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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net sales $ 721.0 $ 739.5
Cost of sales 430.0 460.8
Gross profit 291.0 278.7
Selling and marketing expenses 150.1 153.8
General, administrative and other expenses 71.7 77.7
Equity income in earnings of unconsolidated affiliates (2.8) (3.0)
Royalty income, net of royalty expense (4.7) (4.2)
Operating income 76.7 54.4
Other expense, net:    
Interest expense, net 21.4 20.4
Other income, net (1.0) (1.3)
Total other expense, net 20.4 19.1
Income before income taxes 56.3 35.3
Income tax provision (17.3) (10.3)
Net income before non-controlling interest 39.0 25.0
Less: Net income (loss) attributable to non-controlling interest [1] (0.6) 1.6
Net income attributable to Tempur Sealy International, Inc. $ 39.6 $ 23.4
Earnings per common share:    
Basic (in dollars per share) $ 0.64 $ 0.38
Diluted (in dollars per share) $ 0.63 $ 0.38
Weighted average common shares outstanding:    
Basic (in shares) 62.0 60.9
Diluted (in shares) 62.6 62.2
[1] (Loss) income attributable to the Company's redeemable non-controlling interest in Comfort Revolution, LLC for the three months ended March 31, 2016 and 2015 represented $(0.6) million and $0.6 million, respectively. As of March 31, 2015, the redemption value exceeded the accumulated earnings of the Company's redeemable non-controlling interest in Comfort Revolution, LLC. Accordingly, the Company's net income for the three months ended March 31, 2015 includes a $1.0 million adjustment, net of tax, to adjust the carrying value of redeemable non-controlling interest to its redemption value. As of March 31, 2016, the accumulated earnings exceeded the redemption value and, accordingly, a redemption value adjustment was not necessary.