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Unconsolidated Affiliate Companies
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Unconsolidated Affiliate Companies
Unconsolidated Affiliate Companies

The Company has ownership interests in a group of Asia-Pacific joint ventures to develop markets for Sealy® branded products in those regions. The Company’s ownership interest in these joint ventures is 50.0% and is accounted for under the equity method. The Company’s investment of $21.5 million and $15.5 million at December 31, 2017 and 2016, respectively, is recorded in other non-current assets in the accompanying Consolidated Balance Sheets. The Company’s share of earnings for the years ended December 31, 2017 and 2016, respectively, are recorded in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

The tables below present summarized financial information for joint ventures as of and for the years ended December 31:
(in millions)
2017
 
2016
Current assets
$
73.7

 
$
58.6

Non-current assets
17.8

 
14.2

Current liabilities
52.3

 
41.8

Equity
39.2

 
31.0

(in millions)
2017
 
2016
 
2015
Net sales
$
195.1

 
$
155.2

 
$
131.6

Gross profit
129.9

 
101.7

 
85.0

Income from operations
43.3

 
32.2

 
26.2

Net income
31.7

 
24.8

 
20.1