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Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:

	September 30,				December 31,
(in millions)	2016				2015
North America	$	2,521.2			$	2,533.1
International	604.8				477.1
Corporate	665.6				775.0
Inter-segment eliminations	(1,045.4		)		(1,129.7		)
Total assets	$	2,746.2			$	2,655.5

     The following table summarizes property, plant and equipment, net by segment:

	September 30,				December 31,
(in millions)	2016				2015
North America	$	240.0			$	239.2
International	54.9				54.8
Corporate	70.2				67.7
Total property, plant and equipment, net	$	365.1			$	361.7

Segment financial information

The following table summarizes segment information for the three months ended September 30, 2016:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	667.6			$	106.1			$	—			$	—			$	773.7
Other sales	30.9				27.8				—				—				58.7
Net sales	698.5				133.9				—				—				832.4
Inter-segment sales	$	1.0			$	0.2			$	—			$	(1.2	)		$	—
Inter-segment royalty expense (income)	1.8				(1.8		)		—				—				—
Gross profit	290.1				72.0				—				—				362.1
Operating income (loss)	128.3				25.6				(22.8		)		—				131.1
Income (loss) before income taxes	127.1				23.6				(40.4		)		—				110.3
Depreciation and amortization (1)	$	10.8			$	4.0			$	8.2			$	—			$	23.0
Capital expenditures	10.7				3.6				3.3				—				17.6

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

The following table summarizes segment information for the three months ended September 30, 2015:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	690.8			$	110.2			$	—			$	—			$	801.0
Other sales	50.4				28.6				—				—				79.0
Net sales	741.2				138.8				—				—				880.0
Inter-segment sales	$	1.0			$	0.2			$	—			$	(1.2	)		$	—
Inter-segment royalty expense (income)	2.0				(2.0		)		—				—				—
Gross profit	287.7				71.9				—				—				359.6
Operating income (loss)	118.4				23.0				(30.5		)		—				110.9
Income (loss) before income taxes	114.4				1.7				(50.2		)		—				65.9
Depreciation and amortization (1)	$	11.3			$	4.0			$	7.7			$	—			$	23.0
Capital expenditures	5.6				4.4				7.1				—				17.1

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

The following table summarizes segment information for the nine months ended September 30, 2016:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	1,858.2			$	327.8			$	—			$	—			$	2,186.0
Other sales	88.5				83.3				—				—				171.8
Net sales	1,946.7				411.1				—				—				2,357.8
Inter-segment sales	$	3.5			$	0.4			$	—			$	(3.9	)		$	—
Inter-segment royalty expense (income)	5.6				(5.6		)		—				—				—
Gross profit	771.9				218.1				—				—				990.0
Operating income (loss)	308.9				76.1				(77.0		)		—				308.0
Income (loss) before income taxes	304.3				69.0				(177.5		)		—				195.8
Depreciation and amortization (1)	$	32.1			$	11.7			$	25.8			$	—			$	69.6
Capital expenditures	22.0				8.3				11.6				—				41.9

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

The following table summarizes segment information for the nine months ended September 30, 2015:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	1,854.2			$	333.9			$	—			$	—			$	2,188.1
Other sales	111.4				84.4				—				—				195.8
Net sales	1,965.6				418.3				—				—				2,383.9
Inter-segment sales	$	4.5			$	0.5			$	—			$	(5.0	)		$	—
Inter-segment royalty expense (income)	5.3				(5.3		)		—				—				—
Gross profit	718.2				217.6				—				—				935.8
Operating income (loss)	240.9				72.0				(95.6		)		—				217.3
Income (loss) before income taxes	233.0				47.8				(150.3		)		—				130.5
Depreciation and amortization (1)	$	33.5			$	12.1			$	25.7			$	—			$	71.3
Capital expenditures	23.7				9.8				17.6				—				51.1

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

Long-lived assets by geographic region

The following table summarizes property, plant and equipment, net by geographic region:

	September 30,				December 31,
(in millions)	2016				2015
United States	$	303.2			$	300.1
Canada	7.0				6.8
Other International	54.9				54.8
Total property, plant and equipment, net	$	365.1			$	361.7
Total International	$	61.9			$	61.6

Net sales by geographic region

The following table summarizes net sales by geographic region:

	Three Months Ended								Nine Months Ended
	September 30,								September 30,
(in millions)	2016				2015				2016				2015
United States	$	641.4			$	684.8			$	1,792.7			$	1,813.4
Canada	57.1				56.4				154.0				152.2
Other International	133.9				138.8				411.1				418.3
Total net sales	$	832.4			$	880.0			$	2,357.8			$	2,383.9
Total International	$	191.0			$	195.2			$	565.1			$	570.5

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