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Guarantor/Non-Guarantor Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of supplemental condensed consolidated statements of income and comprehensive income | Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended June 30, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 628.3 |  |  | $ | 190.8 |  |  | $ | (14.7 | ) |  | $ | 804.4 |
Cost of sales | — |  |  | 376.9 |  |  | 105.3 |  |  | (14.7 | ) |  | 467.5 |
Gross profit | — |  |  | 251.4 |  |  | 85.5 |  |  | — |  |  | 336.9 |
Selling and marketing expenses | 0.9 |  |  | 126.1 |  |  | 45.8 |  |  | — |  |  | 172.8 |
General, administrative and other expenses | 4.0 |  |  | 51.0 |  |  | 16.9 |  |  | — |  |  | 71.9 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.4 | ) |  | — |  |  | (3.4 | )
Royalty (income) expense, net | — |  |  | (4.7 | ) |  | 0.1 |  |  | — |  |  | (4.6 | )
Operating (loss) income | (4.9 | ) |  | 79.0 |  |  | 26.1 |  |  | — |  |  | 100.2 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 16.1 |  |  | 6.1 |  |  | 0.9 |  |  | — |  |  | 23.1 |
Intercompany interest (income) expense, net | (1.1 | ) |  | 0.1 |  |  | 1.0 |  |  | — |  |  | — |
Interest expense, net | 15.0 |  |  | 6.2 |  |  | 1.9 |  |  | — |  |  | 23.1 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other expense, net | — |  |  | 0.2 |  |  | 0.5 |  |  | — |  |  | 0.7 |
Total other expense, net | 49.3 |  |  | 19.3 |  |  | 2.4 |  |  | — |  |  | 71.0 |
Income from equity investees | 55.2 |  |  | 19.2 |  |  | — |  |  | (74.4 | ) |  | — |
Income before income taxes | 1.0 |  |  | 78.9 |  |  | 23.7 |  |  | (74.4 | ) |  | 29.2 |
Income tax benefit (provision) | 19.0 |  |  | (23.7 | ) |  | (4.5 | ) |  | — |  |  | (9.2 | )
Net income before non-controlling interest | 20.0 |  |  | 55.2 |  |  | 19.2 |  |  | (74.4 | ) |  | 20.0 |
Less: Net loss attributable to non-controlling interest | (1.3 | ) |  | (1.3 | ) |  | — |  |  | 1.3 |  |  | (1.3 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 21.3 |  |  | $ | 56.5 |  |  | $ | 19.2 |  |  | $ | (75.7 | ) |  | $ | 21.3 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 18.0 |  |  | $ | 57.0 |  |  | $ | 15.4 |  |  | $ | (72.4 | ) |  | $ | 18.0 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended June 30, 2015 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 592.5 |  |  | $ | 184.2 |  |  | $ | (12.3 | ) |  | $ | 764.4 |
Cost of sales | — |  |  | 378.7 |  |  | 100.5 |  |  | (12.3 | ) |  | 466.9 |
Gross profit | — |  |  | 213.8 |  |  | 83.7 |  |  | — |  |  | 297.5 |
Selling and marketing expenses | 0.9 |  |  | 123.3 |  |  | 44.4 |  |  | — |  |  | 168.6 |
General, administrative and other expenses | 7.3 |  |  | 60.9 |  |  | 16.9 |  |  | — |  |  | 85.1 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.4 | ) |  | — |  |  | (3.4 | )
Royalty income, net of royalty expense | — |  |  | (4.8 | ) |  | — |  |  | — |  |  | (4.8 | )
Operating (loss) income | (8.2 | ) |  | 34.4 |  |  | 25.8 |  |  | — |  |  | 52.0 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 6.7 |  |  | 13.2 |  |  | 0.6 |  |  | — |  |  | 20.5 |
Intercompany interest expense (income), net | 8.2 |  |  | (8.9 | ) |  | 0.7 |  |  | — |  |  | — |
Interest expense, net | 14.9 |  |  | 4.3 |  |  | 1.3 |  |  | — |  |  | 20.5 |
Other expense, net | — |  |  | 0.6 |  |  | 1.6 |  |  | — |  |  | 2.2 |
Total other expense, net | 14.9 |  |  | 4.9 |  |  | 2.9 |  |  | — |  |  | 22.7 |
Income from equity investees | 37.4 |  |  | 17.7 |  |  | — |  |  | (55.1 | ) |  | — |
Income before income taxes | 14.3 |  |  | 47.2 |  |  | 22.9 |  |  | (55.1 | ) |  | 29.3 |
Income tax benefit (provision) | 6.7 |  |  | (9.8 | ) |  | (5.2 | ) |  | — |  |  | (8.3 | )
Net income before non-controlling interest | 21.0 |  |  | 37.4 |  |  | 17.7 |  |  | (55.1 | ) |  | 21.0 |
Less: Net loss attributable to non-controlling interest | (0.2 | ) |  | (0.2 | ) |  | — |  |  | 0.2 |  |  | (0.2 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 21.2 |  |  | $ | 37.6 |  |  | $ | 17.7 |  |  | $ | (55.3 | ) |  | $ | 21.2 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 28.4 |  |  | $ | 37.4 |  |  | $ | 25.4 |  |  | $ | (62.8 | ) |  | $ | 28.4 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Six Months Ended June 30, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,179.0 |  |  | $ | 374.8 |  |  | $ | (28.4 | ) |  | $ | 1,525.4 |
Cost of sales | — |  |  | 725.2 |  |  | 200.7 |  |  | (28.4 | ) |  | 897.5 |
Gross profit | — |  |  | 453.8 |  |  | 174.1 |  |  | — |  |  | 627.9 |
Selling and marketing expenses | 2.7 |  |  | 228.3 |  |  | 91.9 |  |  | — |  |  | 322.9 |
General, administrative and other expenses | 8.8 |  |  | 102.0 |  |  | 32.8 |  |  | — |  |  | 143.6 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (6.2 | ) |  | — |  |  | (6.2 | )
Royalty (income) expense, net | — |  |  | (9.5 | ) |  | 0.2 |  |  | — |  |  | (9.3 | )
Operating (loss) income | (11.5 | ) |  | 133.0 |  |  | 55.4 |  |  | — |  |  | 176.9 |
Other expense, net: |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 36.2 |  |  | 6.9 |  |  | 1.4 |  |  | — |  |  | 44.5 |
Intercompany interest (income) expense, net | (2.2 | ) |  | — |  |  | 2.2 |  |  | — |  |  | — |
Interest expense, net | 34.0 |  |  | 6.9 |  |  | 3.6 |  |  | — |  |  | 44.5 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other (income) expense, net | — |  |  | (1.4 | ) |  | 1.1 |  |  | — |  |  | (0.3 | )
Total other expense, net | 68.3 |  |  | 18.4 |  |  | 4.7 |  |  | — |  |  | 91.4 |
Income from equity investees | 111.7 |  |  | 41.2 |  |  | — |  |  | (152.9 | ) |  | — |
Income before income taxes | 31.9 |  |  | 155.8 |  |  | 50.7 |  |  | (152.9 | ) |  | 85.5 |
Income tax benefit (provision) | 27.1 |  |  | (44.1 | ) |  | (9.5 | ) |  | — |  |  | (26.5 | )
Net income before non-controlling interest | 59.0 |  |  | 111.7 |  |  | 41.2 |  |  | (152.9 | ) |  | 59.0 |
Less: Net (loss) income attributable to non-controlling interest | (1.9 | ) |  | (1.9 | ) |  | — |  |  | 1.9 |  |  | (1.9 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 60.9 |  |  | $ | 113.6 |  |  | $ | 41.2 |  |  | $ | (154.8 | ) |  | $ | 60.9 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 71.8 |  |  | $ | 114.2 |  |  | $ | 51.4 |  |  | $ | (165.6 | ) |  | $ | 71.8 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Six Months Ended June 30, 2015 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,151.3 |  |  | $ | 377.1 |  |  | $ | (24.5 | ) |  | $ | 1,503.9 |
Cost of sales | — |  |  | 746.4 |  |  | 205.8 |  |  | (24.5 | ) |  | 927.7 |
Gross profit | — |  |  | 404.9 |  |  | 171.3 |  |  | — |  |  | 576.2 |
Selling and marketing expenses | 1.7 |  |  | 228.7 |  |  | 92.0 |  |  | — |  |  | 322.4 |
General, administrative and other expenses | 11.1 |  |  | 118.3 |  |  | 33.4 |  |  | — |  |  | 162.8 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (6.4 | ) |  | — |  |  | (6.4 | )
Royalty income, net of royalty expense | — |  |  | (9.0 | ) |  | — |  |  | — |  |  | (9.0 | )
Operating (loss) income | (12.8 | ) |  | 66.9 |  |  | 52.3 |  |  | — |  |  | 106.4 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 13.4 |  |  | 26.2 |  |  | 1.3 |  |  | — |  |  | 40.9 |
Intercompany interest expense (income), net | 16.4 |  |  | (17.7 | ) |  | 1.3 |  |  | — |  |  | — |
Interest expense, net | 29.8 |  |  | 8.5 |  |  | 2.6 |  |  | — |  |  | 40.9 |
Other expense, net | — |  |  | 0.5 |  |  | 0.4 |  |  | — |  |  | 0.9 |
Total other expense, net | 29.8 |  |  | 9.0 |  |  | 3.0 |  |  | — |  |  | 41.8 |
Income from equity investees | 75.0 |  |  | 38.6 |  |  | — |  |  | (113.6 | ) |  | — |
Income before income taxes | 32.4 |  |  | 96.5 |  |  | 49.3 |  |  | (113.6 | ) |  | 64.6 |
Income tax benefit (provision) | 13.6 |  |  | (21.5 | ) |  | (10.7 | ) |  | — |  |  | (18.6 | )
Net income before non-controlling interest | 46.0 |  |  | 75.0 |  |  | 38.6 |  |  | (113.6 | ) |  | 46.0 |
Less: Net income attributable to non-controlling interest | 1.4 |  |  | 1.4 |  |  | — |  |  | (1.4 | ) |  | 1.4 |
Net income attributable to Tempur Sealy International, Inc. | $ | 44.6 |  |  | $ | 73.6 |  |  | $ | 38.6 |  |  | $ | (112.2 | ) |  | $ | 44.6 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 15.6 |  |  | $ | 73.6 |  |  | $ | 7.1 |  |  | $ | (80.7 | ) |  | $ | 15.6 |
Schedule of supplemental condensed consolidated balance sheets | Supplemental Condensed Consolidated Balance Sheets June 30, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 61.9 |  |  | $ | 76.0 |  |  | $ | — |  |  | $ | 137.9 |
Accounts receivable, net | — |  |  | 276.5 |  |  | 137.5 |  |  | — |  |  | 414.0 |
Inventories, net | — |  |  | 167.6 |  |  | 58.0 |  |  | — |  |  | 225.6 |
Income taxes receivable | 219.9 |  |  | — |  |  | — |  |  | (219.9 | ) |  | — |
Prepaid expenses and other current assets | 0.5 |  |  | 46.8 |  |  | 24.1 |  |  | — |  |  | 71.4 |
Total Current Assets | 220.4 |  |  | 552.8 |  |  | 295.6 |  |  | (219.9 | ) |  | 848.9 |
Property, plant and equipment, net | — |  |  | 300.8 |  |  | 61.4 |  |  | — |  |  | 362.2 |
Goodwill | — |  |  | 501.4 |  |  | 218.2 |  |  | — |  |  | 719.6 |
Other intangible assets, net | — |  |  | 606.3 |  |  | 85.6 |  |  | — |  |  | 691.9 |
Deferred income taxes | 19.2 |  |  | — |  |  | 12.5 |  |  | (19.2 | ) |  | 12.5 |
Other non-current assets | — |  |  | 30.9 |  |  | 53.4 |  |  | — |  |  | 84.3 |
Net investment in subsidiaries | 2,096.1 |  |  | — |  |  | — |  |  | (2,096.1 | ) |  | — |
Due from affiliates | 505.3 |  |  | 1,688.2 |  |  | 5.0 |  |  | (2,198.5 | ) |  | — |
Total Assets | $ | 2,841.0 |  |  | $ | 3,680.4 |  |  | $ | 731.7 |  |  | $ | (4,533.7 | ) |  | $ | 2,719.4 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 6.7 |  |  | $ | 195.1 |  |  | $ | 51.7 |  |  | $ | — |  |  | $ | 253.5 |
Accrued expenses and other current liabilities | 8.9 |  |  | 186.4 |  |  | 68.4 |  |  | — |  |  | 263.7 |
Income taxes payable | — |  |  | 215.8 |  |  | 5.2 |  |  | (219.9 | ) |  | 1.1 |
Current portion of long-term debt | — |  |  | 146.9 |  |  | 3.3 |  |  | — |  |  | 150.2 |
Total Current Liabilities | 15.6 |  |  | 744.2 |  |  | 128.6 |  |  | (219.9 | ) |  | 668.5 |
Long-term debt, net | 1,039.7 |  |  | 486.9 |  |  | — |  |  | — |  |  | 1,526.6 |
Deferred income taxes | — |  |  | 191.4 |  |  | 22.4 |  |  | (19.2 | ) |  | 194.6 |
Other non-current liabilities | — |  |  | 156.4 |  |  | 5.3 |  |  | — |  |  | 161.7 |
Due to affiliates | 1,617.7 |  |  | 5.4 |  |  | 579.1 |  |  | (2,202.2 | ) |  | — |
Total Liabilities | 2,673.0 |  |  | 1,584.3 |  |  | 735.4 |  |  | (2,441.3 | ) |  | 2,551.4 |
Redeemable non-controlling interest | 10.5 |  |  | 10.5 |  |  | — |  |  | (10.5 | ) |  | 10.5 |
Total Stockholders’ Equity | 157.5 |  |  | 2,085.6 |  |  | (3.7 | ) |  | (2,081.9 | ) |  | 157.5 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,841.0 |  |  | $ | 3,680.4 |  |  | $ | 731.7 |  |  | $ | (4,533.7 | ) |  | $ | 2,719.4 |
Supplemental Condensed 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, net | — |  |  | 145.3 |  |  | 53.9 |  |  | — |  |  | 199.2 |
Income taxes 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 income taxes | 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, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,717.7 |  |  | $ | 3,635.5 |  |  | $ | 680.1 |  |  | $ | (4,377.8 | ) |  | $ | 2,655.5 |
Schedule of supplemental condensed consolidated statements of cash flows | Supplemental Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2016 (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 | $ | (29.9 | ) |  | $ | 32.3 |  |  | $ | 49.5 |  |  | $ | — |  |  | $ | 51.9 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | — |  |  | (19.4 | ) |  | (4.9 | ) |  | — |  |  | (24.3 | )
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (40.1 | ) |  | 40.1 |  |  | — |  |  | — |
Net cash (used in) provided by investing activities | — |  |  | (59.5 | ) |  | 35.2 |  |  | — |  |  | (24.3 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | 600.0 |  |  | 830.1 |  |  | 5.2 |  |  | — |  |  | 1,435.3 |
Repayments of borrowings under long-term debt obligations | (375.0 | ) |  | (839.6 | ) |  | (15.8 | ) |  | — |  |  | (1,230.4 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 45.7 |  |  | (17.1 | ) |  | (28.6 | ) |  |  |  | — |
Proceeds from exercise of stock options | 6.0 |  |  | — |  |  | — |  |  | — |  |  | 6.0 |
Excess tax benefit from stock-based compensation | 3.0 |  |  | — |  |  | — |  |  | — |  |  | 3.0 |
Treasury stock repurchased | (217.3 | ) |  | — |  |  | — |  |  | — |  |  | (217.3 | )
Payment of deferred financing costs | (2.9 | ) |  | (3.3 | ) |  | — |  |  | — |  |  | (6.2 | )
Fees paid to lenders | (6.0 | ) |  | (1.8 | ) |  | — |  |  | — |  |  | (7.8 | )
Call premium on 2020 Senior Notes | (23.6 | ) |  | — |  |  | — |  |  | — |  |  | (23.6 | )
Other | — |  |  | (1.0 | ) |  | 1.4 |  |  | — |  |  | 0.4 |
Net cash provided by (used in) financing activities | 29.9 |  |  | (32.7 | ) |  | (37.8 | ) |  | — |  |  | (40.6 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (3.0 | ) |  | — |  |  | (3.0 | )
(Decrease) increase in cash and cash equivalents | — |  |  | (59.9 | ) |  | 43.9 |  |  | — |  |  | (16.0 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | — |  |  | 121.8 |  |  | 32.1 |  |  | — |  |  | 153.9 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 61.9 |  |  | $ | 76.0 |  |  | $ | — |  |  | $ | 137.9 |
Supplemental Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 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 | $ | (49.6 | ) |  | $ | 31.6 |  |  | $ | 19.1 |  |  | $ | — |  |  | $ | 1.1 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (27.8 | ) |  | (6.2 | ) |  | — |  |  | (34.0 | )
Proceeds from disposition of business and other | — |  |  | 7.2 |  |  | (0.1 | ) |  |  |  | 7.1 |
Net cash used in investing activities | — |  |  | (20.6 | ) |  | (6.3 | ) |  | — |  |  | (26.9 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 283.0 |  |  | — |  |  | — |  |  | 283.0 |
Repayments of borrowings under long-term debt obligations | — |  |  | (311.5 | ) |  | — |  |  | — |  |  | (311.5 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 25.2 |  |  | 3.1 |  |  | (28.3 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 10.5 |  |  | — |  |  | — |  |  | — |  |  | 10.5 |
Excess tax benefit from stock-based compensation | 14.7 |  |  | — |  |  | — |  |  | — |  |  | 14.7 |
Treasury stock repurchased | (1.2 | ) |  | — |  |  | — |  |  | — |  |  | (1.2 | )
Other | — |  |  | (2.1 | ) |  | 0.9 |  |  | — |  |  | (1.2 | )
Net cash provided by (used in) financing activities | 49.2 |  |  | (27.5 | ) |  | (27.4 | ) |  | — |  |  | (5.7 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 4.4 |  |  | — |  |  | 4.4 |
Decrease in cash and cash equivalents | (0.4 | ) |  | (16.5 | ) |  | (10.2 | ) |  | — |  |  | (27.1 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 0.4 |  |  | 25.5 |  |  | 36.6 |  |  | — |  |  | 62.5 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 9.0 |  |  | $ | 26.4 |  |  | $ | — |  |  | $ | 35.4 |

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