XML 67 R44.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Guarantor/Non-Guarantor Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
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, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,961.2 |  |  | $ | 862.5 |  |  | $ | (69.3 | ) |  | $ | 2,754.4 |
Cost of sales | — |  |  | 1,185.4 |  |  | 497.6 |  |  | (69.3 | ) |  | 1,613.7 |
Gross profit | — |  |  | 775.8 |  |  | 364.9 |  |  | — |  |  | 1,140.7 |
Selling and marketing expenses | 5.6 |  |  | 406.8 |  |  | 188.9 |  |  | — |  |  | 601.3 |
General, administrative and other expenses | 17.5 |  |  | 176.6 |  |  | 78.9 |  |  | — |  |  | 273.0 |
Customer termination charges, net | (8.4 | ) |  | 21.7 |  |  | 1.1 |  |  | — |  |  | 14.4 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (15.6 | ) |  | — |  |  | (15.6 | )
Royalty income, net of royalty expense | — |  |  | (20.8 | ) |  | — |  |  | — |  |  | (20.8 | )
Operating (loss) income | (14.7 | ) |  | 191.5 |  |  | 111.6 |  |  | — |  |  | 288.4 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 59.6 |  |  | 26.0 |  |  | 22.4 |  |  | — |  |  | 108.0 |
Intercompany interest (income) expense, net | (4.7 | ) |  | 8.3 |  |  | (3.6 | ) |  | — |  |  | — |
Interest expense, net | 54.9 |  |  | 34.3 |  |  | 18.8 |  |  | — |  |  | 108.0 |
Other (income) expense, net | — |  |  | (17.2 | ) |  | 9.2 |  |  | — |  |  | (8.0 | )
Total other expense, net | 54.9 |  |  | 17.1 |  |  | 28.0 |  |  | — |  |  | 100.0 |
Income from equity investees | 193.1 |  |  | 51.3 |  |  | — |  |  | (244.4 | ) |  | — |
Income before income taxes | 123.5 |  |  | 225.7 |  |  | 83.6 |  |  | (244.4 | ) |  | 188.4 |
Income tax benefit (provision) | 17.2 |  |  | (32.6 | ) |  | (32.3 | ) |  | — |  |  | (47.7 | )
Net income before non-controlling interests | 140.7 |  |  | 193.1 |  |  | 51.3 |  |  | (244.4 | ) |  | 140.7 |
Less: Net loss attributable to non-controlling interests | (10.7 | ) |  | (5.2 | ) |  | (5.5 | ) |  | 10.7 |  |  | (10.7 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 151.4 |  |  | $ | 198.3 |  |  | $ | 56.8 |  |  | $ | (255.1 | ) |  | $ | 151.4 |
Comprehensive income | $ | 179.4 |  |  | $ | 193.0 |  |  | $ | 89.9 |  |  | $ | (282.9 | ) |  | $ | 179.4 |
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 |  |  | $ | 837.6 |  |  | $ | (64.6 | ) |  | $ | 3,128.9 |
Cost of sales | — |  |  | 1,409.4 |  |  | 476.6 |  |  | (64.6 | ) |  | 1,821.4 |
Gross profit | — |  |  | 946.5 |  |  | 361.0 |  |  | — |  |  | 1,307.5 |
Selling and marketing expenses | 2.9 |  |  | 458.6 |  |  | 187.0 |  |  | — |  |  | 648.5 |
General, administrative and other expenses | 14.8 |  |  | 186.8 |  |  | 79.8 |  |  | — |  |  | 281.4 |
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 |  |  | 107.5 |  |  | — |  |  | 410.4 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 66.0 |  |  | 15.4 |  |  | 10.2 |  |  | — |  |  | 91.6 |
Intercompany interest (income) expense, net | (4.1 | ) |  | (0.1 | ) |  | 4.2 |  |  | — |  |  | — |
Interest expense, net | 61.9 |  |  | 15.3 |  |  | 14.4 |  |  | — |  |  | 91.6 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other (income) expense, net | — |  |  | (1.4 | ) |  | 1.2 |  |  | — |  |  | (0.2 | )
Total other expense, net | 96.2 |  |  | 26.8 |  |  | 15.6 |  |  | — |  |  | 138.6 |
Income from equity investees | 260.1 |  |  | 65.3 |  |  | — |  |  | (325.4 | ) |  | — |
Income before income taxes | 146.2 |  |  | 359.1 |  |  | 91.9 |  |  | (325.4 | ) |  | 271.8 |
Income tax benefit (provision) | 38.8 |  |  | (99.0 | ) |  | (26.6 | ) |  | — |  |  | (86.8 | )
Net income before non-controlling interests | 185.0 |  |  | 260.1 |  |  | 65.3 |  |  | (325.4 | ) |  | 185.0 |
Less: Net loss attributable to non-controlling interests | (5.6 | ) |  | — |  |  | (5.6 | ) |  | 5.6 |  |  | (5.6 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 190.6 |  |  | $ | 260.1 |  |  | $ | 70.9 |  |  | $ | (331.0 | ) |  | $ | 190.6 |
Comprehensive income | $ | 183.5 |  |  | $ | 260.4 |  |  | $ | 63.5 |  |  | $ | (323.9 | ) |  | $ | 183.5 |
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 |  |  | $ | 782.4 |  |  | $ | (50.7 | ) |  | $ | 3,154.6 |
Cost of sales | — |  |  | 1,532.6 |  |  | 423.5 |  |  | (50.7 | ) |  | 1,905.4 |
Gross profit | — |  |  | 890.3 |  |  | 358.9 |  |  | — |  |  | 1,249.2 |
Selling and marketing expenses | 4.1 |  |  | 460.1 |  |  | 183.8 |  |  | — |  |  | 648.0 |
General, administrative and other expenses | 20.8 |  |  | 232.6 |  |  | 71.5 |  |  | — |  |  | 324.9 |
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 |  |  | 115.5 |  |  | — |  |  | 306.5 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 27.2 |  |  | 66.2 |  |  | 9.1 |  |  | — |  |  | 102.5 |
Intercompany interest expense (income), net | 32.9 |  |  | (35.5 | ) |  | 2.6 |  |  | — |  |  | — |
Interest expense, net | 60.1 |  |  | 30.7 |  |  | 11.7 |  |  | — |  |  | 102.5 |
Other (income) expense, net | — |  |  | (8.1 | ) |  | 21.0 |  |  | — |  |  | 12.9 |
Total other expense, net | 60.1 |  |  | 22.6 |  |  | 32.7 |  |  | — |  |  | 115.4 |
Income from equity investees | 123.9 |  |  | 55.7 |  |  | — |  |  | (179.6 | ) |  | — |
Income before income taxes | 38.9 |  |  | 249.0 |  |  | 82.8 |  |  | (179.6 | ) |  | 191.1 |
Income tax benefit (provision) | 26.8 |  |  | (125.1 | ) |  | (27.1 | ) |  | — |  |  | (125.4 | )
Net income before non-controlling interests | 65.7 |  |  | 123.9 |  |  | 55.7 |  |  | (179.6 | ) |  | 65.7 |
Less: Net income attributable to non-controlling interests | 1.2 |  |  | 1.2 |  |  | — |  |  | (1.2 | ) |  | 1.2 |
Net income attributable to Tempur Sealy International, Inc. | $ | 64.5 |  |  | $ | 122.7 |  |  | $ | 55.7 |  |  | $ | (178.4 | ) |  | $ | 64.5 |
Comprehensive income | $ | 18.8 |  |  | $ | 121.9 |  |  | $ | (2.4 | ) |  | $ | (119.5 | ) |  | $ | 18.8 |
Schedule of Supplemental Condensed Consolidating Balance Sheets | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 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 | $ | 0.1 |  |  | $ | 12.3 |  |  | $ | 29.5 |  |  | $ | — |  |  | $ | 41.9 |
Accounts receivable, net | — |  |  | 5.1 |  |  | 322.2 |  |  | (9.6 | ) |  | 317.7 |
Inventories | — |  |  | 103.4 |  |  | 79.6 |  |  | — |  |  | 183.0 |
Income tax receivable | 260.2 |  |  | — |  |  | — |  |  | (260.2 | ) |  | — |
Prepaid expenses and other current assets | 0.8 |  |  | 50.6 |  |  | 13.4 |  |  | — |  |  | 64.8 |
Total Current Assets | 261.1 |  |  | 171.4 |  |  | 444.7 |  |  | (269.8 | ) |  | 607.4 |
Property, plant and equipment, net | — |  |  | 360.4 |  |  | 74.7 |  |  | — |  |  | 435.1 |
Goodwill | — |  |  | 507.6 |  |  | 225.5 |  |  | — |  |  | 733.1 |
Other intangible assets, net | — |  |  | 577.5 |  |  | 89.9 |  |  | — |  |  | 667.4 |
Deferred income taxes | 11.8 |  |  | — |  |  | 23.6 |  |  | (11.8 | ) |  | 23.6 |
Other non-current assets | — |  |  | 47.2 |  |  | 180.2 |  |  | — |  |  | 227.4 |
Net investment in subsidiaries | 2,381.0 |  |  | 127.7 |  |  | — |  |  | (2,508.7 | ) |  | — |
Due from affiliates | 87.2 |  |  | 1,975.9 |  |  | 15.6 |  |  | (2,078.7 | ) |  | — |
Total Assets | $ | 2,741.1 |  |  | $ | 3,767.7 |  |  | $ | 1,054.2 |  |  | $ | (4,869.0 | ) |  | $ | 2,694.0 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 174.6 |  |  | $ | 76.2 |  |  | $ | (9.6 | ) |  | $ | 241.2 |
Accrued expenses and other current liabilities | 7.6 |  |  | 144.2 |  |  | 82.4 |  |  | — |  |  | 234.2 |
Income taxes payable | — |  |  | 279.3 |  |  | 10.0 |  |  | (260.2 | ) |  | 29.1 |
Current portion of long-term debt | — |  |  | 35.7 |  |  | 36.7 |  |  | — |  |  | 72.4 |
Total Current Liabilities | 7.6 |  |  | 633.8 |  |  | 205.3 |  |  | (269.8 | ) |  | 576.9 |
Long-term debt, net | 1,041.6 |  |  | 589.4 |  |  | 49.7 |  |  | — |  |  | 1,680.7 |
Deferred income taxes | — |  |  | 107.8 |  |  | 18.3 |  |  | (11.8 | ) |  | 114.3 |
Other non-current liabilities | — |  |  | 55.2 |  |  | 152.2 |  |  | — |  |  | 207.4 |
Due to affiliates | 1,577.2 |  |  | 0.5 |  |  | 501.0 |  |  | (2,078.7 | ) |  | — |
Total Liabilities | 2,626.4 |  |  | 1,386.7 |  |  | 926.5 |  |  | (2,360.3 | ) |  | 2,579.3 |
Redeemable non-controlling interest | 2.2 |  |  | — |  |  | 2.2 |  |  | (2.2 | ) |  | 2.2 |
Total Stockholder's Equity | 112.5 |  |  | 2,381.0 |  |  | 125.5 |  |  | (2,506.5 | ) |  | 112.5 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,741.1 |  |  | $ | 3,767.7 |  |  | $ | 1,054.2 |  |  | $ | (4,869.0 | ) |  | $ | 2,694.0 |
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 |  |  | 143.9 |  |  | — |  |  | 341.6 |
Inventories | — |  |  | 117.1 |  |  | 79.4 |  |  | — |  |  | 196.5 |
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 |  |  | 296.1 |  |  | (234.2 | ) |  | 667.7 |
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 | 2,171.3 |  |  | 48.1 |  |  | — |  |  | (2,219.4 | ) |  | — |
Due from affiliates | 168.4 |  |  | 1,868.1 |  |  | 14.4 |  |  | (2,050.9 | ) |  | — |
Total Assets | $ | 2,594.5 |  |  | $ | 3,766.4 |  |  | $ | 863.0 |  |  | $ | (4,525.1 | ) |  | $ | 2,698.8 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 0.1 |  |  | $ | 157.0 |  |  | $ | 77.9 |  |  | $ | — |  |  | $ | 235.0 |
Accrued expenses and other current liabilities | 6.8 |  |  | 162.3 |  |  | 80.9 |  |  | — |  |  | 250.0 |
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 |  |  | 589.6 |  |  | 198.8 |  |  | (234.2 | ) |  | 561.1 |
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 | — |  |  | 53.6 |  |  | 126.0 |  |  | — |  |  | 179.6 |
Due to affiliates | 1,581.5 |  |  | 0.5 |  |  | 468.9 |  |  | (2,050.9 | ) |  | — |
Total Liabilities | 2,628.8 |  |  | 1,595.1 |  |  | 814.9 |  |  | (2,305.7 | ) |  | 2,733.1 |
Redeemable non-controlling interest | 7.6 |  |  | — |  |  | 7.6 |  |  | (7.6 | ) |  | 7.6 |
Total stockholders' (deficit) equity, net of non-controlling interests in subsidiaries | (44.9 | ) |  | 2,171.3 |  |  | 37.5 |  |  | (2,208.8 | ) |  | (44.9 | )
Non-controlling interest in subsidiaries | 3.0 |  |  | — |  |  | 3.0 |  |  | (3.0 | ) |  | 3.0 |
Total Stockholders’ (Deficit) Equity | (41.9 | ) |  | 2,171.3 |  |  | 40.5 |  |  | (2,211.8 | ) |  | (41.9 | )
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ (Deficit) Equity | $ | 2,594.5 |  |  | $ | 3,766.4 |  |  | $ | 863.0 |  |  | $ | (4,525.1 | ) |  | $ | 2,698.8 |
Schedule of Supplemental Condensed Consolidating Statements of Cash Flows | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 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 | $ | (55.3 | ) |  | $ | 376.9 |  |  | $ | (98.7 | ) |  | $ | — |  |  | $ | 222.9 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (129.7 | ) |  | 129.7 |  |  | — |  |  | — |
Purchases of property, plant and equipment | — |  |  | (55.8 | ) |  | (11.2 | ) |  | — |  |  | (67.0 | )
Proceeds from sale of property, plant and equipment | — |  |  | 0.8 |  |  | 4.1 |  |  | — |  |  | 4.9 |
Net cash (used in) provided by investing activities | — |  |  | (184.7 | ) |  | 122.6 |  |  | — |  |  | (62.1 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 603.9 |  |  | 729.0 |  |  | — |  |  | 1,332.9 |
Repayments of borrowings under long-term debt obligations | — |  |  | (790.8 | ) |  | (680.7 | ) |  | — |  |  | (1,471.5 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 87.5 |  |  | 0.5 |  |  | (88.0 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 12.8 |  |  | — |  |  | — |  |  | — |  |  | 12.8 |
Treasury stock repurchased | (44.9 | ) |  | — |  |  | — |  |  | — |  |  | (44.9 | )
Payment of deferred financing costs | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Other | — |  |  | (1.4 | ) |  | (2.6 | ) |  | — |  |  | (4.0 | )
Net cash provided by (used in) financing activities | 55.4 |  |  | (187.8 | ) |  | (42.8 | ) |  | — |  |  | (175.2 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (9.4 | ) |  | — |  |  | (9.4 | )
Increase (decrease) in cash and cash equivalents | 0.1 |  |  | 4.4 |  |  | (28.3 | ) |  | — |  |  | (23.8 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 7.9 |  |  | 57.8 |  |  | — |  |  | 65.7 |
CASH AND CASH EQUIVALENTS, end of period | $ | 0.1 |  |  | $ | 12.3 |  |  | $ | 29.5 |  |  | $ | — |  |  | $ | 41.9 |
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 | )
Proceeds from sale of property, plant and equipment | — |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.2 |
Other | — |  |  | (0.1 | ) |  | (0.1 | ) |  | — |  |  | (0.2 | )
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 |
Treasury stock repurchased | (1.3 | ) |  | — |  |  | — |  |  | — |  |  | (1.3 | )
Payment of deferred financing costs | (8.0 | ) |  | — |  |  | — |  |  | — |  |  | (8.0 | )
Proceeds from purchase of treasury shares by CEO | 5.0 |  |  | — |  |  | — |  |  | — |  |  | 5.0 |
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, beginning of period | 0.4 |  |  | 23.4 |  |  | 38.7 |  |  | — |  |  | 62.5 |
CASH AND CASH EQUIVALENTS, end of period | $ | — |  |  | $ | 119.7 |  |  | $ | 34.2 |  |  | $ | — |  |  | $ | 153.9 |

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