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Revisions of Previously-Issued Financial Statements | 12 Months Ended
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Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract] |
Revisions of Previously-Issued Financial Statements | Revisions of Previously-Issued Financial Statements During the fourth quarter of 2017, the Company identified accounting and operational irregularities associated with a Latin American subsidiary. These errors were immaterial to each of the prior reporting periods affected. However, the Company concluded that the cumulative effect of correcting the errors in 2017 would materially misstate the Company’s Consolidated Statement of Income for the year ended December 31, 2017. Accordingly, the prior period results have been revised. The cumulative impact for both Income before income taxes and Net income attributable to Tempur Sealy International, Inc. for the periods prior to January 1, 2015 is $27.2 million and is reflected in beginning retained earnings for January 1, 2015. The table below illustrates the effect of the corrections on the Company's consolidated financial statements for the periods presented.
| Year Ended December 31, 2016 |  | Year Ended December 31, 2015
| Previously Reported |  | Correction |  | As Revised |  | Previously Reported |  | Correction |  | As Revised
Net sales | $ | 3,127.3 |  |  | $ | 1.6 |  |  | $ | 3,128.9 |  |  | $ | 3,151.2 |  |  | $ | 3.4 |  |  | $ | 3,154.6 |
Gross profit | 1,309.4 |  |  | (1.9 | ) |  | 1,307.5 |  |  | 1,248.9 |  |  | 0.3 |  |  | 1,249.2 |
Operating income | 415.5 |  |  | (5.1 | ) |  | 410.4 |  |  | 309.1 |  |  | (2.6 | ) |  | 306.5 |
Income before income taxes | 283.3 |  |  | (11.5 | ) |  | 271.8 |  |  | 200.1 |  |  | (9.0 | ) |  | 191.1 |
Income tax provision | (86.8 | ) |  | — |  |  | (86.8 | ) |  | (125.4 | ) |  | — |  |  | (125.4 | )
Net income before non-controlling interests | 196.5 |  |  | (11.5 | ) |  | 185.0 |  |  | 74.7 |  |  | (9.0 | ) |  | 65.7 |
Net income attributable to Tempur Sealy International, Inc. | $ | 202.1 |  |  | $ | (11.5 | ) |  | $ | 190.6 |  |  | $ | 73.5 |  |  | $ | (9.0 | ) |  | $ | 64.5 |
| December 31, 2016
| Previously Reported |  | Correction |  | As Revised
Total assets | $ | 2,702.6 |  |  | $ | (3.8 | ) |  | $ | 2,698.8 |
Total liabilities | 2,707.2 |  |  | 25.9 |  |  | 2,733.1 |
Retained earnings | 1,312.4 |  |  | (47.6 | ) |  | 1,264.8 |
Total stockholders' deficit | (12.2 | ) |  | (29.7 | ) |  | (41.9 | )
Total liabilities, redeemable non-controlling interest and stockholders' deficit | $ | 2,702.6 |  |  | $ | (3.8 | ) |  | $ | 2,698.8 |

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -URI http://asc.fasb.org/topic&trid=2122394 + Details
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