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Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:

	September 30,				December 31,
(in millions)	2015				2014
North America	$	2,573.2			$	2,507.4
International	484.0				474.3
Corporate	709.2				858.5
Inter-segment eliminations	(1,027.0		)		(1,177.6		)
Total assets	$	2,739.4			$	2,662.6

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

	September 30,				December 31,
(in millions)	2015				2014
North America	$	239.0			$	240.5
International	55.3				60.3
Corporate	66.2				54.8
Total property, plant and equipment, net	$	360.5			$	355.6

Segment financial information

The following table summarizes segment information for the three months ended September 30, 2015:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	690.8			$	110.2			$	—			$	—			$	801.0
Other sales	50.4				28.6				—				—				79.0
Net sales	741.2				138.8				—				—				880.0
Inter-segment sales	$	1.0			$	0.2			$	—			$	(1.2	)		$	—
Gross profit	287.7				71.9				—				—				359.6
Inter-segment royalty expense (income)	2.0				(2.0		)		—				—				—
Operating income (loss)	118.4				23.0				(30.5		)		—				110.9
Income (loss) before income taxes	114.4				1.7				(50.2		)		—				65.9
Depreciation and amortization(1)	$	11.3			$	4.0			$	7.7			$	—			$	23.0
Capital expenditures	5.6				4.4				7.1				—				17.1

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

The following table summarizes segment information for the three months ended September 30, 2014:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	645.8			$	109.5			$	—			$	—			$	755.3
Other sales	39.5				32.6				—				—				72.1
Net sales	685.3				142.1				—				—				827.4
Inter-segment sales	$	2.0			$	0.1			$	—			$	(2.1	)		$	—
Gross profit	243.9				74.6				—				—				318.5
Inter-segment royalty expense (income)	1.7				(1.7		)		—				—				—
Operating income (loss)	86.4				26.1				(25.4		)		—				87.1
Income (loss) before income taxes	83.2				25.3				(48.6		)		—				59.9
Depreciation and amortization(1)	$	10.8			$	3.8			$	7.0			$	—			$	21.6
Capital expenditures	5.1				3.9				4.4				—				13.4

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

The following table summarizes segment information for the nine months ended September 30, 2015:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	1,854.2			$	333.9			$	—			$	—			$	2,188.1
Other sales	111.4				84.4				—				—				195.8
Net sales	1,965.6				418.3				—				—				2,383.9
Inter-segment sales	$	4.5			$	0.5			$	—			$	(5.0	)		$	—
Gross profit	718.2				217.6				—				—				935.8
Inter-segment royalty expense (income)	5.3				(5.3		)		—				—				—
Operating income (loss)	240.9				72.0				(95.6		)		—				217.3
Income (loss) before income taxes	233.0				47.8				(150.3		)		—				130.5
Depreciation and amortization(1)	$	33.5			$	12.1			$	25.7			$	—			$	71.3
Capital expenditures	23.7				9.8				17.6				—				51.1

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

The following table summarizes segment information for the nine months ended September 30, 2014:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	1,710.8			$	337.9			$	—			$	—			$	2,048.7
Other sales	105.0				90.6				—				—				195.6
Net sales	1,815.8				428.5				—				—				2,244.3
Inter-segment sales	$	3.8			$	0.2			$	—			$	(4.0	)		$	—
Gross profit	624.8				231.5				—				—				856.3
Inter-segment royalty expense (income)	4.6				(4.6		)		—				—				—
Operating income (loss)	188.3				83.9				(72.4		)		—				199.8
Income (loss) before income taxes	163.1				80.5				(137.1		)		—				106.5
Depreciation and amortization(1)	$	36.7			$	12.0			$	18.4			$	—			$	67.1
Capital expenditures	12.2				9.2				8.9				—				30.3

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

Long-lived assets by geographic region

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

	September 30,				December 31,
(in millions)	2015				2014
United States	$	298.0			$	287.3
Canada	7.2				8.0
Other International	55.3				60.3
Total property, plant and equipment, net	$	360.5			$	355.6
Total International	$	62.5			$	68.3

Net sales by geographic region

The following table summarizes net sales by geographic region:

	Three Months Ended								Nine Months Ended
	September 30,								September 30,
(in millions)	2015				2014				2015				2014
United States	$	684.8			$	624.8			$	1,813.4			$	1,653.1
Canada	56.4				60.5				152.2				162.7
Other International	138.8				142.1				418.3				428.5
Total net sales	$	880.0			$	827.4			$	2,383.9			$	2,244.3
Total International	$	195.2			$	202.6			$	570.5			$	591.2

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