XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Guarantor/Non-Guarantor Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2018
Guarantor/Non-Guarantor Financial Information |
Guarantor/Non-Guarantor Financial Information | Guarantor/Non-Guarantor Financial Information The $450.0 million and $600.0 million aggregate principal amount of 2023 Senior Notes and 2026 Senior Notes (collectively the "Senior Notes"), respectively, are general unsecured senior obligations of Tempur Sealy International and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by the Combined Guarantor Subsidiaries. The $375.0 million aggregate principal amount of 2020 Senior Notes were general unsecured senior obligations at December 31, 2015 but were redeemed in full in 2016. The foreign subsidiaries (the "Combined Non-Guarantor Subsidiaries") represent the foreign operations of the Company and do not guarantee the Senior Notes. A subsidiary guarantor will be released from its obligations under the applicable indenture governing the Senior Notes when: (a) the subsidiary guarantor is sold or sells all or substantially all of its assets; (b) the subsidiary is declared "unrestricted" under the applicable indenture governing the Senior Notes; (c) the subsidiary’s guarantee of indebtedness under the 2016 Credit Agreement (as it may be amended, refinanced or replaced) is released (other than a discharge through repayment); or (d) the requirements for legal or covenant defeasance or discharge of the applicable indenture have been satisfied. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for its investments in its subsidiaries under the equity method. The following financial information presents Consolidated Balance Sheets as of December 31, 2018 and December 31, 2017, and the related Consolidated Statements of Income and Comprehensive Income and Cash Flows for the years ended December 31, 2018, 2017 and 2016 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries. TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,000.9 |  |  | $ | 800.5 |  |  | $ | (98.5 | ) |  | $ | 2,702.9 |
Cost of sales | — |  |  | 1,208.3 |  |  | 464.3 |  |  | (90.4 | ) |  | 1,582.2 |
Gross profit | — |  |  | 792.6 |  |  | 336.2 |  |  | (8.1 | ) |  | 1,120.7 |
Selling and marketing expenses | 8.4 |  |  | 392.0 |  |  | 199.8 |  |  | (12.4 | ) |  | 587.8 |
General, administrative and other expenses | 17.8 |  |  | 225.8 |  |  | 57.4 |  |  | (6.8 | ) |  | 294.2 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (17.6 | ) |  | — |  |  | (17.6 | )
Operating (loss) income | (26.2 | ) |  | 174.8 |  |  | 96.6 |  |  | 11.1 |  |  | 256.3 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 59.2 |  |  | 30.2 |  |  | 4.6 |  |  | (1.7 | ) |  | 92.3 |
Intercompany interest (income) expense, net | (6.9 | ) |  | 10.8 |  |  | (3.9 | ) |  | — |  |  | — |
Interest expense, net | 52.3 |  |  | 41.0 |  |  | 0.7 |  |  | (1.7 | ) |  | 92.3 |
Other (income) expense, net | — |  |  | (9.9 | ) |  | 13.9 |  |  | (5.0 | ) |  | (1.0 | )
Total other expense, net | 52.3 |  |  | 31.1 |  |  | 14.6 |  |  | (6.7 | ) |  | 91.3 |
Income from equity investees | 162.0 |  |  | 26.6 |  |  | — |  |  | (188.6 | ) |  | — |
Income from continuing operations before income taxes | 83.5 |  |  | 170.3 |  |  | 82.0 |  |  | (170.8 | ) |  | 165.0 |
Income tax benefit (provision) | 14.1 |  |  | (8.3 | ) |  | (55.4 | ) |  | — |  |  | (49.6 | )
Income from continuing operations | 97.6 |  |  | 162.0 |  |  | 26.6 |  |  | (170.8 | ) |  | 115.4 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (17.8 | ) |  | (17.8 | )
Net income before non-controlling interests | 97.6 |  |  | 162.0 |  |  | 26.6 |  |  | (188.6 | ) |  | 97.6 |
Less: Net loss attributable to non-controlling interest | (2.9 | ) |  | (2.6 | ) |  | (0.3 | ) |  | 2.9 |  |  | (2.9 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 100.5 |  |  | $ | 164.6 |  |  | $ | 26.9 |  |  | $ | (191.5 | ) |  | $ | 100.5 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 80.7 |  |  | $ | 164.2 |  |  | $ | 7.5 |  |  | $ | (171.7 | ) |  | $ | 80.7 |
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 |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,961.2 |  |  | $ | 862.5 |  |  | $ | (123.1 | ) |  | $ | 2,700.6 |
Cost of sales | — |  |  | 1,185.4 |  |  | 497.6 |  |  | (103.4 | ) |  | 1,579.6 |
Gross profit | — |  |  | 775.8 |  |  | 364.9 |  |  | (19.7 | ) |  | 1,121.0 |
Selling and marketing expenses | 5.6 |  |  | 406.8 |  |  | 188.9 |  |  | (15.2 | ) |  | 586.1 |
General, administrative and other expenses | 17.5 |  |  | 176.6 |  |  | 78.9 |  |  | (11.6 | ) |  | 261.4 |
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 |  |  | 7.1 |  |  | 295.5 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 59.6 |  |  | 26.0 |  |  | 22.4 |  |  | (20.7 | ) |  | 87.3 |
Intercompany interest (income) expense, net | (4.7 | ) |  | 8.3 |  |  | (3.6 | ) |  | — |  |  | — |
Interest expense, net | 54.9 |  |  | 34.3 |  |  | 18.8 |  |  | (20.7 | ) |  | 87.3 |
Other (income) expense, net | — |  |  | (17.2 | ) |  | 9.2 |  |  | 0.8 |  |  | (7.2 | )
Total other expense, net | 54.9 |  |  | 17.1 |  |  | 28.0 |  |  | (19.9 | ) |  | 80.1 |
Income from equity investees | 193.1 |  |  | 51.3 |  |  | — |  |  | (244.4 | ) |  | — |
Income from continuing operations before income taxes | 123.5 |  |  | 225.7 |  |  | 83.6 |  |  | (217.4 | ) |  | 215.4 |
Income tax benefit (provision) | 17.2 |  |  | (32.6 | ) |  | (32.3 | ) |  | 3.9 |  |  | (43.8 | )
Income from continuing operations | 140.7 |  |  | 193.1 |  |  | 51.3 |  |  | (213.5 | ) |  | 171.6 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (30.9 | ) |  | (30.9 | )
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 attributable to Tempur Sealy International, Inc. | $ | 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 |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,355.9 |  |  | $ | 837.6 |  |  | $ | (113.8 | ) |  | $ | 3,079.7 |
Cost of sales | — |  |  | 1,409.4 |  |  | 476.6 |  |  | (95.8 | ) |  | 1,790.2 |
Gross profit | — |  |  | 946.5 |  |  | 361.0 |  |  | (18.0 | ) |  | 1,289.5 |
Selling and marketing expenses | 2.9 |  |  | 458.6 |  |  | 187.0 |  |  | (13.0 | ) |  | 635.5 |
General, administrative and other expenses | 14.8 |  |  | 186.8 |  |  | 79.8 |  |  | (8.0 | ) |  | 273.4 |
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 |  |  | 3.0 |  |  | 413.4 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 66.0 |  |  | 15.4 |  |  | 10.2 |  |  | (8.7 | ) |  | 82.9 |
Intercompany interest (income) expense, net | (4.1 | ) |  | (0.1 | ) |  | 4.2 |  |  | — |  |  | — |
Interest expense, net | 61.9 |  |  | 15.3 |  |  | 14.4 |  |  | (8.7 | ) |  | 82.9 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other (income) expense, net | — |  |  | (1.4 | ) |  | 1.2 |  |  | (0.1 | ) |  | (0.3 | )
Total other expense, net | 96.2 |  |  | 26.8 |  |  | 15.6 |  |  | (8.8 | ) |  | 129.8 |
Income from equity investees | 260.1 |  |  | 65.3 |  |  | — |  |  | (325.4 | ) |  | — |
Income from continuing operations before income taxes | 146.2 |  |  | 359.1 |  |  | 91.9 |  |  | (313.6 | ) |  | 283.6 |
Income tax benefit (provision) | 38.8 |  |  | (99.0 | ) |  | (26.6 | ) |  | 0.5 |  |  | (86.3 | )
Income from continuing operations | 185.0 |  |  | 260.1 |  |  | 65.3 |  |  | (313.1 | ) |  | 197.3 |
Loss from discontinued operations | — |  |  | — |  |  | — |  |  | (12.3 | ) |  | (12.3 | )
Net income before non-controlling interests | 185.0 |  |  | 260.1 |  |  | 65.3 |  |  | (325.4 | ) |  | 185.0 |
Less: Net income 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 attributable to Tempur Sealy International, Inc. | $ | 183.5 |  |  | $ | 260.4 |  |  | $ | 63.5 |  |  | $ | (323.9 | ) |  | $ | 183.5 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 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 | $ | 0.1 |  |  | $ | 6.2 |  |  | $ | 39.5 |  |  | $ | — |  |  | $ | 45.8 |
Accounts receivable, net | — |  |  | 15.2 |  |  | 303.3 |  |  | 3.0 |  |  | 321.5 |
Inventories | — |  |  | 159.4 |  |  | 62.9 |  |  | — |  |  | 222.3 |
Prepaid expenses and other current assets | 276.9 |  |  | 65.4 |  |  | 148.1 |  |  | (274.6 | ) |  | 215.8 |
Total Current Assets | 277.0 |  |  | 246.2 |  |  | 553.8 |  |  | (271.6 | ) |  | 805.4 |
Property, plant and equipment, net | — |  |  | 350.7 |  |  | 70.1 |  |  | — |  |  | 420.8 |
Goodwill | — |  |  | 508.8 |  |  | 214.2 |  |  | — |  |  | 723.0 |
Other intangible assets, net | — |  |  | 572.7 |  |  | 76.6 |  |  | — |  |  | 649.3 |
Deferred income taxes | 15.0 |  |  | — |  |  | 22.6 |  |  | (15.0 | ) |  | 22.6 |
Other non-current assets | — |  |  | 49.2 |  |  | 45.1 |  |  | — |  |  | 94.3 |
Net investment in subsidiaries | 661.7 |  |  | 210.0 |  |  | — |  |  | (871.7 | ) |  | — |
Due from affiliates | 422.1 |  |  | 153.8 |  |  | 15.4 |  |  | (591.3 | ) |  | — |
Total Assets | $ | 1,375.8 |  |  | $ | 2,091.4 |  |  | $ | 997.8 |  |  | $ | (1,749.6 | ) |  | $ | 2,715.4 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 186.7 |  |  | $ | 63.3 |  |  | $ | 3.0 |  |  | $ | 253.0 |
Accrued expenses and other current liabilities | 6.7 |  |  | 143.9 |  |  | 208.6 |  |  | — |  |  | 359.2 |
Income taxes payable | — |  |  | 274.7 |  |  | 9.6 |  |  | (274.6 | ) |  | 9.7 |
Current portion of long-term debt | — |  |  | 44.0 |  |  | 3.1 |  |  | — |  |  | 47.1 |
Total Current Liabilities | 6.7 |  |  | 649.3 |  |  | 284.6 |  |  | (271.6 | ) |  | 669.0 |
Long-term debt, net | 1,043.0 |  |  | 547.1 |  |  | 9.0 |  |  | — |  |  | 1,599.1 |
Deferred income taxes | — |  |  | 118.0 |  |  | 14.5 |  |  | (15.0 | ) |  | 117.5 |
Other non-current liabilities | 1.9 |  |  | 58.2 |  |  | 52.2 |  |  | — |  |  | 112.3 |
Due to affiliates | 106.7 |  |  | 57.1 |  |  | 427.5 |  |  | (591.3 | ) |  | — |
Total Liabilities | 1,158.3 |  |  | 1,429.7 |  |  | 787.8 |  |  | (877.9 | ) |  | 2,497.9 |
Total Stockholder's Equity | 217.5 |  |  | 661.7 |  |  | 210.0 |  |  | (871.7 | ) |  | 217.5 |
Total Liabilities and Stockholders’ Equity | $ | 1,375.8 |  |  | $ | 2,091.4 |  |  | $ | 997.8 |  |  | $ | (1,749.6 | ) |  | $ | 2,715.4 |
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 |  | 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’ (DEFICIT) 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 to 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 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 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 | $ | (55.8 | ) |  | $ | 166.6 |  |  | $ | 72.3 |  |  | $ | 24.4 |  |  | $ | 207.5 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (75.8 | ) |  | 75.8 |  |  | — |  |  | — |
Purchases of property, plant and equipment | — |  |  | (58.8 | ) |  | (15.3 | ) |  | 0.5 |  |  | (73.6 | )
Other | — |  |  | 0.1 |  |  | 4.9 |  |  | (2.6 | ) |  | 2.4 |
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (134.5 | ) |  | 65.4 |  |  | (2.1 | ) |  | (71.2 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 414.0 |  |  | 680.9 |  |  | — |  |  | 1,094.9 |
Repayments of borrowings under long-term debt obligations | — |  |  | (444.0 | ) |  | (751.8 | ) |  | — |  |  | (1,195.8 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 55.8 |  |  | (3.0 | ) |  | (52.8 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 4.6 |  |  | — |  |  | — |  |  | — |  |  | 4.6 |
Treasury stock repurchased | (4.6 | ) |  | — |  |  | — |  |  | — |  |  | (4.6 | )
Other | — |  |  | (5.2 | ) |  | (0.9 | ) |  | — |  |  | (6.1 | )
Net cash provided by (used in) financing activities from continuing operations | 55.8 |  |  | (38.2 | ) |  | (124.6 | ) |  | — |  |  | (107.0 | )
Net cash (used in) provided by continuing operations | — |  |  | (6.1 | ) |  | 13.1 |  |  | 22.3 |  |  | 29.3 |
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (24.4 | ) |  | (24.4 | )
Investing cash flows, net | — |  |  | — |  |  | — |  |  | 2.1 |  |  | 2.1 |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (22.3 | ) |  | (22.3 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (3.1 | ) |  | — |  |  | (3.1 | )
(Decrease) increase in cash and cash equivalents | — |  |  | (6.1 | ) |  | 10.0 |  |  | — |  |  | 3.9 |
CASH AND CASH EQUIVALENTS, beginning of period | 0.1 |  |  | 12.3 |  |  | 29.5 |  |  | — |  |  | 41.9 |
CASH AND CASH EQUIVALENTS, end of period | $ | 0.1 |  |  | $ | 6.2 |  |  | $ | 39.5 |  |  | $ | — |  |  | $ | 45.8 |
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 |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (55.3 | ) |  | $ | 376.9 |  |  | $ | (98.7 | ) |  | $ | 33.6 |  |  | $ | 256.5 |
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 | ) |  | 0.4 |  |  | (66.6 | )
Other | — |  |  | 0.8 |  |  | 4.1 |  |  | (4.0 | ) |  | 0.9 |
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (184.7 | ) |  | 122.6 |  |  | (3.6 | ) |  | (65.7 | )
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 from continuing operations | 55.4 |  |  | (187.8 | ) |  | (42.8 | ) |  | — |  |  | (175.2 | )
Net cash provided by (used in) continuing operations | 0.1 |  |  | 4.4 |  |  | (18.9 | ) |  | 30.0 |  |  | 15.6 |
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (33.6 | ) |  | (33.6 | )
Investing cash flow, net | — |  |  | — |  |  | — |  |  | 3.6 |  |  | 3.6 |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (30.0 | ) |  | (30.0 | )
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 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | 0.1 |  |  | $ | 12.3 |  |  | $ | 28.7 |  |  | $ | — |  |  | $ | 41.1 |
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 |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (63.1 | ) |  | $ | 110.7 |  |  | $ | 117.9 |  |  | $ | 2.6 |  |  | $ | 168.1 |
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 | ) |  | 0.5 |  |  | (61.9 | )
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (119.7 | ) |  | 57.3 |  |  | 0.5 |  |  | (61.9 | )
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 from continuing operations | 63.1 |  |  | (102.8 | ) |  | (145.4 | ) |  | — |  |  | (185.1 | )
Net cash (used in) provided by continuing operations | — |  |  | (111.8 | ) |  | 29.8 |  |  | 3.1 |  |  | (78.9 | )
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (2.6 | ) |  | (2.6 | )
Investing cash flow, net | — |  |  | — |  |  | — |  |  | (0.5 | ) |  | (0.5 | )
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (3.1 | ) |  | (3.1 | )
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 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | — |  |  | $ | 7.9 |  |  | $ | 56.7 |  |  | $ | — |  |  | $ | 64.6 |

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 Disclosure of the condensed financial statements (balance sheet, income statement and statement of cash flows), normally using the registrant (parent) as the sole domain member. If the condensed consolidating financial statements are being presented, other domain members (in addition to parent) such as guarantor subsidiaries, non-guarantor subsidiaries, and the consolidation eliminations, will be included in order that the respective monetary amounts for each of the domains will aggregate to the respective amounts on the consolidated financial statements. + References No definition available. + Details
Name: | tpx_GuarantorNonGuarantorFinancialInformationDisclosureTextBlock
Namespace Prefix: | tpx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration