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Stockholders' Equity
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholder's Equity
 
(a) Common Stock. Tempur Sealy International has 300.0 million authorized shares of common stock with $0.01 per share par value and 0.01 million shares of preferred stock. Subject to preferences that may be applicable to any outstanding preferred stock, holders of the common stock are entitled to receive ratably such dividends as may be declared from time to time by the Board of Directors out of funds legally available for that purpose. In the event of liquidation, dissolution or winding up, the holders of the common stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding.

(b) Treasury Stock. On February 1, 2016, the Board authorized a new share repurchase authorization of up to $200.0 million of Tempur Sealy International's common stock. On both June 7, 2016 and July 27, 2016, the Board increased the authorization under the Company's share repurchase program by an additional $200.0 million. As of September 30, 2016, the Company had repurchased 5.2 million shares for approximately $317.7 million under the share repurchase authorization. As of September 30, 2016, the Company had approximately $280 million remaining under the existing share repurchase authorization.

In addition, the Company acquired 0.1 million shares upon the vesting of certain performance restricted stock units ("PRSUs"), which were withheld to satisfy tax withholding obligations during the nine months ended September 30, 2016 and 2015, respectively. The shares withheld were valued at the closing price of the common stock on the New York Stock Exchange on the vesting date or first business day thereafter, resulting in approximately $2.0 million and $1.3 million in treasury stock acquired during the nine months ended September 30, 2016 and 2015, respectively.

(c) Accumulated Other Comprehensive Loss. AOCL consisted of the following:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(in millions)
2016
 
2015
 
2016
 
2015
Foreign Currency Translation
 
 
 
 
 
 
 
Balance at beginning of period
$
(98.6
)
 
$
(84.4
)
 
$
(115.4
)
 
$
(54.0
)
Other comprehensive (loss) income:


 


 


 


Foreign currency translation adjustments (1)
(5.0
)
 
(19.0
)
 
11.8

 
(49.4
)
Balance at end of period
$
(103.6
)
 
$
(103.4
)
 
$
(103.6
)
 
$
(103.4
)
 
 
 
 
 
 
 
 
Interest Rate Swap Agreement


 


 


 


Balance at beginning of period
$
—

 
$
(0.4
)
 
$
—

 
$
(0.7
)
Other comprehensive income (loss):


 


 


 


Net change from period revaluations
—

 
0.8

 
—

 
2.3

Tax expense (2)
—

 
(0.3
)
 
—

 
(0.9
)
Total other comprehensive income before reclassifications, net of tax
$
—

 
$
0.5

 
$
—

 
$
1.4

Net amount reclassified to earnings (3)
—

 
(0.5
)
 
—

 
(1.5
)
Tax benefit (2)
—

 
0.2

 
—

 
0.6

Total amount reclassified from AOCL, net of tax
$
—

 
$
(0.3
)
 
$
—

 
$
(0.9
)
Total other comprehensive income, net of tax
—

 
0.2

 
—

 
0.5

Balance at end of period
$
—

 
$
(0.2
)
 
$
—

 
$
(0.2
)
 
 
 
 
 
 
 
 
Pensions
 
 
 
 
 
 
 
Balance at beginning of period
$
(1.4
)
 
$
(2.5
)
 
$
(1.4
)
 
$
(2.4
)
Other comprehensive loss:
 
 
 
 
 
 
 
Net change from period revaluations, net of tax
—

 
—

 
—

 
(0.1
)
Balance at end of period
$
(1.4
)
 
$
(2.5
)
 
$
(1.4
)
 
$
(2.5
)
 
 
 
 
 
 
 
 
Foreign Exchange Forward Contracts
 
 
 
 
 
 
 
Balance at beginning of period
$
0.7

 
$
2.5

 
$
6.6

 
$
1.3

Other comprehensive income (loss):
 
 
 
 
 
 
 
Net change from period revaluations
0.8

 
6.6

 
(4.5
)
 
11.4

Tax (expense) benefit (2)
(0.2
)
 
(1.7
)
 
1.2

 
(2.9
)
Total other comprehensive income (loss) before reclassifications, net of tax
$
0.6

 
$
4.9

 
$
(3.3
)
 
$
8.5

Net amount reclassified to earnings (4)
(1.1
)
 
(2.3
)
 
(3.8
)
 
(5.5
)
Tax benefit (2)
0.3

 
0.6

 
1.0

 
1.4

Total amount reclassified from AOCL, net of tax
$
(0.8
)
 
$
(1.7
)
 
$
(2.8
)
 
$
(4.1
)
Total other comprehensive (loss) income
(0.2
)
 
3.2

 
(6.1
)
 
4.4

Balance at end of period
$
0.5

 
$
5.7

 
$
0.5

 
$
5.7

(1)
In 2016 and 2015, no amounts were reclassified to earnings.
(2)
These amounts were included in the income tax provision on the accompanying Condensed Consolidated Statements of Income.
(3)
This amount was included in interest expense, net on the accompanying Condensed Consolidated Statements of Income.
(4)
This amount was included in cost of sales on the accompanying Condensed Consolidated Statements of Income.