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Guarantor/Non-Guarantor Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2014
Guarantor/Non-Guarantor Financial Information |
Schedule of Supplemental Condensed Consolidating Statements of Operations | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2014 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,229.5 |  |  | $ | 802.9 |  |  | $ | (42.6 | ) |  | $ | 2,989.8 |
Cost of sales | — |  |  | 1,465.3 |  |  | 416.7 |  |  | (42.6 | ) |  | 1,839.4 |
Gross profit | — |  |  | 764.2 |  |  | 386.2 |  |  | — |  |  | 1,150.4 |
Selling and marketing expenses | 2.4 |  |  | 431.2 |  |  | 186.3 |  |  | — |  |  | 619.9 |
General, administrative and other expenses | 13.4 |  |  | 200.5 |  |  | 66.7 |  |  | — |  |  | 280.6 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (8.3 | ) |  | — |  |  | (8.3 | )
Royalty income, net of royalty expense | — |  |  | (18.1 | ) |  | — |  |  | — |  |  | (18.1 | )
Operating (loss) income | (15.8 | ) |  | 150.6 |  |  | 141.5 |  |  | — |  |  | 276.3 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 27.0 |  |  | 62.4 |  |  | 2.5 |  |  | — |  |  | 91.9 |
Intercompany interest expense (income), net | 32.7 |  |  | (34.6 | ) |  | 1.9 |  |  | — |  |  | — |
Interest expense, net | 59.7 |  |  | 27.8 |  |  | 4.4 |  |  | — |  |  | 91.9 |
Loss on dispsoal, net | — |  |  | 23.2 |  |  | — |  |  | — |  |  | 23.2 |
Other (income) expense, net | — |  |  | (17.2 | ) |  | 3.5 |  |  | — |  |  | (13.7 | )
Total other expense | 59.7 |  |  | 33.8 |  |  | 7.9 |  |  | — |  |  | 101.4 |
Income from equity investees | 159.2 |  |  | 98.7 |  |  | — |  |  | (257.9 | ) |  | — |
Income before income taxes | 83.7 |  |  | 215.5 |  |  | 133.6 |  |  | (257.9 | ) |  | 174.9 |
Income tax benefit (provision) | 26.3 |  |  | (56.3 | ) |  | (34.9 | ) |  | — |  |  | (64.9 | )
Net income | 110.0 |  |  | 159.2 |  |  | 98.7 |  |  | (257.9 | ) |  | 110.0 |
Less: net income attributable to non-controlling interest | 1.1 |  |  | 1.1 |  |  | — |  |  | (1.1 | ) |  | 1.1 |
Net income attributable to Tempur Sealy International, Inc. | $ | 108.9 |  |  | $ | 158.1 |  |  | $ | 98.7 |  |  | $ | (256.8 | ) |  | $ | 108.9 |
Comprehensive income | $ | 66.9 |  |  | $ | 163.3 |  |  | $ | 60.3 |  |  | $ | (223.6 | ) |  | $ | 66.9 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2013 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,758.2 |  |  | $ | 728.1 |  |  | $ | (22.0 | ) |  | $ | 2,464.3 |
Cost of sales | — |  |  | 1,110.5 |  |  | 360.9 |  |  | (22.0 | ) |  | 1,449.4 |
Gross profit | — |  |  | 647.7 |  |  | 367.2 |  |  | — |  |  | 1,014.9 |
Selling and marketing expenses | 2.4 |  |  | 358.1 |  |  | 162.4 |  |  | — |  |  | 522.9 |
General, administrative and other expenses | 17.1 |  |  | 181.6 |  |  | 67.6 |  |  | — |  |  | 266.3 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (4.4 | ) |  | — |  |  | (4.4 | )
Royalty income, net of royalty expense | — |  |  | (13.7 | ) |  | — |  |  | — |  |  | (13.7 | )
Operating (loss) income | (19.5 | ) |  | 121.7 |  |  | 141.6 |  |  | — |  |  | 243.8 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 27.5 |  |  | 81.5 |  |  | 1.8 |  |  | — |  |  | 110.8 |
Intercompany interest expense (income), net | 32.7 |  |  | (34.1 | ) |  | 1.4 |  |  | — |  |  | — |
Interest expense (income), net | 60.2 |  |  | 47.4 |  |  | 3.2 |  |  | — |  |  | 110.8 |
Other (income) expense, net | — |  |  | (0.9 | ) |  | 5.9 |  |  | — |  |  | 5.0 |
Total other expense | 60.2 |  |  | 46.5 |  |  | 9.1 |  |  | — |  |  | 115.8 |
Income from equity investees | 133.4 |  |  | 93.6 |  |  | — |  |  | (227.0 | ) |  | — |
Income before income taxes | 53.7 |  |  | 168.8 |  |  | 132.5 |  |  | (227.0 | ) |  | 128.0 |
Income tax benefit (provision) | 25.2 |  |  | (35.4 | ) |  | (38.9 | ) |  | — |  |  | (49.1 | )
Net income | 78.9 |  |  | 133.4 |  |  | 93.6 |  |  | (227.0 | ) |  | 78.9 |
Less: net income attributable to non-controlling interest | 0.3 |  |  | 0.3 |  |  | — |  |  | (0.3 | ) |  | 0.3 |
Net income attributable to Tempur Sealy International, Inc. | $ | 78.6 |  |  | $ | 133.1 |  |  | $ | 93.6 |  |  | $ | (226.7 | ) |  | $ | 78.6 |
Comprehensive income | $ | 72.5 |  |  | $ | 133.8 |  |  | $ | 86.2 |  |  | $ | (220.0 | ) |  | $ | 72.5 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2012 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 947.8 |  |  | $ | 481.0 |  |  | $ | (25.9 | ) |  | $ | 1,402.9 |
Cost of sales | — |  |  | 509.0 |  |  | 205.2 |  |  | (25.9 | ) |  | 688.3 |
Gross profit | — |  |  | 438.8 |  |  | 275.8 |  |  | — |  |  | 714.6 |
Selling and marketing expenses | 2.5 |  |  | 191.9 |  |  | 124.7 |  |  | — |  |  | 319.1 |
General, administrative and other expenses | 4.9 |  |  | 96.4 |  |  | 45.9 |  |  | — |  |  | 147.2 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | — |  |  | — |  |  | — |
Royalty income, net of royalty expense | — |  |  | — |  |  | — |  |  | — |  |  | — |
Operating (loss) income | (7.4 | ) |  | 150.5 |  |  | 105.2 |  |  | — |  |  | 248.3 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | — |  |  | 18.3 |  |  | 0.5 |  |  | — |  |  | 18.8 |
Intercompany interest expense (income), net | 31.5 |  |  | (31.5 | ) |  | — |  |  | — |  |  | — |
Interest expense (income), net | 31.5 |  |  | (13.2 | ) |  | 0.5 |  |  | — |  |  | 18.8 |
Other expense, net | — |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
Total other expense (income) | 31.5 |  |  | (13.2 | ) |  | 0.8 |  |  | — |  |  | 19.1 |
Income from equity investees | 134.8 |  |  | 81.0 |  |  | — |  |  | (215.8 | ) |  | — |
Income before income taxes | 95.9 |  |  | 244.7 |  |  | 104.4 |  |  | (215.8 | ) |  | 229.2 |
Income tax benefit (provision) | 10.9 |  |  | (109.9 | ) |  | (23.4 | ) |  | — |  |  | (122.4 | )
Net income | 106.8 |  |  | 134.8 |  |  | 81.0 |  |  | (215.8 | ) |  | 106.8 |
Less: net income attributable to non-controlling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income attributable to Tempur Sealy International, Inc. | $ | 106.8 |  |  | $ | 134.8 |  |  | $ | 81.0 |  |  | $ | (215.8 | ) |  | $ | 106.8 |
Comprehensive income | $ | 113.9 |  |  | $ | 136.9 |  |  | $ | 86.0 |  |  | $ | (222.9 | ) |  | $ | 113.9 |
Schedule of Supplemental Condensed Consolidating Balance Sheets | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 2014 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.4 |  |  | $ | 25.5 |  |  | $ | 36.6 |  |  | $ | — |  |  | $ | 62.5 |
Accounts receivable, net | — |  |  | 241.2 |  |  | 144.6 |  |  | — |  |  | 385.8 |
Inventories | — |  |  | 158.3 |  |  | 58.9 |  |  | — |  |  | 217.2 |
Income taxes payable | 144.1 |  |  | — |  |  | — |  |  | (144.1 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 28.2 |  |  | 28.3 |  |  | — |  |  | 56.5 |
Deferred income taxes | 12.4 |  |  | 26.8 |  |  | 5.2 |  |  | — |  |  | 44.4 |
Total Current Assets | 156.9 |  |  | 480.0 |  |  | 273.6 |  |  | (144.1 | ) |  | 766.4 |
Property, plant and equipment, net | — |  |  | 287.3 |  |  | 68.3 |  |  | — |  |  | 355.6 |
Goodwill | — |  |  | 557.2 |  |  | 179.3 |  |  | — |  |  | 736.5 |
Other intangible assets, net | — |  |  | 611.9 |  |  | 115.2 |  |  | — |  |  | 727.1 |
Deferred tax asset | — |  |  | — |  |  | 8.6 |  |  | — |  |  | 8.6 |
Other non-current assets | 6.3 |  |  | 46.4 |  |  | 15.7 |  |  | — |  |  | 68.4 |
Net investment in subsidiaries | 1,808.4 |  |  | — |  |  | — |  |  | (1,808.4 | ) |  | — |
Due from affiliates | 51.4 |  |  | 2,226.0 |  |  | 5.3 |  |  | (2,282.7 | ) |  | — |
Total Assets | $ | 2,023.0 |  |  | $ | 4,208.8 |  |  | $ | 666.0 |  |  | $ | (4,235.2 | ) |  | $ | 2,662.6 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 170.4 |  |  | $ | 56.0 |  |  | $ | — |  |  | $ | 226.4 |
Accrued expenses and other current liabilities | 1.4 |  |  | 166.1 |  |  | 65.8 |  |  | — |  |  | 233.3 |
Deferred income taxes | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Income taxes payable | — |  |  | 163.0 |  |  | (6.9 | ) |  | (144.1 | ) |  | 12.0 |
Current portion of long-term debt | — |  |  | 61.8 |  |  | 4.6 |  |  | — |  |  | 66.4 |
Total Current Liabilities | 1.4 |  |  | 561.3 |  |  | 119.7 |  |  | (144.1 | ) |  | 538.3 |
Long-term debt | 375.0 |  |  | 1,160.9 |  |  | — |  |  | — |  |  | 1,535.9 |
Deferred income taxes | — |  |  | 229.1 |  |  | 29.7 |  |  | — |  |  | 258.8 |
Other non-current liabilities | — |  |  | 109.3 |  |  | 5.0 |  |  | — |  |  | 114.3 |
Due to affiliates | 1,431.3 |  |  | 340.2 |  |  | 849.4 |  |  | (2,620.9 | ) |  | — |
Total Liabilities | 1,807.7 |  |  | 2,400.8 |  |  | 1,003.8 |  |  | (2,765.0 | ) |  | 2,447.3 |
Redeemable non-controlling interest | 12.6 |  |  | 12.6 |  |  | — |  |  | (12.6 | ) |  | 12.6 |
Total Stockholders’ Equity | 202.7 |  |  | 1,795.4 |  |  | (337.8 | ) |  | (1,457.6 | ) |  | 202.7 |
Total Liabilities and Stockholders’ Equity | $ | 2,023.0 |  |  | $ | 4,208.8 |  |  | $ | 666.0 |  |  | $ | (4,235.2 | ) |  | $ | 2,662.6 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 2013 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 30.9 |  |  | $ | 50.1 |  |  | $ | — |  |  | $ | 81.0 |
Accounts receivable, net | — |  |  | 192.6 |  |  | 156.6 |  |  | — |  |  | 349.2 |
Inventories | — |  |  | 147.5 |  |  | 51.7 |  |  | — |  |  | 199.2 |
Income tax receivable | 118.4 |  |  | — |  |  | — |  |  | (118.4 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 26.3 |  |  | 27.4 |  |  | — |  |  | 53.7 |
Deferred income taxes | 10.0 |  |  | 29.3 |  |  | 5.1 |  |  | — |  |  | 44.4 |
Total Current Assets | 128.4 |  |  | 426.6 |  |  | 290.9 |  |  | (118.4 | ) |  | 727.5 |
Property, plant and equipment, net | — |  |  | 335.9 |  |  | 75.7 |  |  | — |  |  | 411.6 |
Goodwill | — |  |  | 577.2 |  |  | 182.4 |  |  | — |  |  | 759.6 |
Other intangible assets, net | — |  |  | 624.6 |  |  | 125.5 |  |  | — |  |  | 750.1 |
Deferred tax asset | — |  |  | — |  |  | 10.9 |  |  | — |  |  | 10.9 |
Other non-current assets | 7.6 |  |  | 47.0 |  |  | 15.6 |  |  | — |  |  | 70.2 |
Net investment in subsidiaries | 756.0 |  |  | — |  |  | — |  |  | (756.0 | ) |  | — |
Due from affiliates | 1,299.9 |  |  | 2,306.5 |  |  | 0.9 |  |  | (3,607.3 | ) |  | — |
Total Assets | $ | 2,191.9 |  |  | $ | 4,317.8 |  |  | $ | 701.9 |  |  | $ | (4,481.7 | ) |  | $ | 2,729.9 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 140.5 |  |  | $ | 50.7 |  |  | $ | — |  |  | $ | 191.2 |
Accrued expenses and other current liabilities | 1.4 |  |  | 144.2 |  |  | 62.8 |  |  | — |  |  | 208.4 |
Deferred income taxes | — |  |  | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
Income taxes payable | — |  |  | 115.2 |  |  | 4.7 |  |  | (118.4 | ) |  | 1.5 |
Current portion of long-term debt | — |  |  | 36.6 |  |  | 3.0 |  |  |  |  | 39.6 |
Total Current Liabilities | 1.4 |  |  | 436.5 |  |  | 122.0 |  |  | (118.4 | ) |  | 441.5 |
Long-term debt | 375.0 |  |  | 1,421.9 |  |  | — |  |  | — |  |  | 1,796.9 |
Deferred income taxes | — |  |  | 252.8 |  |  | 33.3 |  |  | — |  |  | 286.1 |
Other non-current liabilities | — |  |  | 69.1 |  |  | 6.2 |  |  | — |  |  | 75.3 |
Due to affiliates | 1,685.4 |  |  | 1,381.5 |  |  | 940.5 |  |  | (4,007.4 | ) |  | — |
Total Liabilities | 2,061.8 |  |  | 3,561.8 |  |  | 1,102.0 |  |  | (4,125.8 | ) |  | 2,599.8 |
Redeemable non-controlling interest | 11.5 |  |  | 11.5 |  |  | — |  |  | (11.5 | ) |  | 11.5 |
Total Stockholders’ Equity | 118.6 |  |  | 744.5 |  |  | (400.1 | ) |  | (344.4 | ) |  | 118.6 |
Total Liabilities and Stockholders’ Equity | $ | 2,191.9 |  |  | $ | 4,317.8 |  |  | $ | 701.9 |  |  | $ | (4,481.7 | ) |  | $ | 2,729.9 |
Schedule of Supplemental Condensed Consolidating Statements of Cash Flows | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2014 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | $ | (62.7 | ) |  | $ | 191.5 |  |  | $ | 96.4 |  |  | $ | — |  |  | $ | 225.2 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Acquisition of business, net of cash acquired | $ | — |  |  | $ | — |  |  | $ | (8.5 | ) |  | $ | — |  |  | $ | (8.5 | )
Proceeds from disposition of business | — |  |  | 43.5 |  |  | — |  |  | — |  |  | 43.5 |
Purchases of property, plant and equipment | — |  |  | (31.3 | ) |  | (16.2 | ) |  |  |  | (47.5 | )
Other | — |  |  | 3.0 |  |  | (0.9 | ) |  | — |  |  | 2.1 |
Net cash used in investing activities | — |  |  | 15.2 |  |  | (25.6 | ) |  | — |  |  | (10.4 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from 2012 Credit Agreement | — |  |  | 271.5 |  |  | — |  |  | — |  |  | 271.5 |
Repayments 2012 Credit Agreement | — |  |  | (510.9 | ) |  | — |  |  | — |  |  | (510.9 | )
Net activity in investment in and advances (to) from subsidiaries and affiliates | 59.3 |  |  | 32.1 |  |  | (91.4 | ) |  | — |  |  | — |
Payment of deferred financing costs | — |  |  | (3.1 | ) |  | — |  |  | — |  |  | (3.1 | )
Proceeds from exercise of stock options | 4.3 |  |  | — |  |  | — |  |  | — |  |  | 4.3 |
Excess tax benefit from stock based compensation | 1.7 |  |  | — |  |  | — |  |  | — |  |  | 1.7 |
Treasury stock repurchased | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Other | — |  |  | (1.7 | ) |  | 2.3 |  |  | — |  |  | 0.6 |
Net cash provided by (used in) financing activities | 63.1 |  |  | (212.1 | ) |  | (89.1 | ) |  | — |  |  | (238.1 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 4.8 |  |  | — |  |  | 4.8 |
Increase (decrease) in cash and cash equivalents | 0.4 |  |  | (5.4 | ) |  | (13.5 | ) |  | — |  |  | (18.5 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | — |  |  | 30.9 |  |  | 50.1 |  |  | — |  |  | 81.0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 0.4 |  |  | $ | 25.5 |  |  | $ | 36.6 |  |  | $ | — |  |  | $ | 62.5 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2013 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | $ | (66.1 | ) |  | $ | 80.9 |  |  | $ | 83.7 |  |  | $ | — |  |  | $ | 98.5 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Acquisition of business, net of cash acquired | — |  |  | (1,035.3 | ) |  | (137.6 | ) |  | — |  |  | (1,172.9 | )
Purchase of property, plant and equipment | — |  |  | (28.3 | ) |  | (11.7 | ) |  | — |  |  | (40.0 | )
Other | — |  |  | (54.7 | ) |  | 54.6 |  |  | — |  |  | (0.1 | )
Net cash used in investing activities | — |  |  | (1,118.3 | ) |  | (94.7 | ) |  | — |  |  | (1,213.0 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from 2012 Credit Agreement | $ | — |  |  | $ | 2,992.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,992.6 |
Repayments of the 2012 Credit Agreement | — |  |  | (1,658.3 | ) |  | — |  |  | — |  |  | (1,658.3 | )
Proceeds from issuance of Senior Notes | 375.0 |  |  | — |  |  | — |  |  | — |  |  | 375.0 |
Proceeds from the 2011 Credit Facility | — |  |  | 46.5 |  |  | — |  |  | — |  |  | 46.5 |
Repayments of the 2011 Credit Facility | — |  |  | (696.5 | ) |  | — |  |  | — |  |  | (696.5 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | (772.8 | ) |  | 874.9 |  |  | (102.1 | ) |  | — |  |  | — |
Payment of deferred financing costs | (8.4 | ) |  | (43.6 | ) |  | — |  |  | — |  |  | (52.0 | )
Proceeds from exercise of stock options | 8.7 |  |  | — |  |  | — |  |  | — |  |  | 8.7 |
Excess tax benefit from stock based compensation | 5.4 |  |  | — |  |  | — |  |  | — |  |  | 5.4 |
Treasury stock repurchased | 458.2 |  |  | (465.2 | ) |  | — |  |  | — |  |  | (7.0 | )
Other | — |  |  | (1.3 | ) |  | 0.3 |  |  | — |  |  | (1.0 | )
Net cash provided by (used in) financing activities | 66.1 |  |  | 1,049.1 |  |  | (101.8 | ) |  | — |  |  | 1,013.4 |
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 2.8 |  |  | — |  |  | 2.8 |
Increase in cash and cash equivalents | — |  |  | 11.7 |  |  | (110.0 | ) |  | — |  |  | (98.3 | )
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD | — |  |  | 19.2 |  |  | 160.1 |  |  | — |  |  | 179.3 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 30.9 |  |  | $ | 50.1 |  |  | $ | — |  |  | $ | 81.0 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2012 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | $ | (43.6 | ) |  | $ | 140.5 |  |  | $ | 93.0 |  |  | $ | — |  |  | $ | 189.9 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Acquisition of business, net of cash acquired | — |  |  | — |  |  | (4.5 | ) |  | — |  |  | (4.5 | )
Purchase of property, plant and equipment | — |  |  | (36.7 | ) |  | (13.8 | ) |  | — |  |  | (50.5 | )
Other | — |  |  | (0.1 | ) |  | 0.1 |  |  | — |  |  | — |
Net cash used in investing activities | — |  |  | (36.8 | ) |  | (18.2 | ) |  | — |  |  | (55.0 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from 2012 Credit Agreement | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Repayments of the 2012 Credit Agreement | — |  |  | — |  |  | — |  |  | — |  |  | — |
Proceeds from the 2011 Credit Facility | — |  |  | 352.0 |  |  | — |  |  | — |  |  | 352.0 |
Repayments of the 2011 Credit Facility | — |  |  | (287.0 | ) |  | — |  |  | — |  |  | (287.0 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 187.0 |  |  | (170.8 | ) |  | (16.2 | ) |  | — |  |  | — |
Payment of deferred financing costs | (2.2 | ) |  | — |  |  | (0.1 | ) |  | — |  |  | (2.3 | )
Proceeds from exercise of stock options | 11.4 |  |  | — |  |  | — |  |  | — |  |  | 11.4 |
Excess tax benefit from stock based compensation | — |  |  | 10.5 |  |  | — |  |  | — |  |  | 10.5 |
Treasury stock repurchased | (152.6 | ) |  | — |  |  | — |  |  | — |  |  | (152.6 | )
Other | — |  |  | — |  |  | (2.8 | ) |  | — |  |  | (2.8 | )
Net cash provided by (used in) financing activities | 43.6 |  |  | (95.3 | ) |  | (19.1 | ) |  | — |  |  | (70.8 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 3.8 |  |  | — |  |  | 3.8 |
(Decrease) increase in cash and cash equivalents | — |  |  | 8.4 |  |  | 59.5 |  |  | — |  |  | 67.9 |
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD | — |  |  | 10.8 |  |  | 100.6 |  |  | — |  |  | 111.4 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 19.2 |  |  | $ | 160.1 |  |  | $ | — |  |  | $ | 179.3 |

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