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Guarantor/Non-Guarantor Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2015
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, 2015 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,422.9 |  |  | $ | 778.9 |  |  | $ | (50.6 | ) |  | $ | 3,151.2 |
Cost of sales | — |  |  | 1,532.6 |  |  | 420.3 |  |  | (50.6 | ) |  | 1,902.3 |
Gross profit | — |  |  | 890.3 |  |  | 358.6 |  |  | — |  |  | 1,248.9 |
Selling and marketing expenses | 4.1 |  |  | 460.1 |  |  | 183.8 |  |  | — |  |  | 648.0 |
General, administrative and other expenses | 20.8 |  |  | 232.6 |  |  | 68.6 |  |  | — |  |  | 322.0 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (11.9 | ) |  | — |  |  | (11.9 | )
Royalty income, net of royalty expense | — |  |  | (18.3 | ) |  | — |  |  | — |  |  | (18.3 | )
Operating (loss) income | (24.9 | ) |  | 215.9 |  |  | 118.1 |  |  | — |  |  | 309.1 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 27.2 |  |  | 66.2 |  |  | 2.7 |  |  | — |  |  | 96.1 |
Intercompany interest expense (income), net | 32.9 |  |  | (35.5 | ) |  | 2.6 |  |  | — |  |  | — |
Interest expense, net | 60.1 |  |  | 30.7 |  |  | 5.3 |  |  | — |  |  | 96.1 |
Other (income) expense, net | — |  |  | (8.1 | ) |  | 21.0 |  |  | — |  |  | 12.9 |
Total other expense | 60.1 |  |  | 22.6 |  |  | 26.3 |  |  | — |  |  | 109.0 |
Income from equity investees | 132.9 |  |  | 64.7 |  |  | — |  |  | (197.6 | ) |  | — |
Income before income taxes | 47.9 |  |  | 258.0 |  |  | 91.8 |  |  | (197.6 | ) |  | 200.1 |
Income tax benefit (provision) | 26.8 |  |  | (125.1 | ) |  | (27.1 | ) |  | — |  |  | (125.4 | )
Net income | 74.7 |  |  | 132.9 |  |  | 64.7 |  |  | (197.6 | ) |  | 74.7 |
Less: net income attributable to non-controlling interest | 1.2 |  |  | 1.2 |  |  | — |  |  | (1.2 | ) |  | 1.2 |
Net income attributable to Tempur Sealy International, Inc. | $ | 73.5 |  |  | $ | 131.7 |  |  | $ | 64.7 |  |  | $ | (196.4 | ) |  | $ | 73.5 |
Comprehensive income | $ | 19.1 |  |  | $ | 130.9 |  |  | $ | (3.3 | ) |  | $ | (127.6 | ) |  | $ | 19.1 |
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 disposal, 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 expense, net | — |  |  | (0.9 | ) |  | 5.9 |  |  | — |  |  | 5.0 |
Total other expense (income) | 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 |
Schedule of Supplemental Condensed Consolidating Balance Sheets | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 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 | $ | — |  |  | $ | 121.8 |  |  | $ | 32.1 |  |  | $ | — |  |  | $ | 153.9 |
Accounts receivable, net | — |  |  | 231.9 |  |  | 147.5 |  |  | — |  |  | 379.4 |
Inventories | — |  |  | 145.3 |  |  | 53.9 |  |  | — |  |  | 199.2 |
Income tax receivable | 193.1 |  |  | — |  |  | — |  |  | (193.1 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 43.5 |  |  | 33.1 |  |  | — |  |  | 76.6 |
Total Current Assets | 193.1 |  |  | 542.5 |  |  | 266.6 |  |  | (193.1 | ) |  | 809.1 |
Property, plant and equipment, net | — |  |  | 300.1 |  |  | 61.6 |  |  | — |  |  | 361.7 |
Goodwill | — |  |  | 501.4 |  |  | 208.0 |  |  | — |  |  | 709.4 |
Other intangible assets, net | — |  |  | 612.9 |  |  | 82.5 |  |  | — |  |  | 695.4 |
Deferred tax asset | 16.0 |  |  | — |  |  | 12.2 |  |  | (16.0 | ) |  | 12.2 |
Other non-current assets | — |  |  | 23.3 |  |  | 44.4 |  |  | — |  |  | 67.7 |
Net investment in subsidiaries | 1,960.5 |  |  | — |  |  | — |  |  | (1,960.5 | ) |  | — |
Due from affiliates | 548.1 |  |  | 1,655.3 |  |  | 4.8 |  |  | (2,208.2 | ) |  | — |
Total Assets | $ | 2,717.7 |  |  | $ | 3,635.5 |  |  | $ | 680.1 |  |  | $ | (4,377.8 | ) |  | $ | 2,655.5 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 212.2 |  |  | $ | 54.1 |  |  | $ | — |  |  | $ | 266.3 |
Accrued expenses and other current liabilities | 1.4 |  |  | 183.8 |  |  | 68.8 |  |  | — |  |  | 254.0 |
Income taxes payable | — |  |  | 196.0 |  |  | 8.3 |  |  | (193.1 | ) |  | 11.2 |
Current portion of long-term debt | — |  |  | 168.7 |  |  | 12.8 |  |  | — |  |  | 181.5 |
Total Current Liabilities | 1.4 |  |  | 760.7 |  |  | 144.0 |  |  | (193.1 | ) |  | 713.0 |
Long-term debt, net | 811.9 |  |  | 461.4 |  |  | — |  |  | — |  |  | 1,273.3 |
Deferred income taxes | — |  |  | 189.8 |  |  | 21.6 |  |  | (16.0 | ) |  | 195.4 |
Other non-current liabilities | — |  |  | 166.6 |  |  | 4.6 |  |  | — |  |  | 171.2 |
Due to affiliates | 1,601.8 |  |  | 96.5 |  |  | 604.9 |  |  | (2,303.2 | ) |  | — |
Total Liabilities | 2,415.1 |  |  | 1,675.0 |  |  | 775.1 |  |  | (2,512.3 | ) |  | 2,352.9 |
Redeemable non-controlling interest | 12.4 |  |  | 12.4 |  |  | — |  |  | (12.4 | ) |  | 12.4 |
Total Stockholders’ Equity | 290.2 |  |  | 1,948.1 |  |  | (95.0 | ) |  | (1,853.1 | ) |  | 290.2 |
Total Liabilities and Stockholders’ Equity | $ | 2,717.7 |  |  | $ | 3,635.5 |  |  | $ | 680.1 |  |  | $ | (4,377.8 | ) |  | $ | 2,655.5 |
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 tax receivable | 144.1 |  |  | — |  |  | — |  |  | (144.1 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 28.2 |  |  | 28.3 |  |  | — |  |  | 56.5 |
Total Current Assets | 144.5 |  |  | 453.2 |  |  | 268.4 |  |  | (144.1 | ) |  | 722.0 |
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 | 12.4 |  |  | — |  |  | 10.7 |  |  | (12.4 | ) |  | 10.7 |
Other non-current assets | — |  |  | 15.1 |  |  | 15.7 |  |  | — |  |  | 30.8 |
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 | $ | 2,016.7 |  |  | $ | 4,150.7 |  |  | $ | 662.9 |  |  | $ | (4,247.6 | ) |  | $ | 2,582.7 |
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 |
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 |  |  | 119.5 |  |  | (144.1 | ) |  | 538.1 |
Long-term debt, net | 368.7 |  |  | 1,129.6 |  |  | — |  |  | — |  |  | 1,498.3 |
Deferred income taxes | — |  |  | 202.3 |  |  | 26.8 |  |  | (12.4 | ) |  | 216.7 |
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 | 1,801.4 |  |  | 2,342.7 |  |  | 1,000.7 |  |  | (2,777.4 | ) |  | 2,367.4 |
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 | $ | 2,016.7 |  |  | $ | 4,150.7 |  |  | $ | 662.9 |  |  | $ | (4,247.6 | ) |  | $ | 2,582.7 |
Schedule of Supplemental Condensed Consolidating Statements of Cash Flows | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 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 | $ | (87.0 | ) |  | $ | 274.7 |  |  | $ | 46.5 |  |  | $ | — |  |  | $ | 234.2 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from disposition of business | — |  |  | 7.2 |  |  | — |  |  | — |  |  | 7.2 |
Purchases of property, plant and equipment | — |  |  | (49.9 | ) |  | (16.0 | ) |  |  |  | (65.9 | )
Other | — |  |  | (0.7 | ) |  | (0.3 | ) |  | — |  |  | (1.0 | )
Net cash used in investing activities | — |  |  | (43.4 | ) |  | (16.3 | ) |  | — |  |  | (59.7 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from 2012 Credit Agreement | — |  |  | 402.9 |  |  | 10.6 |  |  | — |  |  | 413.5 |
Repayments 2012 Credit Agreement | — |  |  | (988.3 | ) |  | — |  |  | — |  |  | (988.3 | )
Proceeds from issuance of 2023 Senior Notes | 450.0 |  |  | — |  |  | — |  |  | — |  |  | 450.0 |
Net activity in investment in and advances (to) from subsidiaries and affiliates | (401.3 | ) |  | 453.4 |  |  | (52.1 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 20.4 |  |  | — |  |  | — |  |  | — |  |  | 20.4 |
Excess tax benefit from stock based compensation | 21.8 |  |  | — |  |  | — |  |  | — |  |  | 21.8 |
Proceeds from issuance of treasury stock by CEO | 5.0 |  |  | — |  |  | — |  |  | — |  |  | 5.0 |
Treasury stock repurchased | (1.3 | ) |  | — |  |  | — |  |  | — |  |  | (1.3 | )
Payment of deferred financing costs | (8.0 | ) |  | — |  |  | — |  |  | — |  |  | (8.0 | )
Other | — |  |  | (3.0 | ) |  | (0.8 | ) |  | — |  |  | (3.8 | )
Net cash provided by (used in) financing activities | 86.6 |  |  | (135.0 | ) |  | (42.3 | ) |  | — |  |  | (90.7 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 7.6 |  |  | — |  |  | 7.6 |
Increase (decrease) in cash and cash equivalents | (0.4 | ) |  | 96.3 |  |  | (4.5 | ) |  | — |  |  | 91.4 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0.4 |  |  | 25.5 |  |  | 36.6 |  |  | — |  |  | 62.5 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 121.8 |  |  | $ | 32.1 |  |  | $ | — |  |  | $ | 153.9 |
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 |
Purchase of property, plant and equipment | — |  |  | (31.3 | ) |  | (16.2 | ) |  | — |  |  | (47.5 | )
Other | — |  |  | 3.0 |  |  | (0.9 | ) |  | — |  |  | 2.1 |
Net cash provided by (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 of the 2012 Credit Agreement | — |  |  | (510.9 | ) |  | — |  |  | — |  |  | (510.9 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 59.3 |  |  | 32.1 |  |  | (91.4 | ) |  | — |  |  | — |
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 | )
Payment of deferred financing costs | — |  |  | (3.1 | ) |  | — |  |  | — |  |  | (3.1 | )
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, BEGININNG 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 2020 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 (to) from subsidiaries and affiliates | (772.8 | ) |  | 874.9 |  |  | (102.1 | ) |  | — |  |  | — |
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 | )
Payment of deferred financing costs | (8.4 | ) |  | (43.6 | ) |  | — |  |  | — |  |  | (52.0 | )
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 |

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