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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income before non-controlling interests $ 65.7 $ 140.7 $ 185.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 71.4 81.3 73.3
Amortization of stock-based compensation 22.5 13.3 16.2
Amortization of deferred financing costs 20.3 2.2 3.5
Bad debt expense 6.9 10.4 4.6
Deferred income taxes (21.3) (60.2) (31.1)
Dividends received from unconsolidated affiliates 9.1 11.3 10.8
Equity income in earnings of unconsolidated affiliates (11.9) (15.6) (13.3)
Non-cash interest expense on 8.0% Sealy Notes 6.3 0.0 4.0
Loss on extinguishment of debt 0.0 0.0 47.2
Loss on sale of assets 1.5 0.3 1.3
Foreign currency adjustments and other 5.5 (3.2) (0.5)
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable (38.4) 22.3 17.6
Inventories 10.7 17.1 1.8
Prepaid expenses and other assets (58.7) (16.2) (124.4)
Accounts payable 52.8 (1.6) (40.6)
Accrued expenses and other 95.7 (4.1) 6.8
Income taxes (3.9) 24.9 3.3
Net cash provided by operating activities 234.2 222.9 165.5
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from disposition of business 7.2 0.0 0.0
Purchases of property, plant and equipment (65.9) (67.0) (62.4)
Proceeds from sale of property, plant and equipment 0.0 4.9 0.2
Other (1.0) 0.0 (0.2)
Net cash used in investing activities (59.7) (62.1) (62.4)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings under long-term debt obligations 863.5 1,332.9 2,233.3
Repayments of borrowings under long-term debt obligations (988.3) (1,471.5) (1,867.7)
Proceeds from exercise of stock options 20.4 12.8 15.7
Excess tax benefit from stock-based compensation 21.8 0.0 7.0
Treasury stock repurchased (1.3) (44.9) (535.0)
Payment of deferred financing costs (8.0) (0.5) (6.9)
Fees paid to lenders 0.0 0.0 (7.8)
Call premium on 2020 Senior Notes 0.0 0.0 (23.6)
Proceeds from purchase of treasury shares by CEO 5.0 0.0 0.0
Other (3.8) (4.0) (0.1)
Net cash used in financing activities (90.7) (175.2) (185.1)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 7.6 (9.4) (6.2)
(Decrease) increase in cash and cash equivalents 91.4 (23.8) (88.2)
CASH AND CASH EQUIVALENTS, beginning of period   65.7 153.9
CASH AND CASH EQUIVALENTS, end of period 153.9 41.9 65.7
Cash paid during the period for:      
Interest 66.5 106.3 83.2
Income taxes, net of refunds $ 94.9 $ 81.2 $ 81.3