XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,211.0 $ 1,169.1 $ 2,450.5 $ 2,212.9
Cost of sales 714.5 650.9 1,431.2 1,235.8
Gross profit 496.5 518.2 1,019.3 977.1
Selling and marketing expenses 252.9 216.8 496.4 414.5
General, administrative and other expenses 102.3 85.1 199.9 164.6
Equity income in earnings of unconsolidated affiliates (2.6) (7.0) (9.5) (13.7)
Operating income 143.9 223.3 332.5 411.7
Other expense, net:        
Interest expense, net 23.7 20.0 44.6 32.3
Loss on extinguishment of debt 0.0 18.0 0.0 23.0
Other expense (income), net 0.7 (0.1) (0.6) (0.4)
Total other expense, net 24.4 37.9 44.0 54.9
Income from continuing operations before income taxes 119.5 185.4 288.5 356.8
Income tax provision (28.3) (44.7) (66.4) (85.2)
Income from continuing operations 91.2 140.7 222.1 271.6
Loss from discontinued operations, net of tax 0.0 (0.3) 0.0 (0.5)
Net income before non-controlling interests 91.2 140.4 222.1 271.1
Less: Net income (loss) attributable to non-controlling interests 0.6 (0.4) 0.8 (0.2)
Net income attributable to Tempur Sealy International, Inc. $ 90.6 $ 140.8 $ 221.3 $ 271.3
Earnings per common share:        
Basic (in dollars per share) $ 0.52 $ 0.72 $ 1.24 $ 1.36
Diluted (in dollars per share) $ 0.51 $ 0.69 $ 1.20 $ 1.32
Weighted average common shares outstanding:        
Basic (in shares) 174.1 197.0 178.3 200.4
Diluted (in shares) 178.8 204.1 183.7 204.9