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Guarantor/Non-Guarantor Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2018
Condensed Financial Information 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, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 482.7 |  |  | $ | 202.9 |  |  | $ | (15.9 | ) |  | $ | 669.7 |
Cost of sales | — |  |  | 289.4 |  |  | 120.1 |  |  | (15.9 | ) |  | 393.6 |
Gross profit | — |  |  | 193.3 |  |  | 82.8 |  |  | — |  |  | 276.1 |
Selling and marketing expenses | 2.1 |  |  | 103.5 |  |  | 51.8 |  |  | — |  |  | 157.4 |
General, administrative and other expenses | 5.0 |  |  | 45.6 |  |  | 16.4 |  |  | — |  |  | 67.0 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.8 | ) |  | — |  |  | (3.8 | )
Operating (loss) income | (7.1 | ) |  | 44.2 |  |  | 18.4 |  |  | — |  |  | 55.5 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 14.9 |  |  | 7.5 |  |  | 2.1 |  |  | — |  |  | 24.5 |
Intercompany interest (income) expense, net | (1.7 | ) |  | 2.1 |  |  | (0.4 | ) |  | — |  |  | — |
Interest expense, net | 13.2 |  |  | 9.6 |  |  | 1.7 |  |  | — |  |  | 24.5 |
Other (income) expense, net | — |  |  | (3.5 | ) |  | 4.7 |  |  | — |  |  | 1.2 |
Total other expense, net | 13.2 |  |  | 6.1 |  |  | 6.4 |  |  | — |  |  | 25.7 |
Income from equity investees | 37.2 |  |  | 7.8 |  |  | — |  |  | (45.0 | ) |  | — |
Income before income taxes | 16.9 |  |  | 45.9 |  |  | 12.0 |  |  | (45.0 | ) |  | 29.8 |
Income tax benefit (provision) | 4.3 |  |  | (8.7 | ) |  | (4.2 | ) |  | — |  |  | (8.6 | )
Net income before non-controlling interests | 21.2 |  |  | 37.2 |  |  | 7.8 |  |  | (45.0 | ) |  | 21.2 |
Less: Net loss attributable to non-controlling interests | (1.6 | ) |  | — |  |  | (1.6 | ) |  | 1.6 |  |  | (1.6 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 22.8 |  |  | $ | 37.2 |  |  | $ | 9.4 |  |  | $ | (46.6 | ) |  | $ | 22.8 |
Comprehensive income (loss) attributable to Tempur Sealy International, Inc. | $ | 6.7 |  |  | $ | 36.9 |  |  | $ | (6.7 | ) |  | $ | (30.2 | ) |  | $ | 6.7 |
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 (income), 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 Six Months Ended June 30, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 923.3 |  |  | $ | 427.7 |  |  | $ | (33.3 | ) |  | $ | 1,317.7 |
Cost of sales | — |  |  | 555.8 |  |  | 251.2 |  |  | (33.3 | ) |  | 773.7 |
Gross profit | — |  |  | 367.5 |  |  | 176.5 |  |  | — |  |  | 544.0 |
Selling and marketing expenses | 4.0 |  |  | 196.6 |  |  | 105.7 |  |  | — |  |  | 306.3 |
General, administrative and other expenses | 9.7 |  |  | 93.0 |  |  | 33.3 |  |  | — |  |  | 136.0 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (7.7 | ) |  | — |  |  | (7.7 | )
Operating (loss) income | (13.7 | ) |  | 77.9 |  |  | 45.2 |  |  | — |  |  | 109.4 |
|  |  |  |  |  |  |  |  | — |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 29.9 |  |  | 14.5 |  |  | 3.0 |  |  | — |  |  | 47.4 |
Intercompany interest (income) expense, net | (3.6 | ) |  | 3.9 |  |  | (0.3 | ) |  | — |  |  | — |
Interest expense, net | 26.3 |  |  | 18.4 |  |  | 2.7 |  |  | — |  |  | 47.4 |
Other (income) expense, net | — |  |  | (5.8 | ) |  | 5.2 |  |  | — |  | — |  | (0.6 | )
Total other expense, net | 26.3 |  |  | 12.6 |  |  | 7.9 |  |  | — |  |  | 46.8 |
Income from equity investees | 76.3 |  |  | 26.8 |  |  | — |  |  | (103.1 | ) |  | — |
Income before income taxes | 36.3 |  |  | 92.1 |  |  | 37.3 |  |  | (103.1 | ) |  | 62.6 |
Income tax benefit (provision) | 7.7 |  |  | (15.8 | ) |  | (10.5 | ) |  | — |  |  | (18.6 | )
Net income before non-controlling interests | 44.0 |  |  | 76.3 |  |  | 26.8 |  |  | (103.1 | ) |  | 44.0 |
Less: Net loss attributable to non-controlling interests | $ | (1.9 | ) |  | $ | — |  |  | $ | (1.9 | ) |  | $ | 1.9 |  |  | $ | (1.9 | )
Net income attributable to Tempur Sealy International, Inc. | 45.9 |  |  | 76.3 |  |  | 28.7 |  |  | (105.0 | ) |  | 45.9 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 34.2 |  |  | $ | 75.4 |  |  | $ | 17.6 |  |  | $ | (93.0 | ) |  | $ | 34.2 |
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 |
Schedule of supplemental condensed consolidated balance sheets | Supplemental Condensed Consolidated Balance Sheets June 30, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 11.3 |  |  | $ | 21.3 |  |  | $ | — |  |  | $ | 32.6 |
Accounts receivable, net | — |  |  | 5.4 |  |  | 294.9 |  |  | 59.1 |  |  | 359.4 |
Inventories | — |  |  | 140.8 |  |  | 83.6 |  |  | — |  |  | 224.4 |
Income taxes receivable | 270.9 |  |  | — |  |  | — |  |  | (270.9 | ) |  | — |
Prepaid expenses and other current assets | 0.4 |  |  | 49.8 |  |  | 19.6 |  |  | — |  |  | 69.8 |
Total Current Assets | 271.3 |  |  | 207.3 |  |  | 419.4 |  |  | (211.8 | ) |  | 686.2 |
Property, plant and equipment, net | — |  |  | 348.5 |  |  | 84.6 |  |  | — |  |  | 433.1 |
Goodwill | — |  |  | 507.6 |  |  | 219.5 |  |  | — |  |  | 727.1 |
Other intangible assets, net | — |  |  | 571.9 |  |  | 87.5 |  |  | — |  |  | 659.4 |
Deferred income taxes | 12.2 |  |  | — |  |  | 23.6 |  |  | (12.2 | ) |  | 23.6 |
Other non-current assets | — |  |  | 51.4 |  |  | 184.8 |  |  | — |  |  | 236.2 |
Net investment in subsidiaries | 574.0 |  |  | 94.0 |  |  | — |  |  | (668.0 | ) |  | — |
Due from affiliates | 416.9 |  |  | 153.5 |  |  | 17.7 |  |  | (588.1 | ) |  | — |
Total Assets | $ | 1,274.4 |  |  | $ | 1,934.2 |  |  | $ | 1,037.1 |  |  | $ | (1,480.1 | ) |  | $ | 2,765.6 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 125.2 |  |  | $ | 63.0 |  |  | $ | 59.1 |  |  | $ | 247.3 |
Accrued expenses and other current liabilities | 6.8 |  |  | 140.4 |  |  | 80.0 |  |  | — |  |  | 227.2 |
Income taxes payable | — |  |  | 292.4 |  |  | 7.8 |  |  | (270.9 | ) |  | 29.3 |
Current portion of long-term debt | — |  |  | 36.2 |  |  | 41.1 |  |  | — |  |  | 77.3 |
Total Current Liabilities | 6.8 |  |  | 594.2 |  |  | 191.9 |  |  | (211.8 | ) |  | 581.1 |
Long-term debt, net | 1,042.4 |  |  | 571.4 |  |  | 93.0 |  |  | — |  |  | 1,706.8 |
Deferred income taxes | — |  |  | 105.7 |  |  | 16.9 |  |  | (12.2 | ) |  | 110.4 |
Other non-current liabilities | — |  |  | 58.9 |  |  | 150.1 |  |  | — |  |  | 209.0 |
Due to affiliates | 66.9 |  |  | 30.0 |  |  | 491.2 |  |  | (588.1 | ) |  | — |
Total Liabilities | 1,116.1 |  |  | 1,360.2 |  |  | 943.1 |  |  | (812.1 | ) |  | 2,607.3 |
Redeemable non-controlling interest | 0.3 |  |  | — |  |  | 0.3 |  |  | (0.3 | ) |  | 0.3 |
Total Stockholders' Equity | 158.0 |  |  | 574.0 |  |  | 93.7 |  |  | (667.7 | ) |  | 158.0 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 1,274.4 |  |  | $ | 1,934.2 |  |  | $ | 1,037.1 |  |  | $ | (1,480.1 | ) |  | $ | 2,765.6 |
Supplemental Condensed 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 taxes 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 Stockholders' 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 |
Schedule of supplemental condensed consolidated statements of cash flows | Supplemental Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2018 (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 | $ | (30.0 | ) |  | $ | 4.1 |  |  | $ | 27.5 |  |  | $ | — |  |  | $ | 1.6 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (34.1 | ) |  | (6.5 | ) |  | — |  |  | (40.6 | )
Contributions received from (paid to) subsidiaries and affiliates | — |  |  | 50.9 |  |  | (50.9 | ) |  | — |  |  | — |
Other | — |  |  | 0.1 |  |  | 0.5 |  |  | — |  |  | 0.6 |
Net cash provided by (used in) by investing activities | — |  |  | 16.9 |  |  | (56.9 | ) |  | — |  |  | (40.0 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 335.6 |  |  | 396.6 |  |  | — |  |  | 732.2 |
Repayments of borrowings under long-term debt obligations | — |  |  | (350.6 | ) |  | (347.2 | ) |  | — |  |  | (697.8 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 30.3 |  |  | (4.3 | ) |  | (26.0 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 2.6 |  |  | — |  |  | — |  |  | — |  |  | 2.6 |
Treasury stock repurchased | (3.0 | ) |  | — |  |  | — |  |  | — |  |  | (3.0 | )
Other | — |  |  | (2.7 | ) |  | (0.7 | ) |  | — |  |  | (3.4 | )
Net cash provided by (used in) financing activities | 29.9 |  |  | (22.0 | ) |  | 22.7 |  |  | — |  |  | 30.6 |
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (1.5 | ) |  | — |  |  | (1.5 | )
Decrease in cash and cash equivalents | (0.1 | ) |  | (1.0 | ) |  | (8.2 | ) |  | — |  |  | (9.3 | )
CASH AND CASH EQUIVALENTS, beginning of period | 0.1 |  |  | 12.3 |  |  | 29.5 |  |  | — |  |  | 41.9 |
CASH AND CASH EQUIVALENTS, end of period | $ | — |  |  | $ | 11.3 |  |  | $ | 21.3 |  |  | $ | — |  |  | $ | 32.6 |
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 | )
Payments 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 |

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