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Guarantor/Non-Guarantor Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of supplemental condensed consolidated statements of operations and comprehensive income | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Condensed Consolidated Statements of Operations and Comprehensive Income Three Months Ended March 31, 2015 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 558.9 |  |  | $ | 192.9 |  |  | $ | (12.3 | ) |  | $ | 739.5 |
Cost of sales | — |  |  | 367.6 |  |  | 105.5 |  |  | (12.3 | ) |  | 460.8 |
Gross profit | — |  |  | 191.3 |  |  | 87.4 |  |  | — |  |  | 278.7 |
Selling and marketing expenses | 0.8 |  |  | 105.5 |  |  | 47.5 |  |  | — |  |  | 153.8 |
General, administrative and other expenses | 3.6 |  |  | 57.6 |  |  | 16.5 |  |  | — |  |  | 77.7 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.0 | ) |  | — |  |  | (3.0 | )
Royalty income, net of royalty expense | — |  |  | (4.2 | ) |  | — |  |  | — |  |  | (4.2 | )
Operating (loss) income | (4.4 | ) |  | 32.4 |  |  | 26.4 |  |  | — |  |  | 54.4 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 6.7 |  |  | 13.1 |  |  | 0.6 |  |  | — |  |  | 20.4 |
Intercompany interest expense (income), net | 8.2 |  |  | (8.9 | ) |  | 0.7 |  |  | — |  |  | — |
Interest expense, net | 14.9 |  |  | 4.2 |  |  | 1.3 |  |  | — |  |  | 20.4 |
Other (income), net | — |  |  | (0.1 | ) |  | (1.2 | ) |  | — |  |  | (1.3 | )
Total other expense | 14.9 |  |  | 4.1 |  |  | 0.1 |  |  | — |  |  | 19.1 |
Income from equity investees | 37.5 |  |  | 20.9 |  |  | — |  |  | (58.4 | ) |  | — |
Income before income taxes | 18.2 |  |  | 49.2 |  |  | 26.3 |  |  | (58.4 | ) |  | 35.3 |
Income tax benefit (provision) | 6.8 |  |  | (11.7 | ) |  | (5.4 | ) |  | — |  |  | (10.3 | )
Net income before non-controlling interest | 25.0 |  |  | 37.5 |  |  | 20.9 |  |  | (58.4 | ) |  | 25.0 |
Less: net income attributable to non-controlling interest | 1.6 |  |  | 1.6 |  |  | — |  |  | (1.6 | ) |  | 1.6 |
Net income attributable to Tempur Sealy International, Inc. | $ | 23.4 |  |  | $ | 35.9 |  |  | $ | 20.9 |  |  | $ | (56.8 | ) |  | $ | 23.4 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | (12.8 | ) |  | $ | 36.1 |  |  | $ | (18.3 | ) |  | $ | (17.8 | ) |  | $ | (12.8 | )
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Condensed Consolidated Statements of Operations and Comprehensive Income Three Months Ended March 31, 2014 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 508.3 |  |  | $ | 197.9 |  |  | $ | (4.3 | ) |  | $ | 701.9 |
Cost of sales | — |  |  | 340.0 |  |  | 96.7 |  |  | (4.3 | ) |  | 432.4 |
Gross profit | — |  |  | 168.3 |  |  | 101.2 |  |  | — |  |  | 269.5 |
Selling and marketing expenses | 0.5 |  |  | 95.5 |  |  | 47.0 |  |  | — |  |  | 143.0 |
General, administrative and other expenses | 4.2 |  |  | 48.8 |  |  | 17.3 |  |  | — |  |  | 70.3 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (1.7 | ) |  | — |  |  | (1.7 | )
Royalty income, net of royalty expense | — |  |  | (4.5 | ) |  | — |  |  | — |  |  | (4.5 | )
Operating (loss) income | (4.7 | ) |  | 28.5 |  |  | 38.6 |  |  | — |  |  | 62.4 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 6.8 |  |  | 15.1 |  |  | 0.3 |  |  | — |  |  | 22.2 |
Intercompany interest expense, net | 8.0 |  |  | (8.6 | ) |  | 0.6 |  |  | — |  |  | — |
Interest expense, net | 14.8 |  |  | 6.5 |  |  | 0.9 |  |  | — |  |  | 22.2 |
Other expense, net | — |  |  | (0.2 | ) |  | 1.2 |  |  | — |  |  | 1.0 |
Total other expense | 14.8 |  |  | 6.3 |  |  | 2.1 |  |  | — |  |  | 23.2 |
Income from equity investees | 40.6 |  |  | 28.2 |  |  | — |  |  | (68.8 | ) |  | — |
Income before income taxes | 21.1 |  |  | 50.4 |  |  | 36.5 |  |  | (68.8 | ) |  | 39.2 |
Income tax benefit (provision) | 6.6 |  |  | (9.8 | ) |  | (8.3 | ) |  | — |  |  | (11.5 | )
Net income before non-controlling interest | 27.7 |  |  | 40.6 |  |  | 28.2 |  |  | (68.8 | ) |  | 27.7 |
Less: net income attributable to non-controlling interest | 0.3 |  |  | 0.3 |  |  | — |  |  | (0.3 | ) |  | 0.3 |
Net income attributable to Tempur Sealy International, Inc. | $ | 27.4 |  |  | $ | 40.3 |  |  | $ | 28.2 |  |  | $ | (68.5 | ) |  | $ | 27.4 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 29.2 |  |  | $ | 40.6 |  |  | $ | 29.8 |  |  | $ | (70.4 | ) |  | $ | 29.2 |
Schedule of supplemental condensed consolidated balance sheets | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Condensed Consolidated Balance Sheets March 31, 2015 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 15.7 |  |  | $ | 29.3 |  |  | $ | — |  |  | $ | 45.0 |
Accounts receivable, net | — |  |  | 244.9 |  |  | 145.2 |  |  | — |  |  | 390.1 |
Inventories, net | — |  |  | 169.3 |  |  | 57.6 |  |  | — |  |  | 226.9 |
Income taxes receivable | 154.6 |  |  | — |  |  | — |  |  | (154.6 | ) |  | — |
Prepaid expenses and other current assets | 0.9 |  |  | 26.0 |  |  | 29.0 |  |  | — |  |  | 55.9 |
Deferred income taxes | 12.7 |  |  | 36.0 |  |  | 5.1 |  |  | — |  |  | 53.8 |
Total Current Assets | 168.2 |  |  | 491.9 |  |  | 266.2 |  |  | (154.6 | ) |  | 771.7 |
Property, plant and equipment, net | — |  |  | 292.2 |  |  | 60.9 |  |  | — |  |  | 353.1 |
Goodwill | — |  |  | 501.3 |  |  | 217.0 |  |  | — |  |  | 718.3 |
Other intangible assets, net | — |  |  | 622.3 |  |  | 93.3 |  |  | — |  |  | 715.6 |
Deferred tax asset | — |  |  | — |  |  | 8.7 |  |  | — |  |  | 8.7 |
Other non-current assets | 6.2 |  |  | 47.9 |  |  | 33.6 |  |  | — |  |  | 87.7 |
Net investment in subsidiaries | 1,910.4 |  |  | — |  |  | — |  |  | (1,910.4 | ) |  | — |
Due from affiliates | 48.3 |  |  | 2,203.7 |  |  | 5.7 |  |  | (2,257.7 | ) |  | — |
Total Assets | $ | 2,133.1 |  |  | $ | 4,159.3 |  |  | $ | 685.4 |  |  | $ | (4,322.7 | ) |  | $ | 2,655.1 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 185.5 |  |  | $ | 51.1 |  |  | $ | — |  |  | $ | 236.6 |
Accrued expenses and other current liabilities | 7.8 |  |  | 153.5 |  |  | 58.7 |  |  | — |  |  | 220.0 |
Deferred income taxes | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Income taxes payable | — |  |  | 159.3 |  |  | 4.5 |  |  | (154.6 | ) |  | 9.2 |
Current portion of long-term debt | — |  |  | 60.7 |  |  | 9.4 |  |  | — |  |  | 70.1 |
Total Current Liabilities | 7.8 |  |  | 559.0 |  |  | 123.9 |  |  | (154.6 | ) |  | 536.1 |
Long-term debt | 375.0 |  |  | 1,157.4 |  |  | 0.1 |  |  | — |  |  | 1,532.5 |
Deferred income taxes | — |  |  | 232.6 |  |  | 27.3 |  |  | — |  |  | 259.9 |
Other non-current liabilities | — |  |  | 110.7 |  |  | 6.6 |  |  | — |  |  | 117.3 |
Due to affiliates | 1,541.0 |  |  | 189.2 |  |  | 715.0 |  |  | (2,445.2 | ) |  | — |
Total Liabilities | 1,923.8 |  |  | 2,248.9 |  |  | 872.9 |  |  | (2,599.8 | ) |  | 2,445.8 |
Redeemable non-controlling interest | 14.8 |  |  | 14.8 |  |  | — |  |  | (14.8 | ) |  | 14.8 |
Total Stockholders’ Equity | 194.5 |  |  | 1,895.6 |  |  | (187.5 | ) |  | (1,708.1 | ) |  | 194.5 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,133.1 |  |  | $ | 4,159.3 |  |  | $ | 685.4 |  |  | $ | (4,322.7 | ) |  | $ | 2,655.1 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Condensed 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, net | — |  |  | 158.3 |  |  | 58.9 |  |  | — |  |  | 217.2 |
Income taxes receivable | 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, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,023.0 |  |  | $ | 4,208.8 |  |  | $ | 666.0 |  |  | $ | (4,235.2 | ) |  | $ | 2,662.6 |
Schedule of supplemental condensed consolidated statements of cash flows | Supplemental Condensed Consolidated Statements of Cash Flows Three Months Ended March 31, 2015 (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 | $ | (13.5 | ) |  | $ | 10.4 |  |  | $ | (3.3 | ) |  | $ | — |  |  | $ | (6.4 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (13.1 | ) |  | (2.3 | ) |  | — |  |  | (15.4 | )
Net cash provided by (used in) investing activities | — |  |  | (13.1 | ) |  | (2.3 | ) |  | — |  |  | (15.4 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under under long-term debt obligations | — |  |  | 93.5 |  |  | 4.4 |  |  | — |  |  | 97.9 |
Repayments of borrowings under long-term debt obligations | — |  |  | (98.8 | ) |  | — |  |  | — |  |  | (98.8 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 12.6 |  |  | (1.4 | ) |  | (11.2 | ) |  |  |  | — |
Proceeds from exercise of stock options | 1.6 |  |  | — |  |  | — |  |  | — |  |  | 1.6 |
Treasury stock repurchased | (1.1 | ) |  | — |  |  | — |  |  | — |  |  | (1.1 | )
Other | — |  |  | (0.4 | ) |  | 0.6 |  |  | — |  |  | 0.2 |
Net cash provided by (used in) financing activities | 13.1 |  |  | (7.1 | ) |  | (6.2 | ) |  | — |  |  | (0.2 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 4.5 |  |  | — |  |  | 4.5 |
Decrease in cash and cash equivalents | (0.4 | ) |  | (9.8 | ) |  | (7.3 | ) |  | — |  |  | (17.5 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0.4 |  |  | 25.5 |  |  | 36.6 |  |  | — |  |  | 62.5 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 15.7 |  |  | $ | 29.3 |  |  | $ | — |  |  | $ | 45.0 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Condensed Consolidated Statements of Cash Flows Three Months Ended March 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 | $ | (10.5 | ) |  | $ | (14.8 | ) |  | $ | 23.7 |  |  | $ | — |  |  | $ | (1.6 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (5.5 | ) |  | (2.3 | ) |  | — |  |  | (7.8 | )
Other | — |  |  | 0.9 |  |  | (1.7 | ) |  | — |  |  | (0.8 | )
Net cash (used in) investing activities | — |  |  | (4.6 | ) |  | (4.0 | ) |  | — |  |  | (8.6 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 74.5 |  |  | — |  |  | — |  |  | 74.5 |
Repayments of borrowings under long-term debt obligations | — |  |  | (66.5 | ) |  | — |  |  | — |  |  | (66.5 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 10.1 |  |  | 13.9 |  |  | (24.0 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 1.7 |  |  | — |  |  | — |  |  | — |  |  | 1.7 |
Excess tax benefit from stock-based compensation | 0.9 |  |  | — |  |  | — |  |  | — |  |  | 0.9 |
Treasury stock repurchased | (2.2 | ) |  |  |  |  | — |  |  | — |  |  | (2.2 | )
Other | — |  |  | (0.4 | ) |  | 0.5 |  |  | — |  |  | 0.1 |
Net cash provided by (used in) financing activities | 10.5 |  |  | 21.5 |  |  | (23.5 | ) |  | — |  |  | 8.5 |
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Increase (decrease) in cash and cash equivalents | — |  |  | 2.1 |  |  | (3.4 | ) |  | — |  |  | (1.3 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | — |  |  | 30.9 |  |  | 50.1 |  |  | — |  |  | 81.0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 33.0 |  |  | $ | 46.7 |  |  | $ | — |  |  | $ | 79.7 |

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