XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Statement of Comprehensive Income [Abstract]        
Net income before non-controlling interest $ 76.6 $ 40.9 $ 135.6 $ 86.9
Other comprehensive (loss) income before tax, net of tax        
Foreign currency translation adjustments (5.0) (19.0) 11.8 (49.4)
Net change in unrecognized gain on interest rate swap, net of tax 0.0 0.2 0.0 0.5
Pension expense, net of tax 0.0 0.0 0.0 (0.1)
Unrealized (loss) gain on cash flow hedging derivatives, net of tax (0.2) 3.2 (6.1) 4.4
Other comprehensive (loss) income, net of tax (5.2) (15.6) 5.7 (44.6)
Comprehensive income 71.4 25.3 141.3 42.3
Less: Comprehensive income (loss) attributable to non-controlling interest [1],[2] (1.2) 0.7 (3.1) 2.1
Comprehensive income attributable to Tempur Sealy International, Inc. $ 72.6 $ 24.6 $ 144.4 $ 40.2
[1] As of September 30, 2015, the redemption value exceeded the accumulated earnings of the Company's redeemable non-controlling interest in Comfort Revolution, LLC. Accordingly, for the three and nine months ended September 30, 2015, the Company recorded a $0.2 million and $1.1 million adjustment, net of tax, respectively, to adjust the carrying value of redeemable non-controlling interest to its redemption value. [As of September 30, 2016, the accumulated earnings exceeded the redemption value and, accordingly, a redemption value adjustment was not necessary for the three or nine months ended September 30, 2016.
[2] Net (loss) income attributable to the Company's redeemable non-controlling interest in Comfort Revolution, LLC for the three months ended September 30, 2016 and 2015 represented $(1.2) million and $0.5 million, respectively. Net (loss) income attributable to the Company's redeemable non-controlling interest in Comfort Revolution, LLC for the nine months ended September 30, 2016 and 2015 represented $(3.1) million and $1.0 million, respectively.