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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Total Assets and Long-lived Assets by Segment | The following table summarizes total assets by segment:
| December 31, |  | December 31,
(in millions) | 2016 |  | 2015
North America | $ | 2,581.4 |  |  | $ | 2,533.1 |
International | 572.6 |  |  | 477.1 |
Corporate | 658.7 |  |  | 775.0 |
Inter-segment eliminations | (1,110.1 | ) |  | (1,129.7 | )
Total assets | $ | 2,702.6 |  |  | $ | 2,655.5 |
The following table summarizes property, plant and equipment, net by segment:
| December 31, |  | December 31,
(in millions) | 2016 |  | 2015
North America | $ | 297.4 |  |  | $ | 239.2 |
International | 54.9 |  |  | 54.8 |
Corporate | 69.9 |  |  | 67.7 |
Total property, plant and equipment, net | $ | 422.2 |  |  | $ | 361.7 |
Segment Financial Information | The following table summarizes segment information for the year ended December 31, 2016:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Bedding sales | $ | 2,447.8 |  |  | $ | 443.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,891.5 |
Other sales | 122.3 |  |  | 113.5 |  |  | — |  |  | — |  |  | 235.8 |
Net sales | 2,570.1 |  |  | 557.2 |  |  | — |  |  | — |  |  | 3,127.3 |
Inter-segment sales | $ | 4.6 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | (5.0 | ) |  | $ | — |
Gross profit | 1,017.4 |  |  | 292.0 |  |  | — |  |  | — |  |  | 1,309.4 |
Inter-segment royalty expense (income) | 7.2 |  |  | (7.2 | ) |  | — |  |  | — |  |  | — |
Operating income (loss) | 411.8 |  |  | 102.7 |  |  | (99.0 | ) |  | — |  |  | 415.5 |
Income (loss) before income taxes | 406.8 |  |  | 94.0 |  |  | (217.5 | ) |  | — |  |  | 283.3 |
Depreciation and amortization (1) | $ | 43.7 |  |  | $ | 15.6 |  |  | $ | 30.2 |  |  | $ | — |  |  | $ | 89.5 |
Capital expenditures | 32.8 |  |  | 15.3 |  |  | 14.3 |  |  | — |  |  | 62.4 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the year ended December 31, 2015:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Bedding sales | $ | 2,428.9 |  |  | $ | 458.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,887.2 |
Other sales | 148.3 |  |  | 115.7 |  |  | — |  |  | — |  |  | 264.0 |
Net sales | 2,577.2 |  |  | 574.0 |  |  | — |  |  | — |  |  | 3,151.2 |
Inter-segment sales | $ | 5.9 |  |  | $ | 0.7 |  |  | $ | — |  |  | $ | (6.6 | ) |  | $ | — |
Gross profit | 954.6 |  |  | 294.3 |  |  | — |  |  | — |  |  | 1,248.9 |
Inter-segment royalty expense (income) | 7.1 |  |  | (7.1 | ) |  | — |  |  | — |  |  | — |
Operating income (loss) | 335.6 |  |  | 98.9 |  |  | (125.4 | ) |  | — |  |  | 309.1 |
Income (loss) before income taxes | 324.4 |  |  | 73.2 |  |  | (197.5 | ) |  | — |  |  | 200.1 |
Depreciation and amortization (1) | $ | 43.3 |  |  | $ | 16.0 |  |  | $ | 34.6 |  |  | $ | — |  |  | $ | 93.9 |
Capital expenditures | 28.9 |  |  | 14.8 |  |  | 22.2 |  |  | — |  |  | 65.9 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the year ended December 31, 2014:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Bedding sales | $ | 2,261.9 |  |  | $ | 464.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,726.5 |
Other sales | 143.0 |  |  | 120.3 |  |  | — |  |  | — |  |  | 263.3 |
Net sales | 2,404.9 |  |  | 584.9 |  |  | — |  |  | — |  |  | 2,989.8 |
Inter-segment sales | $ | 5.1 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | (5.4 | ) |  | $ | — |
Gross profit | 834.8 |  |  | 315.6 |  |  | — |  |  | — |  |  | 1,150.4 |
Inter-segment royalty expense (income) | 6.1 |  |  | (6.1 | ) |  | — |  |  | — |  |  | — |
Operating income (loss) | 255.0 |  |  | 118.8 |  |  | (97.5 | ) |  | — |  |  | 276.3 |
Income (loss) before income taxes | 228.0 |  |  | 112.2 |  |  | (165.3 | ) |  | — |  |  | 174.9 |
Depreciation and amortization (1) | $ | 47.9 |  |  | $ | 16.3 |  |  | $ | 25.5 |  |  | $ | — |  |  | $ | 89.7 |
Capital expenditures | 17.8 |  |  | 15.6 |  |  | 14.1 |  |  | — |  |  | 47.5 |
(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:
| December 31, |  | December 31,
(in millions) | 2016 |  | 2015
United States | $ | 360.7 |  |  | $ | 300.1 |
Canada | 6.6 |  |  | 6.8 |
Other International | 54.9 |  |  | 54.8 |
Total property, plant and equipment, net | $ | 422.2 |  |  | $ | 361.7 |
Total International | $ | 61.5 |  |  | $ | 61.6 |
Net sales by geographic region | The following table summarizes net sales by geographic region:
| Year Ended December 31,
(in millions) | 2016 |  | 2015 |  | 2014
United States | $ | 2,361.8 |  |  | $ | 2,374.7 |  |  | $ | 2,188.8 |
Canada | 208.3 |  |  | 202.5 |  |  | 216.1 |
Other International | 557.2 |  |  | 574.0 |  |  | 584.9 |
Total net sales | $ | 3,127.3 |  |  | $ | 3,151.2 |  |  | $ | 2,989.8 |
Total International | $ | 765.5 |  |  | $ | 776.5 |  |  | $ | 801.0 |

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