
51.0

Total property, plant and equipment, net
$
435.8

 
$
420.8

Total International
$
69.4

 
$
70.1



The following table summarizes operating lease right-of-use assets by geographic region:
 
December 31,
 
December 31,
(in millions)
2019
 
2018
United States
$
198.3

 
$
—

Canada
4.9

 
—

Other International
42.2

 
—

Total operating lease right-of-use assets
$
245.4

 
$
—

Total International
$
47.1

 
$
—



The following table summarizes net sales by geographic region:
 
Year Ended December 31,
(in millions)
2019
 
2018
 
2017
United States
$
2,312.3

 
$
1,928.9

 
$
1,954.2

Canada
221.0

 
207.3

 
219.6

Other International
572.7

 
566.7

 
526.8

Total net sales
$
3,106.0

 
$
2,702.9

 
$
2,700.6

Total International
$
793.7

 
$
774.0

 
$
746.4