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Guarantor/Non-Guarantor Financial Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 556.6 |  |  | $ | 197.4 |  |  | $ | (24.5 | ) |  | $ | 729.5 |
Cost of sales | — |  |  | 338.6 |  |  | 114.1 |  |  | (23.2 | ) |  | 429.5 |
Gross profit | — |  |  | 218.0 |  |  | 83.3 |  |  | (1.3 | ) |  | 300.0 |
Selling and marketing expenses | 2.2 |  |  | 98.2 |  |  | 48.1 |  |  | (2.6 | ) |  | 145.9 |
General, administrative and other expenses | 4.6 |  |  | 56.3 |  |  | 13.8 |  |  | (1.5 | ) |  | 73.2 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.8 | ) |  | — |  |  | (3.8 | )
Operating (loss) income | (6.8 | ) |  | 63.5 |  |  | 25.2 |  |  | 2.8 |  |  | 84.7 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 14.9 |  |  | 7.8 |  |  | 1.1 |  |  | (0.2 | ) |  | 23.6 |
Intercompany interest (income) expense, net | (1.7 | ) |  | 3.3 |  |  | (1.6 | ) |  | — |  |  | — |
Interest expense (income), net | 13.2 |  |  | 11.1 |  |  | (0.5 | ) |  | (0.2 | ) |  | 23.6 |
Other (income) expense, net | — |  |  | (1.5 | ) |  | 2.5 |  |  | 0.4 |  |  | 1.4 |
Total other expense, net | 13.2 |  |  | 9.6 |  |  | 2.0 |  |  | 0.2 |  |  | 25.0 |
Income (loss) from equity investees | 57.8 |  |  | (14.9 | ) |  | — |  |  | (42.9 | ) |  | — |
Income from continuing operations before income taxes | 37.8 |  |  | 39.0 |  |  | 23.2 |  |  | (40.3 | ) |  | 59.7 |
Income tax benefit (provision) | 3.6 |  |  | 18.8 |  |  | (38.1 | ) |  | 0.1 |  |  | (15.6 | )
Income (loss) from continuing operations | 41.4 |  |  | 57.8 |  |  | (14.9 | ) |  | (40.2 | ) |  | 44.1 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (2.7 | ) |  | (2.7 | )
Net income (loss) before non-controlling interest | 41.4 |  |  | 57.8 |  |  | (14.9 | ) |  | (42.9 | ) |  | 41.4 |
Less: Net loss attributable to non-controlling interest | (0.9 | ) |  | (0.8 | ) |  | (0.1 | ) |  | 0.9 |  |  | (0.9 | )
Net income (loss) attributable to Tempur Sealy International, Inc. | $ | 42.3 |  |  | $ | 58.6 |  |  | $ | (14.8 | ) |  | $ | (43.8 | ) |  | $ | 42.3 |
Comprehensive income (loss) attributable to Tempur Sealy International, Inc. | $ | 44.7 |  |  | $ | 58.6 |  |  | $ | (12.4 | ) |  | $ | (46.2 | ) |  | $ | 44.7 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended September 30, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 520.2 |  |  | $ | 222.8 |  |  | $ | (31.5 | ) |  | $ | 711.5 |
Cost of sales | — |  |  | 300.4 |  |  | 130.4 |  |  | (26.3 | ) |  | 404.5 |
Gross profit | — |  |  | 219.8 |  |  | 92.4 |  |  | (5.2 | ) |  | 307.0 |
Selling and marketing expenses | 1.4 |  |  | 101.7 |  |  | 52.3 |  |  | (3.4 | ) |  | 152.0 |
General, administrative and other expenses | 4.9 |  |  | 42.4 |  |  | 23.7 |  |  | (4.5 | ) |  | 66.5 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.5 | ) |  | — |  |  | (3.5 | )
Royalty income, net of royalty expense | — |  |  | (5.3 | ) |  | — |  |  | — |  |  | (5.3 | )
Operating (loss) income | (6.3 | ) |  | 81.0 |  |  | 19.9 |  |  | 2.7 |  |  | 97.3 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 14.8 |  |  | 6.7 |  |  | 10.5 |  |  | (9.9 | ) |  | 22.1 |
Intercompany interest (income) expense, net | (1.1 | ) |  | 2.8 |  |  | (1.7 | ) |  | — |  |  | — |
Interest expense, net | 13.7 |  |  | 9.5 |  |  | 8.8 |  |  | (9.9 | ) |  | 22.1 |
Other (income) expense, net | — |  |  | (4.5 | ) |  | 5.6 |  |  | (0.1 | ) |  | 1.0 |
Total other expense, net | 13.7 |  |  | 5.0 |  |  | 14.4 |  |  | (10.0 | ) |  | 23.1 |
Income from equity investees | 53.8 |  |  | 1.7 |  |  | — |  |  | (55.5 | ) |  | — |
Income from continuing operations before income taxes | 33.8 |  |  | 77.7 |  |  | 5.5 |  |  | (42.8 | ) |  | 74.2 |
Income tax benefit (provision) | 7.4 |  |  | (23.9 | ) |  | (3.8 | ) |  | (0.7 | ) |  | (21.0 | )
Income from continuing operations | 41.2 |  |  | 53.8 |  |  | 1.7 |  |  | (43.5 | ) |  | 53.2 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (12.0 | ) |  | (12.0 | )
Net income before non-controlling interest | 41.2 |  |  | 53.8 |  |  | 1.7 |  |  | (55.5 | ) |  | 41.2 |
Less: Net loss attributable to non-controlling interest | (3.4 | ) |  | — |  |  | (3.4 | ) |  | 3.4 |  |  | (3.4 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 44.6 |  |  | $ | 53.8 |  |  | $ | 5.1 |  |  | $ | (58.9 | ) |  | $ | 44.6 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 54.2 |  |  | $ | 54.0 |  |  | $ | 14.6 |  |  | $ | (68.6 | ) |  | $ | 54.2 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Nine Months Ended September 30, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,507.6 |  |  | $ | 594.3 |  |  | $ | (75.1 | ) |  | $ | 2,026.8 |
Cost of sales | — |  |  | 918.0 |  |  | 338.5 |  |  | (67.2 | ) |  | 1,189.3 |
Gross profit | — |  |  | 589.6 |  |  | 255.8 |  |  | (7.9 | ) |  | 837.5 |
Selling and marketing expenses | 6.3 |  |  | 296.5 |  |  | 152.0 |  |  | (10.2 | ) |  | 444.6 |
General, administrative and other expenses | 14.3 |  |  | 154.0 |  |  | 42.5 |  |  | (4.8 | ) |  | 206.0 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (11.5 | ) |  | — |  |  | (11.5 | )
Operating (loss) income | (20.6 | ) |  | 139.1 |  |  | 72.8 |  |  | 7.1 |  |  | 198.4 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 44.7 |  |  | 22.3 |  |  | 4.2 |  |  | (1.7 | ) |  | 69.5 |
Intercompany interest (income) expense, net | (5.3 | ) |  | 7.8 |  |  | (2.5 | ) |  | — |  |  | — |
Interest expense, net | 39.4 |  |  | 30.1 |  |  | 1.7 |  |  | (1.7 | ) |  | 69.5 |
Other (income) expense, net | — |  |  | (7.1 | ) |  | 7.4 |  |  | (2.1 | ) | — |  | (1.8 | )
Total other expense, net | 39.4 |  |  | 23.0 |  |  | 9.1 |  |  | (3.8 | ) |  | 67.7 |
Income from equity investees | 134.1 |  |  | 15.1 |  |  | — |  |  | (149.2 | ) |  | — |
Income from continuing operations before income taxes | 74.1 |  |  | 131.2 |  |  | 63.7 |  |  | (138.3 | ) |  | 130.7 |
Income tax benefit (provision) | 11.3 |  |  | 2.9 |  |  | (48.6 | ) |  | — |  |  | (34.4 | )
Income from continuing operations | 85.4 |  |  | 134.1 |  |  | 15.1 |  |  | (138.3 | ) |  | 96.3 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (10.9 | ) |  | (10.9 | )
Net income before non-controlling interest | 85.4 |  |  | 134.1 |  |  | 15.1 |  |  | (149.2 | ) |  | 85.4 |
Less: Net loss attributable to non-controlling interest | (2.8 | ) |  | (2.6 | ) |  | (0.2 | ) |  | 2.8 |  |  | (2.8 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 88.2 |  |  | $ | 136.7 |  |  | $ | 15.3 |  |  | $ | (152.0 | ) |  | $ | 88.2 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 78.9 |  |  | $ | 136.1 |  |  | $ | 6.6 |  |  | $ | (142.7 | ) |  | $ | 78.9 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Nine Months Ended September 30, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,522.4 |  |  | $ | 641.2 |  |  | $ | (94.4 | ) |  | $ | 2,069.2 |
Cost of sales | — |  |  | 920.9 |  |  | 375.3 |  |  | (80.1 | ) |  | 1,216.1 |
Gross profit | — |  |  | 601.5 |  |  | 265.9 |  |  | (14.3 | ) |  | 853.1 |
Selling and marketing expenses | 4.2 |  |  | 308.9 |  |  | 148.3 |  |  | (10.0 | ) |  | 451.4 |
General, administrative and other expenses | 13.8 |  |  | 132.2 |  |  | 60.5 |  |  | (6.7 | ) |  | 199.8 |
Customer termination charges, net | (8.4 | ) |  | 21.8 |  |  | 1.0 |  |  | — |  |  | 14.4 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (10.6 | ) |  | — |  |  | (10.6 | )
Royalty income, net of royalty expense | — |  |  | (15.0 | ) |  | — |  |  | — |  |  | (15.0 | )
Operating (loss) income | (9.6 | ) |  | 153.6 |  |  | 66.7 |  |  | 2.4 |  |  | 213.1 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 44.7 |  |  | 19.4 |  |  | 12.1 |  |  | (10.8 | ) |  | 65.4 |
Intercompany interest (income) expense, net | (3.6 | ) |  | 5.6 |  |  | (2.0 | ) |  | — |  |  | — |
Interest expense, net | 41.1 |  |  | 25.0 |  |  | 10.1 |  |  | (10.8 | ) |  | 65.4 |
Other (income) expense, net | — |  |  | (13.6 | ) |  | 5.2 |  |  | 1.7 |  |  | (6.7 | )
Total other expense, net | 41.1 |  |  | 11.4 |  |  | 15.3 |  |  | (9.1 | ) |  | 58.7 |
Income from equity investees | 129.1 |  |  | 33.6 |  |  | — |  |  | (162.7 | ) |  | — |
Income from continuing operations before income taxes | 78.4 |  |  | 175.8 |  |  | 51.4 |  |  | (151.2 | ) |  | 154.4 |
Income tax benefit (provision) | 16.5 |  |  | (46.7 | ) |  | (17.8 | ) |  | 1.5 |  |  | (46.5 | )
Income from continuing operations | 94.9 |  |  | 129.1 |  |  | 33.6 |  |  | (149.7 | ) |  | 107.9 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (13.0 | ) |  | (13.0 | )
Net income before non-controlling interest | 94.9 |  |  | 129.1 |  |  | 33.6 |  |  | (162.7 | ) |  | 94.9 |
Less: Net loss attributable to non-controlling interest | (8.1 | ) |  | — |  |  | (8.1 | ) |  | 8.1 |  |  | (8.1 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 103.0 |  |  | $ | 129.1 |  |  | $ | 41.7 |  |  | $ | (170.8 | ) |  | $ | 103.0 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 130.1 |  |  | $ | 124.6 |  |  | $ | 73.4 |  |  | $ | (198.0 | ) |  | $ | 130.1 |
Schedule of supplemental condensed consolidated balance sheets | Supplemental Condensed Consolidated Balance Sheets September 30, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 10.5 |  |  | $ | 22.9 |  |  | $ | (1.3 | ) |  | $ | 32.1 |
Accounts receivable, net | — |  |  | 12.8 |  |  | 352.1 |  |  | 9.2 |  |  | 374.1 |
Inventories | — |  |  | 160.8 |  |  | 61.6 |  |  | (1.9 | ) |  | 220.5 |
Prepaid expenses and other current assets | 274.3 |  |  | 97.0 |  |  | 147.0 |  |  | (275.0 | ) |  | 243.3 |
Current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 7.6 |  |  | 7.6 |
Total Current Assets | 274.3 |  |  | 281.1 |  |  | 583.6 |  |  | (261.4 | ) |  | 877.6 |
Property, plant and equipment, net | — |  |  | 349.6 |  |  | 72.4 |  |  | (1.0 | ) |  | 421.0 |
Goodwill | — |  |  | 508.8 |  |  | 218.0 |  |  | (0.3 | ) |  | 726.5 |
Other intangible assets, net | — |  |  | 575.8 |  |  | 81.3 |  |  | (0.1 | ) |  | 657.0 |
Deferred income taxes | 12.7 |  |  | — |  |  | 22.8 |  |  | (12.7 | ) |  | 22.8 |
Other non-current assets | — |  |  | 51.9 |  |  | 50.5 |  |  | (0.1 | ) |  | 102.3 |
Net investment in subsidiaries | 645.6 |  |  | 215.1 |  |  | — |  |  | (860.7 | ) |  | — |
Due from affiliates | 420.1 |  |  | 127.2 |  |  | 25.4 |  |  | (572.7 | ) |  | — |
Non-current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 1.5 |  |  | 1.5 |
Total Assets | $ | 1,352.7 |  |  | $ | 2,109.5 |  |  | $ | 1,054.0 |  |  | $ | (1,707.5 | ) |  | $ | 2,808.7 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 196.0 |  |  | $ | 61.3 |  |  | $ | 9.3 |  |  | $ | 266.6 |
Accrued expenses and other current liabilities | 21.4 |  |  | 150.2 |  |  | 207.2 |  |  | (2.8 | ) |  | 376.0 |
Income taxes payable | — |  |  | 270.4 |  |  | 15.6 |  |  | (274.8 | ) |  | 11.2 |
Current portion of long-term debt | — |  |  | 40.2 |  |  | 32.8 |  |  | — |  |  | 73.0 |
Current liabilities of discontinued operations | — |  |  | — |  |  | — |  |  | 6.9 |  |  | 6.9 |
Total Current Liabilities | 21.4 |  |  | 656.8 |  |  | 316.9 |  |  | (261.4 | ) |  | 733.7 |
Long-term debt, net | 1,042.7 |  |  | 559.7 |  |  | 13.6 |  |  | — |  |  | 1,616.0 |
Deferred income taxes | — |  |  | 117.8 |  |  | 16.6 |  |  | (12.7 | ) |  | 121.7 |
Other non-current liabilities | — |  |  | 76.8 |  |  | 51.0 |  |  | (1.1 | ) |  | 126.7 |
Due to affiliates | 79.1 |  |  | 52.8 |  |  | 440.8 |  |  | (572.7 | ) |  | — |
Non-current liabilities of discontinued operations | — |  |  | — |  |  | — |  |  | 1.1 |  |  | 1.1 |
Total Liabilities | 1,143.2 |  |  | 1,463.9 |  |  | 838.9 |  |  | (846.8 | ) |  | 2,599.2 |
Total Stockholders' Equity | 209.5 |  |  | 645.6 |  |  | 215.1 |  |  | (860.7 | ) |  | 209.5 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 1,352.7 |  |  | $ | 2,109.5 |  |  | $ | 1,054.0 |  |  | $ | (1,707.5 | ) |  | $ | 2,808.7 |
Supplemental Condensed Consolidated Balance Sheets December 31, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.1 |  |  | $ | 12.3 |  |  | $ | 29.5 |  |  | $ | (0.8 | ) |  | $ | 41.1 |
Accounts receivable, net | — |  |  | 5.1 |  |  | 322.2 |  |  | (16.5 | ) |  | 310.8 |
Inventories | — |  |  | 103.4 |  |  | 79.6 |  |  | (3.9 | ) |  | 179.1 |
Prepaid expenses and other current assets | 261.0 |  |  | 50.6 |  |  | 13.4 |  |  | (261.6 | ) |  | 63.4 |
Current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 13.0 |  |  | 13.0 |
Total Current Assets | 261.1 |  |  | 171.4 |  |  | 444.7 |  |  | (269.8 | ) |  | 607.4 |
Property, plant and equipment, net | — |  |  | 360.4 |  |  | 74.7 |  |  | (1.6 | ) |  | 433.5 |
Goodwill | — |  |  | 507.6 |  |  | 225.5 |  |  | (0.4 | ) |  | 732.7 |
Other intangible assets, net | — |  |  | 577.5 |  |  | 89.9 |  |  | (0.3 | ) |  | 667.1 |
Deferred income taxes | 11.8 |  |  | — |  |  | 23.6 |  |  | (12.0 | ) |  | 23.4 |
Other non-current assets | — |  |  | 47.2 |  |  | 180.2 |  |  | (0.1 | ) |  | 227.3 |
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 | ) |  | — |
Non-current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 2.6 |  |  | 2.6 |
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 |  |  | $ | (22.5 | ) |  | $ | 228.3 |
Accrued expenses and other current liabilities | 7.6 |  |  | 144.2 |  |  | 82.4 |  |  | (11.9 | ) |  | 222.3 |
Income taxes payable | — |  |  | 279.3 |  |  | 10.0 |  |  | (261.1 | ) |  | 28.2 |
Current portion of long-term debt | — |  |  | 35.7 |  |  | 36.7 |  |  | — |  |  | 72.4 |
Current liabilities of discontinued operations | — |  |  | — |  |  | — |  |  | 25.7 |  |  | 25.7 |
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 |  |  | (1.3 | ) |  | 206.1 |
Due from affiliates | 1,577.2 |  |  | 0.5 |  |  | 501.0 |  |  | (2,078.7 | ) |  | — |
Non-current liabilities of discontinued operations | — |  |  | — |  |  | — |  |  | 1.3 |  |  | 1.3 |
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 Nine Months Ended September 30, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (28.4 | ) |  | $ | 132.7 |  |  | $ | 8.7 |  |  | $ | 17.6 |  |  | $ | 130.6 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (46.4 | ) |  | (9.6 | ) |  | 0.2 |  |  | (55.8 | )
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (83.6 | ) |  | 83.6 |  |  | — |  |  | — |
Other | — |  |  | 0.1 |  |  | 0.2 |  |  | — |  |  | 0.3 |
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (129.9 | ) |  | 74.2 |  |  | 0.2 |  |  | (55.5 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 335.6 |  |  | 527.4 |  |  | — |  |  | 863.0 |
Repayments of borrowings under long-term debt obligations | — |  |  | (358.1 | ) |  | (564.6 | ) |  | — |  |  | (922.7 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 27.6 |  |  | 21.7 |  |  | (49.3 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 4.2 |  |  | — |  |  | — |  |  | — |  |  | 4.2 |
Treasury stock repurchased | (3.5 | ) |  | — |  |  | — |  |  | — |  |  | (3.5 | )
Other | — |  |  | (3.8 | ) |  | (0.9 | ) |  | — |  |  | (4.7 | )
Net cash provided by (used in) financing activities from continuing operations | 28.3 |  |  | (4.6 | ) |  | (87.4 | ) |  | — |  |  | (63.7 | )
Net cash (used in) provided by continuing operations | (0.1 | ) |  | (1.8 | ) |  | (4.5 | ) |  | 17.8 |  |  | 11.4 |
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (17.6 | ) |  | (17.6 | )
Investing cash flows, net | — |  |  | — |  |  | — |  |  | (0.2 | ) |  | (0.2 | )
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (17.8 | ) |  | (17.8 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (2.1 | ) |  | — |  |  | (2.1 | )
Decrease in cash and cash equivalents | (0.1 | ) |  | (1.8 | ) |  | (6.6 | ) |  | — |  |  | (8.5 | )
CASH AND CASH EQUIVALENTS, beginning of period | 0.1 |  |  | 12.3 |  |  | 29.5 |  |  | — |  |  | 41.9 |
CASH AND CASH EQUIVALENTS, end of period | $ | — |  |  | $ | 10.5 |  |  | $ | 22.9 |  |  | $ | — |  |  | $ | 33.4 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | $ | — |  |  | — |  |  | 1.3 |  |  | — |  |  | 1.3 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | — |  |  | 10.5 |  |  | $ | 21.6 |  |  | — |  |  | 32.1 |
Supplemental Condensed Consolidated Statements of Cash Flows Nine Months Ended September 30, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (27.0 | ) |  | $ | 352.8 |  |  | $ | (123.3 | ) |  | $ | 14.1 |  |  | $ | 216.6 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (35.9 | ) |  | (7.5 | ) |  | 0.3 |  |  | (43.1 | )
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (159.5 | ) |  | 159.5 |  |  |  |  | — |
Other | — |  |  | 0.9 |  |  | 4.0 |  |  | (4.0 | ) |  | 0.9 |
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (194.5 | ) |  | 156.0 |  |  | (3.7 | ) |  | (42.2 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 523.8 |  |  | 462.1 |  |  | — |  |  | 985.9 |
Repayments of borrowings under long-term debt obligations | — |  |  | (703.2 | ) |  | (421.5 | ) |  | — |  |  | (1,124.7 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 66.1 |  |  | 21.4 |  |  | (87.5 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 6.5 |  |  | — |  |  | — |  |  | — |  |  | 6.5 |
Treasury stock repurchased | (44.9 | ) |  | — |  |  | — |  |  | — |  |  | (44.9 | )
Payments of deferred financing costs | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Other | — |  |  | (0.2 | ) |  | (2.7 | ) |  | — |  |  | (2.9 | )
Net cash provided by (used in) financing activities from continuing operations | 27.7 |  |  | (158.2 | ) |  | (50.1 | ) |  | — |  |  | (180.6 | )
Net cash provided by (used in) continuing operations | 0.7 |  |  | 0.1 |  |  | (17.4 | ) |  | 10.4 |  |  | (6.2 | )
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (14.1 | ) |  | (14.1 | )
Investing cash flows, net | — |  |  | — |  |  | — |  |  | 3.7 |  |  | 3.7 |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (10.4 | ) |  | (10.4 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (7.3 | ) |  | — |  |  | (7.3 | )
Increase (decrease) in cash and cash equivalents | 0.7 |  |  | 0.1 |  |  | (24.7 | ) |  | — |  |  | (23.9 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 7.9 |  |  | 57.8 |  |  | — |  |  | 65.7 |
CASH AND CASH EQUIVALENTS, end of period | $ | 0.7 |  |  | $ | 8.0 |  |  | $ | 33.1 |  |  | $ | — |  |  | $ | 41.8 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 2.2 |  |  | — |  |  | 2.2 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | — |  |  | $ | 8.0 |  |  | $ | 30.9 |  |  | $ | — |  |  | $ | 39.6 |

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