XML 21 R93.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Guarantor/Non-Guarantor Financial Information - Schedule of Supplemental Condensed Consolidating Statements of Income and Comprehensive Income (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
May 24, 2016
Sep. 24, 2015
Statement of Income                          
Net sales $ 871,300,000 $ 821,000,000.0 $ 722,800,000 $ 690,900,000 $ 676,100,000 $ 729,500,000 $ 659,900,000 $ 637,400,000 $ 3,106,000,000.0 $ 2,702,900,000 $ 2,700,600,000    
Cost of sales                 1,763,800,000 1,582,200,000 1,579,600,000    
Gross profit 386,400,000 360,600,000 313,400,000 281,800,000 283,200,000 300,000,000.0 272,800,000 264,700,000 1,342,200,000 1,120,700,000 1,121,000,000.0    
Selling and marketing expenses                 666,300,000 587,800,000 586,100,000    
General, administrative and other expenses                 315,300,000 273,000,000.0 261,400,000    
Customer-related charges                 29,800,000 21,200,000 14,400,000    
Equity income in earnings of unconsolidated affiliates                 (15,900,000) (17,600,000) (15,600,000)    
Royalty income, net of royalty expense                 0 0 (20,800,000)    
Operating (loss) income 84,600,000 120,600,000 81,000,000.0 60,500,000 57,900,000 84,700,000 58,000,000.0 55,700,000 346,700,000 256,300,000 295,500,000    
Other expense, net:                          
Third party interest expense, net                 85,700,000 92,300,000 87,300,000    
Intercompany interest (income) expense, net                 0 0 0    
Interest expense (income), net                 85,700,000 92,300,000 87,300,000    
Other (income) expense, net                 (4,500,000) (1,000,000.0) (7,200,000)    
Total other expense, net                 81,200,000 91,300,000 80,100,000    
Income from equity investees                 0 0 0    
Income from continuing operations before income taxes                 265,500,000 165,000,000.0 215,400,000    
Income tax benefit (provision)                 (74,700,000) (49,600,000) (43,800,000)    
Income from continuing operations                 190,800,000 115,400,000 171,600,000    
Loss from discontinued operations, net of tax                 (1,400,000) (17,800,000) (30,900,000)    
Net income before non-controlling interests                 189,400,000 97,600,000 140,700,000    
Less: Net loss attributable to non-controlling interests                 (100,000) (2,900,000) (10,700,000)    
Net income attributable to Tempur Sealy International, Inc. 46,200,000 $ 73,300,000 $ 41,600,000 $ 28,400,000 12,300,000 $ 42,300,000 $ 22,800,000 $ 23,100,000 189,500,000 100,500,000 151,400,000    
Comprehensive income attributable to Tempur Sealy International, Inc.                 197,100,000 80,700,000 179,400,000    
2023 Senior Notes                          
Guarantor/non-guarantor financial information                          
Senior notes, noncurrent 450,000,000.0       450,000,000.0       450,000,000.0 450,000,000.0     $ 450,000,000.0
2026 Senior Notes                          
Guarantor/non-guarantor financial information                          
Senior notes, noncurrent 600,000,000.0       600,000,000.0       600,000,000.0 600,000,000.0   $ 600,000,000.0  
Securitized debt                          
Guarantor/non-guarantor financial information                          
Senior notes, noncurrent $ 375,000,000.0       $ 375,000,000.0       375,000,000.0 375,000,000.0      
Reportable Legal Entities | Tempur Sealy International, Inc. (Ultimate Parent)                          
Statement of Income                          
Net sales                 0 0 0    
Cost of sales                 0 0 0    
Gross profit                 0 0 0    
Selling and marketing expenses                 11,200,000 8,400,000 5,600,000    
General, administrative and other expenses                 17,400,000 17,800,000 17,500,000    
Customer-related charges                 0   (8,400,000)    
Equity income in earnings of unconsolidated affiliates                 0 0 0    
Royalty income, net of royalty expense                     0    
Operating (loss) income                 (28,600,000) (26,200,000) (14,700,000)    
Other expense, net:                          
Third party interest expense, net                 56,300,000 59,200,000 59,600,000    
Intercompany interest (income) expense, net                 (9,800,000) (6,900,000) (4,700,000)    
Interest expense (income), net                 46,500,000 52,300,000 54,900,000    
Other (income) expense, net                 0 0 0    
Total other expense, net                 46,500,000 52,300,000 54,900,000    
Income from equity investees                 250,700,000 162,000,000.0 193,100,000    
Income from continuing operations before income taxes                 175,600,000 83,500,000 123,500,000    
Income tax benefit (provision)                 13,800,000 14,100,000 17,200,000    
Income from continuing operations                 189,400,000 97,600,000 140,700,000    
Loss from discontinued operations, net of tax                 0 0 0    
Net income before non-controlling interests                 189,400,000 97,600,000 140,700,000    
Less: Net loss attributable to non-controlling interests                 (100,000) (2,900,000) (10,700,000)    
Net income attributable to Tempur Sealy International, Inc.                 189,500,000 100,500,000 151,400,000    
Comprehensive income attributable to Tempur Sealy International, Inc.                 197,100,000 80,700,000 179,400,000    
Reportable Legal Entities | Combined Guarantor Subsidiaries                          
Statement of Income                          
Net sales                 2,387,100,000 2,000,900,000 1,961,200,000    
Cost of sales                 1,390,600,000 1,208,300,000 1,185,400,000    
Gross profit                 996,500,000 792,600,000 775,800,000    
Selling and marketing expenses                 466,000,000.0 392,000,000.0 406,800,000    
General, administrative and other expenses                 242,800,000 204,600,000 176,600,000    
Customer-related charges                 29,800,000 21,200,000 21,700,000    
Equity income in earnings of unconsolidated affiliates                 0 0 0    
Royalty income, net of royalty expense                     (20,800,000)    
Operating (loss) income                 257,900,000 174,800,000 191,500,000    
Other expense, net:                          
Third party interest expense, net                 26,700,000 30,200,000 26,000,000.0    
Intercompany interest (income) expense, net                 13,200,000 10,800,000 8,300,000    
Interest expense (income), net                 39,900,000 41,000,000.0 34,300,000    
Other (income) expense, net                 (7,600,000) (9,900,000) (17,200,000)    
Total other expense, net                 32,300,000 31,100,000 17,100,000    
Income from equity investees                 84,300,000 26,600,000 51,300,000    
Income from continuing operations before income taxes                 309,900,000 170,300,000 225,700,000    
Income tax benefit (provision)                 (59,200,000) (8,300,000) (32,600,000)    
Income from continuing operations                 250,700,000 162,000,000.0 193,100,000    
Loss from discontinued operations, net of tax                 0 0 0    
Net income before non-controlling interests                 250,700,000 162,000,000.0 193,100,000    
Less: Net loss attributable to non-controlling interests                 0 (2,600,000) (5,200,000)    
Net income attributable to Tempur Sealy International, Inc.                 250,700,000 164,600,000 198,300,000    
Comprehensive income attributable to Tempur Sealy International, Inc.                 251,900,000 164,200,000 193,000,000.0    
Reportable Legal Entities | Combined Non-Guarantor Subsidiaries                          
Statement of Income                          
Net sales                 793,500,000 800,500,000 862,500,000    
Cost of sales                 447,800,000 464,300,000 497,600,000    
Gross profit                 345,700,000 336,200,000 364,900,000    
Selling and marketing expenses                 189,200,000 199,800,000 188,900,000    
General, administrative and other expenses                 57,700,000 57,400,000 78,900,000    
Customer-related charges                 0   1,100,000    
Equity income in earnings of unconsolidated affiliates                 (15,900,000) (17,600,000) (15,600,000)    
Royalty income, net of royalty expense                     0    
Operating (loss) income                 114,700,000 96,600,000 111,600,000    
Other expense, net:                          
Third party interest expense, net                 2,700,000 4,600,000 22,400,000    
Intercompany interest (income) expense, net                 (3,400,000) (3,900,000) (3,600,000)    
Interest expense (income), net                 (700,000) 700,000 18,800,000    
Other (income) expense, net                 1,600,000 13,900,000 9,200,000    
Total other expense, net                 900,000 14,600,000 28,000,000.0    
Income from equity investees                 0 0 0    
Income from continuing operations before income taxes                 113,800,000 82,000,000.0 83,600,000    
Income tax benefit (provision)                 (29,500,000) (55,400,000) (32,300,000)    
Income from continuing operations                 84,300,000 26,600,000 51,300,000    
Loss from discontinued operations, net of tax                 0 0 0    
Net income before non-controlling interests                 84,300,000 26,600,000 51,300,000    
Less: Net loss attributable to non-controlling interests                 (100,000) (300,000) (5,500,000)    
Net income attributable to Tempur Sealy International, Inc.                 84,400,000 26,900,000 56,800,000    
Comprehensive income attributable to Tempur Sealy International, Inc.                 90,800,000 7,500,000 89,900,000    
Reclassifications and Eliminations                          
Statement of Income                          
Net sales                 (74,600,000) (98,500,000) (123,100,000)    
Cost of sales                 (74,600,000) (90,400,000) (103,400,000)    
Gross profit                 0 (8,100,000) (19,700,000)    
Selling and marketing expenses                 (100,000) (12,400,000) (15,200,000)    
General, administrative and other expenses                 (2,600,000) (6,800,000) (11,600,000)    
Customer-related charges                 0   0    
Equity income in earnings of unconsolidated affiliates                 0 0 0    
Royalty income, net of royalty expense                     0    
Operating (loss) income                 2,700,000 11,100,000 7,100,000    
Other expense, net:                          
Third party interest expense, net                 0 (1,700,000) (20,700,000)    
Intercompany interest (income) expense, net                 0 0 0    
Interest expense (income), net                 0 (1,700,000) (20,700,000)    
Other (income) expense, net                 1,500,000 (5,000,000.0) 800,000    
Total other expense, net                 1,500,000 (6,700,000) (19,900,000)    
Income from equity investees                 (335,000,000.0) (188,600,000) (244,400,000)    
Income from continuing operations before income taxes                 (333,800,000) (170,800,000) (217,400,000)    
Income tax benefit (provision)                 200,000 0 3,900,000    
Income from continuing operations                 (333,600,000) (170,800,000) (213,500,000)    
Loss from discontinued operations, net of tax                 (1,400,000) (17,800,000) (30,900,000)    
Net income before non-controlling interests                 (335,000,000.0) (188,600,000) (244,400,000)    
Less: Net loss attributable to non-controlling interests                 100,000 2,900,000 10,700,000    
Net income attributable to Tempur Sealy International, Inc.                 (335,100,000) (191,500,000) (255,100,000)    
Comprehensive income attributable to Tempur Sealy International, Inc.                 $ (342,700,000) $ (171,700,000) $ (282,900,000)