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Business Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
 
Effective January 1, 2015, the Company realigned its organizational structure in light of the progress made in 2013 and 2014 integrating Sealy into its business. As a result of these changes, information that the Company's chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance changed such that it is based on geography.

As a result of this realignment, the Company updated its segment reporting. Effective January 1, 2015, the Company operates in two segments: North America and International. Corporate operating expenses are not included in either of the segments and are presented separately as a reconciling item to consolidated results. These segments are strategic business units that are managed separately based on geography. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. The Company evaluates segment performance based on net sales, gross profit and operating income.

The Company’s North America and International segment assets include investments in subsidiaries that are appropriately eliminated in the Company’s accompanying Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable and payables.
  
The historical information presented for 2014 in the following tables has been restated for the change in the composition of the segments.

The following table summarizes total assets by segment:
 
December 31,
 
December 31,
(in millions)
2015
 
2014
North America
$
2,533.1

 
$
2,465.2

International
477.1

 
474.3

Corporate
775.0

 
820.9

Inter-segment eliminations
(1,129.7
)
 
(1,177.7
)
Total assets
$
2,655.5

 
$
2,582.7


     The following table summarizes property, plant and equipment, net by segment:
 
December 31,
 
December 31,
(in millions)
2015
 
2014
North America
$
239.2

 
$
240.5

International
54.8

 
60.3

Corporate
67.7

 
54.8

Total property, plant and equipment, net
$
361.7

 
$
355.6


 
The following table summarizes segment information for the twelve months ended December 31, 2015:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
2,428.9

 
$
458.3

 
$
—

 
$
—

 
$
2,887.2

Other sales
148.3

 
115.7

 
—

 
—

 
264.0

Net sales
2,577.2

 
574.0

 
—

 
—

 
3,151.2

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
5.9

 
$
0.7

 
$
—

 
$
(6.6
)
 
$
—

Gross profit
954.6

 
294.3

 
—

 
—

 
1,248.9

Inter-segment royalty expense (income)
7.1

 
(7.1
)
 
—

 
—

 
—

Operating income (loss)
335.6

 
98.9

 
(125.4
)
 
—

 
309.1

Income (loss) before income taxes
324.4

 
73.2

 
(197.5
)
 
—

 
200.1

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
43.3

 
$
16.0

 
$
34.6

 
$
—

 
$
93.9

Capital expenditures
28.9

 
14.8

 
22.2

 
—

 
65.9

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

The following table summarizes segment information for the twelve months ended December 31, 2014:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
2,261.9

 
$
464.6

 
$
—

 
$
—

 
$
2,726.5

Other sales
143.0

 
120.3

 
—

 
—

 
263.3

Net sales
2,404.9

 
584.9

 
—

 
—

 
2,989.8

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
5.1

 
$
0.3

 
$
—

 
$
(5.4
)
 
$
—

Gross profit
834.8

 
315.6

 
—

 
—

 
1,150.4

Inter-segment royalty expense (income)
6.1

 
(6.1
)
 
—

 
—

 
—

Operating income (loss)
255.0

 
118.8

 
(97.5
)
 
—

 
276.3

Income (loss) before income taxes
228.0

 
112.2

 
(165.3
)
 
—

 
174.9

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
47.9

 
$
16.3

 
$
25.5

 
$
—

 
$
89.7

Capital expenditures
17.8

 
15.6

 
14.1

 
—

 
47.5

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

The following table summarizes segment information for the twelve months ended December 31, 2013:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
1,779.3

 
$
419.1

 
$
—

 
$
—

 
$
2,198.4

Other sales
147.7

 
118.2

 
—

 
—

 
265.9

Net sales
1,927.0

 
537.3

 
—

 
—

 
2,464.3

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
0.2

 
$
0.6

 
$
—

 
$
(0.8
)
 
$
—

Gross profit
710.2

 
304.7

 
—

 
—

 
1,014.9

Inter-segment royalty expense (income)
5.8

 
(5.8
)
 
—

 
—

 
—

Operating income (loss)
229.0

 
124.7

 
(109.9
)
 
—

 
243.8

Income (loss) before income taxes
548.3

 
(204.5
)
 
(215.8
)
 
—

 
128.0

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
49.9

 
$
14.1

 
$
27.5

 
$
—

 
$
91.5

Capital expenditures
19.5

 
11.2

 
9.3

 
—

 
40.0

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

The following table summarizes property, plant and equipment, net by geographic region:
 
December 31,
 
December 31,
(in millions)
2015
 
2014
United States
$
300.1

 
$
287.3

Canada
6.8

 
8.0

Other International
54.8

 
60.3

Total property, plant and equipment, net
$
361.7

 
$
355.6

Total International
61.6

 
68.3



The following table summarizes net sales by geographic region:
 
Year Ended December 31,
(in millions)
2015
 
2014
 
2013
United States
$
2,374.7

 
$
2,188.8

 
$
1,736.8

Canada
202.5

 
216.1

 
190.2

Other International
574.0

 
584.9

 
537.3

Total net sales
$
3,151.2

 
$
2,989.8

 
$
2,464.3

Total International
$
776.5

 
$
801.0

 
$
727.5