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Guarantor/Non-Guarantor Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of supplemental condensed consolidated statements of income and comprehensive income | Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended June 30, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 472.4 |  |  | $ | 205.7 |  |  | $ | (18.8 | ) |  | $ | 659.3 |
Cost of sales | — |  |  | 290.2 |  |  | 119.3 |  |  | (18.8 | ) |  | 390.7 |
Gross profit | — |  |  | 182.2 |  |  | 86.4 |  |  | — |  |  | 268.6 |
Selling and marketing expenses | 1.4 |  |  | 102.3 |  |  | 48.6 |  |  | — |  |  | 152.3 |
General, administrative and other expenses | 4.9 |  |  | 45.5 |  |  | 18.6 |  |  | — |  |  | 69.0 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (4.4 | ) |  | — |  |  | (4.4 | )
Royalty income, net of royalty expense | — |  |  | (4.9 | ) |  | — |  |  | — |  |  | (4.9 | )
Operating (loss) income | (6.3 | ) |  | 39.3 |  |  | 23.6 |  |  | — |  |  | 56.6 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 14.9 |  |  | 6.4 |  |  | 0.8 |  |  | — |  |  | 22.1 |
Intercompany interest (income) expense, net | (1.2 | ) |  | 3.0 |  |  | (1.8 | ) |  | — |  |  | — |
Interest expense (income), net | 13.7 |  |  | 9.4 |  |  | (1.0 | ) |  | — |  |  | 22.1 |
Other expense (income), net | — |  |  | 0.2 |  |  | (0.5 | ) |  | — |  |  | (0.3 | )
Total other expense (income), net | 13.7 |  |  | 9.6 |  |  | (1.5 | ) |  | — |  |  | 21.8 |
Income from equity investees | 34.7 |  |  | 16.3 |  |  | — |  |  | (51.0 | ) |  | — |
Income before income taxes | 14.7 |  |  | 46.0 |  |  | 25.1 |  |  | (51.0 | ) |  | 34.8 |
Income tax benefit (provision) | 7.0 |  |  | (11.3 | ) |  | (8.8 | ) |  | — |  |  | (13.1 | )
Net income before non-controlling interests | 21.7 |  |  | 34.7 |  |  | 16.3 |  |  | (51.0 | ) |  | 21.7 |
Less: Net loss attributable to non-controlling interests | (2.8 | ) |  | — |  |  | (2.8 | ) |  | 2.8 |  |  | (2.8 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 24.5 |  |  | $ | 34.7 |  |  | $ | 19.1 |  |  | $ | (53.8 | ) |  | $ | 24.5 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 33.7 |  |  | $ | 34.5 |  |  | $ | 28.5 |  |  | $ | (63.0 | ) |  | $ | 33.7 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended June 30, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 628.3 |  |  | $ | 190.8 |  |  | $ | (14.7 | ) |  | $ | 804.4 |
Cost of sales | — |  |  | 376.9 |  |  | 105.3 |  |  | (14.7 | ) |  | 467.5 |
Gross profit | — |  |  | 251.4 |  |  | 85.5 |  |  | — |  |  | 336.9 |
Selling and marketing expenses | 0.9 |  |  | 126.1 |  |  | 45.8 |  |  | — |  |  | 172.8 |
General, administrative and other expenses | 4.0 |  |  | 51.0 |  |  | 16.9 |  |  | — |  |  | 71.9 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.4 | ) |  | — |  |  | (3.4 | )
Royalty (income) expense, net | — |  |  | (4.7 | ) |  | 0.1 |  |  | — |  |  | (4.6 | )
Operating (loss) income | (4.9 | ) |  | 79.0 |  |  | 26.1 |  |  | — |  |  | 100.2 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 16.1 |  |  | 6.1 |  |  | 0.9 |  |  | — |  |  | 23.1 |
Intercompany interest (income) expense, net | (1.1 | ) |  | 0.1 |  |  | 1.0 |  |  | — |  |  | — |
Interest expense, net | 15.0 |  |  | 6.2 |  |  | 1.9 |  |  | — |  |  | 23.1 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other expense, net | — |  |  | 0.2 |  |  | 0.5 |  |  | — |  |  | 0.7 |
Total other expense, net | 49.3 |  |  | 19.3 |  |  | 2.4 |  |  | — |  |  | 71.0 |
Income from equity investees | 55.2 |  |  | 19.2 |  |  | — |  |  | (74.4 | ) |  | — |
Income before income taxes | 1.0 |  |  | 78.9 |  |  | 23.7 |  |  | (74.4 | ) |  | 29.2 |
Income tax benefit (provision) | 19.0 |  |  | (23.7 | ) |  | (4.5 | ) |  | — |  |  | (9.2 | )
Net income before non-controlling interests | 20.0 |  |  | 55.2 |  |  | 19.2 |  |  | (74.4 | ) |  | 20.0 |
Less: Net loss attributable to non-controlling interests | (1.3 | ) |  | (1.3 | ) |  | — |  |  | 1.3 |  |  | (1.3 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 21.3 |  |  | $ | 56.5 |  |  | $ | 19.2 |  |  | $ | (75.7 | ) |  | $ | 21.3 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 18.0 |  |  | $ | 57.0 |  |  | $ | 15.4 |  |  | $ | (72.4 | ) |  | $ | 18.0 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Six Months Ended June 30, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,002.2 |  |  | $ | 418.4 |  |  | $ | (39.2 | ) |  | $ | 1,381.4 |
Cost of sales | — |  |  | 620.5 |  |  | 244.9 |  |  | (39.2 | ) |  | 826.2 |
Gross profit | — |  |  | 381.7 |  |  | 173.5 |  |  | — |  |  | 555.2 |
Selling and marketing expenses | 2.8 |  |  | 207.2 |  |  | 96.0 |  |  | — |  |  | 306.0 |
General, administrative and other expenses | 8.9 |  |  | 89.8 |  |  | 36.8 |  |  | — |  |  | 135.5 |
Customer termination charges, net | (8.4 | ) |  | 21.8 |  |  | 1.0 |  |  |  |  | 14.4 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (7.1 | ) |  | — |  |  | (7.1 | )
Royalty income, net of royalty expense | — |  |  | (9.7 | ) |  | — |  |  | — |  |  | (9.7 | )
Operating (loss) income | (3.3 | ) |  | 72.6 |  |  | 46.8 |  |  | — |  |  | 116.1 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 29.7 |  |  | 12.9 |  |  | 1.6 |  |  | — |  |  | 44.2 |
Intercompany interest (income) expense, net | (2.4 | ) |  | 2.8 |  |  | (0.4 | ) |  | — |  |  | — |
Interest expense, net | 27.3 |  |  | 15.7 |  |  | 1.2 |  |  | — |  |  | 44.2 |
Other income, net | — |  |  | (9.2 | ) |  | (0.3 | ) |  | — |  | — |  | (9.5 | )
Total other expense, net | 27.3 |  |  | 6.5 |  |  | 0.9 |  |  | — |  |  | 34.7 |
Income from equity investees | 75.3 |  |  | 31.9 |  |  | — |  |  | (107.2 | ) |  | — |
Income before income taxes | 44.7 |  |  | 98.0 |  |  | 45.9 |  |  | (107.2 | ) |  | 81.4 |
Income tax benefit (provision) | 9.0 |  |  | (22.7 | ) |  | (14.0 | ) |  | — |  |  | (27.7 | )
Net income before non-controlling interests | 53.7 |  |  | 75.3 |  |  | 31.9 |  |  | (107.2 | ) |  | 53.7 |
Less: Net loss attributable to non-controlling interests | (4.7 | ) |  | — |  |  | (4.7 | ) |  | 4.7 |  |  | (4.7 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 58.4 |  |  | $ | 75.3 |  |  | $ | 36.6 |  |  | $ | (111.9 | ) |  | $ | 58.4 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 75.9 |  |  | $ | 70.6 |  |  | $ | 58.8 |  |  | $ | (129.4 | ) |  | $ | 75.9 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Six Months Ended June 30, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,179.0 |  |  | $ | 374.8 |  |  | $ | (28.4 | ) |  | $ | 1,525.4 |
Cost of sales | — |  |  | 725.2 |  |  | 200.7 |  |  | (28.4 | ) |  | 897.5 |
Gross profit | — |  |  | 453.8 |  |  | 174.1 |  |  | — |  |  | 627.9 |
Selling and marketing expenses | 2.7 |  |  | 228.3 |  |  | 91.9 |  |  | — |  |  | 322.9 |
General, administrative and other expenses | 8.8 |  |  | 102.0 |  |  | 32.8 |  |  | — |  |  | 143.6 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (6.2 | ) |  | — |  |  | (6.2 | )
Royalty (income) expense, net | — |  |  | (9.5 | ) |  | 0.2 |  |  | — |  |  | (9.3 | )
Operating (loss) income | (11.5 | ) |  | 133.0 |  |  | 55.4 |  |  | — |  |  | 176.9 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 36.2 |  |  | 6.9 |  |  | 1.4 |  |  | — |  |  | 44.5 |
Intercompany interest (income) expense, net | (2.2 | ) |  | — |  |  | 2.2 |  |  | — |  |  | — |
Interest expense, net | 34.0 |  |  | 6.9 |  |  | 3.6 |  |  | — |  |  | 44.5 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other (income) expense, net | — |  |  | (1.4 | ) |  | 1.1 |  |  | — |  |  | (0.3 | )
Total other expense, net | 68.3 |  |  | 18.4 |  |  | 4.7 |  |  | — |  |  | 91.4 |
Income from equity investees | 111.7 |  |  | 41.2 |  |  | — |  |  | (152.9 | ) |  | — |
Income before income taxes | 31.9 |  |  | 155.8 |  |  | 50.7 |  |  | (152.9 | ) |  | 85.5 |
Income tax benefit (provision) | 27.1 |  |  | (44.1 | ) |  | (9.5 | ) |  | — |  |  | (26.5 | )
Net income before non-controlling interests | 59.0 |  |  | 111.7 |  |  | 41.2 |  |  | (152.9 | ) |  | 59.0 |
Less: Net loss attributable to non-controlling interests | (1.9 | ) |  | (1.9 | ) |  | — |  |  | 1.9 |  |  | (1.9 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 60.9 |  |  | $ | 113.6 |  |  | $ | 41.2 |  |  | $ | (154.8 | ) |  | $ | 60.9 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 71.8 |  |  | $ | 114.2 |  |  | $ | 51.4 |  |  | $ | (165.6 | ) |  | $ | 71.8 |
Schedule of supplemental condensed consolidated balance sheets | Supplemental Condensed Consolidated Balance Sheets June 30, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.2 |  |  | $ | 6.5 |  |  | $ | 31.8 |  |  | $ | — |  |  | $ | 38.5 |
Accounts receivable, net | — |  |  | 41.5 |  |  | 314.7 |  |  | — |  |  | 356.2 |
Inventories, net | — |  |  | 107.8 |  |  | 86.7 |  |  | — |  |  | 194.5 |
Income taxes receivable | 247.5 |  |  | — |  |  | — |  |  | (247.5 | ) |  | — |
Prepaid expenses and other current assets | 0.5 |  |  | 37.4 |  |  | 20.5 |  |  | — |  |  | 58.4 |
Total Current Assets | 248.2 |  |  | 193.2 |  |  | 453.7 |  |  | (247.5 | ) |  | 647.6 |
Property, plant and equipment, net | — |  |  | 350.0 |  |  | 74.8 |  |  | — |  |  | 424.8 |
Goodwill | — |  |  | 500.2 |  |  | 227.4 |  |  | — |  |  | 727.6 |
Other intangible assets, net | — |  |  | 583.3 |  |  | 89.6 |  |  | — |  |  | 672.9 |
Deferred income taxes | 16.4 |  |  | — |  |  | 25.5 |  |  | (16.4 | ) |  | 25.5 |
Other non-current assets | — |  |  | 47.2 |  |  | 165.6 |  |  | — |  |  | 212.8 |
Net investment in subsidiaries | 2,328.6 |  |  | 110.5 |  |  | — |  |  | (2,439.1 | ) |  | — |
Due from affiliates | 102.6 |  |  | 2,043.3 |  |  | 11.9 |  |  | (2,157.8 | ) |  | — |
Total Assets | $ | 2,695.8 |  |  | $ | 3,827.7 |  |  | $ | 1,048.5 |  |  | $ | (4,860.8 | ) |  | $ | 2,711.2 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 166.4 |  |  | $ | 65.4 |  |  | $ | — |  |  | $ | 231.8 |
Accrued expenses and other current liabilities | 6.9 |  |  | 153.0 |  |  | 67.6 |  |  | — |  |  | 227.5 |
Income taxes payable | — |  |  | 245.0 |  |  | 12.4 |  |  | (247.5 | ) |  | 9.9 |
Current portion of long-term debt | — |  |  | 35.2 |  |  | 33.2 |  |  | — |  |  | 68.4 |
Total Current Liabilities | 6.9 |  |  | 599.6 |  |  | 178.6 |  |  | (247.5 | ) |  | 537.6 |
Long-term debt, net | 1,041.1 |  |  | 691.4 |  |  | 60.7 |  |  | — |  |  | 1,793.2 |
Deferred income taxes | — |  |  | 161.7 |  |  | 18.0 |  |  | (16.4 | ) |  | 163.3 |
Other non-current liabilities | — |  |  | 45.9 |  |  | 144.1 |  |  | — |  |  | 190.0 |
Due to affiliates | 1,620.7 |  |  | 0.5 |  |  | 536.6 |  |  | (2,157.8 | ) |  | — |
Total Liabilities | 2,668.7 |  |  | 1,499.1 |  |  | 938.0 |  |  | (2,421.7 | ) |  | 2,684.1 |
Redeemable non-controlling interest | 5.3 |  |  | — |  |  | 5.3 |  |  | (5.3 | ) |  | 5.3 |
Total Stockholders' Equity | 21.8 |  |  | 2,328.6 |  |  | 105.2 |  |  | (2,433.8 | ) |  | 21.8 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,695.8 |  |  | $ | 3,827.7 |  |  | $ | 1,048.5 |  |  | $ | (4,860.8 | ) |  | $ | 2,711.2 |
Supplemental Condensed 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, net | — |  |  | 117.1 |  |  | 79.7 |  |  | — |  |  | 196.8 |
Income taxes 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’ (DEFICIT) 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 | (12.2 | ) |  | 2,207.4 |  |  | 70.1 |  |  | (2,277.5 | ) |  | (12.2 | )
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ (Deficit) Equity | $ | 2,630.6 |  |  | $ | 3,802.6 |  |  | $ | 866.7 |  |  | $ | (4,597.3 | ) |  | $ | 2,702.6 |
Schedule of supplemental condensed consolidated statements of cash flows | Supplemental Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2017 (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 | $ | (27.9 | ) |  | $ | 226.9 |  |  | $ | (123.8 | ) |  | $ | — |  |  | $ | 75.2 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (20.8 | ) |  | (5.1 | ) |  | — |  |  | (25.9 | )
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (107.0 | ) |  | 107.0 |  |  | — |  |  | — |
Other | — |  |  | 0.8 |  |  | 0.1 |  |  | — |  |  | 0.9 |
Net cash (used in) provided by investing activities | — |  |  | (127.0 | ) |  | 102.0 |  |  | — |  |  | (25.0 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 453.7 |  |  | 265.2 |  |  | — |  |  | 718.9 |
Repayments of borrowings under long-term debt obligations | — |  |  | (538.6 | ) |  | (207.3 | ) |  | — |  |  | (745.9 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 70.3 |  |  | (16.6 | ) |  | (53.7 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 1.9 |  |  | — |  |  | — |  |  | — |  |  | 1.9 |
Treasury stock repurchased | (44.1 | ) |  | — |  |  | — |  |  | — |  |  | (44.1 | )
Payment of deferred financing costs | — |  |  | — |  |  | (0.4 | ) |  | — |  |  | (0.4 | )
Other | — |  |  | 0.2 |  |  | (2.9 | ) |  | — |  |  | (2.7 | )
Net cash provided by (used in) financing activities | 28.1 |  |  | (101.3 | ) |  | 0.9 |  |  | — |  |  | (72.3 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (5.1 | ) |  | — |  |  | (5.1 | )
Increase (decrease) in cash and cash equivalents | 0.2 |  |  | (1.4 | ) |  | (26.0 | ) |  | — |  |  | (27.2 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 7.9 |  |  | 57.8 |  |  | — |  |  | 65.7 |
CASH AND CASH EQUIVALENTS, end of period | $ | 0.2 |  |  | $ | 6.5 |  |  | $ | 31.8 |  |  | $ | — |  |  | $ | 38.5 |
Supplemental Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 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 | $ | (29.9 | ) |  | $ | 32.3 |  |  | $ | 49.5 |  |  | $ | — |  |  | $ | 51.9 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (19.4 | ) |  | (4.9 | ) |  | — |  |  | (24.3 | )
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (40.1 | ) |  | 40.1 |  |  | — |  |  | — |
Net cash (used in) provided by investing activities | — |  |  | (59.5 | ) |  | 35.2 |  |  | — |  |  | (24.3 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | 600.0 |  |  | 830.1 |  |  | 5.2 |  |  | — |  |  | 1,435.3 |
Repayments of borrowings under long-term debt obligations | (375.0 | ) |  | (839.6 | ) |  | (15.8 | ) |  | — |  |  | (1,230.4 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 45.7 |  |  | (17.1 | ) |  | (28.6 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 6.0 |  |  | — |  |  | — |  |  | — |  |  | 6.0 |
Excess tax benefit from stock-based compensation | 3.0 |  |  | — |  |  | — |  |  | — |  |  | 3.0 |
Treasury stock repurchased | (217.3 | ) |  | — |  |  | — |  |  | — |  |  | (217.3 | )
Payment of deferred financing costs | (2.9 | ) |  | (3.3 | ) |  | — |  |  | — |  |  | (6.2 | )
Fees paid to lenders | (6.0 | ) |  | (1.8 | ) |  | — |  |  | — |  |  | (7.8 | )
Call premium on 2020 Senior Notes | (23.6 | ) |  | — |  |  | — |  |  | — |  |  | (23.6 | )
Other | — |  |  | (1.0 | ) |  | 1.4 |  |  | — |  |  | 0.4 |
Net cash provided by (used in) financing activities | 29.9 |  |  | (32.7 | ) |  | (37.8 | ) |  | — |  |  | (40.6 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (3.0 | ) |  | — |  |  | (3.0 | )
(Decrease) increase in cash and cash equivalents | — |  |  | (59.9 | ) |  | 43.9 |  |  | — |  |  | (16.0 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 119.7 |  |  | 34.2 |  |  | — |  |  | 153.9 |
CASH AND CASH EQUIVALENTS, end of period | $ | — |  |  | $ | 59.8 |  |  | $ | 78.1 |  |  | $ | — |  |  | $ | 137.9 |

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