XML 59 R43.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Guarantor/Non-Guarantor Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Guarantor/Non-Guarantor Financial Information |
Schedule of Supplemental Condensed Consolidating Statements of Operations | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,355.9 |  |  | $ | 835.9 |  |  | $ | (64.5 | ) |  | $ | 3,127.3 |
Cost of sales | — |  |  | 1,409.4 |  |  | 473.0 |  |  | (64.5 | ) |  | 1,817.9 |
Gross profit | — |  |  | 946.5 |  |  | 362.9 |  |  | — |  |  | 1,309.4 |
Selling and marketing expenses | 2.9 |  |  | 458.6 |  |  | 187.0 |  |  | — |  |  | 648.5 |
General, administrative and other expenses | 14.8 |  |  | 186.8 |  |  | 76.6 |  |  | — |  |  | 278.2 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (13.3 | ) |  | — |  |  | (13.3 | )
Royalty income, net of royalty expense | — |  |  | (19.5 | ) |  | — |  |  | — |  |  | (19.5 | )
Operating (loss) income | (17.7 | ) |  | 320.6 |  |  | 112.6 |  |  | — |  |  | 415.5 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 66.0 |  |  | 15.4 |  |  | 3.8 |  |  | — |  |  | 85.2 |
Intercompany interest (income) expense, net | (4.1 | ) |  | (0.1 | ) |  | 4.2 |  |  | — |  |  | — |
Interest expense, net | 61.9 |  |  | 15.3 |  |  | 8.0 |  |  | — |  |  | 85.2 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other (income) expense, net | — |  |  | (1.4 | ) |  | 1.2 |  |  | — |  |  | (0.2 | )
Total other expense | 96.2 |  |  | 26.8 |  |  | 9.2 |  |  | — |  |  | 132.2 |
Income from equity investees | 271.6 |  |  | 76.8 |  |  | — |  |  | (348.4 | ) |  | — |
Income before income taxes | 157.7 |  |  | 370.6 |  |  | 103.4 |  |  | (348.4 | ) |  | 283.3 |
Income tax benefit (provision) | 38.8 |  |  | (99.0 | ) |  | (26.6 | ) |  | — |  |  | (86.8 | )
Net income before non-controlling interest | 196.5 |  |  | 271.6 |  |  | 76.8 |  |  | (348.4 | ) |  | 196.5 |
Less: net loss attributable to non-controlling interests | (5.6 | ) |  | — |  |  | (5.6 | ) |  | 5.6 |  |  | (5.6 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 202.1 |  |  | $ | 271.6 |  |  | $ | 82.4 |  |  | $ | (354.0 | ) |  | $ | 202.1 |
Comprehensive income | $ | 190.8 |  |  | $ | 271.7 |  |  | $ | 71.2 |  |  | $ | (342.9 | ) |  | $ | 190.8 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2015 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,422.9 |  |  | $ | 778.9 |  |  | $ | (50.6 | ) |  | $ | 3,151.2 |
Cost of sales | — |  |  | 1,532.6 |  |  | 420.3 |  |  | (50.6 | ) |  | 1,902.3 |
Gross profit | — |  |  | 890.3 |  |  | 358.6 |  |  | — |  |  | 1,248.9 |
Selling and marketing expenses | 4.1 |  |  | 460.1 |  |  | 183.8 |  |  | — |  |  | 648.0 |
General, administrative and other expenses | 20.8 |  |  | 232.6 |  |  | 68.6 |  |  | — |  |  | 322.0 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (11.9 | ) |  | — |  |  | (11.9 | )
Royalty income, net of royalty expense | — |  |  | (18.3 | ) |  | — |  |  | — |  |  | (18.3 | )
Operating (loss) income | (24.9 | ) |  | 215.9 |  |  | 118.1 |  |  | — |  |  | 309.1 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 27.2 |  |  | 66.2 |  |  | 2.7 |  |  | — |  |  | 96.1 |
Intercompany interest expense (income), net | 32.9 |  |  | (35.5 | ) |  | 2.6 |  |  | — |  |  | — |
Interest expense, net | 60.1 |  |  | 30.7 |  |  | 5.3 |  |  | — |  |  | 96.1 |
Other (income) expense, net | — |  |  | (8.1 | ) |  | 21.0 |  |  | — |  |  | 12.9 |
Total other expense | 60.1 |  |  | 22.6 |  |  | 26.3 |  |  | — |  |  | 109.0 |
Income from equity investees | 132.9 |  |  | 64.7 |  |  | — |  |  | (197.6 | ) |  | — |
Income before income taxes | 47.9 |  |  | 258.0 |  |  | 91.8 |  |  | (197.6 | ) |  | 200.1 |
Income tax benefit (provision) | 26.8 |  |  | (125.1 | ) |  | (27.1 | ) |  | — |  |  | (125.4 | )
Net income before non-controlling interest | 74.7 |  |  | 132.9 |  |  | 64.7 |  |  | (197.6 | ) |  | 74.7 |
Less: net income attributable to non-controlling interests | 1.2 |  |  | 1.2 |  |  | — |  |  | (1.2 | ) |  | 1.2 |
Net income attributable to Tempur Sealy International, Inc. | $ | 73.5 |  |  | $ | 131.7 |  |  | $ | 64.7 |  |  | $ | (196.4 | ) |  | $ | 73.5 |
Comprehensive income (loss) | $ | 19.1 |  |  | $ | 130.9 |  |  | $ | (3.3 | ) |  | $ | (127.6 | ) |  | $ | 19.1 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2014 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,229.5 |  |  | $ | 802.9 |  |  | $ | (42.6 | ) |  | $ | 2,989.8 |
Cost of sales | — |  |  | 1,465.3 |  |  | 416.7 |  |  | (42.6 | ) |  | 1,839.4 |
Gross profit | — |  |  | 764.2 |  |  | 386.2 |  |  | — |  |  | 1,150.4 |
Selling and marketing expenses | 2.4 |  |  | 431.2 |  |  | 186.3 |  |  | — |  |  | 619.9 |
General, administrative and other expenses | 13.4 |  |  | 200.5 |  |  | 66.7 |  |  | — |  |  | 280.6 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (8.3 | ) |  | — |  |  | (8.3 | )
Royalty income, net of royalty expense | — |  |  | (18.1 | ) |  | — |  |  | — |  |  | (18.1 | )
Operating (loss) income | (15.8 | ) |  | 150.6 |  |  | 141.5 |  |  | — |  |  | 276.3 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 27.0 |  |  | 62.4 |  |  | 2.5 |  |  | — |  |  | 91.9 |
Intercompany interest expense (income), net | 32.7 |  |  | (34.6 | ) |  | 1.9 |  |  | — |  |  | — |
Interest expense, net | 59.7 |  |  | 27.8 |  |  | 4.4 |  |  | — |  |  | 91.9 |
Loss on disposal, net | — |  |  | 23.2 |  |  | — |  |  | — |  |  | 23.2 |
Other (income) expense, net | — |  |  | (17.2 | ) |  | 3.5 |  |  | — |  |  | (13.7 | )
Total other expense | 59.7 |  |  | 33.8 |  |  | 7.9 |  |  | — |  |  | 101.4 |
Income from equity investees | 159.2 |  |  | 98.7 |  |  | — |  |  | (257.9 | ) |  | — |
Income before income taxes | 83.7 |  |  | 215.5 |  |  | 133.6 |  |  | (257.9 | ) |  | 174.9 |
Income tax benefit (provision) | 26.3 |  |  | (56.3 | ) |  | (34.9 | ) |  | — |  |  | (64.9 | )
Net income before non-controlling interest | 110.0 |  |  | 159.2 |  |  | 98.7 |  |  | (257.9 | ) |  | 110.0 |
Less: net income attributable to non-controlling interests | 1.1 |  |  | 1.1 |  |  | — |  |  | (1.1 | ) |  | 1.1 |
Net income attributable to Tempur Sealy International, Inc. | $ | 108.9 |  |  | $ | 158.1 |  |  | $ | 98.7 |  |  | $ | (256.8 | ) |  | $ | 108.9 |
Comprehensive income | $ | 66.9 |  |  | $ | 163.3 |  |  | $ | 60.3 |  |  | $ | (223.6 | ) |  | $ | 66.9 |
Schedule of Supplemental Condensed Consolidating Balance Sheets | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 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 | $ | — |  |  | $ | 7.9 |  |  | $ | 57.8 |  |  | $ | — |  |  | $ | 65.7 |
Accounts receivable, net | — |  |  | 197.7 |  |  | 147.4 |  |  | — |  |  | 345.1 |
Inventories | — |  |  | 117.1 |  |  | 79.7 |  |  | — |  |  | 196.8 |
Income tax receivable | 234.2 |  |  | — |  |  | — |  |  | (234.2 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 48.9 |  |  | 15.0 |  |  | — |  |  | 63.9 |
Total Current Assets | 234.2 |  |  | 371.6 |  |  | 299.9 |  |  | (234.2 | ) |  | 671.5 |
Property, plant and equipment, net | — |  |  | 346.9 |  |  | 75.3 |  |  | — |  |  | 422.2 |
Goodwill | — |  |  | 500.2 |  |  | 222.3 |  |  | — |  |  | 722.5 |
Other intangible assets, net | — |  |  | 589.8 |  |  | 88.9 |  |  | — |  |  | 678.7 |
Deferred income taxes | 20.6 |  |  | — |  |  | 22.5 |  |  | (20.6 | ) |  | 22.5 |
Other non-current assets | — |  |  | 41.7 |  |  | 143.5 |  |  | — |  |  | 185.2 |
Net investment in subsidiaries | 2,207.4 |  |  | 77.7 |  |  | — |  |  | (2,285.1 | ) |  | — |
Due from affiliates | 168.4 |  |  | 1,874.7 |  |  | 14.3 |  |  | (2,057.4 | ) |  | — |
Total Assets | $ | 2,630.6 |  |  | $ | 3,802.6 |  |  | $ | 866.7 |  |  | $ | (4,597.3 | ) |  | $ | 2,702.6 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 0.1 |  |  | $ | 157.0 |  |  | $ | 62.2 |  |  | $ | — |  |  | $ | 219.3 |
Accrued expenses and other current liabilities | 6.8 |  |  | 172.6 |  |  | 70.7 |  |  | — |  |  | 250.1 |
Income taxes payable | — |  |  | 235.9 |  |  | 4.1 |  |  | (234.2 | ) |  | 5.8 |
Current portion of long-term debt | — |  |  | 34.4 |  |  | 35.9 |  |  | — |  |  | 70.3 |
Total Current Liabilities | 6.9 |  |  | 599.9 |  |  | 172.9 |  |  | (234.2 | ) |  | 545.5 |
Long-term debt, net | 1,040.4 |  |  | 776.5 |  |  | 0.9 |  |  | — |  |  | 1,817.8 |
Deferred income taxes | — |  |  | 174.9 |  |  | 20.3 |  |  | (20.6 | ) |  | 174.6 |
Other non-current liabilities | — |  |  | 43.3 |  |  | 126.0 |  |  | — |  |  | 169.3 |
Due to affiliates | 1,587.9 |  |  | 0.6 |  |  | 468.9 |  |  | (2,057.4 | ) |  | — |
Total Liabilities | 2,635.2 |  |  | 1,595.2 |  |  | 789.0 |  |  | (2,312.2 | ) |  | 2,707.2 |
Redeemable non-controlling interest | 7.6 |  |  | — |  |  | 7.6 |  |  | (7.6 | ) |  | 7.6 |
Total stockholders’ (deficit) equity, net of non-controlling interests in subsidiaries | (15.2 | ) |  | 2,207.4 |  |  | 67.1 |  |  | (2,274.5 | ) |  | (15.2 | )
Non-controlling interest in subsidiaries | 3.0 |  |  | — |  |  | 3.0 |  |  | (3.0 | ) |  | 3.0 |
Total Stockholder's (Deficit) Equity | (12.2 | ) |  | 2,207.4 |  |  | 70.1 |  |  | (2,277.5 | ) |  | (12.2 | )
Total Liabilities and Stockholders’ (Deficit) Equity | $ | 2,630.6 |  |  | $ | 3,802.6 |  |  | $ | 866.7 |  |  | $ | (4,597.3 | ) |  | $ | 2,702.6 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental 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 | $ | — |  |  | $ | 119.7 |  |  | $ | 34.2 |  |  | $ | — |  |  | $ | 153.9 |
Accounts receivable, net | — |  |  | 231.9 |  |  | 147.5 |  |  | — |  |  | 379.4 |
Inventories | — |  |  | 145.3 |  |  | 53.9 |  |  | — |  |  | 199.2 |
Income tax receivable | 193.1 |  |  | — |  |  | — |  |  | (193.1 | ) |  | — |
Prepaid expenses and other current assets | — |  |  | 45.6 |  |  | 31.0 |  |  | — |  |  | 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 tax asset | 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’ (Deficit) Equity | 290.2 |  |  | 1,948.1 |  |  | (95.0 | ) |  | (1,853.1 | ) |  | 290.2 |
Total Liabilities and Stockholders’ (Deficit) Equity | $ | 2,717.7 |  |  | $ | 3,635.5 |  |  | $ | 680.1 |  |  | $ | (4,377.8 | ) |  | $ | 2,655.5 |
Schedule of Supplemental Condensed Consolidating Statements of Cash Flows | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 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 | $ | (63.1 | ) |  | $ | 110.7 |  |  | $ | 117.9 |  |  | $ | — |  |  | $ | 165.5 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (76.7 | ) |  | 76.7 |  |  | — |  |  | — |
Purchases of property, plant and equipment | — |  |  | (43.0 | ) |  | (19.4 | ) |  |  |  | (62.4 | )
Net cash (used in) provided by investing activities | — |  |  | (119.7 | ) |  | 57.3 |  |  | — |  |  | (62.4 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | 600.0 |  |  | 1,523.6 |  |  | 109.7 |  |  | — |  |  | 2,233.3 |
Repayments of borrowings under long-term debt obligations | (375.0 | ) |  | (1,406.2 | ) |  | (86.5 | ) |  | — |  |  | (1,867.7 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 383.1 |  |  | (212.5 | ) |  | (170.6 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 15.7 |  |  | — |  |  | — |  |  | — |  |  | 15.7 |
Excess tax benefit from stock-based compensation | 7.0 |  |  | — |  |  | — |  |  | — |  |  | 7.0 |
Treasury stock repurchased | (535.0 | ) |  | — |  |  | — |  |  | — |  |  | (535.0 | )
Payment of deferred financing costs | (3.1 | ) |  | (3.8 | ) |  | — |  |  | — |  |  | (6.9 | )
Fees paid to lenders | (6.0 | ) |  | (1.8 | ) |  | — |  |  | — |  |  | (7.8 | )
Call premium on 2020 Senior Notes | (23.6 | ) |  | — |  |  | — |  |  | — |  |  | (23.6 | )
Other | — |  |  | (2.1 | ) |  | 2.0 |  |  | — |  |  | (0.1 | )
Net cash provided by (used in) financing activities | 63.1 |  |  | (102.8 | ) |  | (145.4 | ) |  | — |  |  | (185.1 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (6.2 | ) |  | — |  |  | (6.2 | )
(Decrease) increase in cash and cash equivalents | — |  |  | (111.8 | ) |  | 23.6 |  |  | — |  |  | (88.2 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | — |  |  | 119.7 |  |  | 34.2 |  |  | — |  |  | 153.9 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 7.9 |  |  | $ | 57.8 |  |  | $ | — |  |  | $ | 65.7 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 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 | $ | (87.0 | ) |  | $ | 274.7 |  |  | $ | 46.5 |  |  | $ | — |  |  | $ | 234.2 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from disposition of business | — |  |  | 7.2 |  |  | — |  |  | — |  |  | 7.2 |
Purchases of property, plant and equipment | — |  |  | (49.9 | ) |  | (16.0 | ) |  | — |  |  | (65.9 | )
Other | — |  |  | (0.7 | ) |  | (0.3 | ) |  | — |  |  | (1.0 | )
Net cash used in investing activities | — |  |  | (43.4 | ) |  | (16.3 | ) |  | — |  |  | (59.7 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | 450.0 |  |  | 402.9 |  |  | 10.6 |  |  | — |  |  | 863.5 |
Repayments of borrowings under long-term debt obligations | — |  |  | (988.3 | ) |  | — |  |  | — |  |  | (988.3 | )
Net activity in investment in and advances (to) from subsidiaries and affiliates | (401.3 | ) |  | 453.4 |  |  | (52.1 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 20.4 |  |  | — |  |  | — |  |  | — |  |  | 20.4 |
Excess tax benefit from stock-based compensation | 21.8 |  |  | — |  |  | — |  |  | — |  |  | 21.8 |
Proceeds from purchase of treasury shares by CEO | 5.0 |  |  | — |  |  | — |  |  | — |  |  | 5.0 |
Treasury stock repurchased | (1.3 | ) |  | — |  |  | — |  |  | — |  |  | (1.3 | )
Payment of deferred financing costs | (8.0 | ) |  | — |  |  | — |  |  | — |  |  | (8.0 | )
Other | — |  |  | (3.0 | ) |  | (0.8 | ) |  | — |  |  | (3.8 | )
Net cash provided by (used in) financing activities | 86.6 |  |  | (135.0 | ) |  | (42.3 | ) |  | — |  |  | (90.7 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 7.6 |  |  | — |  |  | 7.6 |
(Decrease) increase in cash and cash equivalents | (0.4 | ) |  | 96.3 |  |  | (4.5 | ) |  | — |  |  | 91.4 |
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD | 0.4 |  |  | 23.4 |  |  | 38.7 |  |  | — |  |  | 62.5 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | — |  |  | $ | 119.7 |  |  | $ | 34.2 |  |  | $ | — |  |  | $ | 153.9 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2014 (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 | $ | (62.7 | ) |  | $ | 191.5 |  |  | $ | 96.4 |  |  | $ | — |  |  | $ | 225.2 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Acquisition of business, net of cash acquired | — |  |  | — |  |  | (8.5 | ) |  | — |  |  | (8.5 | )
Proceeds from disposition of business | — |  |  | 43.5 |  |  | — |  |  | — |  |  | 43.5 |
Purchases of property, plant and equipment | — |  |  | (31.3 | ) |  | (16.2 | ) |  | — |  |  | (47.5 | )
Other | — |  |  | 3.0 |  |  | (0.9 | ) |  | — |  |  | 2.1 |
Net cash provided by (used in) investing activities | — |  |  | 15.2 |  |  | (25.6 | ) |  | — |  |  | (10.4 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 271.5 |  |  | — |  |  | — |  |  | 271.5 |
Repayments of borrowings under long-term debt obligations | — |  |  | (510.9 | ) |  | — |  |  | — |  |  | (510.9 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 59.3 |  |  | 32.1 |  |  | (91.4 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 4.3 |  |  | — |  |  | — |  |  | — |  |  | 4.3 |
Excess tax benefit from stock-based compensation | 1.7 |  |  | — |  |  | — |  |  | — |  |  | 1.7 |
Treasury stock repurchased | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Payment of deferred financing costs | — |  |  | (3.1 | ) |  | — |  |  | — |  |  | (3.1 | )
Other | — |  |  | (1.7 | ) |  | 2.3 |  |  | — |  |  | 0.6 |
Net cash provided by (used in) financing activities | 63.1 |  |  | (212.1 | ) |  | (89.1 | ) |  | — |  |  | (238.1 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 4.8 |  |  | — |  |  | 4.8 |
Increase (decrease) in cash and cash equivalents | 0.4 |  |  | (5.4 | ) |  | (13.5 | ) |  | — |  |  | (18.5 | )
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD | — |  |  | 28.8 |  |  | 52.2 |  |  | — |  |  | 81.0 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 0.4 |  |  | $ | 23.4 |  |  | $ | 38.7 |  |  | $ | — |  |  | $ | 62.5 |

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | tpx_GuarantorNonGuarantorFinancialInformationDisclosureAbstract
Namespace Prefix: | tpx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration