Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Total Assets and Long-lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)	June 30, 2026		December 31, 2025
Mattress Firm	$	8,128.2	$	7,929.7
Tempur Sealy North America	6,263.4		5,717.9
Tempur Sealy International	1,463.5		1,542.3
Corporate	3,087.7		2,588.7
Inter-segment eliminations	(7,331.8)		(6,177.9)
Total assets	$	11,611.0	$	11,600.7

 The following table summarizes property, plant and equipment, net, by segment:

(in millions)	June 30, 2026		December 31, 2025
Mattress Firm	$	300.6	$	270.7
Tempur Sealy North America	573.5		609.9
Tempur Sealy International	106.2		110.8
Corporate	29.4		27.8
Total property, plant and equipment, net	$	1,009.7	$	1,019.2

The following table summarizes operating lease right-of-use assets by segment:

(in millions)	June 30, 2026		December 31, 2025
Mattress Firm	$	1,363.6	$	1,344.9
Tempur Sealy North America	309.4		315.2
Tempur Sealy International	218.4		215.9
Corporate	2.1		2.8
Total operating lease right-of-use assets	$	1,893.5	$	1,878.8

Schedule of Segment Financial Information

The following table summarizes segment information for the three months ended June 30, 2026:

(in millions)	Mattress Firm		Tempur Sealy North America		Tempur Sealy International		Corporate		Eliminations		Consolidated
Net sales	$	922.2	$	601.8	$	299.5	$	—	$	—	$	1,823.5
Inter-segment sales	3.5		294.1		0.1		—		(297.7)		—
Total net sales and inter-segment sales	$	925.7	$	895.9	$	299.6	$	—	$	(297.7)	$	1,823.5
Inter-segment royalty expense (income)	—		8.5		(8.5)		—		—		—
Gross profit	307.5		367.8		141.9		—		—		817.2
Advertising expenses	45.8		109.8		22.0		—		—		177.6
Other selling and marketing expenses	154.2		61.3		54.4		6.0		—		275.9
General, administrative and other expenses	48.1		40.8		31.0		45.2		—		165.1
Equity income in earnings of unconsolidated affiliates	—		—		(2.7)		(0.4)		—		(3.1)
Operating income (loss)	$	59.4	$	155.9	$	37.2	$	(50.8)	$	—	$	201.7
Interest expense, net											59.0
Other income, net											(5.1)
Income before income taxes											$	147.8
Depreciation and amortization (1)	$	21.0	$	30.1	$	8.5	$	13.8	$	—	$	73.4
Capital expenditures	34.8		11.9		6.4		1.6		—		54.7

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

The following table summarizes segment information for the three months ended June 30, 2025:

(in millions)	Mattress Firm		Tempur Sealy North America		Tempur Sealy International		Corporate		Eliminations		Consolidated
Net sales	$	948.8	$	638.4	$	293.6	$	—	$	—	$	1,880.8
Inter-segment sales	—		263.5		0.1		—		(263.6)		—
Total net sales and inter-segment sales	$	948.8	$	901.9	$	293.7	$	—	$	(263.6)	$	1,880.8
Inter-segment royalty expense (income)	—		11.1		(11.1)		—		—		—
Gross profit	337.4		348.2		141.6		—		—		827.2
Advertising expenses	62.1		103.3		24.1		—		—		189.5
Other selling and marketing expenses	151.8		64.0		50.9		4.3		—		271.0
General, administrative and other expenses	56.2		41.0		29.8		48.9		—		175.9
Loss on disposal of business	4.1		9.8		—		—		—		13.9
Equity income in earnings of unconsolidated affiliates	—		—		(3.0)		—		—		(3.0)
Operating income (loss)	$	63.2	$	130.1	$	39.8	$	(53.2)	$	—	$	179.9
Interest expense, net											72.5
Other expense, net											4.7
Income before income taxes											$	102.7
Depreciation and amortization (1)	$	17.9	$	30.2	$	7.7	$	12.8	$	—	$	68.6
Capital expenditures	23.6		3.3		7.9		1.9		—		36.7

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

The following table summarizes segment information for the six months ended June 30, 2026:

(in millions)	Mattress Firm		Tempur Sealy North America		Tempur Sealy International		Corporate		Eliminations		Consolidated
Net sales	$	1,808.1	$	1,165.3	$	651.6	$	—	$	—	$	3,625.0
Inter-segment sales	6.3		593.4		0.2		—		(599.9)		—
Total net sales and inter-segment sales	$	1,814.4	$	1,758.7	$	651.8	$	—	$	(599.9)	$	3,625.0
Inter-segment royalty expense (income)	—		17.2		(17.2)		—		—		—
Gross profit	580.4		694.2		319.5		—		—		1,594.1
Advertising expenses	76.7		201.4		49.9		—		—		328.0
Other selling and marketing expenses	308.1		123.3		110.5		12.1		—		554.0
General, administrative and other expenses	102.8		81.9		64.8		82.5		—		332.0
Equity income in earnings of unconsolidated affiliates	—		—		(7.8)		(0.9)		—		(8.7)
Operating income (loss)	$	92.8	$	287.6	$	102.1	$	(93.7)	$	—	$	388.8
Interest expense, net											119.0
Other income, net											(15.3)
Income before income taxes											$	285.1
Depreciation and amortization (1)	$	44.5	$	60.2	$	17.1	$	24.1	$	—	$	145.9
Capital expenditures	82.1		19.5		11.9		1.7		—		115.2

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

The following table summarizes segment information for the six months ended June 30, 2025:

(in millions)	Mattress Firm		Tempur Sealy North America		Tempur Sealy International		Corporate		Eliminations		Consolidated
Net sales	$	1,542.5	$	1,344.6	$	598.4	$	—	$	—	$	3,485.5
Inter-segment sales	—		393.6		0.3		—		(393.9)		—
Total net sales and inter-segment sales	1,542.5		1,738.2		598.7		—		(393.9)		3,485.5
Inter-segment royalty expense (income)	—		17.3		(17.3)		—		—		—
Gross profit	528.6		588.2		290.9		—		—		1,407.7
Advertising expenses	95.7		186.9		49.8		—		—		332.4
Other selling and marketing expenses	253.3		132.0		97.5		7.9		—		490.7
General, administrative and other expenses	105.5		89.1		60.5		130.3		—		385.4
Loss on disposal of business	4.1		9.8		—		—		—		13.9
Equity income in earnings of unconsolidated affiliates	—		—		(7.8)		—		—		(7.8)
Operating income (loss)	$	70.0	$	170.4	$	90.9	$	(138.2)	$	—	$	193.1
Interest expense, net											133.8
Other expense, net											5.9
Income before income taxes											$	53.4
Depreciation and amortization (1)	$	34.6	$	61.0	$	15.1	$	24.0	$	—	$	134.7
Capital expenditures	32.8		11.3		14.0		2.6		—		60.7

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

Schedule of Long-Lived Assets by Geographic Region

The following table summarizes property, plant and equipment, net by geographic region:

(in millions)	June 30, 2026		December 31, 2025
United States	$	884.9	$	889.3
All other	124.8		129.9
Total property, plant and equipment, net	$	1,009.7	$	1,019.2

The following table summarizes operating lease right-of-use assets by geographic region:

(in millions)	June 30, 2026		December 31, 2025
United States	$	1,666.6	$	1,653.1
All other	226.9		225.7
Total operating lease right-of-use assets	$	1,893.5	$	1,878.8